Written by ForexBrokers.com
In this head to head comparison of Fineco vs MultiBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Fineco, established in 1999, stands out as a dependable choice for online brokerage services. As a publicly traded bank, Fineco benefits from added credibility and transparency. With two Tier-1 licenses, it aligns with high trust standards and is considered highly trusted with a Trust Score of 94 out of 99 by ForexBrokers.com. The firm does not hold any Tier-2 licenses, but its bank status and strong Trust Score offer reassurance for potential clients.
MultiBank, founded in 2005, is not publicly traded and does not operate as a bank, yet it still provides a reliable service in the online brokerage industry. MultiBank holds three Tier-1 licenses, highlighting its strong regulatory standing, and one Tier-2 license, further solidifying its position as a trusted broker. With a Trust Score of 84, it ranks as a trusted entity according to ForexBrokers.com, making it a viable option for those seeking a well-regulated trading platform.
| Feature |
Fineco
|
MultiBank
|
|---|---|---|
| Year Founded | 1999 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing commissions and fees between Fineco and MultiBank, notable differences emerge. Fineco does not publicly share average spread data for forex and CFD trading, making it challenging to pinpoint accurate trading costs. Although Fineco advertises a 1 pip spread for EUR/USD, this is higher than what most forex brokers typically offer, and the lack of an average value or date range adds to the uncertainty. On a brighter note, Fineco's index CFDs appear to have competitive spreads. Fineco holds a 3.5-star rating and ranks 51st out of 63 brokers in the commissions and fees category according to ForexBrokers.com.
MultiBank presents a clearer structure with three distinct account types for forex and CFD trading: Standard, Pro, and ECN. The Standard account is designed for beginners with a low $50 minimum deposit, but it comes with higher spreads, while the Pro account, requiring a $1,000 deposit, offers lower spreads. The ECN account features the tightest spreads and a round-trip commission of $3 per trade, though it demands a $10,000 deposit. Additionally, MultiBank charges an inactivity fee of $60 per month if the account remains inactive for 90 days. MultiBank holds a 4-star rating and is ranked at #38 out of 63 brokers in the commissions and fees category by ForexBrokers.com.
| Feature |
Fineco
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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Fineco and MultiBank both offer forex trading either as contracts for difference (CFDs) or spot contracts, catering to traders and investors interested in currency markets. Fineco sets itself apart with an extensive offering of 9,770 tradeable symbols, while MultiBank provides access to 1,042 symbols. When it comes to forex pairs, Fineco offers 54, compared to 40 available through MultiBank. A significant advantage for Fineco users is the ability to invest in actual exchange-traded securities on U.S. and international exchanges, allowing for direct investments in companies like Apple and Vodafone, a feature MultiBank lacks.
Moreover, Fineco's comprehensive range of investments earns it a 4.5-star rating for its variety, placing it 16th out of 63 brokers ranked by ForexBrokers.com. On the other hand, MultiBank, which does offer features like copy trading and the ability to invest in both actual and derivative cryptocurrencies, is rated 4 stars, ranking it 37th in the same category. While both brokers offer unique strengths, individuals seeking a broader selection of tradeable symbols and direct investment in exchange-listed stocks may find Fineco to be a more versatile option.
| Feature |
Fineco
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1042 |
| Forex Pairs (Total) | 54 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | Yes |
| Cryptocurrency (Derivative) | No | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
In comparing the trading platforms of Fineco and MultiBank, potential investors will notice some key differences in their offerings. Fineco provides a proprietary, in-house developed platform that is available as both a Windows-based desktop platform and a web-based interface. However, Fineco lacks features like simulated trading, copy trading, and the popular MetaTrader 4 and 5 platforms, which may limit options for traders looking to start with a virtual demo or those who prefer these widely used trading platforms. Although it includes seven drawing tools for charting, Fineco does not offer direct trading from stock charts or extensive watchlist customization, factors that may affect the trading experience for some users.
