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 |
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 | 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.
MultiBank and RoboForex both deliver opportunities for forex trading through CFDs or spot contracts. RoboForex outshines MultiBank with an impressive selection of 8,400 tradeable symbols compared to MultiBank's 1,042. However, when it comes to forex pairs, MultiBank offers a wider choice with 40 pairs, while RoboForex provides 28. Both brokers lack the option to purchase exchange-traded securities on U.S. or international exchanges, meaning you can't directly buy shares of companies like Apple or Vodafone through them.
For those interested in diversifying their portfolio, both MultiBank and RoboForex support copy trading. However, if you're looking to dive into the cryptocurrency market, MultiBank allows you to buy actual delivered cryptocurrency, while RoboForex does not offer this feature, focusing instead on cryptocurrency derivatives. Despite RoboForex's wider range of tradeable symbols, MultiBank still offers a competitive and diverse range of investments, earning a 4-star rating, while RoboForex edges slightly ahead with a 4.5-star rating. According to ForexBrokers.com, RoboForex ranks higher at #20 out of 63 brokers in the Range of Investments category, compared to MultiBank's #37 ranking.
| 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, several noteworthy features come to light. Both brokers cater to new and experienced traders by offering simulated trading through free virtual demo accounts. MultiBank stands out with its proprietary platform developed in-house, while RoboForex relies exclusively on third-party platforms. Traders seeking flexibility will appreciate that both brokers provide Windows-based desktop apps and web-based platforms, ensuring accessibility from various devices.
Regarding advanced trading features, both MultiBank and RoboForex offer widely-used platforms like MetaTrader 4 and MetaTrader 5, and support copy trading for users who wish to mimic expert strategies. Charting tools are substantial, with MultiBank offering 17 drawing tools compared to RoboForex's 15, and both support trading directly from stock charts. Watch lists are equally detailed, providing seven columns each for customized viewing. Despite these similarities, their rankings differ slightly with MultiBank positioned 39th and RoboForex 43rd in ForexBrokers.com's Trading Platforms and Tools category, yet both receive a commendable rating of four stars.
| 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 offer iPhone and Android apps, accommodating traders who are on the go. Whether you're interested in stock or forex trading, each app provides essential features like price alerts and the ability to draw trendlines on charts. They both include the capability to view multiple time frames and auto-save drawings, giving you a seamless trading experience no matter where you are. Both platforms offer 30 technical studies for charting, allowing you to make informed decisions directly from your mobile device.
While both MultiBank and RoboForex allow users to create watchlists with real-time quotes, a noted limitation is their lack of watchlist symbol syncing between the mobile app and their online accounts, which could be a consideration for those who frequently switch devices. Despite these similarities, MultiBank slightly edges ahead with a ForexBrokers.com ranking of #41 compared to RoboForex's #43, yet both apps receive a solid four-star rating for their mobile trading capabilities. This positions them as strong contenders for traders seeking reliable mobile platforms.
| 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 the market research offerings of online brokers MultiBank and RoboForex, several key differences come to light. RoboForex stands out by providing daily market commentary, a comprehensive resource for traders looking to stay updated with regular insights; MultiBank does not offer this feature. Both brokers deliver forex news from reputable sources like Bloomberg and Reuters, ensuring traders have access to high-quality information. However, RoboForex gains an edge with Trading Central's technical analysis tools, although both brokers miss out on tools from Autochartist. Additionally, RoboForex provides resources from Acuity Trading, while MultiBank does not.
For traders seeking economic calendars to track global events, both RoboForex and MultiBank fulfill this need effectively. Despite these differences, both brokers are evenly rated at 3.5 stars for research. However, in the Research category ranking by ForexBrokers.com, RoboForex edges ahead at #37, while MultiBank is ranked #49. While both have strong offerings, RoboForex seems to provide a slightly more comprehensive research suite for traders looking to maximize their strategies.
| 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 comparing the educational resources for beginners, MultiBank clearly surpasses RoboForex by offering more comprehensive learning materials. MultiBank provides more than 10 educational pieces, including articles and videos focused primarily on forex and CFD trading. Additionally, it supplies over 10 beginner-centric trading videos which makes it a good starting point for new traders to build their knowledge base. On the other hand, RoboForex doesn't meet these offerings, as it lacks both a substantial number of educational pieces and beginner-focused videos.
Both brokers, however, share some shortcomings in their educational offerings. Neither MultiBank nor RoboForex conducts regular monthly webinars for their clients, and neither maintains a searchable archive of recorded sessions. Moreover, they both fall short when it comes to advanced educational videos and investor dictionaries. Despite these similarities, MultiBank's dedication to beginner education gives it a slight edge. Nevertheless, both brokers receive a 3.5-star rating for education. According to ForexBrokers.com, MultiBank ranks #50 and RoboForex ranks #56, indicating MultiBank's slightly stronger educational presence in the trading community.
| 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 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
|
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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