Beware Traders! MultiBank Group Lands In Malaysia Officially

Why did WikiFX go to such great lengths to warn our users about MultiBank Group arriving in Malaysia？ Keep reading to find out more.

Last month (September 2022), WikiFX published an article to warn our users about the possibility of the OG forex scammer MultiBank Group's arrival in Malaysia. Read here: https://www.wikifx.com/en/newsdetail/202209154954705184.html.

Fast forward a month later, we spotted that it was official – they are now indeed in Malaysia!

Headquartered in Hong Kong, MultiBank Group was founded in 2005 in California (USA),

it is one of the infamous forex brokers that has gained its foul name in the Asia Forex industry, especially in China.

Although MultiBank claims it possesses several licenses to prove its validity, WikiFX discovered that most of the licenses are invalid. This explains why MultiBank Group has such a low WikiFX Score in our verified database.

On MultiBank Group's Malaysia Facebook page (https://www.facebook.com/multibankmalaysia/), it is seen that they are now actively promoting and prompting trading clients to open trading accounts on their platform.

Moreover, they are also proactively seeking to introduce brokers, which suggests that they are starting to tackle Malaysia's Forex industry in various directions.

Seeing the information below on MultiBank Groups Malaysia Facebook page, we deduce that it has a registered business premise located near the bustling city of Kuala Lumpur.

Upon performing further research, we found more details regarding that premise in question on vmaps.com.

Stay tuned with WikiFX as we strive to continue unravelled more dirt of scam Forex brokers from around the globe so our users do not easily fall prey to their schemes.