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 evaluating online brokers AvaTrade and MultiBank, important distinctions emerge in their commissions and fees. AvaTrade’s spreads are slightly above industry entry-level competitors like CMC Markets and Tickmill, averaging just under one pip at 0.9 pips as of June 2024. However, for those categorized as professional traders, AvaTrade offers more competitive spreads at 0.6 pips, aligning with industry players such as FP Markets. AvaTrade receives an impressive 4.5-star rating for commissions and fees, securing the #12 spot in this category according to ForexBrokers.com among 62 brokers.
Conversely, MultiBank divides its offerings into Standard, Pro, and ECN account types. The entry-level Standard account demands only a $50 deposit but features higher spreads, making it more suitable for beginners. MultiBank’s Pro account, requiring a $1,000 deposit, provides reduced spreads compared to the Standard. The ECN account boasts the lowest spreads available and implements a $10,000 deposit requirement along with a modest round-trip commission of $3 per trade. Additionally, keep in mind the $60 monthly inactivity fee if your account is inactive for 90 days. In terms of ratings, MultiBank earns a 4-star review for commissions and fees, with a ranking of #38 from ForexBrokers.com in the same analysis.
| 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.
AvaTrade and MultiBank both provide opportunities for forex trading through CFDs or spot contracts, covering a decent breadth in the range of investments. AvaTrade takes the lead with 1,260 tradeable symbols compared to MultiBank's 1,042. With 53 forex pairs available at AvaTrade as opposed to 40 at MultiBank, users might find AvaTrade slightly more appealing for those focused on forex trading. Both platforms do not offer exchange-traded securities on U.S. or international exchanges, which means clients can’t directly buy shares like Apple or Vodafone. However, both AvaTrade and MultiBank cater to modern trading enthusiasts by providing copy trading features.
Cryptocurrency enthusiasts might find a distinct difference between the two; while neither platform allows for the purchase of actual cryptocurrencies, MultiBank does offer this option. Both brokers provide access to cryptocurrency derivatives for those looking to invest in this volatile market. In terms of investment variety, both AvaTrade and MultiBank are rated 4 out of 5 stars, indicating a solid offering though not leading in the industry. Furthermore, AvaTrade is ranked 32nd while MultiBank is in the 37th spot for the Range of Investments according to ForexBrokers.com, showing AvaTrade’s slightly more favorable position among the 62 brokers reviewed.
| 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.
AvaTrade and MultiBank both offer comprehensive trading platforms with a variety of tools that cater to traders of different experience levels. Both brokers provide simulated trading with free virtual demo accounts, allowing beginners to practice before committing real money. They offer proprietary platforms developed in-house along with Windows-based desktop and web-based platforms. For fans of social and copy trading, both platforms include copy trading options, and they support popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) software. However, AvaTrade has the upper hand with the additional DupliTrade and ZuluTrade options, providing more variety in automated trading strategies.
When it comes to charting features, MultiBank offers 17 drawing tools compared to AvaTrade’s 13, but both allow trading directly from stock charts, enhancing the convenience of executing trades. They each provide seven columns for watchlists, enabling users to track market movements effectively. In terms of user satisfaction for trading platforms and tools, AvaTrade scores higher with 4.5 out of 5 stars, whereas MultiBank receives 4 stars. AvaTrade's superior rating is reflected in its ForexBrokers.com ranking, placing it at #13 out of 62 brokers, while MultiBank is ranked at #39.
| 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.
When comparing the mobile trading apps of AvaTrade and MultiBank, both platforms offer a variety of features suited for traders on the go. AvaTrade and MultiBank each provide apps available on iPhone and Android devices, allowing users to access the market wherever they are. Both brokers support stock and forex price alerts, ensuring traders never miss significant market movements. However, AvaTrade takes the lead with watchlist symbol syncing, enabling seamless updates across devices, a feature lacking in MultiBank's app. AvaTrade's app offers 73 technical studies for charting, significantly more than MultiBank's 30 options, providing a more comprehensive toolkit for analysis.
Traders will find both apps allow them to draw trendlines and view multiple time frames on their charts. MultiBank, however, scores points for auto-saving chart drawings, adding a layer of convenience for preserving technical analyses. Furthermore, both apps support creating watchlists with real-time quotes, ideal for monitoring market changes. AvaTrade distinguishes itself with a higher user rating of 4.5 stars, compared to MultiBank's 4 stars, and a more favorable ranking of #13 out of 62 brokers by ForexBrokers.com, whereas MultiBank sits at #41. Overall, AvaTrade's app offers a more feature-rich and synchronized trading experience, making it a robust choice for traders seeking in-depth market engagement via mobile.
| 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 comparing AvaTrade and MultiBank for market research offerings, both brokers provide access to forex news from reputable sources like Bloomberg and Reuters, ensuring traders are up-to-date with industry movements. They also offer comprehensive economic calendars to track key global events. However, AvaTrade stands out with its unique sentiment-based trading tool, which offers insights into the market's position ratios across various instruments, a feature that MultiBank lacks. Additionally, AvaTrade integrates Trading Central's technical analysis tools, adding another layer of analytical depth for users, while MultiBank does not provide this utility.
In terms of ratings, AvaTrade receives a slightly higher 4 stars for its research tools from ForexBrokers.com, compared to MultiBank's 3.5 stars, reflecting a broader array of analysis features. This is further echoed in their rankings, with AvaTrade securing the 34th spot out of 62 brokers and MultiBank trailing at 49th. Although neither broker features daily market commentary or additional insights from Autochartist or TipRanks, AvaTrade offers superior research tools, making it a more favorable choice for those prioritizing in-depth technical analysis and market sentiment data.
| 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, both AvaTrade and MultiBank offer over 10 educational pieces on forex or CFDs, including articles, videos, and webinars. However, AvaTrade stands out by offering live educational webinars at least once a month, while MultiBank does not have such a feature. AvaTrade also provides access to a searchable archive of past webinars, an advantage that MultiBank lacks. In addition, both brokers supply a good number of beginner videos, but AvaTrade further extends its offerings to include advanced educational videos for more experienced traders.
AvaTrade goes a step further by providing an investor dictionary with definitions for over 50 investing terms, a resource that MultiBank does not offer. These extra features contribute to AvaTrade's higher educational rating of 4 out of 5 stars, compared to MultiBank’s 3.5 stars. This distinction is reflected in their rankings by ForexBrokers.com, where AvaTrade holds the second position in the education category out of 62 brokers, while MultiBank is positioned at number 50. Overall, AvaTrade provides more comprehensive educational support for beginners looking to expand their trading knowledge.
| 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 62 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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|---|---|---|
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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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