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MultiBank Group vs OvalX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, MultiBank Group currently holds a stronger overall rating (4.1) than OvalX (1).
MultiBank Group has a lower minimum deposit, at 50.0.
Both platforms offer their clients demo accounts.
MultiBank Group offers a greater leverage limit of 1:1000, whereas OvalX allows a maximum of only 1:275.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 50.0 | 250.0 |
| Commission | 0.0 | - |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 30.0 | - |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Pro | STP, DMA, Prime of Prime |
| Maximal leverage (1:?) | 1000 | 275 |
| Availability | STP, ECN, Pro | STP, DMA, Prime of Prime |
| Regulation | FSC (British Virgin Islands), CySEC (Cyprus), BaFIN (Germany), CIMA (Cayman Islands), VFSC (Vanuatu), FSC (Mauritius), FSA (Seychelles), MAS (Singapore), TFG (China), AUSTRAC (Australia), ESCA (UAE), VARA (UAE), FMA (Austria) | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MultiBank Plus App (Android and IOS) | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Neteller, UnionPay, Skrill, Bitcoin, POLi, PayTrust, GlobePay, PayRetailers, Payment Asia, SEPA, Awe Pay | Wire Transfer, Credit Card, Debit Card |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD | GBP |
| Languages | English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Mandarin, Chinese, Polish, Indonesian, Malay, Arabic, Vietnamese, Malay, Hindi, Turkish | English |
| Country | United Arab Emirates | Cyprus |
| Trading platform(s) timezone | United Arab Emirates, Australia, Austria, Brazil, China, Cayman Islands, Cyprus, Ireland, Gibraltar, Germany, Hong Kong, India, Mauritius, Mexico, Malaysia, Vanuatu, Philippines, Seychelles, Singapore, Spain, Taiwan, United Kingdom, United States, British Virgin Islands, Vietnam | United Kingdom |
| Other trading instruments | Stocks, Indices, Commodities, Energies, Shares, Cryptocurrency, Precious Metals | Indices, Spread Betting |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
