Written by ForexBrokers.com
In this head to head comparison of MultiBank vs IronFX, 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 IronFX are well-known players in the online brokerage industry, each with their own strengths. Established in 2005 and 2010 respectively, neither MultiBank nor IronFX is publicly traded or operates as a bank. When examining regulatory information, both brokers hold three Tier-1 licenses, which are considered highly trusted by ForexBrokers.com standards. However, MultiBank edges out IronFX with an additional Tier-2 license, earning it a slight advantage in overall regulatory backing.
In terms of trustworthiness, MultiBank holds an 84 Trust Score from ForexBrokers.com, placing it in the "trusted" category. IronFX is close behind with a Trust Score of 83. These scores suggest that both brokers are reliable choices for online trading, though MultiBank's slightly higher score and additional Tier-2 license might offer an extra layer of confidence for potential clients comparing the two.
| Feature |
MultiBank
|
IronFX
|
|---|---|---|
| Year Founded | 2005 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
For commissions and fees, MultiBank and IronFX both earn 4 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, MultiBank ranks 39th out of 63 brokers, while IronFX ranks 47th out of 63. In practice, MultiBank can be cheaper if you qualify for its ECN pricing, whereas IronFX’s pricing tends to lean higher due to its spread structure.
MultiBank offers three account types for forex and CFD trading: Standard (minimum deposit $50) with higher spreads, Pro (minimum $1,000) with lower spreads, and ECN (minimum $10,000) with the lowest spreads plus a small $3 round-trip commission per trade. Note that MultiBank charges a $60 monthly inactivity fee if your account has no trading activity for 90 days.
IronFX lists a typical spread of 1.8 pips on its Standard variable account, and overall spreads are described as higher than the industry average. Its Zero fixed-spread account starts at 0.0 pips but adds an $18 per lot commission, and spreads widen to 3 pips overnight. This structure can make IronFX’s total trading costs less predictable compared to MultiBank’s ECN plan for active traders who meet the higher deposit requirement.
| Feature |
MultiBank
|
IronFX
|
|---|---|---|
| Minimum Deposit | $50 | $50 |
| Average spread (EUR/USD) - Standard account | N/A | 1.2 |
| 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.
MultiBank and IronFX both let you trade forex as CFDs and spot contracts, but their lineups differ. MultiBank lists 1,042 total symbols, giving you a wider overall selection, while IronFX offers 340. If your focus is strictly on currency trading, IronFX provides more forex pairs (83 vs. MultiBank’s 40), whereas MultiBank’s edge is in the broader mix of instruments.
Neither broker offers exchange-traded stocks on U.S. or international exchanges (non-CFDs). Both support copy trading. For crypto, each provides cryptocurrency CFDs, but only MultiBank lets you buy actual, delivered crypto. Based on these offerings, ForexBrokers.com rates MultiBank 4 stars and ranks it 38th out of 63 for Range of Investments, while IronFX holds 3.5 stars and ranks 52nd.
| Feature |
MultiBank
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 340 |
| Forex Pairs (Total) | 40 | 83 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| 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 and IronFX on trading platforms and tools, both brokers cover the basics well: each offers a free demo account, a Windows desktop platform, a web-based platform, copy trading, MetaTrader 4 (MT4), and the ability to place trades directly from charts. The key differences are that MultiBank adds MetaTrader 5 (MT5) and also provides its own in-house platform, while IronFX does not offer MT5 or a proprietary platform.
These feature gaps show up in the ratings. For Trading Platforms and Tools, MultiBank earns 4 stars and ranks #40 out of 63 brokers at ForexBrokers.com, while IronFX scores 3.5 stars and ranks #62. If you want MT5 and an extra in-house platform option, MultiBank has the edge. If you’re focused on MT4 with standard web and desktop access plus copy trading and chart trading, IronFX still checks those boxes.
| Feature |
MultiBank
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing MultiBank vs IronFX for mobile trading, both brokers cover the essentials. Each offers an iPhone app and an Android app, along with stock and forex price alerts. Charting tools are similar too: both apps include 30 technical studies, let you draw trendlines, and automatically save your drawings. One gap to note is watchlists—neither app syncs symbols between the mobile app and your online account.
Ratings tilt in MultiBank’s favor. MultiBank earns 4 out of 5 stars for Mobile Trading Apps and ranks #42 out of 63 brokers on ForexBrokers.com, while IronFX scores 3.5 stars and ranks #63. If you want slightly higher-rated mobile performance, MultiBank gets the edge; if you already use IronFX, you’ll still find comparable chart tools and alerts on mobile.
| Feature |
MultiBank
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IronFX pulls ahead on market research thanks to daily market commentary and access to Trading Central research tools, while MultiBank lacks daily commentary and does not offer Trading Central. Both brokers deliver forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, and both include an economic calendar. Neither broker provides Autochartist or a sentiment-based tool that shows long/short positioning.
For research quality, IronFX is rated 4 stars and ranks 29th out of 63 brokers on ForexBrokers.com; MultiBank is rated 3.5 stars and ranks 50th. MultiBank does not offer TipRanks; TipRanks and Acuity Trading tool availability for IronFX—and Acuity Trading for MultiBank—was not specified. If you want daily commentary and Trading Central, IronFX is the better fit. If you only need headline news and an economic calendar, either broker can work.
| Feature |
MultiBank
|
IronFX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing MultiBank vs IronFX for beginner education, both brokers deliver plenty of starter content through video lessons, with at least 10 beginner-focused videos each that explain forex and CFD basics. Neither broker runs regular monthly webinars, so new traders will rely on on-demand videos rather than live classes. As you progress, keep in mind that both brokers offer limited advanced video material (fewer than 10), which may leave a gap for more experienced topics.
IronFX edges ahead for overall education quality: it earns 4 out of 5 stars and ranks 44th out of 63 brokers at ForexBrokers.com, while MultiBank scores 3.5 stars and ranks 50th. If you want a slightly stronger learning path with ample beginner videos, IronFX is the better pick. MultiBank remains a solid choice if you mainly need straightforward beginner videos and don’t require webinars or a larger set of advanced lessons.
| Feature |
MultiBank
|
IronFX
|
|---|---|---|
| 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 IronFX. MultiBank finished with an overall rank of #40, while IronFX finished with an overall rank of #48.
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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IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 83 |
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MultiBank allows you to buy both actual (delivered) cryptocurrencies and cryptocurrency CFDs, whereas IronFX supports only cryptocurrency CFDs and does not offer buying real (delivered) crypto.
In this quick comparison of online brokers MultiBank vs. IronFX, MultiBank supports ACH and SEPA transfers for deposits and withdrawals while IronFX does not, and details for PayPal, Skrill, Visa/Mastercard, and bank wires were not provided.
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 | IronFX | |
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| Trust Score | 84 | 83 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | IronFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | MultiBank | IronFX | |
|---|---|---|---|
| Trust Score | 84 | 83 | |
| Year Founded | 2005 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 340 | |
| Forex Pairs (Total) | 40 | 83 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | MultiBank | IronFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $50 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | MultiBank | IronFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | MultiBank | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | MultiBank | IronFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | IronFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | MultiBank | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Range of Investments |
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| Trust Score | 84 | 83 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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