Written by ForexBrokers.com
In this head to head comparison of IG vs MultiBank, 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.
IG, founded in 1974, stands out in the online brokerage landscape with a long history and a strong reputation for safety. It is publicly traded and operates as a bank, which further enhances its credibility. Holding an impressive eight Tier-1 licenses, IG is highly trusted according to ForexBrokers.com standards and achieves a near-perfect Trust Score rating of 99 out of 99. This combination of factors makes it a compelling choice for those prioritizing security and trust in their trading platform.
MultiBank, established in 2005, is another player in the online brokerage arena, but it has a different profile compared to IG. Not publicly traded and not a bank, MultiBank still manages to earn a decent level of trust, holding three Tier-1 licenses. Although it doesn't reach the same level of trust as IG, with a Trust Score of 84, it is considered a trusted broker by ForexBrokers.com. MultiBank could be a suitable alternative for traders looking for a reliable, albeit younger, brokerage option.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Year Founded | 1974 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
IG earns 5/5 stars for commissions and fees and ranks #8 out of 63 brokers, while MultiBank scores 4/5 stars and ranks #39. IG isn’t a discount broker, but it tends to be better value for active traders thanks to volume-based discounts and a direct market access (DMA) option. MultiBank keeps things simple with three account types (Standard, Pro, ECN) and a low entry point, though costs and non-trading fees vary by account and activity.
IG’s spread-only CFD pricing averaged 0.69 pips during the main trading session in July 2023 (0.98 pips across all hours globally; IG US averaged 1.18 pips on EUR/USD). Its DMA “Forex Direct” account posted average EUR/USD spreads of 0.62 pips in July 2023; the all-in cost depends on tiered commissions that start at $60 per million and can drop to $10 per million per side for very high volumes, putting effective costs around 0.82 pips. Professional clients who qualify can also earn 10%–20% spread rebates on the CFD account, which can trim costs to roughly 0.60 pips at the top tier. The DMA account requires about a £1,000 minimum.
MultiBank offers three pricing tiers: Standard (higher spreads; $50 minimum deposit), Pro (lower spreads; $1,000 minimum), and ECN (lowest spreads plus a small $3 round-trip commission; $10,000 minimum). There’s a $60 per month inactivity fee after 90 days without trading. In short, MultiBank’s ECN account can be competitive if you meet the higher deposit and stay active, but IG generally delivers better all-in pricing for high-volume traders via DMA and rebates — reflected in its higher 5-star rating and stronger #8 ranking versus MultiBank’s 4-star, #39 standing.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Minimum Deposit | ÂŁ250.00 | $50 |
| Average Spread EUR/USD - Standard | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IG vs MultiBank: for range of investments, IG takes the lead. IG lists 19,537 tradeable symbols and 97 forex pairs, while MultiBank offers 1,042 symbols and 40 forex pairs. Both allow forex trading (CFD or spot). IG also earns 5 stars for Range of Investments and ranks #4 of 63 brokers on ForexBrokers.com; MultiBank scores 4 stars and ranks #38.
IG gives access to exchange-traded stocks on U.S. and international exchanges, so you can buy shares like Apple or Vodafone directly—something MultiBank doesn’t offer. MultiBank, however, supports copy trading, while IG does not. Both brokers let you buy actual cryptocurrency and trade crypto derivatives. If you want the widest market selection and exchange-traded shares, IG fits best; if copy trading is a priority and you’re fine with a smaller lineup, consider MultiBank.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 1042 |
| Forex Pairs (Total) | 97 | 40 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | Yes | Yes |
| Cryptocurrency (Derivative) | 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.
IG and MultiBank both offer free demo accounts for paper trading, plus proprietary platforms alongside Windows desktop and web-based options. Each supports MetaTrader 4, while only MultiBank also offers MetaTrader 5. Copy trading is available at MultiBank but not at IG. Neither broker integrates DupliTrade or ZuluTrade.
