Introduction to MultiBank Group Review 2022:
Scam brokers pose an eternal danger to the financial markets. Although the various regulated brokerage firms provide the customers with security, the scam brokers lurking in the market can be dangerous. These scam brokers lure in the customers using high leverages and 100% bonuses. Upon coercing the customers to invest their money, these scam brokers give them the false hope of earning huge profits and then run away with the money of these innocent customers.
In this review, we will be reviewing one such broker that poses various red flags. MultiBank Group claims to have been in the market since 2005. The company also claims to have various licenses. To know more about the red flags that are posed by MultiBank Group, read the full review.
About MultiBank Group Review 2022:
Is MultiBank Group regulated by any of the regulators?
Although MultiBank Group claims to have been regulated by various top-tier regulators on their website, upon cross-checking with the official websites of these regulators, we got to know that MultiBank Group is lying about all of it. MultiBank Group is clearly unregulated and just trying to trick potential customers into investing with them. If you are looking forward to trading or investing with any brokerage firm, you must cross-check for the validity of the license with the official regulator. This is the first red flag in this MultiBank Group review.
What is the leverage offered by MultiBank Group?
In the financial market, the regulated brokerage firms offer leverage in the range of 1:10 to 1:50. Due to the risk associated with high leverages, various countries have limited the maximum amount of leverage that can be offered in their countries to 1:30 and 1:50. In our case, MultiBank Group offers leverage of 1:500 which is almost 10 higher than the leverage offered by the regulated brokerage firms. This poses the second red flag against MultiBank Group in this review.
What is the minimum deposit demanded by MultiBank Group?
Before revealing the minimum deposit demanded by MultiBank Group, you must know that minimum deposits are demanded between 5 to 10 dollars usually. In comparison to this, the minimum deposit demanded by MultiBank Group is $1000. This is a huge amount and is a clear indicator that MultiBank Group is up to something wrong. This poses yet another red flag against MultiBank Group in this review.
Conclusion: Is MultiBank Group a scam or legit?
To sum up, all that has been said above, we leave the decision of whether MultiBank Group is a scam or not upon you. However, we must warn you that MultiBank Group does not pose a license and is also issued a warning by FPA. If you have been scammed by MultiBank Group in the past or now, do not worry at all. File a complaint with us by filling the form on our home page. Our esports will analyze the report and get back to you with the worthy solutions to get your money back.
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