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 | 1 | 3 |
When comparing the commissions and fees of Plus500 and MultiBank, Plus500 tends to offer slightly above-average pricing in the industry. The broker attracts potential Professional clients with cash rebates, similar to what active trader programs offer. However, it does not provide discounts to regular retail clients. With a spread averaging 1.5 pips for EUR/USD in April 2024, Plus500's fees are generally higher than the norm among forex brokers. This pricing positions Plus500 at 4.0 stars for commissions and fees, ranking it 25th out of 62 brokers evaluated by ForexBrokers.com.
On the other hand, MultiBank provides a range of account types tailored to different trading needs. The Standard account, although requiring a minimal $50 deposit, comes with relatively higher spreads and may be less appealing unless you are new to trading. The Pro account lowers the spreads further with a $1,000 minimum deposit, while the ECN account offers the most competitive spreads for a $10,000 deposit, with a modest $3 round-trip commission on trades. MultiBank also imposes a $60 monthly inactivity fee for accounts without trading activity over 90 days. These factors contribute to MultiBank's 4-star rating for commissions and fees, ranking it 38th out of 62 brokers on ForexBrokers.com.
| Feature |
Plus500
|
MultiBank
|
|---|---|---|
| Minimum Deposit | €100 | $50 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | 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 Plus500 and MultiBank through the lens of investment variety, Plus500 emerges as a more diverse platform. With access to 5,500 tradeable symbols and 65 forex pairs, Plus500 offers clients a comprehensive trading experience. Notably, Plus500 allows investors to purchase exchange-traded securities on both U.S. and international exchanges, providing a pathway to own shares in major companies like Apple and Vodafone. While Plus500 doesn't provide copy trading or the option to buy actual cryptocurrencies, it does offer cryptocurrency derivatives, catering to those interested in crypto markets.
MultiBank, on the other hand, presents a solid but narrower spectrum of investments. It provides 1,042 tradeable symbols and 40 forex pairs, offering investors fewer options compared to Plus500. While lacking in exchange-traded securities from U.S. and international markets, MultiBank makes up for it by featuring copy trading and allowing the purchase of actual cryptocurrencies. Though both platforms permit trading of cryptocurrency derivatives, Plus500 generally scores higher with a 4.5-star rating for its range of investments and ranks #24 in this category according to ForexBrokers.com, whereas MultiBank follows with a 4-star rating and a rank of #37.
| 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.
Plus500 and MultiBank both offer a free virtual demo account that allows users to engage in paper trading, which is a great feature for beginners to practice and hone their trading skills. Both brokers have developed their own proprietary trading platforms, aligning with the industry's shift towards in-house technology. However, they differ significantly in their desktop offerings. Plus500 does not provide a Windows-based desktop download platform, whereas MultiBank does, offering more flexibility to traders who prefer software installations over web-based options. On the other hand, both Plus500 and MultiBank support web-based browser platforms, ensuring accessibility from anywhere.
In terms of advanced trading tools, MultiBank edges out Plus500 by supporting MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among traders for their enhanced capabilities. MultiBank also supports copy trading, unlike Plus500, providing an opportunity for users to replicate successful trading strategies. Plus500, however, excels in chart tools by offering 22 drawing tools compared to MultiBank's 17. Additionally, Plus500 leads in watch list customization with 10 fields, while MultiBank provides 7. Despite these differences, Plus500 is rated higher with 4.5 stars for its Trading Platforms and Tools, ranking 14th out of 62 brokers by ForexBrokers.com, whereas MultiBank garners 4 stars, ranking 39th.
| 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) | 114 | 38 |
| Charting - Drawing Tools (Total) | 22 | 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 mobile trading apps for iPhone and Android devices, along with stock and forex price alerts. However, Plus500 provides a more seamless experience with the ability to sync watchlists between its mobile app and online account, a feature that MultiBank lacks. Plus500 also excels in charting capabilities by offering 110 technical studies, compared to MultiBank's 30. Both platforms allow users to draw trendlines and view various time frames on charts, but it's important to note that only MultiBank offers auto-saving of chart drawings.
When it comes to creating watchlists with real-time quotes, both apps are equally proficient. However, Plus500 has a higher rating of 4.5 out of 5 stars for its mobile trading app, surpassing MultiBank's 4 stars. According to ForexBrokers.com, Plus500 ranks 14th out of 62 brokers in the Mobile Trading Apps category, while MultiBank falls behind at 41st. These distinctions make Plus500 a more popular choice for traders who value a comprehensive and efficient mobile trading experience.
| 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 | 110 | 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.
When comparing the market research offerings of online brokers Plus500 and MultiBank, Plus500 provides daily market commentary, unlike MultiBank. However, when it comes to forex news from top-tier sources like Bloomberg or Reuters, MultiBank shines by offering this service while Plus500 does not. Both brokers do not utilize Autochartist for technical or fundamental analysis tools, but Plus500 incorporates Trading Central’s Technical Analytics, providing users with an edge in market analysis. Plus500 also features a sentiment-based trading tool that displays the ratio of long to short positions across different instruments, a feature that MultiBank lacks. Both brokers include an economic calendar to highlight current and upcoming global events. Still, Plus500's overall research services are rated slightly higher with 4.0 stars compared to MultiBank's 3.5 stars, indicating a more comprehensive research capability as per ForexBrokers.com.
Plus500 holds a more favorable position, being ranked #19 out of 62 brokers in the research category, highlighting its strength in providing valuable data and insights to traders. In contrast, MultiBank is positioned at #49, reflecting its comparatively limited resources for research. Despite these differences, traders should weigh these features based on their specific needs for insights and information, as both brokers offer unique advantages in market research.
| 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.
For newcomers diving into the world of online trading, finding a platform that offers comprehensive educational resources is crucial. Plus500 stands out with its array of educational materials tailored for beginners. The platform offers over ten pieces focused on forex and CFDs, including articles, videos, and archived webinars. On top of that, Plus500 hosts monthly online educational webinars and archives them for future reference. This makes it an attractive choice for those looking to learn continuously. Additionally, Plus500 provides at least ten beginner-specific videos, making the learning curve easier to handle. It earns a commendable rating of 4.0 stars for its educational offerings, ranking 31st among 62 brokers surveyed by ForexBrokers.com.
In comparison, MultiBank also puts forward a solid selection of over ten educational pieces centered on forex and CFDs, available through various formats like articles and videos. While MultiBank meets the basic needs for beginner educational content, it lacks monthly webinars and does not offer archived recordings for clients. Furthermore, while it does provide beginner videos, it doesn't offer as much for advanced traders. As a result, MultiBank receives a slightly lower education rating of 3.5 stars and ranks 50th. Both platforms serve as valuable starting points for traders, but Plus500 edges out with its more immersive educational offerings.
| 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 62 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
|
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 | 1 | 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 | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | 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 | €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 | 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) | 114 | 38 | |
| Charting - Drawing Tools (Total) | 22 | 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 | 110 | 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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