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 | £250.00 | $50 |
| Average spread (EUR/USD) - Standard account | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IG offers a far wider range of investments than MultiBank. IG lists 19,537 tradeable symbols and 97 forex pairs, compared to MultiBank’s 1,042 symbols and 40 forex pairs. Both brokers support forex trading via CFDs and/or spot, and both let you trade cryptocurrency either as real coins or as CFDs. A key difference: IG lets you buy real exchange-traded shares on U.S. and international exchanges (think Apple on NASDAQ or Vodafone in London), while MultiBank does not offer real share dealing.
For Range of Investments, IG earns 5 stars and ranks #4 out of 63 brokers at ForexBrokers.com, while MultiBank scores 4 stars and ranks #38. MultiBank does include copy trading (IG does not), which may appeal to those who want to mirror other traders, but IG is the better choice if you want access to more markets and the ability to buy real global shares.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 1042 |
| Forex Pairs (Total) | 97 | 40 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | Yes | Yes |
| 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.
IG and MultiBank both cover the essentials for platform access and tools: each offers a free demo account, an in-house platform, a Windows desktop download, a web-based platform, and MetaTrader 4 (MT4). Both also let you place trades directly from charts. Key differences: MultiBank supports copy trading and offers MetaTrader 5 (MT5), while IG does not provide copy trading and does not offer MT5.
When it comes to third-party evaluations, IG earns 5 stars for Trading Platforms and Tools and ranks #2 out of 63 brokers on ForexBrokers.com, while MultiBank holds 4 stars and ranks #40. In short, choose IG if you want a highly rated, polished platform experience; pick MultiBank if you specifically want copy trading and MT5 alongside MT4 and a web/desktop setup.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 33 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IG and MultiBank both offer iPhone and Android trading apps with price alerts, trendline drawing, and auto‑saved chart annotations. IG stands out for everyday usability thanks to watchlist syncing between mobile and web, so changes carry over automatically; MultiBank lacks this syncing. For charting depth, IG offers 33 technical studies (indicators) versus 30 on MultiBank, giving IG a slight edge for traders who want more analysis options.
Independent ratings back up the experience: IG earns 5 stars for Mobile Trading Apps and ranks #1 out of 63 brokers on ForexBrokers.com, while MultiBank holds 4 stars and ranks #42. If you value seamless watchlists and a wider set of indicators, IG is the stronger pick. If you just need core tools and alerts on both iOS and Android, MultiBank covers the basics.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IG vs MultiBank for beginner education: IG is the stronger pick if you want a clear learning path in forex and CFDs. IG runs online client webinars at least monthly and offers plentiful video lessons for both newcomers and experienced traders (10+ beginner videos and 10+ advanced videos). That depth helps you move from core concepts to more detailed strategies. Reflecting this, IG earns a 5-star Education rating and ranks #1 out of 63 brokers on ForexBrokers.com.
MultiBank can get you started with beginner-focused videos (10+), but it doesn’t host monthly educational webinars and provides fewer advanced video lessons (under 10). This slimmer lineup leads to a 3.5-star Education rating and a #50 ranking out of 63. If you want ongoing live sessions and a fuller path from basics to advanced topics, IG is the better fit; if you only need quick beginner videos, MultiBank may suffice.
| Feature |
IG
|
MultiBank
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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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Online brokers IG and MultiBank both let you buy actual (delivered) cryptocurrencies and trade cryptocurrency CFDs, providing flexible options to own coins outright or speculate on price movements.
IG vs MultiBank: IG supports ACH/SEPA transfers, PayPal, and bank wire deposits/withdrawals but not Skrill, while MultiBank supports ACH/SEPA, with availability of PayPal, Skrill, Visa/Mastercard, and bank wires 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 | 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, FSRA, or SCA 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. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | Yes | Yes | |
| 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 | IG | MultiBank | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IG | MultiBank | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | IG | MultiBank | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | IG | MultiBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 33 | 38 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 33 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IG | MultiBank | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | MultiBank | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IG | MultiBank | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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