9 minute read
Exness vs Multibank Comparison: Best Forex Broker for You?
from Exness India
by Exness_India
Choosing the right forex broker can significantly impact your trading success. With countless options available, Exness vs MultiBank stand out as two prominent players in the forex and CFD trading industry. Both brokers offer robust platforms, competitive trading conditions, and a range of financial instruments, but they cater to different trader needs and preferences. In this in-depth comparison, we’ll explore Exness vs. MultiBank across key factors such as regulation, trading platforms, fees, account types, and more to help you decide which broker aligns best with your trading goals.
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Overview of Exness vs MultiBank
Exness
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, from beginners to seasoned professionals. The broker operates under multiple regulatory licenses, ensuring a high level of transparency and client fund protection.
MultiBank
Established in 2005, MultiBank Group is a global financial derivatives provider with a strong presence in over 25 countries. With a paid-up capital of $322 million and a trade volume of $1.87 trillion, MultiBank is recognized for its tight spreads, advanced trading platforms, and institutional-grade trading conditions. The broker targets both retail and institutional traders, offering a variety of account types and innovative features like social trading.
Regulation and Trustworthiness
Regulation is a critical factor when choosing a forex broker, as it ensures the safety of your funds and the broker’s adherence to industry standards.
Exness
Exness is regulated by multiple reputable authorities, including:
· Cyprus Securities and Exchange Commission (CySEC) – Tier-1 regulator
· Financial Conduct Authority (FCA) – Tier-1 regulator
· Financial Sector Conduct Authority (FSCA) – Tier-2 regulator
· Capital Markets Authority (CMA) – Tier-2 regulator
· Financial Services Authority (FSA) – Tier-3 regulator
Exness’s compliance with stringent regulations ensures segregated client funds, negative balance protection, and transparent operations. Its 17-year track record and membership in the Financial Commission further enhance its trustworthiness. Quarterly financial reports audited by Deloitte provide additional assurance of its stability.
MultiBank
MultiBank operates under several regulatory bodies, including:
· Australian Securities and Investments Commission (ASIC) – Tier-1 regulator
· Dubai Financial Services Authority (DFSA) – Tier-1 regulator
· Cayman Islands Monetary Authority (CIMA) – Tier-3 regulator
· Financial Services Commission (FSC) – Tier-3 regulator
While MultiBank boasts robust regulation, concerns have been raised about the legitimacy of some licenses, with reports suggesting certain licenses may be “suspicious clones.” This has led to a lower trust score in some reviews, urging traders to exercise caution. However, MultiBank’s global presence and long-standing reputation provide a degree of reliability.
Verdict: Exness has a slight edge due to its broader regulatory oversight and cleaner track record. MultiBank’s regulatory concerns warrant careful consideration.
Trading Platforms and Tools
The trading platform is the backbone of your trading experience, offering the tools and interface needed to execute trades effectively.
Exness
Exness supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, alongside its proprietary Exness Terminal and Exness Trade App. Key features include:
· MT4/MT5: Advanced charting, automated trading via Expert Advisors (EAs), and support for multiple order types.
· Exness Terminal: A browser-based platform with HTML5 technology, fast execution, and integration with TradingView.
· Exness Trade App: Mobile trading with real-time market data and one-click execution.
· Analytical Tools: 30+ built-in indicators, trading signals, and customizable scripts via MQL4/MQL5.
Exness’s platforms are known for their stability, speed, and flexibility, catering to both manual and algorithmic traders.
MultiBank
MultiBank also supports MT4 and MT5, complemented by its proprietary MultiBank-Plus platform and a Web Trader. Notable features include:
· MT4/MT5: Similar to Exness, offering robust charting, EAs, and mobile trading.
· MultiBank-Plus: An advanced platform with real-time functionality, tight spreads starting at 0.0 pips, and an intuitive interface.
· Social Trading: Allows traders to copy the strategies of experienced signal providers, ideal for beginners.
· Mobile App: Supports one-click trading, trailing stops, and pending orders.
MultiBank’s social trading feature is a standout, providing an edge for novice traders looking to leverage expert strategies.
Verdict: Both brokers offer MT4 and MT5, but Exness’s proprietary platforms are more user-friendly for beginners, while MultiBank’s social trading appeals to those seeking passive trading options.
Account Types and Minimum Deposits
Account types and minimum deposit requirements determine a broker’s accessibility to traders with varying budgets.
Exness
Exness offers five account types:
· Standard: $10 minimum deposit, commission-free, variable spreads from 0.3 pips.
· Standard Cent: $1 minimum deposit, ideal for beginners trading micro-lots.
· Pro: $200 minimum deposit, low spreads from 0.1 pips, no commissions.
· Zero: $200 minimum deposit, zero spreads on major pairs, $0.2/lot commission.
· Raw Spread: $200 minimum deposit, spreads from 0.0 pips, $3.5/lot commission.
Exness’s low minimum deposits make it highly accessible, especially for novice traders.
MultiBank
MultiBank provides three main account types:
· Standard: $50 minimum deposit, spreads from 1.4 pips, no commissions.
· Pro: $1,000 minimum deposit, spreads from 0.8 pips, no commissions.
· ECN Pro: $10,000 minimum deposit, raw spreads from 0.0 pips, low commissions.
MultiBank’s higher minimum deposits, particularly for the ECN Pro account, cater more to experienced or institutional traders.
Verdict: Exness is more beginner-friendly with lower minimum deposits, while MultiBank suits traders with larger capital.
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Spreads, Commissions, and Fees
Trading costs directly affect profitability, making spreads and commissions a critical comparison point.
Exness
Exness is renowned for its competitive spreads:
· Standard Account: Spreads start at 0.3 pips for major pairs.
