MULTILP Forex Broker

MULTILPReview SummaryFounded2019Registered Country/RegionKuwaitRegulationNo regulationMarket InstrumentsForex, CFDs, Precious Metals, CommoditiesDemo Account✅LeverageUp to 1:500SpreadFrom 0 pipsTrading PlatformMT4/MT5Minimum Deposit$100Customer SupportFacebook, Instagram, LinkedIn,Twitterlive chat, twenty-four hour on-lineTel: +965 2205 0280Address: Kuwait, Block 1, Ahmed Tower, 17 FloorEmail: info@multilp.comRegional Restrictionscertain jurisdictions such as the USA, Iran, North Korea.MULTILP Information MULTILP is an unregulated broker, offering trading on Forex, CFDs, precious metals, commodities with leverage up to 1:500 and MULTILP spread from 0 pips on MT4/MT5. The minimum deposit requirement is $100.Pros and ConsPros Cons With demo accountUnregulatedVarious trading productsRegional restrictionsWith MT4/MT5 platformVarious contact channelsIs MULTILP Legit? No. MULTILP currently has no valid regulations. Please be aware of the risk!What Can I Trade on MULTILP? MULTILP offers trading on Forex, CFDs, precious metals, and commodities.Tradable Instruments Supported Forex✔CFDs✔Commodities✔Precious metals✔ETFs❌Options❌Cryptos❌Bonds❌Stocks❌Account Type MULTILP offers three types of accounts, including Professional, Standard, and Elite account. Besides, it also provides demo accounts and Islamic accounts.Account TypeMinimum DepositMaximum LeverageProfessional$10,0001:500Standard$1001:500Elite$20,0001:500Demo//Islamic//Leverage MULTILP offers maximum leverage at 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.MULTILP Fees Trading Fees The commissions for the Elite account are $ 5 per (Lot). As to commissions for other types of accounts, it is unclear. Spreads Professional account offers spreads from 0.8 pips, Standard account offers spreads from 1.5 pips, and Elite account offers spreads from 0 pips.Account TypeSpreadsProfessional0.8 pipsStandard1.5 pipsElite0 pipsTrading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, mobile, webBeginnersMT5✔Desktop, mobile, webExperienced traderDeposit and Withdrawal No minimum withdrawal amount defined and no fees or charges specified.