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 |
MultiBank and GBE Brokers are both well-regarded in terms of commissions and fees, each receiving a 4-star rating. MultiBank offers three types of trading accounts: Standard, Pro, and ECN. The Standard account, requiring a minimum deposit of $50, has higher spreads and may be more suitable for beginners. The Pro account requires a $1,000 deposit and provides lower spreads. For experienced traders, the ECN account features the lowest spreads with a small round-trip commission of $3 per trade, but requires a $10,000 minimum deposit. Be mindful of MultiBank's $60 monthly inactivity fee if your account remains dormant for 90 days.
On the other hand, GBE Brokers does not disclose average spread data, but it maintains the same 4-star rating for commissions and fees. While specific details about GBE Brokers' account offerings are less explicit, their fees are competitive in the market, evident from their ranking.
When it comes to rankings by ForexBrokers.com, MultiBank is positioned at #38 out of 63 brokers for commissions and fees, whereas GBE Brokers ranks slightly higher at #37. This slight difference highlights GBE Brokers as a marginally more favorable choice for cost-conscious traders seeking competitive fees and commissions. However, both brokers offer good options tailored to different levels of trading experience.
| 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 MultiBank and GBE brokers on their range of investment offerings, both provide forex trading options as CFDs. MultiBank impresses with a wider selection of 1,042 tradeable symbols compared to GBE brokers' 500. However, when it comes to forex pairs, GBE brokers take the lead by offering 71 pairs, whereas MultiBank offers 40. Both brokers lack the option for clients to invest in exchange-traded securities on either U.S. or international exchanges. Meanwhile, both allow for copy trading. A unique point for MultiBank is its ability to buy actual cryptocurrencies, a service not available with GBE brokers. Both platforms, however, do provide trading in cryptocurrency derivatives.
In terms of overall performance in the range of investments, MultiBank edges out with a 4-star rating against GBE brokers' 3.5 stars. This is reflected in their respective rankings by ForexBrokers.com, with MultiBank placing at #37 and GBE brokers at #44 out of 63 brokers analyzed. Whether one chooses MultiBank for its broader range of total tradeable symbols and actual cryptocurrency purchase option, or GBE brokers for its extensive range of forex pairs, both brokers offer unique advantages catering to different investor needs.
| 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.
When considering trading platforms and tools, both MultiBank and GBE brokers offer a solid foundation for online traders. Each platform provides simulated trading through free virtual demo accounts, making it easy for beginners to get started and for experienced traders to test strategies risk-free. MultiBank sets itself apart with its proprietary platform, developed in-house, while also supporting popular platforms like MetaTrader 4 and MetaTrader 5. In contrast, GBE brokers do not offer a proprietary platform, focusing solely on well-regarded options like MT4 and MT5. Both brokers provide multiple trading avenues with support for Windows-based downloadable platforms and browser-based options, accommodating a range of user preferences.
For charting enthusiasts, MultiBank delivers 17 drawing tools, slightly edging out GBE brokers, which provide 15. Both brokers ensure that traders can take advantage of copying trading opportunities, although they don’t offer third-party social trading platforms like DupliTrade or ZuluTrade. Users can conveniently trade directly from stock charts with either broker. MultiBank and GBE brokers each feature well-organized watch lists with seven columns for ease of use. In ratings, both brokers earn four out of five stars for their trading platforms and tools, yet MultiBank holds a higher ranking at 39 out of 63 versus GBE brokers’ ranking of 57, according to ForexBrokers.com.
| 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.
MultiBank and GBE Brokers are neck and neck when it comes to mobile trading apps, both offering iPhone and Android applications packed with practical features. Whether you're monitoring stock or forex price alerts, both brokers have you covered. Their mobile apps boast 30 technical studies for comprehensive charting and allow users to draw trendlines and view various time frames like daily, weekly, or intraday. Traders on the go will appreciate the auto-save capability for chart drawings and the option to create watchlists with real-time quotes, ensuring they never miss a beat.
Though both apps are highly functional, they do not support watchlist symbol syncing, meaning watchlists in the mobile app won't coordinate directly with those on your online account. Rated at four stars for their mobile trading experience, MultiBank and GBE Brokers provide solid options for traders. However, MultiBank edges out GBE Brokers slightly in overall rankings, coming in at #41 compared to GBE's #57, as ranked by ForexBrokers.com.
| 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 comparing the market research offerings of MultiBank and GBE Brokers, there are distinct differences that set these two online brokers apart. MultiBank provides forex news from top-tier sources such as Bloomberg and Reuters, making it a good choice for traders who rely on high-quality financial news. In contrast, GBE Brokers does not offer news from these reputable sources but compensates by providing a daily market commentary, which MultiBank lacks. For those interested in keeping track of global economic events, both brokers offer an economic calendar to help traders stay informed.
In terms of specialized research tools, neither broker offers services from Autochartist or Trading Central, nor do they provide research tools from Acuity Trading. While GBE Brokers offers a sentiment-based trading tool that gives insight into market positions, MultiBank does not provide this feature. These differences are reflected in their research ratings, with MultiBank receiving 3.5 stars and being ranked #49 out of 63 brokers, while GBE Brokers receives 3 stars and is ranked #62 according to ForexBrokers.com.
| 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 comparing the educational resources available for beginners at MultiBank and GBE brokers, MultiBank appears to offer more comprehensive support for new traders. If you're just starting out in the world of forex or CFDs, MultiBank provides a collection of at least 10 educational pieces such as articles and videos specifically focused on these markets. They also have a library of beginner-friendly videos designed to help novices grasp essential trading topics, making it a helpful resource for those wanting to get a strong start.
On the other hand, GBE brokers do not meet the same educational criteria. They fall short in offering a minimum of 10 educational materials centered around forex or CFDs. Additionally, GBE brokers also do not provide a similar level of focused educational videos for beginners. With their educational offerings rated at 3 stars and a rank of 63 out of 63 in the Education category, GBE brokers may not be the best choice for those seeking thorough educational support. In contrast, MultiBank is rated 3.5 stars and holds the 50th position out of 63, indicating a stronger commitment to educating new traders.
| 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 63 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 #57.
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
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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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