Written by

Fact-checked by

Alia Mehmood

Updated October 2026Country India

Data verified

Complete Head-to-Head Comparison · 2026

Cmc Markets Vs MultiBank Group: A Detailed Comparison For Indian Traders

Q: Are CMC Markets and MultiBank Group regulated in India?

No, neither broker is regulated by SEBI or RBI in India. They operate as international brokers, and Indian traders can use them under the RBI's Liberalised Remittance Scheme (LRS) to remit funds for trading. It's important to verify which regulatory entity (e.g., FCA or ASIC) your account is under, as that determines protection.

Q: Can Indian traders use UPI deposits with these brokers?

CMC Markets does not support UPI directly; it relies on international bank transfers. MultiBank Group, through some of its payment processors, may accept UPI or local Indian bank transfers, but this is not guaranteed for all entities. Always check with customer support before depositing.

Q: Which broker offers lower minimum deposit for Indian traders?

MultiBank Group has a lower minimum deposit, starting from $50 (or equivalent), while CMC Markets effectively requires around $200 due to RBI LRS minimum remittance limits. However, CMC's minimum deposit is $0 in theory, but practical amounts are higher for Indian residents.

Which broker is better for India traders in 2026? Expert analysis across 12 categories.

CMC Markets

FCA · ASIC · MAS · Founded 1989

Open Account

MultiBank Group

BaFin · ASIC · FSC · Founded 2005

Open Account

Winner: CMC Markets

Categories: 12 compared

For: India traders

Updated: October 2026

Compare any two brokers

Full CMC Markets Review Full MultiBank Group Review

Compare All Brokers in India

Best Forex Brokers Best Gold CFD Brokers Lowest Spread Brokers Best Demo Account

Quick Verdict — India Traders

Best Overall

CMC Markets

Higher overall score & more features

Best Spreads

MultiBank Group

Lower trading costs for scalpers

Islamic Accounts

MultiBank Group

Swap-free for India Muslims

Best for Beginners

CMC Markets

Better education & support

$0 vs $50

Min deposit

1:1 vs 1:1

Max leverage

FCA vs BaFin

Top regulator

4.2 vs 4.1

Our scores

Table of Contents

→ Overall Scores → Trading Costs → Account Types → Leverage → Instruments → Platforms → Execution Quality → Regulation & Safety → Deposits & Withdrawals → Islamic Accounts → Customer Support → Mobile App → Education & Research → User Reviews → Pros & Cons → Who Should Use?→ FAQ → Final Verdict

Head-to-head comparison

Indian traders seeking a global online broker often weigh CMC Markets against MultiBank Group. Both are established multi-asset brokers with strong international presence, but they differ significantly in regulation, cost structures, and platform features. This comparison breaks down the key factors to help you decide based on your trading style and needs in India.

🏆

Overall Scores Comparison

CMC Markets

FCA · ASIC · MAS

4.2

CompareBroker score

Winner

MultiBank Group

BaFin · ASIC · FSC

4.1

CompareBroker score

Trading Costs

Spreads, commissions

4.3

WIN

4.2

Platforms

MT4, MT5, cTrader, TV

3.9

WIN

3.8

Regulation

Safety, oversight

4.5

WIN

4.4

Deposits

Local payments

4.3

WIN

4.2

Customer Support

24/5, chat, phone

4.0

WIN

3.9

Education

Webinars, guides

4.3

WIN

4.2

Execution

Speed, slippage

4.0

4.2

WIN

Mobile App

iOS, Android

4.2

WIN

4.1

💹

Trading Costs - Spreads & Commissions

Instrument	CMC Markets	MultiBank Group	Winner
EUR/USD avg spread	0.09 pips + $3.5/lot	0.0 pips + $3.5/lot	MultiBank Group
XAU/USD (Gold)	$0.14 typical	$0.12 typical	MultiBank Group
GBP/USD avg spread	0.29 pips	0.23 pips	MultiBank Group
Standard acc spread	from 1.0 pips	from 0.8 pips	MultiBank Group
ECN commission	$3.5/lot/side	$3.5/lot/side	Tie
Min deposit	$0	$50	CMC Markets

📂

Account Types Comparison

Account Type	CMC Markets	MultiBank Group
Standard account	✓	✓
ECN / Raw spread	✓	✓
Islamic (swap-free)	✗	✓
Demo account	✓	✓
PAMM / MAM account	✗	✗
Zero spread account	✗	✓
Copy trading	✗	✗
Min deposit	$0	$50

⚖️

Leverage Comparison - India Traders

Entity / Asset	CMC Markets	MultiBank Group
India (offshore)	Up to 1:1	Up to 1:1
Forex major pairs	1:1	1:1
Gold (XAU/USD)	1:200	1:200
Indices	1:100	1:100
Cryptocurrencies	1:2 to 1:10	1:2 to 1:10

Leverage Warning for India Traders

Traders in India typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.

