Written by ForexBrokers.com
In this head to head comparison of MultiBank vs GBE brokers, 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.
MultiBank, established in 2005, and GBE Brokers, founded in 2013, are both online brokers not publicly listed on any stock exchange and do not operate as banks. When it comes to regulatory credentials, MultiBank stands out with three Tier-1 licenses and one Tier-2 license, an indicator of its strong trustworthiness in the financial world. In comparison, GBE Brokers holds one Tier-1 license with no Tier-2 licenses, suggesting a lower degree of regulatory coverage.
Looking at their Trust Score ratings from ForexBrokers.com, MultiBank scores 84, placing it in the 'trusted' category, whereas GBE Brokers has a rating of 71, falling into the 'average risk' bracket. These scores reflect each broker's adherence to reliable practices and regulatory standards, guiding users on their potential risk levels when choosing between them.
| Feature |
MultiBank
|
GBE brokers
|
|---|---|---|
| Year Founded | 2005 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing MultiBank to GBE brokers regarding commissions and fees, both brokers share fairly similar assessments with each earning a 4-star rating for their fee structures. However, MultiBank is ranked 38th out of 62 brokers in the Commissions and Fees category by ForexBrokers.com, slightly below GBE brokers, which takes the 37th spot. This suggests that while their offerings are comparable, GBE brokers have a slight edge overall.
MultiBank provides a variety of account types—Standard, Pro, and ECN—each with its own entry requirements. The Standard account, which necessitates only a $50 initial deposit, incurs higher spreads, making it more suitable for beginners. The Pro account, requiring a $1,000 deposit, offers comparatively lower spreads. For traders seeking the lowest spreads, the ECN account is available with a $10,000 deposit and features a modest round-trip commission of $3 per trade. However, it's crucial to note that MultiBank imposes an inactivity fee of $60 monthly if you leave your account dormant for 90 days.
Information about GBE brokers’ average spreads is currently unavailable, making direct numerical comparisons challenging. However, given its placement in rankings just above MultiBank, GBE brokers likely present a competitive fee structure that traders may find appealing. When deciding between these two options, consider your trading frequency and account size to choose the account type or broker that best aligns with your financial strategy.
| Feature |
MultiBank
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 the available range of investments between MultiBank and GBE Brokers, it's clear both offer competitive options. MultiBank stands out with a significantly larger selection of tradeable symbols, offering 1,042 compared to GBE Brokers' 500. While GBE Brokers takes the lead in forex with 71 tradeable pairs compared to MultiBank's 40, both platforms provide forex trading through CFD and spot contracts. However, neither allows trading of exchange-traded securities on U.S. or international exchanges, such as buying shares of Apple or Vodafone outright. Both platforms do support trading of cryptocurrency derivatives, though MultiBank also offers the ability to purchase actual delivered cryptocurrencies, which GBE Brokers does not.
Both MultiBank and GBE Brokers support copy trading, enabling users to mimic successful trades. When it comes to rankings, MultiBank is rated higher for its range of investments, earning 4 out of 5 stars and ranking 37th out of 62 brokers by ForexBrokers.com. In comparison, GBE Brokers scores 3.5 stars and holds the 44th position in the same category. Ultimately, MultiBank offers a broader array of investment products, which could appeal to traders seeking more diverse opportunities.
| Feature |
MultiBank
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 500 |
| Forex Pairs (Total) | 40 | 71 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| 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.
Both MultiBank and GBE Brokers offer comprehensive trading platforms with a focus on facilitating user-friendly experiences for traders. A noteworthy feature of both is their provision of simulated trading through free virtual demo accounts, allowing users to practice strategies without financial risk. MultiBank distinguishes itself with a proprietary platform of its own creation, while GBE Brokers does not have a proprietary version, opting to stick with established platforms. Both brokers offer compatibility with MetaTrader 4 and MetaTrader 5, alongside accessible trading via Windows-based desktop downloads and web-based platforms, ensuring flexibility for their clients.
