Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex, founded in 1999, and MultiBank, established in 2005, are both private firms, meaning they are not listed on any stock exchange and neither function as banks. They offer online brokerage services but differ significantly in their regulatory standings. Spreadex holds one Tier-1 license, contributing to its Trust Score rating of 71 from ForexBrokers.com, which categorizes it as an average-risk broker. This indicates a moderate level of trustworthiness, according to ForexBrokers.com's scale.
In comparison, MultiBank holds three Tier-1 licenses and one Tier-2 license, resulting in a higher Trust Score rating of 84. This places it within the 'trusted' category, according to ForexBrokers.com, demonstrating a stronger regulatory framework. Both brokers are securely established firms, but MultiBank's regulatory range suggests it carries a greater assurance of trust for clients seeking online investment services.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Year Founded | 1999 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
Spreadex and MultiBank both score 4 out of 5 stars for commissions and fees, but Spreadex ranks higher in the ForexBrokers.com category (#28 of 63) compared with MultiBank (#39 of 63). If you value straightforward pricing and consistent spreads, Spreadex stands out; if you want account choice and an ECN option with commissions, MultiBank may appeal.
Spreadex pricing is driven by spreads. For EUR/USD in January 2024, the average spread was 0.81 pips, and the 0.6‑pip minimum was available 60% of the time. That level of spread consistency can help keep trading costs predictable for frequent traders.
MultiBank offers three forex and CFD account types. The Standard account ($50 minimum deposit) has higher spreads, the Pro account ($1,000 minimum) lowers those spreads, and the ECN account ($10,000 minimum) provides the tightest spreads with a small $3 round‑trip commission per trade. Note the non-trading fee: an inactivity charge of $60 per month if your account goes 90 days without trading.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex vs. MultiBank: when it comes to the range of investments, Spreadex offers far more markets to explore with 10,000 tradeable symbols and 52 forex pairs, compared with MultiBank’s 1,042 symbols and 40 forex pairs. Both brokers support forex trading via CFDs or spot contracts and both offer cryptocurrency derivatives; however, only MultiBank lets you buy actual crypto. Neither broker supports buying real exchange-traded shares on U.S. or international stock exchanges. One notable difference: MultiBank includes copy trading, while Spreadex does not.
Independent ratings reflect these differences. For Range of Investments, ForexBrokers.com rates Spreadex 5 stars and ranks it 14th out of 63 brokers, while MultiBank earns 4 stars and ranks 38th. In short, Spreadex excels for sheer market selection, whereas MultiBank may appeal if you want copy trading and access to real cryptocurrency alongside CFDs.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1042 |
| Forex Pairs (Total) | 52 | 40 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| Cryptocurrency (CFDs) | 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.
Spreadex and MultiBank both provide demo accounts for practice and each offers a proprietary, in-house trading platform. Spreadex focuses on a web-based experience and does not support a Windows desktop platform, MT4, or MT5. MultiBank, by contrast, adds a Windows desktop download, supports MetaTrader 4 and MetaTrader 5, and includes copy trading. Both brokers let you place trades directly from charts, and both offer a browser platform for trading on the go.
For platforms and tools, both earn 4 stars, though MultiBank ranks #40 out of 63 brokers at ForexBrokers.com, ahead of Spreadex at #47. If you want MetaTrader and copy trading, MultiBank is the better fit. If you prefer a straightforward, proprietary web platform and a free demo to get started, Spreadex delivers. In either case, the paper trading option makes it easy to test strategies before committing real funds.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and MultiBank both offer mobile trading apps for iPhone and Android, along with price alerts and the ability to draw trendlines on charts. Neither broker supports watchlist syncing between the mobile app and the web platform. Both apps earn 4-star ratings, though ForexBrokers.com ranks MultiBank higher (#42 out of 63) than Spreadex (#47 out of 63), which may reflect small differences in features.
If charting depth matters, MultiBank stands out with 30 technical studies and automatic saving of chart drawings. Spreadex does not list a set of technical studies and does not auto-save drawings. Details on multi-timeframe charting and creating real-time quote watchlists aren’t specified for either app. In short, the MultiBank mobile app is better suited to traders who lean on built-in indicators and saved annotations, while the Spreadex mobile app covers the basics with alerts and drawing tools.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
| Mobile Watchlist [DELETED] |
Dive deeper: Best Forex Trading Apps.
For market research, Spreadex has the edge over MultiBank. Spreadex provides daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones), and an economic calendar—matching MultiBank on news and calendars but adding that daily commentary many traders value. According to ForexBrokers.com, Spreadex earns 4 stars and ranks #32 of 63 brokers for Research, while MultiBank scores 3.5 stars and ranks #50.
Tool-wise, Spreadex includes Autochartist and a sentiment trading tool that shows long/short positioning; MultiBank lacks both. Neither broker offers Trading Central or TipRanks. Spreadex does not use Acuity Trading tools, and MultiBank’s use of Acuity Trading isn’t specified. If you want more built-in analysis tools and day-to-day insights, Spreadex is the stronger pick. If you only need news and a calendar, MultiBank covers the basics.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education, both Spreadex and MultiBank provide at least 10 beginner-friendly videos that explain trading basics. Neither broker runs monthly client webinars, and both fall short on advanced video depth (neither offers 10+ advanced videos). In our ratings, Spreadex edges ahead with 4 stars for Education and ranks 45th out of 63 brokers, while MultiBank earns 3.5 stars and ranks 50th. If your priority is structured video tutorials to start learning forex and CFDs, Spreadex has a slight advantage overall, though both are workable options for newcomers.
Some details aren’t specified: it’s unclear whether either broker meets the threshold of 10 or more total forex/CFD education pieces beyond videos, whether they host a searchable archive of past webinars, or whether they provide an investor dictionary of 50+ terms. If these resources matter to you, check each broker’s learning center for updated listings before deciding.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Spreadex is better than MultiBank. Spreadex finished with an overall rank of #39, while MultiBank finished with an overall rank of #40.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 84 |
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While both Spreadex and MultiBank provide options for trading cryptocurrency derivatives, only MultiBank offers the ability to purchase actual delivered cryptocurrency, a feature not available with Spreadex.
Spreadex vs MultiBank: for deposits and withdrawals, MultiBank supports ACH/SEPA transfers and Skrill, while both brokers allow bank wire transfers and neither supports 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 | Spreadex | MultiBank | |
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| Trust Score | 71 | 84 | |
| Winner | check_circle | ||
| Review | Spreadex Review | MultiBank Review |
| Broker Screenshots | Spreadex | MultiBank | |
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| Regulation | Spreadex | MultiBank | |
|---|---|---|---|
| Trust Score | 71 | 84 | |
| Year Founded | 1999 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | |||
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Spreadex | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1042 | |
| Forex Pairs (Total) | 52 | 40 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| Cryptocurrency (CFDs) | 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 | Spreadex | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Spreadex | MultiBank | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Spreadex | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 38 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Spreadex | MultiBank | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | MultiBank | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Spreadex | MultiBank | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review | MultiBank Review |
| Overall | Spreadex | MultiBank | |
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| Trust Score | 71 | 84 | |
| Winner | check_circle | ||
| Review | Spreadex Review | MultiBank Review |
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