Written by ForexBrokers.com
In this head to head comparison of MultiBank vs IFC Markets, 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 and IFC Markets are both online brokers established in the mid-2000s, with MultiBank founded in 2005 and IFC Markets in 2006. Neither broker is publicly traded nor operates as a bank. In terms of regulation, MultiBank holds three Tier-1 licenses, which are highly trusted, and one Tier-2 license, which is considered trusted. On the other hand, IFC Markets holds no Tier-1 licenses but does have one Tier-2 license. This difference reflects in their Trust Scores, with MultiBank achieving an 84 out of 99, indicating a trustworthy status, while IFC Markets scores a 73, placing it within the average risk category.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Year Founded | 2005 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
MultiBank’s commissions and fees depend on the account you choose. The Standard account has a low $50 minimum deposit but comes with higher spreads. The Pro account lowers spreads with a $1,000 minimum, while the ECN account offers the lowest spreads but requires a $10,000 minimum and adds a $3 round-trip commission per trade. Note the non-trading cost: a $60 monthly inactivity fee if your account is idle for 90 days. For commissions and fees, MultiBank is rated 4 out of 5 stars and ranks #39 out of 63 brokers (ForexBrokers.com).
IFC Markets posts an average EUR/USD spread of 1.44 pips, which is higher than the industry average of 1.08 pips. Its ECN account is more appealing for active traders, with effective spreads around 1.1 pips after factoring in a 0.005% commission on both sides of a trade. There’s no inactivity fee, and active trader discounts can further trim costs. For commissions and fees, IFC Markets is rated 4 out of 5 stars and ranks #40 out of 63 brokers (ForexBrokers.com).
In short, MultiBank can be cost-effective if you qualify for its ECN pricing, but its low-deposit Standard account carries wider spreads and there is an inactivity fee to watch. IFC Markets avoids inactivity fees and offers better pricing through its ECN for frequent traders, though its typical spreads are higher than average. Both earn 4-star commissions-and-fees ratings, with MultiBank holding a slightly higher category rank (#39) than IFC Markets (#40).
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $50 | $1 |
| Average Spread EUR/USD - Standard | N/A | 1.44 |
| All-in Cost EUR/USD - Active | N/A | 1.1 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
MultiBank vs IFC Markets: both brokers let you trade forex as CFDs or spot. MultiBank lists 1,042 tradeable symbols, topping IFC Markets’ 630, though IFC Markets offers more currency pairs (49 vs. 40). According to ForexBrokers.com, MultiBank earns 4.0 stars and ranks 38th of 63 for Range of Investments, while IFC Markets scores 3.5 stars and ranks 44th.
Outside forex, neither broker lets you buy U.S.-listed stocks directly, but IFC Markets does provide access to exchange-traded international shares, which MultiBank lacks. Both support copy trading. For crypto, MultiBank stands out by allowing purchases of actual coins alongside crypto derivatives; IFC Markets limits crypto to derivatives only. In short, choose MultiBank for a larger symbol list and the option to own crypto, or go with IFC Markets if you want a few more forex pairs and access to real international stocks (non-U.S.).
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 630 |
| Forex Pairs (Total) | 40 | 49 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
MultiBank and IFC Markets both check the key boxes for traders seeking flexible platforms and tools. Each broker offers a free demo (paper) trading account, a proprietary platform, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on Windows desktop or through a web-based platform with either broker, and both support copy trading. Neither integrates DupliTrade or ZuluTrade. For charting, both let you place trades directly from charts, which helps streamline order execution.
When it comes to platform features, MultiBank lists 17 drawing tools while IFC Markets lists 15, and both provide 7 columns for watchlists; indicator counts aren’t specified. In independent evaluations, both earn 4 stars for Trading Platforms and Tools, with IFC Markets ranked #37 and MultiBank ranked #40 out of 63 brokers by ForexBrokers.com. If you want MT4/MT5 plus an in-house platform and the ability to test strategies in a demo, either broker fits—IFC Markets holds a slight edge in category ranking, while MultiBank offers a touch more in drawing tools.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| 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) | 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.
