Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets 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.
BlackBull Markets and MultiBank are two online brokers established in 2014 and 2005, respectively, both operating without being publicly traded or functioning as banks. Both brokers aim to cater to traders' needs, but they differ significantly in terms of regulatory credentials and trust ratings. BlackBull Markets holds one Tier-1 license, indicating a high level of trust, but does not have any Tier-2 licenses, which are still considered trustworthy. This contributes to a ForexBrokers.com Trust Score of 78, placing BlackBull Markets in the average risk category.
On the other hand, MultiBank boasts three Tier-1 licenses alongside one Tier-2 license, commanding a higher ForexBrokers.com Trust Score of 84 and categorizing it in the trusted bracket. These differences in licensing and trust scores suggest that while both brokers are established players in the industry, MultiBank may offer an edge in perceived regulatory trust and security according to ForexBrokers.com ratings.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Year Founded | 2014 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
Comparing the commissions and fees of BlackBull Markets and MultiBank reveals some key distinctions that can impact your trading costs. BlackBull Markets offers three account types: Standard, Prime, and ECN Institutional, each catering to different trading needs. The Prime account stands out with an average spread of 0.16 on the EUR/USD pair, translating to a total cost of 0.76 pips after accounting for a commission of $6 per 10,000 traded. This account requires a $2,000 minimum deposit, whereas the Standard account is commission-free with no minimum deposit but features higher spreads. For active traders, the ECN Institutional account demands a $20,000 deposit, offering lower commission rates of $4 per round turn.
MultiBank also provides three account types: Standard, Pro, and ECN, each with varying spreads and fees. The MultiBank Standard account, requiring a $50 deposit, has higher spreads and might not be ideal unless you are a beginner. The Pro account offers better spreads with a $1,000 deposit requirement. If you're looking for the tightest spreads at MultiBank, their ECN account requires a $10,000 minimum deposit and charges a $3 commission per trade. Additionally, MultiBank imposes a $60 monthly inactivity fee for accounts dormant for 90 days.
When it comes to rankings, BlackBull Markets rates 4.5 stars for its commission and fee structure, ranking 18th out of 63 brokers according to ForexBrokers.com. In comparison, MultiBank has a 4-star rating and ranks 38th. These differences in ratings and ranks highlight the competitive nature of BlackBull Markets' offerings in terms of costs, making it a potentially more cost-effective choice for traders focused on minimizing fees.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 variety of investments offered, BlackBull Markets stands out in comparison to MultiBank. BlackBull Markets provides an impressive 26,000 tradeable symbols, which far surpasses MultiBank's 1,042 symbols. In terms of forex trading, BlackBull Markets offers a broader selection with 72 forex pairs available, while MultiBank provides 40 forex pairs. Additionally, BlackBull Markets allows clients to buy exchange-traded securities on both U.S. and international exchanges, meaning investors can purchase shares like Apple and Vodafone. Unfortunately, MultiBank doesn't offer this option, as clients cannot buy exchange-traded securities on either U.S. or international exchanges.
Both BlackBull Markets and MultiBank offer forex trading as CFDs or spot contracts, as well as similar opportunities for cryptocurrency derivatives. However, only MultiBank allows for the purchase of actual cryptocurrencies. Furthermore, both platforms offer copy trading services. Due to its extensive range of investments, BlackBull Markets earns 5 stars and ranks 6th out of 63 brokers for investment range by ForexBrokers.com, whereas MultiBank, with 4 stars, holds the 37th position. This highlights BlackBull Markets as a superior choice for investors seeking a wider array of financial instruments.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 1042 |
| Forex Pairs (Total) | 72 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing BlackBull Markets and MultiBank, both brokers offer a range of trading platforms and tools designed to enhance their clients’ trading experiences. Each provides a free virtual demo account for traders interested in simulated trading. While MultiBank offers a proprietary platform, BlackBull Markets does not, which might be a consideration for users looking for features unique to the broker. Both brokers provide access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) alongside Windows-based desktop and web-based platforms, ensuring flexibility and accessibility for traders. Copy trading is supported by both, but users interested in ZuluTrade for social trading will only find this option available with BlackBull Markets.
