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Multigain -

Score

1.66 /10
Danger

Multigain

India

5-10 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

High potential risk

https://www.multigain.in

Influence

D

Add brokers

Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.30

Risk Management Index0.00

Software Index4.74

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Multigain Financial Services Pvt. Ltd.

Company Abbreviation

Multigain

Platform registered country and region

India

Company website

X

Facebook

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2025-07-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

First they tell you that

First they tell you that you will generate money as long as you make a small investment, the first steps are where they generate some money for you, but when the amount increases, they freeze your account and ask for more money than what was invested in order to withdraw the frozen amount. Until now, I don't know what to do or how to recover the frozen money in that account.

Mia ledezma
2025-02-10 07:39
Scam

Withdrawal incapacity or fraud multicoin capital

Hello, good afternoon, I come to present my case ... They write to me on Telegram through text messages indicating a way to make money through likes. Once certain tasks are completed, they ask me to deposit 40,000 Chilean pesos. They say that once deposited, I could immediately obtain a profit and withdraw it. After making the deposit and completing the task, they tell me that I have to continue depositing in order to obtain my profit. The next deposit was 118,000 Chilean pesos. After this fee, they said I could withdraw. I made the deposit, completed the task, but they did not fulfill their promise. After completing the task, they tell me that there is a third one, breaking the agreement.

FX4234005278
2025-03-31 03:44
Unable to Withdraw

Scam by the Telegram platform at Multicoin Capital company

I was contacted via Telegram about a part-time job that required me to do some tasks, and I would be paid for it. However, each task kept changing when they asked me to deposit a certain amount that the system required in order to close the task I was working on. They told me that the system didn't allow them to refund the money and that it was frozen until I finished the task. They kept asking me to deposit more and more, saying that it would be the last time. The task continued like this until I told them that I didn't have any more money to deposit. All I asked was for them to refund the amount I had deposited. But they said that I had to finish the task in order for it to be closed, and the system didn't allow withdrawals. If you can help me, please do.

FX2679025852
2025-01-25 06:44
Multigain · Company summary
Multigain Review Summary
Founded2008
Registered Country/RegionIndia
RegulationNo regulation
Market InstrumentsCurrencies, Derivatives, Commodities, Mutual Funds, Bonds, Insurance, Real Estate, A.I.F. (Alternate Investment Fund)
Demo Account/
Trading PlatformOnline and mobile integrated platform
Minimum Deposit/
Customer SupportContact form
Tel: 0591-2490200/ 400 / 500
Email: info@multigain.in
Fax: 0591-2490400
Address: H-50, Lajpat Nagar, Moradabad – 244001 (U.P.)
Social media: Facebook, X, digg, linkedin, myspace

Multigain Information

Multigain is an unregulated service provider of premier brokerage and financial services in the India Stock Exchange. It offers products and services on Secondary Market Solutions: Cash & Derivatives, Currency, Derivatives, Commodities: Spot & Derivatives, Depository Services, Insurance Repository Services, Mutual Fund, Portfolio Management Services, Bonds, Insurance solution: Life & General, Real Estate Services, Wealth, Management Services, A.I.F. (Alternate Investment Fund), Home Loan, IPO, Online Trading, Mobile Trading, and Research.

Multigain info

Pros and Cons

ProsCons
Long operation timeInaccessible website (partful)
Various contact channelsLack of regulation
Various trading productsNo demo accounts
No MT4/MT5 platform
Lack of transparency
Limited choices for payment

Is Multigain Legit?

No. Multigain currently has no valid regulations. Please be aware of the risk!

Multigain license
Multigain domain

What Can I Trade on Multigain?

Trading AssetsSupported
Currencies✔
Derivatives✔
Commodities✔
Mutual Funds✔
Bonds✔
Insurance✔
Real Estate✔
A.I.F. (Alternate Investment Fund)✔
Indices❌
Stocks❌
Cryptocurrencies❌
Options❌
ETFs❌
Multigain products

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Online and mobile integrated platform✔Mobile, web/
MT4❌//
MT5❌//
Multigain platform

Deposit and Withdrawal

Multigain accepts payments done via On/Offline Banking, Mobile Banking & IVR Banking.

Multigain deposit and withdrawal

User Reviews

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User comment

3

Comments

Write a review

FX4234005278
3-6months
Hola buenas tardes vengo a exponer mi caso ... Me escriben al Telegram por mensajes de texto indicándome una forma de ganar dinero por medio de likes una ves completadas ciertas tareas me piden que deposite 40.000 mil moneda chilena y que una ves depositado podía obtener una ganancia y podía retirar de inmediato una ves hecho el depósito y completado la tarea me indican que debo seguir depositando para poder obtener mi ganancia el siguiente deposito fue de 118.000 mil moneda chilena que después de esta tarifa si podía retirar hice el depósito hice la tarea y no cumplieron luego de haber hecho la tarea me dicen que hay una tercera incumpliendo lo acordado
Hola buenas tardes vengo a exponer mi caso ... Me escriben al Telegram por mensajes de texto indicándome una forma de ganar dinero por medio de likes una ves completadas ciertas tareas me piden que deposite 40.000 mil moneda chilena y que una ves depositado podía obtener una ganancia y podía retirar de inmediato una ves hecho el depósito y completado la tarea me indican que debo seguir depositando para poder obtener mi ganancia el siguiente deposito fue de 118.000 mil moneda chilena que después de esta tarifa si podía retirar hice el depósito hice la tarea y no cumplieron luego de haber hecho la tarea me dicen que hay una tercera incumpliendo lo acordado
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+3
2025-03-31 03:44
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Mia ledezma
3-6months
Primero te dicen que vas a generar dinero siempre y cuando hagas una pequeña inversión, los primeros pasos son dónde te generan algo de plata pero cuando la suma sube es cuando te congelan la cuenta y te piden plata superior a lo invertido para poder retirar lo que se congelo. Hasta el momento no se que hacer ni como recuperar la plata congelada en esa cuenta.
Primero te dicen que vas a generar dinero siempre y cuando hagas una pequeña inversión, los primeros pasos son dónde te generan algo de plata pero cuando la suma sube es cuando te congelan la cuenta y te piden plata superior a lo invertido para poder retirar lo que se congelo. Hasta el momento no se que hacer ni como recuperar la plata congelada en esa cuenta.
Translate to English
2025-02-10 07:39
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0
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3