Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill, founded in 2014, is an online broker that is not publicly traded and not a bank. It holds 2 Tier-1 licenses, which establishes it as highly trusted according to ForexBrokers.com, and also possesses 2 Tier-2 licenses. With a Trust Score of 86 out of 99, Tickmill is categorized as a trusted broker, providing customers with a sense of security and credibility in their online trading endeavors.
MultiBank, established in 2005, shares the same status of being neither publicly traded nor a bank. This broker stands out with 3 Tier-1 licenses, showing a commitment to high standards of trust, alongside 1 Tier-2 license. Earning a Trust Score of 84 out of 99 on ForexBrokers.com, MultiBank is also deemed a trusted broker. Both Tickmill and MultiBank offer solid safety ratings, supported by their regulatory licenses, making them appealing choices for online traders.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Year Founded | 2014 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing the commissions and fees of online brokers Tickmill and MultiBank, both platforms offer different advantages depending on the trader's needs. Tickmill provides two main account types: Classic and Raw. The Classic account is commission-free but has higher spreads averaging 1.76 pips as of August 2023. In contrast, the Raw account, despite a recent increase in per-side commissions to $3, remains a top choice for active traders due to its competitive average spread of 0.11 pips for EUR/USD, and an all-in cost of approximately 0.71 pips when factoring in commissions. Tickmill ranks impressively at #4 out of 62 brokers by ForexBrokers.com and holds a 5-star rating for its overall cost-effectiveness, thanks to low barriers to entry and strong general trading conditions.
MultiBank also offers diverse account choices, with its Standard, Pro, and ECN accounts catering to different types of traders. The Standard account, though accessible with a $50 minimum deposit, comes with relatively high spreads and is generally suitable for less experienced users. More seasoned traders might prefer the Pro account with a $1,000 minimum deposit and lower spreads, while the ECN account offers the lowest spreads at MultiBank alongside a $3 round-trip commission, albeit it requires a $10,000 minimum deposit. MultiBank's commission and fee structure earns it a 4-star rating and a #37 ranking among 62 brokers, reflecting its mid-range cost-efficiency with some drawbacks, such as a $60 monthly inactivity fee for dormant accounts over 90 days.
In summary, Tickmill stands out for competitive all-in trading costs despite recent commission hikes, making it a strong candidate for active traders seeking low trading costs. On the other hand, MultiBank may appeal to traders who prioritize variety in account features and have the capital to access its ECN account for lower spreads, while also considering the potential impact of inactivity fees.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | 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.
Tickmill and MultiBank both offer forex trading through CFDs or spot contracts, allowing investors to participate in the forex market efficiently. However, when it comes to the number of tradeable symbols, MultiBank provides a broader selection with 1,042 options compared to Tickmill's 725. Tickmill stands out with its 63 tradeable forex pairs, surpassing MultiBank's offering of 40 pairs. Neither broker permits trading of exchange-traded securities on U.S. or international exchanges, meaning investors cannot purchase shares like Apple or Vodafone directly through them. Both platforms offer copy trading, enabling users to replicate the trades of successful investors, adding a dynamic aspect to their trading experiences.
While Tickmill allows trading of cryptocurrency derivatives, it does not support the buying of actual cryptocurrencies, unlike MultiBank, which provides this option. Overall, for the range of investments category, MultiBank edges out Tickmill with a rating of 4 stars compared to Tickmill's 3.5 stars. On ForexBrokers.com rankings, MultiBank is positioned slightly better at #37, while Tickmill holds the #42 spot out of 62 brokers. This suggests that MultiBank might be a more suitable choice for investors seeking a wider array of investment options within the broader market, including actual cryptocurrencies.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 1042 |
| Forex Pairs (Total) | 63 | 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.
Tickmill and MultiBank both offer excellent trading experiences for users across various platforms. For those interested in practicing before trading real money, both brokers provide a free virtual demo account. Tickmill relies on third-party platforms like MetaTrader 4 and MetaTrader 5, while MultiBank presents an edge with its in-house proprietary platform alongside MT4 and MT5. Traders using Windows will find suitable desktop applications offered by both brokers and can also trade comfortably via web-based platforms. Moreover, copy trading is readily accessible with either broker, allowing users to mirror successful trading strategies.
In terms of charting tools, MultiBank slightly surpasses Tickmill with 17 drawing tools compared to Tickmill’s 15, though both allow trading directly from stock charts. Each broker offers 7 fields for customizing watch lists, providing traders ample information at a glance. While neither broker supports DupliTrade or ZuluTrade, both have earned a solid 4-star rating for their trading platforms and tools. Tickmill ranks 32nd out of 62 brokers on ForexBrokers.com in this category, ahead of MultiBank, which takes the 39th spot. This rating indicates both brokers maintain a competitive standard, appealing to a variety of trading preferences and needs.
| Feature |
Tickmill
|
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.
