Written by ForexBrokers.com
In this head to head comparison of Trade Nation 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.
Trade Nation, founded in 2014, and MultiBank, established in 2005, are both well-regarded online brokers that prioritize safety and regulatory compliance. Neither company is publicly traded or operates as a bank. In terms of regulatory licenses, Trade Nation holds two Tier-1 licenses and one Tier-2 license, indicating a high level of trustworthiness. Meanwhile, MultiBank boasts three Tier-1 licenses and one Tier-2 license, showcasing its strong regulatory standing.
When it comes to trust scores, Trade Nation receives an 85 out of 99 from ForexBrokers.com, placing it in the "trusted" category. MultiBank is not far behind with a trust score of 84, also considered "trusted" according to ForexBrokers.com’s rating system. Both brokers are reliable options, though Trade Nation edges slightly ahead in the trust score comparison.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Year Founded | 2014 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
Trade Nation offers a competitive approach to trading commissions and fees, featuring both fixed and variable spread pricing options. On its proprietary TN Trader platform, the company provides fixed spreads, ensuring a more predictable cost structure. For instance, the EUR/USD pair has a fixed spread of 0.6 pips, which can briefly widen during rollover periods. Trade Nation also offers three main account types, including a MetaTrader-based commission-free account, a commission-based Raw Spread account with a $7 round-trip commission per standard lot, and its proprietary TN Trader account. With fixed spreads factored in, Trade Nation ranks impressively, boasting a 5-star rating and securing the #7 spot out of 62 brokers for commissions and fees by ForexBrokers.com.
In contrast, MultiBank provides three account types: Standard, Pro, and ECN, each offering distinct cost structures. The Standard account, with a low $50 minimum deposit, has relatively higher spreads. The Pro account requires a $1,000 minimum deposit and offers moderately lower spreads. For traders seeking the most competitive rates, the ECN account provides the lowest spreads alongside a $10,000 minimum deposit and a $3 round-trip commission per trade. However, MultiBank applies a $60 monthly inactivity fee if accounts remain idle for 90 days. Overall, MultiBank earns a 4-star rating and ranks #38 out of 62 brokers for its commissions and fees.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | 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.
Choosing between Trade Nation and MultiBank for online trading primarily comes down to your preferences in range of investments. Both brokers offer forex trading as CFDs, with Trade Nation providing access to 46 forex pairs, slightly surpassing MultiBank's 40 pairs. When it comes to total tradeable symbols, MultiBank has a slight edge with 1,042 options compared to Trade Nation’s offering of 1,000. Despite these differences, neither platform provides the ability to trade exchange-traded securities on U.S. or international exchanges, meaning clients cannot directly purchase shares such as Apple or Vodafone through either broker.
Regarding cryptocurrency, MultiBank stands out by allowing users to buy actual cryptocurrencies, whereas Trade Nation only supports cryptocurrency derivatives. Both brokers feature copy trading services, appealing to those interested in replicating the strategies of successful traders. When evaluated by ForexBrokers.com, MultiBank just edges out Trade Nation in the Range of Investments category with a rating of 4 stars versus 3.5 stars and is ranked 37th compared to Trade Nation's 38th place out of 62 brokers. These subtle differences can help inform your decision based on which features align best with your investment needs.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 1042 |
| Forex Pairs (Total) | 46 | 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.
When comparing Trade Nation and MultiBank's trading platforms and tools, both offer a comprehensive range of features designed to enhance the trading experience. Both brokers provide free virtual demo accounts, allowing traders to practice and refine their strategies without risk. They also feature proprietary platforms developed in-house, supporting Windows-based desktop downloads as well as web-based browsing. Additionally, both brokers accommodate traders keen on using MetaTrader 4 and provide options for copy trading. However, MultiBank extends its offering with MetaTrader 5, unlike Trade Nation. As for charting capabilities, Trade Nation takes the lead with 39 drawing tools, while MultiBank offers 17, though MultiBank allows trades directly from stock charts—a feature absent in Trade Nation's suite.
