Reported Website: https://multilp.com/
Multi LP claims to be a licensed broker under regulation of Kuwait Ministry of Commerce and Industry. However, Kuwait Ministry of Commerce and Industry is not an authority that regulates forex activities. Moreover, as per information we have, Kuwait has no authorities issue licenses for forex trading or regulate entities that offer forex services. That means Multi LP is not regulated by any regulators. Letting this broker hold or control investors’ money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
