multitraderspique is a contract for difference (CFD) brokerage whose official website domain was registered on February 9, 2023. This broker primarily offers investors services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration and Regulatory Status
According to publicly available information on the multitraderspique website, the broker was established in 2016 and claims that its company entity is VLS, regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed company registration details or detailed regulatory information.
Upon investigation, the Australian Securities and Investments Commission (ASIC) has no records of a regulated company named "VLS."
Therefore, multitraderspique is essentially a fraudulent broker website without any legitimate company entity or regulatory oversight.
Account Opening Process
To open a trading account with multitraderspique, visit the broker's official website, click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to enter the account registration page. Fill in required personal information such as name, email, and set a login password, then submit the form. Once the account is verified, you can successfully register.
Trading Products:
multitraderspique offers a variety of trading products to its clients, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading enables speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can find diverse trading opportunities and use high leverage to enhance potential returns.
- Commodities: Commodity trading covers essential global market resources, allowing traders to buy and sell a variety of raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in the price fluctuations of public companies, earning based on price changes and dividends, without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
multitraderspique offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: 500 GBP
- Minimum Expected Profit: 3,500 GBP
- Maximum Expected Profit: 5,000 GBP
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profits
CLASSIC ACCOUNT:
- Minimum Deposit: 5,000 GBP
- Minimum Expected Profit: 45,000 GBP
- Maximum Expected Profit: 50,000 GBP
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profits
PLATINUM:
- Minimum Deposit: 10,000 GBP
- Minimum Expected Profit: 99,999 GBP
- Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profits
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals per Day
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payment Only
- Use Any Broker
Trading Platform
multitraderspique provides a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, over comprehensive liquidity providers, and more than 12,000 orders executed per second. However, clicking on the download link provided redirects users to the MT4 trading platform, where no broker named multitraderspique is found.
Deposits and Withdrawals
multitraderspique does not support deposits and withdrawals via credit card or bank transfer. Transactions can only be made using cryptocurrency.
Conclusion:
Traderknows reminds investors that multitraderspique is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
