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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

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.

Feature City Index logoCity Index
MultiBank logoMultiBank
Minimum Deposit info £100.00 $50
Average spread (EUR/USD) - Standard account info 1.4 info N/A
All-in Cost EUR/USD - Active info 0.74 info N/A
Non-wire bank transfer info Yes Yes
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

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 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. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No 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

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 City Index logoCity Index
MultiBank logoMultiBank
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes 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 No Yes
Charting - Indicators / Studies (Total) info 88 38
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

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 City Index logoCity Index
MultiBank logoMultiBank
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 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 City Index logoCity Index
MultiBank logoMultiBank
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes 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 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 City Index logoCity Index
MultiBank logoMultiBank
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 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
Platforms & 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?

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.

What funding options does each broker offer?

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.




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
Platforms & 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
Broker 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
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
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
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. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No 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 City Index MultiBank
Average spread (EUR/USD) - Standard account info 1.4 info N/A
All-in Cost EUR/USD - Active info 0.74 info N/A
Inactivity Fee info Yes Yes
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding City Index MultiBank
Minimum Deposit info £100.00 $50
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info Yes Yes
Trading Platforms City Index MultiBank
Proprietary Desktop Trading Platform info Yes 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 No Yes
cTrader info No No
Trading Tools City Index MultiBank
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 88 38
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 Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research City Index MultiBank
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes No
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education City Index MultiBank
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs City Index 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 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
Platforms & 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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