The MultiBank Group License Has Been Canceled by CNMV

　　You are already aware of the significance of studying a broker's regulatory information before deciding to trade with it. But remember that everything will change following the first review! That is, a broker's license might change at any moment, so you must keep track of your broker's license movements.

　　WikiFX just discovered that MultiBank Group's license has been canceled after verifying CNMV.

　　Multibank Group, on the other hand, has a low score on WikiFX platform due to the many complaints it receives on a regular basis. Despite the fact that Multibank Group is licensed by a few regulatory bodies, WikiFX feels that the way they treat their traders is unlawful.

　　Check out the Multibank Group dealer page on WikiFX to discover the most common issues reported by their traders across the globe. https://www.wikifx.com/en/dealer/0001326398.html

　　WikiFX has over 38,000 brokers, both regulated and unregulated, in its database and is actively collaborating with over 30 financial authorities.

　　The data in the WikiFX database is sourced from legitimate regulatory bodies like the FCA, ASIC, and others. Fairness, impartiality, and facts are also emphasized in the released information. WikiFX does not charge public relations fees, advertising costs, ranking fees, data cleaning fees, or any other unreasonable expenses. WikiFX will do everything possible to keep the database consistent and synchronized with authoritative data sources such as regulatory bodies, but cannot promise that the data will always be up-to-date.

　　About CNMV

　　The National Securities Market Commission (CNMV) is the agency in charge of overseeing and inspecting the operations of all persons participating in the Spanish securities markets. The Securities Market Law 24/1988 established the CNMV, which marked a comprehensive reform of this section of the Spanish financial system; since then, its regime has been revised to adapt to the growth of financial markets and to adopt new safeguards to protect investors. The CNMV's mission is to maintain the openness of Spanish securities markets, the proper creation of prices, and investor protection.

　　The CNMV has revoked the MultiBank Group's license.

　　MultiBank Group's license as an investment business was revoked last February 2022 by CNMV, the Spanish government agency in charge of the country's capital markets.

　　The company's regulatory status changed from “Supervised” to “No Longer Authorised,” indicating that the business opted to discontinue providing any investment services in Spanish.

　　WikiFX has thorough information on MultiBank Group. You'll see that the business is still subject to the oversight of a few regulatory bodies, including ASIC, BVI-FSC, and DFSA.

　　In addition to WikiFX, WikiFX urges its users to report any unlawful actions to their brokers. WikiFX has the capacity to disclose any activity carried out by unlicensed brokers. With the assistance of financial authorities, WikiFX is also capable of initiating action to reclaim your money from your brokers.

　　You may also contact WikiFX Customer Support for immediate help.

　　To keep up with the news on the move, download the WikiFX App for free from the App Store or Google Play Store.