MultiBank Group REVIEW (2026)

Gold Spreads, Regulation & Is It Worth It?

MultiBank Group is one of the biggest names in CFD trading by sheer scale — over 20,000 instruments, 15+ regulated entities, and a paid-up capital figure the company likes to put front and centre in its marketing. For gold traders, the pitch is straightforward: tight ECN-style spreads on XAU/USD, leverage up to 500:1 outside stricter jurisdictions, and a platform lineup that covers MT4, MT5, and a proprietary app.

Scale alone doesn’t tell you whether a broker is a good fit, though — especially one that operates through as many separate legal entities as MultiBank does. This review breaks down what actually matters for gold traders: real spreads (not just the marketing “from” figure), account tiers, leverage rules specific to XAU/USD, and where the broker’s genuine regulatory strength sits.

XAUDesk Rating: MultiBank Group 3.8 / 5

Best for: Well-funded gold traders seeking competitive ECN pricing.

Main drawback: MultiBank’s strongest pricing requires substantially more capital than many competing brokers.

  • Gold Pricing: Competitive on ECN, well above average on Standard
  • Regulation: Strong at Tier-1 entities, variable group-wide
  • Platforms: Strong — MT4, MT5, TradingView-powered app
  • Execution: Good on ECN, market-maker model on Standard/Pro
  • Account Accessibility: Mixed — low entry deposit, high cost to access best pricing
  • Gold Trading Features: Solid — swap-free option, VPS, FIX API for active traders

Quick Verdict

Overall Rating 3.8/5 — a large, well-capitalised broker with genuine Tier-1 regulation and competitive ECN pricing for well-funded gold traders, offset by a tiered account structure that makes its best pricing inaccessible to smaller accounts.
Best for Traders who can fund a Pro or ECN account and want tight, raw-style gold spreads with high leverage and a broad instrument range beyond just forex and metals.
Not ideal for Beginners on a small budget who'll be stuck on Standard-account pricing, or anyone who wants the simplicity of a single account tier rather than a "pay more, get a better price" structure.
Regulation ASIC (Australia), CySEC (Cyprus), BaFin (Germany), MAS (Singapore), plus a long list of additional entities across the Middle East, Asia, and offshore jurisdictions.
Platforms MetaTrader 4, MetaTrader 5, and the proprietary MultiBank App (with TradingView-powered charting).
Gold spread Varies sharply by account — from roughly 2–8 cents on the ECN account (plus commission) up to around 15–30 cents on Standard/Pro accounts, depending on entity and account type.
Minimum deposit $50 (Standard), $1,000 (Pro), $5,000–$10,000 (ECN, varies by entity).

Pros

  • Genuine Tier-1 regulation through ASIC, BaFin, CySEC and MAS entities, alongside segregated client funds
  • $1 million Excess Loss Insurance via Lloyd’s of London for clients of the Cayman Islands entity
  • Very tight ECN spreads on gold for traders who can meet the higher deposit thresholds
  • Broad instrument range — over 20,000 CFDs including shares, indices, crypto, and metals
  • No internal deposit or withdrawal fees
  • MultiBank App integrates TradingView-style charting alongside MT4/MT5 access

Cons

  • Best pricing is gated behind a $5,000–$10,000 ECN account — Standard-account spreads are well above what’s achievable elsewhere for a $50 deposit
  • Regulatory strength varies dramatically by entity — Tier-1 protection isn’t guaranteed depending on which subsidiary you’re onboarded under
  • Some users report withdrawal delays; independent broker forums show more complaint volume than the marketing suggests
  • $60/month inactivity fee after three months of no trading
  • Gold leverage is automatically cut to 1:50 in the three hours before the Friday market close

This summary reflects XAUDesk's independent assessment. It is not a guarantee of spreads, execution, or trading outcomes — verify current terms directly with MultiBank Group before opening an account.

