Written by ForexBrokers.com
In this head to head comparison of Trading 212 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.
Established a year apart, Trading 212 in 2004 and MultiBank in 2005, these online brokers share similarities but also key differences in their regulatory profiles. Neither firm is publicly traded or operates as a bank, which can be an important consideration for some investors. Trading 212 holds two Tier-1 licenses, making it a relatively safe choice, with an average risk Trust Score of 79 as rated by ForexBrokers.com. In comparison, MultiBank boasts three Tier-1 licenses and an additional Tier-2 license, which reinforces its reliable reputation with a trust score of 84, placing it comfortably in the trusted category.
For those navigating the complexities of online brokerage, understanding the regulatory landscape is vital. Trading 212's offering is built on notable but fewer high-trust licenses, possibly suitable for cautious investors aware of some risk. On the other hand, MultiBank's greater number of licenses and higher trust score signal a more secure environment, appealing to those seeking stability backed by a stronger regulatory framework. These factors collectively inform prospective users about the level of security and trust each platform provides.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Year Founded | 2004 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing Trading 212 and MultiBank in terms of commissions and fees, both brokers offer unique structures tailored to different types of traders. Trading 212 provides a CFD account with a minimal deposit requirement of 10 euros and promotes zero-commission trading. However, traders should be aware of spreads, as the average spread for popular pairs like EUR/USD is 1.9 pips for January 2024 — higher than the industry standard. This could present a disadvantage for those seeking competitive pricing. Trading 212 has earned a four-star rating out of five for its commissions and fees, although its ranking is #43 out of 62 brokers according to ForexBrokers.com.
On the other hand, MultiBank offers a variety of account types: Standard, Pro, and ECN, each catering to different trading needs and experience levels. With a minimum deposit of only $50, the Standard account is accessible but comes with higher spreads, making it ideal for beginners rather than seasoned traders. The Pro account, requiring a $1,000 deposit, offers comparatively lower spreads, while the ECN account offers the lowest spreads, coupled with a $10,000 deposit and a $3 per trade commission. MultiBank also imposes a $60 monthly inactivity fee after 90 days of non-trading, which is an essential consideration for infrequent traders. MultiBank likewise has a four-star rating for commissions and fees, and is ranked at #37 out of 62 brokers by ForexBrokers.com.
In conclusion, while both Trading 212 and MultiBank offer competitive pricing structures with pros and cons, their differences in spreads and account types might influence a trader's choice depending on individual trading strategies and experience. Despite earning equivalent star ratings, MultiBank slightly outperforms Trading 212 in ranking for commissions and fees, making it a potentially better option for traders prioritizing lower spreads or varied account offerings.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Minimum Deposit | €10 | $50 |
| Average Spread EUR/USD - Standard | 1.9 | N/A |
| All-in Cost EUR/USD - Active | 1.9 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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 comparing the available range of investments between Trading 212 and MultiBank, you'll notice Trading 212 offers an extensive selection for traders of all stripes. Trading 212 features 8,025 tradeable symbols, including 146 forex pairs; this gives investors a vast array of options. Additionally, Trading 212 provides access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in companies like Apple and Vodafone directly. However, Trading 212 does not facilitate copy trading or purchasing actual cryptocurrency but does offer cryptocurrency derivatives for those interested.
MultiBank, on the other hand, offers a respectable 1,042 tradeable symbols, with 40 forex pairs among them. Although MultiBank lacks access to direct exchange-traded securities from U.S. and international markets, it stands out by allowing clients to buy actual cryptocurrency, which could appeal to cryptocurrency enthusiasts. MultiBank also supports copy trading, providing options for those looking to mirror other traders' strategies. Rated four stars for its range of investments, MultiBank is ranked #37 among 62 brokers, whereas Trading 212 boasts a five-star rating and ranks #15, showcasing its superior selection for a diverse investment portfolio.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8025 | 1042 |
| Forex Pairs (Total) | 146 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 trading platforms and tools of Trading 212 and MultiBank, there are notable differences and similarities. Both brokerage firms provide simulated trading through free virtual demo accounts and have developed their own proprietary trading platforms. Trading 212 excels with its intuitive web-based platform and offers trading directly from stock charts. However, it lacks a Windows-based desktop platform and compatibility with popular third-party platforms like MetaTrader 4 and 5, which MultiBank supports. Additionally, MultiBank offers copy trading, adding an extra layer of flexibility, which Trading 212 does not provide.
