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MultiBank Group

Low risk
🇨🇾 Cyprus · 5-10 years · since 2017-09-08 · MEX Group Worldwide Limited
ASICBaFinCIMACMACYSECFSCMASVFSC
Visit site ↗
—/5
★★★★★ ★★★★★
23 reviews ›
8
Licenses ›
21
Withdrawal issues ›
$50
Min. deposit ›
1:500
Max leverage ›
2
Account types ›
23/100
Scam risk ›
6
Clone sites ›
Accounts: Standard · 50 USDPro · 1000 USD
▲ 13% positive▼ 87% negative
Independent ratingshow third parties score this broker
WikiFX2.54/10
Trustpilot—/5
Forex Peace Army—/5
23
Low risk
Scam Risk Scoremonitored · 2026-07-07
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC, CYSEC, MAS
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~91% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMEX Group Worldwide Limited
Headquarters🇨🇾 Cyprus
Founded2017-09-08
Years operating5-10 years
Employees0
Official websitemultibankgroup.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods4 methods
Withdrawal methods4 methods
InstrumentsCurrency pairs (majorminorand foreign currencies)precious metalscommoditiesstocksindicescryptocurrencies
Registered address
Aiolou & Panagioti Diomidous, 9 Katholiki, 3020, Limassol, Cyprus

Regulation & licenses · 8

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making License (MM)416279AustraliaRegulated
BaFinDerivatives Trading License (EP)10119375GermanyRegulated
CYSECForex Execution License (STP)430/23CyprusRegulated
CMAForex Trading License (EP)20200000031United Arab EmiratesRegulated
MASMarket Making License (MM)CMS101174SingaporeRegulated
FSCMarket Making License (MM)SIBA/L/14/1068The Virgin IslandsOffshore Regulation
CIMADerivatives Trading License (EP)1811316Cayman IslandsOffshore Regulation
VFSCForex Trading License (EP)700443VanuatuOffshore Regulation

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
Standard1:50050 USDfrom 1.5--✓
Pro1:5001000 USDfrom 0.8--✓

Review analysis AI

Across 23 recent Trustpilot reviews, 87% are 1–2 star. The single most common complaint is being unable to withdraw funds (21 reports) — the classic warning sign in forex. We also found 6 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
What users praise
Where reviewers are from
Vietnam10
Mexico3
Indonesia3
United Arab Emirates2
Thailand2
Saudi Arabia1

Real user reviews

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About MultiBank Group

MultiBank Group is a forex and CFD broker based in Cyprus, with records dating to 2017-09-08. It reports oversight from ASIC, BaFin, CIMA, CMA, CYSEC, FSC, MAS, VFSC.

FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.

Finally, beware of impersonation: we tracked 6 clone website(s) copying MultiBank Group. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full MultiBank Group review