City Index vs MultiBank 2025
In this head to head comparison of City Index vs MultiBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In this head to head comparison of City Index 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.
City Index, established in 1983, has built a strong reputation with its high level of trustworthiness, reflected in an outstanding Trust Score rating of 99 out of 99 on ForexBrokers.com. As a publicly traded company, it holds seven Tier-1 licenses, marking it as a highly trusted online broker. Though not a bank, City Index's standing as a reliable choice is further enhanced by its additional Tier-2 license, positioning it as a secure option for online trading enthusiasts.
Founded in 2005, MultiBank maintains a robust presence in the online brokerage landscape, featuring a Trust Score rating of 84, which means it is considered trusted by ForexBrokers.com. While MultiBank is not publicly traded nor a bank, it possesses three Tier-1 licenses and one Tier-2 license. This regulatory framework supports its reputation as a trustworthy trading platform, attracting users who prioritize reliable oversight in their financial transactions.
Feature |
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Year Founded | 1983 | 2005 |
Publicly Traded (Listed) | Yes | No |
Bank | No | No |
Tier-1 Licenses | 7 | 3 |
Tier-2 Licenses | 1 | 1 |
Tier-3 Licenses | 0 | 0 |
Tier-4 Licenses | 1 | 3 |
City Index and MultiBank both aim to keep trading costs competitive, but they take different approaches. City Index earns 4.5 out of 5 stars for Commissions and Fees and ranks #15 out of 63 brokers at ForexBrokers.com, while MultiBank scores 4 out of 5 stars and ranks #39 out of 63. In short, City Index offers pricing around the industry average with volume-based discounts, whereas MultiBank’s costs vary more by account type and activity.
City Index posts an average EUR/USD spread of 0.74 pips (July 2023) on its CFD account—competitive, though not the absolute cheapest. You’ll generally get the best pricing on City Index’s own platforms or MetaTrader. Active traders who deposit over £10,000 can apply for the Premium Trader account for exclusive pricing and service. There are also rebates for high-volume traders: in the U.K., £4 to £7.5 per million depending on monthly volume, and in Australia, AUD $4.5 to $14.5 per million across tiers.
MultiBank offers three accounts. The Standard account has a low $50 minimum deposit but higher spreads. The Pro account lowers spreads with a $1,000 minimum. The ECN account delivers the tightest spreads, requires a $10,000 minimum, and adds a $3 round-trip commission per trade. Be aware of non-trading costs: MultiBank charges a $60 monthly inactivity fee after 90 days without trading. For frequent traders with larger balances, MultiBank’s ECN can be cost-effective; casual traders may find the Standard account’s higher spreads and potential inactivity fees add up.
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Minimum Deposit | £100.00 | $50 |
Average spread (EUR/USD) - Standard account | 1.4 | N/A |
All-in Cost EUR/USD - Active | 0.74 | N/A |
Non-wire bank transfer | Yes | Yes |
PayPal (Deposit/Withdraw) | Yes | |
Skrill (Deposit/Withdraw) | No | |
Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index vs MultiBank: both brokers offer forex trading as CFDs or spot contracts and support copy trading, but their product lineups differ in size. City Index lists about 13,500 tradeable symbols and 66 forex pairs, while MultiBank offers around 1,042 symbols and 40 forex pairs. Neither broker lets you buy real, exchange-traded stocks on U.S. or international exchanges, so you can’t purchase shares like Apple or Vodafone directly.
For crypto, City Index provides cryptocurrency via CFDs only, whereas MultiBank lets you buy actual crypto as well as crypto CFDs. Reflecting the broader selection, ForexBrokers.com rates City Index 5 stars for Range of Investments and ranks it #8 out of 63 brokers; MultiBank earns 4 stars and ranks #38. In short, choose City Index for the widest symbol variety, or pick MultiBank if owning real cryptocurrency matters to you.
Feature |
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Forex Trading (Spot or CFDs) | Yes | Yes |
Tradeable Symbols (Total) | 13500 | 1042 |
Forex Pairs (Total) | 66 | 40 |
U.S. Stocks (Shares) | No | No |
Global Stocks (Non-U.S. Shares) | No | No |
Copy Trading | Yes | Yes |
Cryptocurrency (Underlying) | No | Yes |
Cryptocurrency (CFDs) | 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.
City Index and MultiBank both check the key boxes for platform choice and ease of use. Each offers a free demo account for paper trading, a proprietary platform, a Windows desktop download, a web-based platform, and copy trading. Both support MetaTrader 4 (MT4) and let you trade directly from charts. Only MultiBank adds MetaTrader 5 (MT5). The number of built-in technical indicators and watch list columns is not specified for either broker.
