MultiBank Group vs XM: Which Is Better?
A side-by-side look at regulation, trading conditions, and fees for MultiBank Group and XM, pulled from the same data as their individual reviews.
Key Differences
- • MultiBank Group holds the higher overall rating: 6.6/10 vs 5.4/10 for XM.
- • XM has the lower minimum deposit: $5 vs $50 at MultiBank Group.
- • MultiBank Group lists more regulators: ASIC (Australia), CySEC (Cyprus), BaFin (Germany), MAS (Singapore), CMA (UAE), FSC (British Virgin Islands, offshore), CIMA (Cayman Islands, offshore), VFSC (Vanuatu, offshore) vs CySEC, DFSA, FSCA, FSC, FSA for XM.
- • Risk tier: MultiBank Group is Tier B, XM is Tier C.
Overview
Rating
6.6/10
5.4/10
Trustpilot
—
2.7/5
WikiFX Score
1.69 / 10 (low-score warning)
Average / Active
Best For
Low $50 entry with ECN and swap-free options (check your entity first)
Micro-accounts & Educational resources
Regulators
ASIC (Australia), CySEC (Cyprus), BaFin (Germany), MAS (Singapore), CMA (UAE), FSC (British Virgin Islands, offshore), CIMA (Cayman Islands, offshore), VFSC (Vanuatu, offshore)
CySEC, DFSA, FSCA, FSC, FSA
Terms & Fees
Min Deposit
$50
$5
Max Leverage
1:1000
1:1000
Spreads From
0.0 Pips
0.8 Pips
Execution Model
ECN / no dealing desk on ECN accounts; some entities hold market-maker licences
Principal Market Maker (Dealing Desk elements)
Commission
Standard and Pro: no commission. ECN: the broker's website does not state the commission; ForexBrokers.com (2025) reported about $3 per lot round turn, CompareForexBrokers (2026) lists $6 per lot, about $7 round turn. Confirm the current figure in a live account.
$0 on Standard/Micro/Ultra-Low; commission applies only on specialized Zero accounts ($3.50 per side)
Swap / Islamic
A swap-free (Islamic) account is available: the broker's site links a Swap-Free Trading Account Agreement and BrokerChooser confirms the account type. Swap rates for other accounts are not published in the sources we read.
Islamic accounts available seamlessly for clients in Islamic jurisdictions
Platforms
MT4, MT5, MB Trader (web), Social Trading
MT4, MT5, XM App
Crypto Deposits
Yes
No
Pros
What's good
- + Standard account opens from $50, with a swap-free (Islamic) account available
- + Three account types: Standard (1.5 pips, no commission), Pro (from 0.8 pips) and ECN (from 0.0 pips)
- + Entities listed with several regulators, including ASIC, CySEC, BaFin and MAS
- + MT4 and MT5 plus social/copy trading; deposits by card, bank transfer and crypto (BTC, USDT)
- + Rich educational resources
- + Leverage stability during high-impact news
Cons
Watch out for
- – Trustpilot shows no TrustScore for the company and reports of delayed or blocked withdrawals are frequent
- – WikiFX score is 1.69 out of 10, with 'frequent complaints' and 'offshore regulation' tags
- – Which regulator protects you depends on the entity your account is with; much international business runs through BVI, Cayman and Vanuatu entities
- – The broker's own risk warning says you can lose more than you deposit
- – $60 monthly inactivity fee after 90 days without trading (per ForexBrokers.com and CompareForexBrokers)
- – High minimum deposits for Pro ($1,000) and ECN ($10,000)
- – Aggressively widened spreads during volatility
- – Punitive inactivity fees
- – Withdrawal delays with local processors