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 |
When comparing the commissions and fees of online brokers Spreadex and MultiBank, both offer unique advantages to traders. Spreadex, with a 4-star rating in commissions and fees, ranks #27 out of 63 brokers in this category. It provides an average spread of 0.81 pips for EUR/USD as of January 2024, achieving a minimum spread of 0.6 pips 60% of the time. These favorable spreads position Spreadex as a competitive option for traders seeking to minimize costs.
MultiBank also holds a 4-star rating for commissions and fees but ranks slightly lower at #38 out of 63 brokers. It presents three account types: Standard, Pro, and ECN. The Standard account, while accessible with a $50 minimum deposit, carries relatively higher spreads and might only be suitable for beginners. The Pro account improves on this by offering lower spreads for a $1,000 deposit. For the lowest spreads, the ECN account stands out, albeit with a $10,000 minimum deposit and a round-trip commission of $3 per trade. An inactivity fee of $60 per month applies if the account remains dormant for 90 days.
Both brokers are well-regarded, yet they cater to different trading strategies and experiences. Spreadex offers consistently low spreads, making it attractive for those prioritizing cost-efficiency. Meanwhile, MultiBank provides versatility with its tiered account options, ensuring traders can choose based on their budget and trading frequency.
| 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 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Spreadex and MultiBank for their range of investments, both platforms offer forex trading as CFDs or spot contracts. Spreadex stands out with an impressive roster of 10,000 tradable symbols, including 52 forex pairs, whereas MultiBank offers a more modest 1,042 symbols and 40 forex pairs. Both brokers lack the ability to trade exchange-traded securities on U.S. or international exchanges, meaning you cannot directly invest in companies like Apple or Vodafone through them.
In terms of additional services, MultiBank has a few advantages, such as offering copy trading and the ability to buy actual cryptocurrencies, unlike Spreadex, which focuses on cryptocurrency derivatives. Despite these differences, Spreadex has earned a higher recognition for its range of investments, receiving a 5-star rating compared to MultiBank's 4 stars. Furthermore, Spreadex ranks 13th out of 63 brokers in the Range of Investments category on ForexBrokers.com, significantly ahead of MultiBank, which sits at the 37th position.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1042 |
| Forex Pairs (Total) | 52 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing Spreadex and MultiBank, both brokers provide traders with a range of resources and capabilities, yet they cater to distinct user needs. Spreadex and MultiBank both provide free virtual demo accounts, allowing traders to practice without financial risk. Each broker offers a proprietary platform, developed in-house, and a web-based trading platform for convenient access across devices. However, MultiBank surpasses Spreadex with a dedicated Windows-based desktop download platform, which might appeal to those who prefer a traditional setup. A notable distinction is MultiBank's support for the widely-used MetaTrader 4 and MetaTrader 5 platforms, as well as copy trading features, which are absent from Spreadex's offerings.
For traders focused on charting and analysis, both platforms enable direct trading from stock charts. Spreadex provides 11 drawing tools, while MultiBank offers a slightly more extensive suite with 17 tools. When it comes to organizing market watches, Spreadex gives traders eight columns, one more than MultiBank. Despite their differences, both brokers receive four stars for their trading platforms and tools. Spreadex is ranked #46 and MultiBank #39 out of 63 brokers by ForexBrokers.com within this category, highlighting MultiBank's slight edge in this competitive field.
| Feature |
Spreadex
|
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) | 58 | 38 |
| Charting - Drawing Tools (Total) | 11 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and MultiBank offer mobile trading apps compatible with iPhone and Android devices. These apps support crucial features like forex and stock price alerts and allow users to draw trendlines and view different time frames on charts. A notable difference is in the charting capabilities; while Spreadex does not specify the number of technical studies available, MultiBank provides 30. However, MultiBank stands out with the ability to save chart drawings automatically, a feature missing from Spreadex. Despite these differences, both brokers have a similar rating of 4 out of 5 stars for their mobile trading apps.
In terms of syncing features, neither Spreadex nor MultiBank offers watchlist syncing between the mobile app and online accounts, which might be a limitation for users who want consistent updates across devices. Both apps do allow the creation of watchlists with real-time quotes, ensuring traders can always stay informed. When ranked by ForexBrokers.com, MultiBank holds a slightly better position at #41 compared to Spreadex’s #46, reflecting minor differences that might sway user preferences depending on specific needs in mobile trading functionality.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 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 Spreadex and MultiBank in terms of market research offerings, Spreadex seems to have an edge. Spreadex provides daily market commentary, which is a feature MultiBank lacks. Both brokers deliver forex news from top-tier sources such as Bloomberg and Reuters, ensuring you stay informed with the latest financial updates. However, when it comes to technical analysis tools, Spreadex includes resources from Autochartist, whereas MultiBank does not. Additionally, Spreadex offers a sentiment-based trading tool to gauge market movements, again a feature missing from MultiBank's platform. An economic calendar is available through both brokers, helping traders keep track of global events that might influence market dynamics.
Both brokers have room for improvement in some areas, as neither offer tools from Trading Central or Acuity Trading, nor do they provide market research from TipRanks. Despite these gaps, in terms of research capabilities, Spreadex holds a higher rating of 4 stars compared to MultiBank's 3.5 stars. This difference in features is reflected in their rankings, with Spreadex positioned at #31 out of 63 brokers by ForexBrokers.com, leaving MultiBank further down the list at #49. This suggests that while both options can cater to traders seeking essential research tools, Spreadex provides a slightly more comprehensive suite of market research resources.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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 comparing the educational resources available for beginners at Spreadex and MultiBank, both brokers offer more than 10 educational pieces focusing on forex or CFDs, which include articles, videos, and archived webinars. Both platforms also provide a variety of beginner-friendly videos that cover basic trading topics to help new traders gain confidence. However, neither Spreadex nor MultiBank hosts monthly online educational webinars or maintains a searchable archive of recorded client webinars, which can limit the depth of ongoing educational support available to traders.
Spreadex has an edge with an investor dictionary that contains definitions of over 50 investing terms, which can be a helpful tool for beginners looking to understand trading jargon. This dictionary might contribute to Spreadex’s slightly higher education rating of 4 stars compared to MultiBank's 3.5 stars. According to ForexBrokers.com, Spreadex ranks #45, whereas MultiBank is positioned at #50 out of 63 brokers in the education category, which reflects the slight differences in their educational offerings for beginners.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | 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.
Comparing online brokers Spreadex and MultiBank, MultiBank offers a wider variety of deposit and withdrawal options including ACH/SEPA transfers and Skrill, while both platforms support Visa, Mastercard, and bank wire transactions, with neither offering 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 |
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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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Spreadex | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1042 | |
| Forex Pairs (Total) | 52 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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). |
| Cost | Spreadex | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Spreadex | 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 | Spreadex | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 38 | |
| Charting - Drawing Tools (Total) | 11 | 17 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 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 | Spreadex | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | 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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