Written by ForexBrokers.com
In this head to head comparison of MultiBank vs IFC Markets, 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 IFC Markets are both online brokers established in the mid-2000s, with MultiBank founded in 2005 and IFC Markets in 2006. Neither broker is publicly traded nor operates as a bank. In terms of regulation, MultiBank holds three Tier-1 licenses, which are highly trusted, and one Tier-2 license, which is considered trusted. On the other hand, IFC Markets holds no Tier-1 licenses but does have one Tier-2 license. This difference reflects in their Trust Scores, with MultiBank achieving an 84 out of 99, indicating a trustworthy status, while IFC Markets scores a 73, placing it within the average risk category.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Year Founded | 2005 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When considering online brokers MultiBank and IFC Markets, both brokers offer a range of options in terms of commissions and fees. MultiBank provides three distinct account types: Standard, Pro, and ECN. The Standard account has a low minimum deposit of $50 but comes with relatively higher spreads, which may not be ideal for anyone but beginners. The Pro account, with a $1,000 minimum deposit, offers reduced spreads. Most notably, the ECN account demands a $10,000 minimum deposit; however, it compensates with the lowest spreads and a modest $3 per trade commission. Keep in mind that MultiBank charges a $60 monthly inactivity fee after 90 days without trading.
At IFC Markets, specific average spread data is not publicly available, making a direct fee comparison with MultiBank somewhat challenging. Nonetheless, both brokers have achieved a similar star rating for their commissions and fees. MultiBank is rated 4 out of 5 stars and ranks #37 out of 62 brokers according to ForexBrokers.com, while IFC Markets also garners a 4-star rating but ranks slightly lower at #39.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $50 | $1 |
| Average Spread EUR/USD - Standard | N/A | 1.44 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments offered, MultiBank and IFC Markets each have distinct strengths. MultiBank provides access to 1,042 tradable symbols, including 40 forex pairs, positioning itself as a solid option for those interested in a broader selection. It also supports forex trading as both CFDs and spot contracts and offers the unique advantage of purchasing actual cryptocurrencies, in addition to trading cryptocurrency derivatives. However, it's important to note that MultiBank does not provide access to exchange-traded securities on U.S. or international exchanges. MultiBank supports copy trading, providing additional options for clients who wish to replicate the trading strategies of successful investors.
IFC Markets, on the other hand, offers 630 tradable symbols, with 49 forex pairs available for trading as CFDs and spot contracts. While its symbol count is lower compared to MultiBank, IFC Markets compensates by granting access to exchange-traded securities on international exchanges, an option not available with MultiBank. For cryptocurrency enthusiasts, IFC Markets offers trading in cryptocurrency derivatives, albeit not in actual cryptocurrencies. Like MultiBank, IFC Markets also supports copy trading. In terms of overall range of investments, MultiBank achieves a rating of 4 stars, slightly edging out IFC Markets, which earns a rating of 3.5 stars. According to ForexBrokers.com, MultiBank ranks 37th out of 62 brokers for investment range, while IFC Markets stands at 43rd place in the same category.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 630 |
| Forex Pairs (Total) | 40 | 49 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
When comparing MultiBank and IFC Markets for their trading platforms and tools, both brokers offer a range of features suitable for different trading styles. Users of either platform can benefit from simulated trading through a virtual demo account, providing a risk-free environment to hone their skills. Both brokers have developed their proprietary platforms and also support widely-used platforms like MetaTrader 4 and MetaTrader 5. Whether you prefer desktop installations on Windows or the flexibility of web-based trading platforms, both MultiBank and IFC Markets have you covered, offering a familiar trading experience across devices.
Copy trading is available on both platforms, although options like DupliTrade and ZuluTrade are not offered. When it comes to charting tools, MultiBank provides 17 drawing tools compared to IFC Markets' 15, giving a slight edge to MultiBank in this aspect. Both brokers facilitate trading directly from stock charts and support seven watchlist columns for organizing market data. Despite these similar capabilities, users reviewing their trading platforms and tools have rated both brokers with four out of five stars. Notably, IFC Markets ranks a bit higher at #36 compared to MultiBank's #39, as per ForexBrokers.com's evaluation of 62 brokers.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between the mobile trading apps of MultiBank and IFC Markets, both provide iPhone and Android apps that cater to the needs of traders on the go. Users of both platforms can access stock and forex price alerts to stay updated. However, a notable difference is that IFC Markets offers watchlist symbol syncing, allowing seamless updates between the app and the online account, a feature MultiBank does not provide. Both apps offer impressive charting capabilities with 30 technical studies and the ability for users to draw trendlines and view different time frames. Furthermore, drawings are automatically saved in both apps, ensuring user's work isn't lost.
