BlackBull Markets vs MultiBank 2025

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.

Regulation

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 info	2014	2005
Publicly Traded (Listed) info	No	No
Bank info	No	No
Tier-1 Licenses info	1	3
Tier-2 Licenses info	0	1
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	3

Fees

BlackBull Markets and MultiBank both tier their pricing by account type, so your total trading costs will depend on your deposit and the products you trade. For the Commissions & Fees category on ForexBrokers.com, BlackBull Markets earns 4.5 out of 5 stars and ranks #19 of 63 brokers, while MultiBank earns 4 out of 5 stars and ranks #39 of 63.

BlackBull Markets’ Standard account is commission-free with higher spreads and no minimum deposit. The Prime account requires a $2,000 minimum but delivers lower pricing: in March 2024 the average EUR/USD spread was 0.16 pips, translating to about 0.76 pips all-in after a $3-per-side ($6 round turn) commission per standard lot—making Prime the better value for most active traders. The ECN Institutional account targets higher balances ($20,000 minimum) and trims commissions further to $2 per side ($4 round turn) per lot.

MultiBank offers a Standard account ($50 minimum deposit, higher spreads), a Pro account ($1,000 minimum, lower spreads), and an ECN account ($10,000 minimum) with the lowest spreads and a $3 round‑trip commission. Note: MultiBank charges a $60 monthly inactivity fee after 90 days without trading. In short, MultiBank’s ECN shows a lower stated commission than BlackBull’s Prime, while BlackBull publishes a very tight average EUR/USD spread on its Prime account; your cheapest path comes down to the spread-plus-commission mix you qualify for and your preferred minimum deposit.

Feature	BlackBull Markets	MultiBank
Minimum Deposit info	$0	$50
Average spread (EUR/USD) - Standard account info	0.71 info	N/A
All-in Cost EUR/USD - Active info	0.71 info	N/A
Non-wire bank transfer info	No	Yes
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

BlackBull Markets and MultiBank both offer forex trading via CFDs and/or spot. For overall market variety, BlackBull Markets stands out with about 26,000 tradeable symbols and 72 forex pairs, compared with MultiBank’s 1,042 symbols and 40 pairs. BlackBull also lets clients buy exchange-listed stocks directly on both U.S. and international exchanges (not just CFDs), while MultiBank does not offer direct stock ownership on those markets.

Both brokers support copy trading and cryptocurrency CFDs. If you want to buy actual crypto, only MultiBank provides delivered cryptocurrency; BlackBull does not. Based on ForexBrokers.com, BlackBull Markets earns 5 stars for Range of Investments and ranks #6 out of 63 brokers, while MultiBank earns 4 stars and ranks #38.

Feature	BlackBull Markets	MultiBank
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	1042
Forex Pairs (Total) info	72	40
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	Yes
Cryptocurrency (Underlying) info	No	Yes
Cryptocurrency (CFDs) info	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.

Trading platforms and tools

BlackBull Markets and MultiBank both make it easy to get started with a free demo (paper) account. Each broker offers Windows desktop and web-based trading, supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), includes copy trading, and lets you place trades directly from charts.

The key difference is platform choice. MultiBank adds a proprietary platform alongside MetaTrader, while BlackBull Markets sticks to third-party platforms. In ForexBrokers.com’s Trading Platforms and Tools ratings, both earned 4 out of 5 stars; BlackBull ranks #31 of 63 brokers, and MultiBank ranks #40. If you want an extra, broker-built platform, MultiBank may appeal; if you prefer a MetaTrader-focused setup with a slightly higher category ranking, BlackBull is worth a look.

Feature	BlackBull Markets	MultiBank
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	Yes
MetaTrader 5 (MT5) info	Yes	Yes
Charting - Indicators / Studies (Total) info	109	38
Charting - Trade From Chart info	Yes	Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

BlackBull Markets and MultiBank both offer mobile trading apps for iPhone and Android, with stock and forex price alerts included. A key difference is watchlist syncing: BlackBull Markets syncs watchlists between the mobile app and your online account, so changes carry over across devices, while MultiBank does not. If you regularly switch between phone and desktop, that syncing feature can save time and reduce errors.

For charting, both brokers provide 30 technical studies, the ability to draw trendlines, and auto-save for chart drawings. Each platform earns a 4 out of 5 star rating for mobile trading apps. However, in ForexBrokers.com’s rankings out of 63 brokers, BlackBull Markets sits at #33 versus MultiBank at #42. In short, the core mobile tools are similar, but BlackBull Markets edges ahead thanks to watchlist syncing and a stronger overall ranking.

