Written by ForexBrokers.com
In this head to head comparison of DooPrime 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.
DooPrime and MultiBank are two established online brokers, with DooPrime founded in 2014 and MultiBank in 2005. Neither company is a bank or publicly traded. Despite their shared characteristics, their regulatory footprints show differences. DooPrime maintains 4 Tier-1 licenses while MultiBank holds 3, indicating a high level of regulatory oversight for both. However, when it comes to Tier-2 licenses, MultiBank has an additional level of trust with one license, whereas DooPrime holds none.
When evaluating overall trust, ForexBrokers.com gives DooPrime a Trust Score of 83 and MultiBank a slightly higher score of 84, meaning both are considered trusted brokers. These scores suggest that both firms operate with a considerable degree of trust, although MultiBank edges out slightly in the ratings. This information can guide potential investors in making informed decisions based on regulatory compliance and trustworthiness.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Year Founded | 2014 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
When comparing the commissions and fees for DooPrime and MultiBank, it's important to consider their distinct offerings. DooPrime has a star rating of 3 out of 5 for its commissions and fees. As per ForexBrokers.com, it ranks 59th out of 63 brokers in this category. Unfortunately, average spread data for DooPrime is not available, which can make it challenging to fully assess its cost structure. However, this rating suggests there may be room for improvement in terms of competitiveness.
In contrast, MultiBank boasts a higher rating of 4 out of 5 stars for its commissions and fees, ranking 38th out of 63 brokers according to ForexBrokers.com. MultiBank offers three distinct account types: Standard, Pro, and ECN, each catering to different levels of trader experience and budget. The Standard account is accessible with a $50 minimum deposit but comes with relatively higher spreads, making it less appealing except for complete beginners. The Pro account requires a $1,000 minimum deposit, offering more competitive spreads. For the most favorable trading conditions, the ECN account provides the lowest spreads with a $10,000 deposit, paired with a small round-trip commission of $3 per trade.
Beyond trading fees, it's crucial to factor in MultiBank's non-trading charges, such as the $60 monthly inactivity fee applied after 90 days without trading activity. When weighing the differences between DooPrime and MultiBank, these aspects of cost can significantly impact your overall trading expenses, making MultiBank a more attractive option for those seeking varied account offerings and transparency in fees.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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 the range of investments available between online brokers DooPrime and MultiBank, there are several key differences to consider. Both brokers offer forex trading as a CFD or spot contract, but DooPrime stands out with a significantly larger number of tradeable symbols, boasting 10,000 compared to MultiBank's 1,042. Additionally, DooPrime offers 60 tradeable forex pairs, outpacing MultiBank's 40 pairs. In terms of exchange-traded securities on U.S. and international exchanges, DooPrime provides access to these markets, allowing clients to invest in companies like Apple and Vodafone, while MultiBank does not offer this feature.
Both DooPrime and MultiBank support copy trading, which is a practical tool for those looking to mirror successful trades. However, when it comes to cryptocurrency investments, MultiBank offers more variety by providing the ability to buy actual cryptocurrencies and their derivatives, whereas DooPrime does not. Consequently, DooPrime earns a higher investment range rating of 5 stars compared to MultiBank's 4 stars and is ranked 12th out of 63 brokers by ForexBrokers.com for investment range, while MultiBank holds the 37th position. Overall, DooPrime presents a more comprehensive array of investment options for clients seeking extensive market engagement.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1042 |
| Forex Pairs (Total) | 60 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | Yes |
| Cryptocurrency (Derivative) | No | 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 evaluating the trading platforms of DooPrime and MultiBank, both brokers provide a range of options suitable for beginners and seasoned traders alike. Each offers free simulated trading through demo accounts, enabling users to practice without financial risk. Both brokers present proprietary trading platforms along with popular options like MetaTrader 4 and 5, accessible via Windows-based desktop and web-based interfaces. Additionally, users can engage with copy trading features on both platforms, although neither supports third-party tools like DupliTrade or ZuluTrade. While charting capabilities are strong in both, DooPrime offers 15 drawing tools, whereas MultiBank provides 17, alongside the ability to trade directly from charts and customizable watch lists with seven columns.
Both DooPrime and MultiBank have earned a solid four-star rating for their trading platforms and tools, showcasing dependable offerings tailored to diverse trading needs. However, a closer analysis of rankings by ForexBrokers.com reveals DooPrime carries an edge, securing the 25th spot compared to MultiBank's 39th among 63 brokers. This indicates that while both brokers are praised for their platforms, DooPrime might be seen as having a slight advantage in this competitive field.
| Feature |
DooPrime
|
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 | No | 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.
