MultiBank vs AvaTrade - Fees Review included
Which broker is better MultiBank or AvaTrade? Our expert assessment conducted according to TU’s own methodology showed that MultiBank is one of the top brokers in the financial market with the TU Overall Score of 6.82 out of 10. AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.06 out of 10. Find out more about TU Overall Score.
| Feature | MultiBank | AvaTrade |
|---|---|---|
Overall |
4.2 |
4.6 |
4.9 |
4.7 |
|
4.0 |
4.4 |
|
4.8 |
4.4 |
|
Investment Instruments |
4.8 |
4.2 |
Platforms and Charting Tools |
3.9 |
4.6 |
Deposit and Withdrawal |
4.3 |
4.7 |
Research |
3.1 |
4.4 |
Education |
2.8 |
4.8 |
Support |
4.1 |
4.6 |
Bonuses |
4.3 |
3.9 |
|
|
|
MultiBank vs AvaTrade: Pros and Cons
Established in 2005, MultiBank Group has successfully stamped its authority in the world of trading. It has a valid impact in the foreign exchange industry with providing exemplary products, services, and trading platforms. With a paid-up capital of over $322 million, MultiBank Group is recognized as one of the largest only financial derivatives providers worldwide. The Group is closely supervised by over 10 financial regulators worldwide across various jurisdictions, what ensures investor protection. Entities regulated by ASIC, BAFIN, CNMV, FMA, TFG, HKCE, AUSTRAC, VFSA, CIMA.
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
| MultiBank | AvaTrade | |
|---|---|---|
| Overall Pros | Professional ECN accounts with floating spreads from 0.1 pips | Highly regulated broker, licenced on the territory of 5 continents |
| popular trading platforms MT4 and MT5, mobile apps and web terminals compatible with various OS and browsers | a wide range of trading instruments | |
| several options for passive earnings including a service for copying trades, PAMM accounts, and an affiliate program | Swap-free account | |
| 20,000+ CFD Products across six asset classes | Advanced copy trading tools | |
| supervised by over 10 financial regulators worldwide across various jurisdictions | A lot of educational content | |
| Low fees | ||
| Optioins trading | ||
| Overall Cons | trading restrictions on scalping | customer service efficiency and response time |
| Limited education and research | There is no ECN account | |
| High inactivity fee | Market maker(dealing desk) type of broker |
MultiBank vs AvaTrade: Safety and Regulation
| MultiBank | AvaTrade | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 €100,000 (DE) SGD 75,000 |
€20,00 |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
Yes |
No |
ASIC (Australia) |
Yes |
Yes |
CFTC (U.S) |
No |
No |
MAS |
Yes |
No |
FSCA SA |
No |
Yes |
BVI FSC |
Yes |
Yes |
VFSC |
Yes |
No |
FSA (Seychelles) |
No |
No |
MultiBank vs AvaTrade: Trading Conditions
| Trading Conditions | MultiBank | AvaTrade |
|---|---|---|
Minimum Deposit |
$50 |
$100 |
Trading Platforms |
MT4, MT5, WebTrader, Mobile app |
MT4, MT5, AvaTradeGo, AvaOptions |
Max Leverage (Futures) |
1-500 (no for all markets, EU, AU - 1-30, please look for your regulator rules) |
1-400 |
Supported Markets |
Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Trading assets |
20000+ |
100+ |
Trading Accounts |
Pro, ECN, Standard, Demo |
Standard, Professional account |
Base Account Currencies |
USD, GBP, EUR, CHF, AUD, AED, NZD, CAD |
EUR, USD |
MultiBank vs AvaTrade: Fees
| MultiBank | AvaTrade | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,1 |
0,6 |
Standard acc. spread EUR/USD, max pips |
0,5 |
0,9 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,3 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
60 |
16,66 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
MultiBank vs AvaTrade: Trading Assets
| Asset Name | MultiBank | AvaTrade |
|---|---|---|
Overall |
20000+ |
1000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
MultiBank or AvaTrade: Investment Programs
| Asset Name | MultiBank | AvaTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
Yes |
Other |
No |
Bonds |
Trading Platforms: AvaTrade or MultiBank
| MultiBank | AvaTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
AvaTradeGo, AvaOptions |
Others |
No |
No |
|
|
|
MultiBank vs AvaTrade: Deposit and Withdrawal Methods
| MultiBank | AvaTrade | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
MultiBank vs AvaTrade: Research
| Research Type | MultiBank | AvaTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
NO |
Yes |
MultiBank vs AvaTrade: Education
| Education Type | MultiBank | AvaTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
AvaTrade vs MultiBank: Support
| Support Features | MultiBank | AvaTrade |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
MultiBank vs AvaTrade: Forex Bonuses and Promo
| Promo | MultiBank | AvaTrade |
|---|---|---|
Forex Bonus |
“Trading Bonuses”, traders can benefit from various trading bonuses including the 20% deposit bonus whereby traders can earn a bonus up to $40,000 |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
Affiliate Program |
“Introducing Broker Program”, this IB program is dedicated to benefit a community of 30,000+ IBs with one of the highest rebates and offers in the industry. “CPA Affiliate Program”, this CPA program allows digital marketers such as portal websites, media buyers, email marketers, affiliate networks, bloggers, and influencers of the forex or financial services community to earn a commission for every active trader they introduce to MultiBank Group. |
A trader can receive up to 400 US dollars for inviting friends. |
Other Promos |
||
|
|
|
Top 5 Reviews on AvaTrade
-
Comment
AvaTrade stands out from competitors due to its geographic range of regulation — the broker is licensed in Ireland, Australia, Japan, South Africa, and the UAE. Client funds are protected through segregated accounts. Customer support is available 24/7, but the platform’s user interface, especially the mobile version, needs updating. For beginners, educational resources are provided, including webinars and guides.
