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Mex Multibank Group

China
Entry Time 2020-12-18
2020-12-18Input
http://mt4.mexgroup.tech/
http://mt4.mexgroup.tech/
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2022 years 1 Month
2022-1
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Mex Multibank Group · Company Summary

Note: Mex Multibank Groups official site - http://mt4.mexgroup.tech/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Mex Multibank Group Review Summary
Founded 2020
Registered Country/Region China
Regulation Counterfeit Dealer
Market Instruments N/A
Demo Account N/A
Leverage N/A
EUR/ USD Spreads N/A
Trading Platforms Multibank APP
Customer Support Facebook, Whatsapp

What is Mex Multibank Group?

Mex Multibank Group, a trading platform offering its clients the Multibank APP, has recently come under scrutiny and is facing allegations of being a counterfeit trader. This has sparked concerns among investors, as reports suggest that Mex Multibank Group is posing as the reputable MultiBank Exchange Group, a global financial derivatives broker with a strong presence and regulatory authorizations in multiple countries. These allegations indicate that Mex Multibank Group may not be a legitimate and trustworthy entity.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• N/A • Website is unavailable
• Counterfeit dealer
• Reports of scams and unable to withdraw
• Not MT4 supported
Limited communication channels

Mex Multibank Group Alternative Brokers

There are many alternative brokers to Mex Multibank Group depending on the specific needs and preferences of the trader. Some popular options include:

  • Darwinex - An innovative online brokerage that offers a unique investment platform where traders can turn their trading strategies into investable assets.

  • XGLOBAL Markets - An online forex and CFD broker providing traders with access to a wide range of markets, advanced trading technologies, and competitive trading conditions through its innovative platforms and liquidity network.

  • UFX- A user-friendly trading platform and a wide range of tradable assets, making it suitable for both beginner and experienced traders.

Is Mex Multibank Group Safe or Scam?

Mex Multibank Group is verified as a counterfeit dealer. Besides, the official website of Mex Multibank Group is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with Mex Multibank Group, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Trading Platforms

Mex Multibank Group offers Multibank APP for its clients. However, upon completing the registration process and accessing the platform, users have encountered a significant discrepancy. Instead of the anticipated trading platform, they are met with a simplistic chart that solely provides information on the current Bitcoin prices. This chart lacks essential trading functionalities, indicating that Mex Multibank Group may not possess the technical capacity to fulfill the services they promote.

Such a situation raises concerns about the platform's credibility and the accuracy of the information presented on their website. It is advisable for individuals considering Mex Multibank Group to exercise caution and conduct further research before committing any funds or providing personal information. Contacting their customer support to seek clarification on the available trading features and platforms could also be helpful in gaining a clearer understanding of their services.

See the trading platform comparison table below:

Broker Trading Platform
Mex Multibank Group Multibank APP
Darwinex MT4, MT5
XGLOBAL Markets MT4, MT5
UFX MT4, MT5

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Clients could get in touch with this broker through the social media, such as Facebook and Whatsapp. However, there are no other direct contact channels such as live chat and phone support.

Conclusion

Based on the available information and allegations surrounding Mex Multibank Group, it is clear that the company raises significant concerns and poses risks for investors. There are indications that Mex Multibank Group may be a fake trader, posing as the reputable MultiBank Exchange Group. The inaccessibility of the official website and reports of withdrawal issues and scams further erode trust and confidence in the platform. When considering investments, it is essential to prioritize platform reliability, regulatory compliance, and transparency.

Frequently Asked Questions (FAQs)

Q 1: Is Mex Multibank Group regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Mex Multibank Group?
A 2: You can contact via Facebook and Whatsapp.
Q 4: Does Mex Multibank Group offer the industry leading MT4 & MT5?
A 4: No. Instead, it offers Multibank APP.
Q 5: Is Mex Multibank Group a good broker for beginners?
A 5: No. It is not a good choice for beginners because it is a counterfeit dealer.
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