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Trade Nation vs MultiBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Trade Nation vs MultiBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Trade Nation
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 1000
MultiBank
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 84
  • Tradeable Symbols (Total): 1042

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.

Regulation

Trade Nation, founded in 2014, and MultiBank, established in 2005, are both well-regarded online brokers that prioritize safety and regulatory compliance. Neither company is publicly traded or operates as a bank. In terms of regulatory licenses, Trade Nation holds two Tier-1 licenses and one Tier-2 license, indicating a high level of trustworthiness. Meanwhile, MultiBank boasts three Tier-1 licenses and one Tier-2 license, showcasing its strong regulatory standing.

When it comes to trust scores, Trade Nation receives an 85 out of 99 from ForexBrokers.com, placing it in the "trusted" category. MultiBank is not far behind with a trust score of 84, also considered "trusted" according to ForexBrokers.com’s rating system. Both brokers are reliable options, though Trade Nation edges slightly ahead in the trust score comparison.

Feature Trade Nation logoTrade Nation
MultiBank logoMultiBank
Year Founded info 2014 2005
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 3

Fees

Trade Nation emphasizes simple, fixed spreads on its TN Trader platform—EUR/USD is listed at 0.6 pips, briefly widening around the daily rollover (about an hour) to as much as 1.4 pips, putting the true average near 1 pip over time. On MetaTrader, you can choose a commission-free account with higher spreads or the Raw Spread account that adds a $3.50 commission per side ($7 round-trip) per standard lot. When you factor in all-in costs, TN Trader typically delivers the lowest pricing among Trade Nation’s account options. Trade Nation is rated 5/5 stars for commissions and fees and ranks #7 out of 63 brokers by ForexBrokers.com.

MultiBank offers a tiered lineup: Standard (minimum $50, higher spreads), Pro (minimum $1,000, lower spreads), and ECN (minimum $10,000) with its tightest spreads plus a $3 round-trip commission per trade. Note the non-trading cost: a $60 monthly inactivity fee kicks in after 90 days without trading. MultiBank is rated 4/5 stars for commissions and fees and ranks #39 out of 63 brokers by ForexBrokers.com.

Comparison takeaway: Trade Nation’s fixed pricing favors cost predictability and competitive all-in costs, especially on TN Trader, while its MetaTrader Raw Spread account adds a clear-cut $7 round-trip per lot. MultiBank can be sharp on its ECN tier thanks to the $3 round-trip commission, but it requires a higher minimum deposit and has a notable inactivity fee. If you value steady, straightforward spreads, Trade Nation stands out; if you can meet higher minimums and stay active, MultiBank’s ECN structure may appeal.

Feature Trade Nation logoTrade Nation
MultiBank logoMultiBank
Minimum Deposit info $0 $50
Average Spread EUR/USD - Standard info 0.6 N/A
All-in Cost EUR/USD - Active info 0.6 N/A
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Trade Nation vs. MultiBank: Both brokers support forex trading and copy trading, but neither lets you buy actual exchange‑listed shares in the U.S. or overseas. MultiBank lists 1,042 tradeable instruments compared with Trade Nation’s 1,000. That said, Trade Nation offers more forex pairs (46 vs 40), which can appeal to currency-focused traders.

For crypto, MultiBank lets you buy actual coins and trade crypto derivatives, while Trade Nation offers crypto only as derivatives. These differences align with independent scores: MultiBank earns 4.0/5 stars for Range of Investments and ranks 38th out of 63 brokers at ForexBrokers.com, while Trade Nation is rated 3.5/5 stars and ranks 39th. In short, MultiBank has a slightly wider overall catalog, while Trade Nation provides a broader selection of forex pairs.

Feature Trade Nation logoTrade Nation
MultiBank logoMultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1000 1042
Forex Pairs (Total) info 46 40
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Trade Nation and MultiBank both tick many boxes for trading platforms and tools. Each offers a free demo account for paper trading, their own in-house platform, a Windows desktop download, a web-based platform, copy trading, and MetaTrader 4 (MT4). MultiBank goes a step further with MetaTrader 5 (MT5), while both skip DupliTrade and ZuluTrade. A notable difference is chart trading: MultiBank lets you place trades directly from charts, whereas Trade Nation does not.

For charting, Trade Nation supplies more drawing tools (39) than MultiBank (17). Trade Nation also provides more watchlist fields (14) compared to MultiBank (7). Indicator counts aren’t specified for either. In independent ratings, both are scored 4 out of 5 stars for Trading Platforms and Tools; however, MultiBank ranks #40 out of 63 brokers at ForexBrokers.com, ahead of Trade Nation at #45.

Feature Trade Nation logoTrade Nation
MultiBank logoMultiBank
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 115 38
Charting - Drawing Tools (Total) info 39 17
Charting - Trade From Chart info No Yes
Watchlists - Total Fields info 14 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Trade Nation and MultiBank both deliver full-featured mobile trading apps on iPhone and Android. Each app supports forex and CFD trading with price alerts, trendline drawing, multiple time frames, auto‑saved chart drawings, and watchlists with real-time quotes. Both earn 4 out of 5 stars for mobile trading apps. In ForexBrokers.com’s 63-broker comparison, MultiBank ranks #42, while Trade Nation sits at #46.

