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.
MultiBank, established in 2005, and RoboForex, founded in 2009, are both major players in the online brokerage space, though neither is publicly traded nor operates as a bank. When it comes to trust and regulation, MultiBank holds a more favorable position with its three Tier-1 licenses and a ForexBrokers.com Trust Score of 84, placing it in the "trusted" category. Meanwhile, RoboForex has one Tier-1 license and is considered at "average risk" with a Trust Score of 73.
While both brokers provide online trading services, MultiBank edges ahead in regulatory reputation due to its higher number of top-tier licenses and a more reassuring trust score. This greater regulatory oversight may appeal to those seeking a more regulated platform for their trading activities. In contrast, RoboForex, while also established and reliable, offers fewer regulatory assurances, which potential clients might weigh as they consider their online trading options.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
MultiBank and RoboForex offer different structures when it comes to commissions and fees in forex and CFD trading. MultiBank provides three account types: Standard, Pro, and ECN. The Standard account, with a $50 minimum deposit, features higher spreads, making it less attractive unless you're a beginner. The Pro account requires a $1,000 deposit but comes with reduced spreads. For traders ready to commit, the ECN account offers the lowest spreads and charges a reasonable $3 commission per trade, but it requires a steep $10,000 deposit. MultiBank also imposes an inactivity fee of $60 per month if no trading occurs for 90 days.
RoboForex, on the other hand, presents similar account options like Procent and Pro accounts, with average spreads of 1.3 pips for EUR/USD. However, this spread might appear high to some traders when compared to the offerings from competitors like MultiBank. Given the pricing dynamics and account variations, MultiBank generally emerges as the more favorable option in terms of cost, with a 4-star rating out of 5 for commissions and fees, while RoboForex receives a slightly lower rating of 3.5 stars.
Overall, in a comparison of 62 brokers reviewed by ForexBrokers.com, MultiBank ranks at #38 for its commissions and fees, reflecting its competitive pricing and structure, whereas RoboForex is positioned at #54 in the rankings. This indicates that while RoboForex provides viable services, MultiBank has a slight edge in this particular category, especially for traders focused on fee optimization.
| 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 | No | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing the investment options of MultiBank and RoboForex, both platforms offer forex trading opportunities through CFDs or spot contracts. MultiBank provides access to a total of 1042 tradeable symbols, exceeding RoboForex's varied offering of 8400. However, when it comes to traditional forex pairs, MultiBank has an advantage with 40 available pairs compared to RoboForex's 28. While both brokers do not allow direct trading of exchange-traded securities on U.S. or international exchanges, they both support copy trading features, catering to novice and experienced traders alike. In the cryptocurrency arena, MultiBank offers the ability to buy both actual cryptocurrencies and crypto derivatives, whereas RoboForex restricts clients to trading cryptocurrency derivatives only.
From the perspective of investment breadth, RoboForex edges out with a rating of 4.5 stars, slightly higher than MultiBank’s 4 stars. As per ForexBrokers.com rankings within the Range of Investments category, RoboForex holds a prominent position at #20 out of 62 brokers, signaling a strong investment platform. In contrast, MultiBank is positioned at #37, reflecting a competitive but slightly more limited offering in comparison. Both platforms provide various options for traders, yet RoboForex’s wider symbol availability and higher rating may appeal to those seeking diverse investment opportunities.
| 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) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| 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 the trading platforms and tools of MultiBank and RoboForex, both brokers offer a rich suite of features for traders. They each provide simulated (paper) trading through free virtual demo accounts, which is invaluable for beginners and experienced traders alike. While both brokers offer web-based and Windows-based desktop trading platforms and support popular MetaTrader 4 and MetaTrader 5 platforms, MultiBank distinguishes itself by offering a proprietary platform developed in-house. This may appeal to traders looking for a customized experience. In terms of charting capabilities, MultiBank provides 17 drawing tools compared to RoboForex's 15, though both offer the ability to trade directly from stock charts. Additionally, both brokers feature copy trading, but neither integrates with DupliTrade or ZuluTrade.
