Basic Information
Registered Region 
Australia
AustraliaOperating Period
2-5 years
Company Name
MultGroup Limited
Customer Service Email Address
multgroup@multgroup.com
Company Website
--
Global Broker Regulation Inquiry App
WikiFX
Unverified
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
MultGroup
Australia
|
2-5 years
|
ECN Account
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
--
Website
Rating Index
Contact
multgroup@multgroup.com
--
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
5
Account
Company Summary
Comment
Account
- Environment--
- Currency--
- Maximum Leverage1：500
- SupportedEA
- Minimum Deposit$200
- Minimum SpreadFrom 0.0
- Depositing Method--
- Withdrawal Method--
- Minimum Position--
- Commission$6
- Products--
Updated：
Users who viewed MultGroup also viewed..
EC markets
9.24
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
EC markets
Score
9.24
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
IC Markets Global
9.09
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
IC Markets Global
Score
9.09
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
TMGM
8.55
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
TMGM
Score
8.55
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
MiTRADE
8.60
Score
10-15 yearsRegulated in AustraliaMarket Maker (MM)Self-developed
MiTRADE
Score
8.60
10-15 yearsRegulated in AustraliaMarket Maker (MM)Self-developed
Official website
Company Summary
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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter...
Submit now
Write a comment
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now