Independent broker research
027Vol. IVJuly 10, 2026
Independent broker research

Broker comparison

FOREX.com vs MultiBank Group

Comparing Forex Com and Multibank Group is less about picking a winner and more about matching verified facts to your own situation. Both brands operate through multiple entities, and the terms you receive depend on which one accepts your application. This checklist covers the regulation, cost and platform questions to answer from primary documents, with links to the full InvestorTrip reviews and the interactive comparison tool.

FOREX.com vs MultiBank Group cover image

FOREX.com

Current broker data

Review
Rating
4.6 / 5
Minimum deposit
$100
Regulator labels
CIRO, CySEC, NFA, CFTC +5
Markets listed
Forex, Indices, Cryptocurrency, Commodities, Energy +3
Editorial status
No current notice

MultiBank Group

Current broker data

Review
Rating
4.4 / 5
Minimum deposit
$50
Regulator labels
ASIC, AUSTRAC, BAFIN, CIMA +10
Markets listed
Forex, CFDs on Metals, CFDs on Shares, CFDs on Indices, CFDs on Commodities +1
Editorial status
Editorial notice

Editorial notice

MultiBank Group and MEX Exchange both operate under ASIC license 416279, held by MEX Australia Pty Ltd (issued 20 March 2012; ACN 155 084 058; registered in Sydney NSW). These two brokers are corporate-linked under shared regulatory coverage rather than independent alternatives.

How to read this comparison

The facts below come from InvestorTrip's current broker database and linked review pages. They are a screening aid, not a claim that a broker is available, cheaper or safer for every country, account type or legal entity.

Start with entities, regulation and eligibility

Before weighing spreads or platforms, establish which legal entity of Forex Com and which entity of Multibank Group would open your account. Entity-level rules decide your maximum leverage, whether negative balance protection applies, how client money is held and where complaints are heard. Verify each licence on the regulator's official register and read the client agreement for the specific entity, since terms can differ meaningfully between regions served under the same brand.

Key checks: Identify the onboarding entity and licence number in each broker's terms for your country.; Confirm the licence on the regulator's public register directly.; Compare leverage caps, client money rules and negative balance policies by entity.; Note the complaint and dispute route available to clients of each entity..

Verify total trading costs, not headline numbers

A meaningful cost comparison requires current documents gathered under matching conditions. Pull the fee schedules for the same account type at Forex Com and Multibank Group on the same day, and cover the full picture: spreads, any commissions, overnight financing, currency conversion, and non-trading fees such as withdrawals or inactivity. If you hold positions overnight, swap rates can outweigh spread differences, so record them for the instruments you actually trade rather than examples chosen by marketing pages.

Key checks: Collect current fee schedules from both brokers for identical account types.; Record swap and financing rates for your typical overnight positions.; Include withdrawal, conversion and inactivity fees in the totals you compare.; Get written confirmation from support for anything that is ambiguous..

Test platforms and instrument coverage yourself

Do not assume either broker offers a specific platform, market or feature until you confirm it for your region, because lineups change and availability differs by entity. Where demo accounts are offered, test both brokers with your real routine: chart the markets you follow, place the order types you use, and check mobile behaviour during your normal sessions. The Forex Com review and Multibank Group review list every field worth comparing, and the compare broker tool walks through them step by step.

Key checks: Confirm currently supported platforms and account types for your country.; Check that your target instruments are offered with acceptable contract specifications.; Run a demo test at both brokers during the hours you normally trade, where available.; Complete your checklist with the linked reviews and the compare broker tool..

Verdict

Neither Forex Com nor Multibank Group can be named a universal choice. The useful output of this comparison is a verified shortlist: the entity that would serve you at each broker, a like-for-like cost sheet built from current documents, and hands-on platform impressions from demo testing where available. Pick the broker whose confirmed terms match your plan, using the linked reviews and compare tool to close any remaining gaps.