Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro and MultiBank are two well-known online brokers, each with its own strengths in the financial world. eToro, founded in 2007, stands out as a publicly traded company with a Trust Score of 96, marking it as highly trusted. While it holds three Tier-1 licenses and one Tier-2 license, it's not a bank. This regulatory framework ensures a secure trading environment, ideal for those seeking reliability in online trading.
MultiBank, established in 2005, is not publicly listed, yet it maintains a reputable position with a Trust Score of 84, categorizing it as trusted. Like eToro, it operates with three Tier-1 licenses and one Tier-2 license. Although not a bank, MultiBank's regulatory structure provides a solid foundation for trust, appealing to traders who prioritize security alongside service experience.
| Feature |
eToro
|
MultiBank
|
|---|---|---|
| Year Founded | 2007 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
If keeping trading costs low is your priority, here’s how eToro and MultiBank compare on commissions and fees. eToro: 4.5/5 stars, ranked #23 out of 63. MultiBank: 4/5 stars, ranked #39 out of 63. eToro is a market-maker with a typical EUR/USD spread around 1 pip, which is slightly above the industry average; most traders choose eToro for its social copy trading rather than its spreads.
MultiBank offers three pricing setups: Standard (minimum $50 deposit, higher spreads), Pro (minimum $1,000 with lower spreads), and ECN (minimum $10,000 with the lowest spreads plus a small $3 round-trip commission per trade). Keep an eye on non-trading costs: there’s an inactivity fee of $60 per month after 90 days without trading activity.
For frequent traders, MultiBank’s Pro or ECN accounts can deliver tighter pricing than eToro’s typical spread, but they require larger deposits and the ECN adds a commission. eToro counters with its eToro Club, a five-tier VIP program (Silver to Diamond) for balances from $5,000 to $250,000 that unlocks perks such as access to Trading Central, discounted withdrawal and deposit fees, and a dedicated account manager.
| Feature |
eToro
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $50 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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 eToro and MultiBank for range of investments, eToro offers far more choice. eToro lists 5,461 tradeable symbols and 55 forex pairs, while MultiBank has 1,042 symbols and 40 forex pairs. Both brokers let you trade forex as CFDs or spot, and both support copy trading.
eToro also allows you to buy exchange-traded stocks directly on U.S. and international markets, while MultiBank does not offer real, exchange-traded shares. For crypto, both brokers provide access to actual cryptocurrencies as well as crypto derivatives. Reflecting the broader selection, eToro holds a 5-star rating and ranks #11 out of 63 for Range of Investments at ForexBrokers.com; MultiBank earns 4 stars and ranks #38.
| Feature |
eToro
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 1042 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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.
eToro and MultiBank both provide free paper trading demo accounts, in-house (proprietary) platforms, web-based trading, and copy trading. The big split is platform access: eToro does not offer a Windows desktop download, while MultiBank does. MultiBank also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5); eToro offers neither. Neither broker integrates DupliTrade or ZuluTrade. If you want a simple web experience with social features, eToro fits well; if you need a Windows platform and the MetaTrader suite, MultiBank is the better match.
In charting and tools, eToro includes many more drawing tools (161 vs 17), while MultiBank lets you trade directly from the chart and gives one extra watchlist field (7 vs 6). The number of built-in technical indicators isn’t specified for either. In third-party ratings of trading platforms and tools by ForexBrokers.com, eToro scores 4.5 stars and ranks #8 out of 63 brokers, versus MultiBank’s 4 stars and #40. Choose eToro for extensive on-chart drawing and easy web-based copy trading, or pick MultiBank if you want MT4/MT5, a Windows desktop platform, and trade-from-chart capability.
| Feature |
eToro
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 38 |
| Charting - Drawing Tools (Total) | 161 | 17 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and MultiBank both offer mobile trading apps for iPhone and Android, complete with price alerts, real-time quotes on watchlists, and multiple chart time frames for stocks and forex. Where they start to differ is convenience and recognition: eToro syncs watchlists across mobile and web, is rated 4.5 out of 5 stars, and ranks #10 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while MultiBank does not sync watchlists, is rated 4 stars, and ranks #42.
