Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex, founded in 1999, and MultiBank, established in 2005, are both private firms, meaning they are not listed on any stock exchange and neither function as banks. They offer online brokerage services but differ significantly in their regulatory standings. Spreadex holds one Tier-1 license, contributing to its Trust Score rating of 71 from ForexBrokers.com, which categorizes it as an average-risk broker. This indicates a moderate level of trustworthiness, according to ForexBrokers.com's scale.
In comparison, MultiBank holds three Tier-1 licenses and one Tier-2 license, resulting in a higher Trust Score rating of 84. This places it within the 'trusted' category, according to ForexBrokers.com, demonstrating a stronger regulatory framework. Both brokers are securely established firms, but MultiBank's regulatory range suggests it carries a greater assurance of trust for clients seeking online investment services.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 3 |
When considering online brokers for your trading activities, it's important to evaluate the commissions and fees associated with each. Spreadex offers an attractive average spread of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips achieved 60% of the time in January 2024. This consistency has earned Spreadex a commendable 4-star rating for commissions and fees, ranking it at #30 out of 62 brokers according to ForexBrokers.com.
MultiBank provides several account options with varying costs: the Standard, Pro, and ECN accounts. The Standard account, which has a low minimum deposit of $50, comes with higher spreads; it may not be suitable for experienced traders. The Pro account, requiring a $1,000 deposit, offers lower spreads. For those seeking the most competitive spreads, the ECN account delivers, though it necessitates a $10,000 deposit and incurs a modest $3 commission per trade. However, be cautious of MultiBank's $60 monthly inactivity fee for accounts that remain dormant for 90 days.
Despite these differences, MultiBank also garners a 4-star rating for its commissions and fees but ranks slightly lower at #37 among the 62 brokers evaluated by ForexBrokers.com. Both brokers present distinct advantages depending on your trading preferences and account budget, making it crucial to weigh these options carefully in terms of fees and deposit requirements.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 it comes to the range of investments, both Spreadex and MultiBank offer forex trading through CFDs or spot contracts. However, Spreadex stands out with a much larger selection of tradeable symbols, offering 10,000 compared to MultiBank’s 1,042. For currency enthusiasts, Spreadex also provides access to 52 forex pairs, slightly ahead of MultiBank, which offers 40. Notably, neither platform provides the option to invest directly in exchange-traded securities on U.S. or international exchanges, like shares of Apple or Vodafone.
A key difference is Spreadex’s focus on providing traditional trading options without copy trading capabilities, unlike MultiBank, which offers copy trading to mimic the trades of successful investors. In terms of cryptocurrency, both platforms offer derivatives, but only MultiBank allows buying actual cryptocurrencies. This broad range of options has led to Spreadex being rated 5 stars for its range of investments, ranking 13th among 62 brokers by ForexBrokers.com, while MultiBank holds a 4-star rating and ranks 37th.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1042 |
| Forex Pairs (Total) | 52 | 40 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
Both Spreadex and MultiBank offer their own proprietary trading platforms, showcasing a commitment to tailored customer experiences. While Spreadex users can utilize a web-based platform for seamless browser access, MultiBank extends its offerings with a Windows-based desktop download, catering to different trading preferences. However, when it comes to practicing trades without financial risk, MultiBank stands out by providing a free virtual demo account—a feature not available with Spreadex. Both brokers facilitate trading directly from stock charts, adding convenience for their users.
For traders interested in copy trading, MultiBank emerges as the preferred choice, as Spreadex does not offer this functionality. While Spreadex and MultiBank do not support DupliTrade or ZuluTrade, MultiBank's comprehensive tool suite includes MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are absent from Spreadex's lineup. Charting enthusiasts will appreciate MultiBank's 17 drawing tools compared to Spreadex's 11. Despite these differences, both brokers receive a solid four-star rating for their Trading Platforms and Tools, although MultiBank holds a slightly higher rank than Spreadex according to ForexBrokers.com.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | No | 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) | 55 | 38 |
| Charting - Drawing Tools (Total) | 11 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and MultiBank offer dedicated mobile trading apps for iPhone and Android, making trading on-the-go a breeze. Both brokers provide users with handy features like stock and forex price alerts, the ability to draw trendlines on charts, and options to view charts in different time frames. However, in terms of watchlist symbol syncing, neither broker's app syncs watchlists between the mobile app and the online account. This could be a consideration for traders who need seamless integration across devices. Notably, MultiBank offers 30 technical studies for charting in its mobile app, whereas Spreadex does not specify its offerings in this area.