Further evaluating their trading tools, both MultiBank and RoboForex allow users to customize watch lists with seven columns, giving traders key metrics at their fingertips. Despite having similar offerings and both receiving a four-star rating for their trading platforms and tools, MultiBank slightly edges out RoboForex in ForexBrokers.com's rankings, placing 39th compared to RoboForex's 43rd out of 62 brokers analyzed. This marginal difference might influence traders considering which service offers a more comprehensive platform solution for their trading needs.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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) | 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.
When it comes to mobile trading, both MultiBank and RoboForex have user-friendly apps available for iPhone and Android devices. Each app supports essential features like stock and forex price alerts and the ability to draw trendlines and view multiple time frames on charts. Users of both platforms can enjoy a selection of 30 technical studies to enhance their trading strategies directly on their mobile devices. Moreover, these apps offer the convenience of creating watchlists with real-time quotes, although neither provides watchlist symbol syncing with the client’s online account.
Despite both being well-equipped for mobile trading, the two platforms receive a similar rating of four stars out of five, though with slight differences in their rankings. According to ForexBrokers.com, MultiBank takes the #41 spot among 62 brokers, while RoboForex follows closely behind at #43. This slight variance might not be significant enough to sway most users, particularly given the shared functionality across both mobile apps, making either a solid choice for traders seeking to stay informed and active while on the move.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| 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 comparing MultiBank and RoboForex, there are notable differences in their market research offerings. RoboForex stands out by providing daily market commentary, which is absent from MultiBank. Both brokers, however, keep their clients informed with forex news sourced from top-tier providers like Bloomberg and Reuters. RoboForex users benefit from additional tools from Trading Central, making it a stronger choice for those seeking detailed technical analysis. Furthermore, RoboForex offers resources from Acuity Trading, such as the Signal Centre, which MultiBank does not provide.
Both MultiBank and RoboForex feature economic calendars to help traders stay updated on global financial events. Despite their differences in available tools and commentary, both brokers receive a 3.5-star rating for research. Nevertheless, RoboForex holds a better overall position in the research category, ranking 37th out of 62 brokers, compared to MultiBank's position at 49th. These distinctions can guide prospective traders in selecting the broker that aligns with their research needs.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, MultiBank has a leg up on RoboForex. MultiBank offers over ten educational materials focused on forex and CFDs, such as articles and videos. This can be hugely beneficial for newcomers eager to learn the ins and outs of trading. In contrast, RoboForex falls short in this regard, without meeting the same educational content criteria. Both brokers do not provide live webinars or a searchable archive of past sessions, leaving users without access to these interactive learning opportunities.
For those specifically looking for instructional videos tailored for beginners, MultiBank shines again with a selection exceeding ten videos dedicated to foundational trading topics. Unfortunately, RoboForex does not offer a comparable collection for novice traders. Neither platform provides videos aimed at advanced traders or maintains an investor dictionary with definitions of essential terms. Despite these limitations, both MultiBank and RoboForex share the same education rating of 3.5 out of 5 stars. However, MultiBank ranks slightly higher at 50th out of 62 brokers, while RoboForex is positioned at 56th, offering a little more assurance to those seeking a solid educational start in trading.
| Feature |
MultiBank
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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
|
RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 73 |
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When comparing MultiBank and RoboForex, MultiBank allows investors to purchase actual delivered cryptocurrencies as well as cryptocurrency derivatives, whereas RoboForex only offers cryptocurrency derivatives but does not provide the option to buy actual cryptocurrencies.
Both MultiBank and RoboForex provide flexible funding options including ACH or SEPA transfers, Skrill, Visa, Mastercard, and bank wires; however, while RoboForex also supports PayPal transactions, 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 | 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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| Regulation | MultiBank | RoboForex | |
|---|---|---|---|
| Trust Score | 84 | 73 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| 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 | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | MultiBank | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| 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 | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | No | |
| 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 | 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 | 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 | MultiBank | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| 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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