Written by ForexBrokers.com
In this head to head comparison of DooPrime 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.
DooPrime and MultiBank are two established online brokers, with DooPrime founded in 2014 and MultiBank in 2005. Neither company is a bank or publicly traded. Despite their shared characteristics, their regulatory footprints show differences. DooPrime maintains 4 Tier-1 licenses while MultiBank holds 3, indicating a high level of regulatory oversight for both. However, when it comes to Tier-2 licenses, MultiBank has an additional level of trust with one license, whereas DooPrime holds none.
When evaluating overall trust, ForexBrokers.com gives DooPrime a Trust Score of 83 and MultiBank a slightly higher score of 84, meaning both are considered trusted brokers. These scores suggest that both firms operate with a considerable degree of trust, although MultiBank edges out slightly in the ratings. This information can guide potential investors in making informed decisions based on regulatory compliance and trustworthiness.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Year Founded | 2014 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 3 |
When comparing online brokers DooPrime and MultiBank based on their commissions and fees, there are notable differences to consider. DooPrime currently lacks available data regarding average spread information, making it challenging to gauge its cost-effectiveness from trading spreads alone. However, DooPrime has received a rating of 3 out of 5 stars in the commissions and fees category from ForexBrokers.com, and it ranks #58 out of 62 brokers, indicating room for improvement in this area.
On the other hand, MultiBank offers a more diversified fee structure with three account types: Standard, Pro, and ECN. The Standard account requires a modest $50 minimum deposit, yet it comes with relatively higher spreads, making it less favorable unless you're new to trading. MultiBank’s Pro account demands a $1,000 minimum deposit and presents lower spreads, while the ECN account, designed for more substantial trades, offers the lowest spreads but requires a $10,000 deposit, paired with a $3 round-trip trade commission. Additionally, MultiBank imposes an inactivity fee of $60 per month if no trading occurs in an account for 90 days.
Overall, MultiBank receives a higher rating of 4 out of 5 stars for its commissions and fees, demonstrating a more competitive edge. In terms of rankings, MultiBank stands at #37 out of 62 brokers in the category according to ForexBrokers.com, making it a more attractive option compared to DooPrime for traders prioritizing cost-effectiveness.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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 evaluating the range of investments offered by online brokers, DooPrime and MultiBank present distinct options for traders. DooPrime stands out with a vast selection of 10,000 tradeable symbols, encompassing 60 forex pairs and providing access to exchange-traded securities on both U.S. and international markets. This gives investors the ability to directly purchase shares like Apple and Vodafone. Additionally, DooPrime offers copy trading, allowing users to mirror successful trading strategies. However, it lacks options for buying actual or derivative cryptocurrencies. As a result, it earns a solid 5-star rating in the Range of Investments category, ranking 12th out of 62 brokers according to ForexBrokers.com.
On the other hand, MultiBank provides a narrower range of 1,042 tradeable symbols, including 40 forex pairs. Unlike DooPrime, it does not offer exchange-traded securities from the U.S. or international exchanges. Nevertheless, MultiBank does allow for both actual cryptocurrency purchases and trading of cryptocurrency derivatives, catering to those interested in digital assets. Copy trading is also available with this broker. These offerings enable MultiBank to receive a 4-star rating for its investment options, securing the 37th rank in the Range of Investments category among 62 brokers as assessed by ForexBrokers.com.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1042 |
| Forex Pairs (Total) | 60 | 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) | No | Yes |
| Cryptocurrency (Derivative) | No | 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 offered by DooPrime and MultiBank, both brokers ensure a diverse experience for traders of all levels. They both provide simulated trading options with free virtual demo accounts, allowing newcomers to practice without financial risk. In terms of platform variety, both companies offer proprietary in-house platforms, alongside popular third-party platforms like MetaTrader 4 and MetaTrader 5. For those who prefer flexibility, both brokers provide Windows-based desktop platforms and web-based browser platforms as well.
