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 |
When comparing the commissions and fees of Trade Nation and MultiBank, it's clear that both brokers have their strengths, but Trade Nation emerges as the more predictable option thanks to its fixed-spread pricing. Trade Nation offers competitive fixed spreads across all tradeable symbols on its proprietary TN Trader platform, with a 0.6 pips fixed spread for the EUR/USD pair. Although spreads may widen briefly during the daily rollover period, the overall average remains around 1 pip. Traders have the flexibility of choosing from three account types, including a commission-based Raw Spread account with a $3.50 per side charge and a commission-free account on MetaTrader. Rated 5 out of 5 stars for commissions and fees, Trade Nation holds an admirable 7th place ranking among 62 brokers according to ForexBrokers.com.
MultiBank provides three account types—Standard, Pro, and ECN—each catering to different trading levels. The Standard account requires a minimal $50 deposit but offers higher spreads, making it less appealing unless you're a beginner. The Pro account demands a $1,000 deposit and comes with more favorable spreads. For the lowest possible spreads, the ECN account is the best option but requires a hefty $10,000 deposit and adds a $3 round-trip commission per trade. MultiBank also imposes a $60 monthly inactivity fee if no trading occurs for 90 days, which could be a deterrent for less frequent traders. With a solid 4-star rating for commissions and fees, MultiBank ranks 37th out of 62 brokers.
In summary, Trade Nation impresses with its fixed spreads and variety of account options, making it a top choice for many traders. MultiBank, while offering competitive spreads in its higher-tier accounts, may not suit all budgets due to its account requirements and inactivity fees. Both brokers provide solid options, but the choice depends largely on individual trading needs and experience level.
| 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.
Trade Nation and MultiBank both provide comprehensive trading experiences through their platforms and tools, catering to diverse trading needs. Both brokers offer simulated or paper trading through free virtual demo accounts, allowing users to practice without financial risk. They also each feature proprietary trading platforms developed in-house, accessible via a Windows-based desktop download or a web-based browser platform. For those interested in social trading, both brokers support copy trading capabilities. They also offer the popular MetaTrader 4 (MT4) platform, but only MultiBank provides access to the more advanced MetaTrader 5 (MT5). Neither broker supports DupliTrade or ZuluTrade.
When it comes to charting functions, Trade Nation leads with 39 drawing tools compared to MultiBank's 17, though MultiBank allows users to trade directly from stock charts, a feature not available with Trade Nation. For organizing market interests, Trade Nation offers a more comprehensive watch list with 14 columns, surpassing MultiBank's 7 columns. Despite these distinctions, both brokers attain a 4-star rating out of 5 for their trading platforms and tools. However, in rankings by ForexBrokers.com, Trade Nation holds the 45th position out of 62 brokers, while MultiBank is slightly ahead at 39th place.
| 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) | 99 | 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 features of Trade Nation and MultiBank, traders may notice several key differences. Both brokers provide access to forex news from respected sources like Bloomberg and Reuters, ensuring clients have reliable information. However, Trade Nation stands out with its sentiment-based trading tool that displays the ratio of long or short positions across currency pairs — a feature MultiBank doesn't offer. Additionally, Trade Nation provides research tools through Acuity Trading’s Signal Centre, while MultiBank does not include this in its offerings. On the other hand, traders who prioritize an economic calendar for tracking global news events would find MultiBank more appealing, as Trade Nation lacks this feature.
Despite these differences, both brokers receive an equal rating of 3.5 stars out of five for research. This parity reflects their strengths and weaknesses in delivering market insights. Trade Nation ranks slightly higher at #42 compared to MultiBank’s #49 among 62 brokers evaluated by ForexBrokers.com. While each broker offers unique benefits, it ultimately depends on the trader's priorities when choosing between the two for research support.
| Feature |
Trade Nation
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | No | 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 offer a solid foundation of educational resources for beginners looking to dive into forex and CFDs trading. Each broker provides a minimum of ten educational pieces, including articles and videos, aimed at helping beginners understand the world of trading. For those just starting out, both platforms deliver at least ten beginner-friendly videos that clarify various trading topics, which is an invaluable resource for anyone new to trading.
However, when it comes to more advanced educational content, neither Trade Nation nor MultiBank excels, as neither offers a substantial collection of advanced videos for experienced traders. Additionally, both brokers fall short by not providing monthly educational webinars or searchable archives of past webinars, nor do they offer extensive investor dictionaries. Despite these similarities, Trade Nation edges out a slightly higher educational ranking, standing at #42 in the ForexBrokers.com education category, compared to MultiBank's rank of #50, though both share the same 3.5-star rating for their educational offerings.
| 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 | No | No |
| Investor Dictionary (Glossary) | No | 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
|
|---|---|---|
| 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) | 99 | 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 | No | 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 | No | No | |
| Investor Dictionary (Glossary) | No | 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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