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    MultiBank Group

    MultiBank Group

    United States
    15-20 years Regulated in Australia Market Making(MM) MT4/5 full license Regional Brokers
    Expose
    Score
    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9
    10
    License Index 8.40
    Risk Management Index 0.00
    Software Index 7.62
    Business Index 8.74
    Regulatory Index 8.37
    Company Abbreviation

    MultiBank Group

    Registered country

    MultiBank Group United States

    Company Name

    MEX Forex Exchange Corporation

    Company address

    --

    Website https://mexchn.com/en/ https://en.mexchn.com/ https://en.mex-cn.com/ https://en.mex-chinese.com/ https://en.mexmarkets.com https://en.mexgroup.com/

    https://mexchn.com/en/

    https://en.mexchn.com/

    https://en.mex-cn.com/

    https://en.mex-chinese.com/

    https://en.mexmarkets.com

    https://en.mexgroup.com/

    Australia Securities & Investment Commission
    ASIC Regulated

    Market Making(MM)

    Dubai Financial Services Authority
    DFSA Regulated

    Retail Forex License

    Financial Conduct Authority
    FCA Regulated

    Appointed Representative(AR)

    British Virgin Islands Financial Services Commission
    FSC Offshore Regulatory

    Retail Forex License

    Federal Financial Supervisory Authority
    BaFin Exceeded

    Common Financial Service License

    Broker Information

    Customer Service Phone Number

    +44 0203 953 8381

    Customer Service Email Address

    cs@multibankfx.com

    Company summary More
    Let me correct the erro.
    Pyramid scheme complaint
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    WikiFX Risk Alerts
    3
    2021.10.23
    The number of the complaints received by WikiFX have reached 16 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    This broker exceeds the business scope regulated by Germany BaFin(license number: 119375)BaFin Non-Forex Licence Non-Forex License, please be aware of the risk!
    EA VPS

    No restriction on the broker account. Provide service support by WikiFX

    Single Core

    1G

    40G

    ៛ 4038.71/month
    Open immediately
    Unable to withdraw Manipulation!!
    I invested over a 5 month period but when I asked to withdraw, I was told to pay a 26% fine for requesting withdrawal before the end of the month. I patiently waited till the end of the month and nothing arrived. They continued to call me trying to get me to "Invest" more. I noticed that as soon as I requested the withdrawal, my funds dropped steadily back to $0 but then I involved fintrack .org in the situation and i was given withdrawal access only to find more than what i had deposited in the account. I realized they were trading my principal as well as my profits but manipulated their platform to display $0. Their so called exchange website is just a "video game", they don't invest your money, they steal it and trade your profits for themselves.
    FXFIQhrq2380

    2021/5/16 12:18:42

    Unable to withdraw forced deposit
    After series of requests, my application for withdrawal was approved but the customer service said that my account needed a number of corrections, and that I will need to make an additional deposit to make those corrections to be able to withdraw normally.
    FXFIQhrq2380

    2021/5/13 9:24:44

    Scam MexGroup is a fraud broker
    MexGroup cheats money with their supposed Australian regulation. The broker analyst tricked me into investing and I have lost nearly A$90,000. I complained the analyst to the broker but no one handled my complaint.
    FXXDIjmx9363

    2021/5/12 5:59:08

    Scam Induced fraud. Unable to withdraw
    A Ponzi scheme. Trick me into investing with them step by step! After few days, I was told to accomplish their target level, or I can’t withdraw funds! And the platform can not be founds on the internet! The referrer tricked me into investing as much as I could and he would help me complete the rest! However, after I deposited, I was told that the money of the referrer was frozen for black money and I had to complete! I realized that I was cheated! Do you have any way to get the money back? Thanks for your help!
    BIT8266042912

    2021/5/6 15:04:23

    Unable to withdraw They have been in arrears with commissions for over two months! Unable to withdraw!!
    My principal hasn’t been withdrawn for over a month. And the commission has been unable to withdraw for over two months. The commission has been deducted but they haven’t transferred it. The supposed person-in-charge can’t be contacted!!! Be careful and do not be cheated!!!
    FXGEWqwr2712

    2021/4/30 10:15:04

    Unable to withdraw MexGroup has been in default on commissions for two months. Did it abscond?
    It has been two months
    FXGEWqwr2712

    2021/4/29 11:01:55

    Unable to withdraw MexGroup is a fraud broker
    I saw on MexGroup that they only opened accounts for foreign exchange transactions under Australian supervision. As a result, the platform analysts lost nearly 90,000 Australian dollars. I complained to the platform, the customer service lied that I was a customer of an agent, and I only registered and deposited on the platform without looking for an agent. Complaining to the Australian supervision turned out that my mutibank account is not supervised by Australia, only the mex Australia pty ltd can do it. As an ordinary trader, no one knows that only branches are subject to Australian supervision, and the head office is out of Australian supervision. Cheating money under the banner of supervision, but there is no way to complain, hoping to expose TA. Is a scam platform
    FXXDIjmx9363

