Written by ForexBrokers.com
In this head to head comparison of MultiBank vs iFOREX, 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.
When it comes to choosing between MultiBank and iFOREX for online trading, several factors can influence a trader's decision. Founded in 2005, MultiBank boasts an impressive array of regulatory credentials, possessing three Tier-1 licenses and one Tier-2 license, which contributes to its Trust Score of 84 from ForexBrokers.com, rating it as a trusted brokerage. Although not publicly traded or a bank, MultiBank's licenses and fairly high Trust Score suggest a reliable option for traders.
On the other hand, iFOREX, established in 1996, holds one Tier-1 license without any Tier-2 backings, garnering a Trust Score of 75. While similar to MultiBank in not being publicly traded or a banking institution, iFOREX's single Tier-1 license positions it as a broker with an average risk level as per ForexBrokers.com's standards. Traders seeking a platform with a higher degree of regulatory oversight might lean towards MultiBank given its more extensive licensing and higher Trust Score.
| Feature |
MultiBank
|
iFOREX
|
|---|---|---|
| Year Founded | 2005 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
MultiBank vs iFOREX: for commissions and fees, MultiBank scores 4 out of 5 stars and ranks #39 of 63 brokers on ForexBrokers.com, while iFOREX earns 3 out of 5 stars and ranks #62 of 63. That gap reflects clearer cost structures at MultiBank versus limited pricing transparency at iFOREX.
MultiBank offers three account types. Standard needs just $50 to start but has higher spreads. Pro drops spreads with a $1,000 minimum. ECN targets the lowest spreads but requires a $10,000 minimum and adds a small $3 round‑trip commission per trade. Note the non-trading fee: a $60 monthly inactivity charge kicks in after 90 days without trading.
iFOREX does not provide average spread data, making day‑to‑day cost comparisons difficult. If you value published pricing and are willing to meet higher minimums for tighter spreads, MultiBank’s Pro or ECN accounts can be appealing; if you want a very low entry deposit, MultiBank’s Standard account is cheaper to open but likely costs more per trade, while iFOREX’s typical trading costs are unclear without live quotes.
| Feature |
MultiBank
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Comparing MultiBank and iFOREX on range of investments, MultiBank lists 1,042 tradeable symbols while iFOREX offers 750. If you care most about forex pairs, iFOREX leads with 88 versus MultiBank’s 40. Both support forex trading as CFDs or spot. Neither broker lets you buy exchange-traded stocks directly on U.S. or international exchanges (non-CFD). Feature-wise, MultiBank includes copy trading, while iFOREX does not.
For crypto access, MultiBank lets you buy actual cryptocurrency as well as trade crypto CFDs; iFOREX limits you to crypto CFDs. Based on coverage, ForexBrokers.com rates MultiBank 4 stars (ranked 38 out of 63) and iFOREX 3.5 stars (ranked 42 out of 63). Choose MultiBank if you want more overall symbols, copy trading, and the option to own crypto; pick iFOREX if your priority is a wider selection of forex pairs.
| Feature |
MultiBank
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 750 |
| Forex Pairs (Total) | 40 | 88 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Comparing MultiBank vs iFOREX for trading platforms and tools, MultiBank has the edge on platform choice and flexibility. MultiBank offers a free demo account for paper trading, a proprietary platform, a Windows desktop download, and a web-based platform. It also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which iFOREX does not. iFOREX does provide its own proprietary platform and a web-based platform, but it lacks a desktop app, a demo account, and MT4/MT5 support.
