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    MultiBank Group

    • Hong Kong Hong Kong
    • 10-15 years
    • Regulated in Australia
    • Market Making(MM)
    • MT4/5 full license
    • Regional Brokers
    Open Account
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    Warning: Low score, please stay away! 11
    2022.05.23

    The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist; please be aware of the risk!

    The number of the complaints received by WikiFX have reached 420 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    • Account
    • Benchmark
    Comparison
    MT4 Download
    • MEX SPORTS
    • standard
    • pro account
    • ECN account
    • Benchmark A
    • Maximum Leverage 1:100
    • Minimum Deposit $200
    • Minimum spread --
    • Products --
    • Currency --
    • Benchmark A
    • Maximum Leverage 1:500
    • Minimum Deposit $200
    • Minimum spread from 1.5 pips
    • Products --
    • Currency --
    • Benchmark A
    • Maximum Leverage 1:500
    • Minimum Deposit $1000
    • Minimum spread from 0.8 pips
    • Products --
    • Currency --
    • Benchmark A
    • Maximum Leverage 1:500
    • Minimum Deposit $5000
    • Minimum spread from 0.0 pips
    • Products --
    • Currency --
    • Currency --
    • Minimum position --
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position --
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position --
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position --
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • WikiFX Data
    • Marketing Strategy
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    Total Margin

    Active Trade

    New User

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    Total Profit

    Total lots

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    Net Deposit

    Net Withdraw

    No data
    Brokers MultiBank Group Reportedly to File a Lawsuit against von Der Heydt Group

    There are accusations of alleged breaches of regulations on Luxembourg and German laws from a joint venture.

    WikiFX
    2022/2/18 10:40:46
    MultiBank Group Reportedly to File a Lawsuit against von Der Heydt Group
    Brokers MULTIBANK GROUP TAKES GERMAN PARTNER VON DER HEYDT GROUP TO COURT

    MultiBank Group is suing Von der Heydt (VDH) Group over murky transactions in mutual funds undertaken by the German a private investment and real estate firm. The multi-regulated broker accuses VDH of fraud, breach of fiduciary duty and bad-faith dealings.

    WikiFX
    2022/2/18 10:37:12
    MULTIBANK GROUP TAKES GERMAN PARTNER VON DER HEYDT GROUP TO COURT
    Brokers MULTIBANK GROUP TO PAY NOTEHOLDERS AND SUE VON DER HEYDT GROUP FOR €187 MILLION

    The MultiBank Group, one of the world’s largest and foremost online financial derivatives brokers, is at the final stages to commence proceedings against the Von der Heydt Group of Germany.

    WikiFX
    2021/12/13 4:02:21
    MULTIBANK GROUP TO PAY NOTEHOLDERS AND SUE VON DER HEYDT GROUP FOR €187 MILLION

    MultiBank Group

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    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      MEX AUSTRALIA PTY LTD

      Effective Date :

      2012-03-20
    • Email Address of Licensed Institution :

      c.fitzsimmons@mexexchange.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      MEX AUSTRALIA PTY LTD, 'Mlc Centre' Suite 03 Level 61, 19-29 Martin Place SYDNEY NSW 2000

      Phone Number of Licensed Institution :

      0291954001
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3 Annex4
    Dubai Financial Services Authority

    Dubai Financial Services Authority (DFSA)

    The Dubai Funancial Service Authority (DFSA) isthe indepentent regulator of financial services conducted in or from the DIFC, a purpose-built financial free zone in Dubai, UAE.The DFSA’s regulatory mandate includes asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange, and an international commodities derivatives exchange. In addition to regulating financial and ancillary services, the DFSA is responsible for supervising and enforcing anti-money laundering (AML) and counter-terrorist financing (CTF) requirements applicable in the DIFC. The DFSA has also accepted a delegation of powers from the DIFC Registrar of Companies (RoC) to investigate the affairs of DIFC companies and partnerships where a material breach of DIFC Companies Law is suspected and to pursue enforcement remedies available to the Registrar.

    • Licensed Institution :

      MEX Australia PTY (DIFC Branch)

      Effective Date :

      2020-08-24
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      Unit 8, Level 3, Gate Village Building 10, DIFC, PO Box 324055, Dubai, UAE

      Phone Number of Licensed Institution :

      971 4 401 9120
    • Licensed Institution Certified Documents :

      Annex1
    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institution :

      MEX International Limited

      Effective Date :

      2019-06-11
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      2020-01-31
    • Address of Licensed Institution :

      Fountain House 130 Fenchurch Street London EC3M 5DJ UNITED KINGDOM

      Phone Number of Licensed Institution :

      +44 2074489800
    • Licensed Institution Certified Documents :

      Annex1 Annex2
    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institution :

      M B Structured Investments (UK) Limited

      Effective Date :

      2020-06-29
    • Email Address of Licensed Institution :

      robbie@mbstructuredinvestments.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.mbstructuredinvestments.com

      Expiry Date :

      --
    • Address of Licensed Institution :

      55 King William Street London EC4R 9ADE C 4 R 9 A D UNITED KINGDOM

      Phone Number of Licensed Institution :

      +442071291246
    • Licensed Institution Certified Documents :

      Annex1
    Vanuatu Financial Services Commission

    Vanuatu Financial Services Commission (VFSC)

    The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.

