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 ThinkMarkets and MultiBank, both brokers earn a solid four-star rating for their commissions and fees. However, their rankings differ, with ThinkMarkets positioned at #47 and MultiBank slightly ahead at #38 out of 63 brokers according to ForexBrokers.com. This suggests that while both brokers offer competitive fees, MultiBank may have a slight edge in this category.
ThinkMarkets' comprehensive fee structure information, including average spread data, is not available, which may be a point of consideration for some traders. Conversely, MultiBank provides clearer insights into its pricing with several account types tailored to different trading needs. From the Standard account with a $50 minimum deposit and higher spreads to the Pro account with a $1,000 deposit requirement and lower spreads, traders have options. The ECN account offers the lowest spreads at MultiBank with a $10,000 deposit and a modest commission of $3 per trade, which can appeal to experienced traders seeking cost-effective solutions.
One point to keep in mind with MultiBank is the $60 per month inactivity fee applied if your account remains dormant for 90 days. Understanding these distinctions between ThinkMarkets and MultiBank can help traders choose a broker that better aligns with their financial strategies and trading frequency.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 online brokers ThinkMarkets and MultiBank in terms of their range of investments, ThinkMarkets takes a lead with a significant offering. ThinkMarkets provides its users with access to 4,000 tradeable symbols, eclipsing MultiBank's 1,042. Both platforms offer robust forex trading as CFDs or spot contracts; however, ThinkMarkets slightly edges out with 46 tradeable forex pairs against MultiBank's 40. Neither broker offers exchange-traded securities from U.S. exchanges like Apple shares, but ThinkMarkets does give investors the option to purchase actual shares from international exchanges, unlike MultiBank.
For those interested in innovative trading options, both brokers support copy trading to allow users to mimic the trades of more experienced investors. Cryptocurrency enthusiasts will find that MultiBank provides the option to buy actual cryptocurrencies, while ThinkMarkets focuses on cryptocurrency derivatives for those looking to speculate rather than own. ThinkMarkets excels with a high 4.5-star rating for its range of investments, ranking #22 out of 63 brokers analyzed by ForexBrokers.com, compared to MultiBank's 4-star rating at #37. This makes ThinkMarkets a slightly more comprehensive choice for a broad array of investment opportunities.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 1042 |
| Forex Pairs (Total) | 46 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | 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 exploring the trading platforms and tools offered by ThinkMarkets and MultiBank, both stand out for providing comprehensive options suitable for traders across various experience levels. Each broker offers a free virtual demo account, a proprietary platform, and a Windows-based desktop platform alongside a web-based trading platform. Additionally, they both support popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. While neither broker provides DupliTrade or ZuluTrade, both facilitate copy trading and allow investors to trade directly from stock charts, catering to a wide range of trading needs.
ThinkMarkets and MultiBank differ in subtle yet crucial aspects. ThinkMarkets features 15 drawing tools for charting compared to MultiBank’s 17, offering slightly more flexibility in technical analysis. However, ThinkMarkets edges slightly ahead in watch list customization with 15 columns available, whereas MultiBank offers 7. Despite both brokers receiving a 4-star rating for their trading platforms and tools, ForexBrokers.com ranks ThinkMarkets 28th amongst 63 brokers for this category, indicating a marginal advantage over MultiBank, which ranks 39th. This nuanced comparison helps traders make informed decisions based on their preferences and specific trading needs.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 38 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both ThinkMarkets and MultiBank offer applications compatible with iPhone and Android devices, catering to the needs of traders on the go. Both apps allow for stock or forex price alerts and provide real-time quotes through customizable watchlists. However, neither app currently supports watchlist symbol syncing between the mobile app and the client's online account. A key differentiator is the number of technical studies available for charting; ThinkMarkets stands out with 94 options compared to MultiBank’s 30, which can be beneficial for traders who rely on technical analysis.
Both trading apps from ThinkMarkets and MultiBank enable users to draw trendlines on charts and save these annotations automatically. They also support viewing multiple time frames, which is crucial for those analyzing daily, weekly, or intraday market movements. In terms of user ratings, both received four out of five stars for their mobile trading apps. However, according to ForexBrokers.com, ThinkMarkets is ranked 20th among 63 brokers in the mobile trading apps category, whereas MultiBank comes in at 41st. This ranking might indicate a higher overall satisfaction with ThinkMarkets' app features and performance.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing ThinkMarkets with MultiBank in terms of market research offerings, ThinkMarkets provides daily market commentary, which is a valuable tool for traders seeking up-to-date insights. In contrast, MultiBank does not offer daily commentary. Both brokers deliver forex news from top sources like Bloomberg and Reuters, ensuring clients receive timely and reliable information. However, neither broker offers technical analysis tools from companies like Autochartist or Trading Central, which could be a consideration for traders who rely heavily on such resources.
ThinkMarkets stands out with a sentiment-based trading tool that displays the ratio of long or short positions, aiding traders in gauging market sentiment. This feature is absent in MultiBank's offerings. Additionally, ThinkMarkets offers research tools from Acuity Trading, enhancing its research capabilities further than MultiBank, which does not provide such tools. Both brokers offer an economic calendar to keep clients informed of global events, reflecting a shared commitment to comprehensive market awareness. Despite these differences, both receive a 3.5-star rating for research by ForexBrokers.com, with ThinkMarkets ranked 50th and MultiBank slightly ahead in 49th place out of 63 brokers.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners in forex and CFDs, both ThinkMarkets and MultiBank provide a variety of materials to help new traders learn the ropes. ThinkMarkets offers over ten educational pieces, including articles, videos, and archived webinars, specifically focused on forex and CFDs. They also provide monthly online webinars for clients, alongside a searchable archive of previously recorded sessions. Additionally, ThinkMarkets caters to both newcomers and experienced traders by offering separate beginner and advanced educational video series, each with more than ten videos. To support their learning materials, they provide an investor dictionary containing over 50 investing terms, making them a comprehensive choice for those looking to deepen their trading knowledge.
Similarly, MultiBank also offers more than ten educational pieces dedicated to forex and CFDs, as well as a series of beginner-friendly videos. However, unlike ThinkMarkets, MultiBank does not offer monthly webinars or a searchable archive of recorded sessions. Furthermore, they lack advanced educational videos and an extensive investor dictionary, which might influence how in-depth a beginner can go in their learning journey with them. Despite these differences, both brokers achieve an education rating of 3.5 out of 5 stars. In terms of ranking among 63 brokers by ForexBrokers.com, MultiBank is slightly ahead at position 50, while ThinkMarkets comes in at 52.
| Feature |
ThinkMarkets
|
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) | 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
|
MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 84 |
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When comparing ThinkMarkets and MultiBank, ThinkMarkets allows trading in cryptocurrency derivatives but not actual cryptocurrencies, whereas MultiBank offers both cryptocurrency derivatives and the ability to buy actual, delivered cryptocurrencies.
In comparing online brokers, ThinkMarkets and MultiBank both provide options to deposit or withdraw funds via Skrill, Visa, Mastercard, and bank wires, but only MultiBank offers ACH or SEPA transfers, with neither supporting PayPal transactions.
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 | |
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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) | 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) | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | 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 | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 1042 | |
| Forex Pairs (Total) | 46 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | 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 | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $50 | $50 | |
| PayPal (Deposit/Withdraw) | No | 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 | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| Charting - Drawing Tools (Total) | 15 | 17 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 94 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | 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) | Yes | No |
| Major Forex Pairs | ThinkMarkets | 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 | MultiBank Review |
| Overall | ThinkMarkets | MultiBank | |
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| Trust Score | 92 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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