Written by ForexBrokers.com
In this head to head comparison of TMGM 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.
When comparing online brokers TMGM and MultiBank, both platforms have carved out reputable positions in the trading industry. Founded in 2013, TMGM holds 2 Tier-1 licenses, emphasizing its commitment to security and reliability. On the other hand, MultiBank, established in 2005, holds 3 Tier-1 licenses and an additional Tier-2 license, reflecting a slightly broader regulatory footprint. Neither broker is publicly traded on stock exchanges, nor operates as a bank, minimizing complexities for traders.
In terms of trustworthiness, ForexBrokers.com assigns TMGM a trust score of 83 out of 99, labeling it as a trusted entity. MultiBank closely follows with a score of 84, which also places it in the trusted category. These scores reflect their conformance with industry standards and dedication to providing secure trading environments. Both brokers offer solid regulatory compliance, although MultiBank's additional licensing might appeal to traders seeking slightly higher assurance.
| Feature |
TMGM
|
MultiBank
|
|---|---|---|
| Year Founded | 2013 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
When comparing TMGM and MultiBank for their commissions and fees, both brokers receive solid ratings and have distinct structures catered to different trader needs. TMGM provides a competitive offering with its Edge account, which charges a small commission of $3.50 per side, totaling $7 per round trip, combined with low prevailing spreads. However, it's worth noting that specific average spread data, especially for the EUR/USD, was not readily available, which might make a comprehensive comparison harder for detailed cost assessments. TMGM offers two types of accounts: the spread-only Classic and the commission-based Edge, with the Edge being the preferable choice due to its competitive costs. Moreover, for those seeking Sharia-compliant options, TMGM provides interest-free accounts solely within its Edge offering.
Meanwhile, MultiBank offers three main account types: Standard, Pro, and ECN. The Standard account has the lowest entry point with a $50 minimum deposit, but this comes with higher spreads that might not appeal to anyone beyond complete beginners. The Pro account, requiring a $1,000 minimum deposit, provides lower spreads. For the best rates, traders might consider the ECN account, though it demands a $10,000 minimum deposit and adds a small commission of $3 per trade. It's also important for users of MultiBank to be aware of a $60 monthly inactivity fee that applies after 90 days of non-trading.
Rating-wise, TMGM and MultiBank both earn 4 out of 5 stars for their commissions and fees. In the ForexBrokers.com ranking, TMGM is positioned at #36 out of 62 brokers, while MultiBank follows closely at #38, which suggests they are equally competitive but with variations that cater to different trading preferences and budget levels.
| Feature |
TMGM
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | N/A | 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) | 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 range of investments available at TMGM and MultiBank, TMGM offers an impressive selection with 12,000 tradeable symbols, vastly outnumbering MultiBank's 1,042 symbols. Both brokers provide forex trading as a CFD or spot contract, but TMGM edges out with 62 forex pairs compared to MultiBank's 40. While neither broker offers the option to trade exchange-traded securities on U.S. or international exchanges, they both support copy trading. It's worth noting that TMGM allows for cryptocurrency derivatives but does not offer the option to purchase actual cryptocurrencies. In contrast, MultiBank provides the unique ability to buy real cryptocurrencies alongside derivatives.
Overall, TMGM's investment options are highly regarded, earning a 4.5-star rating for range of investments and achieving a #17 ranking out of 62 brokers according to ForexBrokers.com. Meanwhile, MultiBank receives a 4-star rating and is positioned at #37 in the same category. For investors seeking a broader range of tradeable symbols and forex pairs, TMGM seems to have the upper hand, though MultiBank's offering of real cryptocurrency purchases is a notable distinction for crypto enthusiasts.
| Feature |
TMGM
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 1042 |
| Forex Pairs (Total) | 62 | 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.
Both TMGM and MultiBank offer virtual demo accounts that allow users to practice trading with simulated funds. When it comes to their trading platforms, TMGM does not have an in-house developed option, while MultiBank boasts its proprietary platform. However, both brokers offer reliable options with Windows-based desktop platforms, web-based trading, and compatibility with popular MetaTrader 4 and MetaTrader 5 software. Copy trading is supported by both, though neither offers DupliTrade or ZuluTrade as features.
