Written by ForexBrokers.com
In this head to head comparison of CMC 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.
Founded in 1989, CMC Markets stands out as a highly trusted online broker with a near-perfect Trust Score of 99 according to ForexBrokers.com. This company is publicly traded, reflecting an additional layer of transparency and accountability. Though not a bank, CMC Markets boasts 5 Tier-1 licenses, underscoring its solid regulatory standing. The broker also maintains 1 Tier-2 license, augmenting its strong reputation in the financial sector.
In contrast, MultiBank was established later, in 2005, and holds a Trust Score of 84, placing it in the trustworthy range. Unlike CMC Markets, MultiBank is not publicly traded. It operates without the status of a bank, yet it still holds a decent regulatory position with 3 Tier-1 licenses and 1 Tier-2 license. MultiBank's credible licenses contribute to its transparency and trustworthiness in the eyes of its clients.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Year Founded | 1989 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
In the realm of online brokerages, CMC Markets shines in the Commissions and Fees category, having earned the top spot in the 2025 Annual Awards. With an impressive 5-star rating, CMC Markets is applauded for its low spreads that cater to all customer segments and account types. CMC Markets’ average spread for EUR/USD stands at a competitive 0.61 pips according to their August 2023 data. Their innovative Price Plus Scheme offers an active trader program that provides trading cost discounts. Two Trading Points per standard lot traded are given, with a potential 20% spread discount at higher trading volumes. Additionally, their FX Active pricing framework introduces a commission-based system offering an all-in trading cost as low as 0.5 pips on several key currency pairs, thereby solidifying their leadership in affordable trading options.
In comparison, MultiBank presents a 4-star rated service for commissions and fees, positioned at 38th out of 63 brokers. They offer three account types: Standard, Pro, and ECN, each with varying deposit requirements and spread structures. While the Standard account requires just a $50 deposit, it carries higher spreads, making it less attractive for experienced traders. The Pro account offers lower spreads for a $1,000 deposit. Meanwhile, the ECN account, demanding a $10,000 deposit, affords the lowest spreads with a $3 round-trip commission. However, potential clients should be mindful of the $60 monthly inactivity fee applied after 90 days of inactivity.
Both brokers present distinct advantages depending on trader needs and experience level. CMC Markets excels with highly competitive commissions and average spreads that align closely with their minimum spreads, while MultiBank offers tiered account options with varying deposit demands. However, if low trading costs and exceptional pricing structures are a priority, CMC Markets stands out as a leading choice in the industry.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.61 | N/A |
| All-in Cost EUR/USD - Active | 0.51 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
CMC Markets and MultiBank both facilitate online trading, offering forex trading as CFDs or spot contracts. However, CMC Markets provides a more diverse range of investment options. With an impressive 11,925 tradeable symbols compared to MultiBank's 1,042, CMC Markets stands out as a more versatile choice. They offer a higher number of tradeable forex pairs – 156 pairs compared to MultiBank's 40. In addition, CMC Markets allows clients to invest in exchange-traded securities on both U.S. and international exchanges, while MultiBank does not offer this option.
Another key difference is in cryptocurrency offerings. While CMC Markets provides cryptocurrency derivatives, MultiBank goes a step further by offering access to actual cryptocurrencies. Both brokers support copy trading, giving users options for trading strategies. In terms of ratings, CMC Markets achieves a full 5-star rating and ranks 9th out of 63 brokers for its range of investments, while MultiBank earns 4 stars and a 37th place ranking in the same category, highlighting CMC Markets’ superior investment diversity.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 1042 |
| Forex Pairs (Total) | 156 | 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.
CMC Markets and MultiBank both provide traders with a rich suite of tools and platforms to enhance the trading experience. Both brokers offer simulated trading with free virtual demo accounts, allowing users to practice without risking real money. Each has developed proprietary platforms in-house and provides both Windows-based desktop and web-based trading options, ensuring flexibility and accessibility for traders. Additionally, CMC Markets and MultiBank both support MetaTrader 4 and MetaTrader 5, catering to traders who prefer these well-established platforms. They also offer copy trading, which allows users to mimic the trades of experienced investors.
Despite these similarities, CMC Markets distinguishes itself with a broader array of drawing tools for charting, offering 40 compared to MultiBank's 17. This can be advantageous for those who rely heavily on technical analysis. Additionally, CMC Markets provides traders with the ability to customize watch lists with up to 11 columns, surpassing MultiBank's seven. In terms of ratings, CMC Markets is awarded five stars for its trading platforms and tools, while MultiBank receives four. ForexBrokers.com ranks CMC Markets as the fourth-best out of 63 brokers in this category, whereas MultiBank ranks 39th, reflecting CMC’s superior overall offering in trading platforms and tools.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | No |
| Charting - Indicators / Studies (Total) | 79 | 38 |
| Charting - Drawing Tools (Total) | 40 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of CMC Markets and MultiBank, both brokers offer apps for iPhone and Android users, along with essential features like stock and forex price alerts. CMC Markets shines with its ability to sync watchlists between the mobile app and the client’s online account, a feature MultiBank does not support. With 29 technical studies available, CMC Markets is slightly behind MultiBank, which offers 30. Both trading platforms allow users to draw trendlines, view multiple time frames, and auto-save chart drawings. Additionally, users can create watchlists with real-time quotes on both apps.
