Written by ForexBrokers.com
In this head to head comparison of Vantage 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.
Founded in 2009, Vantage is an online broker not publicly traded and not a bank. It holds two Tier-1 licenses and one Tier-2 license, reflecting its strong regulatory standing. With a Trust Score of 90 from ForexBrokers.com, Vantage is considered highly trusted, making it a reliable choice for those looking to trade with confidence.
In comparison, MultiBank was established earlier in 2005 and, like Vantage, it is not publicly traded and not a bank. MultiBank boasts three Tier-1 licenses and one Tier-2 license, indicating a good regulatory status. However, it has a Trust Score of 84, placing it in the trusted category but slightly below Vantage in terms of overall trust. This may be an essential consideration for potential investors seeking robust regulatory oversight.
| Feature |
Vantage
|
MultiBank
|
|---|---|---|
| Year Founded | 2009 | 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 | 3 | 3 |
When it comes to commissions and fees, Vantage offers a range of account options that cater to different trading needs. Users can choose from the Standard STP account, which operates on a spread-only basis, as well as the commission-based RAW ECN and PRO ECN accounts. The Standard account features typical spreads of 1.30 pips on the EUR/USD. In contrast, the RAW account offers average spreads of 0.15 pips with a commission of $3 per side, totaling 0.75 pips. The PRO ECN account boasts competitive rates with a $2 commission per side and is Vantage’s best-priced option, though it requires meeting specific funding or categorization criteria. Vantage is rated 4.5 stars for its commissions and fees and ranked #19 out of 63 brokers.
MultiBank provides three main account types: Standard, Pro, and ECN. The Standard account requires a minimal $50 deposit which is accessible for beginners but carries higher spreads. For traders seeking a middle ground, the Pro account demands a $1,000 deposit and offers lower spreads than the Standard option. The ECN account requires a $10,000 minimum deposit and provides the smallest spreads available, with a small round-trip commission of $3 per trade. However, MultiBank charges a $60 inactivity fee after 90 days of no activity. The broker is rated 4 stars for its commissions and fees, placing it at #38 in the rankings of 63 brokers.
In essence, both Vantage and MultiBank offer structured account options tailored to varying levels of trading expertise and financial capability. While Vantage provides more competitive pricing options for those who meet certain criteria, MultiBank caters to a broader baseline of traders with its low entry Standard account. However, active traders at Vantage can benefit from its rebate program, which potentially lowers costs further. Overall, both platforms present unique advantages, allowing traders to choose based on personal priorities and available capital.
| Feature |
Vantage
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Active Trader or VIP Discounts | Yes | 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.
Vantage and MultiBank both stand out in the online brokerage world for their impressive forex trading options. Both platforms offer forex trading as CFDs or spot contracts. However, Vantage provides access to a more extensive range of 61 forex pairs compared to MultiBank's 40. When considering the total number of tradeable symbols, MultiBank slightly edges out with 1,042 options against Vantage's 1,000. While neither offers exchange-traded securities on U.S. or international exchanges, both platforms do support copy trading and offer derivatives for cryptocurrency trading.
A key distinction between the two brokers is that MultiBank allows for the purchase of actual cryptocurrencies, which Vantage does not. In ratings, MultiBank has a slight lead, securing a 4-star rating for its range of investments compared to Vantage's 3.5-star rating. According to ForexBrokers.com, MultiBank ranks #37 out of 63 in the Range of Investments category, making it a better choice for those looking for diversity in investment options, while Vantage comes in at #50 in the same category.
| Feature |
Vantage
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 1042 |
| Forex Pairs (Total) | 61 | 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.
When comparing the trading platforms and tools of Vantage and MultiBank, both brokers provide comprehensive services to cater to the needs of both novice and experienced traders. Each offers simulated trading, proprietary platforms, and support for widely-used trading software such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Users will appreciate the option of Windows-based and web-based trading platforms, enabling convenient access to their accounts from various devices. Additionally, both brokers facilitate copy trading, a useful feature for those looking to mimic the trades of successful investors. However, Vantage offers support for DupliTrade, while neither supports ZuluTrade.
Charting tools and customization options are important factors for many traders. Vantage provides 15 drawing tools, whereas MultiBank offers 17. Despite the difference in this aspect, both brokers support trading directly from a stock chart. Their watch lists include seven columns, providing traders with necessary data points for informed decision-making. In terms of rankings and ratings, Vantage holds the 21st position out of 63 brokers for trading platforms and tools, compared to MultiBank at 39th, although both receive a solid four-star rating for their offerings. This indicates a slight edge for Vantage in terms of platform performance as perceived by industry experts.
| Feature |
Vantage
|
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) | Yes | Yes |
| DupliTrade | Yes | 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.