Charting tools show a split in priorities. eToro supplies a large set of 104 technical studies but doesn’t support drawing trendlines or auto-saving drawings. MultiBank offers 30 technical studies yet supports drawing trendlines and auto-saving your chart annotations. In short, pick eToro if you want a higher-rated app with extensive indicators and watchlist syncing, or choose MultiBank if you care more about drawing tools and saving your chart work on the go.
| Feature |
eToro
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research, eToro packs in daily market commentary, Trading Central analytics, a sentiment tool that shows long vs. short positioning, TipRanks insights, and an economic calendar. It does not stream forex news from Bloomberg, Reuters, or Dow Jones. MultiBank flips that script: it offers top-tier forex news and an economic calendar, but lacks daily commentary, Trading Central tools, a sentiment gauge, TipRanks, and Autochartist. Neither broker integrates Autochartist. eToro doesn’t include Acuity Trading, and MultiBank’s use of Acuity Trading isn’t specified.
For ratings, eToro scores 4.5/5 for Research and ranks #13 out of 63 brokers on ForexBrokers.com, while MultiBank scores 3.5/5 and ranks #50. In short, pick eToro if you want built-in tools and commentary; choose MultiBank if headline news feeds are your priority.
| Feature |
eToro
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both eToro and MultiBank offer a solid foundation with a variety of materials such as articles, videos, and archived webinars focused on forex and CFDs. However, eToro stands out by providing monthly online webinars, which MultiBank does not offer. This regular online interaction can be key for beginners seeking live educational experiences and personalized guidance. Furthermore, eToro offers a searchable archive of past webinars, a feature not available from MultiBank, allowing learners to revisit and absorb information at their own pace.
For those at the beginning of their trading journey, eToro also provides a comprehensive selection of beginner-focused videos covering fundamental trading topics, in addition to more advanced resources for experienced traders. MultiBank shares the availability of beginner videos but lacks the advanced video content. Another helpful tool for eToro users is their investor dictionary, which contains over 50 investing terms, giving newcomers a better grip on financial jargon. This extensive resource disparity contributes to eToro's higher educational rating of 4.5 out of 5 stars, compared to MultiBank's 3.5 stars, and its stronger ranking of #5 versus MultiBank's #50 in the ForexBrokers.com education category.
| Feature |
eToro
|
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 63 of the best forex brokers, our research and account testing finds that eToro is better than MultiBank. eToro finished with an overall rank of #9, while MultiBank finished with an overall rank of #40.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 84 |
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When comparing eToro and MultiBank, both online brokers offer the capability to buy actual delivered cryptocurrency as well as cryptocurrency derivatives, providing versatile options for cryptocurrency investment and trading.
When comparing online brokers eToro and MultiBank, both offer ACH or SEPA transfers, Skrill, Visa or Mastercard, and bank wires for depositing and withdrawing account funds, but eToro uniquely provides the option to use PayPal, which MultiBank does not.
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 | eToro | MultiBank | |
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| Trust Score | 96 | 84 | |
| Winner | check_circle | ||
| Review | eToro Review | MultiBank Review |
| Broker Screenshots | eToro | MultiBank | |
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| Regulation | eToro | MultiBank | |
|---|---|---|---|
| Trust Score | 96 | 84 | |
| Year Founded | 2007 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | eToro | 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) | |||
| 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | eToro | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 1042 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | Yes | Yes |
| Trading Platforms | eToro | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 38 | |
| Charting - Drawing Tools (Total) | 161 | 17 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | eToro | 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 | eToro Review | MultiBank Review |
| Overall | eToro | MultiBank | |
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| Trust Score | 96 | 84 | |
| Winner | check_circle | ||
| Review | eToro Review | MultiBank Review |
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