multibank exchange group
Velocity Trade
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 Velocity Trade was established in 2007 and is based in Australia. multibank exchange group holds licences including Financial Conduct Authority (FCA), while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. multibank exchange group serves 10,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $250 at multibank exchange group and $1 at Velocity Trade.
| Feature | multibank exchange group | Velocity Trade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| 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 | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2015 | 2007 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between multibank exchange group and Velocity Trade, directly affecting your bottom line as a trader. Velocity Trade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at multibank exchange group). Neither broker charges withdrawal fees. Velocity Trade applies inactivity fees on dormant accounts; multibank exchange group does not. multibank exchange group charges deposit fees; Velocity Trade does not. Overall, Velocity Trade scores higher on fees in our assessment.
| Feature | multibank exchange group | Velocity Trade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
multibank exchange group offers MT4, MT5, cTrader, while Velocity Trade supports MT4. Both brokers provide mobile trading apps for iOS and Android. multibank exchange group supports social and copy trading features, which Velocity Trade does not offer. multibank exchange group edges ahead on platform breadth and functionality in our scoring.
| Feature | multibank exchange group | Velocity Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | No |
| cTrader | Yes | No |
| 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, 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 Velocity Trade compare. Velocity Trade runs regular live webinars; multibank exchange group does not. Both provide video tutorials. Velocity Trade publishes daily market commentary; multibank exchange group does not. Both integrate third-party research tools. Velocity Trade maintains an archive of past webinars for on-demand viewing. Velocity Trade scores higher overall in education and research.
| Feature | multibank exchange group | Velocity Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
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 Velocity Trade supports 2 (bank transfer, credit/debit card). 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 | multibank exchange group | Velocity Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
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 Velocity Trade offer live chat support. Both provide phone support. Email support is available at both brokers. multibank exchange group supports 8 languages and Velocity Trade supports 2, giving multibank exchange group broader global reach. Both brokers are comparable on support quality.
| Feature | multibank exchange group | Velocity Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |