Interactive Brokers vs MultiBank 2025

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

Interactive Brokers, founded in 1977, stands out as a prominent player in the online brokerage industry, known for its reliability and comprehensive license portfolio. With a Trust Score of 99 from ForexBrokers.com, Interactive Brokers instills a high degree of confidence among users. This brokerage is publicly traded, enhancing its transparency and accountability. Despite not being a bank, Interactive Brokers holds an impressive nine Tier-1 licenses, reflecting the highest level of trust, along with two Tier-2 licenses, further solidifying its reputation as a secure choice for investors.

MultiBank, established in 2005, offers a notable presence in the financial market without being publicly traded. It holds a respectable Trust Score of 84 according to ForexBrokers.com, indicating a trusted standing. Although MultiBank is not a bank, it possesses three Tier-1 and one Tier-2 license, showcasing a commitment to maintaining a reputable regulatory framework. While not on par with Interactive Brokers in terms of trust ratings and licensing, MultiBank remains a viable option for traders seeking a trustworthy platform.

Feature	Interactive Brokers	MultiBank
Year Founded info	1977	2005
Publicly Traded (Listed) info	Yes	No
Bank info	No	No
Tier-1 Licenses info	9	3
Tier-2 Licenses info	2	1
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	3

Fees

Interactive Brokers and MultiBank both keep trading costs competitive, but they take different paths. Interactive Brokers (5/5 stars; ranked #2 of 63 for Commissions and Fees by ForexBrokers.com) focuses on tight spreads plus a transparent commission. In Q3 2024, we observed an average EUR/USD spread of 0.19 pips at IBKR, translating to about 0.59 pips all-in after commission. MultiBank (4/5 stars; ranked #39 of 63) uses tiered account types—Standard, Pro, and ECN—where pricing improves as you step up, with its ECN account pairing the lowest spreads with a small $3 round-trip commission.

Interactive Brokers charges a forex commission starting at 0.2 basis points per side (min $2 per order, or $4 round trip), equivalent to roughly $16–$40 per million round turn, and can drop to 0.08 bps for very active traders. Because of the $2-per-side minimum, very small trade sizes can feel pricier, but a typical $100,000 EUR/USD buy-and-sell equates to about 0.40 pips in commission on top of the spread—low by industry standards. IBKR Lite and IBKR Pro both support forex (not commission-free). IBKR aggregates prices from 17 major interbank dealers and offers volume discounts and RFQ handling for larger orders.

MultiBank’s Standard account needs just $50 to start but carries higher spreads; the Pro account lowers spreads with a $1,000 minimum; and the ECN account requires $10,000 and adds a $3 round-trip commission while targeting the firm’s best spreads. Note there’s a $60 monthly inactivity fee after 90 days without trading. In short, active traders seeking the tightest all-in costs may prefer Interactive Brokers’ spread-plus-commission model, while newcomers and deposit-sensitive traders might consider MultiBank’s lower entry points—stepping up to Pro or ECN as their needs grow.

Feature	Interactive Brokers	MultiBank
Minimum Deposit info	$0	$50
Average spread (EUR/USD) - Standard account info	0.59 info	N/A
All-in Cost EUR/USD - Active info	0.65 info	N/A
Non-wire bank transfer info	Yes	Yes
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	No
Bank Wire (Deposit/Withdraw) info	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

Interactive Brokers vs MultiBank: for range of investments, Interactive Brokers offers a wider catalog with 8,500 tradeable symbols and 90 forex pairs, while MultiBank lists 1,042 symbols and 40 forex pairs. Both brokers support forex as either spot or CFD. A major divider is stock access: Interactive Brokers lets you buy exchange-traded U.S. and international shares, whereas MultiBank does not offer exchange-traded U.S. or international shares.

Both brokers cover crypto two ways—you can buy actual cryptocurrency and trade crypto CFDs. Another difference is copy trading: MultiBank offers it; Interactive Brokers does not. For overall range of investments, ForexBrokers.com rates Interactive Brokers 5 stars (ranked #1 of 63) and MultiBank 4 stars (ranked #38).