When it comes to additional functionalities, MultiBank has an edge by auto-saving chart drawings, which Spreadex does not. Despite these differences, both platforms facilitate the creation of watchlists with real-time quotes and have received a similar rating of 4 stars for their mobile trading apps. According to ForexBrokers.com, out of 62 brokers, Spreadex ranks at #49, while MultiBank stands slightly ahead at #41 in the Mobile Trading Apps category. This ranking suggests that while both apps are competent, MultiBank may offer slight additional advantages for users seeking a more enriched charting experience.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex and MultiBank are both notable online brokers offering a variety of market research tools, but they differ significantly in specific areas. Spreadex excels with its daily market commentary and a sentiment-based trading tool, providing insights into the ratio of long or short positions across different instruments. It also offers forex news from top-tier sources such as Bloomberg and Reuters, alongside an economic calendar to keep traders informed about global events. Meanwhile, MultiBank matches Spreadex in providing forex news from leading sources and an economic calendar but lacks the daily market commentary and sentiment analysis features found with Spreadex.
When assessed by ForexBrokers.com, Spreadex earns a higher research rating with 4 out of 5 stars, ranking 31st among 62 brokers, thanks in part to its comprehensive offering of market insights. MultiBank, while still a robust choice, receives a slightly lower rating at 3.5 stars and a ranking of 49 out of 62 brokers. Both brokers do not provide research tools from firms like Autochartist, Trading Central, or Acuity Trading, nor do they utilize TipRanks for additional market analysis.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | 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 the educational resources for beginners between Spreadex and MultiBank, both online brokers provide a substantial collection of at least 10 educational materials focusing on forex and CFDs. This includes articles, videos, and other resources tailored to newcomers in trading. However, neither Spreadex nor MultiBank offers monthly live client webinars or archives of past webinars, which may limit learners seeking interactive or in-time educational experiences.
For those just starting in trading, both brokers offer at least 10 beginner-friendly educational videos to help grasp the basics. On the downside, neither provides advanced video tutorials for seasoned traders. Unique to Spreadex is an investor dictionary containing over 50 investing terms, potentially aiding those who value clear definitions. Spreadex is rated slightly higher for its educational offering with 4 stars compared to MultiBank's 3.5 stars. According to ForexBrokers.com, Spreadex ranks #45 out of 62 brokers for education, ahead of MultiBank, which is positioned at #50.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 Spreadex is better than MultiBank. Spreadex finished with an overall rank of #39, while MultiBank finished with an overall rank of #40.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 84 |
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While both Spreadex and MultiBank provide options for trading cryptocurrency derivatives, only MultiBank offers the ability to purchase actual delivered cryptocurrency, a feature not available with Spreadex.
Comparing online brokers Spreadex and MultiBank, MultiBank offers a wider variety of deposit and withdrawal options including ACH/SEPA transfers and Skrill, while both platforms support Visa, Mastercard, and bank wire transactions, with neither offering 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 | Spreadex | MultiBank | |
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| Trust Score | 71 | 84 | |
| Winner | check_circle | ||
| Review | Spreadex Review | MultiBank Review |
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| Regulation | Spreadex | MultiBank | |
|---|---|---|---|
| Trust Score | 71 | 84 | |
| Year Founded | 1999 | 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 | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1042 | |
| Forex Pairs (Total) | 52 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Spreadex | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Spreadex | 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 | Spreadex | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 55 | 38 | |
| Charting - Drawing Tools (Total) | 11 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | Spreadex | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review | MultiBank Review |
| Overall | Spreadex | MultiBank | |
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| Trust Score | 71 | 84 | |
| Winner | check_circle | ||
| Review | Spreadex Review | MultiBank Review |
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