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 |
When comparing online brokers based on their commissions and fees, CMC Markets stands out as a top choice with its coveted 5-star rating and #1 ranking according to ForexBrokers.com. Known for consistently low spread offerings, CMC Markets caters to a broad range of customer segments and account types. With an average spread of 0.61 pips on the EUR/USD, their pricing is highly competitive within the industry. The broker also offers an active trader program, known as the Price Plus Scheme, which rewards high trading volumes with significant discounts. Notably, their FX Active pricing, available in several regions, charges a $2.50 commission per side with minimum spreads of zero pips, making it an attractive option for cost-effective trading.
In comparison, MultiBank receives a respectable 4-star rating and ranks #38 in the same Commissions and Fees category. MultiBank offers three account types: Standard, Pro, and ECN, each with different requirements and benefits. The Standard account is accessible with a $50 minimum deposit but has higher spreads, making it best for beginners. The Pro account, requiring a $1,000 minimum deposit, benefits traders with lower spreads. MultiBank's ECN account, while demanding a $10,000 minimum deposit, provides the lowest spreads and a small commission of $3 per trade. However, potential customers should be aware of a $60 monthly inactivity fee, should their accounts go dormant for 90 days.
In essence, CMC Markets leads the industry with its low-cost offerings and flexible fee structures, making it a favored choice among traders seeking value. MultiBank provides valuable options as well, especially for those willing to commit more significant funds to access lower spreads through their ECN account. Both brokers cater to different needs and preferences, allowing traders to choose based on their specific financial strategies and goals.
| 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.
When comparing the range of investments available at CMC Markets and MultiBank, significant differences emerge that may influence traders' choices. CMC Markets stands out by offering an impressive 11,925 tradeable symbols, which is vastly more than MultiBank's 1,042 symbols. In terms of forex trading, CMC Markets provides access to 156 forex pairs, while MultiBank offers 40 pairs. Both brokers facilitate forex trading through Contracts for Difference (CFDs) and spot trading. Furthermore, CMC Markets allows clients to purchase exchange-traded securities on U.S. and international exchanges, enabling investments in stocks like Apple and Vodafone, a feature MultiBank does not offer.
In the cryptocurrency domain, MultiBank offers a slight edge as it allows the purchase of actual cryptocurrencies, unlike CMC Markets, which only provides derivatives. Both brokers offer copy trading features, which can be appealing to traders looking to mirror successful strategies. CMC Markets receives a better rating from ForexBrokers.com with five stars and a commendable 9th place ranking out of 62 brokers for their range of investments. In comparison, MultiBank garners four stars and is positioned at 37th. These distinctions highlight CMC Markets as a more diverse platform in terms of investment opportunities.
| 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.
When comparing trading platforms and tools, both CMC Markets and MultiBank offer comprehensive features that cater to traders' needs, yet they vary in certain aspects. Both brokers provide simulated trading with free virtual demo accounts, enabling newcomers and seasoned traders to practice without financial risk. They each support proprietary platforms and have downloadable Windows desktop platforms as well as web-based trading accessible via browser, ensuring flexibility and convenience. Additionally, both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with copy trading capabilities, allowing traders a versatile range of tools for an enhanced trading experience.
Despite these similarities, CMC Markets shines with a higher offering in terms of tools for charting and watch list customization. It provides 40 drawing tools compared to MultiBank’s 17 and offers 11 columns for watch lists versus MultiBank’s 7, giving traders more ways to analyze and manage their trades. CMC Markets is rated at 5 stars for its trading platforms and tools, showcasing its strength in this area, while MultiBank holds a 4-star rating. Furthermore, CMC Markets excels in rankings, being placed at #4 out of 62 brokers by ForexBrokers.com in the Trading Platforms and Tools category, whereas MultiBank ranks at #39. These distinctions highlight CMC Markets as a more highly acclaimed option for those seeking advanced trading tools and broader functionality.
| 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 it comes to mobile trading apps, both CMC Markets and MultiBank provide apps for iPhone and Android users, ensuring traders can keep an eye on the markets from their mobile devices. Essential features like stock and forex price alerts are available on both platforms, keeping users informed of important market movements. However, CMC Markets takes a leap with its watchlist symbol syncing feature, which allows users to change their watchlists seamlessly between their mobile app and online account. MultiBank, on the other hand, does not support this syncing ability, which could be a consideration for traders who prioritize seamless integration between devices.
In terms of charting capabilities, CMC Markets offers 29 technical studies, slightly trailing behind MultiBank's 30. Both platforms permit users to draw trendlines on charts and view multiple time frames, such as daily, weekly, or intraday. They also auto-save drawings on stock or forex charts, ensuring no loss of valuable work. While both apps offer the creation of watchlists with real-time quotes, CMC Markets edges ahead with its impressive five-star rating for mobile trading apps and ranks 5th out of 62 brokers on ForexBrokers.com. MultiBank, comparatively, holds a four-star rating and ranks 41st, which could reflect the difference in user satisfaction and the overall user experience provided by the two apps.
| 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 takes the lead over MultiBank by offering a wider array of tools and features. Notably, CMC Markets provides daily market commentary, which is absent at MultiBank, giving traders a significant edge in staying updated. Both brokers offer forex news from reputable sources like Bloomberg and Reuters, but CMC Markets additionally enhances the trading experience with technical analysis tools from Autochartist and sentiment-based trading tools that MultiBank does not provide. Furthermore, CMC Markets supplies an economic calendar, a feature also available with MultiBank, but CMC Markets garners a higher overall research rating.
In terms of ratings, CMC Markets shines bright with a 5-star research rating, in contrast to MultiBank's 3.5 stars. This distinction is reflected in their rankings by ForexBrokers.com, with CMC Markets securing the #6 spot among 62 brokers, whereas MultiBank is positioned at #49. With these offerings, CMC Markets clearly emerges as a more favorable choice for traders who prioritize comprehensive market research tools and insights.
| 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 beginner traders, CMC Markets and MultiBank both offer a range of materials to help newcomers understand the world of forex and CFDs. Both platforms provide over ten educational pieces, including articles and videos tailored for forex and CFDs trading, making them accessible starting points for beginners. However, while neither CMC Markets nor MultiBank conducts regular monthly webinars, CMC Markets offers the added advantage of a searchable archive of past client webinars. This can be particularly beneficial for beginners who wish to revisit materials at their own pace.
Regarding video tutorials, both brokers supply at least ten beginner-focused educational videos. CMC Markets goes a step further by also providing advanced video content for more experienced traders, something MultiBank lacks. Moreover, CMC Markets offers an investor dictionary that defines over 50 investing terms, which is not available with MultiBank. These additional resources and features are likely why CMC Markets garners a higher education rating, earning five stars and a #10 rank out of 62 brokers on ForexBrokers.com, compared to MultiBank's 3.5 stars and #50 rank. This makes CMC Markets a potentially better choice for beginners eager to deepen their understanding of trading.
| 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 62 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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