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Do you want to know which is the better broker between MultibankFX and Vipotor ?
In the table below, you can compare the features of MultibankFX , Vipotor side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of multibankfx, vipotor lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Note: For some unknown reason, we cannot open MultibankFXs official site (https://www.multibankfx.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
MultibankFX, a trading name of MEX Group Worldwide Limited, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with over 1,000+ tradable financial instruments with leverage capped at 1:500 and variable spreads from 0.0 pips on the leading MetaTrader4 and MetaTrader5 trading platforms, as well as a choice of three different live account types.
As for regulation, it has been verified that MultibankFX has four different licenses, but they are all suspicious clone, that is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.42/10. Please be aware of the risk.
Field Survey
The investigators went to London, UK, to visit the foreign exchange dealer MultibankFX as planned. However, they did not find the dealers office at the publicly displayed address. The dealer may just borrow the address to register the company without a real business place. Investors are advised to choose the dealer carefully.
Market Instruments
MultibankFX advertises that it offers access to more than 1,000 trading instruments in financial markets, including forex pairs and CFDs on indices, commodities, precious metals and shares.
Account Types
MultibankFX claims to offer three types of trading accounts, namely Maximus, MultiBank Pro and ECN Pro. The minimum initial deposit amount is $50 for the Maximus account, while the other two account types have much higher minimum initial capital requirements of $1,000 and $5,000 respectively.
Leverage
The leverage offered by MultibankFX is capped at 1:500, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
MultibankFX claims that different account types can enjoy quite different spreads. Specifically, the spread on the Maximus account starts from 1.4 pips, the MultiBank Pro account has spread from 0.8 pips, while only the ECN Pro account holders can enjoy raw spreads from 0.0 pips. These spreads are all below the industry average of 1.5 pips.
Trading Platform Available
Platforms available for trading at MultibankFX are said to be the industry-standard MetaTrader4 and MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
MultibankFX says to accept payments with credit cards like Visa and MasterCard, bank wire, Neteller and Skrill. The minimum initial deposit requirement is said to be only $50.
Bonuses & Fees
MultibankFX claims to offer all kinds of bonuses, covering the 100% bonus, the 20% bonus, Imperial bonus and Refer a Friend bonus. Just take the 20% bonus as an example: the minimum deposit required for it is $1,000. Clients who wish to withdraw $200 of their bonus must trade 80 lots for every $200 they wish to withdraw. Additionally, clients must complete the trading requirements within 90 days of receiving the bonus. Clients who fail to meet the deadline will only receive a percentage of the bonus.
In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Also, the broker also charges an inactivity fee. If a trading account stays inactive for 3 months, a monthly fee of $60 will be charged. However, other licensed brokers give a grace period of 6 months or even 1 year.
Customer Support
MultibankFX‘s customer support can be reached by telephone: +44 203 953 8381 (English), +62 02129264151 (Indonesian), +351 304 500 657 (Portuguese), +400 120 8619 (Chinese), +49 69 257377474 (German), +1 833 291 1788 (French), +7 499 609 46 73 (Russian), +34 931 220 671 (Spanish), +84 28 44581652 (Vietnamese), email: cs@multibankfx.com, cncs@multibankfx.com, cs.mys@multibankfx.com. You can also follow this broker on social media platforms such as Twitter, Facebook, Instagram, YouTube and LinkedIn. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Aspect | Information |
Company Name | VIPOTOR |
Registered Country/Area | Malta |
Founded Year | 2019 |
Regulation | Unauthorized by NFA |
Minimum Deposit | $100 |
Maximum Leverage | Up to 1:100 |
Spreads | Starting from 1.1 pips |
Trading Platforms | MT4 |
Tradable Assets | Forex exchange, forex exchange options, CFDs |
Account Types | Standard, Premium, Prime account |
Customer Support | English phone: +356 2778 1919, Email: services@Vipotor.com |
Deposit & Withdrawal | Wire Transfer, Debit/Credit Cards, Skrill, Neteller |
Educational Resources | Limited educational resources |
VIPOTOR, founded in Malta in 2019, is an online trading platform offering a diverse range of market instruments, including forex exchange, forex exchange options, and CFDs. The platform supports the popular MetaTrader 4 (MT4) trading platform, offering traders a user-friendly interface and comprehensive charting tools.
