MultiBank vs Trading 212 - Fees Review included
Which broker is better MultiBank or Trading 212? Our expert assessment conducted according to TU’s own methodology showed that MultiBank is one of the top brokers in the financial market with the TU Overall Score of 5.92 out of 10. Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 4.89 out of 10. Find out more about TU Overall Score.
| Feature | MultiBank | Trading 212 |
|---|---|---|
Overall |
4.2 |
3.9 |
4.9 |
4.5 |
|
4.0 |
3.5 |
|
4.8 |
4.7 |
|
Investment Instruments |
4.8 |
1 |
Platforms and Charting Tools |
3.9 |
2.8 |
Deposit and Withdrawal |
4.3 |
4.1 |
Research |
3.1 |
3.7 |
Education |
2.8 |
3.8 |
Support |
4.1 |
3.9 |
Bonuses |
4.3 |
1 |
|
|
MultiBank vs Trading 212: Pros and Cons
Established in 2005, MultiBank Group has successfully stamped its authority in the world of trading. It has a valid impact in the foreign exchange industry with providing exemplary products, services, and trading platforms. With a paid-up capital of over $322 million, MultiBank Group is recognized as one of the largest only financial derivatives providers worldwide. The Group is closely supervised by over 10 financial regulators worldwide across various jurisdictions, what ensures investor protection. Entities regulated by ASIC, BAFIN, CNMV, FMA, TFG, HKCE, AUSTRAC, VFSA, CIMA.
The Trading 212 brokerage company (trading212.com) is registered to do business in London in 2006. Its specialization is the provision of services for investment and active trading in the foreign exchange and stock markets. The company is regulated and licensed by the UK Financial Conduct Authority (FCA) and by CySEC in Europe. The broker does not provide data on awards received during the work.
| MultiBank | Trading 212 | |
|---|---|---|
| Overall Pros | Professional ECN accounts with floating spreads from 0.1 pips | low level of the minimum deposit |
| popular trading platforms MT4 and MT5, mobile apps and web terminals compatible with various OS and browsers | a large selection of trading assets | |
| several options for passive earnings including a service for copying trades, PAMM accounts, and an affiliate program | Big choice of Stocks and ETFs | |
| 20,000+ CFD Products across six asset classes | UK and EU regulated broker | |
| supervised by over 10 financial regulators worldwide across various jurisdictions | ||
| Overall Cons | trading restrictions on scalping | lack of investment programs |
| Limited education and research | a small number of ways to contact support | |
| High inactivity fee | the company does not hold contests for traders |
MultiBank vs Trading 212: Safety and Regulation
| Regulated By: | MultiBank | Trading 212 |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
Yes |
No |
Other Regulators |
AUSTRAC (Australia), BAFIN (Germany), CNMV (Spain), FMA (Liechtenstein), SMA (Singapore) TFG, HKCE, VFSA (Vanuatu), CIMA. |
No |
MultiBank vs Trading 212: Trading Conditions
| Trading Conditions | MultiBank | Trading 212 |
|---|---|---|
Minimum Deposit |
$50 |
£1, €1 |
Trading Platforms |
MT4, MT5, WebTrader, Mobile app |
Web platform, a mobile app for iOS and Android |
Max Leverage (Futures) |
1-500 (no for all markets, EU, AU - 1-30, please look for your regulator rules) |
1:30 (retail clients), 1:500 (Pro clients) |
Supported Markets |
Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Trading assets |
20000+ |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
Trading Accounts |
Pro, ECN, Standard, Demo |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Base Account Currencies |
USD, GBP, EUR, CHF, AUD, AED, NZD, CAD |
GBP, EUR |
MultiBank vs Trading 212: Fees
Forex Trading Fees
| Fee | MultiBank | Trading 212 |
|---|---|---|
Standard Account EURUSD Average Spread |
1.7 pips |
2.3 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3 per lot |
Not supported |
ECN Account EUR Average Spread |
0.1 pips |
Not supported |
CFD Trading Fees
| Fee | MultiBank | Trading 212 |
|---|---|---|
CFD Trading Fee |
Floating spread |
Other fees |
Non-Trading Fees
| Fee | MultiBank | Trading 212 |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
0,7% if you deposit more than 2000 EUR with debit or credit card |
Withdrawal Fee |
No |
No |
Inactivity Fee |
$60 per quarter after 3 months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
MultiBank vs Trading 212: Trading Assets
| Asset Name | MultiBank | Trading 212 |
|---|---|---|
Overall |
20000+ |
over 12000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes (CFD) |
Binary Options |
No |
No |
MultiBank or Trading 212: Investment Programs
| Asset Name | MultiBank | Trading 212 |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Trading 212 or MultiBank
| MultiBank | Trading 212 | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
Trading 212 |
Others |
No |
No |
|
|
MultiBank vs Trading 212: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | MultiBank | Trading 212 |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