Alternatively, MultiBank stands out with a broader array of features, including a free virtual demo account for practice trading and the availability of both MetaTrader 4 and 5, which are favored by many traders for their comprehensive tools. MultiBank also supports copy trading, providing opportunities to mimic successful trades. Users can trade directly from stock charts and access a more extensive set of drawing tools, 17 in total, as well as customizable watchlists with seven fields. Both brokers are positioned well, each holding a 4-star rating for their trading platforms and tools. However, Fineco is ranked higher at #18 compared to MultiBank's #39 in the ForexBrokers.com ranking, highlighting Fineco's more narrowly focused but well-regarded platform offerings.
| Feature |
Fineco
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 38 |
| Charting - Drawing Tools (Total) | 7 | 17 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Fineco and MultiBank provide iPhone and Android apps, crucial for traders who want to manage their investments on the go. Each app allows users to receive stock and forex price alerts, ensuring they are always informed of market movements. However, neither broker offers the convenience of syncing watchlists between mobile and online platforms. When it comes to charting features, MultiBank offers significantly more technical studies, boasting 30 compared to Fineco's 6. Additionally, MultiBank enhances its charting experience with the ability to draw trendlines and automatically save chart drawings, features absent in the Fineco app.
Time frame flexibility within charts is available on both platforms, which allows traders to view daily, weekly, or intraday movements. Another advantage for MultiBank users is the ability to create watchlists with real-time quotes, a feature not found in Fineco's mobile app. Despite these differences, both apps receive a solid user rating of 4 out of 5 stars. According to ForexBrokers.com, MultiBank holds a slightly higher ranking in the mobile trading app category, coming in at #41, just ahead of Fineco, which occupies the #42 spot.
| Feature |
Fineco
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When considering market research capabilities, both Fineco and MultiBank deliver essential features but differ in their offerings and ratings. Neither broker provides daily market commentary or integrates technical analysis tools from well-known companies like Autochartist or Trading Central. However, they both offer forex news from reputable sources such as Bloomberg, Reuters, and Dow Jones, which can aid traders in making informed decisions. Additionally, both Fineco and MultiBank provide access to an economic calendar filled with current and upcoming global news events, allowing investors to stay updated on economic changes worldwide.
Although these brokers share some similarities, their overall research effectiveness is reflected in their ratings and rankings. Fineco is rated slightly higher with 4.0 out of five stars, compared to MultiBank's 3.5 stars. According to ForexBrokers.com, Fineco holds the 33rd position in the Research category out of 63 brokers, indicating a stronger research capability relative to MultiBank, which ranks 49th. This makes Fineco a marginally better choice for those who prioritize research services in their trading platform.
| Feature |
Fineco
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Fineco and MultiBank for their educational offerings aimed at beginners, both brokers present distinct advantages. Fineco provides a rich selection of beginner videos covering essential trading topics, accompanied by online webinars conducted monthly. These live sessions are supplemented by an investor dictionary, which explains over 50 investing terms. In contrast, while MultiBank does not hold regular webinars, it compensates with an extensive collection of materials focused on forex and CFDs, ensuring beginners have at least ten educational pieces to enhance their learning journey.
Both brokers deliver a comparable range of beginner-friendly videos, yet neither offers a searchable archive of past webinars or advanced educational content. Fineco’s educational efforts earn it a higher rating of 4.0 stars, compared to MultiBank’s 3.5 stars, with Fineco ranked slightly higher in the education category among 63 brokers. Choosing between Fineco and MultiBank for educational resources depends on your preference for regular live webinars and a comprehensive investing dictionary or a more substantial focus on forex and CFD education.
| Feature |
Fineco
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than MultiBank. Fineco finished with an overall rank of #25, while MultiBank finished with an overall rank of #40.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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MultiBank
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 84 |
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Fineco does not offer the ability to buy actual delivered cryptocurrency or cryptocurrency derivatives, whereas MultiBank provides options for purchasing both actual delivered cryptocurrencies and cryptocurrency derivatives.
Fineco and MultiBank both support ACH and SEPA transfers, as well as bank wires for deposits and withdrawals; however, Fineco does not support PayPal, Skrill, or Visa/Mastercard, whereas MultiBank offers Skrill and Visa/Mastercard options but not PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Fineco | MultiBank | |
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| Trust Score | 94 | 84 | |
| Winner | check_circle | ||
| Review | Fineco Review | MultiBank Review |
| Broker Screenshots | Fineco | MultiBank | |
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| Regulation | Fineco | MultiBank | |
|---|---|---|---|
| Trust Score | 94 | 84 | |
| Year Founded | 1999 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Fineco | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Fineco | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1042 | |
| Forex Pairs (Total) | 54 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| Cryptocurrency (Derivative) | No | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Fineco | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Fineco | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 38 | |
| Charting - Drawing Tools (Total) | 7 | 17 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Fineco | MultiBank | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Fineco Review | MultiBank Review |
| Overall | Fineco | MultiBank | |
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| Trust Score | 94 | 84 | |
| Winner | check_circle | ||
| Review | Fineco Review | MultiBank Review |
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