Written by ForexBrokers.com
In this head to head comparison of Eightcap 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.
When comparing the online brokers Eightcap and MultiBank, there's a lot to consider regarding their trustworthiness and regulatory oversight. Eightcap, founded in 2009, and MultiBank, established in 2005, are both privately held companies that are not publicly traded and do not operate as banks. In terms of regulatory credentials, both brokers hold three Tier-1 licenses, which indicates a high level of trust in the industry according to ForexBrokers.com. However, while Eightcap does not have any Tier-2 licenses, MultiBank holds one, reflecting a slightly broader regulatory base.
The Trust Score ratings on ForexBrokers.com give Eightcap a score of 85 and MultiBank a score of 84, placing both brokers in the "trusted" category. This suggests that they are quite similar in terms of their perceived safety, although Eightcap edges ahead slightly. These scores indicate that traders can have a moderate level of confidence in both platforms, thanks to their regulatory standings and overall trust assessments.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Year Founded | 2009 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing Eightcap and MultiBank for commissions and fees, both brokers present varied offerings that cater to different trading preferences. Eightcap provides two account types: the commission-based Raw account and the spread-only Standard account. The Raw account features an average spread of 0.06 pips, but including a commission of $3.50 per-side results in an all-in cost of approximately 0.76 pips — slightly below the industry average of 0.8 pips. Despite this, Eightcap remains a bit more costly compared to the most affordable forex brokers. Rated 4 stars, Eightcap holds the #26 spot among 62 brokers in this category according to ForexBrokers.com.
MultiBank offers three account types — Standard, Pro, and ECN — each designed to accommodate different levels of traders. The Standard account, with a $50 minimum deposit, has relatively higher spreads and might suit complete novices. The Pro account, necessitating a $1,000 deposit, boasts lower spreads, while the ECN account offers the narrowest spreads with a small round-trip commission of $3 per trade, but requires a substantial $10,000 minimum deposit. It's crucial to note the additional $60 inactivity fee per month if an account remains dormant for 90 days. Like Eightcap, MultiBank also earns a 4-star rating and is ranked #37 among 62 brokers in the same category by ForexBrokers.com.
In summary, while both brokers provide high-quality services suitable for different trader needs, Eightcap and MultiBank differ primarily in their cost structures and rankings. Eightcap tends to have slightly lower overall costs for active traders with the Raw account, whereas MultiBank caters to various trading experiences with its tiered account options, alongside its non-trading fees. The choice between the two will largely depend on the trader's budget and style.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | 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.
When assessing the range of investments offered by Eightcap and MultiBank, both brokers provide clients with access to forex trading through CFDs or spot contracts. Eightcap offers a total of 736 tradeable symbols, including 56 forex pairs, while MultiBank impressively lists 1042 tradeable symbols with 40 forex pairs. Neither broker provides direct access to U.S. or international exchange-traded securities, which means clients cannot buy stocks like Apple or Vodafone directly through these platforms. Both brokers support copy trading, adding flexibility for users seeking automated investment strategies.
A key difference between the two lies in their cryptocurrency offerings. MultiBank allows clients to buy actual cryptocurrencies, while Eightcap does not; however, both brokers offer cryptocurrency derivatives. In terms of overall investment range quality, Eightcap is rated 3.5 stars and ranks 40th, whereas MultiBank receives a slightly higher rating of 4 stars and ranks 37th among 62 brokers on ForexBrokers.com. These ratings reflect the breadth of investment options available, with MultiBank leading slightly thanks to its broader array of symbols and cryptocurrency accessibility.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 1042 |
| Forex Pairs (Total) | 56 | 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.
Eightcap and MultiBank both offer traders a range of features across their trading platforms and tools, providing essential options for both new and experienced traders. Both brokers enable simulated trading through free virtual demo accounts, which is crucial for those starting their trading journey or looking to test strategies without financial risk. Additionally, they both support trading on widely popular platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available as Windows-based desktop downloads and web-based platforms, giving users flexibility to trade from different devices. Both brokers also facilitate copy trading, allowing traders to follow and replicate the trades of successful investors.
When it comes to more advanced features, MultiBank offers a proprietary trading platform developed in-house, whereas Eightcap relies on established third-party platforms. Chart enthusiasts would appreciate the number of drawing tools available, with MultiBank offering 17 compared to Eightcap's 15. Both brokers offer the capability to trade directly from stock charts and have seven columns for watch list data, ensuring traders can monitor markets effectively. Both platforms have received a four-star rating for their trading platforms and tools, with Eightcap rated slightly higher in the ForexBrokers.com rankings at 38th out of 62 brokers compared to MultiBank's 39th position.
| Feature |
Eightcap
|
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 | 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.
