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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
4.8 / 5.0
4.0 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Fast and easy account opening
  • Free and multiple deposit and withdrawal options
  • Fast and relevant customer service
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • Average to high trading fees
  • Limited product portfolio
  • Basic research and educational tools
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
3 stars
  • No withdrawal fee
  • No deposit fee
  • Inactivity fee
  • Not transparent fee structure
  • Average to high trading fees
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
5 stars
  • Fast
  • Fully digital
  • User-friendly
  • High minimum deposit for ECN Pro and MultiBank Pro accounts
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
5 stars
  • Credit/Debit card available
  • Free withdrawal
  • Several account base currencies
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
4 stars
  • User-friendly
  • Modern design
  • Available in several languages
  • No two-step (safer) login
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
1 stars
  • Forex
  • CFD
  • Crypto
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
2 stars
  • Useful daily newsletters
  • No trading ideas
  • No fundamental data available
  • Missing news
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Customer support is only 24/5
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
2 stars
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Regulated by top tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders who prefer low fees and a professional trading environment Forex and CFD traders familiar with MT4 trading platform