Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets 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.
BlackBull Markets and MultiBank are two online brokers established in 2014 and 2005, respectively, both operating without being publicly traded or functioning as banks. Both brokers aim to cater to traders' needs, but they differ significantly in terms of regulatory credentials and trust ratings. BlackBull Markets holds one Tier-1 license, indicating a high level of trust, but does not have any Tier-2 licenses, which are still considered trustworthy. This contributes to a ForexBrokers.com Trust Score of 78, placing BlackBull Markets in the average risk category.
On the other hand, MultiBank boasts three Tier-1 licenses alongside one Tier-2 license, commanding a higher ForexBrokers.com Trust Score of 84 and categorizing it in the trusted bracket. These differences in licensing and trust scores suggest that while both brokers are established players in the industry, MultiBank may offer an edge in perceived regulatory trust and security according to ForexBrokers.com ratings.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Year Founded | 2014 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing BlackBull Markets and MultiBank in terms of commissions and fees, BlackBull Markets offers trading costs that are about average for the industry, tailored to different trader preferences through its three account types. The Prime account at BlackBull Markets shines with an impressive spread of 0.16 on the EUR/USD pair and an all-in cost of 0.76 after adding a commission of $6 per 10,000 traded. For traders looking for commission-free options, the Standard account has no minimum deposit requirement but does come with higher spreads. For more advanced traders willing to deposit $20,000, the ECN Institutional account provides even lower commissions of $4 per round turn.
In contrast, MultiBank offers three main account types: Standard, Pro, and ECN, each with different deposit requirements and spreads. The Standard account requires a minimal $50 deposit, though it has relatively higher spreads—a choice perhaps better suited for beginners. Depositing $1,000 opens the Pro account, which features reduced spreads, while the ECN account, designed for serious traders with a $10,000 deposit, boasts the lowest spreads and a modest $3 round-trip commission. Users should note that MultiBank imposes a $60 monthly inactivity fee if the account is inactive for 90 days.
Evaluating their performance, BlackBull Markets receives a commendable 4.5-star rating for commissions and fees, ranking 19th out of 62 brokers by ForexBrokers.com. MultiBank holds a solid 4-star rating and is ranked 37th in the same category, marking both as competitive choices for traders, yet highlighting where each broker stands in terms of costs and pricing.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.76 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | Yes | 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.
BlackBull Markets and MultiBank both offer diverse investment options, including forex trading through CFDs or spot contracts. BlackBull Markets impressively features over 26,000 tradeable symbols, significantly more expansive than MultiBank's offering of 1,042. In terms of forex pairs, BlackBull Markets provides access to 72 options, nearly doubling the choices available at MultiBank which offers 40. Additionally, BlackBull Markets sets itself apart by allowing clients to directly purchase exchange-traded securities on both U.S. and international exchanges, such as shares of Apple and Vodafone, while MultiBank lacks this feature.
Both platforms enable copy trading, and while BlackBull Markets focuses on cryptocurrency derivatives, MultiBank allows for the purchase of actual cryptocurrencies. In terms of the overall range of investments, BlackBull Markets earns a perfect 5-star rating compared to MultiBank's 4 stars. This distinction is further reflected in their rankings by ForexBrokers.com, where BlackBull Markets holds the 6th position out of 62 brokers, whereas MultiBank ranks 37th. These factors together highlight BlackBull Markets as a more versatile choice for traders seeking a broader array of investment opportunities.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 1042 |
| Forex Pairs (Total) | 72 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
BlackBull Markets and MultiBank offer a range of trading platforms and tools that cater to both novice and experienced traders. Both brokers provide simulated trading with free virtual demo accounts, making it easy for traders to practice without financial risk. Unlike MultiBank, which has its own proprietary platform, BlackBull Markets relies on popular platforms like MetaTrader 4 and MetaTrader 5, both of which are available in desktop and web-based formats across the two brokers. Both brokers offer copy trading, but only BlackBull Markets incorporates ZuluTrade into its offerings. For charting, BlackBull Markets stands out with 60 drawing tools compared to MultiBank's 17, and both enable direct trading from stock charts.
