Blitzbrokers
multibank exchange group
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while multibank exchange group was established in 2015 and is based in Cyprus. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while multibank exchange group is regulated by Financial Conduct Authority (FCA) among others. Blitzbrokers serves 10,000+ clients worldwide; multibank exchange group has 10,000+. The minimum deposit is $1 at Blitzbrokers and $250 at multibank exchange group.
| Feature | Blitzbrokers | multibank exchange group |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Securities and Futures Commission (SFC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F282 |
| Founded | 1982 | 2015 |
| Country | Hong Kong | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and multibank exchange group, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $250 at multibank exchange group). Neither broker charges withdrawal fees. multibank exchange group charges deposit fees; Blitzbrokers does not. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | Blitzbrokers | multibank exchange group |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Blitzbrokers offers MT5, cTrader, while multibank exchange group supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. multibank exchange group edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | multibank exchange group |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and multibank exchange group compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | Blitzbrokers | multibank exchange group |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Blitzbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while multibank exchange group supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). multibank exchange group uniquely supports PayPal and Skrill and Neteller among the two brokers. multibank exchange group scores higher on deposit and withdrawal flexibility.
| Feature | Blitzbrokers | multibank exchange group |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Blitzbrokers and multibank exchange group offer live chat support. Both provide phone support. Email support is available at both brokers. Blitzbrokers supports 2 languages and multibank exchange group supports 8, giving multibank exchange group broader global reach. Both brokers are comparable on support quality.
| Feature | Blitzbrokers | multibank exchange group |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |