IG Vs. MultiBank - Compare Trustworthiness, Capabilities, Fees and Legitimacy

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

MultiBank (MultiBank FX, MultiBank Group) is a global broker founded in 2005 that specialises in CFDs trading via MetaTrader 4 and 5 platforms.

• Professional traders looking to exploit their customisable platform and broad asset offering
• High volume traders that can offset their commission costs by trading in larger volumes

• 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

• ASIC (Australia)
• FMA (New Zealand)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

• ASIC (Australia)
• BaFin (Germany)
• CIMA (Cayman Islands)
• FSC (British Virgin Islands)
• FMA (Austria)
• MAS (Singapore)
• TFG (Tianjin)
• VFSC (Vanuatu)

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

• Great asset variety (over 13,000+)
• Competitive commissions on Pro and ECN accounts ($3 per lot side)
• High leverage offering (Up to 1:500)

• There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
• Their standard contracts can be too large some times for low volume traders

• 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.

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• 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.

• Visa
• Mastercard
• Bank Transfer
• Paypal

• Visa
• Mastercard
• Bank Transfer
• PayTrust
• Praxis
• Pagsmile
• Skrill
• Neteller
• Plus Wallets
• Payment Asia
• GlobePay
• POLi
• Bitcoin

SY, IR.

US, CA, SY, IR.

After 24 months of inactivity, IG charges an $18 monthly fee.

After 90 days of inactivity, $60 every month.

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

• None on Standard accounts.
• Yes in Pro and ECN accounts of $3 per lot side.