MultiBank vs IFC Markets: both brokers offer mobile trading apps for iPhone and Android with the core tools most traders expect. You get stock and forex price alerts, real-time watchlists, 30 technical indicators, the ability to draw trendlines, multiple time frames (intraday to weekly), and auto-saved chart drawings. These features make it easy to track markets and act quickly from your phone.
The key difference is watchlist syncing: IFC Markets syncs your watchlist between the mobile app and your online account, while MultiBank does not. In terms of quality scores, both apps earn 4 stars for mobile trading. Looking at third-party rankings from ForexBrokers.com, MultiBank places higher at #42 out of 63 brokers, while IFC Markets ranks #53. Choose IFC Markets if cross-device watchlist sync is a must; pick MultiBank if a stronger category ranking matters more to you.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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.
Comparing market research at MultiBank and IFC Markets: IFC Markets provides daily market commentary and a sentiment tool that shows the ratio of long vs. short positions, which can help gauge crowd behavior. MultiBank, by contrast, stands out for forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Both brokers include an economic calendar. Neither integrates Autochartist or Trading Central, and neither offers TipRanks. IFC Markets doesn’t include Acuity Trading tools; details for MultiBank on Acuity weren’t available.
Despite different strengths, both brokers earn 3.5 out of 5 stars for research on ForexBrokers.com. In category rankings, IFC Markets places #41 of 63 brokers, ahead of MultiBank at #50. Choose IFC Markets if you want built-in daily commentary and sentiment analysis; pick MultiBank if premium news feeds matter most.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners at MultiBank and IFC Markets, both online brokers shine in several key areas. Each provides an impressive collection of forex and CFDs educational content, boasting over ten resources such as articles, videos, and archived webinars. Additionally, both platforms cater to beginners with over ten introductory trading videos to help new traders get started. That said, neither MultiBank nor IFC Markets offers monthly online webinars or maintains a searchable archive of past webinars which could be a valuable resource for continuous learning.
IFC Markets stands out with its offerings for more advanced users, providing over ten instructional videos specifically for experienced traders and an extensive investor dictionary with over 50 investing terms. In contrast, MultiBank focuses mainly on beginner content, lacking these advanced materials. Despite these differences, both brokers ensure a reliable foundation for new traders. They share the same educational rating of 3.5 stars, though IFC Markets is ranked higher at #30 out of 63 brokers according to ForexBrokers.com, compared to MultiBank's rank at #50.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| 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 | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
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 IFC Markets. MultiBank finished with an overall rank of #40, while IFC Markets finished with an overall rank of #45.
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
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IFC Markets
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| Overall Rating |
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| Trust Score | 84 | 73 |
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MultiBank allows users to purchase actual delivered cryptocurrency and cryptocurrency derivatives, whereas IFC Markets does not offer the option to buy actual cryptocurrency but does provide access to cryptocurrency derivatives.
Comparing MultiBank and IFC Markets for online brokerage, MultiBank enables account transactions through ACH/SEPA transfers, Skrill, and accepts Visa/Mastercard, and bank wires, while IFC Markets supports Visa/Mastercard and bank wire options but lacks ACH/SEPA and Skrill capabilities; neither supports PayPal.
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 | IFC Markets | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | IFC Markets | |
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| Regulation | MultiBank | IFC Markets | |
|---|---|---|---|
| Trust Score | 84 | 73 | |
| Year Founded | 2005 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | IFC Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | MultiBank | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | MultiBank | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 630 | |
| Forex Pairs (Total) | 40 | 49 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers |
| Cost | MultiBank | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | 1.1 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $50 | $1 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | MultiBank | IFC Markets | |
|---|---|---|---|
| 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 | MultiBank | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | IFC Markets | |
|---|---|---|---|
| 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 | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | IFC Markets | |
|---|---|---|---|
| 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 | MultiBank | IFC Markets | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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