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 |
When comparing the commissions and fees of MultiBank and IFC Markets, both brokers cater to different trading needs with their respective account offerings. MultiBank provides three account types: Standard, Pro, and ECN. The Standard account is accessible with a low minimum deposit of $50 but comes with relatively higher spreads, making it unsuitable for traders seeking cost-efficient options. The Pro account offers tighter spreads for a $1,000 deposit, while the ECN account provides the lowest spreads at MultiBank, requiring a $10,000 deposit and a small commission of $3 per trade. However, traders should be aware of a $60 monthly inactivity fee after 90 days of non-use. MultiBank receives a 4-star rating for its commissions and fees and is ranked 38th out of 63 brokers on ForexBrokers.com.
In contrast, IFC Markets delivers a competitive edge for active traders through its ECN account, which features effective spreads of 1.1 pips, despite the inclusion of a 0.005% commission on both sides of a trade. While the average spread for EUR/USD is slightly above the industry norm at 1.44, the absence of inactivity fees and availability of active trader discounts can provide financial advantages. Like MultiBank, IFC Markets also earns a 4-star rating and is closely ranked at 39th among 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
In summary, both MultiBank and IFC Markets provide valuable options depending on trading activity and capital. MultiBank might appeal more to those with higher initial investments aiming to minimize spreads through their ECN account, though its inactivity fees are a concern for less active traders. Meanwhile, IFC Markets' lack of inactivity fees and ECN account benefits may attract more frequent traders despite its slightly higher spread on popular currency pairs like EUR/USD.
| 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.
When comparing MultiBank and IFC Markets in terms of their investment offerings, both brokers provide opportunities for forex trading through CFDs or spot contracts. MultiBank boasts a broader selection of tradeable symbols, offering 1,042 compared to IFC Markets' 630. However, IFC Markets surpasses MultiBank with a wider choice of forex pairs, featuring 49 against MultiBank's 40. Neither platform enables clients to purchase exchange-traded securities on U.S. exchanges like Apple shares directly, though IFC Markets allows clients access to international stocks, unlike MultiBank.
Both MultiBank and IFC Markets support copy trading for investors seeking alternative trading strategies. In the realm of cryptocurrencies, MultiBank offers the buying of actual cryptocurrencies, which IFC Markets does not provide, but both offer access to cryptocurrency derivatives. MultiBank scores slightly higher in the range of investments with a 4-star rating compared to IFC Markets' 3.5 stars. According to ForexBrokers.com, MultiBank ranks 37th, while IFC Markets holds the 43rd position out of 63 brokers in the range of investments category.
| 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.
When comparing the trading platforms and tools offered by MultiBank and IFC Markets, both brokers provide a comprehensive range of options designed to cater to various trading needs. Both MultiBank and IFC Markets offer free virtual demo accounts, allowing traders to practice their strategies without financial risk. Additionally, each broker has developed proprietary platforms and offers Windows-based desktop downloads, ensuring robust support for traders who prefer different methods of access, including web-based platforms. Traders interested in automated strategies will appreciate that both brokers support copy trading and provide access to the popular MetaTrader 4 and MetaTrader 5 platforms, offering flexibility in trading tools.
Both MultiBank and IFC Markets allow traders to execute trades directly from stock charts, enhancing the user experience for those who prioritize intuitive interfaces. With a similar offering of columns for watch lists (seven each), both brokers afford adequate customization for monitoring desired assets. However, there are slight differences in charting tools; MultiBank provides 17 drawing tools, while IFC Markets offers 15. Despite these minor differences, both brokers have been rated 4 out of 5 stars for their trading platforms and tools, reflecting their overall service quality. With rankings by ForexBrokers.com placing MultiBank at #39 and IFC Markets slightly ahead at #36, traders can expect a high level of service from both options.
| 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 and IFC Markets both offer mobile trading apps compatible with iPhone and Android devices, ensuring their clients can trade on the go. Both brokers provide essential features like stock and forex price alerts and the ability to draw trendlines on charts. With access to 30 technical studies and multiple time frame views, traders have the tools they need for insightful analyses. Further enhancing the trading experience, both apps auto-save chart drawings and allow the creation of watchlists with real-time quotes.
However, a notable difference between the two is the watchlist symbol syncing feature. IFC Markets enables watchlists to sync seamlessly between the mobile app and online account, facilitating easy transitions between devices. In contrast, MultiBank lacks this syncing feature. Rated four stars for mobile trading apps, MultiBank ranks 41st out of 63 brokers according to ForexBrokers.com, slightly edging out IFC Markets, which holds the 52nd position. Both brokers deliver strong mobile trading platforms, each with its unique strengths to consider.
| 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.
When comparing the market research offerings of MultiBank and IFC Markets, both brokers bring distinct features to the table. MultiBank notably excels in providing forex news from leading sources such as Bloomberg, Reuters, and Dow Jones, ensuring its traders have access to vital financial news. On the other hand, IFC Markets stands out with its daily market commentary and also offers a sentiment-based trading tool that reveals trader sentiment across currency pairs, offering insights that may influence trading decisions. It is important to note that neither broker provides research tools from companies like Autochartist or Trading Central. Additionally, both brokers offer an economic calendar to track global economic events.
In terms of recognition, both MultiBank and IFC Markets receive a research rating of 3.5 stars. However, according to ForexBrokers.com, IFC Markets ranks higher at #40 for research among 63 brokers, compared to MultiBank's #49 ranking, showcasing a slight edge in overall research capabilities. This comparison highlights that while both have strong points, IFC Markets might offer a slightly more comprehensive suite of research features to support informed trading decisions.
| 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 | 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
|
IFC Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 84 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | MultiBank | IFC Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | IFC Markets | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| 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 | No | |
| 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 | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | MultiBank | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill