Brokers  /  Multigain

Multigain

Severe risk
India · 5-10 years · since 2019-07-10 · Multigain Financial Services Pvt. Ltd.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.69/10
Trustpilot/5
Forex Peace Army/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~167% 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 & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints6612%
Offshore registration458%
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 nameMultigain Financial Services Pvt. Ltd.
Headquarters India
Founded2019-07-10
Years operating5-10 years
Employees0
Official websitemultigain.in
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
H-50, Lajpat Nagar, Moradabad – 244001 (U.P.)

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Across 3 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (5 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
Chile1
Argentina1
Peru1

Real user reviews

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About Multigain

Multigain is a forex and CFD broker based in India, with records dating to 2019-07-10. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

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