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Would you recommend MULTICHAIN INSIDER for trader?
Nelly Tuezarova
New Zealand
2023-10-18
ANSWER No, we, on the contrary, strongly suggest you avoid MULTICHAIN INSIDER.MULTICHAIN INSIDER claims to be based in the UK, but has no legal license to operate there. The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning against this broker for conducting illegal activities in the UK market.Additionally, the Spanish securities regulator, the Comisión Nacional del Mercado de Valores (CNMV), has also blacklisted MULTICHAIN INSIDER for offering investment services without authorization. The CNMV warning list can be accessed here. This further suggests that MULTICHAIN INSIDER is not supervised and has no credibility or legitimacy.Therefore, investors should steer clear of MULTICHAIN INSIDER, as it is a very risky and unsafe broker. There are no guarantees or safeguards for the investors' funds, and they could lose all their money to this scam. To mitigate the risks of fraud and identity theft, we strongly suggest investors stay away from unlicensed brokers like MULTICHAIN INSIDER and instead choose a fully regulated one.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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