Broker comparison
IC Markets vs MultiBank Group
This page helps you compare IC Markets and MultiBank Group by building a verification checklist rather than crowning a single winner. The right choice depends on your location, the entity that would hold your account, the instruments you trade and the costs that apply to your style. Use the points below to confirm each detail against current broker documents before funding an account.
IC Markets
Current broker data
- Rating
- 4.5 / 5
- Minimum deposit
- $200
- Regulator labels
- ASIC, CySEC, FSA, CMA
- Markets listed
- Forex, Commodities, Indices, Cryptocurrencies, Stocks
- Editorial status
- No current notice
MultiBank Group
Current broker data
- Rating
- 4.4 / 5
- Minimum deposit
- $50
- Regulator labels
- ASIC, AUSTRAC, BAFIN, CIMA +10
- Markets listed
- Forex, CFDs on Metals, CFDs on Shares, CFDs on Indices, CFDs on Commodities +1
- Editorial status
- Editorial notice
Editorial notice
MultiBank Group and MEX Exchange both operate under ASIC license 416279, held by MEX Australia Pty Ltd (issued 20 March 2012; ACN 155 084 058; registered in Sydney NSW). These two brokers are corporate-linked under shared regulatory coverage rather than independent alternatives.
How to read this comparison
The facts below come from InvestorTrip's current broker database and linked review pages. They are a screening aid, not a claim that a broker is available, cheaper or safer for every country, account type or legal entity.
Regulation and account entity
Brokers often operate multiple legal entities, and the protections you receive depend on which one accepts your application. Confirm the registered entity, its licensing status and any client-money arrangements directly on each broker's own disclosures before comparing anything else.
Key checks: Identify which IC Markets and MultiBank Group entity would onboard your residency.; Check the regulator, licence number and any negative-balance or client-fund terms on official pages.; Note that investor-compensation coverage can differ by entity and country..
Fees, spreads and platforms
Trading cost is a mix of spreads, commissions, swap or overnight charges and non-trading fees such as withdrawals or inactivity. Because these numbers change, treat any figure you see as provisional until confirmed on the live fee schedule for the specific account type you plan to open.
Key checks: List spread, commission and swap terms for the exact account and instrument you want.; Compare deposit, withdrawal and inactivity charges side by side.; Confirm which trading platforms and order types each broker supports..
Products, support and suitability
Match each broker's product range and service model to how you actually intend to trade or invest. The instruments, leverage caps and support channels available to you can vary by region, so verify the specifics for your account rather than assuming parity between the two brokers.
Key checks: Check available markets and whether leverage limits fit your plan.; Review funding methods, base currencies and processing times.; Test customer support responsiveness and available languages before committing..
Verdict
Neither IC Markets nor MultiBank Group is a universal winner. Use the checklist to confirm regulation, fees and platform fit for your situation, then choose the broker whose verified terms match your trading plan.