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Exposure Articles Summary Last Week (24th October-30th October)
Abstract：Last week (24th October to 30th October), WikiFX exposed a series of brokers based on the evidence we gathered. This article is going to summarize the exposure articles we posted last week.
Case 1: MultiBank Group
Last week, WikiFX exposed the MultiBank Group to the public as MultiBank Group blocks withdrawal requests. Check the articles below so you dont miss the details.
www.wikifx.com/en/newsdetail/202210246184529713.html
MultiBank Group lashed back at WikiFX as WikIFX airs its dirty laundry to the public.
www.wikifx.com/en/newsdetail/202210262844577910.html
WikiFX found no office at the address of MultiBank Group in Kuala Lumpur, which raises concerns about its reliability.
www.wikifx.com/en/newsdetail/202210276704537553.html
MultiBank Group lands in Malaysia.
www.wikifx.com/en/newsdetail/202210253174343853.html
Case 2: Tedex
Tedex is another notorious broker taking clients money away fraudulently and even put forward unacceptable demands.
www.wikifx.com/en/newsdetail/202210272084432653.html
Case 3: FVP Trade
Many of you may understand FVP Trade well as WikiFX has made a lot of reports about this broker. SITI (Italian investment and savings protection association) is preparing a collective redress (Class Action) against this broker and is calling on investors to provide more evidence.
www.wikifx.com/en/newsdetail/202210269454995104.html
Conclusion
MultiBank Group, Tedex, and FVP Trade all are considered scams. They block clients withdrawal requests which cause massive financial losses to investors. We advise people to be aware of these brokers.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Further Reading
Octa vs XTB — The Battle Of Two Very Different Broker Philosophies
Octa vs XTB Showdown: One Is Banned By The RBI, The Other Has 24 Years Of Stock-Market Pedigree — Which Should Indian Traders Actually Trust In 2026? If you are an Indian trader who has done even a casual Google search for forex brokers, two names will have crossed your screen — Octa (formerly OctaFX) and XTB. Both are widely advertised, both have massive global followings, and both claim to offer competitive trading conditions for retail traders. But these two brokers could not be more different in their philosophy, regulation, and legal standing in India. Octa is a mobile-first, high-leverage, beginner-friendly offshore broker that has rapidly grown across emerging markets — including, controversially, India. XTB is a 24-year-old publicly-listed European broker with deep Tier-1 regulation that has specifically chosen NOT to accept Indian clients in 2026. Yes, you read that right. XTB does not accept Indian residents. And Octa, the one that does serve Indian residents, has been adde
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Brokers With Maximum Credible Regulatory Licences
Walk into any forex marketing pitch in India in 2026 and the first claim you will hear is some variation of "we are regulated by multiple international authorities". The implication is obvious — multiple regulators equals safer brokers. But after WikiFX has documented thousands of complaint cases from Indian and other South Asian traders, one inconvenient truth has become impossible to ignore: Not all regulatory licences are equal. Not even close. A broker can claim "regulated by 5 authorities" — and if those 5 authorities are all offshore-tier (MISA, Vanuatu, Seychelles, Saint Lucia, Comoros), it offers approximately the same protection as no regulation at all. Meanwhile, a single FCA or ASIC licence carries more practical investor protection than a dozen offshore registrations stacked together. This is the WikiFX 2026 ranking of forex brokers by genuine regulatory credibility — measured not by quantity of licences, but by the strength and enforcement weight of the regulators behind
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XTB Exposure Report 2026: Mounting KYC & Fund Withdrawal Complaints
XTB, a veteran with over 15 years of experience in the competitive brokerage industry, has reportedly been facing severe user allegations concerning a tedious KYC verification process and blocked withdrawals despite numerous requests by traders globally. Traders worldwide, including those from the United States and the United Kingdom, have objected to the broker’s operational methodology in 2026. If you are one of them, this XTB review is worth reading! In this article, we have examined several user allegations to understand their concerns. Additionally, we have shared our analysis on the XTB regulation status. The holistic approach adopted by us will likely help you make an informed brokerage decision.
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