For trading platforms and tools, City Index is rated 4.5 out of 5 stars and ranks #11 out of 63 brokers on ForexBrokers.com, while MultiBank is rated 4 out of 5 stars and ranks #40. If you want MT5, MultiBank has it; if you prioritize higher third-party ratings for platform quality, City Index may be the better fit.
Feature |
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Virtual Trading (Demo) | Yes | Yes |
Proprietary Desktop Trading Platform | Yes | Yes |
Desktop Platform (Windows) | Yes | Yes |
Web Platform | Yes | Yes |
Copy Trading | Yes | Yes |
MetaTrader 4 (MT4) | Yes | Yes |
MetaTrader 5 (MT5) | No | Yes |
Charting - Indicators / Studies (Total) | 88 | 38 |
Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and MultiBank both offer mobile trading apps for iPhone and Android, complete with price alerts. Each app lets you draw trendlines on charts and automatically saves your drawings. A standout difference is watchlists: City Index syncs your watchlists between the app and the web platform, while MultiBank does not, so you’d manage lists separately on each device.
If you value charting tools, City Index offers 88 built-in technical indicators compared with 30 on MultiBank. That advantage shows in third-party ratings: on ForexBrokers.com’s Mobile Trading Apps category, City Index scores 4.5/5 stars and ranks 9th out of 63 brokers, while MultiBank scores 4/5 stars and ranks 42nd. Traders who want deeper chart tools and seamless watchlist syncing may prefer City Index, while MultiBank covers the core features on both iPhone and Android.
Feature |
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Android App | Yes | Yes |
Apple iOS App | Yes | Yes |
Mobile Price Alerts | Yes | Yes |
Mobile Watchlists - Syncing | Yes | No |
Mobile Charting - Indicators / Studies | 88 | 30 |
Mobile Charting - Draw Trendlines | Yes | Yes |
Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index offers a stronger set of market research tools than MultiBank. City Index provides daily market commentary, forex news from top-tier sources (e.g., Bloomberg, Reuters, Dow Jones), Trading Central analytics, a sentiment tool that shows the ratio of long vs. short positions, and an easy-to-read economic calendar. MultiBank delivers forex news from leading sources and an economic calendar, but it does not offer daily commentary, Trading Central tools, or a sentiment tool. Neither broker integrates Autochartist or TipRanks. City Index does not use Acuity Trading; MultiBank’s use of Acuity Trading is not specified.
For research quality, City Index is rated 4.5/5 and ranked #10 out of 63 brokers by ForexBrokers.com, while MultiBank is rated 3.5/5 and ranked #50. If you value in-platform insights and analysis tools, City Index is the more capable choice, while MultiBank covers the basics.
Feature |
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Daily Market Commentary (Articles) | Yes | No |
Forex News (Top-Tier Sources) | Yes | Yes |
Autochartist | No | No |
Trading Central | Yes | No |
Client sentiment data | Yes | No |
TipRanks | No | No |
Acuity Trading | No | |
Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing trading education at City Index and MultiBank, both brokers provide plenty of beginner-friendly video lessons (10+). City Index stands out by hosting client webinars at least once a month, giving newcomers a chance to learn live and ask questions. It also offers a deeper library with 10+ advanced videos for when you’re ready to go beyond the basics, whereas MultiBank does not provide the same level of advanced video content and does not run monthly educational webinars.
These differences show up in independent ratings: City Index earns 4.5 out of 5 stars for Education and ranks #9 out of 63 brokers at ForexBrokers.com, while MultiBank scores 3.5 stars and ranks #50. If you want ongoing live sessions and a clear path from beginner to advanced topics, City Index is the stronger choice. If you mainly want a set of beginner videos to learn core forex and CFD concepts, MultiBank can cover the essentials.
Feature |
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Webinars | Yes | No |
Videos - Beginner Trading Videos | Yes | Yes |
Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than MultiBank. City Index finished with an overall rank of #8, while MultiBank finished with an overall rank of #40.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
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Trust Score | 99 | 84 |
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In the City Index vs MultiBank comparison, City Index offers only cryptocurrency CFDs and does not support buying actual (delivered) crypto, while MultiBank allows traders to buy both real (delivered) cryptocurrencies and crypto CFDs.
City Index vs MultiBank: both online brokers support ACH/SEPA transfers; City Index additionally accepts PayPal and bank wire deposits/withdrawals but not Skrill, while card (Visa/Mastercard) availability for both and MultiBank’s support for PayPal, Skrill, and bank wires are not specified.
