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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Scam alert - They took my money

E
Emily D.
8 months ago

I want to warn everyone about multibankn. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Pros: Professional looking website

Cons: No regulatory oversight|Money disappeared|Fake testimonials

An insult to paying customers

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Graham Y.
9 months ago

Opened my account with multibankn through my accountant's suggestion and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: Competitive fees|Good mobile app|Tax reports included|Wide product range

Cons: Live chat only during business hours

They ignore every complaint

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Courtney K.
9 months ago

Do not believe the bonus offer from multibankn. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.

Pros: API access|Fast deposits|Risk management tools

Cons: Search feature is basic|No integrated tax optimization

Same issues as parent brand

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Wyatt S.
11 months ago

I have been trying to close my account with multibankn for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Full transparency|Social trading features

Cons: Some tools only available on higher tiers|No dark mode on mobile

Conversion fees hidden

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Carl Z.
12 months ago

I had high hopes for multibankn based on a colleague's recommendation, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Fast support response|Regular updates|Risk management tools

Cons: No fractional shares|Website design could be more modern