MultiBank FX vs IFC Markets
| MultiBank FX | IFC Markets |
|---|---|
4.7
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2.9
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MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms. |
IFC Markets is an STP broker that was founded in 2006 and has since gained 200,000 clients and several awards. This broker has some of the most interesting and wide-ranging additional tools, elevating its clients' trading experience via portfolio quoting, personal composite instruments and extensive analytics. |
| Bonus Offer | |
| 20% deposit bonus | 30% welcome bonus + 30% activity bonus |
| Comment by Reviewer | |
| "MultiBank FX is a great option for active forex traders with 55 currency pairs, spreads from 0.0 pips and high leverage up to 1:500." | "I recommend this firm to users looking for new speculative opportunities and strategies not available at most brokers, including a blockchain-based proprietary platform and a bespoke synthetic instrument development tool. That said, it's a shame that the firm is not regulated by a more reputable authority." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies | Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $50 | $1, ¥100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.1 Lots | 0.01 Lots |
| Regulator | |
| SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC | BVI FSC, SC, Labuan Financial Services Authority |
| Margin Trading | |
| No | No |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| Yes | Yes |
| Auto Trading | |
| Yes (APIs) | Yes (APIs) |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Build a diverse portfolio while learning from experienced investors and saving time on market research. | Follow and profit from top traders using IFC Market's copy solution. |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Yes | Yes (Via Chartist Software) |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | Yes |
| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Access thousands of CFDs with competitive pricing and leverage up to 1:500. A range of asset classes are available, including currencies, shares, indices, metals and commodities. CFDs can be traded on the market-leading MetaTrader platforms. | IFC Markets clients can access CFDs across commodities, cryptos, indices and ETFs. I’m pleased to see that assets are all available on MT4, MT5 and NetTradeX with decent leverage rates of up to 1:400. |
| Leverage | |
| 1:500 | 1:400 |
| FTSE Spread | |
| Not offered | 300 |
| GBPUSD Spread | |
| 0.8 | 3 |
| Oil Spread | |
| 0.03 | 12 |
| Stocks Spread | |
| Variable | Variable |
| Forex Trading | |
| MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted. | I like that there’s a decent range of 50+ major, minor and exotic forex pairs available at IFC Markets, with just a $1 minimum deposit. That said, spreads are fixed from 1.8 pips, which isn’t the lowest I’ve seen. |
| GBPUSD Spread | |
| 0.8 | 3 |
| EURUSD Spread | |
| 0.3 | 1.8 |
| EURGBP Spread | |
| 0.8 | 1.8 |
| Assets | |
| 45+ | 50 |
| Currency Indices | |
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| Cryptocurrency | |
| Trade a selection of the top cryptos against the US Dollar, including Bitcoin, Polkadot and Stellar with 50% leverage. Traders also benefit from fast execution speeds of <20ms. | IFC Markets also boasts a good selection of 15 cryptocurrency CFD pairs and I’m particularly impressed to see Bitcoin futures on offer. The free demo account is an excellent place to start if you want to practice your crypto trading strategies. |
| Spread | |
| Floating | 50 pips |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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MultiBank FX vs |
IFC Markets vs |