multibank exchange group
profiforex corp
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
multibank exchange group was founded in 2015 and is headquartered in Cyprus, while profiforex corp was established in 2018 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. multibank exchange group serves 10,000+ clients worldwide; profiforex corp has 30,000+. Both brokers share the same minimum deposit of $250.
| Feature | multibank exchange group | profiforex corp |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | 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 | 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-F297 |
| Founded | 2015 | 2018 |
| Country | Cyprus | Cyprus |
| Clients | 10,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between multibank exchange group and profiforex corp, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Neither broker charges withdrawal fees. multibank exchange group charges deposit fees; profiforex corp does not. Overall, profiforex corp scores higher on fees in our assessment.
| Feature | multibank exchange group | profiforex corp |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
multibank exchange group offers MT4, MT5, cTrader, while profiforex corp supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. multibank exchange group supports social and copy trading features, which profiforex corp does not offer. multibank exchange group edges ahead on platform breadth and functionality in our scoring.
| Feature | multibank exchange group | profiforex corp |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | 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 multibank exchange group and profiforex corp compare. profiforex corp runs regular live webinars; multibank exchange group does not. Both provide video tutorials. profiforex corp publishes daily market commentary; multibank exchange group does not. Both integrate third-party research tools. profiforex corp maintains an archive of past webinars for on-demand viewing. profiforex corp scores higher overall in education and research.
| Feature | multibank exchange group | profiforex corp |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. multibank exchange group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while profiforex corp supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | multibank exchange group | profiforex corp |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both multibank exchange group and profiforex corp offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | multibank exchange group | profiforex corp |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |