Multicap Markets is an online trading platform and claims to provide numerous financial services and information. On their website, it states that it is registered in Nevis with an office in the United States. However, there were no chances of verifying any legitimate regulatory details, and the website provided no matching records with the National Futures Association (NFA).
Multicap Markets Broker Overview
- Website: https://multicapmarkets.com/
- Website Availability: Yes
- Address: 125 S Wacker Dr Suite 2820, Chicago, IL 60606, United States
- Owned By: Multicap Markets
- Blacklisted by: Not Recommended By Review Website Like Fraud Recovery Experts
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Lack of Regulation and Transparency
Nevis is not recognized as a legitimate jurisdiction for forex regulation, which is one of the first red flags. This Multicap Markets review has revealed that the company had no oversight by any legitimate regulatory authority. When it comes to Multicap Markets, you are effectively investing with no legal protection, thereby putting your investment at risk.
Negative Trustpilot Ratings and Website Risks
Despite a Trustpilot rating of 3.2 (Average), the majority of reviews are negative, with experiences highlighting withdrawal failures and poor customer service. The Trustscore of 1/100 is discouraging, and a subsequent review shows concerning signals, including the website owner being anonymous, low traffic, being hosted with other poorly rated sites, and a relative lack of history. The reviews had risk factors from the cryptocurrency and high-risk financial services, also reinforcing the concerns presented in this Multicap Markets review.
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