VT Markets vs MultiBank FX

VT Markets vs MultiBank FX Comparison Table 2024
VT Markets MultiBank FX
4
4.7
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of day trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.

MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.

Bonus Offer
50% Welcome Bonus 20% deposit bonus
Comment by Reviewer
"VT Markets is a great choice for regular traders who are looking for very tight spreads and powerful charting software. The broker's share CFD offering is particularly strong, with hundreds of commission-free assets spanning multiple global markets." "MultiBank FX is a great option for active forex traders with 55 currency pairs, spreads from 0.0 pips and high leverage up to 1:500."
Pros
  • Traders can access a range of analysis tools supplied by reputable providers, including Trading Central’s Market Buzz AI tool and a customizable economic calendar
  • Market-leading MetaTrader 4 and MetaTrader 5 charting platforms are offered, with advanced technical capabilities and access to Expert Advisors (EAs)
  • Spreads are competitive based on tests, coming in at 0.2 pips for EUR/USD in the ECN account, aligning with top brands like Pepperstone
  • There’s a strong range of payment methods, including bank wire, credit cards and e-wallets, plus 5 base currencies to choose from
  • VT Markets offers free 90-day demo accounts allowing traders to thoroughly test their short-term strategies
  • A proprietary copy trading service, VTrade, is available on two platforms, with access to 100+ providers
  • You can open an account in less than 5 minutes with just a $100 starting deposit
  • 24/7 multilingual customer support available across all accounts
  • Renowned MT4 and MT5 platforms, plus proprietary MultiBank-Plus solutions and social trading
  • Vast range of local payment methods with fast withdrawals within 24 hours
  • Global presence with 10+ regulatory licenses, including ASIC (Australia) and MAS (Singapore)
  • MAM, PAMM and FIX API access for high-volume or pro traders, plus EAs and VPS hosting for algorithmic trading
Cons
  • The broker’s bonus schemes have stringent terms and conditions, including restrictions on minimum deposits and payment methods used
  • Unlike similar brands like Fusion Markets, VT Markets does not offer crypto trading
  • $5,000 minimum deposit required to access ECN spreads
  • Average education and market research
  • $60 monthly inactivity fee
Awards
  • Best Research House Europe 2022
  • Best Forex Broker Australia 2022
  • Best Forex Customer Service 2022
  • Best Forex Mobile App 2022
  • Most Innovative Online Trading Platform 2022
  • Best Gold Broker 2023 - FX Empire
  • Best Forex Broker 2023 - Fintech & Crypto Summit Bahrain
  • Chairman Of The Year 2023 - Le Fonti Awards Dubai
  • Leading Financial Derivatives Institution 2023 - Le Fonti Awards Dubai
  • The Most Trusted Broker In The Middle East 2023 - Ultimate Fintech
  • Best Broker Of The Year 2022 - Traders Union
  • Best Globally Recognized Forex Broker 2022 - Forex Expo Dubai
  • Best Crypto Broker Asia & Europe 2022 - Global Brands Magazine
  • Best Financial Derivatives Broker Asia & Europe 2022 - Global Brands Magazine
  • Best Global Broker 2022 - Pan Finance
  • Best Global Forex Chairman Of The Year 2022 - Global Business Review Magazine
  • Best New Global Asset Digital Exchange - MultiBank Crypto Exchange 2022 - Global Business Review Magazine
  • The 50 Most Influential Figures In Global Financial Markets 2022 - Forex Traders Summit Dubai
  • Best Global Crypto Broker 2021 - Forex Expo Dubai
  • Bets Global Broker 2021 - Finance Magnates
  • Best Broker MENA 2021 - Finance Magnates
  • Best Broker Africa 2021 - Finance Magnates
  • Best Broker LATAM 2021 - Finance Magnates
  • Most Trusted Global Broker 2021 - Global Business Review Magazine
  • The 50 Most Influential Figures In Global Financial Markets 2021 - Forex Traders Summit Dubai
  • Best FX Service Provider 2020 - International Business Magazine
  • Best FX Customer Service 2020 - Forex Awards
  • Best Apac Region Broker 2020 - International Financial Awards
  • Best Forex & CFD Broker 2019 - Jordan Forex & Expo Awards
  • Financial Services Provider of the Year Asia 2019 - Global Brands Magazine
  • Best Forex Trading Platform Hong Kong 2018 - International Finance Magazine
Instruments
CFDs, Forex, Commodities, Stocks, Indices Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$200 $50
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • TradingCentral
  • MultiBank-Plus
  • MT4
  • MT5
  • cTrader
Payment Methods
Minimum Trade
0.01 Lots 0.1 Lots
Regulator
ASIC, FSCA, SVGFSA SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC
Margin Trading
Yes No
STP Account
Yes No
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes
App Review

VT Markets offers a bespoke app with 230+ assets including forex. Traders benefit from 24/5 customer support, a welcome deposit bonus, real-time market news, and hassle-free account management. The app is available to download to Android and Apple devices.

Android App Rating
4.3
iOS App Rating
4.6
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes (APIs)
Copy Trading
Yes Yes
Copy Trading Platform
VT Markets continues to offer copy trading via its proprietary service, VTrade. Followers can choose from 100+ strategy providers through a user-friendly platform, whilst providers can boost their earnings through the rebate scheme. Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Build a diverse portfolio while learning from experienced investors and saving time on market research.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Stock Exchanges
Commodities
CFD Trading
VT Markets offers over 1000+ CFDs spanning currencies, stocks, indices, ETFs and commodities. The MetaTrader charting platforms provide dozens of technical tools alongside integrated market analysis resources and zero restrictions on short-term trading strategies. Access thousands of CFDs with competitive pricing and leverage up to 1:500. A range of asset classes are available, including currencies, shares, indices, metals and commodities. CFDs can be traded on the market-leading MetaTrader platforms.
Leverage
1:500 1:500
FTSE Spread
From 40 Not offered
GBPUSD Spread
0.4 pips 0.8
Oil Spread
From 16 0.03
Stocks Spread
Variable Variable
Forex Trading
VT Markets offers an average selection of 40+ forex pairs with up to 1:500 leverage. Forex spreads in the ECN account are highly competitive, starting from 0.0 pips, although the 1.2-pip minimum quotes in the Standard account are a little higher than the likes of Pepperstone or IC Markets. MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted.
Forex App

VT Markets offers a bespoke app with 230+ assets including forex. Traders benefit from 24/5 customer support, a welcome deposit bonus, real-time market news, and hassle-free account management. The app is available to download to Android and Apple devices.

GBPUSD Spread
0.4 pips 0.8
EURUSD Spread
0.4 pips 0.3
EURGBP Spread
1.4 pips 0.8
Assets
40+ 45+
Cryptocurrency
Crypto trading not offered Trade a selection of the top cryptos against the US Dollar, including Bitcoin, Polkadot and Stellar with 50% leverage. Traders also benefit from fast execution speeds of <20ms.
Spread
Floating
Coins
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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MultiBank FX
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