Written by ForexBrokers.com
In this head to head comparison of Plus500 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 online brokers Plus500 and MultiBank, both offer solid regulatory credentials, but there are key differences in their trust frameworks. Established in 2008, Plus500 is publicly traded and holds a top-tier Trust Score of 99 out of 99 according to ForexBrokers.com. This reflects its strong standing with 6 Tier-1 licenses that are highly trusted and 3 Tier-2 licenses. Being publicly traded adds an additional layer of transparency and oversight to Plus500's operations.
MultiBank, founded in 2005, operates with a Trust Score of 84 out of 99, indicating a trusted status but slightly below the top tier. Although it isn't publicly listed, MultiBank maintains a respectable regulatory footing with 3 Tier-1 licenses and 1 Tier-2 license. While both firms are non-banking institutions, Plus500's status as a public company and its higher trust rating may appeal more to traders who prioritize regulatory reputation. In contrast, MultiBank provides a trusted alternative, though not at the same high level as Plus500 according to the Trust Score metrics.
| Feature |
Plus500
|
MultiBank
|
|---|---|---|
| Year Founded | 2008 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 3 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
When comparing online brokers Plus500 and MultiBank, Plus500's pricing slightly exceeds the industry average, particularly in the realm of active trader pricing. While Plus500 does not offer discounts to retail clients, it does have a cash rebate program for those who qualify and are designated as Professional clients. Its spreads, such as the EUR/USD averaging 1.5 pips in April 2024, are higher than the industry average. Plus500 is rated 4.0 stars for commissions and fees, ranking 23rd out of 63 brokers according to ForexBrokers.com.
MultiBank, on the other hand, provides three account types tailored for forex and CFD trading: Standard, Pro, and ECN. The Standard account has an attractive minimum deposit of $50 but comes with higher spreads, making it more suitable for beginners. The Pro account offers improved spreads with a $1,000 minimum deposit. The ECN account, which requires a $10,000 deposit, offers the best spreads MultiBank has to offer with a $3 per trade commission. However, be aware that MultiBank charges a $60 monthly inactivity fee if no trading activity occurs for 90 days. MultiBank also holds a 4-star rating for commissions and fees, ranked 38th out of 63 brokers by ForexBrokers.com.
In summary, while Plus500 stands higher in the rankings with slightly better pricing, especially for professional traders seeking rebates, MultiBank offers varied account options catering to different levels of traders. Potential clients should carefully evaluate their trading frequency and desired account type to determine which broker aligns best with their financial goals.
| Feature |
Plus500
|
MultiBank
|
|---|---|---|
| Minimum Deposit | €50 | $50 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | 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 the range of investments between Plus500 and MultiBank, several key differences emerge. Plus500 stands out with an impressive array of 5,500 tradeable symbols and 65 forex pairs available as CFDs, a significant advantage over MultiBank's 1,042 tradeable symbols and 40 forex pairs. Plus500 further enhances its offering by providing access to exchange-traded securities on both U.S. and international markets, allowing clients to buy company shares like Apple and Vodafone directly. Conversely, MultiBank does not offer exchange-traded securities outside of CFDs. However, MultiBank provides unique opportunities like copy trading and the purchase of actual cryptocurrencies, broadening its appeal to investors interested in these features, whereas Plus500 limits its cryptocurrency options to derivatives only.
In terms of overall investment range, Plus500 garners a 4.5-star rating, ranking 21st among 63 brokers, attributable to its extensive variety and flexibility in trade options. Meanwhile, MultiBank, which receives a 4-star rating and ranks 37th, may appeal to those prioritizing copy trading and the ability to own actual cryptocurrencies, despite its more limited selection of symbols and forex pairs. Each broker offers distinct advantages, making the choice dependent on individual investor preferences and trading strategies.
| Feature |
Plus500
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1042 |
| Forex Pairs (Total) | 65 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. |
Dive deeper: Best Copy Trading Platforms.
When it comes to trading platforms and tools, both Plus500 and MultiBank offer unique advantages to suit different trader preferences. Plus500 is well-regarded for its proprietary web-based trading platform and availability of a free virtual demo account, which makes it an excellent choice for those who prioritize web access and practice trading. However, it lacks a Windows-based desktop platform and does not support popular third-party systems like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Plus500 boasts 36 drawing tools for charting and provides extensive flexibility with 10 fields for watch lists, though it doesn’t offer features like copy trading or trading directly from stock charts. Ultimately, Plus500 earns a higher rating of 4.5 stars and is ranked 14th out of 63 brokers for its trading platforms and tools.
