9 minute read
Exness vs Multibank: A Comprehensive Comparison for Traders
from Exness
by Exness_Blog
Choosing the right forex broker is a critical decision for traders, whether you're a beginner or a seasoned professional. With countless brokers vying for attention, Exness vs MultiBank stand out as two prominent names in the forex and CFD trading industry. Both offer robust trading platforms, competitive conditions, and a range of financial instruments, but how do they stack up against each other? In this detailed comparison, we’ll dive deep into Exness vs MultiBank, exploring their features, fees, platforms, regulation, and more to help you make an informed choice.
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Overview of Exness vs MultiBank
Exness: A Global Leader in Forex Trading
Founded in 2008 and headquartered in Cyprus, Exness has grown into one of the world’s largest forex brokers, serving over 1 million active clients and processing monthly trading volumes exceeding $4 trillion. Known for its competitive spreads, high leverage, and user-friendly platforms, Exness caters to traders of all experience levels. The broker is regulated by multiple authorities, including Tier-1 regulators like the FCA (UK) and CySEC (Cyprus), ensuring a high level of trust and transparency.
MultiBank: A Veteran in Financial Derivatives
Established in 2005, MultiBank Group is a globally recognized broker with a paid-up capital of over $322 million. Headquartered in the UAE, MultiBank operates 25 offices worldwide and serves 80,000 clients, with a total trade volume of $1.87 trillion. The broker is regulated by several authorities, including ASIC (Australia), BaFin (Germany), and DFSA (UAE), though concerns about some licenses being “suspected clones” have been raised. MultiBank is known for its tight spreads, ECN accounts, and diverse trading platforms.
Regulation and Trustworthiness
Exness: A Strong Regulatory Framework
Exness is regulated by multiple reputable authorities, including:
· FCA (UK) and CySEC (Cyprus): Tier-1 regulators ensuring high transparency and client fund protection.
· FSCA (South Africa) and CMA (Kenya): Tier-2 regulators for regional oversight.
· FSA (Seychelles): Offers high leverage for offshore clients.
With 17 years of operation and membership in the Financial Commission, Exness scores highly for trustworthiness, earning a TU Overall Score of 9.1/10. Client funds are segregated, and the broker complies with strict payment obligations.
MultiBank: Mixed Regulatory Reputation
MultiBank is regulated by seven bodies, including:
· ASIC (Australia): A respected Tier-1 regulator.
· DFSA (UAE) and BaFin (Germany): Strong regional oversight.
· CIMA (Cayman Islands) and others.
However, concerns exist about MultiBank’s regulatory status. WikiFX lists its regulatory status as “Suspected Fake Clone” for some licenses, assigning a low score of 1.42/10. Traders are advised to verify the broker’s credentials carefully, as some offices may lack a physical presence. Despite this, MultiBank’s global presence and awards, such as “Best MT4 Execution Broker” at The Forex Expo Dubai, add credibility.
Verdict: Exness has a stronger and more transparent regulatory profile, making it a safer choice for traders prioritizing trust. MultiBank’s regulation is robust in some jurisdictions but raises concerns in others.
Trading Platforms
Exness: MetaTrader and Proprietary Solutions
Exness offers a versatile range of platforms:
· MetaTrader 4 (MT4): Industry-standard with robust charting, EAs, and automated trading.
· MetaTrader 5 (MT5): Advanced features, including more timeframes and order types.
· Exness Terminal: A browser-based platform built with HTML5, offering fast loading and integration with TradingView.
· Exness Trade App: Mobile trading with real-time data and one-click execution.
Exness’s platforms support one-click trading, trailing stops, and pending orders, making them suitable for both manual and automated trading. The Exness Terminal is praised for its clean interface and mobile compatibility, though it lacks price alert functionality on the web version.
MultiBank: Diverse and Flexible Platforms
MultiBank provides a broader selection of platforms:
· MetaTrader 4 (MT4): Reliable for forex and CFD trading with EAs and indicators.
· MetaTrader 5 (MT5): Enhanced for multi-asset trading.
· MultiBank-Plus: A proprietary platform with real-time functionality and tight spreads starting at 0.0 pips.
