MultiBank FX vs IIFL

MultiBank FX vs IIFL Comparison Table 2022
MultiBank FX IIFL
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading. IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees.
Awards
Best FX Service Provider 2020 - International Business Magazine
Best FX Customer Service 2020 - Forex Awards
Best Apac Region Broker 2020 - International Financial Awards
Best Forex & CFD Broker 2019 - Jordan Forex & Expo Awards
Financial Services Provider of the Year Asia 2019 - Global Brands Magazine
Best Forex Trading Platform Hong Kong 2018 - International Finance Magazine
Bonus
20% deposit bonus Gift vouchers worth up to ₹5000
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Stocks, Futures, Options, Forex
Demo Account
Yes No
Minimum Deposit
$50 1000 Rs
Payment Methods
Credit Card, Mastercard, Neteller, Perfect Money, Skrill, Swift, Visa, Wire Transfer Cheque, Wire Transfer
Minimum Trade
0.1 lots
Regulator
ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA SEBI
Margin Trading
No Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No -
OmniTrader
No No
TradingView
No -
Autochartist
- -
eSignal
- -
Trading Central
- -
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 Yes
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes IIFL Markets & IIFL Mutual Funds
Auto Trading
Yes (APIs) -
Trade Signals
Yes -
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
Yes No
Copy Trading
Yes No
Islamic Account
Yes No
Account Currencies
- INR
Stock Exchanges
- Bombay Stock Exchange, National Stock Exchange Of India
CFD
Trade contracts for difference across markets with up to 1:500 leverage. CFD trading not offered
Leverage
1:500
FTSE Spread
Not offered
GBPUSD Spread
0.8
Oil Spread
0.03
Stocks Spread
Variable
Forex
MultiBank FX offers investing in leading major, minor and exotic currency pairs. IIFL offers forex trading on a range of pairs with the Indian Rupee (INR).
GBPUSD Spread
0.8 Not offered
EURUSD Spread
0.3 Not offered
EURGBP Spread
0.8 Not offered
Assets
45+ 20+
Cryptocurrency
Trade a selection of the top cryptos against the US Dollar with 50% margin. Crypto trading not offered
Spread
Floating
Coins
BTC, LTC, ETH, XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- -
Auto Market Maker
No No
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