Both Vantage and MultiBank offer mobile trading apps available on iPhone and Android, providing traders with the tools needed for efficient trading on-the-go. Both apps feature stock and forex price alerts and allow users to draw trendlines and view multiple time frames on their charts. Additionally, they support creating watchlists with real-time quotes, although neither app supports syncing watchlists between the mobile app and the online account. Each app includes 30 technical studies for in-depth chart analysis, and user drawings are auto-saved for future reference.
When it comes to app performance, both brokers are rated 4 out of 5 stars for their mobile trading apps. However, Vantage ranks slightly higher at #28 compared to MultiBank's #41 in ForexBrokers.com's category for mobile trading apps. Traders can expect a reliable experience from both platforms, but Vantage might edge ahead if ranking is a crucial consideration for the user. With key features like comprehensive charting tools and real-time alerts, these apps are designed to meet the needs of traders looking to stay updated in a dynamic market environment.
| Feature |
Vantage
|
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 capabilities of online brokers Vantage and MultiBank, Vantage takes a notable lead with comprehensive offerings. Vantage provides daily market commentary, helping traders stay informed about ongoing developments. In addition to forex news from top-tier sources like Bloomberg and Reuters, Vantage is equipped with advanced technical analysis tools from Autochartist and Trading Central, empowering traders with valuable insights and analytics. Traders also benefit from sentiment-based trading tools that illustrate market positions across currency pairs. An economic calendar is available to keep users updated on global news events, aligning with the needs of informed trading decisions.
On the contrary, while MultiBank does share leading forex news sources similar to Vantage, it lacks some of the advanced features. MultiBank doesn't offer the market commentary, Autochartist tools, or sentiment-based trading tools that Vantage provides, which might impact in-depth analysis and decision-making for traders. Both brokers offer an economic calendar, ensuring a basic level of market awareness. These differences culminate in Vantage being rated 4 stars for research, compared to MultiBank’s 3.5 stars, and positions Vantage at #21 in rankings by ForexBrokers.com versus MultiBank’s #49 ranking, establishing Vantage as a stronger choice for those prioritizing market research in trading.
| Feature |
Vantage
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | 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 evaluating Vantage and MultiBank for educational resources aimed at beginners, several factors set these online brokers apart. Both Vantage and MultiBank provide over 10 educational pieces about forex or CFDs, using formats like articles, videos, and archived webinars to assist new traders. Where Vantage shines is in offering monthly live webinars, giving beginners the opportunity to engage and learn in real-time, a feature absent in MultiBank's offerings. Furthermore, Vantage provides a searchable archive of these webinars for continuous learning, whereas MultiBank does not. Additionally, both brokers offer a collection of beginner-focused educational videos, but Vantage extends its materials with over 10 advanced-level videos tailored for more experienced traders, which MultiBank lacks.
Vantage also offers an investor dictionary with definitions of more than 50 investing terms, a resource that MultiBank does not provide. These educational advantages contribute to Vantage’s higher rating of 4 stars for Education, compared to MultiBank’s 3.5 stars. Among 63 brokers assessed by ForexBrokers.com, Vantage holds the #24 rank, demonstrating its commitment to education, while MultiBank is positioned at #50. For beginners seeking a comprehensive educational experience, Vantage clearly holds an edge.
| Feature |
Vantage
|
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 Vantage is better than MultiBank. Vantage finished with an overall rank of #26, while MultiBank finished with an overall rank of #40.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 84 |
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While both Vantage and MultiBank provide options to trade cryptocurrency derivatives, only MultiBank offers the ability to purchase actual delivered cryptocurrency, whereas Vantage does not.
Vantage and MultiBank differ in their deposit and withdrawal options, with Vantage supporting PayPal but not ACH or SEPA transfers, while MultiBank provides ACH and SEPA transfer support but not PayPal; both brokers offer Skrill, Visa/Mastercard, and bank wire options.
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 | Vantage | MultiBank | |
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| Trust Score | 90 | 84 | |
| Winner | check_circle | ||
| Review | Vantage Review | MultiBank Review |
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| Regulation | Vantage | MultiBank | |
|---|---|---|---|
| Trust Score | 90 | 84 | |
| Year Founded | 2009 | 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 | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | Vantage | 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) | Vantage | 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 | Vantage | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 1042 | |
| Forex Pairs (Total) | 61 | 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 | Vantage | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Vantage | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $50 | $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 | Vantage | 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) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Vantage | 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 | Vantage | 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 | Vantage | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | 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 | Vantage | 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 | Vantage Review | MultiBank Review |
| Overall | Vantage | MultiBank | |
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| Trust Score | 90 | 84 | |
| Winner | check_circle | ||
| Review | Vantage Review | MultiBank Review |
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