    2021/4/28 7:37:33

    Scam 别去付20% 的税,诈骗的。After paid 20% for withdraw still can’t withdraw
    Trade for a while first month on February can withdraw little amount , until March than can’t withdraw no more they said usa was restricted ,,,, than promotion you join VIP paid $50000 deposit to you MEX account, than u can withdraw money instantly.after joined they said need paid 20% tax amount you have in your account was $71000 follow international financial laws something ... I’m paid $14020 after paid they said After financial review, your withdrawal address is incorrect. Please check and fill in your withdrawal address correctly. For the safety of your account and property protection, the system automatically turns on the protection mode and your member account has been frozen. You need to complete the following requirements to unfreeze your membership. Please provide your identity certificate and your correct withdrawal address at the same time. In order to prevent your account from being withdrawn by someone other than your own, please pay a percentage of the total account amount after financial requirements. The twelfth is a margin of USD 13,939. The proof is your own withdrawal. After the above requirements are completed, the financial department will review it for you as soon as possible. After the review is confirmed, your security deposit will be returned to your member account, and the payment will be made for you as soon as possible.I did right address wallet than on picture they said I’m wrong it less letter C ,
    FXSIMaug7552

    2021/3/22 5:39:25

    Transaction data

    WikiResearch

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    • Total Margin
    • Active Trade
    • New User
    • Stop Out
    • Total Profit
    • Total lots
    • Spread Cost
    • Net Deposit
    • Net Withdraw
    No data
    MultiBank Group · MT4/5
    Identification Result MT4/5 full license
    The formal brokers with MT4/5 full license offer complete system service and follow-up technical support. In general, their businesses and techniques are relatively mature and the risk management abilities are much stronger.
    MEXIntGroup-Demo
    MT4
    Server Name
    MEXIntGroup-Demo
    Most visited countries/areas
    United States
    MEXIntGroup-Real
    MT4
    Server Name
    MEXIntGroup-Real
    Most visited countries/areas
    China
    MEXIntGroup-Real-2
    MT4
    Server Name
    MEXIntGroup-Real-2
    Most visited countries/areas
    Singapore
    MultiBank Group · Website

    Most visited countries/areas

    China Singapore Hong Kong
    mexgroup.com
    Server Location
    Hong Kong
    Most visited countries/areas
    China
    Website Domain Name
    mexgroup.com
    ICP registration
    京ICP备13031920号-3
    Domain Effective Date
    0001-01-01
    Server IP
    203.19.37.72
    Website
    大通金融集团
    Company
    北京大通环球资产管理有限公司
    mexmarkets.com
    Server Location
    United States
    Most visited countries/areas
    --
    Website Domain Name
    mexmarkets.com
    ICP registration
    --
    Domain Effective Date
    2016-07-20
    Server IP
    104.18.149.1
    Website
    --
    Company
    --
    mexgroup.asia
    Server Location
    Hong Kong
    Most visited countries/areas
    --
    Website Domain Name
    mexgroup.asia
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    47.52.122.57
    Website
    --
    Company
    --
    mex-china.com
    Server Location
    Hong Kong
    Most visited countries/areas
    --
    Website Domain Name
    mex-china.com
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    47.52.122.57
    Website
    --
    Company
    --
    mex-chinese.com
    Server Location
    United States
    Most visited countries/areas
    --
    Website Domain Name
    mex-chinese.com
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    104.21.91.12
    Website
    --
    Company
    --
    mex-cn.com
    Server Location
    United States
    Most visited countries/areas
    --
    Website Domain Name
    mex-cn.com
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    104.21.18.210
    Website
    --
    Company
    --
    mexchn.com
    Server Location
    Hong Kong
    Most visited countries/areas
    --
    Website Domain Name
    mexchn.com
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    47.52.122.57
    Website
    --
    Company
    --

    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:

      Regulatory Sharing MEX Exchange
    • 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 :

      416279 ASIC牌照信息190131 View Certified Documents FOS.JPG View Certified Documents 416279 AFCA牌照信息190131 View Certified Documents MEX asic20201012更新 View Certified Documents
    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 :

      MEX GROUP DFSA监管截图 View Certified Documents
    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 :

      --
    • Email Address of Licensed Institution :

      robbie@mbstructuredinvestments.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.mbstructuredinvestments.com

      Expiry Date :

      2020-06-29
    • 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 :

      MexGroup-928746牌照 View Certified Documents
    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 :

      SIBAL141068 牌照信息190131 View Certified Documents MBG Markets FSC监管 2020.06.10 View Certified Documents
    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 :

      119365 View Certified Documents

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    MultiBank Group

    1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

    1.pngWikiFX will not disclose your personal information to third parties.

    1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

    1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

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

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    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.

    image.png

      Deposit & Withdrawal of Multibank Group

      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.