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Global Broker Regulation & Inquiry App

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MultGroup

Australia|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.multgroup.com/

Website

Rating Index

Contact

multgroup@multgroup.com
https://www.multgroup.com/
VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
4

Basic information

Registered region
Australia
Operating period
1-2 years
Company Name
MultGroup Limited
Abbreviation
MultGroup
Company employee
--
Customer Service Email Address
multgroup@multgroup.com
Keywords 4
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Account Information
Website
Company Summary
Review

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Official website

Website

  • multgroup.com

    Server Location

    United States

    Website Domain Name

    multgroup.com

    Server IP

    172.67.196.199

Company Summary

MultGroup Information

MultGroup is an accessibility-based platform that includes both web-based versions for users and desktop and mobile ones. It gives many trading resources including currencies, energies, products, and indices, and has an interface in two different types of accounts. The major problem of MultGroup is that it works without regulation which generates several threats to users.

MultGroup Information

Pros and Cons

ProsCons
  • Easy-to-use platform with desktop and mobile access
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Offers two account types and a demo account
  • Limited customer support methods
  • Offers multiple assets to trade

Is MultGroup Legit?

MultGroup operates without any regulatory body to oversee its operation. Such absence of rules may place investors at a higher risk, given that there is no institution to monitor. The domain multgroup.com was registered on May 15, 2024, and is currently in a status where the owner has prohibited domain transfers.

Is MultGroup Legit?
Is MultGroup Legit?

What Can I Trade on MultGroup?

MultGroup avails its users the ability to transact through the following derivatives: CFDs for currency pairs, energies, commodities, and indices.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Metals
Futures
Stock
Option

Account Type

MultGroup offers two types of accounts: Standard and ECN. It also provides a demo account which would enable the less experienced users to practice for free. The Standard account allows trading with no commissions and starting at 1 pip spreads which are designed for new entrants or those that trade small lots. The ECN account, on the other hand, comes with a round turn commission of $6 and spreads start from 0. It is most suitable for high-frequency traders apart from those clients who want the highest level of price transparency.

Account Type

MultGroup Fees

FeatureStandard AccountECN Account
Minimum SpreadFrom 1 pipFrom 0.0 pip
Commission$0 commission$6 commission per round trade
LeverageUp to 500:1Up to 500:1
Minimum Deposit$200$200

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for what types of traders
MetaTrader DesktopPCInvestors of all experience levels
MetaTrader MobileApple & GoogleInvestors of all experience levels
Trading Platform
Trading Platform

Customer Service

You can reach out to MultGroup's 24-hour Live Support by email at multgroup@multgroup.com

Contact OptionsDetails
PhoneN/A
Emailmultgroup@multgroup.com
Supported LanguageEnglish, Chinese, Japanese, Korean, German, French, Russian, Portuguese, Italian, Thai, and Vietnamese

The Bottom Line

MultGroup presents diverse tradable assets with currencies, commodities, and indices available through standard and ECN accounts with a convenient working terminal. However, unregulated space might put the user at risk of unexpected negative experiences. On this basis, MultGroup appears to be most advantageous to trades who are eager to perform their research themselves and those who do not have qualms about engaging in unregulated trading.

FAQs

Is MultGroup good for beginners?

No. Due to the lack of regulation and potential risks, MultGroup is not suitable for beginners.

Is MultGroup good for day trading?

No. The platform may offer features suitable for day trading, but the lack of regulation remains a major concern.

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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