· Pro Account: Spreads from 0.1 pips, commission-free.
· Zero/Raw Spread Accounts: Spreads from 0.0 pips with commissions of $0.2–$3.5 per lot.
Exness does not charge inactivity fees, and its deposit/withdrawal fees are minimal, often covered by the broker. Spreads are variable, fluctuating based on market conditions.
MultiBank
MultiBank also offers tight spreads:
· Standard Account: Spreads from 1.4 pips, no commissions.
· Pro Account: Spreads from 0.8 pips, no commissions.
· ECN Pro Account: Raw spreads from 0.0 pips, low commissions (not publicly disclosed).
MultiBank charges an inactivity fee and offers bonuses with strict withdrawal conditions, which may complicate cost calculations. Spreads are also variable.
Verdict: Exness generally offers lower spreads and more transparent fee structures, while MultiBank’s bonuses and inactivity fees may increase costs for some traders.
Leverage and Margin Requirements
Leverage amplifies trading potential but also increases risk.
Exness
Exness offers some of the highest leverage in the industry:
· Up to 1:Unlimited for professional accounts (via offshore entity).
· Up to 1:2000 for retail accounts, depending on the instrument and account type.
High leverage is ideal for experienced traders but requires careful risk management.
MultiBank
MultiBank provides leverage up to 1:500, which is generous but lower than Exness’s offerings. Leverage varies by account type and instrument, with tighter restrictions for regulated entities.
Verdict: Exness’s higher leverage makes it more appealing for aggressive traders, while MultiBank’s conservative approach suits risk-averse traders.
Tradable Instruments
A diverse range of instruments allows traders to diversify their portfolios.
Exness
Exness offers over 220 CFD markets, including:
· Forex: 90+ currency pairs, including exotics.
· Commodities: Gold, silver, oil, metals, energies.
· Indices: Major global indices like S&P 500, FTSE, Nikkei.
· Stocks: CFDs on popular companies.
· Cryptocurrencies: Bitcoin, Ethereum, and more.
MultiBank
MultiBank provides access to over 1,000 instruments, including:
· Forex: Major and minor pairs.
· Commodities: Gold, silver, oil.
· Indices: Global indices.
· Shares: CFDs on stocks.
· Cryptocurrencies: Bitcoin, Ethereum, and altcoins.
Verdict: MultiBank offers a broader range of instruments, making it ideal for traders seeking diverse markets. Exness, however, covers all major asset classes sufficiently.
Deposit and Withdrawal Options
Efficient and cost-effective funding methods are essential for a seamless trading experience.
Exness
Exness supports a wide range of payment methods, including:
· Bank cards, bank wires, Skrill, Neteller, Bitcoin, and USDT.
· Instant withdrawals processed 24/7, often without manual intervention.
· No deposit/withdrawal fees in most cases, though payment providers may charge.
MultiBank
MultiBank accepts:
· Credit cards (Visa, MasterCard), bank wires, Neteller, and Skrill.
· Minimum deposit starts at $50.
· Withdrawals may incur fees depending on the method, and bonus conditions can complicate withdrawals.
Verdict: Exness’s instant withdrawals and fee-free transactions give it an edge over MultiBank’s more restrictive withdrawal policies.
Customer Support and Education
Support and educational resources enhance the trading experience, especially for beginners.
Exness
· Customer Support: 24/7 support via live chat, email, and phone in 17 languages.
· Education: Blogs, YouTube videos, webinars, and market analysis. Resources are comprehensive but less extensive than some competitors.
· Demo Account: Available for practice on MT4, MT5, and proprietary platforms.
MultiBank
· Customer Support: 24/7 support via live chat, email, and phone.
· Education: Limited resources, primarily focused on platform tutorials. Social trading compensates by allowing beginners to follow experienced traders.
· Demo Account: Unlimited duration, powered by MT4, MT5, and MultiBank-Plus.
Verdict: Exness offers better educational content, while MultiBank’s social trading is a unique learning tool for novices.
Pros and Cons of Exness
Pros
· Regulated by multiple Tier-1 authorities.
· Ultra-low spreads and no inactivity fees.
· High leverage up to 1:Unlimited.
· Instant withdrawals and diverse payment options.
· User-friendly proprietary platforms.
Cons
· Limited educational resources compared to some competitors.
· High leverage may be risky for inexperienced traders.
Pros and Cons of MultiBank
Pros
· Wide range of tradable instruments.
· Social trading for passive income strategies.
· Competitive spreads on ECN accounts.
· Regulated by ASIC and DFSA.
Cons
· Higher minimum deposits for premium accounts.
· Regulatory concerns with some licenses.
· Inactivity fees and complex bonus conditions.
Which Broker Should You Choose?
The choice between Exness vs MultiBank depends on your trading style, experience level, and priorities:
· Choose Exness if:
· You’re a beginner or budget-conscious trader seeking low minimum deposits and commission-free accounts.
· You value instant withdrawals and a transparent fee structure.
· You prefer high leverage for aggressive trading strategies.
· You want a broker with a strong regulatory track record.
· Choose MultiBank if:
· You’re an experienced trader with larger capital, comfortable with higher minimum deposits.
· You want access to over 1,000 instruments for portfolio diversification.
· You’re interested in social trading to follow or share strategies.
· You prioritize tight spreads on ECN accounts.
Conclusion
Exness vs MultiBank are both reputable forex brokers with unique strengths. Exness excels in accessibility, low costs, and regulatory reliability, making it an excellent choice for beginners and high-leverage traders. MultiBank, with its extensive instrument range and social trading features, appeals to experienced traders and those seeking passive trading opportunities. By evaluating your trading goals, budget, and risk tolerance, you can determine which broker best suits your needs in 2025.
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