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 | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | 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.
When comparing the investment offerings of online brokers Tickmill and MultiBank, several key differences emerge. Both brokers provide the opportunity to trade forex as either a CFD or spot contract, but the breadth of options varies. Tickmill offers 725 tradeable symbols, including 63 forex pairs, while MultiBank provides a more extensive selection with 1042 tradeable symbols, though it features only 40 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, which means clients cannot directly buy stocks like Apple's or Vodafone's shares through these platforms.
For investors interested in digital assets, MultiBank has an edge, as it allows the purchase of actual cryptocurrencies, not just derivatives, whereas Tickmill only offers cryptocurrency derivatives. Both, however, support copy trading, catering to users who prefer automated strategies. In terms of ratings, Tickmill receives 3.5 stars for its range of investments, ranking 42 out of 63 brokers according to ForexBrokers.com. MultiBank holds a slightly higher rating of 4 stars and ranks 37 in the same category, reflecting its broader selection of tradeable symbols and capability to handle actual cryptocurrencies.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 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 are both brokerages offering a range of trading platforms and tools suitable for different trading styles and preferences. Both brokers provide free virtual demo accounts, allowing users to practice trading without risk. While Tickmill lacks a proprietary platform, it compensates by supporting MetaTrader 4 and MetaTrader 5, alongside its Windows-based download and web-based platforms, which are echoed by MultiBank. Both brokers also offer copy trading but do not support DupliTrade or ZuluTrade.
In terms of charting capabilities, MultiBank edges out with 17 drawing tools compared to Tickmill's 15, though both offer trading directly from stock charts—a handy feature for active traders. They each provide a comprehensive watch list with seven columns. Despite their similarities, Tickmill ranks slightly higher at #32 compared to MultiBank's #39 in ForexBrokers.com's Trading Platforms and Tools category, with both earning a solid four-star rating. This makes them competitive choices for traders evaluating platforms and tools.
| 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) | 30 | 38 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Tickmill and MultiBank offer apps for iPhone and Android devices, making them accessible for a wide range of users. These apps include essential features like stock or forex price alerts and allow users to create watchlists with real-time quotes. Both platforms offer 30 technical studies for chart analysis, support drawing trendlines, and provide options to view charts in multiple time frames. Importantly, both apps automatically save chart drawings. However, neither Tickmill nor MultiBank provides watchlist symbol syncing between the mobile app and the user's online account.
In terms of user ratings, Tickmill and MultiBank both earn a solid 4 out of 5 stars for their mobile trading apps. Despite their similar offerings, Tickmill edges ahead with a ranking of #32 out of 63 brokers in the Mobile Trading Apps category, according to ForexBrokers.com, while MultiBank is ranked at #41. This may make Tickmill the slightly more appealing choice for users prioritizing app performance and recognition in the trading community.
| 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 offerings of Tickmill and MultiBank, there are noticeable differences that can guide your decision based on your trading needs. Tickmill provides daily market commentary to help you stay informed, while MultiBank does not offer this feature. Both brokers deliver forex news sourced from reputable organizations such as Bloomberg and Reuters. However, Tickmill strengthens its services with a sentiment-based trading tool that reveals the ratio of long versus short positions across currency pairs. Moreover, Tickmill benefits from incorporating research tools from Acuity Trading, such as Signal Centre, which are not available through MultiBank.
Another critical feature that both Tickmill and MultiBank offer is an economic calendar covering global economic events. Despite this, Tickmill achieves a higher research rating with four out of five stars, surpassing MultiBank’s 3.5-star rating. On ForexBrokers.com, Tickmill ranks significantly higher at 22nd place for research among 63 brokers, whereas MultiBank falls to 49th place. These distinctions suggest that Tickmill might be the better choice for traders focused on comprehensive research tools and timely market insights.
| 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 | No |
| 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
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|---|---|---|
| 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) | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | 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 | Tickmill | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 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 | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | 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) | 30 | 38 | |
| Charting - Drawing Tools (Total) | 15 | 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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