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MultiBank Group vs FP Trading
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, MultiBank Group currently holds a lower overall rating (4.1) compared to FP Trading (4.9).
MultiBank Group has a lower minimum deposit, at 50.0.
Both platforms offer their clients demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but MultiBank Group has a maximum lot size of 30.0, while FP Trading offers 50.0.
MultiBank Group offers a greater leverage limit of 1:1000, whereas FP Trading allows a maximum of only 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 50.0 | 100.0 |
| Commission | 0.0 | 6.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 4,5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 30.0 | 50.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Pro | ECN |
| Maximal leverage (1:?) | 1000 | 500 |
| Availability | STP, ECN, Pro | ECN |
| Regulation | FSC (British Virgin Islands), CySEC (Cyprus), BaFIN (Germany), CIMA (Cayman Islands), VFSC (Vanuatu), FSC (Mauritius), FSA (Seychelles), MAS (Singapore), TFG (China), AUSTRAC (Australia), ESCA (UAE), VARA (UAE), FMA (Austria) | FSCA (South Africa), FSC (Mauritius), FSRA (Saint Lucia), FSA (SVG) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MultiBank Plus App (Android and IOS) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Neteller, UnionPay, Skrill, Bitcoin, POLi, PayTrust, GlobePay, PayRetailers, Payment Asia, SEPA, Awe Pay | Wire Transfer, Credit Card, Debit Card, Bitcoin, Crypto, Apple Pay, Google Pay, USDT |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD | USD, GBP, EUR, CHF, CAD, PLN, AUD |
| Languages | English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Mandarin, Chinese, Polish, Indonesian, Malay, Arabic, Vietnamese, Malay, Hindi | English, Spanish, German, Italian, Greek, Russian, Mandarin, Polish, Malay, Arabic, Tamil, Bulgarian, Urdu, Hindi, Serbian, Romanian, Filipino, Tagalog |
| Country | United Arab Emirates | Saint Vincent and the Grenadines |
| Trading platform(s) timezone | United Arab Emirates, Australia, Austria, Brazil, China, Cayman Islands, Cyprus, Ireland, Gibraltar, Germany, Hong Kong, India, Mauritius, Mexico, Malaysia, Vanuatu, Philippines, Seychelles, Singapore, Spain, Taiwan, United Kingdom, United States, British Virgin Islands, Vietnam | Mauritius, South Africa, Saint Lucia, Saint Vincent and the Grenadines |
| Other trading instruments | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency, Precious Metals | Stocks, Futures, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