However, it's important to note that VIPOTOR is unauthorized by the National Futures Association (NFA) in the United States, raising concerns about regulatory oversight and user protection.
VIPOTOR is unauthorized by the regulatory authority, the National Futures Association (NFA), in the United States. It holds a Common Financial Service License with License No. 0538884 and operates under the name VIPOTOR WEALTH LTD. It's crucial to emphasize that VIPOTOR's regulatory status is“Unauthorized.”
Traders should exercise extreme caution and conduct comprehensive research before engaging in trading activities with unauthorized entities.
Pros | Cons |
Diverse range of market instruments | Unauthorized by the regulatory authority |
Provides the popular MT4 trading platform | Lack of comprehensive educational resources |
Offers various deposit methods | |
Competitive spreads | |
Leverage of up to 1:100 |
Pros:
Diverse Range of Market Instruments: The platform provides a variety of market instruments, such as forex exchange, forex exchange options, and CFDs. This broad range caters to different trading preferences and strategies.
MT4 Trading Platform: VIPOTOR supports the widely acclaimed MetaTrader 4 (MT4) trading platform. MT4 is known for its user-friendly interface, comprehensive charting tools, and technical analysis capabilities, making it a popular choice among traders.
Various Deposit Methods: VIPOTOR offers multiple deposit methods, including wire transfers, debit/credit cards, and e-wallets. This variety ensures convenience and flexibility for traders when funding their accounts.
Competitive Spreads: VIPOTOR provides competitive spreads, particularly on major currency pairs. Competitive spreads can help traders optimize their trading costs, potentially leading to more profitable trades.
Leverage of up to 1:100: The platform offers leverage of up to 1:100. Leverage allows traders to control larger positions with a relatively small amount of capital. This can amplify potential profits, but it also comes with increased risk.
Cons:
Unauthorized Regulatory Status: VIPOTOR lacks authorization from a reputable regulatory authority. This raises concerns about transparency, oversight, and user protection.
Lack of Comprehensive Educational Resources: VIPOTOR's educational resources are limited, which can be a drawback for traders seeking in-depth knowledge and skill development.
VIPOTOR provides its clients with a diverse range of trading assets across various categories, allowing traders to explore a wide array of investment opportunities:
Forex Exchange: VIPOTOR offers access to the foreign exchange market, commonly known as forex trading. Clients can trade major currency pairs like EUR/USD, GBP/USD, USD/JPY, and numerous exotic currency pairs.
Forex Exchange Options: In addition to spot forex trading, VIPOTOR provides clients with the opportunity to engage in forex exchange options trading.
Contract for Difference (CFD) Products: VIPOTOR also offers a range of CFD products, which include various assets such as indices, commodities, stocks, and cryptocurrencies. Traders can speculate on the price movements of these underlying assets without owning them physically.
VIPOTOR offers three distinct account types to accommodate traders of various experience levels and preferences.
Standard Account: This entry-level account provides traders with leverage of up to 1:100, allowing them to amplify their positions. The spread on major pairs is competitive at 1.7 pips, making it suitable for those who want cost-effective trading conditions. Additionally, there are no commissions associated with this account type, making it attractive for traders looking to keep trading costs low. The minimum deposit requirement for a Standard Account is $100, making it accessible to a wide range of traders. You can trade on this account using the popular MT4 trading platform.
Premium Account: With a minimum deposit of $500, the Premium Account offers the same leverage of up to 1:100 as the Standard Account. However, traders benefit from slightly tighter spreads, with major pairs having a spread of 1.4 pips.
