MultiBank FX vs eToro

MultiBank FX vs eToro Comparison Table 2023
MultiBank FX	eToro
Review 4.7	Review 4.1
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.	eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.
	76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Bonus Offer
20% deposit bonus
Comment by Reviewer
"MultiBank FX is a great option for active forex traders with 55 currency pairs, spreads from 0.0 pips and high leverage up to 1:500."	"eToro is a great pick for traders who want to trade CFDs with copy trading and other social investing features. The brand is hugely respected with a string of awards and strong regulatory oversight."
Pros
24/7 multilingual customer support available across all accounts Renowned MT4 and MT5 platforms, plus proprietary solutions and social trading Vast range of local payment methods with fast withdrawals within 24 hours Global presence with 10+ regulatory licenses, including ASIC (Australia) and MAS (Singapore) MAM, PAMM and FIX API access for high-volume or pro traders, plus EAs and VPS hosting for algorithmic trading	25M+ user community Interest up to 5.35% on idle funds Industry-leading copy trading app Commission-free stock trading Islamic/Halal-friendly account Good user reviews and app rankings Low minimum deposit requirement Multiple orders including take profits Digital wallet with multiple currencies Trustworthy and award-winning company Comprehensive online training academy Demo account with access to virtual funds
Cons
$5,000 minimum deposit required to access ECN spreads Average education and market research $60 monthly inactivity fee	Fee to withdraw revenue Limited contact methods No guaranteed stop loss No MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms Currency conversion fees for account denominations other than USD
Awards
Best Gold Broker 2023 - FX Empire Best Forex Broker 2023 - Fintech & Crypto Summit Bahrain Chairman Of The Year 2023 - Le Fonti Awards Dubai Leading Financial Derivatives Institution 2023 - Le Fonti Awards Dubai The Most Trusted Broker In The Middle East 2023 - Ultimate Fintech Best Broker Of The Year 2022 - Traders Union Best Globally Recognized Forex Broker 2022 - Forex Expo Dubai Best Crypto Broker Asia & Europe 2022 - Global Brands Magazine Best Financial Derivatives Broker Asia & Europe 2022 - Global Brands Magazine Best Global Broker 2022 - Pan Finance Best Global Forex Chairman Of The Year 2022 - Global Business Review Magazine Best New Global Asset Digital Exchange - MultiBank Crypto Exchange 2022 - Global Business Review Magazine The 50 Most Influential Figures In Global Financial Markets 2022 - Forex Traders Summit Dubai Best Global Crypto Broker 2021 - Forex Expo Dubai Bets Global Broker 2021 - Finance Magnates Best Broker MENA 2021 - Finance Magnates Best Broker Africa 2021 - Finance Magnates Best Broker LATAM 2021 - Finance Magnates Most Trusted Global Broker 2021 - Global Business Review Magazine The 50 Most Influential Figures In Global Financial Markets 2021 - Forex Traders Summit Dubai Best FX Service Provider 2020 - International Business Magazine Best FX Customer Service 2020 - Forex Awards Best Apac Region Broker 2020 - International Financial Awards Best Forex & CFD Broker 2019 - Jordan Forex & Expo Awards Financial Services Provider of the Year Asia 2019 - Global Brands Magazine Best Forex Trading Platform Hong Kong 2018 - International Finance Magazine	Best of Show Award 2012 - Finovate Europe Most Innovative Trading Platform 2010 - World Finance Awards Best Trading Software 2011 - World Finance Awards
Instruments
Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies	Crypto
Demo Account
Yes	Yes
Minimum Deposit
$50	$10
Trading Platforms
MT4 MT5 cTrader	TradingCentral
Payment Methods
Credit Card GlobePay Mastercard Neteller Perfect Money Skrill Swift Visa Wire Transfer	Debit Card iDeal Klarna Neteller POLi Rapid Transfer Skrill Sofort Swift Visa Wire Transfer
Minimum Trade
0.1 Lots	$10
Regulator
SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC	FCA, ASIC, CySEC, FSA
Margin Trading
No	Yes
Margin Rate
	1%
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
Yes	iOS, Android & Windows
Auto Trading
Yes (APIs)	Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
Yes	Yes
Copy Trading Platform
Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Build a diverse portfolio while learning from experienced investors and saving time on market research.	One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
Yes	Yes
Account Currencies
	USD
Stock Exchanges
	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Tokyo Commodity Exchange Taiwan Stock Exchange
Commodities
Cocoa Coffee Copper Corn Gold Oil Silver Soybeans	Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Iron Lead Lithium Livestock Nickel Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
Access thousands of CFDs with competitive pricing and leverage up to 1:500. A range of asset classes are available, including currencies, shares, indices, metals and commodities. CFDs can be traded on the market-leading MetaTrader platforms.	Trade CFDs on over 3,000 assets and enjoy rich market data through integrated TradingView charts. There is also comprehensive free learning tools via the eToro Academy, ideal for beginners. Fees are low and leverage is in line with regulatory requirements, helping to provide a secure trading environment.
Leverage
1:500
FTSE Spread
Not offered	1.5 pt
GBPUSD Spread
0.8	2 pips
Oil Spread
0.03	5 pts
Stocks Spread
Variable	0.24% Var
Forex Trading
MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted.	An impressive selection of 52 currencies are tradeable on eToro's proprietary platform and app. Traders can also continuously hone their forex strategies by switching between demo mode and their live account any time.
Forex App
	eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
GBPUSD Spread
0.8	2 pips
EURUSD Spread
0.3	1.5 pips
EURGBP Spread
0.8	1.5 pips
Assets
45+	49
Currency Indices
	USD
Cryptocurrency
Trade a selection of the top cryptos against the US Dollar, including Bitcoin, Polkadot and Stellar with 50% leverage. Traders also benefit from fast execution speeds of	eToro leads the way in cryptocurrency trading. The lowest spreads (from 1% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Don’t invest unless you’re prepared to lose all the money you invest.
Spread
Floating	BTC 1%, ETH 2%
Coins
BTC LTC ETH XRP	BTC ETH BCH XRP DASH LTC ETC ADA MIOTA XLM EOS NEO ZEC BNB VET
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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