-
Comment
For passive investors, integration with DupliTrade — a trade-copying service — is available. Users can connect their accounts to the platform and follow strategies tested by other participants. The selection of signal providers is limited, but their data is transparent: performance, risk level, and number of followers are clearly shown. Access to the service is granted after opening an account with a minimum of $100.
-
Comment
Trading conditions at AvaTrade suit both conservative and active traders. Leverage up to 1:400 allows for scaling strategies, and the availability of swap-free accounts is beneficial for Islamic clients. The minimum lot is 0.01, which is convenient for cautious trades. However, customer support is not as fast as expected.
-
Comment
Among the 250+ available instruments, AvaTrade offers trading in currencies, cryptocurrencies, indices, metals, and stocks. The company is regulated by several authorities, including ASIC, FSA, FSCA, and the British Financial Services Commission. Support is available 24/7 and operates in 14 languages. On the downside, the web-based platform interface looks outdated and could use improvement.
-
Comment
I’ve used AvaTrade, and I really like its smooth interface and variety of trading options. The spreads are decent, and having multiple platforms like MT4 and AvaTradeGO makes it flexible. I also appreciate the strong regulations, which add a sense of security. The only downside I noticed is that withdrawals can take a bit longer than expected, but overall, it’s been a solid experience.
Top 5 Reviews on MultiBank
-
Comment
MultiBank is regulated by a significant number of authorities—licensed in 11 jurisdictions including BaFin, ASIC, CySEC, CIMA, MAS, and others—which enhances client trust. In terms of safety, negative balance protection is in place, and the stop-out level is set at 50%. The minimum trade size is 0.01 lots, while Pro and ECN accounts with tighter spreads and faster execution are available for high-volume clients. Withdrawals are guaranteed within 24 hours; however, customer support doesn’t always respond promptly to complex inquiries, despite claiming 24/7 availability.
-
Comment
MultiBank offers a wide range of platforms — MT4, MT5, WebTrader, and a mobile app — making it convenient for traders with different styles. The minimum deposit is $50, and spreads start from 0.3 pips on major currency pairs. One of MultiBank’s strengths is its extensive range of instruments: over 20,000 CFDs on currencies, stocks, indices, metals, commodities, and cryptocurrencies. Leverage of up to 1:500 allows for aggressive position building, though new clients should be mindful of the associated risks. Funding and withdrawals are available in over six account currencies with a variety of methods, including cards, e-wallets, and cryptocurrencies. Withdrawal fees aren’t always clearly stated, so it’s best to check the terms for your selected method in advance.
-
Comment
I think that MultiBank is a reliable and normal broker. Ask why? Because my money was drained with another company, and when I registered and started trading with MultiBank I had no problems. The quotes are real, and most importantly, I managed to earn $300 in 2 months with a deposit of $2,000, although I’m not that experienced. I think I’ll continue trading here and if anything changes — I’ll let you know.
-
Comment
I recommend working with MultiBank to everyone, and for novice traders I recommend trading on a demo account until you learn how to trade profitably. For normal trading, MultiBank requires a sufficient deposit. But with a small deposit there is absolutely nothing to do in the financial market. The platform is normal and with a good strategy you can make money here.
-
Comment
I’ve been trading with multibank for about a year. At first I started with a small deposit, as I wanted to check the conditions and had doubts about withdrawals. Yes, the first withdrawal was delayed for several days, but subsequent ones were without problems — withdrawals arrived on the day of requests. Personally, I have no problems with MultiBank, perhaps because I trade honestly and not aggressively.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.