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 account | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.65 | N/A |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
CMC Markets vs MultiBank: when it comes to range of investments, CMC Markets offers far more to choose from. CMC lists 12,029 tradeable symbols and 141 forex pairs, and supports forex as CFDs or spot. MultiBank also supports forex as CFDs or spot, but with 1,042 symbols and 40 forex pairs. A key difference is stock access: CMC Markets lets you buy exchange-traded securities on both U.S. and international exchanges (think Apple or Vodafone), while MultiBank does not offer real shares. Both brokers support copy trading. For crypto, CMC Markets offers cryptocurrency CFDs but not actual coins; MultiBank offers both delivered cryptocurrency and crypto CFDs.
Independent ratings reflect this spread: for Range of Investments, CMC Markets earns 5 stars and ranks #9 out of 63 brokers on ForexBrokers.com, while MultiBank earns 4 stars and ranks #38. In short, CMC Markets is the better pick for the widest market selection and access to real stocks, whereas MultiBank can suit traders who want the option to own cryptocurrency directly alongside CFD trading.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 1042 |
| Forex Pairs (Total) | 141 | 40 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| Cryptocurrency (CFDs) | 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.
Comparing CMC Markets vs MultiBank on trading platforms and tools, both brokers check the key boxes. Each offers a free demo (paper) trading account, a proprietary platform built in-house, and access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade via a Windows desktop download or a web-based platform with either broker, and both support copy trading and placing trades directly from charts. Specific counts for technical indicators and watchlist columns aren’t provided here.
Where they differ is quality and recognition. For Trading Platforms and Tools, CMC Markets earns 5 stars and ranks #4 out of 63 brokers on ForexBrokers.com, while MultiBank holds 4 stars and ranks #40. In short, both deliver the essentials across desktop and web with MT4/MT5 access and demo accounts, but CMC Markets is rated higher for overall platform experience. If indicator depth or watchlist customization matters, confirm those details directly in each platform.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 73 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both CMC Markets and MultiBank offer mobile trading apps for iPhone and Android, with useful basics like price alerts included. Charting is well covered on both: you can draw trendlines and your drawings auto‑save. MultiBank lists 30 technical studies in its app, edging out CMC Markets’ 29; however, CMC Markets stands out with watchlist syncing across mobile and web, while MultiBank does not sync watchlists.
When it comes to quality scores, CMC Markets earns 5 stars for Mobile Trading Apps and is ranked #5 out of 63 brokers by ForexBrokers.com. MultiBank holds 4 stars and ranks #42. If synced watchlists and top-tier ratings matter most, CMC Markets is the better pick; if you want one more built-in study and can live without syncing, MultiBank may fit your needs.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 29 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
CMC Markets vs. MultiBank for education: Both brokers publish at least 10 beginner trading videos, which is helpful for new forex and CFD traders. CMC Markets also offers at least 10 advanced videos to support the next stage of learning, while MultiBank does not. Neither broker runs monthly educational webinars, so you won’t find ongoing live classes with either option.
In overall quality, CMC Markets comes out ahead. It holds a 5-star Education rating and ranks #10 out of 63 brokers at ForexBrokers.com, compared with MultiBank’s 3.5 stars and #50 ranking. For beginners seeking a video library that can grow with their skills, CMC Markets is the stronger pick; MultiBank is fine for the basics but has less depth beyond beginner level.
| Feature |
CMC Markets
|
MultiBank
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 84 |
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CMC Markets vs MultiBank: both support cryptocurrency CFDs, but only MultiBank allows buying actual (delivered) cryptocurrency, whereas CMC Markets does not.
CMC Markets vs MultiBank: both support ACH/SEPA transfers; CMC Markets also supports bank wires and PayPal but not Skrill, while MultiBank’s availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified, and Visa/Mastercard support for CMC Markets is also not specified.
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, FSRA, or SCA 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. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| Cryptocurrency (CFDs) | 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 account | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 0.65 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | CMC Markets | MultiBank | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | CMC Markets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 73 | 38 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 29 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | CMC Markets | MultiBank | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | MultiBank | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | CMC Markets | MultiBank | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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