Feature	BlackBull Markets	MultiBank
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	30	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at BlackBull Markets and MultiBank shows clear trade-offs. BlackBull Markets provides daily market commentary and an economic calendar, while MultiBank also offers an economic calendar but no daily commentary. On the other hand, MultiBank delivers forex news from top-tier outlets like Bloomberg, Reuters, or Dow Jones, which BlackBull Markets does not.

For research tools, BlackBull Markets includes Autochartist and a sentiment gauge showing the long/short split across instruments; MultiBank lacks both. Neither broker offers Trading Central or TipRanks. BlackBull Markets does not include Acuity Trading tools, and MultiBank’s availability for Acuity tools wasn’t specified. Overall, BlackBull Markets earns 4 stars for Research and ranks #18 out of 63 at ForexBrokers.com, while MultiBank scores 3.5 stars and ranks #50.

Feature	BlackBull Markets	MultiBank
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	No	Yes
Autochartist info	Yes	No
Trading Central info	No	No
Client sentiment data info	Yes	No
TipRanks info	No	No
Acuity Trading info	No
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing forex and CFD education, BlackBull Markets delivers a stronger learning path than MultiBank. BlackBull hosts online educational webinars at least once a month and offers at least 10 beginner video lessons plus a sizable set of advanced videos for experienced traders. MultiBank provides at least 10 beginner videos as well, but it does not run monthly educational webinars and lacks a comparable library of advanced trading videos. While both brokers publish trading education, the information provided here does not confirm whether each has 10 or more forex/CFD-specific pieces across all formats beyond the video counts noted.

Independent ratings back up the difference: BlackBull Markets earns 4 stars for Education and ranks 29th out of 63 brokers at ForexBrokers.com, while MultiBank scores 3.5 stars and ranks 50th. If you want ongoing live instruction and a path from beginner basics to advanced strategies, BlackBull Markets is the more comprehensive choice. If you only need beginner-friendly video lessons without live webinars, MultiBank can cover the essentials.

Feature	BlackBull Markets	MultiBank
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

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	MultiBank
Overall Rating info
Trust Score info	78	84
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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Overall Rating	BlackBull Markets	MultiBank
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	78	84
Winner	check_circle
Review	BlackBull Markets Review	MultiBank Review

Broker Screenshots	BlackBull Markets	MultiBank
Broker Gallery (click to expand) info

Regulation	BlackBull Markets	MultiBank
Trust Score info	78	84
Year Founded info	2014	2005
Publicly Traded (Listed) info	No	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	Yes
Tier-1 Licenses info	1	3
Tier-2 Licenses info	0	1
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	3

Tier-1 Licenses (Highly Trusted)	BlackBull Markets	MultiBank
Australia (ASIC Authorised) info	No	Yes
Canada (CIRO Authorised) info	No	No
Hong Kong (SFC Authorised) info	No	No
Japan (SFC Authorised) info	No	No
Singapore (MAS Authorised) info	No	Yes
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info	No	No
USA (CFTC Authorized) info	No	No
New Zealand (FMA Authorised) info	Yes	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	Yes

Tier-2 Licenses (Trusted)	BlackBull Markets	MultiBank
Kenya (CMA Authorised) info
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or SCA Authorised) info	No	Yes info
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info

Investments	BlackBull Markets	MultiBank
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	1042
Forex Pairs (Total) info	72	40
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	Yes
Cryptocurrency (Underlying) info	No	Yes
Cryptocurrency (CFDs) info	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 account info	0.71 info	N/A
All-in Cost EUR/USD - Active info	0.71 info	N/A
Inactivity Fee info	No	Yes
Order execution: Agency info	No	No
Order execution: Market Maker info	Yes	Yes

Funding	BlackBull Markets	MultiBank
Minimum Deposit info	$0	$50
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes
Non-wire bank transfer info	No	Yes

Trading Platforms	BlackBull Markets	MultiBank
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	Yes
MetaTrader 5 (MT5) info	Yes	Yes
cTrader info	Yes	No

Trading Tools	BlackBull Markets	MultiBank
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	109	38
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	BlackBull Markets	MultiBank
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	30	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes
Mobile Research - Economic Calendar info	Yes	Yes

Research	BlackBull Markets	MultiBank
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	No	Yes
Autochartist info	Yes	No
Trading Central info	No	No
TipRanks info	No	No
Client sentiment data info	Yes	No
Economic Calendar info	Yes	Yes

Education	BlackBull Markets	MultiBank
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	BlackBull Markets	MultiBank
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review	BlackBull Markets Review	MultiBank Review

Overall	BlackBull Markets	MultiBank
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	78	84
Winner	check_circle
Review	BlackBull Markets Review	MultiBank Review