Written by ForexBrokers.com
In this head to head comparison of Vantage 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.
Founded in 2009, Vantage is an online broker not publicly traded and not a bank. It holds two Tier-1 licenses and one Tier-2 license, reflecting its strong regulatory standing. With a Trust Score of 90 from ForexBrokers.com, Vantage is considered highly trusted, making it a reliable choice for those looking to trade with confidence.
In comparison, MultiBank was established earlier in 2005 and, like Vantage, it is not publicly traded and not a bank. MultiBank boasts three Tier-1 licenses and one Tier-2 license, indicating a good regulatory status. However, it has a Trust Score of 84, placing it in the trusted category but slightly below Vantage in terms of overall trust. This may be an essential consideration for potential investors seeking robust regulatory oversight.
| Feature |
Vantage
|
MultiBank
|
|---|---|---|
| Year Founded | 2009 | 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 | 3 | 3 |
When comparing online brokers, Vantage stands out with multiple account options that cater to different trading needs. Vantage's rates are generally aligned with industry standards, but they don't quite match the aggressive pricing of leaders like Saxo, IG, and CMC Markets. Vantage offers a Standard STP account with typical spreads of 1.30 pips for EUR/USD, a Raw ECN account that features average spreads of 0.15 pips but a commission of $6 per round turn, and a PRO ECN account that boasts a lower per-side commission of $2 ($4 per round turn) but requires specific conditions to open. Active traders can benefit from rebates between $2 to $8 per standard lot, though this program is only available with the higher-spread Standard account. Vantage earns a solid 4.5-star rating and ranks #19 out of 62 brokers reviewed by ForexBrokers.com for commissions and fees.
In contrast, MultiBank offers three account types: Standard, Pro, and ECN, each designed to meet varying trader experience and investment sizes. The Standard account is beginner-friendly, requiring only a $50 deposit, but comes with relatively higher spreads, making it less appealing for seasoned traders. The Pro account, demanding a $1,000 minimum investment, provides slightly better spreads, while the ECN account offers the tightest spreads with a $10,000 minimum deposit, enhanced by a low round-trip commission of $3 per trade. However, traders should be aware of MultiBank's non-trading fees like the $60 monthly inactivity charge after 90 dormant days. MultiBank holds a 4-star rating and comes in at #37 in the same ForexBrokers.com rankings.
In summary, both Vantage and MultiBank offer tiered account structures to accommodate diverse trader profiles, though they have distinct cost elements. Vantage appeals to a wide clientele with its varied options and rebate options for active trades, while MultiBank simplifies the choice with its three accounts, although at the risk of more considerable passive fees. Vantage slightly edges out MultiBank in expert rankings for commissions and fees, suggesting a slight edge in value. Whether the decision hinges on spread size, initial deposit requirements, or potential extra costs, both brokers present a flexible array of choices for different trading strategies.
| Feature |
Vantage
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Active Trader or VIP Discounts | Yes | 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.
When comparing Vantage and MultiBank in terms of available investment options, both brokers provide forex trading through CFDs or spot contracts. However, MultiBank edges ahead with a slightly higher number of tradeable symbols, offering 1,042 compared to Vantage's 1,000. Despite this, Vantage shines in the realm of forex pairs, presenting 61 options to MultiBank’s 40. Neither broker provides direct access to exchange-traded securities, meaning you can't buy actual shares of companies like Apple or Vodafone. Both platforms support copy trading and cryptocurrency derivatives, yet MultiBank has the advantage of allowing clients to purchase actual cryptocurrencies, whereas Vantage does not.
Rated for their range of investments, Vantage earns a solid 3.5 stars, while MultiBank takes the lead with a four-star rating. Within the industry, Vantage ranks 50th compared to MultiBank's 37th place standing, showing MultiBank's stronger position as evaluated by ForexBrokers.com. This suggests that MultiBank might offer slightly more to investors seeking diverse trading opportunities, especially in terms of both the total number of tradeable assets and the types of cryptocurrency products available.
| Feature |
Vantage
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 1042 |
| Forex Pairs (Total) | 61 | 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 the trading platforms and tools of Vantage and MultiBank, both brokers offer a range of features suitable for individual traders. Vantage and MultiBank provide users with simulated trading through free virtual demo accounts, which are ideal for practice and strategy testing without financial risk. Each broker supports a proprietary platform along with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to choose based on preference. While both platforms are accessible via Windows-based desktop downloads and web-based browsers, only Vantage includes access to DupliTrade for social trading experiences.
