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.
Founded in 2007, eToro is an online broker that is not publicly traded nor operates as a bank. It holds significant regulatory credentials, with three Tier-1 licenses and one Tier-2 license, reflecting a solid foundation of trust. Rated by ForexBrokers.com, eToro enjoys a high Trust Score of 93 out of 99, signaling it as a highly trusted broker.
On the other hand, MultiBank, established in 2005, also operates without public trading status and is not a bank. It matches eToro in terms of regulatory strength with three Tier-1 licenses and one Tier-2 license. However, it holds a ForexBrokers.com Trust Score of 84 out of 99, placing it in the trusted category, albeit slightly below eToro's high trust rating.
| Feature |
eToro
|
MultiBank
|
|---|---|---|
| Year Founded | 2007 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
eToro, rated 4.5 stars, ranks #22 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com. As a market-maker broker, eToro's typical variable spread for EUR/USD is 1 pip, which is slightly above the industry average. Although its spreads are not the most competitive, eToro stands out for its unique social copy trading platform. The broker also offers a VIP Club with five membership tiers—from Silver to Diamond—offering benefits like access to Trading Central and reduced withdrawal and deposit fees, catering to traders with balances ranging from $5,000 to $250,000.
MultiBank, with a 4-star rating, is ranked #37 out of 62 brokers for its commissions and fees. MultiBank provides three account types: Standard, Pro, and ECN, each having distinct deposit requirements and spreads. The Standard account, with its $50 minimum deposit, comes with higher spreads, making it less appealing for anyone beyond a novice trader. MultiBank's Pro account requires a $1,000 minimum deposit and offers lower spreads, while the ECN account, with a $10,000 minimum deposit, provides the smallest spreads paired with a $3 commission per trade.
For those examining non-trading costs, MultiBank charges a $60 monthly inactivity fee for accounts inactive for more than 90 days. When choosing between eToro and MultiBank, traders should weigh the benefits of eToro's social trading features and VIP perks against MultiBank's diverse account options and fee structures. Both brokers present distinctive offerings tailored to different trader preferences 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 range of investments, eToro and MultiBank are both strong contenders, yet they cater to slightly different trading preferences. eToro stands out with a vast selection of 5,461 tradeable symbols, overshadowing MultiBank's 1,042. For investors interested in forex trading, eToro provides a more extensive range of options with 55 tradeable forex pairs compared to MultiBank's 40 pairs. Notably, eToro supports trading of exchange-traded securities on U.S. and international exchanges, allowing clients to invest directly in companies like Apple and Vodafone. In contrast, MultiBank does not offer direct trading in exchange-traded securities from these markets.
Both platforms accommodate copy trading and provide the ability to buy actual cryptocurrencies as well as cryptocurrency derivatives. However, eToro's comprehensive offerings have earned it a higher rating of 5 stars for its range of investments, while MultiBank is rated at 4 stars. In a comparison by ForexBrokers.com, eToro ranks as the 10th best out of 62 brokers for investment variety, whereas MultiBank lands the 37th position. For traders seeking a broader spectrum of trading instruments and direct access to global exchanges, eToro appears to be the more favorable option.
| 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's trading platforms and tools, both brokers present unique features that cater to diverse trading needs. eToro, known for its popular social trading environment, provides a proprietary platform that doesn't require a Windows desktop download but is accessible via web browsers. It stands out with its free virtual demo account and an exceptional array of 161 drawing tools, making it appealing for budding traders and tech-savvy users. While eToro doesn't support MetaTrader 4 or 5, it excels in offering copy trading and maintains a high platform rating of 4.5 stars. It ranks impressively at #8 of 62 brokers for its trading tools.
