7 minute read
Exness vs MultiBank: Which Forex Broker Should You Choose in 2025?
from Exness, MultiBank
If you’re diving into forex trading and trying to pick between Exness and MultiBank, you’re in the right place. Both brokers have solid reputations, but they cater to different trading styles and needs. Exness is known for its tight spreads, high leverage, and beginner-friendly accounts, while MultiBank shines with its diverse trading platforms and competitive conditions for experienced traders. So, which one’s better for you? Let’s break it down in this head-to-head comparison, covering everything from fees to platforms, regulation, and more, so you can make an informed choice.
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Why Compare Exness vs MultiBank?
Choosing a forex broker is like picking the right tool for a job—it can make or break your trading experience. Exness vs MultiBank are both heavyweights in the forex world, but they differ in key areas like spreads, account types, and regulation. Whether you’re a newbie testing the waters or a seasoned trader chasing razor-thin margins, understanding these differences is crucial. Let’s dive into the details and see how they stack up.
Overview of Exness
Exness, founded in 2008, is a global giant with over 1 million active clients and a staggering $4 trillion monthly trading volume. It’s regulated by top-tier authorities like the FCA (UK) and CySEC (Cyprus), which gives traders peace of mind. Exness is a go-to for those who value tight spreads, fast withdrawals, and a variety of account types tailored to different skill levels.
Key Features of Exness:
Spreads: Start as low as 0.0 pips on premium accounts.
Leverage: Up to 1:Unlimited (terms apply).
Platforms: MetaTrader 4, MetaTrader 5, Exness Terminal, and Exness Trade app.
Account Types: Standard, Raw Spread, Zero, and Pro accounts.
Regulation: FCA, CySEC, and six other international regulators.
Assets: Forex, CFDs, stocks, indices, commodities, and cryptocurrencies.
Exness is a favorite for its transparency, with monthly financial reports on trading volume and withdrawals. It’s also praised for 24/7 multilingual support and swap-free Islamic accounts, making it accessible to a global audience.
Overview of MultiBank
MultiBank, established in 2005, is another big player, boasting a $1.87 trillion annual trading volume and 80,000 clients worldwide. It’s regulated by authorities like ASIC (Australia) and FSC (Cayman Islands), though some concerns exist about the legitimacy of certain licenses, so caution is advised. MultiBank appeals to traders who want advanced platforms and a wide range of trading instruments.
Key Features of MultiBank:
Spreads: Start at 0.0 pips on ECN Pro accounts.
Leverage: Up to 1:500.
Platforms: MetaTrader 4, MetaTrader 5, MultiBank-Plus, Web Trader, and Social Trading.
Account Types: Maximus, MultiBank Pro, and ECN Pro.
Regulation: ASIC, FSC, and others (some licenses flagged as “suspected clones”).
Assets: Forex, CFDs, metals, indices, shares, and cryptocurrencies.
MultiBank stands out for its social trading feature, allowing beginners to copy experienced traders, and its Islamic accounts, which waive swap fees. However, its educational resources are lighter, making it less ideal for complete novices.
1. Regulation and Trustworthiness
Exness: With eight international regulators, including FCA and CySEC, Exness is a gold standard for reliability. It segregates client funds, offers negative balance protection, and publishes transparent financial reports. Traders consistently praise its fast withdrawals and secure platform.
MultiBank: Regulated by ASIC, FSC, and others, MultiBank has a strong global presence. However, some licenses are listed as “suspected clones” on platforms like WikiFX, raising red flags about their authenticity. Always verify the broker’s regulatory status before depositing large sums.
Winner: Exness. Its robust regulation and transparency make it a safer bet.
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2. Spreads and Fees
Exness: Known for ultra-tight spreads, especially on its Raw Spread and Zero accounts (starting at 0.0 pips). The Standard account, great for beginners, has no commissions and spreads from 0.3 pips. Exness also offers swap-free trading on major assets, which is a big plus for long-term traders.
