MultGroup Forex Broker

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 ConsProsConsEasy-to-use platform with desktop and mobile accessOperates without regulatory oversight, potentially exposing traders to risksOffers two account types and a demo accountLimited customer support methodsOffers multiple assets to tradeIs 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 InstrumentsSupportedForex✔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 FeesFeatureStandard AccountECN AccountMinimum SpreadFrom 1 pipFrom 0.0 pipCommission$0 commission$6 commission per round tradeLeverageUp to 500:1Up to 500:1Minimum Deposit$200$200Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable for what types of tradersMetaTrader Desktop✔PCInvestors of all experience levelsMetaTrader Mobile✔Apple & GoogleInvestors of all experience levelsCustomer Service You can reach out to MultGroup's 24-hour Live Support by email at multgroup@multgroup.comContact OptionsDetailsPhoneN/AEmailmultgroup@multgroup.comSupported LanguageEnglish, Chinese, Japanese, Korean, German, French, Russian, Portuguese, Italian, Thai, and VietnameseThe 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.