Compare forex brokers MultiBank VS Fxgm

If you're choosing between MultiBank and Fxgm forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is MultiBank better than Fxgm? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

MULTIBANK VS FXGM

FXGM
FXGM Overview

FXGM is an online broker founded in Cyprus in 2011. It is regulated by CySEC and the FSCA. The brand offers a wide variety of trading currencies, stocks, commodities, indices, cryptocurrencies, exchange traded funds and options through CFDs.

MultiBank
MultiBank Overview

Multibank Group is a broker that offers trading of FX, Share CFDs, Metals and Cryptocurrencies, across a range of proprietary platforms that bridge to the MT4 platform.

# Broker's Features MULTIBANK Availability FXGM Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare MultiBank vs Fxgm.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. MultiBank offers Online Financial Trading and Investment Services Such as Forex, Metals, Shares, Indices, Commodities, Crypt, while Fxgm offers Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. MultiBank is ECN Broker, while Fxgm is Dealing Desk.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. MultiBank recommended minimum capital is 50, while Fxgm has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. MultiBank is regulated by ASIC, BaFin, FMA, CNMV, FSC, CIMA, RAK, while Fxgm regulated by CySEC, FSCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. MultiBank offers USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD different account currencies for each account types, while Fxgm offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. MultiBank offers English, Spanish, Italian, French, German, Portugu, while Fxgm offers English, Finnish, Italian, Polish, Spanish, Swedis Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. MultiBank offers Credit/Debit Cards, bank wire, Skrill, Neteller, Pay Trus different payment methods for each account types, while Fxgm offers Credit/Debit Cards, E Merchant Payment Solutions, EasyEFT, Klarna payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, MultiBank makes MT4, MT5, WebTrader available to clients, while Fxgm offers Proprietary.

The Verdict: MultiBank or Fxgm?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, MultiBank is more reliable based on our criteria above. Only MultiBank offers demo account, allowing you to test their platform to see which is suitable for you. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. MultiBank broker is regulated in more major hubs. Only MultiBank Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. MultiBank offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. MultiBank offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. MultiBank broker offers lower minimum deposit requirement.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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