User Reviews
More
User comment
0
CommentsWrite a review
No comment yet
Suspicious Clone
Score
1.14 /10
Danger
MultGroup
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.14
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
4
Previous Detection :
2024-12-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The AustraliaASIC regulation (license number: 000296805) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
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.
Pros and Cons
| Pros | Cons |
|
|
|
|
|
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.
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 Instruments | Supported |
| 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.
MultGroup Fees
| Feature | Standard Account | ECN Account |
| Minimum Spread | From 1 pip | From 0.0 pip |
| Commission | $0 commission | $6 commission per round trade |
| Leverage | Up to 500:1 | Up to 500:1 |
| Minimum Deposit | $200 | $200 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what types of traders |
| MetaTrader Desktop | ✔ | PC | Investors of all experience levels |
| MetaTrader Mobile | ✔ | Apple & Google | Investors of all experience levels |
Customer Service
You can reach out to MultGroup's 24-hour Live Support by email at multgroup@multgroup.com
| Contact Options | Details |
| Phone | N/A |
| multgroup@multgroup.com | |
| Supported Language | English, 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.
start to write first comment