Traders seeking additional functionality will appreciate the copy trading services offered by both DooPrime and MultiBank, although neither broker supports integration with services like DupliTrade or ZuluTrade. When it comes to charting tools, MultiBank slightly edges out DooPrime, offering 17 drawing tools compared to 15. Both brokers allow direct trading from a stock chart and provide seven columns for watch lists, ensuring efficient management of trading strategies. In terms of ratings, both brokers received four stars for their Trading Platforms and Tools, with DooPrime ranking slightly higher at #25 compared to MultiBank’s #39 by ForexBrokers.com.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 38 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both DooPrime and MultiBank offer mobile trading apps compatible with iPhone and Android devices, catering to traders on the go. Each app provides essential features like stock or forex price alerts and the ability to create watchlists with real-time quotes. Despite lacking in watchlist symbol syncing between mobile apps and online accounts, both platforms excel with their charting capabilities, offering 30 technical studies and tools to draw trendlines. Moreover, users can view multiple time frames and have their drawings auto-saved, adding convenience and flexibility to their trading experience.
In terms of user ratings, DooPrime and MultiBank both score four out of five stars for their mobile trading apps. However, when it comes to rankings, ForexBrokers.com positions DooPrime at #24 out of 62 brokers for mobile app performance, while MultiBank holds the #41 spot. This indicates a slight edge for DooPrime in terms of market reputation, although both platforms provide comparable functionality for mobile trading enthusiasts.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| 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 DooPrime and MultiBank for market research offerings, DooPrime stands out with its provision of daily market commentary and a suite of tools from Trading Central, such as Technical Analytics. Both brokers deliver forex news from top-tier sources like Bloomberg and Reuters, as well as comprehensive economic calendars to keep traders informed of global events. However, while DooPrime secures a higher research rating of 4 stars, MultiBank follows closely with a 3.5-star rating. Rankings by ForexBrokers.com position DooPrime at #29 out of 62 brokers for research, showcasing a stronger overall performance compared to MultiBank's #49 ranking.
Neither DooPrime nor MultiBank provides technical tools from Autochartist or offers sentiment-based trading tools and market research from TipRanks or Acuity Trading. This limited offering might influence traders seeking advanced technical analysis options. Despite this, DooPrime's advantage in technical analytics and consistent market commentary helps differentiate it as a preferred choice for those prioritizing research capabilities in selecting a broker.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | 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 DooPrime and MultiBank provide at least 10 educational pieces, including articles and videos, focused on forex or CFDs. This is a solid foundation for newcomers wanting to learn about the trading world. Each broker also offers at least 10 beginner-friendly educational videos, which further cater to those just starting in trading. Unfortunately, both DooPrime and MultiBank fall short in offering monthly online educational webinars or searchable archives of past webinars, which could further enhance the learning experience for their clients.
While DooPrime shines with additional offerings like advanced educational videos designed for experienced traders, MultiBank does not match this with equivalent content. Neither broker provides an investor dictionary to aid understanding of common investing terms. In terms of education ratings, DooPrime edges out with 4 stars and ranks at #24 among 62 brokers, while MultiBank is rated 3.5 stars and holds the #50 spot according to ForexBrokers.com. For beginners weighing these two options, DooPrime presents slightly more comprehensive educational resources.
| Feature |
DooPrime
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 DooPrime is better than MultiBank. DooPrime finished with an overall rank of #28, while MultiBank finished with an overall rank of #40.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
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MultiBank
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| Overall Rating |
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| Trust Score | 83 | 84 |
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When comparing online brokers DooPrime and MultiBank in terms of cryptocurrency offerings, DooPrime does not provide the ability to buy either actual delivered cryptocurrency or cryptocurrency derivatives, while MultiBank offers the ability to purchase both actual delivered cryptocurrency and cryptocurrency derivatives.
When comparing online brokers DooPrime and MultiBank, DooPrime lacks ACH or SEPA transfer options for deposits and withdrawals, unlike MultiBank, but provides PayPal and Skrill as payment methods, which MultiBank does not support with PayPal, while both brokers accept Skrill, Visa, Mastercard, and bank wire transfers.
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 | DooPrime | MultiBank | |
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| Trust Score | 83 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | DooPrime | MultiBank | |
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| Regulation | DooPrime | MultiBank | |
|---|---|---|---|
| Trust Score | 83 | 84 | |
| Year Founded | 2014 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 3 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | DooPrime | 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 | DooPrime | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1042 | |
| Forex Pairs (Total) | 60 | 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) | No | Yes | |
| Cryptocurrency (Derivative) | No | 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 | DooPrime | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | MultiBank | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | Yes |
| Trading Platforms | DooPrime | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| Charting - Drawing Tools (Total) | 15 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | MultiBank | |
|---|---|---|---|
| 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 | DooPrime | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | DooPrime | 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 | MultiBank Review |
| Overall | DooPrime | MultiBank | |
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| Trust Score | 83 | 84 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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