Feature	Interactive Brokers	MultiBank
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	8500	1042
Forex Pairs (Total) info	90	40
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	No	Yes
Cryptocurrency (Underlying) info	Yes	Yes
Cryptocurrency (CFDs) info	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.

Trading platforms and tools

Interactive Brokers vs MultiBank: both brokers offer free paper trading demo accounts, their own in-house trading platforms, Windows desktop downloads, and web-based platforms. Each also lets you place trades directly from charts, making it easier to act on technical setups without switching screens.

The big differences are in third-party integrations and social features. MultiBank supports copy trading and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Interactive Brokers does not support copy trading and does not offer MT4 or MT5. For trading platforms and tools, Interactive Brokers is rated 5 stars and ranks #3 out of 63 brokers at ForexBrokers.com, whereas MultiBank is rated 4 stars and ranks #40. Choose Interactive Brokers if you prefer a top-rated, in-house platform experience; pick MultiBank if MT4/MT5 and copy trading are must-haves.

Feature	Interactive Brokers	MultiBank
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	No	Yes
MetaTrader 4 (MT4) info	No	Yes
MetaTrader 5 (MT5) info	No	Yes
Charting - Indicators / Studies (Total) info	155	38
Charting - Trade From Chart info	Yes	Yes

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

Forex trading apps

Interactive Brokers and MultiBank both offer iPhone and Android mobile trading apps with price alerts. Interactive Brokers stands out for watchlist syncing, so your symbols stay aligned between the app and your online account; MultiBank does not sync watchlists. For charting, Interactive Brokers includes 97 technical studies compared with 30 on MultiBank. Both apps let you draw trendlines, but only MultiBank auto-saves drawings, while Interactive Brokers does not—something to consider if you often switch devices or revisit charts.

In independent reviews, Interactive Brokers earns 5 stars and ranks #4 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while MultiBank holds 4 stars and ranks #42. Choose Interactive Brokers if you want deeper chart tools and seamless watchlist syncing across devices. Pick MultiBank if auto-saving chart drawings matters more and you’re comfortable with fewer indicators and no synced watchlists.

Feature	Interactive Brokers	MultiBank
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	97	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	No	Yes

Dive deeper: Best Forex Trading Apps.

Market research

For market research, Interactive Brokers clearly offers more built-in tools than MultiBank. Interactive Brokers provides daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones), Trading Central analytics, a sentiment indicator showing long/short positioning, TipRanks stock research, and tools from Acuity Trading—plus an economic calendar. MultiBank includes top-tier forex news and an economic calendar, and it does not offer Autochartist; it also lacks Trading Central and a sentiment tool. Daily market commentary is not available at MultiBank, and the availability of Acuity Trading tools was not specified.

These differences are reflected in independent ratings: Interactive Brokers earns 5 stars for Research and ranks #3 out of 63 brokers at ForexBrokers.com, while MultiBank holds 3.5 stars and ranks #50. If in-depth research features are a priority, Interactive Brokers is the stronger choice; if you only need news headlines and a calendar, MultiBank covers the basics.

Feature	Interactive Brokers	MultiBank
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	No
Trading Central info	Yes	No
Client sentiment data info	Yes	No
TipRanks info	Yes	No
Acuity Trading info	Yes
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing Interactive Brokers and MultiBank on education, Interactive Brokers stands out. It hosts ongoing client webinars at least once a month and offers 10 or more beginner videos plus a deep library that covers advanced trading topics. MultiBank also supplies 10 or more beginner videos, which is helpful for getting started, but it doesn’t run regular educational webinars and lacks a comparable range of advanced video lessons. If you value live learning and a path from basics to more complex strategies, Interactive Brokers is the stronger pick; if you only need entry‑level videos, MultiBank can cover the fundamentals.