· Web Trader: Browser-based trading with no downloads.
· Mobile App: Supports iOS and Android for trading on the go.
· Social Trading: Allows copying trades from experienced traders.
MultiBank’s platforms are praised for fast execution and compatibility across devices. The Social Trading feature is a standout, enabling beginners to follow profitable traders. However, scalping restrictions may limit some strategies.
Verdict: MultiBank offers more platform variety, including Social Trading, which appeals to beginners. Exness’s platforms are streamlined and user-friendly, with the Exness Terminal being a unique advantage for web-based trading.
Account Types
Exness: Flexible Options for All Traders
Exness provides five account types:
· Standard: No commission, $10 minimum deposit, variable spreads (from 0.3 pips).
· Standard Cent: Ideal for beginners, with micro-lot trading and $10 minimum deposit.
· Pro: Low spreads (from 0.1 pips), $200 minimum deposit, no commission.
· Zero: Zero spreads on major pairs, $200 minimum deposit, $3.5/lot commission.
· Raw Spread: Market-based spreads (from 0.0 pips), $200 minimum deposit, $3.5/lot commission.
Exness’s low minimum deposits and cent accounts make it accessible for novices, while Zero and Raw Spread accounts cater to professionals seeking tight spreads.
MultiBank: Tailored for Different Expertise Levels
MultiBank offers three main account types:
· Standard: $50 minimum deposit, 1.4 pips average spread, no commission.
· Pro: $1,000 minimum deposit, 0.8 pips spread, no commission.
· ECN Pro: $10,000 minimum deposit, raw spreads from 0.0 pips, low commission.
MultiBank’s accounts are designed for cost-effectiveness, with the Standard account being beginner-friendly and the ECN Pro targeting institutional traders. A demo account with $100,000 virtual funds is available for practice.
Verdict: Exness offers more account variety, especially for beginners with cent accounts. MultiBank’s accounts are competitive but require higher minimum deposits for advanced options.
Spreads and Fees
Exness: Competitive and Transparent
Exness is known for low trading costs:
· Spreads: Variable, starting at 0.3 pips (Standard), 0.1 pips (Pro), and 0.0 pips (Zero/Raw Spread).
· Commissions: None on Standard/Pro, $3.5/lot on Zero/Raw Spread.
· Non-Trading Fees: No inactivity fees; deposit/withdrawal fees are moderate.
· Swap Fees: Competitive, with swap-free Islamic accounts available.
Exness’s spreads are market-based on ECN accounts, fluctuating during volatility. The broker’s fee structure scores 7/10 for cost efficiency.
MultiBank: Tight Spreads with Caveats
MultiBank emphasizes tight spreads:
· Spreads: Variable, averaging 1.4 pips (Standard), 0.8 pips (Pro), and 0.0 pips (ECN Pro).
· Commissions: None on Standard/Pro, low commission on ECN Pro.
· Non-Trading Fees: Inactivity fees apply; deposit/withdrawal fees are moderate.
· Bonuses: Offers bonuses (e.g., 20% deposit bonus), but strict trading requirements (e.g., 80 lots/$200 withdrawn) make them challenging to utilize.
MultiBank’s fees score 6/10, slightly below Exness due to inactivity fees and bonus restrictions.
Verdict: Exness has a slight edge with lower spreads and no inactivity fees, making it more cost-effective for long-term traders. MultiBank’s bonuses may appeal but come with heavy conditions.
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Trading Instruments
Exness: Broad Market Access
Exness offers over 220 CFD markets:
· Forex: 90+ currency pairs, including exotics.
· Commodities: Gold, silver, oil, metals, energies.
· Stocks and Indices: Major global stocks and indices.
· Cryptocurrencies: Bitcoin, Ethereum, and more.
Exness’s diverse portfolio allows traders to explore multiple markets, ideal for portfolio diversification.
MultiBank: Extensive but Focused
MultiBank provides over 1,000 instruments:
· Forex: Major and minor pairs.
· Commodities: Gold, silver, oil.
· Indices and Shares: Global indices and company stocks.
· Cryptocurrencies: Bitcoin, Ethereum, and altcoins.
