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MultiBank vs IFC Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

MultiBank
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 84
  • Tradeable Symbols (Total): 1042
IFC Markets
4/5 Stars Overall
  • Minimum Deposit: $1
  • Trust Score: 73
  • Tradeable Symbols (Total): 630

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.

Regulation

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 logoMultiBank
IFC Markets logoIFC Markets
Year Founded info 2005 2006
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 3 0
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1

Fees

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 logoMultiBank
IFC Markets logoIFC Markets
Minimum Deposit info $50 $1
Average spread (EUR/USD) - Standard account info N/A 1.44 info
All-in Cost EUR/USD - Active info N/A 1.1 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

MultiBank and IFC Markets both let you trade forex as CFDs or spot contracts and both support copy trading. MultiBank lists more total instruments (1,042 vs. 630), while IFC Markets edges ahead on currency choice with 49 forex pairs compared with MultiBank’s 40.

Their stock access differs: neither broker offers U.S.-listed shares as real, exchange-traded securities, but IFC Markets does provide access to some international exchange-traded stocks, whereas MultiBank does not. For crypto, MultiBank supports buying actual coins as well as crypto CFDs; IFC Markets offers only crypto CFDs. Based on Range of Investments, MultiBank is rated 4 stars and ranks 38th out of 63 brokers, while IFC Markets is rated 3.5 stars and ranks 44th.

Feature MultiBank logoMultiBank
IFC Markets logoIFC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1042 630
Forex Pairs (Total) info 40 49
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

MultiBank and IFC Markets both check the key boxes for platform choice and ease of use. Each broker provides a free demo account for practice, an in-house proprietary platform, Windows desktop software, and a web-based trading platform. They also support copy trading and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both brokers let you place trades directly from charts. Specific counts for built-in technical indicators and watchlist columns weren’t provided.

For Trading Platforms and Tools, both brokers earn 4 out of 5 stars. In ForexBrokers.com’s rankings out of 63 brokers, IFC Markets comes in at #37, while MultiBank is #40, giving IFC Markets a slight edge. If you’re deciding between the two, your choice may come down to whether you prefer their proprietary platform experience or the familiar MT4/MT5 setup, plus any extras you value like copy trading and chart-based order entry.

Feature MultiBank logoMultiBank
IFC Markets logoIFC Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 38 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

MultiBank and IFC Markets both offer capable mobile trading apps for iPhone and Android. Each app includes price alerts, 30 technical studies (indicators), and drawing tools like trendlines that auto-save on your charts. Both are rated 4 out of 5 stars for Mobile Trading Apps, making them solid choices for traders who want charting and alerts on the go.

The main difference comes down to watchlists: IFC Markets syncs watchlist symbols between the mobile app and your online account, while MultiBank does not. If cross-device syncing matters to you, IFC Markets has the edge. That said, in ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, MultiBank places #42 versus IFC Markets at #53. Pick MultiBank if a slightly higher industry ranking sways you; choose IFC Markets if seamless watchlist syncing is your priority.

Feature MultiBank logoMultiBank
IFC Markets logoIFC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 logoMultiBank
IFC Markets logoIFC Markets
Daily Market Commentary (Articles) info No Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info No No
Client sentiment data info No Yes
TipRanks info No No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

IFC Markets vs MultiBank for beginner education: both brokers provide plenty of beginner-friendly trading videos (10+ each) that explain forex and CFD basics in clear terms. Neither runs monthly educational webinars. While each earns 3.5 out of 5 stars for Education on ForexBrokers.com, IFC Markets ranks higher in the category (#30 of 63) compared with MultiBank (#50), suggesting a more polished overall learning setup.

If you’re just starting out, either broker can help you learn the fundamentals through video tutorials. As you progress, IFC Markets pulls ahead with 10+ advanced videos for experienced traders, whereas MultiBank doesn’t reach that level. That extra depth makes IFC Markets a stronger pick for a learning path that grows from beginner to advanced, while MultiBank remains more focused on entry-level video content.

Feature MultiBank logoMultiBank
IFC Markets logoIFC Markets
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoMultiBank
IFC Markets logoIFC Markets
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 84 73
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with MultiBank or IFC Markets?

Compared to IFC Markets, online broker MultiBank lets you buy actual delivered cryptocurrencies and trade cryptocurrency CFDs, while IFC Markets offers only cryptocurrency CFDs and does not support purchasing actual delivered coins.

What funding options does each broker offer?

MultiBank vs IFC Markets: For deposits and withdrawals, MultiBank offers ACH/SEPA (IFC Markets does not), IFC Markets supports bank wire transfers (MultiBank not specified), PayPal and Skrill are not supported at IFC Markets (MultiBank not specified), and Visa/Mastercard availability is not specified for either broker.

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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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Overall Rating MultiBank IFC Markets
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score info 84 73
Winner check_circle
Review MultiBank Review
Broker Screenshots MultiBank IFC Markets
Broker Gallery (click to expand) info
MultiBank MetaTrader 4 (MT4) mobile app charts. MultiBank Plus platform login. MultiBank Plus platform news reserach. MultiBank Group educational ebooks web portal powered by MTE Media
Regulation MultiBank IFC Markets
Trust Score info 84 73
Year Founded info 2005 2006
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes
Tier-1 Licenses info 3 0
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1
Tier-1 Licenses (Highly Trusted) MultiBank IFC Markets
Australia (ASIC Authorised) info Yes
Canada (CIRO Authorised) info No
Hong Kong (SFC Authorised) info No
Japan (SFC Authorised) info No
Singapore (MAS Authorised) info Yes
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No
USA (CFTC Authorized) info No
New Zealand (FMA Authorised) info No
Regulated in one or more EU or EEA countries (MiFID). info Yes
Tier-2 Licenses (Trusted) MultiBank IFC Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or SCA Authorised) info Yes info
India (SEBI Authorised) info No
Jordan (JSC Authorised) info
Investments MultiBank IFC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1042 630
Forex Pairs (Total) info 40 49
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers
Cost MultiBank IFC Markets
Average spread (EUR/USD) - Standard account info N/A 1.44 info
All-in Cost EUR/USD - Active info N/A 1.1 info
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding MultiBank IFC Markets
Minimum Deposit info $50 $1
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info Yes No
Trading Platforms MultiBank IFC Markets
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools MultiBank IFC Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 38 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading MultiBank IFC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research MultiBank IFC Markets
Daily Market Commentary (Articles) info No Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info No No
TipRanks info No No
Client sentiment data info No Yes
Economic Calendar info Yes Yes
Education MultiBank IFC Markets
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Major Forex Pairs MultiBank IFC Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review MultiBank Review
Overall MultiBank IFC Markets
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score info 84 73
Winner check_circle
Review MultiBank Review
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