Written by ForexBrokers.com
In this head to head comparison of MultiBank vs IUX, 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.
Founded in 2005, MultiBank is a prominent online broker that stands out for its high trust level in the trading community. It boasts an impressive three Tier-1 licenses, which are recognized as highly trusted by ForexBrokers.com, along with one Tier-2 license that also signifies trust. Though not publicly traded and not a bank, MultiBank holds a Trust Score of 84, placing it in the "trusted" category according to ForexBrokers.com ratings, which indicates a reliable choice for investors looking for credibility and security.
In comparison, IUX entered the scene in 2016 and, while also not publicly traded or a bank, it carries a moderately lower Trust Score of 78, pegging it at an "average risk" level. Holding one Tier-1 license and one Tier-2 license, IUX offers a foundation of trust but does not quite match the credentials of MultiBank. For those deciding between the two, MultiBank’s longer history and higher regulatory licenses point to a stronger reassurance of dependability in the eyes of ForexBrokers.com.
| Feature |
MultiBank
|
IUX
|
|---|---|---|
| Year Founded | 2005 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing online brokers MultiBank and IUX, both offer distinct account types that cater to varying trading needs. MultiBank provides three primary account options: Standard, Pro, and ECN. The Standard account demands a modest $50 minimum deposit but comes with wider spreads. For those seeking lower spreads, the Pro account is available with a $1,000 minimum deposit. The ECN account offers the lowest spreads and charges a small round-trip commission of $3 per trade, but it requires a higher $10,000 minimum deposit. Notably, MultiBank imposes a monthly inactivity fee of $60 if your account remains dormant for 90 days.
In contrast, IUX offers a variety of account types, including spread-only and commission-based accounts aimed at more active traders. The Standard and Standard+ accounts can be accessed with just a $10 deposit, with the latter supporting promotional bonuses at the cost of wider spreads. For active traders, IUX's Raw and Pro accounts require a minimum deposit of $500. The Raw account features the lowest spreads but charges a $6 commission per 100,000 units traded, while the Pro account is spread-only with no commission. IUX's average spread for the EUR/USD pair ranges from 0.6 to 0.9 pips across its account options.
Both brokers receive a commendable 4-star rating for commissions and fees, although they hold different positions in industry rankings. MultiBank stands at #38, while IUX is positioned at #48 out of 63 assessed brokers according to ForexBrokers.com. Each broker has its strengths, making the choice between them reliant on a careful evaluation of your trading needs, taking into account factors like spreads, commissions, and deposit requirements.
| Feature |
MultiBank
|
IUX
|
|---|---|---|
| Minimum Deposit | $50 | 10 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
MultiBank offers clients a wide array of investment options, with 1,042 tradeable symbols, including 40 forex pairs. This makes it an attractive choice for those seeking a variety of trading instruments. Moreover, MultiBank provides the opportunity to engage in both CFD and spot contract forex trading. The platform also supports buying actual cryptocurrencies, allowing for a more diversified investment portfolio. However, it does not offer exchange-traded securities on either U.S. or international exchanges, although it does facilitate copy trading. Overall, MultiBank earns a commendable rating of 4 stars for its range of investments, and it's ranked 37th out of 63 brokers by ForexBrokers.com.
In contrast, IUX presents a more limited selection with 152 tradeable symbols, which includes 34 forex pairs available for both CFD and spot contract trading. While IUX does not support buying actual cryptocurrencies or copy trading, it does offer cryptocurrency derivatives and notably provides access to exchange-traded securities on international exchanges, such as the London Stock Exchange. Rated at 3.5 stars for its range of investments, IUX stands as the 60th broker in its category as ranked by ForexBrokers.com, making it a more specialized choice for those focused on specific international trades.
| Feature |
MultiBank
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 152 |
| Forex Pairs (Total) | 40 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
When comparing MultiBank and IUX for their trading platforms and tools, both brokers offer strong foundational features like proprietary trading platforms, Windows-based desktop downloads, and web-based trading options. They also provide simulated trading through virtual demo accounts, allowing users to practice strategies without financial risk. While both brokers support MetaTrader 5, only MultiBank accommodates MetaTrader 4, which might appeal to traders who favor this widely-used platform. A key differentiator is that MultiBank offers copy trading capabilities, a feature not available with IUX.