Regarding real-time quotes, both MultiBank and IFC Markets enable the creation of watchlists. In terms of user ratings, both apps receive strong ratings, each scoring 4 out of 5 stars for mobile trading apps, as evaluated by ForexBrokers.com. That said, MultiBank holds a higher rank in the Mobile Trading Apps category, coming in at #41 compared to IFC Markets at #52. This suggests that while both apps offer comprehensive features, MultiBank may provide a slightly more favorable overall experience for users seeking a mobile trading platform.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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.
When comparing the market research offerings of MultiBank and IFC Markets, there are notable differences and similarities. IFC Markets provides daily market commentary, which is absent at MultiBank. However, MultiBank delivers forex news from top-tier sources like Bloomberg and Reuters, which IFC Markets does not. Neither broker offers tools from Autochartist or Trading Central, nor do they provide market research from TipRanks or Acuity Trading. Both brokers provide an economic calendar for global news events, but only IFC Markets offers a sentiment-based trading tool to gauge market sentiments through position ratios.
Regarding research quality, both brokers achieve a 3.5-star rating. However, in ForexBrokers.com's overall rankings for research, IFC Markets claims the 40th spot, while MultiBank is positioned at 49th among 62 brokers. Despite the similar ratings, these rankings suggest IFC Markets may have a slight edge in market research offerings, thanks to unique features like daily market commentary and sentiment analysis tools.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners provided by MultiBank and IFC Markets, both brokers offer a solid foundation to start learning about forex and CFDs. Both platforms provide more than ten educational pieces, such as articles and videos, focused on forex or CFDs. These resources help demystify trading concepts for newcomers. Additionally, each broker offers at least ten beginner-focused educational videos, making it easier for new traders to grasp fundamental trading topics. While regular webinars or searchable archives of recorded webinars are not available from either broker, they compensate with comprehensive learning materials for beginners.
Looking at more advanced resources, MultiBank trails IFC Markets, offering no advanced videos, while IFC Markets provides at least ten, catering to more experienced traders. Another distinction is their approach to terminology; IFC Markets supplies an investor dictionary with over fifty investing terms, aiding users in understanding complex market language, a feature not provided by MultiBank. Despite these differences, both brokers share an educational rating of 3.5 stars from experts. However, IFC Markets is ranked higher for education, standing at #30 out of 62 brokers, compared to MultiBank’s ranking of #50. This suggests that while both offer valuable educational content, IFC Markets may have a slight edge in breadth and depth.
| Feature |
MultiBank
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that MultiBank is better than IFC Markets. MultiBank finished with an overall rank of #40, while IFC Markets finished with an overall rank of #44.
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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IFC Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 73 |
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MultiBank allows users to purchase actual delivered cryptocurrency and cryptocurrency derivatives, whereas IFC Markets does not offer the option to buy actual cryptocurrency but does provide access to cryptocurrency derivatives.
Comparing MultiBank and IFC Markets for online brokerage, MultiBank enables account transactions through ACH/SEPA transfers, Skrill, and accepts Visa/Mastercard, and bank wires, while IFC Markets supports Visa/Mastercard and bank wire options but lacks ACH/SEPA and Skrill capabilities; neither supports 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 | IFC Markets | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
| Broker Screenshots | MultiBank | IFC Markets | |
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| Regulation | MultiBank | IFC Markets | |
|---|---|---|---|
| Trust Score | 84 | 73 | |
| Year Founded | 2005 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | IFC Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 630 | |
| Forex Pairs (Total) | 40 | 49 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers |
| Cost | MultiBank | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | MultiBank | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $50 | $1 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | MultiBank | IFC Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | MultiBank | IFC Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | IFC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | MultiBank | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | MultiBank | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | MultiBank Review |
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