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 |
TMGM and MultiBank offer trading accounts with differing fee structures that cater to various investor needs. TMGM stands out with its Edge account, which is noted for having low spreads and a modest commission of $3.50 per side ($7 per round trip). However, a missing component is TMGM's absence of recent average spread data for EUR/USD, which is often crucial for traders assessing overall costs. The Classic account, while spread-only, does not provide swap-free options, leaving the Edge account as the choice for Sharia-compliant investors. In terms of user ratings, TMGM scores 4 out of 5 stars and ranks 36th in the Commissions and Fees category out of 63 brokers evaluated by ForexBrokers.com.
MultiBank offers three distinct account types to match different investor profiles. The Standard account is accessible with a $50 minimum deposit but has relatively higher spreads, making it less attractive to experienced traders. Alternatively, the Pro account, which requires a $1,000 minimum deposit, offers more competitive spreads. For traders seeking the tightest spreads, the ECN account is an excellent option, requiring a $10,000 deposit and carrying a low round-trip commission of $3 per trade. It is worth noting that MultiBank does implement a $60 inactivity fee after 90 days without trading activity. MultiBank also boasts a 4 out of 5-star rating for its fees and sits at 38th place among the 63 brokers reviewed for the Commissions and Fees category.
Both TMGM and MultiBank are rated similarly, but the choice between them may depend more on individual trading priorities such as initial deposit preferences, trading strategies, or the need for Sharia-compliant options. TMGM offers a well-regarded Edge account with notable commission structure, but lacks detailed average spread figures. MultiBank provides more tiers of fee structures across its accounts, appealing to different levels of trading commitment. Evaluating your trading goals and cost sensitivities will guide your decision between these competitive brokers.
| 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 TMGM and MultiBank for their range of investments, TMGM offers a broader variety with 12,000 tradeable symbols, substantially more than MultiBank's 1,042. In terms of forex trading, both platforms provide this as a CFD or spot contract. TMGM boasts 62 tradeable forex pairs against MultiBank's 40. While neither broker provides direct access to exchange-traded securities on U.S. or international exchanges, both support copy trading options. For cryptocurrency enthusiasts, MultiBank offers the ability to buy actual cryptocurrencies, whereas TMGM only supports cryptocurrency derivatives.
TMGM is rated at 4.5 stars for its range of investments, achieving a higher ranking (#17) among brokers reviewed by ForexBrokers.com compared to MultiBank's 4-star rating and #37 rank. This indicates TMGM's broader offering and more extensive selection in tradeable assets, appealing to traders seeking diversity in their investment options. In conclusion, TMGM stands out with its wide range of symbols and higher ratings, making it a preferable choice for those valuing variety and depth in trading instruments.
| 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 provide a solid array of options for traders looking to engage in the financial markets. Each broker offers a simulated trading experience with free virtual demo accounts, allowing users to hone their skills without financial risk. While both brokers support popular platforms like MetaTrader 4 and MetaTrader 5, TMGM opts not to offer a proprietary trading platform, unlike MultiBank which offers its in-house developed option. Traders can access both desktop and web-based platforms with either broker, ensuring flexibility and convenience for trading on different devices.
When it comes to charting capabilities, MultiBank outshines TMGM slightly by offering 17 drawing tools compared to TMGM's 15, though both provide the ability to trade directly from stock charts. For those interested in watch lists, each broker includes seven column fields to tailor their market watch. Both also support copy trading, enabling users to mirror experienced traders' strategies. Despite multi-faceted offerings, neither broker supports DupliTrade or ZuluTrade. Ratings for their trading platforms and tools stand at four stars each, with TMGM ranked 48th and MultiBank slightly higher at 39th by ForexBrokers.com among 63 brokers.
| 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 offer comprehensive features for traders on the go. Each platform provides iPhone and Android apps, allowing for easy access to trading tools from various devices. Users of both apps can set stock or forex price alerts and have the ability to create watchlists with real-time quotes. Although neither TMGM nor MultiBank supports syncing watchlist symbols across different devices, both apps come equipped with 30 technical studies for charting and enable users to draw trendlines on charts. The mobile apps also allow viewing different time frames, such as daily or weekly, which enhances the trading experience.
Additional features include the auto-saving of chart drawings, contributing to a convenient and seamless user experience. Both TMGM and MultiBank have been rated four stars for their mobile trading apps, reflecting a solid performance as noted by their users. However, in the ForexBrokers.com rankings out of 63 brokers, MultiBank holds a slight edge, positioned at #41 compared to TMGM's #47, which may influence the decision of traders seeking a slightly higher ranked platform. Regardless, both apps offer a robust set of features tailored to meet the needs of modern traders.
| 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 the market research offerings of TMGM and MultiBank, TMGM stands out with its comprehensive daily market commentary and forex news from prestigious sources like Bloomberg and Reuters. Both brokers share the value of providing high-quality forex news, yet TMGM offers additional resources with its Trading Central tools and sentiment-based trading features. While neither broker partners with Autochartist or TipRanks, TMGM distinguishes itself with innovative tools from Acuity Trading, such as Signal Centre, enhancing their research capabilities. Furthermore, both brokers provide economic calendars to keep traders informed of current and upcoming global events.
Interestingly, despite TMGM's diverse range of research tools, both firms receive the same rating of 3.5 stars for market research. However, in the rankings of 63 brokers by ForexBrokers.com, MultiBank edges out slightly, being ranked at #49 compared to TMGM at #53 in the research category. This suggests that while TMGM offers more extensive analysis tools, the overall perception of research quality or fulfillment might slightly favor MultiBank.
| 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 stands out by offering a diverse range of materials, including over ten insightful pieces such as articles and videos primarily focused on forex and CFDs. This makes it easier for beginners to grasp the essentials of trading. TMGM, on the other hand, does not meet this level of variety, lacking the same amount of beginner-friendly educational content. While both platforms do not offer monthly webinars, TMGM compensates with a searchable archive of previously recorded sessions, providing learners the chance to revisit valuable content at their convenience — an option not available with MultiBank.
For those just starting out, MultiBank takes the lead with at least ten specialized beginner videos dedicated to trading topics, unlike TMGM, which does not offer the same. However, TMGM does provide an investor dictionary that defines over 50 investing terms, a handy tool for newcomers striving to understand financial jargon. Both platforms have been rated 3.5 stars for education, but when ranked by ForexBrokers.com, MultiBank holds a slight edge at the 50th spot, with TMGM trailing at 54th. This comparison underscores the importance of tailored educational tools for enhancing the learning curve of aspiring traders.
| 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 63 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
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|---|---|---|
| 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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