Compare Interactive Brokers vs MultiBank


Online brokers compared for fees, trading platforms, safety and more. See how Interactive Brokers stacks up against MultiBank!

Interactive Brokers vs MultiBank
overall rating
4.9
3.8
overall pros
  • Wide range of products
  • Many great research tools
  • Regulated by several authorities
  • Fast and easy account opening
  • Free and multiple deposit and withdrawal options
  • Fast and relevant customer service
overall cons
  • Extremely complex desktop trading platform
  • Complicated account opening process
  • High inactivity fee
  • High stock CFD and inactivity fee
  • Limited product coverage
  • Basic research and educational tools
fees
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Low financing rate
  • Free stock and ETF trading for US clients
  • Inactivity fee
2.6
  • No withdrawal fee
  • Low stock index CFD fees
  • High inactivity fee
  • High stock CFD fees
account opening
3.4
  • Fully digital
  • No minimum deposit for most accounts types
  • Not user-friendly
  • Confusing messages throughout the process
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
  • High minimum deposit for ECN Pro and MultiBank Pro accounts
deposit and withdrawal
2.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
  • Indices
  • Metals
1.4
  • Forex
  • CFD
  • Crypto
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
2.3
  • User-friendly
  • Useful daily newsletters
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • No investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders looking for low fees and a professional trading environment Forex and CFD traders familiar with the MetaTrader 4 trading platform
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