multibank exchange group
Roboforex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
multibank exchange group was founded in 2015 and is headquartered in Cyprus, while Roboforex was established in 2009 and is based in Belize. multibank exchange group holds licences including Financial Conduct Authority (FCA), while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. multibank exchange group serves 10,000+ clients worldwide; Roboforex has 10,000+. The minimum deposit is $250 at multibank exchange group and $1 at Roboforex.
| Feature | multibank exchange group | Roboforex |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F282 | RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. |
| Founded | 2015 | 2009 |
| Country | Cyprus | Belize |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between multibank exchange group and Roboforex, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $250 at multibank exchange group). Roboforex charges withdrawal fees while multibank exchange group does not, giving multibank exchange group an edge for frequent withdrawers. multibank exchange group charges deposit fees; Roboforex does not. Overall, Roboforex scores higher on fees in our assessment.
| Feature | multibank exchange group | Roboforex |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
multibank exchange group offers MT4, MT5, cTrader, while Roboforex supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | multibank exchange group | Roboforex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how multibank exchange group and Roboforex compare. Roboforex runs regular live webinars; multibank exchange group does not. Both provide video tutorials. Roboforex publishes daily market commentary; multibank exchange group does not. Both integrate third-party research tools. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | multibank exchange group | Roboforex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. multibank exchange group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Roboforex supports 3 (bank transfer, credit/debit card, Neteller). multibank exchange group uniquely supports PayPal and Skrill among the two brokers. multibank exchange group scores higher on deposit and withdrawal flexibility.
| Feature | multibank exchange group | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both multibank exchange group and Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. multibank exchange group supports 8 languages and Roboforex supports 13, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | multibank exchange group | Roboforex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |