Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
ThinkMarkets and MultiBank, established in 2010 and 2005 respectively, are prominent online brokers in the financial trading industry. Neither of these brokers is publicly traded or operates as a bank. ThinkMarkets leads with a higher trust score of 92, qualifying it as highly trusted according to ForexBrokers.com. In comparison, MultiBank holds a trust score of 84, indicating a trusted status. The regulatory strength of these brokers varies, with ThinkMarkets possessing five Tier-1 licenses and two Tier-2 licenses, enhancing its appeal to cautious investors. MultiBank, on the other hand, holds three Tier-1 licenses and one Tier-2 license, underscoring its commitment to maintaining regulatory compliance.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Year Founded | 2010 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
When comparing commissions and fees, both ThinkMarkets and MultiBank earn 4 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, ThinkMarkets is ranked #48 of 63, while MultiBank ranks higher at #39 of 63, signaling a slight edge for MultiBank in overall cost competitiveness.
ThinkMarkets’ detailed average spread data is not available, which makes direct cost comparisons harder. Even so, its 4-star rating suggests competitive pricing overall, but traders may want to verify current spreads and any applicable charges directly on the platform before opening an account.
MultiBank offers three account types for forex and CFD trading with different cost profiles. The Standard account has a low $50 minimum deposit but comes with higher spreads. The Pro account lowers spreads with a $1,000 minimum deposit. For the tightest spreads, the ECN account requires a $10,000 minimum deposit and adds a $3 round-trip commission per trade. Note that MultiBank also charges a non-trading inactivity fee of $60 per month after 90 days without trading activity.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average spread (EUR/USD) - Standard account | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
ThinkMarkets and MultiBank both offer forex trading (CFD or spot) along with copy trading and crypto CFDs. ThinkMarkets stands out for breadth with 4,000 tradable symbols and 46 forex pairs, compared with MultiBank’s 1,042 symbols and 40 pairs. For exchange-traded shares, neither broker offers U.S.-listed stocks, but ThinkMarkets does provide access to international shares (non-CFD), while MultiBank does not. If owning cryptocurrency matters, MultiBank lets you buy actual crypto in addition to crypto CFDs, whereas ThinkMarkets limits crypto to CFDs.
For range of investments, ThinkMarkets is rated 4.5/5 stars and ranks #24 out of 63 brokers at ForexBrokers.com. MultiBank is rated 4/5 stars and ranks #38 out of 63. In short: choose ThinkMarkets for more symbols and international share dealing, or pick MultiBank if you want the option to buy real cryptocurrency.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 1042 |
| Forex Pairs (Total) | 46 | 40 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | 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.
ThinkMarkets and MultiBank both check the key boxes for trading platforms and tools. Each broker offers a free demo account for practice, plus a proprietary platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on Windows desktop or in your browser, use copy trading, and place trades directly from charts—making either option easy to access whether you prefer web or downloadable software and whether you are testing strategies or trading live.
Both brokers earn 4 stars for Trading Platforms and Tools from ForexBrokers.com. In that category, ThinkMarkets ranks #28 out of 63 brokers, while MultiBank ranks #40. If platform breadth and third-party options like MT4/MT5 are priorities, both will suit most traders; if you want the higher-ranked overall platform experience, ThinkMarkets has a slight edge.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets and MultiBank both offer iPhone and Android trading apps with price alerts, trendline drawing, and automatic saving of chart annotations. One limitation is that neither app syncs watchlists between mobile and your online account, so changes made in one place won’t show up in the other.
When it comes to charting depth, ThinkMarkets has the edge with 94 built-in technical studies versus MultiBank’s 30—useful if you lean on indicators to plan trades. Both apps earned 4 out of 5 stars for Mobile Trading Apps, but the rankings tell a different story: ThinkMarkets is #20 out of 63 brokers, while MultiBank is #42, according to ForexBrokers.com. Choose ThinkMarkets if you want more indicators; pick MultiBank if you just need the essentials on the go.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
ThinkMarkets stands out for research thanks to daily market commentary, a sentiment-based trading tool, and access to Acuity Trading tools, alongside an economic calendar and top-tier forex news (e.g., Bloomberg/Reuters/Dow Jones). MultiBank delivers leading news and an economic calendar, but it does not provide daily market commentary or a sentiment tool. Both brokers lack Autochartist and Trading Central integrations, and neither offers TipRanks. Availability of Acuity Trading tools at MultiBank was not confirmed in our data.
Both ThinkMarkets and MultiBank earn 3.5 out of 5 stars for research. In ForexBrokers.com’s rankings, MultiBank is placed #50 out of 63 brokers, while ThinkMarkets is close behind at #51. If you want daily insights and trader sentiment, ThinkMarkets is the better fit; if you mainly need high-quality news and an economic calendar, either broker works.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
ThinkMarkets vs MultiBank for beginner education: both brokers offer at least 10 beginner videos that teach the basics of forex and CFD trading. ThinkMarkets also runs monthly educational webinars, giving you a chance to learn live and ask questions, while MultiBank does not offer monthly webinars. For Education, both are rated 3.5 out of 5 stars; in category rankings, MultiBank sits at #50 out of 63 brokers and ThinkMarkets is close behind at #52.
If you plan to build skills over time, ThinkMarkets provides at least 10 advanced videos for experienced traders, whereas MultiBank does not. In short, choose ThinkMarkets if you want beginner videos plus live webinars and a clearer path to advanced material; pick MultiBank if you prefer on‑demand beginner videos and don’t need regular webinars.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that ThinkMarkets is better than MultiBank. ThinkMarkets finished with an overall rank of #27, while MultiBank finished with an overall rank of #40.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 84 |
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ThinkMarkets vs MultiBank: ThinkMarkets does not let you buy actual (delivered) cryptocurrency but does offer cryptocurrency CFDs, while MultiBank supports buying actual crypto and also offers cryptocurrency CFDs.
Among online brokers, MultiBank supports ACH/SEPA transfers for deposits and withdrawals while ThinkMarkets does not; information on each broker’s support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | ThinkMarkets | MultiBank | |
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| Trust Score | 92 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Trust Score | 92 | 84 | |
| Year Founded | 2010 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | 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) | No | Yes | |
| Switzerland (FINMA Authorised) | |||
| 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) | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 1042 | |
| Forex Pairs (Total) | 46 | 40 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | 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 | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $50 | $50 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | 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 | 94 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | ThinkMarkets | MultiBank | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | MultiBank Review |
| Overall | ThinkMarkets | MultiBank | |
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| Trust Score | 92 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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