Both DooPrime and MultiBank offer iPhone and Android apps, ensuring accessibility for users on the go. These mobile apps are equipped with essential features like stock and forex price alerts, the ability to draw trendlines, and time frame viewing options such as daily or intraday charts. Additionally, both apps provide 30 technical studies for charting, and they conveniently auto-save any drawings on charts. Users can create watchlists with real-time quotes to keep track of their favorite stocks or currencies, though both platforms lack watchlist syncing between the mobile app and online accounts.
In terms of user ratings and rankings, both DooPrime and MultiBank score an impressive four out of five stars for their mobile trading apps. However, according to ForexBrokers.com, DooPrime holds a stronger position, ranking at #25 out of 63 brokers, while MultiBank follows at #41. Despite these differences, both brokers deliver powerful mobile platforms designed to meet the needs of traders seeking flexibility and in-depth market analysis capabilities.
| Feature |
DooPrime
|
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 it comes to market research offerings, both DooPrime and MultiBank provide forex news from highly respected sources like Bloomberg and Reuters. However, DooPrime distinguishes itself by also providing daily market commentary and utilizing tools from Trading Central, offering more comprehensive technical analysis options. In contrast, MultiBank does not offer these specific services or tools, which may impact traders who rely heavily on daily commentary and advanced technical analytics for their strategies. Both platforms include an economic calendar to keep users informed of significant global economic events, ensuring traders are aware of potential market-moving news.
Overall, DooPrime's market research capabilities have earned it a four-star rating, placing it 29th out of 63 brokers on ForexBrokers.com. Meanwhile, MultiBank has secured a 3.5-star rating in the same category, ranking 49th. This positioning reflects DooPrime's broader array of tools and insights, which could be more appealing for traders seeking in-depth research support. Hence, those looking for a broker with stronger research features might find DooPrime to be a more suitable choice over MultiBank.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | 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 to beginners, DooPrime and MultiBank both offer a good selection of materials aimed at helping new traders understand forex and CFDs. Each platform provides over ten educational pieces, including articles and videos, dedicated to these trading topics. Additionally, both brokers deliver beginner-friendly educational videos focused on essential trading concepts. However, when it comes to advanced learning for seasoned traders, DooPrime stands out by offering more than ten advanced educational videos, surpassing what MultiBank provides.
While neither broker offers online educational webinars or a searchable archive of past sessions, there are distinct differences in their overall education offerings. DooPrime boasts a slightly higher rating of 4 stars for education compared to MultiBank's 3.5 stars. The brokers’ ranks on ForexBrokers.com also reflect this difference, with DooPrime placed at 25 out of 63, significantly ahead of MultiBank, which is ranked at 50. Although neither offers an investor dictionary, DooPrime's broader array of advanced educational content gives it an edge for those eager to delve deeper into the trading world.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that DooPrime is better than MultiBank. DooPrime finished with an overall rank of #28, while MultiBank finished with an overall rank of #40.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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MultiBank
|
|---|---|---|
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| Trust Score | 83 | 84 |
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When comparing online brokers DooPrime and MultiBank in terms of cryptocurrency offerings, DooPrime does not provide the ability to buy either actual delivered cryptocurrency or cryptocurrency derivatives, while MultiBank offers the ability to purchase both actual delivered cryptocurrency and cryptocurrency derivatives.
When comparing online brokers DooPrime and MultiBank, DooPrime lacks ACH or SEPA transfer options for deposits and withdrawals, unlike MultiBank, but provides PayPal and Skrill as payment methods, which MultiBank does not support with PayPal, while both brokers accept Skrill, Visa, Mastercard, and bank wire transfers.
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 | DooPrime | MultiBank | |
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| Trust Score | 83 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | DooPrime | MultiBank | |
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| Regulation | DooPrime | MultiBank | |
|---|---|---|---|
| Trust Score | 83 | 84 | |
| Year Founded | 2014 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | DooPrime | 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 | DooPrime | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1042 | |
| Forex Pairs (Total) | 60 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | Yes | |
| Cryptocurrency (Derivative) | No | 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 | DooPrime | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | DooPrime | 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 | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | 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 | DooPrime | 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 | DooPrime | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | 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 | MultiBank Review |
| Overall | DooPrime | MultiBank | |
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| Trust Score | 83 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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