LegacyFX or MultiBank FX – which is better for UK traders 2024? Compare LegacyFX and MultiBank FX in this detailed breakdown of their platforms, features and fees.
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
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
24/7 multilingual customer support available across all accounts
Renowned MT4 and MT5 platforms, plus proprietary MultiBank-Plus solutions and social trading
Vast range of local payment methods with fast withdrawals within 24 hours
Global presence with 10+ regulatory licenses, including ASIC (Australia) and MAS (Singapore)
MAM, PAMM and FIX API access for high-volume or pro traders, plus EAs and VPS hosting for algorithmic trading
Cons
$5,000 minimum deposit required to access ECN spreads
Average education and market research
$60 monthly inactivity fee
Awards
Best Trading Signals Provider 2021
Broker of the Year 2021
Best STP Forex Broker 2020
Best Forex Broker in the Middle East 2019
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
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
No
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
Account Currencies
USD
EUR
GBP
CAD
AUD
JPY
ZAR
CHF
SGD
RUB
PLN
HUF
Commodities
Silver
Gold
Oil
Copper
Cocoa
Cotton
Corn
Coffee
Sugar
Wheat
Aluminium
Palladium
Zinc
Gasoline
Gold
Silver
Oil
Cocoa
Coffee
Corn
Soybeans
Copper
CFD
Trade leveraged CFDs in a range of financial markets.
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
1:200
1:500
FTSE Spread
From 1.0
Not offered
GBPUSD Spread<
From 0.5
0.8
Oil Spread
From 0.05
0.03
Stocks Spread
From 0.02
Variable
Forex
Trade FX pairs with tight spreads & leverage.
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
40+
45+
GBPUSD Spread
From 0.5
0.8
EURUSD Spread
From 0.6
0.3
EURGBP Spread
From 0.5
0.8
Cryptocurrency
Go long or short on popular cryptos against the USD and EUR
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.