Both let you place trades directly from charts. IG provides 20 drawing tools versus 17 at MultiBank, and watchlists offer 5 columns at IG compared to 7 at MultiBank. In independent testing by ForexBrokers.com for Trading Platforms and Tools, IG earns 5 stars and ranks #2 out of 63 brokers, while MultiBank earns 4 stars and ranks #40. Pick IG if platform quality is your priority; choose MultiBank if you want MT5 and built-in copy trading.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 38 |
| Charting - Drawing Tools (Total) | 20 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IG and MultiBank both offer mobile trading apps for iPhone and Android, with price alerts, real-time quotes, trendline drawing, multiple time frames, and auto‑saved chart drawings. For charting studies, IG provides 33 technical indicators while MultiBank offers 30. A key difference is watchlists: IG syncs watchlists between the mobile app and the online platform, but MultiBank does not. In independent testing, IG’s mobile app earned 5 stars and ranked #1 out of 63 brokers at ForexBrokers.com, whereas MultiBank scored 4 stars and ranked #42.
If you want the most polished experience with more indicators and seamless watchlist syncing, IG’s mobile app is the stronger pick. MultiBank’s app covers the essentials for trading on the go and delivers alerts and charts, but IG’s higher rating and top ranking make it the better choice for most traders comparing IG vs MultiBank mobile trading apps.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 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.
IG clearly has the stronger market research lineup compared with MultiBank. IG provides daily market commentary, streaming forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, plus research from Autochartist, TipRanks, and Acuity Trading (Signal Centre). It also includes a sentiment tool that shows the ratio of long vs. short positions, and an economic calendar. MultiBank delivers top-tier forex news and an economic calendar, but it does not provide daily commentary, Autochartist, a sentiment tool, or TipRanks. Neither IG nor MultiBank offers Trading Central. Support for Acuity Trading on MultiBank wasn’t specified.
The difference shows up in independent ratings: IG earns 5 stars for Research and ranks #2 out of 63 brokers on ForexBrokers.com, while MultiBank scores 3.5 stars and ranks #50. If you want comprehensive tools and frequent insights, IG is the better fit; if you only need basic news and a calendar, MultiBank may suffice.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, IG and MultiBank both offer a variety of learning materials focused on forex and CFDs. Both brokers provide over ten educational pieces, which include articles, videos, and potentially archived webinars centered around these topics. IG excels with monthly online educational webinars and maintains a searchable archive of these sessions, something MultiBank does not offer. Additionally, both brokers offer more than ten educational videos aimed specifically at beginners, but only IG provides an equal number of advanced videos for those ready to delve into more complex trading strategies.
IG is notable for its comprehensive educational resources, including a well-rounded investor dictionary that defines over 50 investing terms, a feature absent from MultiBank's offerings. This commitment to education earns IG a top rating of 5 stars and the #1 rank among 63 brokers by ForexBrokers.com, reflecting its leadership in supporting beginner traders. Meanwhile, MultiBank earns a respectable 3.5-star rating, ranking at #50, indicating room for improvement in expanding its educational offerings to better serve novice traders.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IG is better than MultiBank. IG finished with an overall rank of #1, while MultiBank finished with an overall rank of #40.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
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MultiBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 84 |
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Both IG and MultiBank provide options for purchasing actual cryptocurrency as well as cryptocurrency derivatives, offering investors flexibility in how they engage with the digital asset market.
IG and MultiBank both support ACH and SEPA transfers, Visa or Mastercard, and bank wires for depositing or withdrawing funds, but they differ in that IG offers PayPal while MultiBank offers Skrill.
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 | IG | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | IG Review | MultiBank Review |
| Broker Screenshots | IG | MultiBank | |
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| Regulation | IG | MultiBank | |
|---|---|---|---|
| Trust Score | 99 | 84 | |
| Year Founded | 1974 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 8 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | IG | MultiBank | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | Yes | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IG | MultiBank | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IG | MultiBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 1042 | |
| Forex Pairs (Total) | 97 | 40 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | Yes | Yes | |
| Cryptocurrency (Derivative) | 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 | IG | MultiBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | MultiBank | |
|---|---|---|---|
| Minimum Deposit | ÂŁ250.00 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | IG | MultiBank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 33 | 38 | |
| Charting - Drawing Tools (Total) | 20 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | MultiBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 33 | 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 | IG | MultiBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | MultiBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IG | MultiBank | |
|---|---|---|---|
| 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 | IG Review | MultiBank Review |
| Overall | IG | MultiBank | |
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| Trust Score | 99 | 84 | |
| Winner | check_circle | ||
| Review | IG Review | MultiBank Review |
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