IC Markets
Multibank Group
IC Markets vs Multibank Group
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
IC Markets and Multibank Group are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. IC Markets, founded in 2007 and headquartered in Sydney, Australia, is regulated by ASIC, CySEC, FSA and offers spreads starting from 0.0 pips with a minimum deposit of $200. Multibank Group, established in 2005 in Dubai, UAE, holds licenses from ASIC, BaFin, DFSA, CIMA with spreads from 0.0 pips and a $50 minimum deposit. In our hands-on testing across 8 scoring categories, IC Markets scored 8.8/10 overall compared to Multibank Group's 8/10, making it the stronger pick for most traders. That said, Multibank Group holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
IC Markets scores 8.8/10 overall vs 8/10 for Multibank Group — a 0.8-point difference.
- 💵
Multibank Group requires just $50 to start, while IC Markets needs $200 — Multibank Group is 4x more accessible.
- 📈
IC Markets offers 2,200+ instruments vs 1,000+ at Multibank Group — a massive gap in market coverage.
- 🖥️
IC Markets runs on MT4, MT5, cTrader, while Multibank Group uses MT4, MT5, Multibank Pro — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Platforms & Tools: IC Markets scores 9.0 vs 7.5 for Multibank Group — a 1.5-point difference.
Our Verdict
IC Markets
Score: 8.8/10 · Wins 5 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
Multibank Group
Score: 8.0/10 · Wins 0 categories- You prefer a low minimum deposit ($50)
- You prefer Multibank Group's trading environment overall
IC Markets takes the lead with an overall score of 8.8/10 compared to 8/10, winning in 5 out of 8 scoring categories. IC Markets stands out for lower trading costs and better trading platforms, while Multibank Group remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, IC Markets comes out ahead with a 8.8/10 overall rating, winning 5 out of 8 categories. Its strongest area is Trading Costs where it scores 9.5/10. IC Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Multibank Group is not without merit — it scores 8/10 overall and excels in Trading Costs (8.5/10). For a complete breakdown, read our full IC Markets review and Multibank Group review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
IC Markets wins by 1.0 points
IC Markets wins by 1.5 points
IC Markets wins by 0.5 points
IC Markets wins by 0.5 points
IC Markets wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.8/10 ✓ | 8.0/10 |
| Min Deposit Lower is better | $200 | $50 ✓ |
| Max Leverage | 1:500 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, cTrader | MT4, MT5, Multibank Pro |
| Regulation | ASIC, CySEC, FSA | ASIC, BaFin, DFSA, CIMA |
| Founded Older track record highlighted | 2007 | 2005 ✓ |
| Markets | 2,200+ ✓ | 1,000+ |
Fees & Costs
When it comes to trading costs, IC Markets has the edge with a score of 9.5/10 versus 8.5/10 for Multibank Group. IC Markets offers spreads starting from 0.0 pips, while Multibank Group starts from 0.0 pips. The minimum deposit at IC Markets is $200, compared to $50 at Multibank Group. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
IC Markets scores 9/10 for platforms compared to 7.5/10 for Multibank Group. IC Markets provides MT4, MT5, cTrader, while Multibank Group offers MT4, MT5, Multibank Pro. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. IC Markets is regulated by ASIC, CySEC, FSA (Tier 1), while Multibank Group holds licenses from ASIC, BaFin, DFSA, CIMA (Tier 1). IC Markets scores 9/10 and Multibank Group scores 8.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, IC Markets leads with 7/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. IC Markets and Multibank Group both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
IC Markets offers 24/7 Live Chat, Email, Phone and scores 8/10, while Multibank Group provides 24/7 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
IC Markets scores 8.5/10 for deposits and withdrawals, while Multibank Group scores 8/10. IC Markets accepts Bank Transfer, Credit Card, PayPal, Skrill, Neteller, UnionPay, and Multibank Group supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. IC Markets requires a minimum deposit of $200 versus $50 for Multibank Group. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose IC Markets if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
Choose Multibank Group if you...
- You prefer a low minimum deposit ($50)
- You prefer Multibank Group's trading environment overall
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is IC Markets better than Multibank Group?
IC Markets scores higher overall (8.8/10 vs 8/10), winning 5 of 8 categories. However, Multibank Group remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, IC Markets or Multibank Group?
IC Markets scores higher for trading costs. IC Markets offers spreads from 0.0 pips with a $200 minimum deposit, while Multibank Group starts from 0.0 pips with $50 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is IC Markets safe to trade with?
IC Markets is regulated by ASIC, CySEC, FSA and scores 9/10 for regulation. Multibank Group is regulated by ASIC, BaFin, DFSA, CIMA with a score of 8.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, IC Markets or Multibank Group?
IC Markets scores 9/10 for platforms. IC Markets offers MT4, MT5, cTrader, while Multibank Group provides MT4, MT5, Multibank Pro. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for IC Markets vs Multibank Group?
IC Markets requires a minimum deposit of $200, while Multibank Group requires $50. Multibank Group has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.