IG
Multibank Group
IG vs Multibank Group
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
IG and Multibank Group are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. IG, founded in 1974 and headquartered in London, UK, is regulated by FCA, ASIC, MAS, BaFin and offers spreads starting from 0.6 pips with a minimum deposit of $250. 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, IG scored 9.2/10 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
- 📊
IG scores 9.2/10 overall vs 8/10 for Multibank Group — a 1.2-point difference.
- 💵
Multibank Group requires just $50 to start, while IG needs $250 — Multibank Group is 5x more accessible.
- 📈
IG offers 17,000+ instruments vs 1,000+ at Multibank Group — a massive gap in market coverage.
- 🖥️
IG runs on IG Platform, MT4, ProRealTime, L2 Dealer, while Multibank Group uses MT4, MT5, Multibank Pro — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Platforms & Tools: IG scores 9.5 vs 7.5 for Multibank Group — a 2.0-point difference.
Our Verdict
IG
Score: 9.2/10 · Wins 6 categories- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
Multibank Group
Score: 8.0/10 · Wins 0 categories- You prefer a low minimum deposit ($50)
- You prefer Multibank Group's trading environment overall
IG takes the lead with an overall score of 9.2/10 compared to 8/10, winning in 6 out of 8 scoring categories. IG stands out for better trading platforms and stronger regulation, while Multibank Group remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, IG comes out ahead with a 9.2/10 overall rating, winning 6 out of 8 categories. Its strongest area is Regulation & Trust where it scores 10.0/10. IG 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 IG review and Multibank Group review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
IG wins by 2.0 points
IG wins by 1.5 points
IG wins by 2.0 points
IG wins by 0.5 points
IG wins by 2.0 points
IG wins by 1.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 9.2/10 ✓ | 8.0/10 |
| Min Deposit Lower is better | $250 | $50 ✓ |
| Max Leverage | 1:200 | 1:500 |
| Spreads From | 0.6 pips | 0.0 pips |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | MT4, MT5, Multibank Pro |
| Regulation | FCA, ASIC, MAS, BaFin | ASIC, BaFin, DFSA, CIMA |
| Founded Older track record highlighted | 1974 ✓ | 2005 |
| Markets | 17,000+ ✓ | 1,000+ |
Fees & Costs
When it comes to trading costs, IG has the edge with a score of 8.5/10 versus 8.5/10 for Multibank Group. IG offers spreads starting from 0.6 pips, while Multibank Group starts from 0.0 pips. The minimum deposit at IG is $250, 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
IG scores 9.5/10 for platforms compared to 7.5/10 for Multibank Group. IG provides IG Platform, MT4, ProRealTime, L2 Dealer, 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. IG is regulated by FCA, ASIC, MAS, BaFin (Tier 1), while Multibank Group holds licenses from ASIC, BaFin, DFSA, CIMA (Tier 1). IG scores 10/10 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, IG leads with 9/10 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. IG 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
IG offers 24/5 Live Chat, Email, Phone and scores 8.5/10, 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
IG scores 8/10 for deposits and withdrawals, while Multibank Group scores 8/10. IG accepts Bank Transfer, Credit Card, PayPal, and Multibank Group supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. IG requires a minimum deposit of $250 versus $50 for Multibank Group. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose IG if you...
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
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 IG better than Multibank Group?
IG scores higher overall (9.2/10 vs 8/10), winning 6 of 8 categories. However, Multibank Group remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, IG or Multibank Group?
IG scores higher for trading costs. IG offers spreads from 0.6 pips with a $250 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 IG safe to trade with?
IG is regulated by FCA, ASIC, MAS, BaFin and scores 10/10 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, IG or Multibank Group?
IG scores 9.5/10 for platforms. IG offers IG Platform, MT4, ProRealTime, L2 Dealer, 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 IG vs Multibank Group?
IG requires a minimum deposit of $250, 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.