Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
ThinkMarkets and MultiBank, established in 2010 and 2005 respectively, are prominent online brokers in the financial trading industry. Neither of these brokers is publicly traded or operates as a bank. ThinkMarkets leads with a higher trust score of 92, qualifying it as highly trusted according to ForexBrokers.com. In comparison, MultiBank holds a trust score of 84, indicating a trusted status. The regulatory strength of these brokers varies, with ThinkMarkets possessing five Tier-1 licenses and two Tier-2 licenses, enhancing its appeal to cautious investors. MultiBank, on the other hand, holds three Tier-1 licenses and one Tier-2 license, underscoring its commitment to maintaining regulatory compliance.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Year Founded | 2010 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
When comparing ThinkMarkets and MultiBank in terms of commissions and fees, both brokers hold a four-star rating out of five for this category, showcasing their competitive pricing structures. However, ThinkMarkets has been ranked 48th out of 62 brokers, suggesting there might be room for improvement or specific areas where it does not cater to every trader's needs. Unfortunately, specific details about average spreads for ThinkMarkets are not available, leaving traders without key insights into the precise costs associated with trading through this platform.
On the other hand, MultiBank offers a more segmented approach with three distinctive account types: Standard, Pro, and ECN, each catering to different trading levels and financial commitments. The Standard account has a low minimum deposit of $50 but comes with higher spreads, primarily appealing to novice traders. For those seeking more competitive pricing, the Pro account offers lower spreads and requires a $1,000 deposit. The ECN account, ideal for high-precision trading with the lowest spreads, necessitates a $10,000 deposit and charges a small commission of $3 per trade. MultiBank is ranked 37th out of 62, positioning it as a more favorable option, particularly for those willing to meet the higher deposit requirements of the Pro and ECN accounts.
Both brokers require consideration of non-trading fees, where MultiBank imposes a notable $60 monthly inactivity fee if no trades occur over a 90-day period. This fee contrasts with ThinkMarkets' structure, where specific details of such fees are not highlighted, potentially offering a more cost-effective solution for long-term traders who might face periods of inactivity.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | 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.
In comparing ThinkMarkets and MultiBank, both brokers provide forex trading as CFDs or spot contracts, offering significant investment opportunities in this area. ThinkMarkets outshines MultiBank with a total of 4,000 tradeable symbols compared to MultiBank's 1,042. Furthermore, ThinkMarkets offers 46 tradeable forex pairs, while MultiBank provides 40. A key distinction is that ThinkMarkets permits investment in exchange-traded securities on international exchanges, whereas MultiBank does not. Both platforms, however, lack direct investment in U.S. exchange-traded securities.
ThinkMarkets and MultiBank both support copy trading and the ability to trade cryptocurrency derivatives. Yet, MultiBank goes a step further by allowing clients to buy actual cryptocurrencies, which is not an option with ThinkMarkets. When it comes to a range of investments, ThinkMarkets is rated at 4.5 stars and ranked 21st out of 62 brokers by ForexBrokers.com, whereas MultiBank holds a 4-star rating and ranks 37th. These distinctions highlight ThinkMarkets as a slightly more versatile option for investors seeking a wider range of trading opportunities.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 1042 |
| Forex Pairs (Total) | 46 | 40 |
| U.S. Stock Trading (Non CFD) | No | 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.
ThinkMarkets and MultiBank both cater to traders through comprehensive platforms loaded with features designed for a seamless trading experience. Both brokers provide free demo accounts, allowing users to get familiar with the platforms before committing real funds. Additionally, they offer proprietary platforms, which means customers have access to unique features tailored by each broker. Desktop traders will appreciate that both brokers also offer Windows-based platforms, and for those who prefer flexibility, web-based options are available as well. Whether you're into automated strategies or community-driven insights, both companies support copy trading. Traditionalists can also utilize MetaTrader 4 and MetaTrader 5 at both brokers, giving them an industry-standard experience.