In terms of charting capabilities, Vantage offers 15 drawing tools, just slightly fewer than MultiBank’s 17. Both brokers enable users to trade directly from stock charts, enhancing ease of use for active traders. The brokers also mirror each other in offering seven columns for watchlists. Both are equally rated at 4 stars for their trading platforms and tools, but Vantage holds a higher rank at #21 compared to MultiBank's #39 in the ForexBrokers.com rankings. When fine-tuning preferences, traders might consider the subtle differences, like the availability of specific social trading platforms or the number of drawing tools, to make the best choice for their trading needs.
| Feature |
Vantage
|
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 | Yes | 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 it comes to trading on the go, both Vantage and MultiBank offer reliable mobile apps available for iPhone and Android users. Each app provides essential features like price alerts and the ability to create a watchlist with real-time quotes. These apps boast an impressive set of 30 technical studies for charting, allowing traders to analyze market trends effectively. Additionally, users can draw trendlines and view multiple time frames, such as daily or weekly charts. Both apps automatically save drawings, ensuring that no work is lost.
However, there are some distinctions between the two. While Vantage and MultiBank both lack watchlist symbol syncing, which means changes do not synchronize between mobile and online accounts, their overall mobile trading experience remains strong. In terms of user ratings, both apps earn 4 out of 5 stars. Nonetheless, Vantage edges out MultiBank with a higher overall ranking of 27th compared to MultiBank's 41st, according to ForexBrokers.com. This slight lead may offer Vantage a better position in terms of mobile trading performance and customer satisfaction.
| Feature |
Vantage
|
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 the market research offerings of Vantage and MultiBank, Vantage shines with its comprehensive daily market commentary, a feature MultiBank does not provide. Both platforms offer forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to reliable information. However, Vantage sets itself apart by providing robust tools for technical and fundamental analysis through partnerships with Autochartist and Trading Central, services not available at MultiBank. Furthermore, Vantage offers a sentiment-based trading tool that displays the ratio of long or short positions across various instruments, which MultiBank lacks. Both platforms include an economic calendar to keep traders informed of global news events.
Overall, Vantage has secured a higher research rating with 4 stars, compared to MultiBank's 3.5 stars. This distinction is further highlighted by ForexBrokers.com's rankings, where Vantage holds the 21st spot among 62 brokers for research, while MultiBank trails at 49th. By offering a broader array of analysis tools and market commentary, Vantage provides a more substantial suite of resources for traders seeking in-depth market insights.
| Feature |
Vantage
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | 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 the educational resources available for beginners at Vantage and MultiBank, it's clear that Vantage pulls slightly ahead. Both brokers provide a solid foundation with over ten educational pieces focusing on forex and CFDs, ensuring beginners have access to a variety of articles, videos, and archived webinars. However, Vantage offers monthly online educational client webinars, while MultiBank does not, adding an extra dimension to Vantage's resources through real-time interaction and learning. Furthermore, Vantage provides a searchable archive of these previous webinars, allowing users to revisit and reinforce their learning, a feature that MultiBank does not currently offer.
In terms of video content, both brokers cater well to beginners with at least ten educational videos tailored to newcomers to trading. Yet, Vantage also extends its offerings with advanced videos for seasoned traders, something that sets it apart from MultiBank, which lacks this depth. Another standout feature of Vantage is its investor dictionary, offering definitions for over 50 investing terms, which is not available from MultiBank. These additional resources contribute to Vantage's higher education rating of four stars compared to MultiBank's 3.5 stars, as well as a significantly better ranking in the ForexBrokers.com Education category.
| Feature |
Vantage
|
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 Vantage is better than MultiBank. Vantage finished with an overall rank of #26, while MultiBank finished with an overall rank of #40.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
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MultiBank
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|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 84 |
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While both Vantage and MultiBank provide options to trade cryptocurrency derivatives, only MultiBank offers the ability to purchase actual delivered cryptocurrency, whereas Vantage does not.
Vantage and MultiBank differ in their deposit and withdrawal options, with Vantage supporting PayPal but not ACH or SEPA transfers, while MultiBank provides ACH and SEPA transfer support but not PayPal; both brokers offer Skrill, Visa/Mastercard, and bank wire options.
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 | Vantage | MultiBank | |
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| Trust Score | 90 | 84 | |
| Winner | check_circle | ||
| Review | Vantage Review | MultiBank Review |
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| Regulation | Vantage | MultiBank | |
|---|---|---|---|
| Trust Score | 90 | 84 | |
| Year Founded | 2009 | 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 | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | Vantage | 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) | Vantage | 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 | Vantage | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 1042 | |
| Forex Pairs (Total) | 61 | 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 | Vantage | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Vantage | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $50 | $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 | Vantage | 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 | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Vantage | 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 | Vantage | 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 | Vantage | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | 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 | Vantage | 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 | Vantage Review | MultiBank Review |
| Overall | Vantage | MultiBank | |
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| Trust Score | 90 | 84 | |
| Winner | check_circle | ||
| Review | Vantage Review | MultiBank Review |
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