Equiti vs MultiBank FX
Equiti or MultiBank FX – which is better for UK traders 2024? Compare Equiti and MultiBank FX in this detailed breakdown of their platforms, features and fees.
| Equiti | MultiBank FX |
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| Equiti is ranked #92 among CFD brokers. | MultiBank FX is ranked #65 among CFD brokers. |
| Equiti is an international STP brokerage, with built-in analysis tools and a wide range of CFD and forex markets. The broker also offers sky-high leverage rates of up to 1:2000 and is regulated offshore for retail traders by the Seychelles FSA, among other tier-2 authorities. | MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| Yes | No |
| Instruments | |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies | Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $500 | $50 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.1 Lots |
| Regulator | |
| FSA, JSC, CMA, SCA, CBA, FCA | SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC |
| Mobile Apps | |
| Yes | Yes |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | No |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| No | Yes |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes (APIs) |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Build a diverse portfolio while learning from experienced investors and saving time on market research. | |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Yes | Yes |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | Yes |
| Commodities | |
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| CFD | |
| The broker's CFD range encompasses all my favorites: forex, US, UK and European stocks, international ETFs, energy commodities, global stock indices and cryptos. They're all available with competitive ECN conditions from within the MT4 or MT5 trading platforms. | Access thousands of CFDs with competitive pricing and leverage up to 1:500. A range of asset classes are available, including currencies, shares, indices, metals and commodities. CFDs can be traded on the market-leading MetaTrader platforms. |
| Leverage | |
| 1:500 | 1:500 |
| FTSE Spread | |
| 1.2 | Not offered |
| GBPUSD Spread< | |
| 0.2 | 0.8 |
| Oil Spread | |
| 0.028 | 0.03 |
| Stocks Spread | |
| Variable | Variable |
| Forex | |
| During my testing, I uncovered nearly 70 foreign exchange CFDs - not a bad line-up compared to other brokers I review. The broker’s STP execution model means that execution times for me are generally quite low and spreads are competitive, starting from 0.0 pips. | MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted. |
| Assets | |
| 65 | 45+ |
| GBPUSD Spread | |
| 0.2 | 0.8 |
| EURUSD Spread | |
| 1.6 | 0.3 |
| EURGBP Spread | |
| 0.9 | 0.8 |
| Cryptocurrency | |
| I’m pretty happy with Equiti’s 1:10 leverage and spreads from $5 on popular crypto pairs like BTCUSD. Savvy clients can also utilize the broker's signals and market news to get crypto trade ideas and keep abreast of industry developments. | Trade a selection of the top cryptos against the US Dollar, including Bitcoin, Polkadot and Stellar with 50% leverage. Traders also benefit from fast execution speeds of <20ms. |
| Spread | |
| Variable | Floating |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Equiti | MultiBank FX |
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