Despite MultiBank offering a comparable number of technical studies, CMC Markets receives higher praise with a 5-star rating for its mobile trading experience compared to MultiBank's 4 stars. This acclaim is further reflected in their rankings on ForexBrokers.com, where CMC Markets holds the 5th position out of 63 brokers, significantly ahead of MultiBank's 41st spot. These differences indicate that while both platforms offer comprehensive mobile trading tools, CMC Markets may provide a more seamless and higher-rated user experience.
| Feature |
CMC 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 | 29 | 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 it comes to market research, CMC Markets provides a comprehensive set of tools and information that can enhance trading strategies for everyday users. CMC Markets offers daily market commentary, which MultiBank does not, giving traders an edge with fresh insights. Furthermore, both brokers deliver forex news from reputable sources like Bloomberg and Reuters. However, CMC Markets goes a step further by offering technical analysis tools from Autochartist and a sentiment-based trading tool, which shows the ratio of long or short positions across different instruments. MultiBank does not offer these particular tools, which could be a drawback for some traders looking for more sophisticated analysis options.
Both CMC Markets and MultiBank offer economic calendars to keep traders informed about key global news events. Despite this common feature, CMC Markets continues to outperform MultiBank in terms of research offerings, achieving a perfect 5-star rating compared to MultiBank's 3.5 stars. Ranked #6 among 63 brokers by ForexBrokers.com, CMC Markets stands as a leader in the Research category, significantly outranking MultiBank, which holds the #49 position. This difference highlights CMC Markets as a favored choice for those who prioritize market research capabilities in their online trading experience.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | 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.
When it comes to educational resources for beginners, CMC Markets stands out with a comprehensive suite of offerings. It provides a wealth of educational materials, including more than ten articles and videos focused on forex and CFDs, along with a searchable archive of recorded webinars. For beginners eager to learn the ropes of trading, CMC Markets offers over ten educational videos dedicated specifically to foundational trading topics. Additionally, an investor dictionary with over fifty terms further enriches the learning experience for newcomers. With its vast array of learning tools, CMC Markets earns a top-tier rating of 5 stars and ranks #10 out of 63 brokers in the Education category, according to ForexBrokers.com.
On the other hand, MultiBank delivers a more modest educational package. Like CMC Markets, it offers over ten educational pieces on forex and CFDs and also provides beginner-friendly videos. However, MultiBank does not have a searchable archive of webinars or offer advanced educational videos for seasoned traders. Moreover, the lack of an investor dictionary might leave beginners seeking additional resources elsewhere. As a result, MultiBank receives a 3.5-star rating and is ranked #50 out of 63 brokers for education by ForexBrokers.com. Beginners might find MultiBank helpful, but those seeking a more extensive learning journey may lean toward CMC Markets.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | 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 63 of the best forex brokers, our research and account testing finds that CMC Markets is better than MultiBank. CMC Markets finished with an overall rank of #4, while MultiBank finished with an overall rank of #40.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 99 | 84 |
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While both CMC Markets and MultiBank provide the option to trade cryptocurrency derivatives, only MultiBank allows the purchase of actual delivered cryptocurrency, setting it apart from CMC Markets which does not offer this feature.
Both CMC Markets and MultiBank support ACH and SEPA transfers, as well as Visa/Mastercard and bank wire transactions for account deposit or withdrawal, but while CMC Markets enables PayPal transactions, MultiBank provides Skrill as an alternative option.
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 | CMC Markets | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | MultiBank Review |
| Broker Screenshots | CMC Markets | MultiBank | |
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| Regulation | CMC Markets | MultiBank | |
|---|---|---|---|
| Trust Score | 99 | 84 | |
| Year Founded | 1989 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | MultiBank | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | CMC Markets | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | CMC Markets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 1042 | |
| Forex Pairs (Total) | 156 | 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 | CMC Markets | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.61 | N/A | |
| All-in Cost EUR/USD - Active | 0.51 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | CMC Markets | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | CMC Markets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 79 | 38 | |
| Charting - Drawing Tools (Total) | 40 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC 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 | 29 | 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 | CMC Markets | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | 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 | CMC 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 | CMC Markets Review | MultiBank Review |
| Overall | CMC Markets | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | MultiBank Review |
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