Independent ratings back this up: Interactive Brokers earns 5 stars for Education and ranks #3 out of 63 brokers at ForexBrokers.com, while MultiBank earns 3.5 stars and ranks #50. In short, beginners seeking structured learning and ongoing guidance will likely get more from Interactive Brokers, whereas MultiBank suits traders who want simple, self‑paced starter content without live sessions.

Feature	Interactive Brokers	MultiBank
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Interactive Brokers is better than MultiBank. Interactive Brokers finished with an overall rank of #2, while MultiBank finished with an overall rank of #40.

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

Feature	Interactive Brokers	MultiBank
Overall Rating info
Trust Score info	99	84
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

Can you trade cryptocurrency with Interactive Brokers or MultiBank?

What funding options does each broker offer?

×

×

Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next

Overall Rating	Interactive Brokers	MultiBank
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	84
Winner	check_circle
Review	Interactive Brokers Review	MultiBank Review

Broker Screenshots	Interactive Brokers	MultiBank
Broker Gallery (click to expand) info

Regulation	Interactive Brokers	MultiBank
Trust Score info	99	84
Year Founded info	1977	2005
Publicly Traded (Listed) info	Yes	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	Yes
Tier-1 Licenses info	9	3
Tier-2 Licenses info	2	1
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	3

Tier-1 Licenses (Highly Trusted)	Interactive Brokers	MultiBank
Australia (ASIC Authorised) info	Yes	Yes
Canada (CIRO Authorised) info	Yes	No
Hong Kong (SFC Authorised) info	Yes	No
Japan (SFC Authorised) info	Yes	No
Singapore (MAS Authorised) info	Yes	Yes
Switzerland (FINMA Authorised) info	Yes
United Kingdom (U.K.) (FCA Authorised) info	Yes	No
USA (CFTC Authorized) info	Yes	No
New Zealand (FMA Authorised) info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	Yes

Tier-2 Licenses (Trusted)	Interactive Brokers	MultiBank
Kenya (CMA Authorised) info
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or SCA Authorised) info	Yes	Yes info
India (SEBI Authorised) info	Yes	No
Jordan (JSC Authorised) info

Investments	Interactive Brokers	MultiBank
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	8500	1042
Forex Pairs (Total) info	90	40
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	No	Yes
Cryptocurrency (Underlying) info	Yes	Yes
Cryptocurrency (CFDs) info	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	Interactive Brokers	MultiBank
Average spread (EUR/USD) - Standard account info	0.59 info	N/A
All-in Cost EUR/USD - Active info	0.65 info	N/A
Inactivity Fee info	No	Yes
Order execution: Agency info	Yes	No
Order execution: Market Maker info	No	Yes

Funding	Interactive Brokers	MultiBank
Minimum Deposit info	$0	$50
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	No
Bank Wire (Deposit/Withdraw) info	Yes
Non-wire bank transfer info	Yes	Yes

Trading Platforms	Interactive Brokers	MultiBank
Proprietary Desktop Trading Platform info	Yes	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	No	Yes
MetaTrader 4 (MT4) info	No	Yes
MetaTrader 5 (MT5) info	No	Yes
cTrader info	No	No

Trading Tools	Interactive Brokers	MultiBank
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	155	38
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	Interactive Brokers	MultiBank
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	Yes	No
Mobile Charting - Indicators / Studies info	97	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	No	Yes
Mobile Research - Economic Calendar info	Yes	Yes

Research	Interactive Brokers	MultiBank
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	No
Trading Central info	Yes	No
TipRanks info	Yes	No
Client sentiment data info	Yes	No
Economic Calendar info	Yes	Yes

Education	Interactive Brokers	MultiBank
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	Interactive Brokers	MultiBank
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	Interactive Brokers Review	MultiBank Review

Overall	Interactive Brokers	MultiBank
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	84
Winner	check_circle
Review	Interactive Brokers Review	MultiBank Review