On the other hand, MultiBank offers a more comprehensive platform lineup for advanced traders by providing a Windows-based desktop download platform and support for both MT4 and MT5, making it ideal for those who want to use these popular trading systems. Its web-based platform ensures accessibility, while additional features like copy trading and the ability to trade directly from a stock chart enhance its appeal. MultiBank includes a lesser variety of drawing tools at 17, and its watch lists are slightly more limited with 7 fields. Despite a respectable rating of 4 stars, MultiBank ranks lower at 39th out of 63 brokers in the trading platforms and tools category, reflecting a slightly less favorable assessment in comparison to Plus500.
| Feature |
Plus500
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 38 |
| Charting - Drawing Tools (Total) | 36 | 17 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Plus500 and MultiBank offer comprehensive mobile trading apps available for iPhone and Android users, allowing traders to stay updated on stock and forex price alerts no matter where they are. Plus500 stands out with its watchlist symbol syncing feature, enabling seamless synchronization between the mobile app and the client’s online account. In contrast, MultiBank does not offer this syncing capability. However, MultiBank supports auto-saving drawings on stock or forex charts, which is not available on Plus500's platform. Both apps provide the ability to create watchlists with real-time quotes and allow drawing trendlines on charts, alongside viewing multiple time frames.
When it comes to charting capabilities, Plus500 offers a wider range with 115 technical studies compared to MultiBank’s 30. This extensive collection of technical tools, combined with the synchronization feature, may contribute to Plus500’s higher mobile rating of 4.5 stars versus MultiBank’s 4 stars. Plus500 also holds a higher rank at #14 among 63 brokers on ForexBrokers.com, whereas MultiBank is ranked #41. These features and rankings highlight Plus500 as a potentially more flexible choice for traders seeking diverse technical tools and seamless account synchronization.
| Feature |
Plus500
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Plus500 and MultiBank cater to traders seeking varying levels of market insights. Plus500 distinguishes itself by offering daily market commentary and a sentiment-based trading tool that provides insights into long or short positions across different instruments. It also includes research capabilities with Technical Analytics from Trading Central and an economic calendar for tracking global news events, positioning it as a valuable resource for diverse market analyses. In contrast, MultiBank provides forex news from top-tier sources such as Bloomberg and Reuters, along with an economic calendar, but lacks the sentiment analysis and specific tools from Autochartist and Trading Central.
Evaluating the research offerings of these platforms, Plus500 earns a research rating of 4.0 stars, ranking 19th among 63 brokers on ForexBrokers.com, reflecting its strong emphasis on comprehensive market insights. MultiBank, with a research rating of 3.5 stars and placing 49th in the same list, provides basic yet crucial market news but does not match the depth of research tools available with Plus500. The choice between these brokers will ultimately depend on a trader's need for either broad access to premium news sources with MultiBank or a more varied set of analytical tools with Plus500.
| Feature |
Plus500
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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.
When it comes to educating beginners, Plus500 emerges as a comprehensive choice with its wide array of resources. This platform not only delivers over ten educational pieces focusing on forex and CFDs but also hosts monthly webinars for its clients. These sessions, along with a library of recorded webinars, allow traders to learn at their own pace. Beginners have access to over ten insightful trading videos, providing a solid introduction to the world of trading. Plus500 also caters to advanced traders with additional in-depth video content. Despite lacking an investor dictionary, Plus500's focus on regular webinars and extensive video materials has earned it a strong 4.0-star rating for education, positioning it 31st among 63 brokers according to ForexBrokers.com.
In contrast, MultiBank also offers more than ten educational pieces and beginner-friendly videos. However, it falls short in a few key areas. MultiBank does not provide any webinars for client education, nor does it maintain a searchable archive of past sessions, limiting the opportunities for interactive learning. Furthermore, while it does cater to beginners, it does not offer dedicated content for advanced traders and lacks an investor dictionary. Consequently, MultiBank receives a slightly lower education rating of 3.5 stars and ranks 50th in the Education category according to ForexBrokers.com. When comparing the educational offerings of these two brokers, Plus500 holds a definitive edge with its additional resources and interactive learning opportunities.
| Feature |
Plus500
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 Plus500 is better than MultiBank. Plus500 finished with an overall rank of #14, while MultiBank finished with an overall rank of #40.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 84 |
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While both Plus500 and MultiBank provide the option to trade cryptocurrency derivatives, only MultiBank allows users to purchase actual, delivered cryptocurrencies, giving it an advantage for investors seeking ownership of digital assets.
Plus500, unlike MultiBank, does not support ACH or SEPA transfers but accepts PayPal, Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals, whereas MultiBank permits ACH, SEPA, Skrill, Visa, Mastercard, and bank wire transfers but does not support PayPal.
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 | Plus500 | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Plus500 Review | MultiBank Review |
| Broker Screenshots | Plus500 | MultiBank | |
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| Regulation | Plus500 | MultiBank | |
|---|---|---|---|
| Trust Score | 99 | 84 | |
| Year Founded | 2008 | 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 | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | Plus500 | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1042 | |
| Forex Pairs (Total) | 65 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. |
| Cost | Plus500 | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | MultiBank | |
|---|---|---|---|
| Minimum Deposit | €50 | $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 | Plus500 | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 38 | |
| Charting - Drawing Tools (Total) | 36 | 17 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | 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 | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review | MultiBank Review |
| Overall | Plus500 | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | Plus500 Review | MultiBank Review |
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