When comparing the mobile trading apps of Tickmill and MultiBank, both brokers provide apps that are compatible with iPhone and Android devices. Each app offers essential features like stock or forex price alerts and the ability to draw trendlines on charts. While both apps support multiple time frames for chart analysis and offer a selection of 30 technical studies, they do not synchronize watchlist symbols between the mobile app and the client's online account. Despite this, creating a watchlist with real-time quotes is supported in both apps.
Rated four out of five stars for their mobile trading apps, Tickmill and MultiBank stand out with similar functionalities, providing tools that cater to effective on-the-go trading. However, in a ranking by ForexBrokers.com, Tickmill holds a higher position at #31 compared to MultiBank's #41 among 62 brokers evaluated. This slight edge may influence traders looking for a more favorably ranked mobile trading option.
| Feature |
Tickmill
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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 Tickmill and MultiBank for market research, Tickmill stands out with its daily market commentary and comprehensive forex news sourced from top-tier providers like Bloomberg and Reuters. In contrast, while MultiBank also delivers quality forex news from reputable sources, it does not provide daily market commentary. Both brokers lack technical analysis or fundamental research tools from Autochartist and Trading Central. However, Tickmill offers a sentiment-based trading tool that showcases the long or short position ratios across currency pairs, which MultiBank does not have. Additionally, Tickmill provides one or more research tools from Acuity Trading, such as Signal Centre, giving it an advantage over MultiBank in this aspect.
Furthermore, both brokers feature economic calendars displaying global news essentials. In terms of research ratings, Tickmill scores higher with four stars and holds the 21st rank among 62 brokers according to ForexBrokers.com. MultiBank, on the other hand, receives a rating of 3.5 stars and ranks 49th. This comparative analysis highlights Tickmill as the more favorable choice for traders seeking comprehensive market insights and tools.
| Feature |
Tickmill
|
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.
For beginner traders seeking comprehensive education, both Tickmill and MultiBank provide valuable resources, but there are distinct differences in their offerings. Tickmill shines with a wide array of educational materials, including over ten pieces such as articles and videos focusing on forex and CFDs. They go the extra mile by hosting at least one online educational webinar per month and providing a searchable archive of past webinars. Tickmill also caters to different skill levels with beginner and advanced educational videos, presenting over ten in each category. Additionally, they offer an investor dictionary with definitions of over 50 investing terms, enhancing the learning experience for novices. With a 4-star rating in education and a #15 rank among 62 brokers by ForexBrokers.com, Tickmill sets a high standard for newcomer education.
MultiBank, while also offering more than ten educational pieces focused on forex and CFDs, does not match Tickmill in terms of variety and depth. While their library includes beginner educational videos, they fall short in providing advanced videos for more seasoned traders. Unlike Tickmill, MultiBank does not offer monthly webinars or a searchable archive of past webinars, which may limit continuous learning opportunities for their clients. Additionally, they lack an investor dictionary to aid beginners with trading terminology. With a 3.5-star rating in education and a #50 rank among 62 brokers by ForexBrokers.com, MultiBank offers a solid foundation but might not be as encompassing as Tickmill for beginners seeking thorough educational resources.
| Feature |
Tickmill
|
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 Tickmill is better than MultiBank. Tickmill finished with an overall rank of #22, while MultiBank finished with an overall rank of #40.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 84 |
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When comparing online brokers Tickmill and MultiBank in the realm of cryptocurrency trading, it's notable that while both platforms offer the ability to buy cryptocurrency derivatives, only MultiBank provides the capability to purchase actual, delivered cryptocurrency.
Tickmill and MultiBank provide various options for depositing and withdrawing funds; Tickmill supports PayPal, Skrill, Visa/Mastercard, and bank wires but lacks ACH or SEPA transfers, while MultiBank does not offer PayPal but facilitates transactions through ACH or SEPA, Skrill, Visa/Mastercard, and bank wires.
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 | Tickmill | MultiBank | |
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| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | Tickmill Review | MultiBank Review |
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| Regulation | Tickmill | MultiBank | |
|---|---|---|---|
| Trust Score | 86 | 84 | |
| Year Founded | 2014 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | 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 | Tickmill | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 1042 | |
| Forex Pairs (Total) | 63 | 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 | Tickmill | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill Review | MultiBank Review |
| Overall | Tickmill | MultiBank | |
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| Trust Score | 86 | 84 | |
| Winner | check_circle | ||
| Review | Tickmill Review | MultiBank Review |
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