Written by ForexBrokers.com
In this head to head comparison of MultiBank vs RoboForex, 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.
When evaluating online brokers like MultiBank and RoboForex, regulatory licenses and trust scores play a pivotal role in determining their reliability. MultiBank, founded in 2005, holds three Tier-1 licenses and one Tier-2 license, giving it a strong regulatory standing. The broker boasts a Trust Score of 84 out of 99, categorizing it as a trusted entity, according to ForexBrokers.com ratings. In comparison, RoboForex, established in 2009, holds one Tier-1 license and no Tier-2 licenses. With a Trust Score of 73, RoboForex is deemed an average-risk option.
Neither MultiBank nor RoboForex is publicly traded on a stock exchange or operates as a bank, which are additional factors some investors might consider when weighing their options. MultiBank's superior regulatory footprint with more Tier-1 licenses may appeal to those looking for higher assurances of safety, whereas RoboForex could be more suitable for traders who are comfortable with its average-risk rating and prioritize other broker attributes such as trading conditions or specific product offerings.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When it comes to comparing MultiBank and RoboForex on their commissions and fees structures, both brokers present distinct options for traders at different experience levels. MultiBank offers three account types: Standard, Pro, and ECN. While the Standard account has a low minimum deposit of $50, it comes with higher spreads making it more suitable for newcomers. The Pro account, which requires a $1,000 deposit, offers lower spreads. Serious traders might prefer the ECN account, demanding a $10,000 deposit but delivering the lowest spreads accompanied by a modest $3 round-trip trade commission. For those who let their accounts linger without activity for over 90 days, MultiBank imposes a $60 monthly inactivity fee. Rated at 4 stars for commissions and fees, MultiBank is ranked #38 out of 63 brokers by ForexBrokers.com.
RoboForex, on the other hand, maintains average spreads of 1.3 pips for EUR/USD pairs on its Procent and Pro accounts, which may not appeal to traders focusing on cost-efficiency. Despite offering diverse account options, RoboForex doesn't quite catch up to MultiBank in terms of fee attractiveness. With a rating of 3.5 stars, RoboForex is positioned at #55 out of 63 brokers in the ForexBrokers.com ranking for commissions and fees.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
MultiBank and RoboForex both offer a wide array of investment opportunities, each providing forex trading through CFDs or spot contracts. MultiBank delivers a selection of 1,042 tradeable symbols, including 40 forex pairs, allowing for a diverse trading experience. RoboForex, while offering fewer forex pairs at 28, makes up for it with a massive portfolio of 8,400 tradeable symbols. Both brokers support copy trading, catering to those who prefer to mirror successful strategies. Additionally, MultiBank stands out by offering the purchase of actual cryptocurrencies, while both platforms allow trading of cryptocurrency derivatives.
When it comes to ratings and rankings, MultiBank scores 4 stars for its range of investments, while RoboForex edges ahead with a 4.5-star rating, indicating a slightly more favorable view. On the broader competitive scale, MultiBank holds the #37 spot for the range of investments on ForexBrokers.com, whereas RoboForex ranks higher at #20. Both platforms provide distinctive opportunities for traders, yet RoboForex’s extensive catalog of symbols may appeal to those seeking a wider variety of investment options.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 8400 |
| Forex Pairs (Total) | 40 | 28 |
| U.S. Stock Trading (Non CFD) | ||
| Int'l Stock Trading (Non CFD) | ||
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | 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 evaluating the trading platforms and tools of MultiBank and RoboForex, both brokers offer services that cater to a wide range of traders’ needs. Both MultiBank and RoboForex provide free virtual demo accounts, making it easy for newcomers to practice and experienced traders to refine strategies without any risk. MultiBank distinguishes itself by offering a proprietary platform developed in-house, in addition to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available across Windows desktops and web browsers. RoboForex also supports MT4 and MT5 along with trading via Windows and web-based platforms, making both brokers quite flexible for different trading styles. Both brokers include the ability for copy trading, allowing users to follow and replicate successful trading strategies from others.
Charting capabilities are an essential factor for platforms, and both MultiBank and RoboForex support trading directly from stock charts, offering a rich experience for active traders. While the number of technical indicators offered by each has not been specified, MultiBank provides traders with 17 drawing tools, slightly surpassing RoboForex’s 15 tools. Watch list customization is equally user-friendly for both brokers, offering 7 columns for personalized trading insights. When it comes to their overall Trading Platforms and Tools, both brokers are rated 4 stars, though MultiBank holds a slightly higher rank of 39 out of 63 brokers on ForexBrokers.com, compared to RoboForex’s rank of 43. Overall, both platforms offer comprehensive tools, with certain unique strengths that might appeal to different trading preferences.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | 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 | ||
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
MultiBank and RoboForex both offer comprehensive mobile trading apps for iPhone and Android users. Each app allows traders to stay on top of important market movements with features like stock and forex price alerts. Keeping your watchlist up to date is a breeze because both platforms offer the ability to sync symbols between their mobile apps and online accounts. Whether you prefer daily, weekly, or intraday data, both apps offer multiple time frames for chart analysis. Users can employ up to 30 technical studies and draw trendlines on charts, with the added convenience of auto-saving features for any annotations made.
