Written by ForexBrokers.com
In this head to head comparison of AvaTrade vs MultiBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing AvaTrade and MultiBank, both are established online brokers with a solid reputation in the industry. AvaTrade, founded in 2006, holds a notable edge in trustworthiness with a Trust Score of 94 out of 99, indicating it's highly trusted. MultiBank, established a year earlier in 2005, has a Trust Score of 84, categorized as trusted. Neither of these brokers is publicly traded nor operates as a bank. AvaTrade boasts four highly trusted Tier-1 licenses and three trusted Tier-2 licenses, while MultiBank holds three Tier-1 licenses and one Tier-2 license.
These licenses reflect their regulatory compliance and the level of protection offered to clients, distinguishing AvaTrade with its higher number of licenses. AvaTrade's higher Trust Score coupled with its additional regulatory approvals could provide an extra sense of security for traders prioritizing regulatory oversight. However, both brokers have built a reputation over their many years in the market, offering reliable services and being regulated by respected authorities worldwide.
| Feature |
AvaTrade
|
MultiBank
|
|---|---|---|
| Year Founded | 2006 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing broker options based on commissions and fees, AvaTrade and MultiBank offer distinct account features to consider. AvaTrade provides spreads that are slightly above average compared to budget-friendly competitors, CMC Markets and Tickmill, with a spread just under one pip at 0.9 pips (as of June 2024). For professional traders, AvaTrade offers a competitive spread of 0.6 pips in its Professional account, aligning it closely with FP Markets. AvaTrade garners a commendable 4.5-star rating for commissions and fees and ranks 12th out of 63 brokers by ForexBrokers.com.
Conversely, MultiBank offers three account types—Standard, Pro, and ECN—across its global entities, each catering to varying trader needs. The Standard account requires a minimal deposit of $50 but is paired with higher spreads, making it more suitable for beginners. For more seasoned traders, MultiBank’s Pro account, with a $1,000 minimum deposit, offers more attractive spreads. The ECN account, targeting advanced traders, requires a $10,000 deposit and features the lowest spreads, complemented by a modest commission of $3 per round-trip trade. MultiBank's structure is underscored by a 4-star rating and a ranking of 38th for commissions and fees by ForexBrokers.com.
While AvaTrade excels in lower entry spreads for professional traders and holds a higher ranking, MultiBank offers varied account options each catering to different trading levels and corresponding fee structures. Importantly, MultiBank imposes a $60 inactivity fee if the account remains dormant for 90 days, a factor worth considering when managing costs.
| Feature |
AvaTrade
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, both AvaTrade and MultiBank offer a wide selection to traders, though AvaTrade edges out slightly with more total tradeable symbols—1,260 compared to MultiBank's 1,042. Both brokers provide the option to trade forex as CFDs, offering 53 and 40 tradeable forex pairs for AvaTrade and MultiBank, respectively. While neither broker allows trading of exchange-traded securities on U.S. or international exchanges, they do provide opportunities in the realm of cryptocurrencies. Both allow trading in cryptocurrency derivatives, but only MultiBank offers the ability to purchase actual cryptocurrencies.
Additionally, both AvaTrade and MultiBank cater to traders interested in copy trading. When rated for their range of investments, both brokers received four out of five stars. However, AvaTrade holds a slight advantage in ranking, positioned at 32nd compared to MultiBank's 37th out of 63 brokers according to ForexBrokers.com. This positioning reflects their extensive but comparable offerings, with AvaTrade providing a few more options for those seeking a diverse trading experience.
| Feature |
AvaTrade
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 1042 |
| Forex Pairs (Total) | 53 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | Yes |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both AvaTrade and MultiBank provide comprehensive trading platforms and tools, ensuring a versatile environment for traders of all levels. Each broker offers a free virtual demo account that allows clients to practice trading without financial risk. They both have developed proprietary platforms and provide access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with Windows-based desktop and web-based trading platforms. Copy trading is available through both brokers, but AvaTrade stands out by also supporting DupliTrade and ZuluTrade, which are not available with MultiBank.
