For Fund Recovery from MultiBank Group Broker – Fill out the short Complaint form
Detailed MultiBank Group Review – Potential Scam Broker 2022
Today there are uncountable number of trading scams including Forex trading scams, Binary trading scams, Cryptocurrency scams, Bitcoin scams, Romance scams, etc. According to our research and findings, many of this broker’s clients lose their deposits. Fraud Reports Online does not recommend the investors to trade with the broker as the loss percentage with them can be higher than that of other trading brokers.
There are many suspicious things with regard to this broker.
From unclear information to all the way of the company’s suspicious activities, it is suspected to be a potential scam broker. We suggest our readers to avoid transactions with this broker as it is claimed to be not a trustworthy trading firm. Here, our expert team has done the full research on the MultiBank Group scam and came up with the required information. This MultiBank Group review gives all the reasons as to why you should avoid investing with the broker. Please note that the findings are based on the information available on internet through trader reviews, complaints received and warnings from the regulating authorities. It is up to the trader to take his/her decision to trade with this broker.
MultiBank Group Review – Broker at a Glance-
Broker Website- https://mexgroup.com/
Warned By- Not Recommended By Fraud Report Online
The regulation status of the broker is the salient feature that does not only ensures the legitimacy of the broker but also offers the safety of the funds. Here, the broker seems not to be regulated by any financial authority. It gives a clear indication of the broker being involved in forex scam activities. Investors should check the our Scam Broker 2022 list, and be aware that the warning given by the financial regulators such as CySec, ASIC, FCA, CNMV, FINMA, etc to the scam brokers are true in their sense and one should not go ahead with the investments with those firms.
MultiBank Group Review: About MultiBank Group Scam
According to the reviews, the investors have nothing good to say about the scam broker. The traders are mostly complaining about the broker with regards to the withdrawal issues, unclear terms and conditions for trading, misleading information on the website, etc. The number of complaints has been registered by the clients, stating the number of issues. Furthermore, the negative reviews and low star ratings conclude that the broker is not up to the expectations of the investors. This MultiBank Group review makes it clear that the clients are not satisfied with their services.
MultiBank Group Review: Regulation Status
MultiBank Group is regulated in the United Arab Emirates, but as per the sources, the license of this broker was canceled by FCA, DFSA, CIMA, and CNMV. Also, ASIC, FCA, and FSC alleged that this broker holds a clone license of these regulators. A lot of complaints have been found against this broker, which is a major red flag for this broker.
Possible Scam Activities of MultiBank Group Broker –
- The broker is making some false claims on their website in order to gain the trust of the investors.
- The regulations and rules are not clear of the broker, stating the unsafety of funds.
- The inability of traders to have smooth communication with the broker and the customer care executives.
- Located in the countries and small islands with no proper regulation where getting registered is easy.
- The promises made by the broker are too good to be true on the basis of returns and earnings.
- Very little or no information is available on the website with regards to the risk warnings.
- Find it difficult to make a withdrawal, as the broker comes with new policies every time.
Scammed ? Tell us Your Story!
If you have fallen prey to a MultiBank Group scam or similar bogus broker, remember that you are not the only one being scammed. There are plenty of traders going through the same. The scam brokers have their methods and techniques of defrauding their clients and disappearing. But, there is always a solution. The investors can take immediate action against the fraud broker by filing a complaint with Fraud Reports Online. We, with our experience and expert knowledge, are here to guide you in a smooth manner.
Also report your case here, if you are a victim of forex scam, cryptocurrency scams, romance scams, tax scam, pension fraud or any other.
File a complaint and tell us your case. Let’s get your lost funds back now!
Visit Fraud Reports Online Facebook Page
Visit Fraud Reports Online Twitter.