Compare forex brokers MultiBank VS Xm

If you're choosing between MultiBank and Xm 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 Xm? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

MULTIBANK VS XM

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.

XM
XM Overview

XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.

# Broker's Features MULTIBANK Availability XM 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 Xm.

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 Xm offers CFD, Forex, Cryptocurrency, Stocks, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. MultiBank is ECN Broker, while Xm is Market Maker.

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 Xm has a Minimum Deposit Requirement of 5.

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 Xm regulated by ASIC, CySEC, IFSC. 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 Xm offers EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR, 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 Xm offers English, Arab, Bulgarian, Vietnamese, Greek, Indonesian, Spanish, Italian, Chinese, Korean, Malay, Deutsch, Polish, Portuguese, Russian, Turkish, French, Swede, Japanese 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 Xm offers Credit/Debit Cards, Netteler, Skrill, Klarna, Przelewy 2 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 Xm offers MT4, MT5, WebTrader.

The Verdict: MultiBank or Xm?

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

Objectively, Xm is more reliable based on our criteria above. Xm 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. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Xm has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Xm may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades. Only Xm provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

What We Really Like on Xm

XM has low trading fees. The account opening is user-friendly and fast. From a demo account to webinars, you can use a lot of educational tools.

What We’d Like More on Xm

XM has a limited product portfolio as it offers only CFDs, forex, and crypto. The research tools are limited as no fundamental data and news are provided. Lastly, it charges a monthly $5 fee after 90 days of inactivity.

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.

Are you Satisfied with what They Offer?