📈

Trading Instruments - Assets Available

Asset Class	CMC Markets	MultiBank Group	Winner
Forex pairs	90+	65+	CMC Markets
Gold (XAU/USD)	✓	✓	Tie
Oil (WTI/Brent)	✓	✓	Tie
Stock indices	25+ indices	20+ indices	CMC Markets
Crypto CFDs	30+	20+	CMC Markets
Stocks / Share CFDs	1,000+	✗	MultiBank Group
ETFs	✓	✗	Tie

🖥️

Platforms Comparison

Platform	CMC Markets	MultiBank Group
MetaTrader 4 (MT4)	✓	✓
MetaTrader 5 (MT5)	✓	✓
cTrader	✗	✗
TradingView	✗	✗
Expert Advisors (EAs)	✗	✓
Scalping allowed	✓	✓
Hedging allowed	✓	✓

⚡

Execution Quality - Speed & Slippage

Factor	CMC Markets	MultiBank Group	Winner
Execution model	ECN/STP	True ECN	MultiBank Group
Avg execution speed	~30ms	~40ms	CMC Markets
Slippage	Very low	Very low	Tie
Requotes	Very rare	Very rare	Tie
Scalping allowed	✓	✓	Tie
EA / Bot trading	✗	✓	Tie

🛡️

Regulation & Safety for India Traders

Safety Factor	CMC Markets	MultiBank Group
Primary regulator	FCA	ASIC
Top-tier regulated	✓	✓
Investor protection	✓	✓
Segregated funds	✓	✓
Neg. balance protection	✓	✓

Verify regulation independently

Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for India traders may differ by entity.

💳

Deposits & Withdrawals for India

Payment Method	CMC Markets	MultiBank Group
Bank Wire Transfer	✓	✓
Visa / Mastercard	✓	✓
Skrill	✓	✓
Neteller	✗	✓
USDT / Crypto	✗	✗
Withdrawal time	5 business days	Internal Processing: Handled by the finance department within 24 hours.E-Wallets & Crypto: Usually completed within 1 to 2 business days (or network dependent).Credit/Debit Cards: Arrives in 1 to 5 business days.Local Bank Transfers: Processed within 24 hours.International Wires: Takes 2 to 5 business days.

☪️

Islamic Accounts - Swap-Free for India Muslims

Islamic Account Feature	CMC Markets	MultiBank Group
Swap-free available	✗	✓
Admin fee instead of swap	On some instruments	On some instruments
MT4 / MT5 supported	✓	✓
How to apply	Contact support	Contact support

Islamic Account Note

Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.

💬

Customer Support Comparison

Support Feature	CMC Markets	MultiBank Group	Winner
Live chat	✓	✓	Tie
Phone support	✓	✓	Tie
Email support	✓	✓	Tie
24/7 support	✗	✗	Tie
Response time (chat)	<2 minutes	<3 minutes	CMC Markets

📱

Mobile App Comparison

Mobile Feature	CMC Markets	MultiBank Group	Winner
iOS App Store rating	4.5 stars	4.3 stars	CMC Markets
Google Play rating	4.3 stars	4.2 stars	CMC Markets
Biometric login	✓	✓	Tie
Push notifications	✓	✓	Tie
Full charting on mobile	✓	✓	Tie
TradingView mobile	✗	✗	Tie

📚

Education & Research Tools

Resource	CMC Markets	MultiBank Group	Winner
Video tutorials	100+ videos	50+ videos	Tie
Webinars (live)	Weekly	Monthly	Tie
Economic calendar	✓	✓	Tie
Market analysis	Daily	Basic	CMC Markets

⭐

Real User Reviews - Trustpilot

CMC Markets

☆☆☆☆☆

—

3,200 verified reviews

View on Trustpilot

MultiBank Group

☆☆☆☆☆

—

1,780 verified reviews

View on Trustpilot

⚖️

Pros & Cons of Each Broker

CMC Markets

Pros

+Top-tier regulated

Cons

-No TradingView

-No 24/7 support

MultiBank Group

Pros

+Top-tier regulated

+Islamic swap-free account

Cons

-No TradingView

-No 24/7 support

👤

Who Should Use Which Broker? - India Guide

Choose CMC Markets if you...

Are a beginner trader in India

Want TradingView integration

Have less than $200 to start

Want FCA regulation

Choose MultiBank Group if you...

Are a beginner trader in India

Are a scalper or EA trader

Need PAMM/MAM accounts

Want True ECN regulation

❓

FAQ - CMC Markets vs MultiBank Group in India

Are CMC Markets and MultiBank Group regulated in India?

Can Indian traders use UPI deposits with these brokers?

Which broker offers lower minimum deposit for Indian traders?

Final Verdict - India 2026

CMC Markets wins overall

After comparing 12 categories, CMC Markets comes out ahead for most India traders.

Open CMC Markets Open MultiBank Group

Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. CMC Markets: 69% of retail CFD accounts lose money. All data verified as of October 2026.

Find Your Best Broker

Compare all brokers for India traders based on your trading style.

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Score Summary

CMC Markets Winner4.2/5

MultiBank Group 4.1/5

Full Reviews

Full CMC Markets Review →Full MultiBank Group Review →

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Risk Warning: CFDs are complex instruments. 74-89% of retail accounts lose money. CMC Markets: 69% of retail CFD accounts lose money.

Cmc Markets Vs MultiBank Group: A Detailed Comparison For Indian Traders

Quick Verdict — India Traders

Head-to-head comparison

Overall Scores Comparison

Trading Costs - Spreads & Commissions

Account Types Comparison

Leverage Comparison - India Traders

Trading Instruments - Assets Available

Platforms Comparison

Execution Quality - Speed & Slippage

Regulation & Safety for India Traders

Deposits & Withdrawals for India

Islamic Accounts - Swap-Free for India Muslims

Customer Support Comparison

Mobile App Comparison

Education & Research Tools

Real User Reviews - Trustpilot

Pros & Cons of Each Broker

CMC Markets

MultiBank Group

Who Should Use Which Broker? - India Guide

Choose CMC Markets if you...

Choose MultiBank Group if you...

FAQ - CMC Markets vs MultiBank Group in India

Are CMC Markets and MultiBank Group regulated in India?

Can Indian traders use UPI deposits with these brokers?

Which broker offers lower minimum deposit for Indian traders?

Final Verdict - India 2026

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