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 for its high level of trustworthiness, earning a top-tier Trust Score of 99 from ForexBrokers.com. This broker is publicly traded, enhancing its transparency and investor confidence. CMC Markets holds six Tier-1 licenses and one Tier-2 license, solidifying its reputation as a highly trusted option in the trading industry. Though it is not a bank, its extensive regulatory oversight and long-standing market presence make it a preferred choice for traders seeking security and reliability.
On the other hand, MultiBank, established in 2005, has earned a Trust Score of 84, categorized as trusted by ForexBrokers.com. Unlike CMC Markets, MultiBank is not publicly traded but still maintains credibility with three Tier-1 licenses and one Tier-2 license. While both platforms offer secure trading environments, CMC Markets is distinguished by its higher trust rating and greater regulatory coverage, making it potentially more appealing for those prioritizing regulatory assurance in their trading decisions.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Year Founded | 1989 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
CMC Markets vs MultiBank fees: CMC Markets earns 5 stars and ranks #1 of 63 for Commissions and Fees, while MultiBank earns 4 stars and ranks #39. CMC Markets is known for consistently low spreads across account types, with a typical EUR/USD spread of 0.61 pips (Aug 2023). Its FX Active pricing charges $2.50 per side with minimum spreads of zero, delivering an all-in cost of about 0.5 pip on EUR/USD (and several other pairs). High-volume traders can also get additional discounts via the Price Plus Scheme, which reduces spreads based on monthly Trading Points.
MultiBank offers three account types: Standard (minimum deposit $50, wider spreads), Pro ($1,000, lower spreads), and ECN ($10,000) with the lowest spreads plus a small $3 round-trip commission. Note the non-trading costs: MultiBank charges a $60 monthly inactivity fee after 90 days without trading.
Bottom line: For pure trading costs, CMC Markets generally comes out cheaper and more consistent, especially with FX Active and its history of average spreads tracking minimums. MultiBank’s ECN account can be competitive if you meet the higher deposit requirement, but the Standard account tends to be pricier and the inactivity fee adds to costs. Always compare average spreads (not just minimums), include commissions in your math, and check whether FX Active is available in your region.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.65 | 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.
In the CMC Markets vs MultiBank comparison for range of investments, CMC Markets offers far more markets to trade: 12,029 tradeable symbols and 141 forex pairs, versus MultiBank’s 1,042 symbols and 40 forex pairs. Both brokers let you trade forex as CFDs or spot, and both support copy trading.
CMC Markets also lets you buy exchange-traded shares on U.S. and international stock exchanges (not CFDs), while MultiBank does not offer share dealing. For crypto, CMC Markets provides cryptocurrency derivatives but not actual coins; MultiBank offers both crypto derivatives and the ability to buy real crypto. Reflecting this breadth, ForexBrokers.com rates CMC Markets 5 stars and ranks it #9 out of 63 for Range of Investments; MultiBank earns 4 stars and ranks #38. Choose CMC Markets if you want the widest market access and share dealing, or MultiBank if owning real crypto is a priority.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 1042 |
| Forex Pairs (Total) | 141 | 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 vs MultiBank: Both brokers check the key boxes for platform access and flexibility. Each offers a free demo account for paper trading, an in-house proprietary platform, and Windows desktop and web-based platforms. You also get MetaTrader 4 and MetaTrader 5 at both, along with copy trading. Neither supports DupliTrade or ZuluTrade.
For trading tools, both let you place trades directly from charts. CMC Markets supplies 36 drawing tools versus 17 at MultiBank, and its watchlists can show 11 data columns versus 7 at MultiBank; the number of built-in indicators wasn’t specified for either. Independent ratings reflect the gap: ForexBrokers.com gives CMC Markets 5 stars and ranks it #4 out of 63 for Platforms and Tools, while MultiBank earns 4 stars and ranks #40. If you want richer charting and watchlist flexibility, CMC Markets stands out; if you’re focused on a straightforward MetaTrader setup with copy trading, MultiBank covers the essentials.
| 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) | 73 | 38 |
| Charting - Drawing Tools (Total) | 36 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both CMC Markets and MultiBank offer full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, trendline drawing, multiple time frames, and auto-saving of chart drawings. Charting depth is similar: CMC Markets includes 29 technical studies, while MultiBank offers 30. A key difference is watchlist syncing: CMC Markets syncs your watchlists between the app and web platform, but MultiBank does not.
When it comes to quality scores, CMC Markets earns 5 stars and ranks #5 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while MultiBank holds 4 stars and ranks #42. Choose CMC Markets if you value seamless watchlist syncing and a higher-rated overall experience. Pick MultiBank if having a slightly larger set of indicators matters more than cross-device syncing.
| 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.
CMC Markets vs. MultiBank for market research: CMC Markets stands out with daily market commentary, a helpful sentiment tool that shows the ratio of long vs. short positions, and Autochartist for technical and fundamental insights. Both brokers stream forex news from top-tier sources like Reuters or Bloomberg and include an economic calendar. Neither offers Trading Central or TipRanks. CMC Markets does not include Acuity Trading tools, and MultiBank’s Acuity availability is not specified.
Ratings and rankings back up the feature gap. For research, ForexBrokers.com rates CMC Markets at 5 stars and ranks it #6 out of 63 brokers, while MultiBank earns 3.5 stars and ranks #50. If research depth and helpful tools are priorities, CMC Markets has the edge.
| 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 | |
| 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
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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 | 6 | 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) | |||
| 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) | |||
| 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) |
| Investments | CMC Markets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12029 | 1042 | |
| Forex Pairs (Total) | 141 | 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 | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 0.65 | 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) | 73 | 38 | |
| Charting - Drawing Tools (Total) | 36 | 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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