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MultiBank vs Tradeo 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is MultiBank better than Tradeo? In our analysis of 23 international regulators across 62 of the best forex brokers, MultiBank Group is considered trusted, with an overall Trust Score of 82 out of 99. Tradeo is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingMultiBankTradeo
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 82 67
Winner check_circle
Review MultiBank Review
RegulationMultiBankTradeo
Trust Score 82 67
Year Founded 2005 2012
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No Yes info
Tier-1 Licenses 2 0
Tier-2 Licenses 1 1
Tier-3 Licenses 3 0
Tier-1 Licenses (High Trust)MultiBankTradeo
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)MultiBankTradeo
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)MultiBankTradeo
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) Yes No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) Yes No
InvestmentsMultiBankTradeo
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1042 256
Forex Pairs (Total) 41 50
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) 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).
CostMultiBankTradeo
Average Spread EUR/USD - Standard N/A N/A info
All-in Cost EUR/USD - Active N/A N/A info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes No
FundingMultiBankTradeo
Minimum Deposit $50 $200
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsMultiBankTradeo
Proprietary Platform No No
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 Yes No
DupliTrade No No
ZuluTrade No No
Trading ToolsMultiBankTradeo
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 38 30
Charting - Drawing Tools (Total) 17 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingMultiBankTradeo
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 No
Forex Calendar Yes Yes
ResearchMultiBankTradeo
Daily Market Commentary No No
Forex News (Top-Tier Sources) Yes No
Autochartist No No
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationMultiBankTradeo
Has Education - Forex or CFDs No No
Client Webinars No Yes
Client Webinars (Archived) No No
Videos - Beginner Trading Videos No Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No No
Major Forex PairsMultiBankTradeo
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 MultiBank Review
OverallMultiBankTradeo
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 82 67
Winner check_circle
Review MultiBank Review
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MultiBank vs Tradeo Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare MultiBank vs Tradeo.

Does MultiBank or Tradeo offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, MultiBank offers better pricing overall for traders.

Is MultiBank or Tradeo safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. MultiBank holds 2 global Tier-1 licenses, while Tradeo holds 0. Both MultiBank and Tradeo hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, MultiBank earned a higher Trust Score than Tradeo.

Which trading platform is better: MultiBank or Tradeo?

To compare the trading platforms of both MultiBank and Tradeo, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, MultiBank offers a better experience. With research, MultiBank offers superior market research. Finally, we found MultiBank to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both MultiBank and Tradeo offer MetaTrader 4 (MT4).MultiBank and Tradeo both offer copy trading.

How many forex pairs and CFDs are available to trade?

Tradeo provides traders 50 currency pairs (e.g., EUR/USD) compared to MultiBank's 41 available pairs. Forex pairs aside, MultiBank offers traders access to 1042 CFDs while Tradeo has 256 available CFDs, a difference of 786.

Can I trust MultiBank?

MultiBank Group is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and three tier-3 regulators (low trust). MultiBank Group is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). Learn more about Trust Score.

Can I trust Tradeo?

Tradeo is not publicly traded and does not operate a bank. Tradeo is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

Is MultiBank good?

MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform suites (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. On the negative side, the broker’s market research offering is unimpressive and educational content is entirely absent; MultiBank’s poor performance in these important categories drags down its Overall rating.

Is Tradeo good?

Tradeo offers its own trading platform and app but its research, educational materials, and range of markets are limited. Also, Tradeo recently stopped accepting new clients and with just one regulatory license, Tradeo has a lower Trust Score than brokers that hold multiple licenses.

Overall winner: MultiBank

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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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