No |
MultiBank vs Trading 212: Research
| Research Type | MultiBank | Trading 212 |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
NO |
No |
MultiBank vs Trading 212: Education
| Education Type | MultiBank | Trading 212 |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Trading 212 vs MultiBank: Support
| Support Features | MultiBank | Trading 212 |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
No |
Other |
No |
feedback form |
MultiBank vs Trading 212: Forex Bonuses and Promo
| Promo | MultiBank | Trading 212 |
|---|---|---|
Forex Bonus |
“Trading Bonuses”, traders can benefit from various trading bonuses including the 20% deposit bonus whereby traders can earn a bonus up to $40,000 |
No |
Affiliate Program |
“Introducing Broker Program”, this IB program is dedicated to benefit a community of 30,000+ IBs with one of the highest rebates and offers in the industry. “CPA Affiliate Program”, this CPA program allows digital marketers such as portal websites, media buyers, email marketers, affiliate networks, bloggers, and influencers of the forex or financial services community to earn a commission for every active trader they introduce to MultiBank Group. |
Promo offer. It works according to the principle of a standard referral program. A client of the company becomes a partner of a broker, receives an individual referral link and attracts new users to the company. The referrer gets a bonus for each new active trader. Trading 212 provides a tiered referral program that rewards every client and friend they refer with a free share (or a share of the whole share) up to €100/GBP. |
Other Promos |
||
|
|
Top 5 Reviews on Trading 212
-
Comment
I haven’t traded or registered with Trading 212 yet, but I think I should try, since the company is interesting. I am currently studying reviews about this broker. So far nothing bad has happened.
-
Comment
I like trading with trading 212. The conditions are normal. The minimum deposit is really minimal - €1, but it is better to make a normal deposit, you understand. The platform works properly too. I checked the quotes, they correspond to the market. Sometimes, opening and closing of trades is not fast enough, but it is within reasonable time.
-
Comment
I have been trading with Trading 212 for almost 2 years. The broker is not bad and it withdraws money. However, there are some problems: there are requotes and the platform freezes sometimes. But the broker is regulated, which is a plus! I’m currently trading with another company, but I have this one in mind.
-
Comment
Withdrawals and execution are fine at Trading 212. Now I make a profit, but there were different situations. I decided to trade here, as they withdraw money without any problems.
-
Comment
I came to trading 212 a couple of years ago, it’s a worthy company. What I like most is the respectful attitude towards the trader. The support has helped me more than once; the operators regularly advise me on all issues that arise. This helps me a lot in trading.
Top 5 Reviews on MultiBank
-
Comment
I think that MultiBank is a reliable and normal broker. Ask why? Because my money was drained with another company, and when I registered and started trading with MultiBank I had no problems. The quotes are real, and most importantly, I managed to earn $300 in 2 months with a deposit of $2,000, although I’m not that experienced. I think I’ll continue trading here and if anything changes — I’ll let you know.
-
Comment
I recommend working with MultiBank to everyone, and for novice traders I recommend trading on a demo account until you learn how to trade profitably. For normal trading, MultiBank requires a sufficient deposit. But with a small deposit there is absolutely nothing to do in the financial market. The platform is normal and with a good strategy you can make money here.
-
Comment
I’ve been trading with multibank for about a year. At first I started with a small deposit, as I wanted to check the conditions and had doubts about withdrawals. Yes, the first withdrawal was delayed for several days, but subsequent ones were without problems — withdrawals arrived on the day of requests. Personally, I have no problems with MultiBank, perhaps because I trade honestly and not aggressively.
-
Comment
It is strange to hear dissatisfaction from traders, especially from novice traders. You need experience to understand the quality of brokerage services. If traders trade with a huge leverage, lose everything, and then complain about the company, it’s not the company to blame. They would still have lost their money with such trading... No matter where. MultiBank is a normal company.
-
Comment
spent 2 years trading with Multi bank. I lost about $60,000 and the price almost never went up. It’s just that after opening orders, the price immediately bounces off and goes in the opposite direction. When I complained - they took action! But I’m just tired of such work.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.