✔️ Information reviewed and updated in March 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in MultiBank Group. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about MultiBank Group and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitemultibankfx.com
🏠 CompanyMEX Group Worldwide Limited
RegulatoryNot regulated
📧 Email[email protected]
📈 LeadingMetaTrader 4 – MetaTrader 5
📌 Direction200 Gloucester Road, Wan Chai, Hong Kong

⚠️ MultiBank Group is owned by MEX Group Worldwide Limited, the company is located in Hong Kong, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. ⚠️

Account types

Now we will analyze the types of accounts offered by MultiBank Group, in this case, we observe that it offers 3 different types of accounts:

Account typeMinimum initial deposit
Standard$50
Pro$1,000
ECN$5,000

Information on the web

MultiBank Group website

MultiBank Group provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, FAQ section, really not much more than this.

List of phone numbers

At the moment we have not found phone numbers.

🚫 Final valuation of MultiBank Group 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH MultiBank Group.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about MultiBank Group:

Date Update – news
October 2022Complaint against AMF MultiBank Group.
June 2023Complaint against FCA MultiBank Group.
June 2023We have received a large number of complaints about this company
June 2023The MultiBank Group company is closely related to MEX Group.

User Reviews

[democracy id = ”309 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with .

At the end of the review you will find customer comments.


How to Claim Money scammed by MultiBank Group

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report MultiBank Group

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report MultiBank Group?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is MultiBank Group a scam – is it a scam?

Yes. We believe that MultiBank Group is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is MultiBank Group trustworthy?

No. MultiBank Group is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from MultiBank Group?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to MultiBank Group?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

43 comments on «MultiBank: Rating and comments»

  1. flavio lp Reply

    A pseudo CEO of Multibank named Jorge Albero González Villarreal asked me to deposit Cryptocurrencies to his account in order to withdraw my commissions. Supposedly 15% is charged on the commissions to be able to withdraw them.
    I will not work with them again.

    I had already been warned about this type of practice that this Jorge González usually does.

    Thief!

    • Recommended-brokers.com Reply

      Hi Flavio, if you don't give your ID, card or bank account you can rest easy. Thank you for commenting on MULTIBANK. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

  2. Drago Alessandro Reply

    I am scared of the app and I have been able to enter the site whenever I want to change things because I have been able to verify my email all the time when I have decided to create a training account that I am immediately ritirato. Poi oggi she me has chiamato un tizio da Roma chiedendomi di depositare 1000 euro, io ho detto chiaramente di no. Rischio eventuali pericoli? I do not need a document, only the email and the telephone number.

    • Recommended-brokers.com Reply

      Hi Drago, if you don't give your ID, card or bank account you can rest easy. Thank you for commenting on MULTIBANK. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

  3. james camillo Reply

    To have an authentic trading experience, do not get in here, you always lose everything and I assure you that I have tried, they are a fraud ...

    • Recommended-brokers.com Reply

      Hello James, you can get your capital back. Thanks for commenting on MULTIBANK. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

  4. John M Reply

    They are scammers and thieves, especially that Latino named Stiven Zanoti, they made me lose all my capital with 3 operations. They tell me they call from Dubai but that should be seen, both Stiven Zanoti and David are white-collar scammers

    • Recommended-brokers.com Reply

      Hello Juan M, you can recover your capital. Thanks for commenting on MULTIBANK. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

  5. Oscar Reply

    Hello, I want to know if you have information to invest in multibank group in Ecuador if it is a scam

    • Recommended-brokers.com Reply

      Hello Oscar, you can get your capital back. Thanks for commenting on MULTIBANK. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU.

      Greetings.

  6. andres Reply

    Hello, how would I like to have a referral that works as an IB with this broker, since we are about to close the negotiations and I see that the comments are not good

    • Recommended Brokers Reply

      Hello andres, you can recover your capital. Thanks for commenting on MULTIBANK. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  7. Veronica Reséndiz Reply

    I do not recommend it at all, they stole the commissions from us, they ask for deposits to personal accounts to release your HAAA account, why do they threaten to freeze it if you do not pay their "fee" which according to them is a fee that is charged in Multibank latam for having account with them and by use of the terminal. that is not written anywhere.
    They asked me to make a deposit of 1000 dollars to ALBERTO GONZÁLEZ's account so that they would pay me my commissions.

