FXTM or MultiBank FX – which is better for UK traders 2025? Compare FXTM and MultiBank FX in this detailed breakdown of their platforms, features and fees.
FXTM, founded in 2011, is a forex and CFD broker operating worldwide. Regulated by top authorities such as the FCA, it provides a secure trading environment. With over 1,000 markets and three account types, FXTM accommodates traders of all experience levels.
MultiBank FX, a reputable broker since 2005, provides forex and CFD products. With over 20,000 instruments, numerous local payment options, and round-the-clock multilingual support, it is favoured by traders worldwide. New clients benefit from bonus offers and can use the popular MT4 and MT5 trading platforms.
Pros
FXTM’s UK division provides exceptional client safeguards, including top-tier coverage of up to $1 million per client and segregated accounts, reinforcing security for traders with substantial balances.
FXTM stands out as a leading MetaTrader brokerage, offering custom MT4 tools like a Pivot Point Indicator, Pip Value Calculator, and Spread Indicator for more accurate trading.
FXTM offers an impressive selection of payment options, with a focus on local solutions in Africa and Asia such as M-Pesa and TC Pay Wallet. E-wallet withdrawals are processed rapidly, often within 30 minutes, accommodating traders needing swift fund access.
FXTM’s Advantage and Advantage Plus accounts provide tight spreads starting at 0.0 pips and charge low or zero commissions, tailored for traders aiming to reduce expenses.
Round-the-clock multilingual customer support is accessible for all accounts.
Esteemed MT4 and MT5 platforms, along with exclusive MultiBank-Plus solutions and social trading features, offer robust trading opportunities.
A wide selection of local payment options allows withdrawals to be processed swiftly, typically within 24 hours.
Possessing over ten regulatory licences globally, including those from ASIC in Australia and MAS in Singapore.
MAM and PAMM accounts, along with FIX API, cater to high-volume or professional traders. Additionally, there is support for algorithmic strategies through EAs and VPS hosting.
Cons
FXTM is well-regulated in the UK, but this coverage isn't global. Therefore, although negative balance protection is available, traders outside the UK might face limited options for resolving disputes.
FXTM's educational resources, including its insightful e-books, have significantly improved. However, these materials are predominantly aimed at novices, which may not attract seasoned traders.
FXTM provides only MetaTrader 4/5 for desktop trading, lacking a bespoke platform such as eToro's for a tailored experience. MetaTrader 4/5 is becoming outdated for active traders.
FXTM specialises in CFDs and a select range of stocks but does not offer ETFs, options, or futures. This may restrict diversification for traders aiming to explore various market opportunities.
FXTM imposes a $10 inactivity fee following just three months without trading. This is shorter than the period many brokers offer and might frustrate those who do not trade regularly.
FXTM Invest, a user-friendly copy trading app, offered comprehensive performance statistics and risk assessments for Strategy Managers. However, it was discontinued in 2024, restricting passive traders' options.
A minimum deposit of $5,000 is necessary to access ECN spreads.
Trader's average educational background and comprehension of market trends are crucial. Traders must be well-versed in market analysis and trends to succeed. Adequate training empowers traders with essential insights. Understanding the marketplace is vital for effective decision-making.
