Written by ForexBrokers.com
In this head to head comparison of Trading 212 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.
Established a year apart, Trading 212 in 2004 and MultiBank in 2005, these online brokers share similarities but also key differences in their regulatory profiles. Neither firm is publicly traded or operates as a bank, which can be an important consideration for some investors. Trading 212 holds two Tier-1 licenses, making it a relatively safe choice, with an average risk Trust Score of 79 as rated by ForexBrokers.com. In comparison, MultiBank boasts three Tier-1 licenses and an additional Tier-2 license, which reinforces its reliable reputation with a trust score of 84, placing it comfortably in the trusted category.
For those navigating the complexities of online brokerage, understanding the regulatory landscape is vital. Trading 212's offering is built on notable but fewer high-trust licenses, possibly suitable for cautious investors aware of some risk. On the other hand, MultiBank's greater number of licenses and higher trust score signal a more secure environment, appealing to those seeking stability backed by a stronger regulatory framework. These factors collectively inform prospective users about the level of security and trust each platform provides.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Year Founded | 2004 | 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 | 0 | 3 |
When considering commissions and fees, Trading 212 and MultiBank present two distinct options for traders. Trading 212 offers an accessible CFD account with a low minimum deposit of 10 euros. While it promotes zero-commission trading, traders must cover the spread, averaging 1.9 pips for the EUR/USD pair in January 2024. This spread, which is above the industry standard, may not be the most competitive. Trading 212 is rated 4 out of 5 stars and ranks 43rd out of 63 brokers on ForexBrokers.com in this category.
MultiBank provides more variety with its three account types: Standard, Pro, and ECN. The Standard account requires a $50 deposit but has relatively higher spreads. In contrast, the Pro account, with a $1,000 minimum deposit, offers more favorable spreads. The ECN account provides the lowest spreads but demands a $10,000 deposit and includes a $3 round-trip commission per trade. Importantly, MultiBank imposes a non-trading inactivity fee of $60 monthly after 90 days of inactivity. It also holds a 4-star rating, positioned slightly better at 38th place on ForexBrokers.com.
Deciding between Trading 212 and MultiBank depends largely on your trading strategy and experience level. While Trading 212 offers a more straightforward approach with fewer account types, MultiBank caters to varying levels of expertise and investment capabilities through its tiered accounts. Both brokers have their pros and cons, but they share the same star rating, making your choice dependent on specific trading needs and preferences.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Minimum Deposit | €10 | $50 |
| Average Spread EUR/USD - Standard | 1.9 | N/A |
| All-in Cost EUR/USD - Active | 1.9 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Trading 212 and MultiBank for their range of investments, both platforms offer forex trading as CFDs or spot contracts; however, the extent of their offerings diverges significantly. Trading 212 provides access to an extensive array of 8,025 tradeable symbols including 146 forex pairs, while MultiBank features 1,042 tradeable symbols with 40 forex pairs. Furthermore, Trading 212 allows clients to invest in exchange-traded securities on both U.S. and international exchanges, enabling the purchase of company shares like Apple and Vodafone. In contrast, MultiBank doesn't offer this option.
Both brokers support the trading of cryptocurrency derivatives, though only MultiBank permits the purchase of actual cryptocurrencies. Trading 212 doesn't provide copy trading, a service available on MultiBank, which might appeal to investors interested in mirroring experienced traders. With these considerations, Trading 212 receives a five-star rating for its range of investments compared to MultiBank's four stars. On ForexBrokers.com, Trading 212 ranks significantly higher in the Range of Investments category, attaining the 15th spot out of 63 brokers, while MultiBank places at 37th, indicating a broader selection available through Trading 212.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8025 | 1042 |
| Forex Pairs (Total) | 146 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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.
When it comes to trading platforms and tools, both Trading 212 and MultiBank offer compelling services, each catering to different preferences. For those keen on simulated trading, both brokers provide a free virtual demo account, allowing users to practice without financial risk. Trading 212 and MultiBank each present their proprietary platforms developed in-house, with Trading 212 solely focusing on a user-friendly web-based platform, whereas MultiBank extends its offerings to include a Windows-based desktop platform too. Notably, while both support web-based trading, Trading 212 does not offer copy trading features or support MetaTrader platforms, such as MT4 or MT5, which are available through MultiBank, alongside its unique support for copy trading. Both brokers allow trading directly from stock charts, but Trading 212 comes ahead with 20 drawing tools, compared to 17 offered by MultiBank, enhancing the user’s charting experience.