In terms of charting tools, BlackBull Markets offers an impressive array of 60 drawing tools compared to 17 provided by MultiBank. When it comes to managing watch lists, MultiBank provides one more field than BlackBull Markets, offering 7 columns instead of 6. Both brokers allow traders to execute trades directly from stock charts, supporting efficient decision-making. Rating-wise, both earn 4 stars for their trading platforms and tools, though BlackBull Markets secures a higher ranking, placed at #29 compared to MultiBank's #39 out of 63 brokers, as rated by ForexBrokers.com. This difference highlights BlackBull Markets' edge in the evaluation of their platform offerings.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 38 |
| Charting - Drawing Tools (Total) | 60 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When deciding between BlackBull Markets and MultiBank for mobile trading, both brokers provide comprehensive apps for iPhone and Android users. They each support real-time forex and stock price alerts, with the capability to customize watchlists with up-to-date quotes. However, BlackBull Markets stands out with its ability to sync watchlist symbols across devices, a feature not available with MultiBank. Both brokers offer 30 technical studies, trendlines, and multi-time frame views on their mobile charting tools, making them suitable for various trading strategies.
In terms of user ratings, both BlackBull Markets and MultiBank earn a solid four-star rating for their mobile trading platforms. However, BlackBull Markets is ranked higher by ForexBrokers.com, holding the 31st spot among 63 brokers, compared to MultiBank's rank at number 41. Both apps ensure that your chart drawings are automatically saved, enhancing the ease of use for mobile traders. If syncing watchlists across platforms is crucial to your trading, BlackBull Markets might be the more attractive option.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, BlackBull Markets provides daily market commentary, alongside tools like Autochartist for technical and fundamental analysis. They also offer a sentiment-based trading tool to help traders gauge market direction with a ratio of long and short positions. Additionally, their economic calendar provides insights into global economic events. Although they lack forex news from top-tier sources, BlackBull Markets still receives a solid four-star rating for research and ranks 18th out of 63 brokers according to ForexBrokers.com.
On the other hand, MultiBank offers forex news from reputable sources such as Bloomberg and Reuters but does not include daily market commentary or tools like Autochartist. While they also provide an economic calendar, their research offerings are less comprehensive compared to BlackBull Markets, resulting in a 3.5-star rating for research and a ranking of 49th out of 63 on ForexBrokers.com. Despite the absence of sentiment-based trading tools and exclusive research data providers, MultiBank remains a viable option for those prioritizing access to quality forex news.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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, BlackBull Markets and MultiBank both offer a comprehensive selection. BlackBull Markets provides a wide range of forex and CFDs educational materials, including articles, videos, and archived webinars, with at least ten pieces readily available. They host monthly online webinars and maintain an accessible archive of past sessions, making it easy for newcomers to catch up on missed content. Further elevating the educational journey, they provide beginner and advanced videos tailored to differing levels of trading expertise. BlackBull Markets also offers an extensive investor dictionary to help novices grasp crucial investing terms, contributing to their 4-star educational rating and securing a rank of 29 out of 63 brokers.
On the other hand, MultiBank also delivers at least ten educational pieces aimed at covering forex and CFDs topics, yet they fall short by not offering monthly webinars or a searchable archive for previous sessions. While their beginner educational videos are extensive, the lack of advanced content might require experienced traders to seek guidance elsewhere. Additionally, MultiBank does not provide an investor dictionary with investing terms. With a 3.5-star rating for education and a rank of 50 out of 63 brokers, MultiBank stands as a noteworthy yet less comprehensive option for beginners in comparison to BlackBull Markets.
| Feature |
BlackBull Markets
|
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 BlackBull Markets is better than MultiBank. BlackBull Markets finished with an overall rank of #24, while MultiBank finished with an overall rank of #40.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 84 |
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BlackBull Markets and MultiBank both provide options for trading cryptocurrency derivatives, but unlike BlackBull Markets, MultiBank also offers the ability to purchase actual delivered cryptocurrency.
When comparing online brokers, BlackBull Markets lacks ACH and SEPA transfer options for account transactions, while MultiBank provides these features; both brokers support Skrill, Visa, Mastercard, and bank wire deposits and withdrawals, but neither offer PayPal.
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 | BlackBull Markets | MultiBank | |
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| Trust Score | 78 | 84 | |
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| Review | BlackBull Markets Review | MultiBank Review |
| Broker Screenshots | BlackBull Markets | MultiBank | |
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| Regulation | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Trust Score | 78 | 84 | |
| Year Founded | 2014 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 1042 | |
| Forex Pairs (Total) | 72 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | 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 | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 38 | |
| Charting - Drawing Tools (Total) | 60 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | 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 | BlackBull Markets | 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 | BlackBull Markets Review | MultiBank Review |
| Overall | BlackBull Markets | MultiBank | |
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| Trust Score | 78 | 84 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | MultiBank Review |
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