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 |
BlackBull Markets provides a range of account options that determine the trading costs for its users. With a 4.5-star rating and ranking 18th out of 62 brokers for commissions and fees, BlackBull Markets offers competitive pricing through its Prime account, with an average spread of 0.16 on the EUR/USD pair, equating to an all-in cost of 0.76 pips after a per-side commission of $6 per 10,000 traded. While the Standard account is commission-free with no minimum deposit, it comes with higher spreads. The Prime account requires a $2,000 minimum deposit and charges a commission of $6 per round turn per lot, making it favorable for those seeking lower spreads. Meanwhile, the ECN Institutional account caters to active traders with a $20,000 minimum deposit and offers a competitive commission rate of $4 per round turn.
MultiBank, with a 4-star rating and ranked 38th among brokers for its commissions and fees, provides three account types: Standard, Pro, and ECN. The Standard account has a low entry point with a $50 minimum deposit but features higher spreads, making it less suitable for experienced traders. The Pro account lowers the minimum deposit to $1,000 and offers reduced spreads. For the lowest spreads, traders can opt for MultiBank's ECN account, which requires a $10,000 minimum deposit with a small commission of $3 per round trip. However, traders should be mindful of a $60 inactivity fee if the account remains untouched for 90 days.
In summary, BlackBull Markets stands out with its Prime account, offering competitive spreads and manageable commissions, while MultiBank extends flexibility across its account types albeit with notable differences in spread costs and deposit requirements. Choosing between these two brokers will largely depend on your trading style, funding capacity, and preference for spread versus commission structures.
| 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.
BlackBull Markets and MultiBank both offer diverse investment options, including forex trading through CFDs or spot contracts. BlackBull Markets impressively features over 26,000 tradeable symbols, significantly more expansive than MultiBank's offering of 1,042. In terms of forex pairs, BlackBull Markets provides access to 72 options, nearly doubling the choices available at MultiBank which offers 40. Additionally, BlackBull Markets sets itself apart by allowing clients to directly purchase exchange-traded securities on both U.S. and international exchanges, such as shares of Apple and Vodafone, while MultiBank lacks this feature.
Both platforms enable copy trading, and while BlackBull Markets focuses on cryptocurrency derivatives, MultiBank allows for the purchase of actual cryptocurrencies. In terms of the overall range of investments, BlackBull Markets earns a perfect 5-star rating compared to MultiBank's 4 stars. This distinction is further reflected in their rankings by ForexBrokers.com, where BlackBull Markets holds the 6th position out of 62 brokers, whereas MultiBank ranks 37th. These factors together highlight BlackBull Markets as a more versatile choice for traders seeking a broader array of investment opportunities.
| 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 the trading platforms and tools of BlackBull Markets and MultiBank, both brokers offer several noteworthy features but differ in certain areas. BlackBull Markets does not have a proprietary trading platform but supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on both Windows-based desktop and web browsers. MultiBank, on the other hand, offers a proprietary platform in addition to MT4 and MT5, catering to traders who prefer different platform experiences. Both brokers provide free virtual demo accounts, allowing new traders to practice without financial risk, and excel in offering copy trading features. However, BlackBull Markets goes a step further by offering ZuluTrade, whereas MultiBank does not.
In terms of technical tools, BlackBull Markets shines with 60 drawing tools for charting, significantly more than MultiBank's offering of 17, supporting a wide range of technical analysis strategies. Despite this, MultiBank offers a slightly larger dataset for watch lists with seven columns compared to BlackBull’s six. Both brokers allow trading directly from stock charts, catering to active traders who need immediate execution options. Overall, both are rated four stars for their trading platforms and tools, but with BlackBull Markets ranked 29th and MultiBank 39th out of 62 brokers by ForexBrokers.com, BlackBull might offer a slight edge in this arena.
| 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 it comes to mobile trading apps, both BlackBull Markets and MultiBank offer solid options for traders using either iPhone or Android devices. Both platforms provide essential features such as stock and forex price alerts, real-time quotes, and the ability to view multiple time frames. They each support drawing trendlines and offer 30 technical studies for charting, ensuring that users can analyze data effectively on the go. However, BlackBull Markets stands out with its watchlist symbol syncing, allowing users to seamlessly sync their watchlists across devices, a feature not available with MultiBank.
In terms of user satisfaction, both BlackBull Markets and MultiBank receive a commendable rating of 4 out of 5 stars for their mobile trading apps. However, BlackBull Markets holds an edge in industry rankings, securing the 31st spot out of 62 brokers on ForexBrokers.com, while MultiBank is ranked 41st. This difference may reflect subtle distinctions in user experience and app functionality, making BlackBull Markets the slightly better choice for traders prioritizing seamless integration and syncing capabilities in their mobile trading tools.
| 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 comparing market research capabilities, BlackBull Markets and MultiBank cater to traders with varying needs. BlackBull Markets excels in providing daily market commentary and access to technical analysis tools like Autochartist. They also offer a sentiment-based trading tool, which reveals the ratio of long or short positions across various currency pairs. Additionally, BlackBull Markets includes an economic calendar that tracks global news events, earning them a research rating of 4 stars and a ranking of 18th out of 62 brokers by ForexBrokers.com.
In contrast, MultiBank provides forex news from premier sources such as Bloomberg and Reuters, but lacks in areas like daily commentary and tools from Autochartist or sentiment-based instruments. They also include an economic calendar, keeping traders informed of significant global events. With these offerings, MultiBank scores a research rating of 3.5 stars and holds the 49th spot in the same ForexBrokers.com ranking. While both brokers offer valuable resources, BlackBull Markets seems to provide a more comprehensive suite for marketers seeking diverse analytical tools.
| 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.
BlackBull Markets and MultiBank both offer educational resources to help newcomers understand forex and CFDs trading. However, BlackBull Markets tends to provide a more comprehensive learning experience. Both brokers offer at least 10 educational pieces such as articles and videos that focus on forex and CFDs. Yet, BlackBull Markets distinguishes itself by offering monthly online educational webinars, which MultiBank does not provide. Additionally, BlackBull Markets features a searchable archive of past webinars, while MultiBank does not offer this convenience.
In terms of video content, both brokers offer beginner-level educational videos, but only BlackBull Markets provides a series of advanced videos tailored for more experienced traders. BlackBull Markets also extends its educational help by offering an investor dictionary with over 50 investing terms, a feature not available with MultiBank. Overall, BlackBull Markets is rated slightly higher for education, earning 4 stars compared to MultiBank's 3.5 stars. On a list of 62 brokers, BlackBull Markets ranks 29th in the Education category at ForexBrokers.com, whereas MultiBank ranks 50th, suggesting a notable difference in educational offerings.
| 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 62 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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