MULTILP Forex Broker

General Information & Regulation MULTILP, a trading name of Multilp LTD, is allegedly a forex broker founded in 2020 and registered in Kuwait with the registered number 216524. It claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0 pips on the state-of-the-art MetaTrader4 trading platform, as well as a choice of three different live account types. Here is the home page of this brokers official site: As for regulation, it has been verified that MULTILP does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.81/10. Please be aware of the risk. Market Instruments MULTILP advertises that it offers access to a wide range of trading instruments in financial markets, including precious metals, energies, cash indices and forex. Account Types Apart from demo accounts, MULTILP claims to offer three types of trading accounts, namely Standard, Professional and Elite, as well as Islamic accounts. The minimum initial deposit amount is $100 for the Standard account, while the other three account types have much higher minimum initial capital requirements of $10,000 and $20,000 respectively. Leverage The maximum leverage available at MULTILP is up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions MULTILP claims that the spread differs depending on account types. For example, clients on the Standard account can experience spreads from 1.5 pips, the Professional account has spread from 0.8 pips, while only the Elite account members can enjoy the tightest spreads from 0 pips but have to pay a commission of $5 per lot. Trading Platform Available Platforms available for trading at MULTILP are MT4 for iPhone, Android and Windows. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Deposit & Withdrawal The minimum initial deposit requirement with MULTILP is said to be $100. However, the broker says nothing about the acceptable deposit and withdrawal methods. Customer Support MULTILPs customer support can be reached by telephone: +965 220 502 80/1, email: info@multilp.com, live chat, send messages online to get in touch or request a callback. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and LinkedIn. Company address: Sharq, Gulf Road, Ahmad Tower, 17th floor. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.