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MULTICHAIN INSIDER

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Operating status: SCAM

Website: https://www.multichain-insider.com/

Broker violations and abnormal records
  • 2023-09-10 The Spanish CNMV adds MULTICHAIN INSIDER to its warning list

    On September 11, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added MULTICHAIN INSIDER to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1

    On September 11, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added MULTICHAIN INSIDER to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1
  • 2023-06-29 The UK FCA issues a warning against MULTICHAIN INSIDER

    On June 30, 2023, the Financial Conduct Authority (FCA) issued a warning against MULTICHAIN INSIDER, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/multichain-insider

    On June 30, 2023, the Financial Conduct Authority (FCA) issued a warning against MULTICHAIN INSIDER, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/multichain-insider
  • 2023-09-11 BrokersView has reviewed that MULTICHAIN INSIDER is an unregulated broker

    While MULTICHAIN INSIDER claims to be located in the UK, it has drawn a warning from the Financial Conduct Authority (FCA), the British financial watchdog, for carrying out unlicensed activities.

    Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) added MULTICHAIN INSIDER to its warning list for providing investment services without authorization.

    In essence, MULTICHAIN INSIDER is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    MULTICHAIN INSIDER is unequivocally a scam.

    While MULTICHAIN INSIDER claims to be located in the UK, it has drawn a warning from the Financial Conduct Authority (FCA), the British financial watchdog, for carrying out unlicensed activities.Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) added MULTICHAIN INSIDER to its warning list for providing investment services without authorization.In essence, MULTICHAIN INSIDER is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. MULTICHAIN INSIDER is unequivocally a scam.

Related Complaints

Q&A

Would you recommend MULTICHAIN INSIDER for trader?

Nelly Tuezarova
New Zealand
2023-10-18
ANSWER No, we, on the contrary, strongly suggest you avoid MULTICHAIN INSIDER.MULTICHAIN INSIDER claims to be based in the UK, but has no legal license to operate there. The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning against this broker for conducting illegal activities in the UK market.Additionally, the Spanish securities regulator, the Comisión Nacional del Mercado de Valores (CNMV), has also blacklisted MULTICHAIN INSIDER for offering investment services without authorization. The CNMV warning list can be accessed here. This further suggests that MULTICHAIN INSIDER is not supervised and has no credibility or legitimacy.Therefore, investors should steer clear of MULTICHAIN INSIDER, as it is a very risky and unsafe broker. There are no guarantees or safeguards for the investors' funds, and they could lose all their money to this scam. To mitigate the risks of fraud and identity theft, we strongly suggest investors stay away from unlicensed brokers like MULTICHAIN INSIDER and instead choose a fully regulated one.
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