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City Index vs MultiBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 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.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
MultiBank
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 84
  • Tradeable Symbols (Total): 1042

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

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 City Index logoCity Index
MultiBank logoMultiBank
Year Founded info 1983 2005
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3

Fees

When comparing City Index and MultiBank in terms of commissions and fees, City Index stands out for offering competitive pricing that aligns with the industry standard. Traders can achieve the best pricing using City Index’s proprietary platforms or MetaTrader, especially if they opt for the Premium Trader account. Eligible active traders in this account enjoy exclusive pricing and dedicated support. The CFD account at City Index features an average spread of 0.74 pips on the EUR/USD, which is average in the industry. U.K.-based and Australian professional traders can benefit from active trader rebates, with rates varying based on monthly trade volumes. City Index boasts a high rating of 4.5 stars and ranks #14 out of 62 brokers for commissions and fees according to ForexBrokers.com.

MultiBank, on the other hand, offers three account types—Standard, Pro, and ECN—each with different requirements and benefits. The Standard account requires a minimal deposit of $50 but has relatively higher spreads, making it more suitable for beginners. The Pro account, with a $1,000 minimum deposit, provides access to lower spreads, while the ECN account offers the most competitive spreads with a $10,000 deposit and a $3 per trade commission. However, MultiBank incurs a $60 monthly inactivity fee for accounts dormant for 90 days. MultiBank receives a 4-star rating and ranks #37 out of 62 brokers for commissions and fees.

Overall, City Index offers a more favorable fee structure for active traders, particularly those who manage significant volumes, while MultiBank caters to varying levels of traders through its diverse account types. Both brokers present unique benefits, making the choice dependent on individual trading needs and experience levels.

Feature City Index logoCity Index
MultiBank logoMultiBank
Minimum Deposit info £100.00 $50
Average Spread EUR/USD - Standard info 1.4 info N/A
All-in Cost EUR/USD - Active info 0.74 info N/A
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index and MultiBank both provide forex trading options as CFDs or spot contracts, catering to those interested in currency markets. However, City Index stands out with a substantially larger range of investment options, offering an impressive 13,500 tradeable symbols and 66 forex pairs. In contrast, MultiBank offers 1,042 tradeable symbols and 40 forex pairs, reflecting a narrower selection. Both platforms do not allow clients to purchase exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares, which may be a consideration for traditional stock traders.

In terms of features, both City Index and MultiBank provide copy trading and cryptocurrency derivatives, allowing users to follow experienced traders and access crypto markets indirectly. Yet, only MultiBank enables clients to purchase actual cryptocurrencies. When it comes to rankings and ratings for their range of investments, City Index receives 5 stars and an impressive #8 ranking out of 62 brokers on ForexBrokers.com, while MultiBank earns 4 stars and is ranked #37. This suggests City Index offers a more extensive and well-regarded investment variety, appealing to investors seeking a broad array of trading opportunities.

Feature City Index logoCity Index
MultiBank logoMultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 1042
Forex Pairs (Total) info 66 40
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) 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

City Index and MultiBank both stand out with user-friendly trading platforms, providing ample functionality for traders of all levels. Each broker offers a proprietary platform along with popular third-party options like MetaTrader 4. While City Index does not offer MetaTrader 5, MultiBank does, giving it a slight edge for traders who prefer this version's advanced features. Both brokers enable trading directly from stock charts and provide virtual demo accounts to help users practice trading without risking real money. Furthermore, City Index impresses with 239 available charting drawing tools compared to MultiBank's 17, although both excel in offering identical features such as web-based and Windows desktop platforms, alongside copy trading capabilities.

City Index further distinguishes itself with a higher number of watch list columns, offering 11 fields versus MultiBank’s 7, which may appeal to traders who benefit from detailed market tracking. While both brokers achieve strong ratings for their trading platforms and tools, with City Index receiving a commendable 4.5 stars compared to MultiBank's 4 stars, these differences are reflected in their rankings. City Index is ranked #10 out of 62 brokers on ForexBrokers.com, whereas MultiBank holds the #39 position. These features combine to offer traders varied, powerful tools whether they are just starting or are more seasoned investors looking to maximize their trading potential.

Feature City Index logoCity Index
MultiBank logoMultiBank
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 88 38
Charting - Drawing Tools (Total) info 239 17
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 11 7
View More

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

Forex trading apps

City Index and MultiBank both offer user-friendly mobile trading apps for iPhone and Android devices, making it convenient for traders to access financial markets on the go. Both services provide stock or forex price alerts and the ability to draw trendlines and view multiple time frames on charts, which are essential tools for active traders. Additionally, their mobile apps allow users to create watchlists with real-time quotes. However, City Index stands out by offering symbol syncing between the mobile app and the online account, ensuring that any changes are seamlessly synchronized. In comparison, MultiBank lacks this feature.

