iFOREX Europe Vs. MultiBank - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 89.13% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies.	MultiBank (MultiBank FX, MultiBank Group) is a global broker founded in 2005 that specialises in CFDs trading via MetaTrader 4 and 5 platforms.
Best For
Beginner traders with little to no experience looking to test a simple platform	Traders looking for an off-shore broker connected to a well regulated parent group that provides high leverage Stock CFDs traders looking for wide share variety FX Traders that don’t scalp and are looking for competitive ECN accounts
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 4 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus)	ASIC (Australia) BaFin (Germany) CIMA (Cayman Islands) FSC (British Virgin Islands) FMA (Austria) MAS (Singapore) TFG (Tianjin) VFSC (Vanuatu)
The Good
Extremely simple platform designed for beginners with little needs	Great asset variety (over 13,000+) Competitive commissions on Pro and ECN accounts ($3 per lot side) High leverage offering (Up to 1:500)
The Bad
High spreads on all of their instruments Web and mobile platforms are slow and lack tools Their FAQ database doesn’t effectively answer the most common questions any trader could have	Complicated legal regulatory framework due to being a group as it’s hard to understand which of their companies do what and on which entity does a customer trade or is being protected by regulation Scalping not allowed (120 seconds time limit for FX and commodities and 300 second limit for other CFDs) Expensive inactivity fee, $60 monthly after 90 days of inactivity.
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2018	2005
💳 Minimum Deposit Range
$200	From $50 to $5,000
💰 Payment Methods
Bank Transfer Credit Card Debit Card	Visa Mastercard Bank Transfer PayTrust Praxis Pagsmile Skrill Neteller Plus Wallets Payment Asia GlobePay POLi Bitcoin
💵 Account Base Currencies
1 - EUR	17 - USD, EUR, AUD, AED, GBP, CHF, CAD, MYR, THB,VND, IDR, BRL, MXN, CLP, PEN, GTQ, NIO.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR, JP.	US, CA, SY, IR.
📊 STP Account
Yes	No
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
584	13,925
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
400	12,825
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
50	41
📗 Commodities
0	0
📗 Commodities CFDs
19	21
📕 Indices
0	0
📕 Indices CFDs
32	27
📔 ETFs
0	0
📔 ETFs CFDs
42	1,000
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
41	11
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value	1 Share
📉 Minimum ETFs Trade Size
$2,500 in trade value	1 ETF
📈 Minimum Crypto Trade Size
$2,500 in trade value	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$2,500 in trade value	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$2,500 in trade value	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	500
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
No	No
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
No	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.	After 90 days of inactivity, $60 every month.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
No for credit cards but yes for bank wires (up to $20).	None
💰 Commissions
None	None on Standard accounts. Yes in Pro and ECN accounts of $3 per lot side.
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips	Dynamic - From 0.1 to 1.2 Pips
📉 SP500
Dynamic - From 90 Pips	Dynamic - From 2 to 50 Pips
📈 GOLD
Dynamic - From 35 Pips	Dynamic - From 2 to 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3	Unavailable
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips	Unavailable
📉 BTC
Dynamic - From $120	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	Yes
📡 Webinars
Yes	No