Abstract:Stay away from MultiBank Group. We know this opening is harshly straightforward but we just want to get our message across to all WikiFX users, typically those in Malaysia. This is because MultiBank Group is a notorious forex broker that you should never engage with.
MultiBank Group was founded in 2005 in California, USA, and is headquartered in Hong Kong. It is an infamous forex broker that has gained disrepute in mainland China for scamming its trading clients by blocking withdrawal requests. For those that do not know, MultiBank Group is one of the archetypes of forex scammers in the Asia Forex industry.
Based on WikiFXs database, we have found that MultiBank Group is a forex broker that has a fairly low Wiki Score. The majority of the licenses that it claims to possess are not valid and authorized.
Moreover, we have found that MultiBank Group is a forex broker that has gained long-standing bad reputation over the years, which could proven through the overwhelming amount of Exposure pieces that had been submitted by its trading clients from all over the globe.
On a sidenote, WikiFX hardly sees a particular forex broker with this many Exposure submissions.
At present, MultiBank Group has been seen to be paving its way in Malaysia with its emergence on social media.
In addition, it could also be suggested that MultiBank Group has been quietly building its own team in Malaysia. Above is a snippet of a traders LinkedIn profile who is currently working for MultiBank Group.
We at WikiFX would like to use this opportunity to warn fellow Malaysians to stay away from MultiBank Group by all means. Knowing that this is an infamous broker that does not allow its trading clients to withdraw funds, WikiFX hopes that our users can choose a more reliable forex broker for their own benefit.
When it comes to choosing a forex broker, it is best to always stay cautious with your choices. The road to funds recovery is a tough one and we would not wish that upon anybody.
Remember to always choose a forex broker that has a WikiScore of at least 7.0 and above, that is regulated by an authorized body, and that operates with a valid license(s).
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