In comparison, MultiBank offers a more traditional setup with support for both MetaTrader 4 and 5, alongside its in-house platform. This broker appeals to those who prefer a desktop application but also provides a web-based platform for flexibility. MultiBank also provides a virtual demo account and includes an option for trading directly from stock charts. Although it has fewer drawing tools than eToro, it offers more columns for watch lists and provides a well-rounded trading experience. MultiBank holds a respectable 4-star rating and is ranked #39 among trading platforms, showcasing its effective, if slightly less innovative, approach.
| 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 it comes to mobile trading apps, both eToro and MultiBank cater to iPhone and Android users, offering applications on both platforms. They also provide stock and forex price alerts, ensuring traders are well-informed on market movements. While both platforms support the creation of watchlists with real-time quotes, only eToro allows for seamless syncing with the online account, which means changes made on the app get automatically updated online and vice versa. For chart enthusiasts, eToro provides an impressive 104 technical studies, while MultiBank offers 30. However, if drawing trendlines is essential, MultiBank gives users the ability to do so, unlike eToro, which lacks this feature.
Both eToro and MultiBank allow users to switch between various time frames for stock or forex charts, such as daily or weekly views. It's worth noting that while MultiBank's app automatically saves chart drawings, eToro's does not. In terms of ratings, eToro shines slightly brighter with a 4.5-star rating, compared to MultiBank's 4 stars. When ranked by ForexBrokers.com, eToro stands at a commendable 10th place among 62 brokers for mobile trading apps, while MultiBank sits at 41st. This reflects eToro's broader and more integrated features, making it a preferred choice for many mobile traders.
| 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 comparing eToro and MultiBank for market research capabilities, eToro stands out as a more comprehensive option for traders seeking daily insights. eToro provides daily market commentary, a sentiment-based trading tool, and market research from TipRanks, making it a valuable resource for those who like to stay on top of market trends. It also integrates with Trading Central to offer technical analysis tools like Technical Analytics, giving users an edge in understanding market movements. Additionally, eToro includes an economic calendar to keep traders informed of upcoming global news events.
In contrast, MultiBank does not offer daily market commentary or sentiment-based tools, and it lacks integration with trading tools like Trading Central. However, it compensates by providing forex news from top-tier sources such as Bloomberg and Reuters, which enhances its information base. While both platforms offer an economic calendar, eToro delivers a more rounded research experience with its diverse toolset. As per ForexBrokers.com ratings, eToro scores 4.5 stars and ranks 13th out of 62 brokers for research, while MultiBank scores 3.5 stars and ranks 49th. This indicates that eToro is generally seen as a more robust choice for those prioritizing market research in their trading activities.
| 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 newbies, eToro stands out as a strong contender for those eager to learn about trading. With a comprehensive collection of over ten educational pieces such as articles, videos, and archived webinars, beginners can dive deep into the world of forex and CFDs. eToro actively engages users by hosting monthly live webinars, which are then conveniently archived for later viewing. What's more, eToro offers a wide array of beginner-friendly videos that cover essential trading topics, making it easier for newcomers to grasp the basics. The platform also caters to more advanced traders with an extensive series of advanced educational videos and provides a user-friendly investor dictionary, brimming with key investment terms and definitions.
On the other hand, MultiBank, while offering basic educational materials on forex and CFDs, lacks in several key areas when compared to eToro's offerings. MultiBank does not conduct regular monthly webinars or maintain a searchable archive of past sessions, which could be a setback for those preferring live sessions and accessible learning materials. Additionally, while the firm provides beginner educational videos, it falls short in advanced content and lacks a detailed investor dictionary. This disparity is reflected in their educational ratings, with eToro receiving 4.5 stars and ranking 5th out of 62 brokers on ForexBrokers.com, whereas MultiBank receives a 3.5-star rating and ranks 50th in the same category. This comparison illustrates eToro's commitment to nurturing its traders’ journey across different skill levels, while MultiBank offers a more basic educational experience.
| 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 62 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 | 93 | 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 | 93 | 84 | |
| Winner | check_circle | ||
| Review | eToro Review | MultiBank Review |
| Broker Screenshots | eToro | MultiBank | |
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| Regulation | eToro | MultiBank | |
|---|---|---|---|
| Trust Score | 93 | 84 | |
| Year Founded | 2007 | 2005 | |
| Publicly Traded (Listed) | No | 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 | 93 | 84 | |
| Winner | check_circle | ||
| Review | eToro Review | MultiBank Review |
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