MultiBank FX vs Degiro

MultiBank FX or Degiro – which is better for UK traders 2024? Compare MultiBank FX and Degiro in this detailed breakdown of their platforms, features and fees.

MultiBank FX vs Degiro Comparison Table 2024
MultiBank FX Degiro
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4.7
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2.8
MultiBank FX is ranked #58 among CFD brokers. Degiro is ranked #118 among UK brokers.
Review
Review
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.
Degiro has closed or no longer accepts UK clients.
DEGIRO is a Netherlands-headquartered broker with millions of users and authorization from leading regulators, including the BaFin and FCA. Clients can access global exchanges anytime, anywhere, and on any device. DEGIRO offers stock trading with exceptionally low fees and a huge range of markets. DEGIRO are not CFD brokers and do not offer CFDs.
Investing involves risk of loss
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
  • Low minimum deposit
  • Multiple account currencies
  • Commission-free stock trading
  • Access 50 exchanges in 30 countries
  • Beginner-friendly platform and app
  • Regulated by BaFin and FCA
  • No inactivity fee
  • 90+ global awards
  • 2+ million users
Cons
  • $5,000 minimum deposit required to access ECN spreads
  • Average education and market research
  • $60 monthly inactivity fee
  • No copy trading
  • No demo account
  • No MT4 integration
  • No CFD trading
  • Few payment methods
Awards
  • 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
  • Best Online Broker - Qualebroker 2022 (Italy)
  • Best Broker For ETFs And Investment Funds - Qualebroker 2022 (Italy)
  • Best Discount Broker - Broker Chooser 2022 (UK)
  • Best Broker For Stock Trading - Broker Chooser 2022 (UK)
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies Stocks, ETFs, Bonds, Futures, Options, Warrants
Demo Account
Yes No
Minimum Deposit
$50 $0
Payment Methods
Minimum Trade
0.1 Lots Variable
Regulator
SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC BaFin, FCA
Mobile Apps
Yes iOS, Android & Windows
iOS App Rating
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Android App Rating
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Margin Trading
No Yes
Margin Rate
4%
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
Yes No
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
Yes No
DMA Account
No Yes
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 Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Yes (APIs)
Copy Trading
Yes No
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 No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No Yes
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • CZK
Commodities
  • Gold
  • Silver
  • Oil
  • Cocoa
  • Coffee
  • Corn
  • Soybeans
  • Copper
  • Gasoline
  • Oil
  • Gold
  • Silver
  • Livestock
  • Copper
  • Aluminium
  • Cotton
  • Coffee
  • Cannabis
CFD
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. DEGIRO do not offer CFDs
Leverage
1:500
FTSE Spread
Not offered N/A
GBPUSD Spread<
0.8 N/A
Oil Spread
0.03 N/A
Stocks Spread
Variable N/A (Flat fee applies)
Forex
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. Degiro do not offer Forex trading
Assets
45+ 0
GBPUSD Spread
0.8 N/A
EURUSD Spread
0.3 N/A
EURGBP Spread
0.8 N/A
Cryptocurrency
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
Floating
Coins
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
MultiBank FX Degiro
Review
Review
Investing involves risk of loss
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