In terms of technical resources, both brokers offer seven columns for watch lists and the ability to trade directly from stock charts. TMGM provides 15 drawing tools for charting, whereas MultiBank offers an enhanced experience with 17 drawing tools. Despite these differences, each broker receives a solid four-star rating for their trading platforms and tools. MultiBank ranks slightly higher in the Trading Platforms and Tools category at #39 out of 62 brokers, compared to TMGM’s #48 ranking, according to ForexBrokers.com.
| Feature |
TMGM
|
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 comparing the mobile trading apps of TMGM and MultiBank, both brokers offer highly functional platforms for iPhone and Android users. They ensure traders stay updated with stock or forex price alerts and enable the ability to draw trendlines and view multiple time frames on charts. Each app supports 30 technical studies for charting, enhancing technical analysis capabilities. Moreover, both apps allow the creation of watchlists with real-time quotes, although neither offers watchlist symbol syncing between mobile and online accounts.
Despite their similarities, TMGM and MultiBank differ slightly in their user ratings and rankings. Both apps have received favorable feedback, earning an identical rating of four out of five stars for mobile trading. However, MultiBank edges out with a slightly better ranking, placing 41st compared to TMGM's 47th position among 62 brokers reviewed by ForexBrokers.com. This close competition makes either option a solid choice for those seeking effective mobile trading solutions.
| Feature |
TMGM
|
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 TMGM and MultiBank for market research, both brokers offer forex news from top-tier sources such as Bloomberg and Reuters, as well as economic calendars to help traders stay informed about global events. However, TMGM stands out by providing daily market commentary, which is a resource not available through MultiBank. Further enhancing its offerings, TMGM gives access to tools from Trading Central, providing technical analytics, along with sentiment-based trading tools that highlight market positions in real-time. Additionally, TMGM users benefit from Acuity Trading tools, such as Signal Centre, which is not available with MultiBank.
Despite TMGM's extra tools and commentary, both TMGM and MultiBank receive a 3.5-star rating for research, as evaluated by ForexBrokers.com. In terms of research ranking, MultiBank takes a slight lead being placed at #49 among 62 brokers, whereas TMGM is ranked #53. This demonstrates that even though TMGM offers more diverse research tools, MultiBank slightly edges out in the overall research ranking according to ForexBrokers.com metrics.
| Feature |
TMGM
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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, MultiBank and TMGM offer varying experiences. MultiBank provides a wealth of forex and CFDs learning materials, including over ten educational pieces such as articles, videos, and archived webinars. Moreover, MultiBank features more than ten videos specifically tailored for beginners, although it does not host online webinars each month or offer an investor dictionary. TMGM, on the other hand, lacks the quantity of educational content MultiBank provides; however, it has a searchable archive of recorded webinars and a comprehensive investor dictionary with more than 50 terms explained in simple language.
Both TMGM and MultiBank fall short when it comes to offering monthly educational webinars and advanced trading videos. Despite these similarities, TMGM excels with its investor dictionary, a handy tool for those new to trading, while MultiBank's strength lies in its extensive beginner-friendly video content. Both brokers receive a 3.5-star rating for education, yet their rankings within the education category reveal subtle differences, with MultiBank slightly edging out TMGM. Overall, while neither platform offers a perfect educational suite, each has its unique strengths catering to the needs of novice traders in different ways.
| Feature |
TMGM
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that TMGM is better than MultiBank. TMGM finished with an overall rank of #37, while MultiBank finished with an overall rank of #40.
TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform – though the platform-specific requirements will limit who can use it.
| Feature |
TMGM
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 84 |
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TMGM does not offer the ability to buy actual delivered cryptocurrency but does provide cryptocurrency derivatives, while MultiBank allows for the purchase of both actual delivered cryptocurrency and cryptocurrency derivatives.
In comparing online brokers TMGM and MultiBank, TMGM allows deposits or withdrawals through PayPal, Skrill, Visa or Mastercard, and bank wires but lacks ACH or SEPA transfer options, while MultiBank enables clients to use ACH or SEPA, Skrill, Visa or Mastercard, and bank wires, although it does not support 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 | TMGM | MultiBank | |
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| Trust Score | 83 | 84 | |
| Winner | check_circle | ||
| Review | TMGM Review | MultiBank Review |
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| Regulation | TMGM | MultiBank | |
|---|---|---|---|
| Trust Score | 83 | 84 | |
| Year Founded | 2013 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | TMGM | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | TMGM | 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 | TMGM | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 1042 | |
| Forex Pairs (Total) | 62 | 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 | TMGM | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | 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 | TMGM | 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 | TMGM | 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 | TMGM | 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 | TMGM | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | TMGM | 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 | TMGM Review | MultiBank Review |
| Overall | TMGM | MultiBank | |
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| Trust Score | 83 | 84 | |
| Winner | check_circle | ||
| Review | TMGM Review | MultiBank Review |
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