Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill, founded in 2014, is an online broker that is not publicly traded and not a bank. It holds 2 Tier-1 licenses, which establishes it as highly trusted according to ForexBrokers.com, and also possesses 2 Tier-2 licenses. With a Trust Score of 86 out of 99, Tickmill is categorized as a trusted broker, providing customers with a sense of security and credibility in their online trading endeavors.
MultiBank, established in 2005, shares the same status of being neither publicly traded nor a bank. This broker stands out with 3 Tier-1 licenses, showing a commitment to high standards of trust, alongside 1 Tier-2 license. Earning a Trust Score of 84 out of 99 on ForexBrokers.com, MultiBank is also deemed a trusted broker. Both Tickmill and MultiBank offer solid safety ratings, supported by their regulatory licenses, making them appealing choices for online traders.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Year Founded | 2014 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When it comes to commissions and fees, Tickmill distinguishes itself with two primary account options: the Classic and Raw accounts. The Classic account is commission-free, with costs solely tied to the bid/ask spread, which averages about 1.76 pips. In contrast, the Raw account—formerly known as the Pro account—provides tighter spreads, exemplified by the typical 0.11 pips spread for EUR/USD. Despite an increased commission of $3 per side per 100,000 units, translating into an all-in cost of 0.71 pips, Tickmill remains highly appealing for active traders. It maintains a top ranking of #4 among 63 brokers from ForexBrokers.com in the Commissions and Fees category, earning a perfect 5-star rating.
MultiBank offers three account types: Standard, Pro, and ECN. The Standard account features higher spreads and a low minimum deposit of $50, making it less attractive unless for beginners. The Pro account requires a $1,000 deposit, offering more competitive spreads. MultiBank's ECN account, which needs a $10,000 deposit, delivers the lowest spreads alongside a nominal round-trip commission of $3 per trade. However, traders should be wary of the $60 inactivity fee charged by MultiBank if their account remains dormant for 90 days. Ranked at #38 by ForexBrokers.com, MultiBank garners a respectable 4-star rating for commissions and fees.
In summary, while both brokers provide competitive offerings, Tickmill's low-cost structure and high ranking make it a standout choice for active traders. MultiBank, on the other hand, provides a tiered account structure that caters to varying levels of trader experience, though its fee model is somewhat less competitive than Tickmill's. Whether you're an active trader looking for tight spreads or a beginner exploring low-entry options, understanding these differences can help tailor your trading experience to your needs.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.70 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | 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.
Tickmill and MultiBank both offer forex trading as CFDs or spot contracts, catering to traders interested in this popular market. While Tickmill features 637 tradeable symbols, MultiBank surpasses this by offering an impressive 1042 symbols. However, Tickmill shines in the forex pair category, providing 63 tradeable pairs compared to MultiBank's 40. Both brokers allow cryptocurrency derivatives but differ when it comes to actual cryptocurrencies; only MultiBank enables the purchase of actual delivered cryptocurrencies.
Neither Tickmill nor MultiBank offers exchange-traded securities from U.S. or international exchanges, meaning clients can't purchase shares outright, like those of Apple or Vodafone. That said, both platforms support copy trading, which can attract investors interested in mirroring successful trading strategies. Rated 3.5 stars, Tickmill ranks #42 in the Range of Investments category as per ForexBrokers.com, slightly behind MultiBank, which holds a 4-star rating and ranks #37 among 63 brokers.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 1042 |
| Forex Pairs (Total) | 63 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
Tickmill and MultiBank each offer a well-rounded set of trading platforms and tools suitable for a wide range of users. Both brokers provide the opportunity to practice with simulated trading through free virtual demo accounts. While Tickmill does not feature a proprietary platform, MultiBank delivers its own in-house developed platform alongside popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are offered by both brokers. Regardless of your device preference, both brokers ensure accessibility with Windows-based desktop and web-based trading platforms. Traders interested in social aspects will find copy trading options available with both Tickmill and MultiBank.