Prime Account: For experienced traders and those looking for the tightest spreads and the highest leverage, the Prime Account is a suitable choice. It requires a minimum deposit of $5,000 and provides leverage of up to 1:100. The spreads are notably low, with major pairs having a spread of just 1.1 pips.
Account Type | Standard | Premium | Prime |
Leverage | Up to 1:100 | Up to 1:100 | Up to 1:100 |
Spread | 1.7 pips | 1.4 pips | 1.1 pips |
Commission | None | None | None |
Minimum Deposit | $100 | $500 | $5,000 |
Trading Tool | MT4 | MT4 | MT4 |
Customer Support | 24/7 | 24/7 | 24/7 |
Opening an account with VIPOTOR is a straightforward process. Here are the five steps to guide you through the procedure:
Visit the VIPOTOR Website: Start by visiting the official VIPOTOR website (https://www.Vipotor.com/).
Registration: You'll be prompted to provide your personal information, including your full name, email address, phone number, and country of residence. Make sure the information you provide is accurate and matches your official documents.
Account Type Selection: VIPOTOR offers multiple account types, such as Standard, Premium, and Prime. Select the account type that aligns with your trading needs and budget.
Identity Verification: To comply with regulatory requirements, VIPOTOR may require you to verify your identity. This often involves submitting a copy of your government-issued ID, passport, or other identification documents.
Fund Your Account: Once your account is approved, you can proceed to fund it. VIPOTOR typically accepts various deposit methods, such as wire transfer, debit/credit cards, and e-wallets like Skrill and Neteller.
Vipotor offers leverage up to 1:100 for futures and options contracts. Leverage allows you to control a larger position with a smaller amount of capital. However, leverage can also be risky, as it can amplify your losses as well as your profits.
Account Type | Standard | Premium | Prime |
Leverage | Up to 1:100 | Up to 1:100 | Up to 1:100 |
VIPOTOR provides competitive spreads for traders across its account types. In the Standard account, the spread for major pairs is 1.7 pips, while the Premium account offers tighter spreads at 1.4 pips. For the Prime account, traders can benefit from even lower spreads starting at 1.1 pips. Notably, VIPOTOR does not charge any commissions, enhancing cost-effectiveness for its clients.
Account Type | Standard | Premium | Prime |
Spread | 1.7 pips | 1.4 pips | 1.1 pips |
Commission | None | None | None |
VIPOTOR is a trading platform that provides its users with access to the popular MetaTrader 4 (MT4) trading platform, catering to the needs of both PC and mobile users on IOS and Android devices. Additionally, VIPOTOR offers an online trading portal that allows traders to engage in trading without the need for any downloads or installations.
MetaTrader 4 (MT4) Platform: One of the standout features of VIPOTOR is its support for the MT4 trading platform. MT4 is well-regarded in the trading community for its user-friendly interface, advanced charting tools, technical analysis capabilities, and a wide range of customizable indicators. This platform is favored by both novice and experienced traders alike for its reliability and comprehensive set of features.
Multi-Device Compatibility: VIPOTOR ensures accessibility for traders on various devices. Whether you prefer trading on your PC or on the go using your mobile device, VIPOTOR has you covered. The MT4 trading platform is available for PC users, while traders on IOS and Android devices can also enjoy seamless trading experiences.
Online Trading Portal: In addition to the downloadable MT4 platform, VIPOTOR provides an online trading portal. This portal offers traders a convenient way to access the markets without the hassle of software installations. Traders can simply log in to their accounts through a web browser and commence trading immediately. This feature is especially appealing to traders who value flexibility and quick access to the markets.
User-Friendly Approach: VIPOTOR's emphasis on the MT4 platform and an online trading portal reflects its user-friendly approach. The availability of multiple options allows traders to choose the method that best suits their preferences and trading styles. Whether you're a desktop enthusiast or prefer the convenience of mobile trading, VIPOTOR caters to your needs.