In terms of technical analysis, City Index provides 88 technical studies within its mobile app, significantly more than the 30 offered by MultiBank. This may appeal to traders seeking a more in-depth analytical experience. Both platforms allow users to auto-save drawings on charts, which is a handy feature for maintaining analysis across devices. When it comes to recognition, City Index receives a higher rating of 4.5 stars out of five for its mobile trading apps, compared to MultiBank’s 4 stars. Moreover, City Index is ranked 9th out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com, whereas MultiBank is ranked 41st, indicating a stronger reputation and user satisfaction for City Index.

Feature City Index logoCity Index
MultiBank logoMultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When evaluating market research capabilities, City Index stands out for its comprehensive offerings. It provides daily market commentary and is equipped with forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, ensuring that traders have access to reliable information. City Index also offers advanced tools like Trading Central's technical analytics and a sentiment-based trading tool that shows the ratio of long or short positions across various instruments. Coupled with an economic calendar that highlights global news events, City Index earns a commendable research rating of 4.5 out of 5 stars and ranks 10th among 62 brokers on ForexBrokers.com.

On the other hand, MultiBank presents a more limited range of research services. While it does provide forex news from leading sources and also includes an economic calendar, it falls short in other areas. MultiBank lacks daily market commentary, Trading Central tools, and sentiment-based trading insights, which are crucial for informed decision-making. As a result, MultiBank receives a research rating of 3.5 out of 5 stars and ranks 49th out of 62 brokers on ForexBrokers.com. This comparison highlights City Index as a more resourceful option for traders seeking in-depth market research tools and insights.

Feature City Index logoCity Index
MultiBank logoMultiBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing the educational resources available at City Index and MultiBank, it's clear that both platforms offer a solid foundation for beginners looking to delve into forex and CFD trading. Both brokers provide more than 10 educational pieces, such as articles and videos, which serve as a helpful starting point for anyone new to trading. Furthermore, each broker supplies at least 10 video tutorials tailored specifically for novice traders. However, the landscape starts to shift when looking at live webinars and archived content. City Index hosts monthly educational webinars and also offers a searchable archive of previously recorded sessions, which are invaluable for those who prefer interactive learning or want to revisit topics on demand. In contrast, MultiBank does not deliver monthly webinars or maintain an archive of past sessions, which might limit learning opportunities for enthusiastic beginners.

For more advanced traders aiming to expand their knowledge further, City Index stands out by providing over 10 advanced educational videos. Additionally, City Index includes an investor dictionary featuring definitions for more than 50 investing terms, offering a comprehensive glossary for traders to reference. On the other hand, MultiBank doesn't match up in these specific areas—lacking both advanced content and a substantial investor dictionary. When evaluated for their educational offerings, City Index receives a commendable 4.5-star rating and holds the ninth spot out of 62 brokers as ranked by ForexBrokers.com. Meanwhile, MultiBank earns a 3.5-star rating and ranks 50th, indicating that City Index might be the preferable option for beginners serious about expanding their trading knowledge.

Feature City Index logoCity Index
MultiBank logoMultiBank
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 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.

Feature City Index logoCity Index
MultiBank logoMultiBank
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 84
Range of Investments 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with City Index or MultiBank?

City Index allows trading of cryptocurrency derivatives but not the purchase of actual cryptocurrencies, whereas MultiBank offers the capability to buy both actual cryptocurrencies and cryptocurrency derivatives.

What funding options does each broker offer?

When comparing the deposit and withdrawal options of online brokers City Index and MultiBank, both platforms support ACH or SEPA transfers, Visa or Mastercard, and bank wires, but differ in digital wallets, as City Index offers PayPal while MultiBank supports Skrill instead.




announcementPlease 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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Compare

0 of 5
Overall Rating City Index MultiBank
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 84
Winner check_circle
Review City Index Review MultiBank Review
Broker Screenshots City Index MultiBank
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation City Index MultiBank
Trust Score info 99 84
Year Founded info 1983 2005
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3
Tier-1 Licenses (Highly Trusted) City Index MultiBank
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes Yes
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses (Trusted) City Index MultiBank
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments City Index MultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 1042
Forex Pairs (Total) info 66 40
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) 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 City Index MultiBank
Average Spread EUR/USD - Standard info 1.4 info N/A
All-in Cost EUR/USD - Active info 0.74 info N/A
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes Yes
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding City Index MultiBank
Minimum Deposit info £100.00 $50
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes Yes
Trading Platforms City Index MultiBank
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools City Index MultiBank
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 11 7
Charting - Indicators / Studies (Total) info 88 38
Charting - Drawing Tools (Total) info 239 17
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index MultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research City Index MultiBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education City Index MultiBank
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs City Index MultiBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review City Index Review MultiBank Review
Overall City Index MultiBank
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 84
Winner check_circle
Review City Index Review MultiBank Review
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