£60 monthly fee for inactivity
Awards
Best Trading Experience 2021 - World Finance Awards
Best Online Leveraged Trading Services 2021 - Global Business Awards
Best Forex Education Partner Nigeria 2021 - World Business Outlook
Best Trading Experience 2020 - World Finance Awards
Best ECN Broker 2020 - DayTrading.com
Best Gold Broker 2023 - FX Empire
Best Forex Broker 2023 - Fintech & Crypto Summit Bahrain
Chairman Of The Year 2023 - Le Fonti Awards Dubai
Leading Financial Derivatives Institution 2023 - Le Fonti Awards Dubai
The Most Trusted Broker In The Middle East 2023 - Ultimate Fintech
Best Broker Of The Year 2022 - Traders Union
Best Globally Recognized Forex Broker 2022 - Forex Expo Dubai
Best Crypto Broker Asia & Europe 2022 - Global Brands Magazine
Best Financial Derivatives Broker Asia & Europe 2022 - Global Brands Magazine
Best Global Broker 2022 - Pan Finance
Best Global Forex Chairman Of The Year 2022 - Global Business Review Magazine
Best New Global Asset Digital Exchange - MultiBank Crypto Exchange 2022 - Global Business Review Magazine
The 50 Most Influential Figures In Global Financial Markets 2022 - Forex Traders Summit Dubai
Best Global Crypto Broker 2021 - Forex Expo Dubai
Bets Global Broker 2021 - Finance Magnates
Best Broker MENA 2021 - Finance Magnates
Best Broker Africa 2021 - Finance Magnates
Best Broker LATAM 2021 - Finance Magnates
Most Trusted Global Broker 2021 - Global Business Review Magazine
The 50 Most Influential Figures In Global Financial Markets 2021 - Forex Traders Summit Dubai
Best FX Service Provider 2020 - International Business Magazine
Best FX Customer Service 2020 - Forex Awards
Best Apac Region Broker 2020 - International Financial Awards
Best Forex & CFD Broker 2019 - Jordan Forex & Expo Awards
Financial Services Provider of the Year Asia 2019 - Global Brands Magazine
Best Forex Trading Platform Hong Kong 2018 - International Finance Magazine
FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the broker also supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.
iOS App Rating
4.8
5
Android App Rating
4.4
4.2
Margin Trading
Yes
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
Yes
No
ECN Account
Yes
Yes
DMA Account
No
No
MAM Account
Yes
No
PAMM Account
Yes
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
Yes
No
Market Maker
Yes
Yes
P2P Trading
No
No
Spot Trading
Yes
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Yes (APIs)
Copy Trading
No
Yes
Copy Trading Platform
Clients at MultiBank FX can begin trading effortlessly in three straightforward steps. Access successful global traders online and diversify your investment portfolio. Learn from seasoned investors and save time on market analysis.
Social Trading
No
Yes
Trade Signals
Yes
Yes
VPS Hosting
Yes
No
Tournaments
No
No
Demo Competitions
No
Yes
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$10
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
NGN
Commodities
Gold
Silver
Natural Gas
Oil
Precious Metals
Gold
Silver
Oil
Cocoa
Coffee
Corn
Soybeans
Copper
CFD
FXTM provides CFDs in over 600 instruments, including forex, stocks, commodities, indices, and location-dependent crypto, with recently reduced spreads. Experienced traders can access industry-leading leverage of up to 1:3000 via Exinity Ltd, enhancing potential returns but requiring careful risk management.
Access numerous CFDs with competitive pricing and leverage up to 1:500. Trade across various asset classes such as currencies, shares, indices, metals, and commodities. Utilise the market-leading MetaTrader platforms for trading.
Leverage
1:30
1:500
FTSE Spread
0.8
Not offered
GBPUSD Spread<
0.1
0.8
Oil Spread
5.0
0.03
Stocks Spread
0.1
Variable
Forex
FXTM excels with a robust offering of more than 60 currency pairs, outperforming rivals such as AvaTrade. Its six currency indices provide traders with excellent options for forex diversification. Additionally, the ECN account delivers ultra-competitive spreads from 0 pips on major currencies and features attractively low commission rates of only $3.50 per lot.
MultiBank FX provides trading on over 50 currency pairs, including major, minor, and exotic ones. The broker boasts tighter spreads compared to many rivals and offers higher leverage than most others. Automated trading strategies are allowed.
Assets
60+
45+
GBPUSD Spread
0.1
0.8
EURUSD Spread
0.0
0.3
EURGBP Spread
0.0
0.8
Currency Indices
USD
EUR
GBP
JPY
AUD
NZD
Cryptocurrency
Trade cryptocurrency CFDs on 11 popular digital tokens like Bitcoin, Avalanche, and Dogecoin. Benefit from competitive floating spreads and low minimum lot sizes starting at 0.01, ideal for both new traders and seasoned investors.
Trade leading cryptocurrencies, such as Bitcoin, Polkadot, and Stellar, against the US Dollar with 50% leverage. Enjoy execution speeds of under 20 milliseconds for swift transactions.
