XM vs MultiBank - Fees Review included
Which broker is better XM or MultiBank? Our expert assessment conducted according to TU’s own methodology showed that XM is one of the top brokers in the financial market with the TU Overall Score of 9 out of 10. MultiBank is one of the top brokers in the financial market with the TU Overall Score of 6.82 out of 10. Find out more about TU Overall Score.
| Feature | XM | MultiBank |
|---|---|---|
Overall |
4.5 |
4.2 |
4.9 |
4.9 |
|
4.3 |
4.0 |
|
4.4 |
4.8 |
|
Investment Instruments |
4.4 |
4.8 |
Platforms and Charting Tools |
4.6 |
3.9 |
Deposit and Withdrawal |
4.7 |
4.3 |
Research |
5 |
3.1 |
Education |
5 |
2.8 |
Support |
4.6 |
4.1 |
Bonuses |
5 |
4.3 |
|
|
|
XM vs MultiBank: Pros and Cons
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
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.
| XM | MultiBank | |
|---|---|---|
| Overall Pros | Well-Regulated broker | Professional ECN accounts with floating spreads from 0.1 pips |
| Strong research tools | popular trading platforms MT4 and MT5, mobile apps and web terminals compatible with various OS and browsers | |
| Strong education | several options for passive earnings including a service for copying trades, PAMM accounts, and an affiliate program | |
| Big Forex bonuses | 20,000+ CFD Products across six asset classes | |
| Free deposit and withdrawal | supervised by over 10 financial regulators worldwide across various jurisdictions | |
| Instant withdrawal | ||
| 1000+ trading assets | ||
| Overall Cons | High spreads | trading restrictions on scalping |
| Limited education and research | ||
| High inactivity fee |
XM vs MultiBank: Safety and Regulation
| XM | MultiBank | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
€20,000 €100,000 (DE) SGD 75,000 |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
Yes |
ASIC (Australia) |
No |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
Yes |
FSCA SA |
Yes |
No |
BVI FSC |
No |
Yes |
VFSC |
No |
Yes |
FSA (Seychelles) |
Yes |
No |
XM vs MultiBank: Trading Conditions
| Trading Conditions | XM | MultiBank |
|---|---|---|
Minimum Deposit |
$5 |
$50 |
Trading Platforms |
MT4, MT5 |
MT4, MT5, WebTrader, Mobile app |
Max Leverage (Futures) |
1:888, 1:30 (for EU, UK clients) |
1-500 (no for all markets, EU, AU - 1-30, please look for your regulator rules) |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies |
Trading assets |
1300+ |
20000+ |
Trading Accounts |
Micro, Standard, Ultra Low, Zero |
Pro, ECN, Standard, Demo |
Base Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
USD, GBP, EUR, CHF, AUD, AED, NZD, CAD |
XM vs MultiBank: Fees
| XM | MultiBank | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,1 |
Standard acc. spread EUR/USD, max pips |
1,2 |
0,5 |
ECN Commission |
3,5 |
3 |
ECN Spread EUR/USD |
0,2 |
0,3 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
60 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XM vs MultiBank: Trading Assets
| Asset Name | XM | MultiBank |
|---|---|---|
Overall |
1300+ |
20000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XM or MultiBank: Investment Programs
| Asset Name | XM | MultiBank |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: MultiBank or XM
| XM | MultiBank | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
XM vs MultiBank: Deposit and Withdrawal Methods
| XM | MultiBank | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XM vs MultiBank: Research
| Research Type | XM | MultiBank |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
NO |
XM vs MultiBank: Education
| Education Type | XM | MultiBank |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
MultiBank vs XM: Support
| Support Features | XM | MultiBank |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XM vs MultiBank: Forex Bonuses and Promo
| Promo | XM | MultiBank |
|---|---|---|
Forex Bonus |
up to $5000 forex bonus, up to 100% forex deposit 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 |
Affiliate Program |
Multi tier 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. |
Other Promos |
||
|
|
|
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.
Top 5 Reviews on XM
-
Comment
It’s a cool broker and it works really well especially because the support are helpful, professional and available 24/7.
-
Comment
I discovered XM Group through the Traders Union rankings — the company ranked among the top brokers. I was impressed by the range of instruments: over 1,000 tradable assets, including 55+ currency pairs, stocks, indices, commodities, and even palladium and platinum. Spreads are very tight, with no markup on most pairs. I especially appreciated the execution speed: 99.35% of orders are filled in less than a second, and I can confirm that personally — I haven’t experienced any delays or requotes. Over the past four months, I’ve made around $700 trading currencies and commodities.
-
Comment
I've been trading with XM Group for just over a year. I chose this broker based on reviews and the fact that it holds multiple licenses — ASIC, CySEC, FSC, and DFSA. I really liked the low minimum deposit of just $5, which meant I didn’t have to risk a large amount. I started with a micro account where 1 lot equals 1,000 units — perfect for beginners. I’m satisfied with the spreads: on EUR/USD they start from 0.8 pips, and there are no fees for deposits or withdrawals, which is quite rare. Over the year, I’ve withdrawn about $900 in profit — the funds arrived quickly, with a maximum wait of 2 days.
-
Comment
XM Group is a great choice for active trading thanks to its transparent commission policy and no requotes. Over 5 million traders have chosen this broker — an impressive number. I made about 70 trades in a month, all executed in under a second with no requotes. MQL5 trading signals can be integrated directly into the terminal, making it easy to test ideas from other traders. A $5 minimum deposit and a wide range of assets make XM Group a versatile option for both beginners and professionals.
-
Comment
I liked that XM Group operates under licenses from four regulators at once: ASIC, CySEC, FSC, and DFSA. This inspires confidence. Fast execution was important to me — the broker claims 100% order execution, and in practice trades close at the prices I see in the terminal. Spreads are minimal — for major pairs they stay around 0.8–1 pip. Support is always available on weekends and helped me with account verification questions.
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.