VIPOTOR offers a variety of payment methods to accommodate its clients' preferences. Traders can fund their accounts using common payment options widely supported by brokers, including Wire Transfer, Debit/Credit Cards, and popular e-wallets like Skrill and Neteller.
Wire Transfer: This traditional banking method allows for secure and direct transfers from your bank account to your VIPOTOR trading account. It is a reliable option for larger deposits, but processing times may vary depending on your bank and location.
Debit/Credit Cards: VIPOTOR accepts payments via major debit and credit cards, providing a convenient and widely-used option. Deposits made through cards are usually processed quickly, allowing traders to start trading promptly.
E-Wallets (Skrill and Neteller): E-wallets offer a swift and convenient way to deposit funds into your VIPOTOR account. Skrill and Neteller are popular choices among traders due to their ease of use and rapid transaction processing times.
The minimum deposit requirement varies based on the chosen account type, with the Standard account requiring a minimum deposit of $100, the Premium account at $500, and the Prime account at $5,000. Traders should ensure they meet the minimum deposit criteria for their selected account type before initiating the deposit process.
Account Type | Standard | Premium | Prime |
Minimum Deposit | $100 | $500 | $5,000 |
VIPOTOR offers responsive customer support to assist its clients with any inquiries or concerns. For direct communication, you can reach VIPOTOR's English-language customer support team at +356 2778 1919. Additionally, you can contact VIPOTOR via email at services@Vipotor.com for assistance and information. These multiple customer support channels ensure that clients have access to reliable assistance, enhancing their overall trading experience and addressing any issues promptly and effectively.
VIPOTOR lacks comprehensive educational resources. The platform does not provide an extensive collection of educational materials for traders seeking in-depth knowledge and skill development. While basic FAQs may address common queries, traders looking for a more robust educational experience may need to supplement their learning with external sources or educational platforms to enhance their trading expertise while using VIPOTOR as their trading platform. It's essential for traders to be aware of this limitation and take proactive steps to acquire the necessary knowledge and skills for successful trading.
In conclusion, VIPOTOR offers traders a diverse range of market instruments, featuring forex exchange, forex exchange options, and CFDs. With the support of the popular MetaTrader 4 (MT4) trading platform and various deposit methods, it caters to traders' diverse needs. Competitive spreads and leverage of up to 1:100 enhance trading opportunities.
However, it's crucial to consider the platform's unauthorized status by the National Futures Association (NFA) in the United States, which raises transparency and oversight concerns. Furthermore, the limited educational resources may require traders to seek additional learning sources. As with any trading platform, thorough research and caution are essential when considering VIPOTOR.
Q: Is VIPOTOR a regulated forex broker?
A: No, VIPOTOR is unauthorized by the regulatory authority, the National Futures Association (NFA), in the United States.
Q: What trading platforms are available on VIPOTOR?
A: VIPOTOR offers the MetaTrader 4 (MT4) trading platform for PC, IOS, and Android, along with an online trading portal.
Q: What is the minimum deposit required to open a VIPOTOR account?
A: The minimum deposit varies depending on the account type, starting from $100 for the Standard account, $500 for Premium, and $5,000 for Prime.
Q: Does VIPOTOR charge commissions on trades?
A: No, VIPOTOR does not charge commissions on trades. It primarily earns revenue through spreads.
Q: Are there educational resources available on VIPOTOR?
A: VIPOTOR's educational resources are limited, consisting mainly of basic FAQs. Traders seeking in-depth education may need to explore external sources.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive multibankfx and vipotor are, we first considered common fees for standard accounts. On multibankfx, the average spread for the EUR/USD currency pair is -- pips, while on vipotor the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
multibankfx is regulated by ASIC,DFSA,FCA,FSC,CIMA. vipotor is regulated by ASIC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
multibankfx provides trading platform including -- and trading variety including --. vipotor provides trading platform including -- and trading variety including --.