    • Licensed Institution :

      MEX PACIFIC (V) LTD

      Effective Date :

      2021-04-19
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1
    British Virgin Islands Financial Services Commission

    British Virgin Islands Financial Services Commission (FSC)

    The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.

    • Licensed Institution :

      MultiBank FX International Corporation

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 Annex2
    Cayman Islands Monetary Authority

    Cayman Islands Monetary Authority (CIMA)

    The Cayman Islands Monetary Authority (CIMA)was established as a body corporate under the Monetary Authority Law on 1 January 1997. CIMA is created from the merger of the Financial Services Supervision Department of the Cayman Islands Government and the Cayman Islands Currency Board and it takes over the former responsibilities, duties and activities of these two bodies which include the issue and redemption of Cayman Islands currency and the management of currency reserves; the regulation and supervision of financial services, the monitoring of compliance with money laundering regulations, the issuance of a regulatory handbook on policies and procedures and the issuance of rules and statements of principle and guidance; the provision of assistance to overseas regulatory authorities, including the execution of memoranda of understanding to assist with consolidated supervision and the provision of advice to the Government on monetary, regulatory and cooperative matters.

    • Licensed Institution :

      MEX Wealth Management Corporation

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 Annex2
    Federal Financial Supervisory Authority

    Federal Financial Supervisory Authority (BaFin)

    Prior to 2002, in Germany the regulation of the financial industry was undertaken by three separate agencies. In May 2002 BaFin was formed, following the passing of the Financial Services and Integration Act. The aim of the Act and the merging of the three agencies was to create one integrated financial regulator that would be able to cover all financial markets. The agencies that merged together were the Federal Banking Supervisory Office, the Federal Supervisory Office for Securities Trading, and the Federal Insurance Supervisory Office.BaFin was given further responsibility following the passing of the Banking Act in 2003 with the aim of increasing customer protection and improving the reputation of the German financial system. The extra powers included monitoring the credit-worthiness of financial institutions and collecting detailed information about them. This particular area of responsibility was shared with the Bundesbank. Currently, BaFin is experiencing a kind of transition, as the responsibility for banking supervision is being taken over by the European Central Bank.

    • Licensed Institution :

      MEX Asset Management GmbH

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      Mergenthalerallee 10 - 12 65760 Eschborn, Taunus Deutschland

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1
    Comisión Nacional del Mercado de valores

    Comisión Nacional del Mercado de valores (CNMV)

    The National Securities Market Commission (CNMV) is the body responsible for the supervision and inspection of Spanish securities markets and the activity of all those involved in them. The CNMV was created by Securities Market Law 24/1988, which represented a thorough reform of this segment of the Spanish financial system; and since then, its regime has been updated to adapt to the evolution of financial markets and to introduce new measures to protect investors.The aim of the CNMV is to ensure the transparency of Spanish securities markets and the correct formation of prices, as well as the protection of investors.

    • Licensed Institution :

      MEX ASSET MANAGEMENT GMBH, SUCURSAL EN ESPAÑA

      Effective Date :

      2019-04-05
    • Email Address of Licensed Institution :

      cesar.navarro@multibankfx.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      RAMBLA DE CATALUÑA 55, 6TH PLANT, PUERTA A - 08026 BARCELONA (BARCELONA)

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3

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    MultiBank Group

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    MultiBank Group
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
    Related Photos
    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

    Confirm

    MultiBank Group · Company summary

      General Information & Regulation of Multibank Group

      MultiBank Group Corporation has been operating since 2005 when its first company was registered in California (USA). MultiBank Group is currently licensed by six international regulators: Australian ASIC, German BaFin, Austrian FMA, Spanish CNMV, BVI FSC, and Cayman Islands CIMA.

      Market Instruments

      Through Multibank Group, investors can trade popular financial instruments, including foreign exchange currency pairs, individual stocks, bonds, indices, and spot metals.

      Minimum Deposit of Multibank Group

      Multibank Group's customer sopport staff claims that there are three platforms containing different minimum deposits. The minimum initial deposit of opening a standard account is $200, which is slightly inconsistent with the following details.

      Leverage of Multibank Group

      MexGroup permits the high leverage ratios up to 1:500 available for retail traders. Obtained leverage also depending on the instrument traders trade, as well as defined by the level of trader, thus professionals access higher levels once confirming its status. Retail traders leverage is maximum 1:500 for major currency pairs, 1:100 for commodities.

      Spreads & Commissions of Multibank Group

      Multibank Group offers the floating spread, EURUSD spread from 0.0 pips, GBPUSD from 0.7 pips, XAUUSD from 0.2 pips, XAGUSD from 6.8 pips, EURGBP 0.1 pips, GBPJPY from 0.2 pips, Brent Oil and US Oil both 3.0 pips. When it comes to commissions, the ECN Pro account charges certain fees in addition to spreads, while other two accounts calculate trading cost all into spreads.

      Trading Platform of Multibank Group

      Multibank Group provides traders with several trading platform options, ECN Pro, Multibank Pro, Maximus platform, MT4 and MT5 trading platforms.

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      Deposit & Withdrawal

      Multibank Group offers traders a variety of convenient and secure ways to deposit and withdraw funds, mainly through debit cards, credit cards, wire transfers, UnionPay, FasaPay, Skrill, and Neteller. There are no fees for accessing funds.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.