Each broker supports copy trading and the ability to execute trades directly from stock charts, but neither offers DupliTrade or ZuluTrade. When it comes to charting tools, MultiBank edges ahead slightly with 17 drawing tools compared to GBE Brokers’ 15, though both offer seven columns for watch lists. Rated four out of five stars for their trading platforms and tools, MultiBank ranks 39th while GBE Brokers is positioned 57th out of 62 brokers according to ForexBrokers.com. This indicates a fairly close competition, but with MultiBank having a slight advantage as per the rankings.
| Feature |
MultiBank
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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) | 38 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of MultiBank and GBE brokers, both platforms offer comprehensive experiences for their users. Each broker provides apps for both iPhone and Android devices, allowing traders to monitor and manage their investments on the go. They also equip their apps with essential features like stock and forex price alerts, real-time watchlists, and the ability to draw trendlines on charts. Additionally, both MultiBank and GBE brokers allow users to view multiple time frames, such as daily, weekly, or intraday, offering versatility for chart analysis. With 30 technical studies available for charting, users have a range of tools for detailed technical analysis. However, neither broker provides syncing capabilities for watchlists between mobile apps and online accounts.
In terms of user satisfaction, both MultiBank and GBE brokers receive a solid 4-star rating for their mobile trading apps. While MultiBank holds a slightly higher position in the rankings by ForexBrokers.com at 41 out of 62 brokers, GBE brokers are not far behind at 57. This indicates that both brokers offer reliable mobile trading platforms, though MultiBank has a modest edge in this ranking. Overall, traders can expect a capable and consistent experience from either broker's mobile app.
| Feature |
MultiBank
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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, MultiBank and GBE Brokers each offer unique features that cater to different trader needs. MultiBank provides forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to prestigious news updates. In contrast, GBE Brokers enriches its service by offering daily market commentary, providing regular insights to keep traders informed. Additionally, those interested in sentiment analysis will find GBE Brokers beneficial as it offers a tool displaying the ratio of long or short positions across various currency pairs or other instruments, a feature absent in MultiBank’s offerings.
Both brokers, however, do not offer research tools from companies like Autochartist or Trading Central, nor do they provide market research from TipRanks or Acuity Trading. They do, however, ensure traders are updated on global economic events with comprehensive economic calendars. When rated for research, MultiBank scores slightly higher at 3.5 stars compared to GBE Brokers’ 3 stars. In terms of ranking among 62 brokers, MultiBank is positioned at #49, while GBE Brokers sits further down at #61, reflecting their respective research offerings and capabilities.
| Feature |
MultiBank
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| 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 beginners, MultiBank stands out compared to GBE brokers. MultiBank provides a range of educational materials, offering over ten pieces, such as articles and videos, focused on foreign exchange (forex) and Contracts for Difference (CFDs). For beginners specifically, MultiBank delivers more than ten videos covering fundamental trading topics. In contrast, GBE brokers falls short in both aspects, providing fewer educational resources overall and lacking specific beginner-focused video content.
Neither MultiBank nor GBE brokers offers monthly online educational webinars or archives of past webinars for clients to access. While both brokers also lack advanced educational videos and an investor dictionary, MultiBank is rated slightly higher in terms of its educational offerings, receiving a 3.5-star rating compared to GBE brokers' 3-star rating. Additionally, MultiBank is ranked higher by ForexBrokers.com in the education category, placing at #50 out of 62 brokers, whereas GBE brokers is ranked last at #62.
| Feature |
MultiBank
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that MultiBank is better than GBE brokers. MultiBank finished with an overall rank of #40, while GBE brokers finished with an overall rank of #56.
MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform suites (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. On the negative side, the broker’s market research offering is unimpressive and educational content is entirely absent; MultiBank’s poor performance in these important categories drags down its Overall rating.
| Feature |
MultiBank
|
GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 71 |
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MultiBank provides the option to purchase actual delivered cryptocurrency along with cryptocurrency derivatives, while GBE Brokers only offers the ability to trade in cryptocurrency derivatives.
Both MultiBank and GBE Brokers offer ACH or SEPA transfers, Skrill, Visa or Mastercard, and bank wires as options for depositing or withdrawing account funds, but only GBE Brokers provides PayPal as an additional payment method.
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 | MultiBank | GBE brokers | |
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| Trust Score | 84 | 71 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | GBE brokers | |
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| Regulation | MultiBank | GBE brokers | |
|---|---|---|---|
| Trust Score | 84 | 71 | |
| Year Founded | 2005 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | MultiBank | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 500 | |
| Forex Pairs (Total) | 40 | 71 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| 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 | MultiBank | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | MultiBank | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | MultiBank | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | 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 | MultiBank | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | MultiBank | GBE brokers | |
|---|---|---|---|
| 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 | MultiBank Review |
| Overall | MultiBank | GBE brokers | |
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| Trust Score | 84 | 71 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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