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 |
When comparing the commissions and fees of online brokers eToro and MultiBank, there are several factors to consider. eToro operates as a market-maker broker and typically features a variable spread of about 1 pip on the popular EUR/USD pair, which is slightly on the higher side compared to industry standards. Retail traders often choose eToro not for its low spreads but for its unique social copy trading capabilities and the perks of its VIP club, known as eToro Club. The club has five tiers from Silver to Diamond, offering benefits ranging from Trading Central access to discounted fees and personalized account management based on traders' account balances.
MultiBank caters to different trader levels with its three distinct account types: Standard, Pro, and ECN. The Standard account, with a modest minimum deposit requirement of $50, tends to have higher spreads, potentially making it more suitable for beginners. More experienced traders might prefer the Pro account, which requires a $1,000 minimum deposit and offers more competitive spreads. The ECN account provides the lowest available spreads, with a minimum deposit of $10,000 and a small commission fee of $3 per trade. However, users should note that MultiBank imposes a $60 monthly inactivity fee if an account remains inactive for 90 days.
In terms of ratings, eToro scores a commendable 4.5 stars for its commissions and fees and ranks #22 out of 63 brokers in the category according to ForexBrokers.com. On the other hand, MultiBank receives a slightly lower rating of 4 stars, placing it at #38 in the same ranking. Both brokers present unique advantages, tailored to different trading needs and experience levels.
| 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 it comes to the variety of investments available, eToro and MultiBank both offer a range of options, but they cater to slightly different trading preferences. eToro stands out with an impressive 5,461 tradeable symbols, including 55 forex pairs and a range of exchange-traded securities from both U.S. and international markets, allowing traders to invest in popular stocks like Apple and Vodafone directly. MultiBank, with 1,042 tradeable symbols and 40 forex pairs, does not offer direct access to exchange-traded U.S. or international securities. Both platforms support CFD trading and provide the ability to invest in actual cryptocurrencies and their derivatives. Additionally, investors can engage in copy trading on both eToro and MultiBank.
eToro is highly rated for its range of investments, earning 5 stars in this category and achieving the 10th spot among 63 brokers according to ForexBrokers.com. This broad offering makes eToro especially appealing for investors looking for diversity in their portfolio. Meanwhile, MultiBank holds a 4-star rating and ranks 37th, reflecting a more limited but still substantial selection of investment options. These differences underscore eToro’s broader market access and appeal to traders seeking expansive investment opportunities compared to MultiBank.
| 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.
When comparing eToro and MultiBank, both brokers provide useful trading platforms and tools, and each offers a free virtual demo account for practice. While both offer proprietary platforms, MultiBank stands out with its Windows-based desktop download trading platform, in addition to a web-based version similar to eToro's. Both platforms support copy trading, but MultiBank easily integrates with popular third-party trading systems such as MetaTrader 4 and 5, something eToro doesn't currently support. For visual trading aids, eToro offers a wider range of drawing tools, while MultiBank allows trading directly from stock charts, a feature eToro lacks. Both brokers bypass the need for DupliTrade and ZuluTrade integrations.
eToro's platform appears to have a slight edge in user preference and features, earning a higher rating of 4.5 out of 5 stars compared to MultiBank's 4 stars for their trading platforms and tools, according to ForexBrokers.com. eToro also ranks significantly higher in the Trading Platforms and Tools category, achieving the 8th position out of 63 brokers, whereas MultiBank holds the 39th position. Furthermore, eToro's watch lists include six columns, compared to MultiBank's seven, highlighting their dedication to detailed and feature-rich trading experiences. Overall, both platforms excel in different areas, making them suitable for diverse trading needs.
| 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.
When comparing the mobile trading apps of eToro and MultiBank, both offer strong solutions for iPhone and Android users seeking accessible trading on the go. eToro stands out with a more comprehensive range of 104 technical chart studies, in contrast to MultiBank, which provides 30. Additionally, eToro allows users to sync their watchlists seamlessly between the mobile app and their online accounts, ensuring smooth transitions and consistency with any updates or changes. MultiBank, however, excels in offering users the ability to draw trendlines and have drawings auto-save on stock or forex charts, which is not available on eToro's app.
Both apps offer stock or forex price alerts and the flexibility to view multiple different time frames on charts. eToro enables traders to create watchlists with real-time quotes, a feature also available with MultiBank. While eToro clinches a higher mobile trading app rating at 4.5 stars compared to MultiBank’s 4 stars, ForexBrokers.com ranks eToro at 10th place amongst 63 brokers, showing its strong performance in the category. In comparison, MultiBank holds the 41st position, reflecting room for improvement in this competitive market.
| 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.
When it comes to market research offerings, eToro and MultiBank present distinct advantages for traders, making them suitable for different preferences. eToro excels with its daily market commentary, providing traders with timely insights regularly. It is also equipped with Trading Central's technical analytics and sentiment-based trading tools that give users an edge in understanding market trends and potential investment moves. Investors can also benefit from exclusive insights through eToro’s partnership with TipRanks. Adding to its comprehensive suite of tools is an economic calendar that keeps traders informed about global financial events. Overall, these features contribute to eToro’s high research rating of 4.5 stars, placing it at 13th among 63 brokers on ForexBrokers.com.
On the other hand, MultiBank offers some valuable research features but lags behind in areas like daily commentary and exclusive tool offerings. While it does include forex news from top-tier sources such as Bloomberg and Reuters, this is offset by the absence of advanced tools from providers like Trading Central or sentiment-analysis capabilities. MultiBank does provide an economic calendar for global news events, yet its research features earn it a 3.5-star rating, positioning it 49th in the research category on ForexBrokers.com. This makes it a less favorable choice for those seeking comprehensive market research resources compared to eToro.
| 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 | 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
|
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) | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | 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 | 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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