MultiBank Group Review – Scam Report

5/5 - (1 vote)

Know your options and recover your lost funds. File a complaint.

    Multibankfx scam suspicion

    Is MultiBank Group legit?


    MultiBank Group is an online financial derivatives broker. MultiBank Group has boasted a daily trading volume of over $7.2 billion dollars for over 320,000 clients around the globe. They offer services to over 90 countries worldwide. They also boast an impressive list of regulators. But recent developments have led us to believe that there’s what to be concerned about. We’ll elaborate on that here.

    If you have deposited money with MultiBank Group and you suspect that they are not being honest with you, let us know. While it may be possible to get your money back, we suggest that you cease trading with them immediately. We’ll be shedding light on the MultiBank Group scam in the coming paragraphs.

    Many regulated brokers, unregulated companies and investment firms have been found to be scams. Under many circumstances there are avenues in place that are there to protect individuals and help them to get their money back.

    We can let you know how it’s possible to recover your money.

    Use a regulated broker that has accountability and a good reputation. Check out our review of Fortrade to see if it’s right for you.


    Is MultiBank Group a scam?

    Despite what any MultiBank Group review has told you, MultiBank Group is a suspected scam. We don’t recommend trading with them. If you are already trading with MultiBank Group we recommend you immediately cease depositing any amount of money with them.

    Get your money back from MultiBankFX.

    The MultiBank Group Scam

    As recently as last week (October 13, 2021) reports have been confirmed that clients who invested in Multibank Group have been unable to withdraw their funds. What adds to the concern is Multibank Group reportedly owes its own employees 3 months of unpaid wages.

    Whether the current sequence of events were preceded by financial troubles or by financial misconduct is something that has not been confirmed. One thing is for sure, the company does not appear to be in great shape and it appears to be unprepared for what is currently happening.

    Multibank Group’s Dubai sales team is purportedly operating at full speed while only receiving their base salaries with no commissions paid since June. The question is, if investors are unable to withdraw their funds, why are the sales teams still active? Unless Multibank Group has converted to a full on Forex scam.

    Time will tell what exactly is going on behind the closed doors of MultiBank Group’s management team and whether or not MultiBank Group has indeed chosen to take the Forex scam route.

    Find out how to get your money back from MultiBankFX.

    Scam Website


    MultiBank Group, Business Bay – Dubai – United Arab Emirates


    Global Customer Service: +1 833-542-7841

    Customer Support:


    Is MultiBank Group a regulated broker?

    MultiBank Group is regulated by a number of regulatory bodies worldwide, the legitimacy and accountability of these regulators is another story. You can read more about what are considered to be valid regulators here.


    Choose an FCA regulated broker like Fortrade. Read about Fortrade here

    Should I trust an Offshore Broker?

    As a matter of practice, one should not trust offshore brokers. Practically all offshore brokers are either Forex trading scams or Crypto trading scams. In the event that there is an offshore broker that is honest would be the exception that proves the rule. The reason for this is because reliable regulatory bodies such as the FCA and ASIC will not give regulation to these companies. Offshore brokers therefor do not have anyone to hold them accountable. In most cases this is the reason that the company decided to register offshore in the first place.

    If you’ve been scammed by MultibankFX, let us know. We can help you get your money back.



    Looking for a regulated broker? Check out our Fortrade Review to see if they’re right for you. 






    If MultiBank Group has done anything similar to the below items, you are most likely being scammed by MultiBank Group.


    Legal Signs of a Scam

    • The company or broker is not regulated.
    • The company or broker is regulated by a foreign regulatory body that is not trustworthy.
    • The company is regulated by CySEC. (this is not a sure sign that the company is a scam however many CySec regulated companies turned out to be scams)
    • The company has had its license suspended.

    Contact us by submitting your information in the form on the page. We’ll let you know as soon as possible how you can get your money back.


    Behavioral Signs of a Scam

    • The broker has been overly pushy in getting you to deposit your money.
    • The broker does not react positively when you ask for a withdrawal.
    • The broker does not allow you to withdraw your money.
    • The broker has offered you or pushed you to take a bonus.
    • The broker has logged into your personal computer.
    • The broker is charging you to withdraw your funds.
    • Trades have been placed without your consent.
    • The company withdrew funds from your account or charged your credit card without permission
    • The broker asked for a picture of the front and back of your credit card to be sent by email.
    • The broker asked for your government form of ID to be sent in an email or on the website.
    • The broker told you to place a trade and then you immediately after lost all or most of your money.

    Locations that scam brokers are often found in.

    If the broker that you’re dealing with is located in any of the below locations it is reason for concern, as these areas are notorious for hosting MultiBank Groups as well as Crypto and Binary Options scams.

    • Let us know right away if
    • The broker is located in Saint Vincent and the Grenadines
    • The broker is located in Belize.
    • The broker is located in the Commonwealth of Dominica
    • The broker is located in the Cook Islands.
    • The broker is located in The Marshall Islands.
    • The broker is located in Mauritius.
    • The broker is located in Seychelles
    • The broker is located in Vanuatu.


    Know your rights and get your money back. By filling out your information, we’ll be able to advise you right away.

    If you are looking for a broker that you can trade with and feel safe because of regulatory protection, check out our latest review of Fortrade.



    Looking for a regulated broker? Check out our Fortrade Review to see if they’re right for you. 

    Fortrade is regulated by the FCA, ASIC and the IIROC in Canada.







    Disclaimer: It is not always possible to recover lost funds. Many cases of recovery scams have been reported where the victim is guaranteed to get their money back. We can assess your case and advise you right away if it’s possible to recover your money.


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