BlackBull Markets

4.1(500)

FMA NZ

MultiBank Group

4(450)

Various

BlackBull Markets vs MultiBank Group

Head-to-Head Comparison 2026

Our Verdict

BlackBull Markets has a higher rating of 4.1/5 compared to MultiBank Group (4/5). The minimum deposit is lower at BlackBull Markets with 0 $. MultiBank Group has been in the market since 2005, making it the more experienced provider.

Comparison Table

Criteria	BlackBull Markets	MultiBank Group
Rating	4.1/5 (500 reviews)✓	4/5 (450 reviews)
Regulation	FMA NZ	Various
Fees	from 0.0 pips (ECN), commission from $6 per lot	from 0.0 pips (ECN Pro), commission from $3 per lot
Min. Deposit	0 $	50 $
Instruments	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs	Forex, CFDs, Indices, Commodities, Metals, Crypto CFDs
Platforms	MT4, MT5, cTrader, TradingView	MT4, MT5, MultiBank Pro
Options Trading	No	No
Founded	2014	2005
Headquarters	Auckland	Hong Kong

Detailed Comparison

Fee Comparison

BlackBull Markets: from 0.0 pips (ECN), commission from $6 per lot. Minimum deposit: 0 $.

MultiBank Group: from 0.0 pips (ECN Pro), commission from $3 per lot. Minimum deposit: 50 $.

Product Range

BlackBull Markets (6 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCrypto CFDs

MultiBank Group (6 categories)

ForexCFDsIndicesCommoditiesMetalsCrypto CFDs

Trading Platforms

BlackBull Markets

MT4
MT5
cTrader
TradingView

MultiBank Group

MT4
MT5
MultiBank Pro

Regulation & Security

BlackBull Markets is regulated by FMA NZ (HQ: Auckland).

MultiBank Group is regulated by Various (HQ: Hong Kong).

Who Is It For?

BlackBull Markets

ECN broker from New Zealand with institutional liquidity

✓ ECN execution with tight spreads from 0.0 pips

✓ No minimum deposit required

✓ TradingView integration

✗ Regulation outside the EU (FMA NZ)

✗ Commissions on ECN account relatively high

MultiBank Group

Multi-regulated Forex broker with institutional infrastructure

✓ Multi-regulated in multiple jurisdictions

✓ ECN execution with tight spreads

✓ Large institutional liquidity

✗ Complex regulatory structure

✗ Platform less known in Europe

Frequently Asked Questions

Is BlackBull Markets or MultiBank Group cheaper?

BlackBull Markets charges from 0.0 pips (ECN), commission from $6 per lot. MultiBank Group charges from 0.0 pips (ECN Pro), commission from $3 per lot. The minimum deposit is 0 $ at BlackBull Markets and 50 $ at MultiBank Group.

Which broker offers more products: BlackBull Markets or MultiBank Group?

BlackBull Markets offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs. MultiBank Group offers Forex, CFDs, Indices, Commodities, Metals, Crypto CFDs.

Which broker is better regulated?

BlackBull Markets is regulated by FMA NZ. MultiBank Group is regulated by Various.

Is BlackBull Markets or MultiBank Group better for beginners?

BlackBull Markets has a minimum deposit of 0 $ and offers MT4, MT5, cTrader, TradingView as platforms. MultiBank Group has a minimum deposit of 50 $ and offers MT4, MT5, MultiBank Pro. BlackBull Markets has the lower entry barrier.

BlackBull Markets vs MultiBank Group: Which broker is better overall?

The choice between BlackBull Markets (4.1/5, 500 reviews) and MultiBank Group (4/5, 450 reviews) depends on your needs. BlackBull Markets: ECN broker from New Zealand with institutional liquidity. MultiBank Group: Multi-regulated Forex broker with institutional infrastructure.