Eightcap and MultiBank both provide mobile trading apps for iPhone and Android, ensuring accessibility across devices. Both platforms feature stock and forex price alerts, and they allow users to draw trendlines, view multiple time frames, and create watchlists with real-time quotes. Technical analysis enthusiasts will appreciate that both apps include 30 technical studies for in-depth charting, and automatically save drawings for ease of use. However, Eightcap stands out from MultiBank by offering seamless watchlist symbol syncing between its mobile app and a client’s online account, a feature not available with MultiBank.
In terms of app quality ratings, both Eightcap and MultiBank earn a solid four out of five stars. But, Eightcap ranks slightly higher, coming in at 38th place compared to MultiBank’s 41st in the Mobile Trading Apps category by ForexBrokers.com. This suggests that while both apps provide similar functionalities and overall user satisfaction, Eightcap subtly edges ahead due to its additional watchlist syncing capability, which could make a difference for traders who value consistency and streamlined access across platforms.
| Feature |
Eightcap
|
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 Eightcap and MultiBank for market research, there are several differences and similarities worth noting. Eightcap stands out by providing daily market commentary and a sentiment-based trading tool, offering insights into trading positions across various currency pairs. However, it does not supply news from top-tier sources like Bloomberg or Reuters, nor does it have tools from companies like Autochartist or Trading Central. Despite this, Eightcap does provide an economic calendar to keep traders informed about important global news events. In terms of ratings, both Eightcap and MultiBank received 3.5 stars for research; however, Eightcap is ranked higher at #39 compared to MultiBank's #49 out of 62 brokers according to ForexBrokers.com.
On the other hand, MultiBank offers forex news from top-tier sources, which can be invaluable for traders looking for the latest updates from reputable outlets. Unlike Eightcap, MultiBank does not provide daily market commentary or a sentiment-based trading tool. Both platforms lack research tools from Autochartist, Trading Central, or Acuity Trading. Similar to Eightcap, MultiBank includes an economic calendar to help traders track upcoming global news events. Overall, while both brokers are evenly rated for research, each brings unique features that cater to different trader needs.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | 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 it comes to educational resources for beginners, both Eightcap and MultiBank provide a solid foundation with a collection of more than 10 articles, videos, and archived webinars focused on forex and CFDs. While neither broker hosts regular live educational webinars, Eightcap distinguishes itself by offering a searchable archive of previously recorded sessions, giving beginners more flexibility to learn at their own pace. Both brokers provide a number of beginner educational videos, but Eightcap adds further value with a comprehensive investor dictionary featuring over 50 investing terms, an offering that MultiBank does not provide.
Despite their equal educational ratings of 3.5 stars, ForexBrokers.com ranks Eightcap higher at #40 compared to MultiBank's #50 out of 62 brokers, potentially due to Eightcap's superior resources like their extensive dictionary and archived webinars. However, neither broker offers a significant amount of advanced educational videos, which may be a consideration for those looking to progress beyond the beginner level. Overall, Eightcap seems to offer slightly more in terms of resource accessibility and simplicity for those new to trading.
| Feature |
Eightcap
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Eightcap is better than MultiBank. Eightcap finished with an overall rank of #38, while MultiBank finished with an overall rank of #40.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.
| Feature |
Eightcap
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MultiBank
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|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 84 |
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When comparing Eightcap and MultiBank, it's notable that Eightcap does not offer the capability to purchase actual (delivered) cryptocurrency while MultiBank does, although both brokers provide options for trading cryptocurrency derivatives.
When comparing online brokers Eightcap and MultiBank, Eightcap supports PayPal, Skrill, Visa/Mastercard, and bank wires but lacks ACH or SEPA transfers, while MultiBank offers ACH and SEPA transfers, supports Skrill, Visa/Mastercard, and bank wires, but does not provide PayPal as a transaction option.
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 | Eightcap | MultiBank | |
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| Trust Score | 85 | 84 | |
| Winner | check_circle | ||
| Review | Eightcap Review | MultiBank Review |
| Broker Screenshots | Eightcap | MultiBank | |
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| Regulation | Eightcap | MultiBank | |
|---|---|---|---|
| Trust Score | 85 | 84 | |
| Year Founded | 2009 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Eightcap | 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 | Eightcap | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 1042 | |
| Forex Pairs (Total) | 56 | 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 | Eightcap | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Eightcap | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | 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 | Eightcap | 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 | Eightcap | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | 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 | Eightcap Review | MultiBank Review |
| Overall | Eightcap | MultiBank | |
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| Trust Score | 85 | 84 | |
| Winner | check_circle | ||
| Review | Eightcap Review | MultiBank Review |
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