Both MultiBank and RoboForex stand out with their capacity to create watchlists complete with real-time quotes, ensuring traders have the latest information at their fingertips. Each app has earned a respectable 4-star rating from users for its functionality and ease of use. Although both platforms rank closely for mobile trading apps on ForexBrokers.com, MultiBank has a slight edge, coming in at 41st out of 63 brokers, compared to RoboForex's 43rd position. Overall, either option provides a solid experience for mobile traders looking to manage their investments on the go.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | ||
| 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 comparing the market research offerings of MultiBank and RoboForex, aspiring traders will notice some unique features tailored to their needs. RoboForex provides daily market commentary, which is beneficial for those who like regular insights into market trends. Both brokers offer forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to credible and updated information. While MultiBank's collaboration with research tools from Trading Central is not specified, RoboForex takes the lead with access to these resources, enhancing their technical analysis capabilities. Furthermore, RoboForex also offers research tools from Acuity Trading, such as Signal Centre, providing an edge in market analysis.
Both brokers have economic calendars, showcasing global news events crucial for market decisions. Despite these similarities, their overall research ratings differ slightly in terms of rankings. MultiBank holds a 3.5-star rating for research and is ranked 49th out of 63 brokers by ForexBrokers.com, while RoboForex shares the same star rating but is ranked higher at 37th. This comparison highlights RoboForex's broader range of research tools, making it a favorable choice for traders seeking comprehensive market insights.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | ||
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | ||
| TipRanks | ||
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
MultiBank and RoboForex both offer educational resources to help beginners kickstart their trading journeys, but there are distinctions between them. MultiBank provides over ten educational pieces, including articles and videos focused on forex and CFDs. Additionally, they offer at least ten beginner-oriented trading videos tailored to newcomers. However, neither broker provides online educational webinars or a searchable archive of past webinars, which could be a valuable resource for ongoing learning and engagement.
While both brokers share the same education rating of 3.5 stars, MultiBank ranks higher at #50 compared to RoboForex's #56 in the Education category according to ForexBrokers.com. This indicates that while their offerings are somewhat comparable in quality, MultiBank slightly edges out RoboForex in educational ranking. For traders prioritizing educational content, this difference might be worth considering when choosing a broker.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | |
| Client Webinars | ||
| Client Webinars (Archived) | ||
| Videos - Beginner Trading Videos | Yes | |
| Videos - Advanced Trading Videos | ||
| Investor Dictionary (Glossary) |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that MultiBank is better than RoboForex. MultiBank finished with an overall rank of #40, while RoboForex finished with an overall rank of #46.
MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform suites (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. On the negative side, the broker’s market research offering is unimpressive and educational content is entirely absent; MultiBank’s poor performance in these important categories drags down its Overall rating.
| Feature |
MultiBank
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 73 |
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When comparing online brokers, MultiBank allows purchasing both actual cryptocurrencies and cryptocurrency derivatives, while RoboForex offers only cryptocurrency derivatives without the ability to buy actual delivered cryptocurrencies.
Both MultiBank and RoboForex offer a variety of deposit and withdrawal methods, including ACH, SEPA, Skrill, Visa, Mastercard, and bank wire transfers, but only RoboForex provides the option to use PayPal.
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 | MultiBank | RoboForex | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review | RoboForex Review |
| Broker Screenshots | MultiBank | RoboForex | |
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| Broker Gallery (click to expand) |
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| Regulation | MultiBank | RoboForex | |
|---|---|---|---|
| Trust Score | 84 | 73 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | |||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | MultiBank | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | MultiBank | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 8400 | |
| Forex Pairs (Total) | 40 | 28 | |
| U.S. Stock Trading (Non CFD) | |||
| Int'l Stock Trading (Non CFD) | |||
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | 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 | MultiBank | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| 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 | MultiBank | RoboForex | |
|---|---|---|---|
| Proprietary Platform | 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 | |||
| DupliTrade | |||
| ZuluTrade |
| Trading Tools | MultiBank | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | |||
| 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 | MultiBank | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | |||
| Trading Central (Recognia) | Yes | ||
| TipRanks | |||
| Social Sentiment - Currency Pairs | |||
| Economic Calendar | Yes | Yes |
| Education | MultiBank | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | ||
| Client Webinars | |||
| Client Webinars (Archived) | |||
| Videos - Beginner Trading Videos | Yes | ||
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) |
| Major Forex Pairs | MultiBank | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | MultiBank | RoboForex | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review | RoboForex Review |
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