However, some distinctions arise in the detailed aspects of their offerings. ThinkMarkets provides 15 drawing tools for charting activities, closely matching MultiBank's 17, but ThinkMarkets stands out with the ability to watch a more extensive list of columns—offering 15 compared to MultiBank's 7. Direct trading from stock charts is supported by both, enhancing quick decision-making capabilities. When it comes to expert opinions, both platforms earn a 4-star rating for their trading tools, although ThinkMarkets is ranked slightly higher on ForexBrokers.com, sitting at 27th compared to MultiBank's 39th, out of 62 brokers reviewed. Each platform has strengths to suit different trading styles, making them strong contenders in the trading platform niche.
| Feature |
ThinkMarkets
|
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 | 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 | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both ThinkMarkets and MultiBank offer robust support for iPhone and Android devices. Traders can get real-time price alerts and access the ability to draw trendlines on charts, which save automatically, providing a seamless trading experience. Both platforms allow users to view charts in multiple time frames like daily, weekly, or intraday. However, where ThinkMarkets significantly stands out is in the number of technical studies available for charting within its app, offering 94 options compared to MultiBank's 30. This extensive range can provide more in-depth market analysis for traders who lean heavily on technical indicators.
A notable downside for both platforms is the absence of watchlist symbol syncing, meaning changes made on the mobile app do not update automatically to the user's online account. Despite this, both apps are highly rated in user satisfaction, each earning a four-star rating. Nonetheless, ThinkMarkets seems to have an edge, being ranked 20th out of 62 brokers according to ForexBrokers.com, whereas MultiBank comes in at 41st place. Both allow the creation of watchlists with real-time quotes, appealing to active traders who need on-the-go market updates.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 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 ThinkMarkets and MultiBank regarding market research tools for online trading, ThinkMarkets provides daily market commentary, giving traders regular insights that MultiBank lacks. Both brokers offer forex news from major sources like Bloomberg and Reuters, ensuring that traders have access to high-quality news updates. However, neither ThinkMarkets nor MultiBank include technical analysis tools from companies like Autochartist or Trading Central. This might be limiting for traders looking for specific charting signals or in-depth technical analysis from these providers. ThinkMarkets additionally enhances its offering with a sentiment-based trading tool and research tools from Acuity Trading, offering more diverse insights. MultiBank does not provide these features.
Additionally, both brokers provide an economic calendar to keep traders informed about upcoming global events. Despite these offerings, ThinkMarkets and MultiBank receive the same research rating of 3.5 out of 5 stars, both ranking near the bottom among 62 brokers reviewed by ForexBrokers.com, with MultiBank slightly edging out ThinkMarkets by one rank for research tools. This suggests that while both brokers have some valuable features, they may lag behind industry leaders in research capabilities.
| Feature |
ThinkMarkets
|
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) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When exploring educational resources available for novice traders, ThinkMarkets and MultiBank both offer a variety of options to support individuals in learning forex and CFDs. ThinkMarkets provides a rich variety of more than 10 educational pieces, complemented by online webinars hosted each month. These webinars are also archived for easy access. The broker features comprehensive beginner-focused educational videos and an investor dictionary with over 50 key investing terms, ensuring a broad foundation for new traders.
Similarly, MultiBank also provides a solid selection of at least 10 educational materials dedicated to forex and CFDs. However, it does not host monthly webinars or maintain a searchable archive. While it does offer beginner educational videos, MultiBank lacks advanced trading videos and an investor dictionary. Despite these differences, both ThinkMarkets and MultiBank receive a rating of 3.5 stars for education and are similarly ranked by ForexBrokers.com, with MultiBank slightly ahead at #50 compared to ThinkMarkets at #52 out of 62 brokers.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than MultiBank. ThinkMarkets finished with an overall rank of #27, while MultiBank finished with an overall rank of #40.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 84 |
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When comparing ThinkMarkets and MultiBank, ThinkMarkets allows trading in cryptocurrency derivatives but not actual cryptocurrencies, whereas MultiBank offers both cryptocurrency derivatives and the ability to buy actual, delivered cryptocurrencies.
In comparing online brokers, ThinkMarkets and MultiBank both provide options to deposit or withdraw funds via Skrill, Visa, Mastercard, and bank wires, but only MultiBank offers ACH or SEPA transfers, with neither supporting PayPal transactions.
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 | ThinkMarkets | MultiBank | |
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| Trust Score | 92 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | ThinkMarkets | MultiBank | |
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| Regulation | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Trust Score | 92 | 84 | |
| Year Founded | 2010 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 1042 | |
| Forex Pairs (Total) | 46 | 40 | |
| U.S. Stock Trading (Non CFD) | No | 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 | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $50 | $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 | ThinkMarkets | 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 | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 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 | ThinkMarkets | 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 | 94 | 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 | ThinkMarkets | 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 | ThinkMarkets | 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 | ThinkMarkets | 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 | MultiBank Review |
| Overall | ThinkMarkets | MultiBank | |
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| Trust Score | 92 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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