Multibank, one of the forex trading platforms based in Dubai, has once again surprised by re-emerging and operating in the Vietnamese market. However, Multibank's return has not inspired trust but rather raised concerns and controversies. Info Finance has gathered extensive information regarding the unclear practices of this platform.

How did investors fall into Multibank's invitation trap?

Multibank utilized flashy advertising tactics, including a 30% bonus promotion on social media platforms, targeting individual investors and even VIP clients. It is reported that many investors, including Trinh Van Tung and Nguyen Tuan Dat, deposited substantial sums and engaged in trading with this platform. However, instead of receiving promised support and protection of their rights, they fell victim to sophisticated fraud schemes.

During meetings with Multibank, two investors opened accounts with large amounts ranging from $49,300 to $80,000 each and received substantial bonuses. However, when they attempted to withdraw profits from successful trades, Multibank created obstacles. Reasons cited by the trading platform, such as "bonus abuse" and prolonged withdrawal requests, gradually became a smokescreen for Multibank's unethical behaviors.

Notably, after customers achieved significant profits from gold trading, Multibank took perplexing actions such as reversing accusations of "bonus abuse" to refuse payment of earned profits. Moreover, the platform went as far as wiping clean the trading history on customers' MT4 platforms, an opaque and utterly dishonest act.

These incidents not only demonstrate Multibank's lack of transparency and responsibility but also show their willingness to deceive customers using any means—from promising one thing and doing another, to manipulating data and erasing traces upon detection.

What should investors do when encountering issues with untrustworthy trading platforms?

Investors with negative experiences with Multibank have filed complaints with Info Finance. We are committed to working closely with relevant parties to protect your rights and assets. Info Finance also reminds investors that before deciding to invest with any trading platform, thorough consideration and careful research are essential to avoid regrettable situations like those with Multibank.

In today's competitive market, transparency and honesty are crucial for building trust and stability. Therefore, Info Finance will continue collaborating with relevant organizations and agencies to monitor and safeguard consumers, reject fraud, and ensure a fair, transparent trading environment for all investors in Vietnam.

If you have any complaints about a trading platform, please follow these steps to report them to Info Finance for timely support: Step 1: Visit Info Finance's official website at https://infofinance.com/ Step 2: Click on "Report Broker/ Khiếu nại sàn" directly on the homepage. Step 3: Click on "Send Report/ Gửi khiếu nại" to start reporting the issues you are facing.

Thank you for staying informed with Info Finance. Don't forget to follow our fan page https://facebook.com/infofinance.official for the latest updates. For assistance during your trading experience or dealings with any platform, please contact Info Finance through: Support: CS@infofx.vn