The key differences come down to charting depth and watchlist convenience. Trade Nation offers 99 technical studies and syncs watchlists between the mobile app and your online account, so changes update everywhere. MultiBank provides 30 technical studies and does not sync watchlists. Choose Trade Nation if you want more indicators and cross-device watchlists; pick MultiBank if you’re fine with the essentials and prefer an app from a slightly higher-ranked broker.

Feature Trade Nation logoTrade Nation
MultiBank logoMultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 99 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Trade Nation vs. MultiBank for market research: Trade Nation delivers daily market commentary and top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), plus a sentiment tool that shows long/short positioning. It also offers research from Acuity Trading (such as Signal Centre). However, it does not include Autochartist, Trading Central, TipRanks, or an economic calendar. MultiBank provides high-quality forex news and an economic calendar, but it lacks daily commentary, a sentiment tool, Autochartist, Trading Central, and TipRanks. Access to Acuity Trading tools at MultiBank is not clearly stated.

Both brokers are rated 3.5 out of 5 stars for Research. In ForexBrokers.com’s rankings of 63 brokers, Trade Nation places #43, ahead of MultiBank at #50—thanks to Trade Nation’s added commentary and sentiment data, while MultiBank’s strength is its built-in calendar.

Feature Trade Nation logoTrade Nation
MultiBank logoMultiBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info Yes
Economic Calendar info No Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, Trade Nation and MultiBank both offer a range of materials to help newcomers navigate the world of forex and CFD trading. Both platforms provide a minimum of 10 educational pieces, including articles and videos, aimed at beginners. However, neither broker offers online educational webinars or a searchable archive of past webinars, which could be a drawback for those who prefer interactive learning experiences.

Trade Nation has an edge when it comes to the variety of videos available, as they offer over 10 advanced educational videos for those looking to deepen their trading knowledge, while MultiBank falls short in this regard. Additionally, Trade Nation provides an investor dictionary with over 50 investing terms, a resource not available with MultiBank. Despite these differences, both brokers share the same rating of 3.5 stars in the education category, though Trade Nation is ranked higher at #41 compared to MultiBank's #50 out of 63 brokers evaluated by ForexBrokers.com.

Feature Trade Nation logoTrade Nation
MultiBank logoMultiBank
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Trade Nation is better than MultiBank. Trade Nation finished with an overall rank of #34, while MultiBank finished with an overall rank of #40.

Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.

Feature Trade Nation logoTrade Nation
MultiBank logoMultiBank
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 85 84
Range of Investments 3.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Trade Nation or MultiBank?

When comparing online brokers, Trade Nation does not allow the purchase of actual cryptocurrency but offers cryptocurrency derivatives, whereas MultiBank provides the option to buy both actual cryptocurrency and cryptocurrency derivatives.

What funding options does each broker offer?

While both Trade Nation and MultiBank offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing account funds, only MultiBank supports ACH and SEPA transfers, as neither broker provides PayPal as a transaction method.

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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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Overall Rating Trade Nation MultiBank
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 85 84
Winner check_circle
Review Trade Nation Review MultiBank Review
Broker Screenshots Trade Nation MultiBank
Broker Gallery (click to expand) info
Trade Nation MetaTrader 4 desktop platform. Trade Nation MetaTrader 4 desktop charts. Trade Nation TN Trader web platform. Trade Nation TradingView connection. Trade Nation TradingView web platform trade ticket window. Trade Nation TradingView web platform. Trade Nation web platform. Trade Nation client portal web dashboard Trade Nation MetaTrader 4 desktop platform. Note: Past performance is not a reliable indicator of future performance. Trade Nation web platform Signal Centre dashboard powered by Acuity detail. Note: Past performance is not a reliable indicator of future performance. Trade Nation web platform add signal to order ticket Trade Nation web platform trade ticket limit order Trade Nation web platform charting ChartIQ. Note: Past performance is not a reliable indicator of future performance.
MultiBank MetaTrader 4 (MT4) mobile app charts. MultiBank Plus platform login. MultiBank Plus platform news reserach. MultiBank Group educational ebooks web portal powered by MTE Media
Regulation Trade Nation MultiBank
Trust Score info 85 84
Year Founded info 2014 2005
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes
Tier-1 Licenses info 2 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 3
Tier-1 Licenses (Highly Trusted) Trade Nation MultiBank
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes
Tier-2 Licenses (Trusted) Trade Nation MultiBank
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Trade Nation MultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1000 1042
Forex Pairs (Total) info 46 40
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) info 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 Trade Nation MultiBank
Average Spread EUR/USD - Standard info 0.6 N/A
All-in Cost EUR/USD - Active info 0.6 N/A
Active Trader or VIP Discounts info No No
Inactivity Fee info No Yes
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding Trade Nation MultiBank
Minimum Deposit info $0 $50
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms Trade Nation MultiBank
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Trade Nation MultiBank
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 14 7
Charting - Indicators / Studies (Total) info 115 38
Charting - Drawing Tools (Total) info 39 17
Charting - Trade From Chart info No Yes
Charts can be saved info No Yes
Mobile Trading Trade Nation MultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 99 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info No Yes
Research Trade Nation MultiBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info No Yes
Education Trade Nation MultiBank
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Trade Nation MultiBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Trade Nation Review MultiBank Review
Overall Trade Nation MultiBank
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 85 84
Winner check_circle
Review Trade Nation Review MultiBank Review
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