Higher Rated
IG Group
Capital at risk · T&Cs apply
When comparing IG Group and MultiBank Group, traders will find distinct differences in their offerings and target audiences. IG Group, with over 50 years of experience, appeals to traders seeking a comprehensive range of markets and robust research tools, backed by top-tier regulation and advanced charting options. Conversely, MultiBank Group attracts cost-conscious traders with its lower minimum deposit and higher leverage of up to 1:500, though it offers a slightly lower overall rating. Each broker caters to different trading preferences, with IG Group suited for those who prioritise market access and research, while MultiBank Group is ideal for those focused on cost efficiency and leverage.
IG Group
MultiBank Group
| IG Group | MultiBank Group | |
|---|---|---|
| BrokerRank Score | 4.3/5 ✓ | 3.6/5 |
| Min. Deposit | $250 ✓ | $50 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:200 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | ASIC, FCA, CySEC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5 |
IG Group is the better choice overall, scoring 4.3/5 vs 3.6/5 on BrokerRank's independent rating. On fees, MultiBank Group offers lower spreads (0 pips).
See full side-by-side comparison belowIG Group
WinnerMultiBank Group
IG Group
MultiBank Group
IG Group is a well-established broker, founded in 1974 and headquartered in London, UK. It is regulated by several top-tier regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), and the Securities and Exchange Commission (SEC) in the United States. This multi-jurisdictional regulation provides a robust safety net for traders, ensuring compliance with strict financial standards and offering confidence in fund protection through segregated client accounts.
MultiBank Group, founded in 2005 and headquartered in Dubai, UAE, is regulated by multiple authorities, including ASIC, the FCA, and the Cyprus Securities and Exchange Commission (CySEC). The broker boasts an extensive regulatory footprint with oversight from over 14 regulatory bodies. This global regulatory coverage offers significant fund protection and adds a layer of trust for international clients, although the details of fund protection schemes may vary by jurisdiction.
IG Group offers competitive spreads starting from 0.6 pips with no commission on trades. The minimum deposit requirement is relatively high at $250, which may be a barrier for some novice traders. While there is no commission, traders should be aware of potential inactivity fees if accounts are dormant for more than two years. Despite the complex fee structure, IG Group provides a comprehensive market offering with access to over 17,000 markets.
In contrast, MultiBank Group offers spreads starting from 0 pips, but traders should be prepared to pay a $3 commission per trade. The minimum deposit is more accessible at $50, appealing to beginner traders or those with limited capital. However, the fee structure can be intricate, and potential users should carefully review overnight fees and other cost considerations. MultiBank Group provides leverage options up to 1:500, which may suit those looking for higher risk-reward scenarios.
IG Group offers a variety of trading platforms including its proprietary Web and Mobile platforms, as well as the popular MetaTrader 4 (MT4). These platforms are known for their reliability and feature-rich environments, with IG's proprietary platforms also offering advanced charting tools like ProRealTime. MultiBank Group, on the other hand, provides access to both MetaTrader 4 and MetaTrader 5 (MT5), which are staples in the trading community, though some users may find the platforms slightly outdated compared to more modern interfaces.
IG Group is the preferred choice for professionals due to its extensive market offerings and strong regulatory framework. MultiBank Group is more suitable for beginners, thanks to its lower minimum deposit and higher leverage options. On fees, IG Group offers zero-commission trades but with a higher minimum deposit, whereas MultiBank Group provides tighter spreads but charges a commission per trade.
IG Group
4.3/5
Choose IG Group if you want…
MultiBank Group
3.6/5
Choose MultiBank Group if you want…
IG Group scores higher overall on our independent rating system. IG Group holds a 4.3/5 rating vs MultiBank Group's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
IG Group offers spreads from 0.6 pips, while MultiBank Group starts at 0 pips. Check the fees section above for a full breakdown.
IG Group requires a minimum deposit of $250. MultiBank Group requires $50.
IG Group is regulated by FCA, ASIC, MAS, SEC, while MultiBank Group holds licences from ASIC, FCA, CySEC.
IG Group supports Proprietary Web, Proprietary Mobile, MT4. MultiBank Group supports MT4, MT5.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.