IC Markets
MultiBank
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Recommended for Forex and CFD traders familiar with the MetaTrader trading platform
Australia
USA
Fees
Low trading and non-trading fees
Low trading and non-trading fees, no withdrawal fee
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
7
Deposit type
Withdrawal type
Account opening
$200
$50
1 day
1 day
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement / tax statement from last 3 months
Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 74.32% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Mid-range
Customer service
Security
€20,000 protection for customers under CySEC, no protection for others
USD 1 million
2007
2005
Cyprus, Australia, Seychelles
Australia, UAE, British Virgin Islands
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
IC Markets's service is on par with MultiBank's and a comparison of their fees shows that IC Markets's fees are lower than MultiBank's.
Account opening takes about the same effort at IC Markets compared to MultiBank, deposit and withdrawal processes are somewhat easier at IC Markets, while customer service quality is somewhat lower than MultiBank's.
Our experts rated the trading platform of IC Markets as being of the same quality as the platform of MultiBank, found that clients have access to about the same number of markets and products with IC Markets, while MultiBank provides just about the same quality of research and education.