MultGroup

WikiFX | 2024-09-25 13:51

Abstract：MultGroup is an accessibility-based system with both desktop and mobile interfaces for the users. It offers many trading tools including currencies, energies, commodities, and indices, with contact in two different types of accounts. The major weakness of MultGroup is that it conducts its operations in an unregulated manner, thus creating several risks for users.

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
Easy-to-use platform with desktop and mobile access	Operates without regulatory oversight, potentially exposing traders to risks
Offers two account types and a demo account	Limited customer support methods
Offers multiple assets to trade

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
Email	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.