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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