MultiBank: Offers competitive spreads, with 0.0 pips on ECN Pro accounts and 0.8 pips on MultiBank Pro. However, it charges commissions on some accounts, and its bonus programs (like a 20% deposit bonus) come with strict trading requirements, which can be tough to meet. Watch out for inactivity fees, too.
Winner: Exness. Its lower spreads and commission-free Standard account make it more cost-effective for most traders.
3. Trading Platforms
Exness: Supports MetaTrader 4 and 5, plus its proprietary Exness Terminal and Trade app. These platforms are user-friendly, packed with analytical tools, and support one-click trading, trailing stops, and pending orders. The mobile app integrates TradingView charts, a bonus for technical traders.
MultiBank: Offers MetaTrader 4, MetaTrader 5, MultiBank-Plus, Web Trader, and a Social Trading platform. The variety is impressive, especially for social trading enthusiasts who want to copy successful traders. However, the MultiBank-Plus platform may feel complex for beginners.
Winner: Tie. Exness is simpler for beginners, while MultiBank’s social trading and platform variety appeal to advanced traders.
4. Account Types
Exness: Offers four main accounts:
Standard: No commissions, ideal for beginners.
Raw Spread: Tight spreads with low commissions.
Zero: Zero spreads with per-trade commissions.
Pro: Low spreads and tailored support for high-volume traders.
These accounts cater to all experience levels, with demo accounts available for practice.
MultiBank: Provides three accounts:
Maximus: Low minimum deposit ($50), suited for beginners.
MultiBank Pro: Tighter spreads, $1,000 minimum deposit.
ECN Pro: Raw spreads, $10,000 minimum deposit, best for professionals.
MultiBank’s higher minimum deposits for advanced accounts may deter some traders.
Winner: Exness. Its range of accounts is more accessible, especially for beginners.
5. Leverage
Exness: Offers up to 1:Unlimited leverage (with conditions), which is a game-changer for experienced traders. However, high leverage comes with high risk, so use it wisely.
MultiBank: Caps leverage at 1:500, which is still generous but less flexible than Exness. It’s sufficient for most trading strategies but may not satisfy aggressive traders.
Winner: Exness. Its unlimited leverage gives it an edge for risk-tolerant traders.
6. Asset Selection
Exness: Covers forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Its focus on currency pairs is a strength, but the range of non-forex assets is solid, too.
MultiBank: Offers over 1,000 instruments, including forex, metals, shares, indices, and crypto. Its broader selection makes it ideal for traders looking to diversify.
Winner: MultiBank. Its extensive asset range gives traders more options.
7. Customer Support
Exness: Provides 24/7 support in 14+ languages via live chat, email, and phone. Traders rave about its responsiveness and helpfulness, though some report occasional live chat timeouts.
MultiBank: Offers 24/7 technical support, but its reputation for customer service is less consistent. Some traders report delays or less personalized responses.
Winner: Exness. Its multilingual, round-the-clock support is a standout.
Who Should Choose Exness?
Exness is perfect if you:
Are a beginner looking for a low-cost, user-friendly platform.
Want tight spreads and no commissions on a Standard account.
Value top-tier regulation and transparency.
Need flexible leverage for high-risk strategies.
Prefer fast withdrawals and 24/7 support.
Who Should Choose MultiBank?
MultiBank is ideal if you:
Are an experienced trader seeking advanced platforms like MultiBank-Plus.
Want to explore social trading to copy successful traders.
Need a wider range of trading instruments.
Are comfortable with higher minimum deposits for premium accounts.
Can verify the broker’s regulatory status to avoid risks.
Final Verdict: Exness Takes the Lead, But It Depends on Your Needs
Exness edges out MultiBank for most traders due to its superior regulation, lower fees, and beginner-friendly accounts. Its tight spreads, unlimited leverage, and reliable support make it a versatile choice for both newbies and pros. However, MultiBank is a strong contender if you prioritize diverse assets and social trading features, provided you’re cautious about its regulatory concerns.
Before deciding, test both brokers with demo accounts to see which platform vibes with your trading style. Always check the latest regulatory updates, especially for MultiBank, to ensure your funds are safe.
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
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