In terms of charting capabilities, AvaTrade offers 13 drawing tools, while MultiBank surpasses this with 17 available tools. Both brokers allow traders to execute trades directly from stock charts and offer watch lists with seven fields for customization. Despite these similarities, AvaTrade holds a slight edge with a 4.5-star rating compared to MultiBank’s 4-star rating in the Trading Platforms and Tools category. Additionally, AvaTrade is ranked #13 out of 63 brokers by ForexBrokers.com, whereas MultiBank is ranked #39, highlighting AvaTrade's stronger position in the industry.
| Feature |
AvaTrade
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 38 |
| Charting - Drawing Tools (Total) | 13 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
AvaTrade and MultiBank both offer mobile trading apps for iPhone and Android users, equipping traders with the necessary tools to efficiently manage their investments on the go. Both apps provide essential features like stock and forex price alerts and the ability to customize watchlists with real-time quotes. However, a notable difference is AvaTrade's watchlist symbol syncing, allowing seamless synchronization between mobile and online accounts, a feature not available with MultiBank.
When it comes to charting capabilities, AvaTrade takes the lead by offering 73 technical studies compared to MultiBank's 30. Both platforms allow users to draw trendlines and view multiple time frames, but MultiBank has the advantage of auto-saving chart drawings. Despite these differences, AvaTrade is ranked higher in user ratings, earning 4.5 stars compared to MultiBank's 4 stars, and their mobile app is ranked 13th out of 63 brokers by ForexBrokers.com, compared to MultiBank's rank of 41st.
| Feature |
AvaTrade
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, AvaTrade and MultiBank both offer access to forex news from top-tier sources like Bloomberg and Reuters and provide comprehensive economic calendars. However, AvaTrade stands out by providing tools from Trading Central, giving traders a deeper insight with technical analytics and offering a sentiment-based trading tool that shows the ratio of long versus short positions. Meanwhile, MultiBank does not include tools from Trading Central nor do they offer a sentiment-based trading tool, which might limit traders looking for more in-depth analysis options.
Neither AvaTrade nor MultiBank provides daily market commentary, market research from TipRanks, or research tools from Acuity Trading. Despite these similarities, AvaTrade manages to edge out with a four-star rating for market research compared to MultiBank's three and a half stars. This distinction is reflected in their rankings, where AvaTrade is placed at #34 out of 63 brokers by ForexBrokers.com for the research category, while MultiBank trails at #49, indicating that AvaTrade offers a slightly better experience for traders seeking comprehensive research tools and insights.
| Feature |
AvaTrade
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners exploring the world of forex and CFDs, AvaTrade stands out compared to MultiBank. Both platforms offer a substantial suite of at least ten pieces of educational content such as articles and videos tailored for forex and CFDs novices, helping newcomers get started on the right foot. However, AvaTrade takes the lead with its regular online educational webinars, hosting at least one every month, coupled with a searchable archive of past webinars. This feature is notably absent from MultiBank, making it less robust in this interactive learning aspect.
AvaTrade also excels by offering at least ten videos specifically designed for beginners, as well as a wider range of advanced videos for those looking to explore deeper trading concepts. MultiBank matches AvaTrade in beginner video offerings but falls short in providing the same depth for advanced traders. Additionally, AvaTrade's investor dictionary, with over 50 terms explained, enriches the learning curve, a tool not available with MultiBank. Reflecting these differences, AvaTrade holds a high four-star rating in education and ranks #2 among 63 brokers by ForexBrokers.com, while MultiBank scores a 3.5-star rating and is positioned at #50 in the same category.
| Feature |
AvaTrade
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that AvaTrade is better than MultiBank. AvaTrade finished with an overall rank of #13, while MultiBank finished with an overall rank of #40.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
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MultiBank
|
|---|---|---|
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| Trust Score | 94 | 84 |
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While AvaTrade allows trading in cryptocurrency derivatives but not in actual delivered cryptocurrencies, MultiBank provides the option to buy both actual delivered cryptocurrencies and cryptocurrency derivatives, catering to a wider range of investment preferences.
In comparing online brokers, AvaTrade provides PayPal and Skrill among its deposit and withdrawal options but lacks ACH or SEPA transfers, while MultiBank supports ACH or SEPA transfers and Skrill but does not offer PayPal, with both platforms supporting Visa, Mastercard, and bank wires.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | AvaTrade | MultiBank | |
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| Trust Score | 94 | 84 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | MultiBank Review |
| Broker Screenshots | AvaTrade | MultiBank | |
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| Regulation | AvaTrade | MultiBank | |
|---|---|---|---|
| Trust Score | 94 | 84 | |
| Year Founded | 2006 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | AvaTrade | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 1042 | |
| Forex Pairs (Total) | 53 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | AvaTrade | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | AvaTrade | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 80 | 38 | |
| Charting - Drawing Tools (Total) | 13 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | AvaTrade | MultiBank | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | AvaTrade Review | MultiBank Review |
| Overall | AvaTrade | MultiBank | |
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| Trust Score | 94 | 84 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | MultiBank Review |
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