MultiBank Group vs Openbank 2026: which is better?
We compared MultiBank Group and Openbank on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- MultiBank Group holds 3 licences from strong regulators, against 0 for Openbank.
- MultiBank Group offers a swap-free Islamic account; Openbank does not.
- MultiBank Group offers copy trading; Openbank does not.
- MultiBank Group offers MetaTrader 4, MetaTrader 5, which Openbank does not.
Comparison table
| Comparison table |
MultiBank Group
Broker
|
Openbank Broker |
|---|---|---|
| Licences | ASIC, MAS, BaFin, CySEC, CMA, FMA (AT), FSA, FSC (VG), VFSC, CIMA, FSC (MU) Best | BdE |
| Minimum deposit | $50 | — |
| Maximum leverage | 1:1000 | — |
| Trading platforms | MetaTrader 4, MetaTrader 5, Web Trader, Mobile App, MB Trader | Openbank App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices | Stocks, Cryptocurrencies, Exchange-Traded Funds (ETFs) |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | — |
| Copy trading | ✓ Yes | — |
| Founded | 2005 | 1995 |
| Headquarters | United Arab Emirates | Boadilla del Monte (Madrid), Spain |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose MultiBank Group if you
- want more licences from strong regulators
- need a swap-free Islamic account
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, MultiBank Group or Openbank?
We compared MultiBank Group and Openbank on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. MultiBank Group holds 3 licences from strong regulators, against 0 for Openbank. MultiBank Group offers a swap-free Islamic account; Openbank does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are MultiBank Group and Openbank regulated?
MultiBank Group licences: CySEC, ASIC, FSA, MAS, CMA, FSC (VG), VFSC, BaFin, CIMA, FSC (MU), FMA (AT). Openbank licences: BdE.
What is the minimum deposit at MultiBank Group and Openbank?
MultiBank Group: $50. Openbank: not available.
Do MultiBank Group and Openbank offer an Islamic account?
MultiBank Group: Yes. Openbank: No.