Written by ForexBrokers.com
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.
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.
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
|
MultiBank
|
|---|---|---|
| Year Founded | 2014 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
Trade Nation and MultiBank are both reputable online brokers, each offering unique pricing structures for their services. Trade Nation stands out for its competitive fixed-spread pricing model across all tradable symbols on its proprietary platform. This pricing remains consistent, except during the daily rollover period, where spreads briefly widen. For the popular EUR/USD pair, Trade Nation maintains a fixed spread of 0.6 pips, with a short increase to 1.4 pips during the rollover, resulting in a true average closer to 1 pip. With three primary account types, including two MetaTrader-based and one proprietary TN Trader account, Trade Nation effectively provides low spreads, particularly on its TN Trader platform. For its commissions and fees, Trade Nation earns a stellar 5-star rating and is placed #7 out of 63 brokers by ForexBrokers.com.
In contrast, MultiBank offers three account types: Standard, Pro, and ECN, each catering to different levels of trader experience and investment commitment. The Standard account requires a modest $50 minimum deposit but comes with higher spreads, making it less appealing for experienced traders. In contrast, the Pro account, with a $1,000 minimum deposit, offers more competitive spreads. The ECN account requires a $10,000 deposit and includes the lowest spreads along with a round-trip commission of $3 per trade. Despite a more intricate tiered structure, MultiBank's commissions and fees earn it a commendable 4-star rating and a #38 ranking by ForexBrokers.com.
Both brokers provide distinct advantages depending on a trader's priorities. Trade Nation excels with its transparent fixed-spread approach, while MultiBank offers varied account options with increasingly attractive terms for those ready to invest more significantly. However, it's worth noting that MultiBank does have a $60 monthly inactivity fee, which traders need to consider if they are not actively trading. For traders prioritizing fees and predictability, Trade Nation may offer a slight edge.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 it comes to the breadth of investment options, both Trade Nation and MultiBank deliver noteworthy selections, but with some key differences. Trade Nation offers a wide array of 1,000 tradeable symbols and features 46 forex pairs, allowing for diverse forex trading opportunities as CFDs or spot contracts. MultiBank slightly surpasses Trade Nation with 1,042 tradeable symbols but offers just 40 forex pairs. While both brokers do not provide access to exchange-traded securities on U.S. or international exchanges, they both cater to cryptocurrency enthusiasts with cryptocurrency derivatives, though only MultiBank allows the purchase of actual cryptocurrencies. Furthermore, both Trade Nation and MultiBank offer copy trading options, which can appeal to new or busy investors interested in mimicking successful strategies.
Evaluations place Trade Nation and MultiBank in close competition regarding the range of investments, with Trade Nation receiving a 3.5-star rating and MultiBank earning a slightly higher 4-star rating. According to ForexBrokers.com, Trade Nation is ranked 38th out of 63 brokers for its range of investments, while MultiBank is just ahead at 37th. These ratings suggest that while both brokers provide a diverse suite of investment opportunities, MultiBank offers a marginally broader selection, especially for those interested in actual cryptocurrencies.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 1042 |
| Forex Pairs (Total) | 46 | 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.
Trade Nation and MultiBank both deliver a comprehensive range of features for traders, yet they each have unique offerings that cater to different preferences. Both brokers provide simulated trading through free virtual demo accounts, allowing traders to practice without risk. They also feature proprietary platforms alongside the popular MetaTrader 4 (MT4). While Trade Nation does not support MetaTrader 5 (MT5), MultiBank includes this option in its platform lineup. Both brokers offer web-based and Windows desktop platforms, along with the ability for copy trading. However, neither broker supports DupliTrade or ZuluTrade.
When it comes to charting tools, Trade Nation stands out with 39 drawing tools compared to MultiBank's 17. MultiBank, however, provides the convenience of trading directly from stock charts, a feature not available with Trade Nation. Additionally, Trade Nation offers a more extensive watch list capability with 14 columns compared to MultiBank's 7. Both brokers earn a solid 4-star rating for their trading platforms and tools, although MultiBank is slightly higher ranked at #39 out of 63 brokers, while Trade Nation is positioned at #44 according to ForexBrokers.com. Whether you prioritize extensive charting tools or direct chart trading, both brokers deliver options that suit different trading styles and requirements.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 38 |
| Charting - Drawing Tools (Total) | 39 | 17 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Trade Nation and MultiBank both offer comprehensive mobile trading apps for iPhone and Android users. Each platform provides crucial tools such as stock and forex price alerts, the capability to draw trendlines, and the option to view multiple time frames on charts. Additionally, both apps allow users to create watchlists with real-time quotes and automatically save chart drawings to enhance user experience.
However, when it comes to charting features, Trade Nation offers a more extensive selection with 99 technical studies, compared to MultiBank's 30. Furthermore, Trade Nation provides seamless watchlist symbol syncing across devices, a feature not present in MultiBank’s app. Despite these differences, both apps receive a solid four-star rating. According to ForexBrokers.com, MultiBank ranks slightly higher at 41st, whereas Trade Nation ranks 45th out of 63 brokers in the Mobile Trading Apps category.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 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.
Trade Nation and MultiBank both offer notable features for traders seeking market research, although they differ in specific areas. Trade Nation stands out by providing daily market commentary and excellent forex news from top-tier sources like Bloomberg and Reuters. Additionally, Trade Nation offers a sentiment-based trading tool that provides insights by showing the ratio of long or short positions across currencies, adding value to traders' strategies. Furthermore, they provide research tools from Acuity Trading, enhancing the analytical resources available to their users. However, they do not offer research tools from Autochartist or Trading Central, nor do they provide an economic calendar or market research from TipRanks.
MultiBank, on the other hand, matches Trade Nation in offering forex news from prestigious sources such as Bloomberg and Reuters. However, MultiBank does lack daily market commentary and sentiment tools. They also do not utilize Autochartist or Trading Central tools, nor do they have a tie-up with TipRanks for market research. Unlike Trade Nation, MultiBank includes an economic calendar that highlights current and upcoming global news events, a useful feature for traders keeping track of market influences. In terms of research ratings, both Trade Nation and MultiBank score 3.5 stars, with Trade Nation ranking slightly higher (#42) compared to MultiBank (#49) as assessed by ForexBrokers.com.
| Feature |
Trade Nation
|
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 | No | Yes |
Dive deeper: Best Brokers for Forex Research.
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
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 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
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 84 |
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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.
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.
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 | Trade Nation | MultiBank | |
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| Trust Score | 85 | 84 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | MultiBank Review |
| Broker Screenshots | Trade Nation | MultiBank | |
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| Regulation | Trade Nation | MultiBank | |
|---|---|---|---|
| Trust Score | 85 | 84 | |
| Year Founded | 2014 | 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 | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 1042 | |
| Forex Pairs (Total) | 46 | 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 | Trade Nation | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | 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 | Trade Nation | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 38 | |
| Charting - Drawing Tools (Total) | 39 | 17 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | 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 | No | Yes |
| Education | Trade Nation | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trade Nation | 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 | Trade Nation Review | MultiBank Review |
| Overall | Trade Nation | MultiBank | |
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| Trust Score | 85 | 84 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | MultiBank Review |
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