    What an outrageous broker! I am already looking to make a complaint but I know that it is not easy because of the type of investments, in short it was my fault for not advising myself well in advance.

    • Recommended Brokers Reply

      Hello Veronica, you can get your capital back. Thanks for commenting on MULTIBANK. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. DO NOT do it! It is a clear sign that they want to steal more money from you and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  8. Fernando rosas Reply

    ALBERTO GONZÁLEZ LADRÓN… He calls himself CEO, he asked me to deposit half of my commissions to his personal account to be able to withdraw my capital and my clients, I need help, I don't know if he is really the owner or owner of this broker but It is not possible that the owner of a broker asks me to deposit half of my commissions to his personal account to make the withdrawal that by regulation allows it, it is the duty.

    • Recommended Brokers Reply

      Hello Fernando, do you have all his data, the account, his name and surname and his identity document? Surely he is a broker worker who, since he knows that the broker is going to keep it, has thought: !!! me!!! And so instead of earning a commission that the Broker pays him for your money, he has kept everything, I would file a complaint with the broker showing the proof of shipment, although that will not do you any good, just to get fired and another to the police implicating this man and the fraud broker. The MULTIBANK broker is not recommended at all, it is a SCAM, it seems that it has regulation in several countries, it is not clear where they have their offices or their headquarters, many clients say that they cannot withdraw money and apart from that they manipulate the graphs of the operations . We recommend withdrawing capital from clients' accounts as soon as possible, before they invent a trade where EVERYTHING is lost.
      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      To get your money back, try our CHAT or in this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

    • ISABEL MARTINEZ Reply

      Hello Fernando Rosas, how are you?
      Friend, good afternoon, at the moment we are in negotiations with this broker, I have just read your experience and I am already worried, we are a relatively new company in Colombia, and we were thinking of making a strong investment with them.
      Could I contact you to clarify doubts? Tel or mail

      • Carlos

        Hello Isabel, send me a comment here on the forum to support you.

  9. Fernando rosas Reply

    Be very careful with this broker, I have not been paid my commissions as IB for 3 months, and later I asked to change broker and they did not let me withdraw my money.
    I keep waiting for them to release me, they literally robbed me !!!
    I asked to speak with the CEO Jorge Gonzalez, a very despotic and arrogant person, he spoke to me with many insults and bad words and also threatened that if I tried to make another withdrawal they would freeze the accounts of all my clients.
    I do not know what to do is affecting me a lot, what annoyance I am going through apart from bad service they pardoned me in a very common way.

    • Recommended Brokers Reply

      Hello Fernando, the MULTIBANK broker is not recommended at all, it is a SCAM, it seems that it has regulation in several countries, it is not clear where they have their offices or their headquarters, many clients say that they cannot withdraw money and apart from that they manipulate the graphics of operations. We recommend withdrawing capital from clients' accounts as soon as possible, before they invent a trade in which EVERYTHING has been lost.
      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      To get your money back, try our CHAT or in this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

    • Alex Martinez Reply

      Friend, good afternoon, at the moment we are in negotiations with this broker, I have just read your experience and I am already worried, we are a relatively new company in Colombia, and we were thinking of making a strong investment with them.
      Could I contact you to clarify doubts? Tel, mail or Ig

      • Recommended Brokers

        Hello Alex, the MULTIBANK broker is not recommended, it is a SCAM, it seems that it has the regulation in several countries, it is not clear where they have their offices or their headquarters, many clients say that they cannot withdraw money and apart from that they manipulate the charts of operations. We recommend withdrawing capital from clients' accounts as soon as possible, before they invent a trade in which EVERYTHING has been lost.
        If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

        To get your money back, try our CHAT or in this link: CLAIM YOUR MONEY, WE HELP YOU

        Greetings.

      • Carlos

        Hi Alex, send me a comment here on the forum to support you

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