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 |
When examining commissions and fees, Eightcap and MultiBank offer distinct pricing models tailored to different trading needs. Eightcap provides two account types, the commission-based Raw account and the spread-only Standard account. The Raw account features an average spread of 0.06 pips, with a per-side commission of $3.50 per trade, leading to an all-in cost of roughly 0.76 pips—slightly below the industry average of 0.8 pips. Eightcap holds a 4-star rating for commissions and fees and ranks #26 among 63 brokers surveyed by ForexBrokers.com.
MultiBank, on the other hand, presents three account options: Standard, Pro, and ECN. The Standard account, with its $50 minimum deposit, comes with higher spreads, making it potentially less appealing for seasoned traders. Meanwhile, the Pro account, requiring a $1,000 deposit, offers more competitive spreads. The ECN account delivers the lowest spreads with a $10,000 minimum deposit and a modest $3 round-trip commission. MultiBank also imposes a $60 monthly inactivity fee if there is no account activity for 90 days. Similar to Eightcap, MultiBank receives a 4-star rating for commissions and fees, though it ranks #38 out of 63 brokers by ForexBrokers.com.
Both Eightcap and MultiBank provide options that cater to varying levels of trading experience and capital investment. While Eightcap edges slightly above the competition in terms of cost-effectiveness, MultiBank offers more account types with different entry thresholds. Ultimately, traders should consider their own trading habits and investment goals when selecting the broker that best aligns with their needs.
| 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.
When comparing Eightcap and MultiBank in terms of their range of investments, both platforms support forex trading as a CFD or spot contract, allowing users to engage in diverse trading activities. Eightcap boasts an impressive selection with 800 tradable symbols, offering 56 forex pairs. In contrast, MultiBank provides 1042 tradable symbols, including 40 forex pairs, giving traders a broader array of options. However, neither broker offers exchange traded securities like Apple shares on U.S. or international exchanges. For investors interested in crypto, MultiBank allows the purchase of actual cryptocurrencies, a feature not available with Eightcap, though both offer cryptocurrency derivatives.
Both brokers support copy trading, enabling users to mirror the strategies of accomplished traders. Eightcap is rated 3.5 stars for its range of investments, placing it at #40 among 63 brokers evaluated by ForexBrokers.com. MultiBank holds a slightly higher rating of 4 stars for its investment range, ranking #37 among the same group. This indicates a slight edge in the diversity of options at MultiBank, making it a potentially more attractive choice for those seeking variety in their trading endeavors.
| 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.
When choosing between online brokers Eightcap and MultiBank for trading platforms and tools, both provide options for those looking to enhance their trading experience with ease. Eightcap offers a wealth of options, including a free virtual demo account for simulated trading, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms compatible with both Windows-based desktop and web browsers. Although Eightcap does not have a proprietary platform, traders can engage in copy trading, and benefit from the ability to trade directly from stock charts. With 15 drawing tools and seven fields for watch lists, Eightcap delivers a well-rounded trading experience that has earned it a four-star rating for trading platforms and tools according to user reviews.
MultiBank matches Eightcap in several critical areas while adding its own proprietary trading platform to the mix, alongside MT4 and MT5 support for both desktop and web-based trading. Like Eightcap, MultiBank provides a free virtual demo account and facilitates copy trading, ensuring users have both practice and advanced trading options available. MultiBank edges slightly ahead in charting tools with 17 drawing tools available, though it shares Eightcap's seven-field watch list feature and direct chart trading capability. Similarly rated with four stars for its trading platforms and tools, MultiBank is ranked just below Eightcap, highlighting its comparable yet distinct offerings in the online trading market.
| 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.
When it comes to mobile trading apps, both Eightcap and MultiBank offer comprehensive solutions for iPhone and Android users. Each platform provides stock and forex price alerts and supports the ability to draw trendlines and view multiple time frames on charts. They also include 30 technical studies for those who prefer in-depth chart analysis. However, Eightcap has a slight advantage with its feature allowing watchlist symbol syncing between its mobile app and online account, ensuring seamless updates across devices, a feature that MultiBank lacks.
Both apps have the capability to auto-save chart drawings and create watchlists with real-time quotes, making it easy to stay on top of market changes. According to ForexBrokers.com's rankings, Eightcap holds the 38th spot while MultiBank is ranked at 41 out of 63 brokers in the Mobile Trading Apps category. Despite the proximity in rating and ranking, if syncing watchlists is a priority, Eightcap might be the preferred choice for you. Both apps maintain a robust reputation with a four-star rating in mobile trading, indicating reliable performance for traders on the move.
| 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.
When it comes to market research features, Eightcap and MultiBank each offer some valuable tools, but with noticeable differences. Eightcap stands out by providing daily market commentary and a sentiment-based trading tool that gives insight into the long and short position ratios across various instruments—a feature not available with MultiBank. Both brokers, however, offer an economic calendar that covers global news events, helping traders stay informed about upcoming economic developments around the world.
While MultiBank delivers forex news from top-tier sources like Bloomberg and Reuters, Eightcap does not include this feature in its offerings. Neither broker, however, provides tools from companies like Autochartist or Trading Central for technical and fundamental analysis. Despite these similarities and differences, both Eightcap and MultiBank earn the same research rating of 3.5 stars out of five. However, Eightcap ranks higher in the Research category on ForexBrokers.com, coming in at #39 out of 63 brokers, whereas MultiBank is ranked at #49.
| 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 | 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
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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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| 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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