Written by ForexBrokers.com
In this head to head comparison of Eightcap 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.
When comparing the online brokers Eightcap and MultiBank, there's a lot to consider regarding their trustworthiness and regulatory oversight. Eightcap, founded in 2009, and MultiBank, established in 2005, are both privately held companies that are not publicly traded and do not operate as banks. In terms of regulatory credentials, both brokers hold three Tier-1 licenses, which indicates a high level of trust in the industry according to ForexBrokers.com. However, while Eightcap does not have any Tier-2 licenses, MultiBank holds one, reflecting a slightly broader regulatory base.
The Trust Score ratings on ForexBrokers.com give Eightcap a score of 85 and MultiBank a score of 84, placing both brokers in the "trusted" category. This suggests that they are quite similar in terms of their perceived safety, although Eightcap edges ahead slightly. These scores indicate that traders can have a moderate level of confidence in both platforms, thanks to their regulatory standings and overall trust assessments.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Year Founded | 2009 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
Comparing commissions and fees, both Eightcap and MultiBank earn 4 out of 5 stars from ForexBrokers.com. Eightcap ranks #27 of 63 brokers in this category, while MultiBank ranks #39 of 63. Each broker offers multiple account types that trade off minimum deposits, spreads, and commissions to suit different budgets and preferences.
Eightcap provides two account choices: a spread-only Standard account and a commission-based Raw account. The Raw account lists an average spread of 0.06 pips; once you add the $3.50 per side commission, the all-in cost comes to about 0.76 pips—just under the industry average of 0.8 pips. Overall, Eightcap’s pricing is competitive, though not the absolute lowest on the market.
MultiBank offers three account types for forex and CFD trading. The Standard account has a $50 minimum deposit but carries higher spreads. The Pro account lowers spreads with a $1,000 minimum, and the ECN account offers the tightest spreads with a $10,000 minimum plus a small $3 round-trip commission per trade. Note that MultiBank charges a $60 monthly inactivity fee after 90 days without trading.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap vs. MultiBank: both support forex trading via CFDs or spot contracts and offer copy trading. MultiBank lists more overall markets, with 1,042 tradeable symbols compared with Eightcap’s 800. However, Eightcap features more currency choice, with 56 forex pairs versus MultiBank’s 40. Neither broker lets you buy actual exchange-traded U.S. or international shares (like Apple or Vodafone) as real stock; these aren’t available as non-CFD investments at either firm.
For crypto, Eightcap does not offer delivered coins, while MultiBank does; both provide cryptocurrency derivatives. Based on ForexBrokers.com’s Range of Investments ratings, Eightcap scores 3.5/5 (ranked 41 of 63) and MultiBank scores 4/5 (ranked 38 of 63). In short, MultiBank edges ahead for overall market variety and access to delivered crypto, while Eightcap may suit traders who prioritize a wider list of forex pairs.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 1042 |
| Forex Pairs (Total) | 56 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
Comparing trading platforms and tools at Eightcap and MultiBank: both brokers provide a free demo (paper) account, Windows desktop software, and a web-based platform. They each support copy trading and offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Eightcap does not have a proprietary platform, while MultiBank adds its own in-house platform alongside MetaTrader. Neither broker integrates DupliTrade or ZuluTrade.
For charting and usability, both let you trade directly from charts and include seven watch list columns. Eightcap lists 15 drawing tools, while MultiBank lists 17. Indicator totals vary by platform and were not specified. ForexBrokers.com rates both brokers 4 out of 5 stars for Trading Platforms and Tools; among 63 brokers, Eightcap ranks #39 and MultiBank ranks #40.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 30 | 38 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Eightcap and MultiBank both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, and solid charting with 30 technical studies, trendline drawing tools, and multiple time frames (from intraday to daily and weekly). Drawings auto-save on both platforms, so you won’t lose your work when you switch screens or return later.
The key difference is watchlist syncing: Eightcap syncs your symbols between the mobile app and your online account, while MultiBank does not. Both apps earned 4 out of 5 stars for mobile trading. In ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, Eightcap placed 39th and MultiBank placed 42nd.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
Eightcap vs MultiBank for market research: both brokers provide an economic calendar and each holds a 3.5-star research rating. Eightcap is ranked higher (#40 out of 63) than MultiBank (#50). Key differences are clear. Eightcap delivers daily market commentary and includes a sentiment tool that shows the balance of long vs. short positions, while MultiBank stands out for streaming forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones.
Neither broker offers Autochartist, Trading Central, or TipRanks. Acuity Trading tools are not available at Eightcap, and availability at MultiBank isn’t specified. If you want daily insights and trader sentiment, Eightcap is the better fit. If premium news feeds are your priority, MultiBank has the edge.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | 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.
For beginners seeking educational resources on forex and CFDs, Eightcap and MultiBank both provide a foundational collection of over 10 educational pieces, which include articles, videos, and webinars. While online webinars are invaluable for interactive learning, neither of the brokers offer monthly online educational webinars for clients. However, Eightcap distinguishes itself by providing a searchable archive of past webinars, offering users the flexibility to learn at their own pace, unlike MultiBank which lacks this feature.
Eightcap and MultiBank cater to beginners with a wide range of beginner-focused educational videos, though they fall short for those seeking advanced content. Notably, Eightcap includes an investor dictionary with over 50 investing terms, a tool absent from MultiBank's offerings. Despite their differences, both brokers share an education rating of 3.5 stars, yet Eightcap ranks slightly higher than MultiBank, taking the 40th spot compared to MultiBank's 50th in the educational category as per ForexBrokers.com.
| Feature |
Eightcap
|
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 | No | 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 Eightcap is better than MultiBank. Eightcap finished with an overall rank of #38, while MultiBank finished with an overall rank of #40.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 84 |
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When comparing Eightcap and MultiBank, it's notable that Eightcap does not offer the capability to purchase actual (delivered) cryptocurrency while MultiBank does, although both brokers provide options for trading cryptocurrency derivatives.
When comparing online brokers Eightcap and MultiBank, Eightcap supports PayPal, Skrill, Visa/Mastercard, and bank wires but lacks ACH or SEPA transfers, while MultiBank offers ACH and SEPA transfers, supports Skrill, Visa/Mastercard, and bank wires, but does not provide PayPal as a transaction 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 | Eightcap | MultiBank | |
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| Trust Score | 85 | 84 | |
| Winner | check_circle | ||
| Review | Eightcap Review | MultiBank Review |
| Broker Screenshots | Eightcap | MultiBank | |
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| Regulation | Eightcap | MultiBank | |
|---|---|---|---|
| Trust Score | 85 | 84 | |
| Year Founded | 2009 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | Yes | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Eightcap | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Eightcap | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 1042 | |
| Forex Pairs (Total) | 56 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Eightcap | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Eightcap | MultiBank | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Eightcap | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| Charting - Drawing Tools (Total) | 15 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | 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 | 30 | 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 | Eightcap | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | 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 | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | 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 | Eightcap Review | MultiBank Review |
| Overall | Eightcap | MultiBank | |
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| Trust Score | 85 | 84 | |
| Winner | check_circle | ||
| Review | Eightcap Review | MultiBank Review |
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