When it comes to tools, MultiBank includes copy trading, while iFOREX does not. Both brokers let you place trades directly from a chart. Despite both earning 4 out of 5 stars for Trading Platforms and Tools, ForexBrokers.com ranks MultiBank at #40 out of 63 brokers and iFOREX at #55, pointing to a slight advantage for MultiBank. If you want a demo account, desktop software, or MT4/MT5, MultiBank is the clearer fit; if you prefer a simple, browser-based proprietary platform, iFOREX may suffice.
| Feature |
MultiBank
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 38 | 57 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
MultiBank and iFOREX both offer iPhone and Android trading apps, each earning 4 out of 5 stars for mobile trading. According to ForexBrokers.com, MultiBank ranks #42 out of 63 brokers for Mobile Trading Apps, while iFOREX sits at #56. Neither app supports watchlist symbol syncing between the mobile app and your online account.
Feature-wise, MultiBank has the edge. It offers stock or forex price alerts, 30 technical studies for charting, the ability to draw trendlines, and it auto-saves chart drawings. iFOREX does not provide price alerts, does not list a count of technical studies for its mobile charts, and lacks both trendline drawing and auto-save for drawings. If you want stronger charting tools and alerts on the go, MultiBank’s app is the better fit; if you only need basic trading access on iPhone or Android, iFOREX can still work.
| Feature |
MultiBank
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing the market research offerings at MultiBank and iFOREX shows a clear trade-off. iFOREX provides daily market commentary along with Trading Central tools and a sentiment indicator that shows long vs. short positioning—features that many traders find helpful for idea generation. MultiBank, on the other hand, delivers forex news from major sources like Bloomberg, Reuters, or Dow Jones, which iFOREX does not. Both brokers lack Autochartist, and both include an economic calendar. TipRanks is not offered by MultiBank and is not specified for iFOREX; tools from Acuity Trading are not specified for either broker.
In terms of ratings, both MultiBank and iFOREX earn 3.5 stars for research. Looking at rankings out of 63 brokers, MultiBank comes in at #50 while iFOREX is #49. If you value daily commentary, Trading Central, and sentiment data, iFOREX has the edge. If access to top-tier news feeds matters more, MultiBank is the better fit.
| Feature |
MultiBank
|
iFOREX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing MultiBank vs iFOREX for beginner education, both brokers deliver at least 10 beginner-friendly trading videos, which can help new traders learn the basics of forex and CFD trading. However, neither broker hosts monthly educational webinars, and neither offers a library of 10 or more advanced videos for experienced traders. If you’re just starting out and want to watch short lessons to get up to speed, both options can work; if you prefer live classes or deeper, advanced video content, you may find the selection limited.
On quality and recognition, both MultiBank and iFOREX earn 3.5 out of 5 stars for Education from ForexBrokers.com. In category rankings out of 63 brokers, MultiBank places at #50 while iFOREX is close behind at #53. That makes them fairly similar choices for beginner education, with only a slight edge to MultiBank in the rankings.
| Feature |
MultiBank
|
iFOREX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
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 iFOREX. MultiBank finished with an overall rank of #40, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 84 | 75 |
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Compared to iFOREX, which supports only cryptocurrency CFDs and does not allow purchasing real, delivered crypto, online broker MultiBank lets you buy actual cryptocurrencies and trade crypto CFDs.
In the online brokers MultiBank vs iFOREX payment methods comparison, MultiBank supports ACH/SEPA transfers for deposits and withdrawals while iFOREX does not; availability of PayPal, Skrill, Visa/Mastercard, and bank wires was not specified.
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 | iFOREX | |
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| Trust Score | 84 | 75 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | iFOREX | |
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| Regulation | MultiBank | iFOREX | |
|---|---|---|---|
| Trust Score | 84 | 75 | |
| Year Founded | 2005 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | iFOREX | |
|---|---|---|---|
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | MultiBank | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | MultiBank | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 750 | |
| Forex Pairs (Total) | 40 | 88 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | MultiBank | iFOREX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | MultiBank | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | MultiBank | iFOREX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | MultiBank | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 38 | 57 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | MultiBank | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | MultiBank | iFOREX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | iFOREX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | MultiBank | iFOREX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | MultiBank Review |
| Overall | MultiBank | iFOREX | |
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| Trust Score | 84 | 75 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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