When looking at watch lists, Trade Nation offers more customization with 14 columns compared to MultiBank’s 7. Despite these differences, both brokers receive a similar rating of 4 stars for trading platforms and tools. However, according to ForexBrokers.com, MultiBank holds a slightly better rank, positioned at #39 out of 62 brokers, just ahead of Trade Nation's #44 ranking. This ranking suggests that while both platforms have their strengths, MultiBank might offer a slight edge in overall platform performance and tools.
| Feature |
Trade Nation
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 38 |
| Charting - Drawing Tools (Total) | 39 | 17 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Trade Nation and MultiBank, both offer critical functionalities for traders using iPhones or Android devices. Users can access real-time stock or forex alerts and have the capability to draw trendlines and view multiple time frames on charts. Furthermore, the apps automatically save any drawing changes made on charts, enhancing the user experience. However, Trade Nation stands out by offering 99 technical studies for charting, significantly more than MultiBank's 30. Additionally, Trade Nation provides watchlist symbol syncing, allowing watchlists on the mobile app to sync seamlessly with the trader's online account, an option not available with MultiBank.
Both Trade Nation and MultiBank have received a solid 4-star rating for their mobile trading apps. While MultiBank ranks slightly higher at #41 compared to Trade Nation's #45 out of 62 brokers on ForexBrokers.com, each has its unique advantages. MultiBank offers a slightly higher overall ranking, while Trade Nation appeals with its advanced charting tools and convenient symbol syncing features, making it a versatile option for traders prioritizing comprehensive chart analysis and cross-platform consistency.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 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 the market research offerings of Trade Nation and MultiBank, both brokers have distinct strengths. Trade Nation excels in providing daily market commentary and reliable forex news from leading sources like Bloomberg and Reuters. It also features a sentiment-based trading tool, giving traders insights into long and short positions across currency pairs. Additionally, Trade Nation includes research tools from Acuity Trading, enhancing its appeal for those interested in more in-depth market insights. However, it lacks both an economic calendar for global news events and tools from companies like Autochartist and Trading Central. Despite these gaps, Trade Nation holds a research rating of 3.5 stars and is ranked #42 by ForexBrokers.com.
In contrast, MultiBank does not offer daily market commentary or sentiment-based trading tools but matches Trade Nation in providing forex news from top-tier sources. While it falls short on delivering specialized tools from Autochartist, Trading Central, and Acuity Trading, MultiBank stands out by offering an economic calendar, assisting traders with upcoming global economic events. MultiBank also carries a 3.5-star rating for research; however, it is positioned slightly lower at #49 in the ForexBrokers.com rankings. With these features in mind, traders can better align their choice of broker with their specific research needs and trading strategies.
| Feature |
Trade Nation
|
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 | No | Yes |
Dive deeper: Best Brokers for Forex Research.
Trade Nation and MultiBank both provide a solid start for beginners interested in learning about forex and CFDs, offering over ten educational resources each, such as articles, videos, and archived content. Both brokers, however, lack the provision of regular online webinars or an accessible archive of past webinars, which could limit real-time learning and interaction for novices seeking guidance in real-world trading scenarios.
When it comes to resources specifically designed for beginners, both Trade Nation and MultiBank offer ample educational videos. However, Trade Nation serves experienced traders as well with over ten advanced educational videos, a feature not available with MultiBank. Additionally, Trade Nation provides an investor dictionary with over fifty terms, aiding those new to trading in understanding key concepts, a resource MultiBank does not offer. Despite both brokers receiving a 3.5-star rating for their educational offerings, Trade Nation holds a slightly higher rank (#41) compared to MultiBank (#50) in ForexBrokers.com's education category.
| Feature |
Trade Nation
|
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 | 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 Trade Nation is better than MultiBank. Trade Nation finished with an overall rank of #34, while MultiBank finished with an overall rank of #40.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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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 online brokers, Trade Nation does not allow the purchase of actual cryptocurrency but offers cryptocurrency derivatives, whereas MultiBank provides the option to buy both actual cryptocurrency and cryptocurrency derivatives.
While both Trade Nation and MultiBank offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing account funds, only MultiBank supports ACH and SEPA transfers, as neither broker provides PayPal as a transaction method.
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 | Trade Nation | MultiBank | |
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| Trust Score | 85 | 84 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | MultiBank Review |
| Broker Screenshots | Trade Nation | MultiBank | |
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| Regulation | Trade Nation | MultiBank | |
|---|---|---|---|
| Trust Score | 85 | 84 | |
| Year Founded | 2014 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 1042 | |
| Forex Pairs (Total) | 46 | 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 | Trade Nation | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Trade Nation | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 38 | |
| Charting - Drawing Tools (Total) | 39 | 17 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | 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 | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | 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 | No | Yes |
| Education | Trade Nation | 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 | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trade Nation | 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 | Trade Nation Review | MultiBank Review |
| Overall | Trade Nation | MultiBank | |
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| Trust Score | 85 | 84 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | MultiBank Review |
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