FP Markets vs MultiBank Group: Which Broker Is Better?

FP Markets operates through entities that include First Prudential Markets Pty Ltd, authorised by ASIC under licence number 286354, and FP Asset Management Cyprus Ltd, regulated by CySEC under licence number 371/18. The group also has entities connected to the FSCA in South Africa and the FSA in Seychelles, allowing it to provide services across different international markets.

ASIC and CySEC licences support the group’s overall regulatory profile, but an account opened with a Seychelles or South African entity may be subject to different leverage limits, investor-protection arrangements and complaint procedures. Available instruments, funding methods and certain account features may also vary according to the legal company serving the client.

Before choosing FP Markets Standard or Raw accounts, or trading through MT4 or MT5, traders should verify the responsible entity and its licence number. This makes it possible to compare execution costs and commissions with the applicable level of regulatory oversight instead of assuming that all FP Markets clients receive the same protection.

FP Markets states that eligible client funds are held in segregated bank accounts under the requirements of the regulatory entity responsible for the account. Negative balance protection may also be available under the conditions applied by certain FP Markets group companies, helping eligible clients limit liability resulting from a negative trading-account balance.

Client-money rules, investor compensation arrangements and complaint procedures may differ between the ASIC-regulated Australian entity, the CySEC-regulated European entity and international entities supervised by FSCA or FSA. Traders should match the legal company and licence number in their client agreement with the relevant regulatory register before transferring funds.

MultiBank Group operates through a network of entities that includes MEX Australia Pty Ltd, authorised by ASIC under licence number 416279; MEX Asset Management GmbH, supervised by BaFin under number 119375; and MEX Europe Ltd, regulated by CySEC under licence number 430/23. The group also has an entity supervised by the SCA in the UAE and an international entity in Belize serving different markets.

The group’s multiple entities provide broad regulatory coverage, but they do not mean that every client receives the same protection available under ASIC, BaFin or CySEC. The actual entity may affect leverage, products, complaint procedures and investor protection, so traders should also verify the permitted scope of each legal company.

When researching MultiBank Group licences, traders should look beyond the number of licences and identify the entity shown in the client agreement. This is especially important for Arabic-speaking traders who may be directed to the UAE or international entity and need to balance global availability with the oversight applied to their account.

MultiBank Group entities apply client-money protection rules according to the regulator responsible for each legal company. These arrangements include separating eligible client funds from the group’s operating capital and business expenses, helping prevent client money from being used to finance the broker’s daily operations.

Fund custody rules, negative balance protection and investor compensation arrangements are not uniform across the ASIC, BaFin, CySEC, SCA and international Belize entities. Traders should verify the specific MEX or MultiBank company named in their client agreement instead of relying on the total number of licences held across the wider group.