Broker comparison
MultiBank Group vs Saxo
Comparing Multibank Group and Saxo is less about finding a single winner and more about matching each broker's current terms to your own situation. Both firms may serve different regions through different legal entities, and details such as fees, product ranges and protections can vary by entity and change over time. This page gives you a verification checklist so you can gather the facts yourself from each broker's current documents rather than relying on assumptions or outdated summaries.
MultiBank Group
Current broker data
- 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.
Saxo
Current broker data
- Rating
- 4.4 / 5
- Minimum deposit
- $2,000
- Regulator labels
- Danish FSA, FCA, MAS, FINMA +3
- Markets listed
- Currencies, Stocks, ETFs, Bonds, Options and Futures +2
- Editorial status
- No current notice
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.
Step 1: Confirm the legal entity and regulator
The single most important comparison point is which regulated entity of each broker would hold your money. Client protections, available products and complaint routes depend on the entity, not the brand. Locate the entity name and licence details in each broker's legal documentation, then verify that licence on the regulator's own public register. Also check that your country of residence is accepted for the account you want, since onboarding rules differ by jurisdiction.
Key checks: Record the exact legal entity named in each broker's account agreement for your region.; Verify each licence number on the relevant regulator's official register.; Read how client money is segregated and whether any compensation scheme applies to your entity.; Confirm your residency is eligible for the specific account type before starting an application..
Step 2: Map fees and products to your own trading
Fee structures only matter in the context of what and how you trade. Download the current pricing documents from Multibank Group and Saxo and work through your expected activity: commissions or spreads on your instruments, financing or overnight charges, currency conversion, custody or inactivity fees where applicable, and funding costs. Product availability also varies, so confirm the specific markets and instruments you want are offered on the account you would actually open. The InvestorTrip reviews for each broker list the fields we track, and the compare broker tool presents them side by side.
Key checks: Build a short list of the instruments you trade and confirm each is available on your prospective account.; Estimate all-in costs for your typical trade size, including conversion and financing charges.; Check for account-level charges such as inactivity, custody or platform fees in the current fee schedule.; Review deposit and withdrawal methods, minimums and processing terms for your country..
Step 3: Evaluate platforms, support and exit terms
Once regulation and costs are mapped, test the practical experience. If demo access is available, use it to check platform stability, order types and charting against your workflow. Contact support with a real question and judge the response quality. Finally, read the client agreement sections on withdrawals, dormancy and closure so you know how to leave before you join. For any leveraged products, confirm the margin rules and risk disclosures that apply to your entity.
Key checks: Trial each platform, where possible, using the order types you rely on.; Ask each broker's support team a specific pre-sales question and compare the answers.; Read withdrawal, dormancy and account closure clauses in the client agreement.; Make a small initial deposit and complete a test withdrawal before committing larger sums..
Verdict
There is no single verdict that fits every reader. Use the checklist above, read the full Multibank Group review and Saxo review on InvestorTrip, run both firms through the compare broker tool, and confirm every deciding detail in current broker documents before you commit funds.