Regarding charting features, while both allow users to trade directly from a stock chart, MultiBank outpaces IUX with its support for 17 drawing tools. However, IUX compensates by offering more sophisticated options with 89 drawing tools. MultiBank also offers a more straightforward watch list with 7 columns, whereas IUX offers more customization with 46 columns. Overall, MultiBank rates slightly higher than IUX, with 4 stars to IUX's 3.5 stars in trading platforms and tools. According to ForexBrokers.com, MultiBank ranks 39th out of 63 brokers in this category, while IUX ranks 59th, suggesting a modest edge for MultiBank in this competitive field.
| Feature |
MultiBank
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 38 | 106 |
| Charting - Drawing Tools (Total) | 17 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both MultiBank and IUX provide options for iPhone and Android users. However, their features and user experiences differ significantly. MultiBank stands out by offering price alerts for stock and forex trading, a feature that IUX lacks. On the other hand, MultiBank’s mobile app allows the drawing of trendlines on charts and supports the examination of multiple time frames just like IUX, but it does not sync watchlist symbols with the online account settings. Where charting capabilities are concerned, MultiBank includes 30 technical studies, while IUX impressively offers 106, although IUX does not currently support drawing trendlines on a chart.
Regarding usability and ratings, MultiBank provides a better experience as it has been rated 4 out of 5 stars for its mobile trading app, compared to IUX's 3.5 stars. MultiBank holds a rank of 41 out of 63 brokers according to ForexBrokers.com, significantly higher than IUX, which is ranked 60th. Both apps offer the option to create watchlists with real-time quotes, and they automatically save any chart drawings, ensuring that users can quickly access their customized setups. MultiBank’s added functionalities and higher rating make it a more attractive choice for users looking for a comprehensive mobile trading experience.
| Feature |
MultiBank
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, MultiBank and IUX present distinct features for online traders. MultiBank excels in delivering forex news from premier sources like Bloomberg, Reuters, and Dow Jones, while IUX lacks this feature. Both brokers, however, do not provide daily market commentary, technical analysis tools from Autochartist or Trading Central, sentiment-based trading tools, or research insights from TipRanks and Acuity Trading. This limited suite of resources can impact a trader’s ability to make informed decisions based on comprehensive data or insights, so it's essential to weigh this factor against other broker services when making a choice.
Despite these similarities, MultiBank offers an economic calendar to track global news events, a feature mirrored by IUX. However, MultiBank edges out IUX with a higher research rating of 3.5 stars compared to IUX's 3 stars. Furthermore, MultiBank ranks higher for research in the ForexBrokers.com rankings, securing the 49th spot against IUX's 59th position out of 63 brokers. Traders prioritizing forex news and economic data might find MultiBank's offerings more aligned with their needs, though the overall research capabilities of both brokers may not cater to those seeking exhaustive analytical tools.
| Feature |
MultiBank
|
IUX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, MultiBank provides a more comprehensive offering than IUX. MultiBank ensures learners have access to a broad range of content, with more than 10 educational materials focused on forex or CFDs. This dedication is matched by their collection of beginner-friendly trading videos, making them a desirable choice for those just starting. However, both brokers fall short in providing regular client webinars, having no monthly sessions or archives available for later viewing.
In comparison, IUX does offer a collection of beginner educational videos, yet lacks the breadth of learning materials on forex or CFDs that MultiBank boasts. Neither broker caters extensively to more advanced learners, as both are missing a significant number of advanced educational videos. Additionally, neither MultiBank nor IUX provides an investor dictionary, which could be a valuable resource for individuals seeking clarity on financial terms. Overall, MultiBank earns a 3.5-star rating, pushing it slightly ahead of IUX's 3 stars in the education category, based on ratings from ForexBrokers.com where they are ranked at #50 and #59 respectively out of 63 brokers.
| Feature |
MultiBank
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | 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 IUX. MultiBank finished with an overall rank of #40, while IUX finished with an overall rank of #55.
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
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 78 |
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MultiBank allows users to purchase both actual delivered cryptocurrency and cryptocurrency derivatives, whereas IUX only offers the option to trade cryptocurrency derivatives without the possibility of buying the actual cryptocurrency.
When comparing online brokers MultiBank and IUX, MultiBank provides more options for account fund transfers by supporting ACH or SEPA transfers along with Skrill, Visa, Mastercard, and bank wires, whereas IUX excludes ACH or SEPA transfers but also offers Skrill, Visa, Mastercard, and bank wires, with neither broker supporting PayPal.
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 | IUX | |
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| Trust Score | 84 | 78 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | IUX | |
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| Regulation | MultiBank | IUX | |
|---|---|---|---|
| Trust Score | 84 | 78 | |
| Year Founded | 2005 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | IUX | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | MultiBank | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | MultiBank | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 152 | |
| Forex Pairs (Total) | 40 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers |
| Cost | MultiBank | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | IUX | |
|---|---|---|---|
| Minimum Deposit | $50 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | MultiBank | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 46 | |
| Charting - Indicators / Studies (Total) | 38 | 106 | |
| Charting - Drawing Tools (Total) | 17 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | MultiBank | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | MultiBank | IUX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | MultiBank | IUX | |
|---|---|---|---|
| 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 | MultiBank Review |
| Overall | MultiBank | IUX | |
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| Trust Score | 84 | 78 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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