When it comes to watchlists, MultiBank offers slightly more customization, providing seven fields compared to BlackBull's six. In terms of trading platforms and tools, both brokers share a four-star rating. However, BlackBull Markets is ranked higher by ForexBrokers.com, coming in at #28, while MultiBank is positioned at #39 out of 62 evaluated brokers. This suggests that while both offer solid trading solutions, BlackBull Markets might have a slight edge in terms of better integration of tools and features that traders are looking for. Whether a trader values a proprietary platform or robust third-party support, both brokers present competitive options suited for a broad range of trading strategies.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 38 |
| Charting - Drawing Tools (Total) | 60 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and MultiBank both offer reliable mobile trading apps available on iPhone and Android devices. Users can enjoy several features such as price alerts, watchlist creation with real-time quotes, and a wide array of technical studies—30 in total for both apps. Traders will appreciate the ability to view multiple time frames and easily draw and auto-save trendlines on stock or forex charts. BlackBull Markets distinguishes itself with the added convenience of watchlist symbol syncing, enabling seamless integration between the mobile app and online account.
In terms of ratings and rankings, both BlackBull Markets and MultiBank receive a solid four-star rating for their mobile trading apps. However, BlackBull Markets is ranked higher, coming in at #30 out of 62 brokers according to ForexBrokers.com, while MultiBank ranks at #41. This higher ranking and watchlist syncing feature give BlackBull Markets a slight edge in offering a more cohesive trading experience on the go.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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 market research capabilities, BlackBull Markets and MultiBank cater to traders with varying needs. BlackBull Markets excels in providing daily market commentary and access to technical analysis tools like Autochartist. They also offer a sentiment-based trading tool, which reveals the ratio of long or short positions across various currency pairs. Additionally, BlackBull Markets includes an economic calendar that tracks global news events, earning them a research rating of 4 stars and a ranking of 18th out of 62 brokers by ForexBrokers.com.
In contrast, MultiBank provides forex news from premier sources such as Bloomberg and Reuters, but lacks in areas like daily commentary and tools from Autochartist or sentiment-based instruments. They also include an economic calendar, keeping traders informed of significant global events. With these offerings, MultiBank scores a research rating of 3.5 stars and holds the 49th spot in the same ForexBrokers.com ranking. While both brokers offer valuable resources, BlackBull Markets seems to provide a more comprehensive suite for marketers seeking diverse analytical tools.
| Feature |
BlackBull Markets
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | 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.
BlackBull Markets and MultiBank both offer educational resources to help newcomers understand forex and CFDs trading. However, BlackBull Markets tends to provide a more comprehensive learning experience. Both brokers offer at least 10 educational pieces such as articles and videos that focus on forex and CFDs. Yet, BlackBull Markets distinguishes itself by offering monthly online educational webinars, which MultiBank does not provide. Additionally, BlackBull Markets features a searchable archive of past webinars, while MultiBank does not offer this convenience.
In terms of video content, both brokers offer beginner-level educational videos, but only BlackBull Markets provides a series of advanced videos tailored for more experienced traders. BlackBull Markets also extends its educational help by offering an investor dictionary with over 50 investing terms, a feature not available with MultiBank. Overall, BlackBull Markets is rated slightly higher for education, earning 4 stars compared to MultiBank's 3.5 stars. On a list of 62 brokers, BlackBull Markets ranks 29th in the Education category at ForexBrokers.com, whereas MultiBank ranks 50th, suggesting a notable difference in educational offerings.
| Feature |
BlackBull Markets
|
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 62 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than MultiBank. BlackBull Markets finished with an overall rank of #24, while MultiBank finished with an overall rank of #40.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 84 |
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BlackBull Markets and MultiBank both provide options for trading cryptocurrency derivatives, but unlike BlackBull Markets, MultiBank also offers the ability to purchase actual delivered cryptocurrency.
When comparing online brokers, BlackBull Markets lacks ACH and SEPA transfer options for account transactions, while MultiBank provides these features; both brokers support Skrill, Visa, Mastercard, and bank wire deposits and withdrawals, but neither offer PayPal.
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 | BlackBull Markets | MultiBank | |
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| Trust Score | 78 | 84 | |
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| Review | BlackBull Markets Review | MultiBank Review |
| Broker Screenshots | BlackBull Markets | MultiBank | |
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| Regulation | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Trust Score | 78 | 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 | 1 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | 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 | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 1042 | |
| Forex Pairs (Total) | 72 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.76 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | 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 | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 38 | |
| Charting - Drawing Tools (Total) | 60 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | 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 | 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 | BlackBull Markets | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | 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 | BlackBull Markets | 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 | BlackBull Markets Review | MultiBank Review |
| Overall | BlackBull Markets | MultiBank | |
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| Trust Score | 78 | 84 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | MultiBank Review |
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