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 evaluating commissions and fees, Spreadex and MultiBank offer distinct advantages and limitations for traders. Spreadex provides competitive spreads, with an average of 0.81 pips for the EUR/USD currency pair in January 2024. Impressively, 60% of the time, the minimum spread was as low as 0.6 pips. Rated 4 out of 5 stars for commissions and fees by ForexBrokers.com, Spreadex is ranked 27th out of 62 brokers in this category.
MultiBank, on the other hand, offers three account types across its global entities, designed to cater to various levels of trading experience. Their Standard account is accessible with a $50 minimum deposit, although it comes with relatively higher spreads. More experienced traders might prefer the Pro account, which requires a $1,000 minimum deposit for reduced spreads. For the lowest available spreads, MultiBank's ECN account demands a $10,000 minimum deposit and imposes a small round-trip commission of $3 per trade. However, traders should be aware of MultiBank's inactivity fee of $60 if the account remains inactive for 90 days, which can impact overall expenses.
Both brokers are rated 4 out of 5 stars for their commissions and fees, though their rankings differ slightly. While Spreadex stands at 27th, MultiBank is ranked 38th among 62 brokers. Each broker offers different strengths in account options and spread costs, catering to traders with varying preferences and expertise.
| 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.
When comparing the online trading platforms and tools offered by Spreadex and MultiBank, both brokers provide free virtual demo accounts for simulated trading experiences. They have each developed their proprietary platforms and offer web-based trading options, allowing users to trade seamlessly through a browser. However, while MultiBank extends its offering to include a Windows-based desktop platform, Spreadex does not. Additionally, MultiBank stands out with support for popular platforms like MetaTrader 4 and MetaTrader 5, alongside copy trading opportunities, which are not available with Spreadex. Both brokers allow trading directly from stock charts, but MultiBank offers a wider selection of drawing tools for charting.
A closer look at the watchlist capabilities reveals that Spreadex provides eight fields for customization compared to MultiBank’s seven. In terms of performance, both brokers are rated four stars out of five for their trading platforms and tools. However, in the rankings by ForexBrokers.com, MultiBank holds the #39 spot among 62 brokers, while Spreadex is ranked slightly lower at #46. Each platform appeals to different trading preferences, with MultiBank catering to those who value comprehensive platform support and customization, while Spreadex may attract users seeking a straightforward, browser-only trading experience.
| Feature |
Spreadex
|
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) | 58 | 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 comprehensive mobile trading apps available on iPhone and Android devices, ensuring accessibility for traders on the go. These apps include essential features such as stock and forex price alerts, real-time watchlist capabilities, and the option to draw trendlines on charts. However, neither platform currently supports the syncing of watchlist symbols between their mobile and online accounts. In terms of charting, only MultiBank offers an impressive set of 30 technical studies for analysis, while Spreadex's offerings in this area are unspecified.
For those who value auto-saving their chart annotations, MultiBank's app provides this functionality, unlike Spreadex, where manual saving is required. Both platforms allow users to view multiple time frames for their trades. Despite these differences, both apps receive a strong user rating of 4 stars. MultiBank has a slightly higher ranking, positioned at #41 out of 62 brokers in the ForexBrokers.com category for mobile trading apps, compared to Spreadex's ranking at #46. This makes MultiBank a slightly more favored option, particularly for users seeking comprehensive charting tools.
| 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 two online brokers that offer various research tools for traders, but they differ in several key areas. Spreadex provides daily market commentary, which MultiBank does not, giving Spreadex users a consistent stream of insights. Both brokers offer forex news from top-tier sources like Bloomberg and Reuters, ensuring that traders have access to reliable information. While Spreadex utilizes Autochartist for technical analysis, MultiBank does not offer tools from this company. In terms of sentiment-based trading tools, Spreadex provides a feature to view long and short positions across currency pairs, an option not available with MultiBank. Both brokers, however, lack offerings from Trading Central, TipRanks, and Acuity Trading, and each features an economic calendar for global events.
In terms of ratings, Spreadex edges out MultiBank with a 4-star research rating compared to MultiBank's 3.5-stars. When ranked by ForexBrokers.com, Spreadex stands at #31 out of 62 brokers, while MultiBank is placed further down the list at #49. This suggests that while both platforms have valuable resources, Spreadex may offer more comprehensive options for market research, giving traders a slight edge in keeping abreast of market movements and analysis. Users seeking more extensive research capabilities might find Spreadex to be the more appealing option between the two.
| Feature |
Spreadex
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | 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.
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
|
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) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 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 | Yes | 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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