For traders keen on technical analysis, both brokers offer a solid experience with features to trade directly from stock charts. However, MultiBank stands out a bit more with 17 drawing tools compared to Tickmill's 9. When it comes to watchlist customization, both platforms let you configure up to seven columns of fields. In terms of overall ratings for their trading platforms and tools, both Tickmill and MultiBank each earn four out of five stars, attesting to their quality offerings. However, Tickmill takes a slight edge in ranking, positioned at #29 compared to MultiBank's #39 out of 63 brokers, according to ForexBrokers.com.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 91 | 38 |
| Charting - Drawing Tools (Total) | 9 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and MultiBank provide mobile apps for trading on iPhone and Android devices, making it convenient for users to trade on the go. These apps allow traders to receive real-time stock and forex price alerts, adding a vital layer of accessibility for decision-making. Unique to their offerings are the capabilities to draw trendlines and view multiple time frames on stock and forex charts, ensuring that traders have the tools they need for technical analysis. Both platforms include chart auto-saving, which preserves users' detailed work seamlessly.
Although both Tickmill and MultiBank excel in offering 30 technical studies within their mobile apps, neither service supports syncing watchlist symbols between the app and the online account. Traders can create watchlists with real-time quotes, beneficial for keeping track of preferred stocks and forex pairs. Despite both apps receiving a solid four-star rating for mobile trading, Tickmill slightly edges out MultiBank in rankings, placed at #29 compared to MultiBank's #41 position according to ForexBrokers.com. This distinction may serve as a determining factor for traders choosing between these two brokers.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 the market research capabilities of online brokers Tickmill and MultiBank, there are several notable distinctions. Tickmill stands out with its provision of daily market commentary, a feature not available with MultiBank. Both brokers cater to forex traders by offering news from renowned sources like Bloomberg and Reuters. However, when it comes to sentiment-based trading tools, only Tickmill provides a tool that displays the ratio of long and short positions across different currency pairs.
Additionally, Tickmill offers tools from Acuity Trading, such as Signal Centre, while MultiBank does not. Both brokers offer an economic calendar with both current and upcoming global news events. When it comes to their overall ratings for research, Tickmill scores higher with four stars as compared to MultiBank's 3.5 stars. Among 63 brokers ranked by ForexBrokers.com, Tickmill holds a more favorable position at #21, whereas MultiBank is placed at #49.
| Feature |
Tickmill
|
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 | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Tickmill appears to offer a richer experience compared to MultiBank. Both platforms provide educational content related to forex and CFDs, ensuring a good starting point for new traders. However, Tickmill stands out by hosting at least one online webinar each month and maintaining a searchable archive of these sessions. This feature enables learners to revisit critical discussions and insights at their convenience, a benefit MultiBank does not currently offer. Additionally, Tickmill caters to both novices and seasoned traders with a range of beginner and advanced videos, whereas MultiBank lacks the same advanced educational material.
Another key aspect that sets Tickmill apart is its comprehensive investor dictionary containing over 50 investing terms, which can be an invaluable resource for understanding trading jargon. In contrast, MultiBank doesn’t offer such a dictionary. Reflecting these differences, Tickmill scores a higher rating for education at four stars compared to MultiBank's 3.5 stars. Furthermore, Tickmill ranks 15th out of 63 brokers in the education category on ForexBrokers.com, while MultiBank holds the 50th position, clearly indicating Tickmill's superior educational offerings for beginners.
| Feature |
Tickmill
|
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 Tickmill is better than MultiBank. Tickmill finished with an overall rank of #22, while MultiBank finished with an overall rank of #40.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 84 |
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When comparing online brokers Tickmill and MultiBank in the realm of cryptocurrency trading, it's notable that while both platforms offer the ability to buy cryptocurrency derivatives, only MultiBank provides the capability to purchase actual, delivered cryptocurrency.
Tickmill and MultiBank provide various options for depositing and withdrawing funds; Tickmill supports PayPal, Skrill, Visa/Mastercard, and bank wires but lacks ACH or SEPA transfers, while MultiBank does not offer PayPal but facilitates transactions through ACH or SEPA, Skrill, Visa/Mastercard, and bank wires.
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 | Tickmill | MultiBank | |
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| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | Tickmill Review | MultiBank Review |
| Broker Screenshots | Tickmill | MultiBank | |
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| Regulation | Tickmill | MultiBank | |
|---|---|---|---|
| Trust Score | 86 | 84 | |
| Year Founded | 2014 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Tickmill | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 1042 | |
| Forex Pairs (Total) | 63 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Tickmill | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.70 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | 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 | Tickmill | MultiBank | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Tickmill | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 91 | 38 | |
| Charting - Drawing Tools (Total) | 9 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | 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 | 30 | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill Review | MultiBank Review |
| Overall | Tickmill | MultiBank | |
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| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | Tickmill Review | MultiBank Review |
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