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Multi LP

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Operating status: SCAM

Website: https://multilp.com/

Broker violations and abnormal records
  • 2022-06-27 Brokersview has Reviewed that Multi LP is an Unregulated Forex Broker

    Multi LP claims to be a licensed broker under regulation of Kuwait Ministry of Commerce and Industry. However, Kuwait Ministry of Commerce and Industry is not an authority that regulates forex activities. 

    Moreover, as per information we have, Kuwait has no authorities issue licenses for forex trading or regulate entities that offer forex services.

    That means Multi LP is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

    Multi LP claims to be a licensed broker under regulation of Kuwait Ministry of Commerce and Industry. However, Kuwait Ministry of Commerce and Industry is not an authority that regulates forex activities. Moreover, as per information we have, Kuwait has no authorities issue licenses for forex trading or regulate entities that offer forex services.That means Multi LP is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

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Q&A

How to get in touch with their support?

Mark Koplan
Nigeria
2022-07-20
ANSWER Multi LP is not a licensed or regulated broker even though it states offers that look good to be true. Multi LP claims to be a licensed broker under regulation of Kuwait Ministry of Commerce and Industry. However, Kuwait Ministry of Commerce and Industry is not a regulatory body that issue license for forex trading or regulate entities offering forex activities.The truth is, Multi LP is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Multi LP and trade with licensed brokers.
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