MultiBank’s broader instrument range is a strength, though some markets may have higher spreads.
Verdict: MultiBank offers more instruments, but Exness provides competitive access to key markets with lower spreads.
Leverage
Exness: High Leverage for Offshore Clients
Exness offers leverage up to:
· 1:2000 (FSA-regulated entity for offshore clients).
· 1:30 (FCA/CySEC for EU/UK clients due to regulatory limits).
High leverage is attractive for experienced traders but increases risk.
MultiBank: Competitive Leverage
MultiBank provides leverage up to:
· 1:500 across accounts, depending on the regulator.
While lower than Exness’s offshore offering, MultiBank’s leverage is sufficient for most strategies.
Verdict: Exness’s higher leverage appeals to risk-tolerant traders, while MultiBank’s leverage is more balanced.
Deposit and Withdrawal Options
Exness: Flexible and Efficient
Exness supports:
· Methods: Bank cards, bank wire, Skrill, Neteller, BTC, USDT.
· Minimum Deposit: $10 (Standard/Cent).
· Withdrawal Fees: Moderate, with fast processing (often instant).
· Base Currencies: Multiple options to reduce conversion fees.
Exness’s deposit/withdrawal process scores well for efficiency.
MultiBank: Standard but Costly
MultiBank offers:
· Methods: Bank cards, bank wire, Skrill, Neteller, BTC, USDT.
· Minimum Deposit: $50 (Standard).
· Withdrawal Fees: Moderate, with potential inactivity fees.
· Base Currencies: Limited compared to Exness.
MultiBank’s processes are reliable but less flexible due to higher minimums and fees.
Verdict: Exness excels with lower minimums and more base currency options, making it more accessible.
Educational Resources and Support
Exness: Comprehensive Learning Tools
Exness provides:
· Blog and YouTube: Trading strategies, platform guides, and market outlooks.
· Webinars: Limited but growing.
· 24/7 Support: Multilingual, via live chat, email, and phone.
Exness’s educational content is robust but less extensive than some competitors.
MultiBank: Light on Education
MultiBank offers:
· Tutorials: Basic platform guides.
· Social Trading: Learn by copying experienced traders.
· 24/7 Support: Responsive but less praised than Exness.
MultiBank’s educational resources are minimal, relying heavily on Social Trading for beginners.
Verdict: Exness provides better educational support, while MultiBank’s Social Trading is a unique learning tool.
Pros and Cons
Exness
Pros:
· Strong regulation (FCA, CySEC).
· Low spreads (from 0.0 pips).
· Low minimum deposit ($10).
· High leverage (up to 1:2000).
· User-friendly Exness Terminal.
Cons:
· Limited educational webinars.
· No price alerts on web platform.
MultiBank
Pros:
· Wide range of platforms (MT4, MT5, MultiBank-Plus).
· Social Trading for beginners.
· Over 1,000 instruments.
· Tight spreads on ECN accounts.
Cons:
· Regulatory concerns (suspected clone licenses).
· Higher minimum deposits ($50–$10,000).
· Inactivity fees and bonus restrictions.
Which Broker Should You Choose?
The choice between Exness vs MultiBank depends on your trading goals and experience level:
· Choose Exness if you prioritize strong regulation, low spreads, and accessibility. Its low minimum deposits, cent accounts, and high leverage make it ideal for beginners and professionals alike. The Exness Terminal is a bonus for web-based trading.
· Choose MultiBank if you value platform variety and Social Trading. Its extensive instrument range and ECN accounts suit experienced traders, but regulatory concerns and higher minimum deposits may deter some.
Both brokers are reputable, but Exness’s transparency and cost-effectiveness give it a slight edge for most traders in 2025. Always conduct due diligence and consider your risk tolerance before trading.
Conclusion
Exness vs MultiBank are formidable players in the forex trading space, each with unique strengths. Exness shines with its regulatory credibility, low-cost trading, and beginner-friendly accounts, while MultiBank offers diverse platforms and a broader instrument range. By weighing factors like regulation, fees, platforms, and support, you can choose the broker that aligns with your trading style.
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