In terms of charting, Trading 212 provides 20 drawing tools, slightly more than MultiBank's 17, but both allow users to execute trades directly from charts. When it comes to watch lists, Trading 212 offers five customizable columns, whereas MultiBank offers seven. Despite having different strengths, both are rated four out of five stars for their trading platforms and tools according to ForexBrokers.com. However, Trading 212 ranks higher, coming in at 21st place among 62 brokers, whereas MultiBank is ranked 39th in the same category, indicating Trading 212 holds a slight edge in overall platform satisfaction.
| Feature |
Trading 212
|
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) | 54 | 38 |
| Charting - Drawing Tools (Total) | 20 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Trading 212 and MultiBank both provide robust mobile trading apps for iPhone and Android users, offering essential features for stock and forex traders on the go. Both apps support price alerts, enabling traders to stay up-to-date with market fluctuations instantly. An outstanding feature of the Trading 212 app is its ability to sync watchlist symbols between the app and the user's online account. In contrast, MultiBank lacks this syncing capability, which might require users to manually update watchlists in different locations.
When it comes to technical analysis tools, Trading 212 offers a more extensive selection with 104 technical studies, compared to MultiBank's 30. Both platforms enable users to draw trendlines and choose from multiple time frames such as daily, weekly, or intraday. Additionally, these apps save chart drawings automatically. With four-star ratings for their mobile apps, Trading 212 stands out with a higher rank of 17th place on ForexBrokers.com, while MultiBank is in the 41st position among 62 brokers. This higher ranking might reflect Trading 212’s advanced features and user-friendly approach.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 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.
Trading 212 and MultiBank present intriguing options for market research features in the online brokerage space. Both platforms offer access to top-tier forex news from renowned sources like Bloomberg and Reuters and provide users with an economic calendar detailing major global news events. However, neither broker includes daily market commentary, tools from companies such as Autochartist and Trading Central, or research tools like those from TipRanks and Acuity Trading. These similarities might simplify the decision-making process for traders who prioritize these elements in their analysis.
Despite their common features, Trading 212 has a slight edge with its sentiment-based trading tool, which gives insights into long and short positions across various currency pairs — a feature MultiBank lacks. Both brokers share an identical research rating of 3.5 stars out of 5, highlighting their comparable offerings. However, ForexBrokers.com ranks Trading 212 at #46 and MultiBank at #49 out of 62 brokers, possibly giving Trading 212 a modest preference in the research category for those considering these aspects.
| Feature |
Trading 212
|
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) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Trading 212 and MultiBank for educational resources aimed at beginners, Trading 212 stands out with a broader array of tools. Both platforms provide a solid foundation with more than 10 educational pieces like articles, videos, and webinars focusing on forex and CFDs. However, Trading 212 goes a step further by offering monthly online webinars and a searchable archive of past sessions, whereas MultiBank does not. This allows Trading 212 users to enjoy continuous learning opportunities and revisit lessons anytime.
While both brokers cater to newcomers with beginner videos, Trading 212 also offers advanced educational clips, helping users deepen their knowledge as they grow. Additionally, Trading 212 equips its clients with an investor dictionary containing over 50 investing terms, a resource MultiBank does not provide. Despite both being rated 3.5 stars for education, Trading 212 is ranked higher, at #20 as opposed to MultiBank's #50, reflecting its more comprehensive educational support. This makes Trading 212 a favorable choice for those seeking enriched learning experiences in trading.
| Feature |
Trading 212
|
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 Trading 212 is better than MultiBank. Trading 212 finished with an overall rank of #31, while MultiBank finished with an overall rank of #40.
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.
| Feature |
Trading 212
|
MultiBank
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 79 | 84 |
| Range of Investments |
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Trading 212 does not facilitate the purchase of actual (delivered) cryptocurrency but does offer cryptocurrency derivatives, whereas MultiBank provides options for buying both actual cryptocurrency and cryptocurrency derivatives.
Trading 212 and MultiBank both support ACH, SEPA transfers, Visa/Mastercard, and bank wires for depositing and withdrawing funds, but differ in additional payment methods, with Trading 212 offering PayPal and MultiBank supporting Skrill.
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 | Trading 212 | MultiBank | |
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| Trust Score | 79 | 84 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | MultiBank Review |
| Broker Screenshots | Trading 212 | MultiBank | |
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| Regulation | Trading 212 | MultiBank | |
|---|---|---|---|
| Trust Score | 79 | 84 | |
| Year Founded | 2004 | 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 | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | 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) | Trading 212 | 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 | Trading 212 | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8025 | 1042 | |
| Forex Pairs (Total) | 146 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Trading 212 | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.9 | N/A | |
| All-in Cost EUR/USD - Active | 1.9 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trading 212 | MultiBank | |
|---|---|---|---|
| Minimum Deposit | €10 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Trading 212 | 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 | Trading 212 | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 54 | 38 | |
| Charting - Drawing Tools (Total) | 20 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | 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 | 104 | 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 | Trading 212 | 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 | Yes | Yes |
| Education | Trading 212 | 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 | Trading 212 | 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 | Trading 212 Review | MultiBank Review |
| Overall | Trading 212 | MultiBank | |
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| Trust Score | 79 | 84 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | MultiBank Review |
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