For traders interested in watch lists, MultiBank provides a slight edge with seven customizable columns compared to Trading 212’s five. Despite these differences, both brokers rate equally at four out of five stars for their trading platforms and tools. However, Trading 212 achieves a higher ranking of 20th out of 63 brokers according to ForexBrokers.com, whereas MultiBank is positioned at 39th in the same category. This suggests that while both offer strong platforms, Trading 212 gains a slight advantage in terms of user satisfaction and overall platform ranking. Whether you value MultiBank's additional features or Trading 212’s streamlined experience, your choice will largely depend on which platform specifics align better with your personal trading style.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 54 | 38 |
| Charting - Drawing Tools (Total) | 20 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Trading 212 and MultiBank, both platforms cater to iPhone and Android users, supporting traders with essential features like stock and forex price alerts. Trading 212 edges out with features such as watchlist symbol syncing, allowing seamless updates across devices—something MultiBank doesn't offer. In terms of charting tools, Trading 212 provides a remarkable 104 technical studies, far surpassing MultiBank's offering of 30 studies. However, both apps allow drawing trendlines and viewing charts across various time frames, while also auto-saving these custom drawings.
For those interested in real-time market data, both Trading 212 and MultiBank equip users with the ability to create watchlists with live quotes. Despite these similarities, there is a notable difference in their industry rankings. Trading 212 secures the 17th spot out of 63 brokers reviewed by ForexBrokers.com for mobile trading apps, whereas MultiBank sits at 41st place. Both apps have received a respectable rating of 4 out of 5 stars, reflecting their user-friendly designs and comprehensive trading functionalities.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 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 Trading 212 and MultiBank, both brokers present a mix of strengths and limitations. Neither broker offers daily market commentary or collaboration with research companies like Autochartist, Trading Central, or Acuity Trading. However, both provide forex news from top-tier sources such as Bloomberg and Reuters, which ensures that traders stay informed with high-quality news updates. Additionally, each broker operates an economic calendar, helping users keep track of important global news events that could impact their trades.
Trading 212 stands out with its sentiment-based trading tool, which provides valuable insights into the market by displaying the ratio of long to short positions across various instruments. This feature is not available on MultiBank. Despite these offerings, both brokers receive an identical rating of 3.5 stars for market research, though Trading 212 is slightly better ranked at #46 compared to MultiBank's #49 by ForexBrokers.com. Overall, while they offer similar services, Trading 212's sentiment-based tool gives it a slight edge for traders looking for deeper market sentiment insights.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | No | 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) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners, Trading 212 and MultiBank both offer materials to help newcomers get started in forex or CFD trading. Trading 212 provides more comprehensive resources, including monthly webinars and a searchable archive of recorded sessions—features which MultiBank lacks. Both platforms deliver over 10 educational pieces on forex and CFDs and have beginner-specific video content. Still, Trading 212 additionally caters to advanced traders with over 10 videos designed specifically for experienced users, whereas MultiBank does not.
Trading 212 also sets itself apart with an investor dictionary containing definitions for over 50 investing terms, a resource that MultiBank does not offer. Despite both receiving a 3.5-star rating for their educational offerings, Trading 212 ranks higher at #20 compared to MultiBank's #50 among 63 brokers evaluated by ForexBrokers.com. For beginners seeking extensive educational support with broader learning opportunities, Trading 212 appears to offer a more complete package.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | 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 Trading 212 is better than MultiBank. Trading 212 finished with an overall rank of #31, while MultiBank finished with an overall rank of #40.
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 84 |
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Trading 212 does not facilitate the purchase of actual (delivered) cryptocurrency but does offer cryptocurrency derivatives, whereas MultiBank provides options for buying both actual cryptocurrency and cryptocurrency derivatives.
Trading 212 and MultiBank both support ACH, SEPA transfers, Visa/Mastercard, and bank wires for depositing and withdrawing funds, but differ in additional payment methods, with Trading 212 offering PayPal and MultiBank supporting Skrill.
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 | Trading 212 | MultiBank | |
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| Trust Score | 79 | 84 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | MultiBank Review |
| Broker Screenshots | Trading 212 | MultiBank | |
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| Regulation | Trading 212 | MultiBank | |
|---|---|---|---|
| Trust Score | 79 | 84 | |
| Year Founded | 2004 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Trading 212 | 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 | Trading 212 | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8025 | 1042 | |
| Forex Pairs (Total) | 146 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | Trading 212 | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.9 | N/A | |
| All-in Cost EUR/USD - Active | 1.9 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trading 212 | MultiBank | |
|---|---|---|---|
| Minimum Deposit | €10 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Trading 212 | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trading 212 | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 54 | 38 | |
| Charting - Drawing Tools (Total) | 20 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | 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 | 104 | 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 | Trading 212 | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | No | 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 | Yes | Yes |
| Education | Trading 212 | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trading 212 | 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 | Trading 212 Review | MultiBank Review |
| Overall | Trading 212 | MultiBank | |
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| Trust Score | 79 | 84 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | MultiBank Review |
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