Forex Brokers

multibankn

1.5 (15 reviews)
🇳🇿 New Zealand
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1.5
15 reviews
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About multibankn

multibankn has been flagged by Financial Markets Authority for "Fraud and Other Types of Misconduct|General enforcement alerts". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Absolutely dreadful

N
Natalie D.
1 months ago

KYC with multibankn is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.

Pros: Helpful community forum|Good analytical tools|Real-time alerts|Regular platform improvements

Cons: Onboarding videos are outdated|Wait times can be long during peak hours

Account restricted after profit

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Richard C.
1 months ago

multibankn had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Tax reports included|Real-time alerts

Cons: No crypto staking

Live chat is a bot that helps nobody

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Andrea T.
5 months ago

My card was charged twice by multibankn on the same day. I had to dispute it with my bank. multibankn then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Great customer service|Customizable dashboard

Cons: No live chat on mobile

Demo and live behave differently

A
Andrea D.
5 months ago

The only good thing about multibankn is that they remind you why regulation matters. I found them after a family member had a good experience. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Smooth onboarding|Helpful community forum

Cons: Minor UI glitches occasionally|Currency conversion fee exists

Documents rejected repeatedly

P
Paul I.
5 months ago

multibankn has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Professional team|Responsive team

Cons: Cannot customize dashboard fully

Forced to accept new fees

J
James B.
5 months ago

Where do I even begin with multibankn? for about three months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: Quick verification|Comprehensive tools|Easy to use platform|Multi-currency support

Cons: Desktop app not available on Linux

Proceed with extreme caution

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Anna B.
6 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that multibankn has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

Stay away from multibankn

T
Tiffany V.
7 months ago

multibankn locked my account without warning and demanded documents I had already submitted. for the past six months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Helpful community forum|Stable platform|Reliable uptime|Social trading features

Cons: No live chat on mobile|No dark mode on mobile

Analysts are anonymous

I
Isaac Z.
7 months ago

The mobile app from multibankn is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

Pros: Easy to use platform|Automated trading options|Fast deposits|Copy trading available

Cons: Website design could be more modern

Terms change without notice

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Gabrielle D.
8 months ago

multibankn has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.

Pros: Clean UI|Full transparency|Risk management tools|Social trading features

Cons: Limited ETF selection|No dark mode on mobile