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 5Overall Rating | City Index | MultiBank | |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 99 | 84 | |
Winner | check_circle | ||
Review | City Index Review | MultiBank Review |
Broker Screenshots | City Index | MultiBank | |
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Broker Gallery (click to expand) |
Regulation | City Index | MultiBank | |
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Trust Score | 99 | 84 | |
Year Founded | 1983 | 2005 | |
Publicly Traded (Listed) | Yes | No | |
Bank | No | No | |
Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
Tier-1 Licenses | 7 | 3 | |
Tier-2 Licenses | 1 | 1 | |
Tier-3 Licenses | 0 | 0 | |
Tier-4 Licenses | 1 | 3 |
Tier-1 Licenses (Highly Trusted) | City Index | MultiBank | |
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Australia (ASIC Authorised) | Yes | Yes | |
Canada (CIRO Authorised) | Yes | No | |
Hong Kong (SFC Authorised) | No | No | |
Japan (SFC Authorised) | No | No | |
Singapore (MAS Authorised) | Yes | Yes | |
Switzerland (FINMA Authorised) | |||
United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | City Index | MultiBank | |
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Kenya (CMA Authorised) | |||
Israel (ISA Authorised) | No | No | |
South Africa (FSCA Authorised) | No | No | |
UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
India (SEBI Authorised) | No | No | |
Jordan (JSC Authorised) |
Investments | City Index | MultiBank | |
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Forex Trading (Spot or CFDs) | Yes | Yes | |
Tradeable Symbols (Total) | 13500 | 1042 | |
Forex Pairs (Total) | 66 | 40 | |
U.S. Stocks (Shares) | No | No | |
Global Stocks (Non-U.S. Shares) | No | No | |
Copy Trading | Yes | Yes | |
Cryptocurrency (Underlying) | No | Yes | |
Cryptocurrency (CFDs) | 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 | City Index | MultiBank | |
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Average spread (EUR/USD) - Standard account | 1.4 | N/A | |
All-in Cost EUR/USD - Active | 0.74 | N/A | |
Inactivity Fee | Yes | Yes | |
Order execution: Agency | No | No | |
Order execution: Market Maker | Yes | Yes |
Funding | City Index | MultiBank | |
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Minimum Deposit | £100.00 | $50 | |
PayPal (Deposit/Withdraw) | Yes | ||
Skrill (Deposit/Withdraw) | No | ||
Bank Wire (Deposit/Withdraw) | Yes | ||
Non-wire bank transfer | Yes | Yes |
Trading Platforms | City Index | MultiBank | |
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Proprietary Desktop Trading Platform | Yes | Yes | |
Desktop Platform (Windows) | Yes | Yes | |
Web Platform | Yes | Yes | |
Copy Trading | Yes | Yes | |
MetaTrader 4 (MT4) | Yes | Yes | |
MetaTrader 5 (MT5) | No | Yes | |
cTrader | No | No |
Trading Tools | City Index | MultiBank | |
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Virtual Trading (Demo) | Yes | Yes | |
Price Alerts | Yes | Yes | |
Charting - Indicators / Studies (Total) | 88 | 38 | |
Charting - Trade From Chart | Yes | Yes | |
Charts can be saved | Yes | Yes |
Mobile Trading | City Index | MultiBank | |
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Android App | Yes | Yes | |
Apple iOS App | Yes | Yes | |
Mobile Price Alerts | Yes | Yes | |
Mobile Watchlist [DELETED] | |||
Mobile Watchlists - Syncing | Yes | No | |
Mobile Charting - Indicators / Studies | 88 | 30 | |
Mobile Charting - Draw Trendlines | Yes | Yes | |
Mobile Charting - Trendlines Autosave | Yes | Yes | |
Mobile Research - Economic Calendar | Yes | Yes |
Research | City Index | MultiBank | |
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Daily Market Commentary (Articles) | Yes | No | |
Forex News (Top-Tier Sources) | Yes | Yes | |
Autochartist | No | No | |
Trading Central | Yes | No | |
TipRanks | No | No | |
Client sentiment data | Yes | No | |
Economic Calendar | Yes | Yes |
Education | City Index | MultiBank | |
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Webinars | Yes | No | |
Videos - Beginner Trading Videos | Yes | Yes | |
Videos - Advanced Trading Videos | Yes | No |
Major Forex Pairs | City Index | MultiBank | |
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GBP/USD [DELETED] | |||
USD/JPY [DELETED] | |||
EUR/USD | Yes | Yes | |
USD/CHF [DELETED] | |||
USD/CAD [DELETED] | |||
NZD/USD [DELETED] | |||
AUD/USD [DELETED] | |||
Review | City Index Review | MultiBank Review |
Overall | City Index | MultiBank | |
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Overall Rating |
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Commissions & Fees |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 99 | 84 | |
Winner | check_circle | ||
Review | City Index Review | MultiBank Review |