MultiBank Group Overview

Company background

MultiBank Group traces back to 2005 and has grown into one of the larger multi-asset CFD brokers by client and instrument count, now operating with global headquarters in Dubai, UAE. The group reports a paid-up capital figure of over $322 million and states it serves clients across roughly 90 countries through more than a dozen regional entities. It’s a privately held business, so there’s no obligation to publish consolidated financial statements the way a publicly listed broker like CMC Markets does — some regional subsidiaries file abridged local accounts, but the overall group financials aren’t public.

Where it operates

This is the single most important thing to understand about MultiBank Group before opening an account: it operates through 15+ separate legal entities, each with a different regulator, different leverage caps, and different investor protections. The entity you’re actually onboarded under depends on your country of residence — not on which one looks best in the marketing.

Entity Regulator License
MEX Australia Pty Ltd ASIC (Australia), AFSL 416279 Tier-1
MEX Europe Ltd CySEC (Cyprus), license 430/23 Tier-1
MEX Asset Management GmbH BaFin (Germany) Tier-1
MEX Global Markets Pte Ltd MAS (Singapore), CMS101174 Tier-1
MEX Global Financial Services LLC SCA (UAE) Tier-2
MEX Atlantic Corporation CIMA (Cayman Islands) Tier-3
MultiBank FX International Corp FSC (British Virgin Islands), SIBA/L/14/1068 Tier-3
MEX Pacific (V) Ltd VFSC (Vanuatu) Tier-3
MB Group (Seychelles) Limited FSA (Seychelles) Tier-3

The practical takeaway: a trader onboarded under the ASIC or BaFin entity gets meaningful regulatory protection — segregated funds, leverage caps, and access to established complaint/enforcement mechanisms. A trader onboarded under one of the Tier-3 offshore entities gets access to much higher leverage, but with materially less legal recourse if something goes wrong. Always confirm which entity your account sits under before funding it — it’s stated in your account-opening documents, not always obvious from the marketing site.

Tradable markets

MultiBank Group lists over 20,000 CFD instruments — a genuinely broad range spanning forex (around 55 pairs), metals, indices, energies, individual shares (over 1,000), and cryptocurrency CFDs where locally permitted. This is a materially larger product catalogue than most gold-focused brokers offer, which suits traders who want to diversify beyond metals without switching brokers.

Who MultiBank Group is best suited for

MultiBank Group’s structure rewards traders who can deposit meaningfully — the ECN account’s raw-style pricing is genuinely competitive for gold, but it sits behind a deposit threshold that puts it out of reach for a casual trader testing the waters with $50 or $100.

Is MultiBank Group Safe?

Regulation

MultiBank Group’s core strength is the sheer number of jurisdictions it’s licensed in, including genuine Tier-1 regulators: ASIC (Australia), BaFin (Germany), CySEC (Cyprus), and MAS (Singapore). These come with real teeth — capital adequacy requirements, conduct rules, and (in the EU/UK-adjacent entities) leverage caps for retail clients in line with ESMA-style rules. Alongside these sit a long tail of Tier-2 and Tier-3 licenses (UAE’s SCA, Cayman’s CIMA, BVI’s FSC, Vanuatu’s VFSC, Seychelles’ FSA) that extend the group’s global reach but come with much lighter oversight.

Client money protection

Client funds are held in segregated accounts, separate from the company’s operating capital, across the regulated entities. For clients specifically onboarded under the MEX Atlantic Corporation (Cayman Islands) entity, MultiBank Group also carries $1 million in Excess Loss Insurance underwritten through Lloyd’s of London — a genuinely useful extra layer, though it’s worth being clear that this is private commercial insurance, not a government-backed compensation scheme, and it applies to that specific entity rather than the group as a whole.

Negative balance protection

Negative balance protection is available in some jurisdictions — generally the Tier-1 regulated entities — meaning retail clients under those entities cannot lose more than their account balance. As with leverage and investor protection generally, this varies by entity, so it’s worth confirming directly which protections apply to your specific account before trading with meaningful leverage.

Company reputation

MultiBank Group promotes a large number of industry awards and a long operating history dating to 2005. Independent broker-scoring platforms give it a reasonably strong rating overall — BrokerChooser, for instance, scores it around 4.3/5 based on its broader criteria set. That said, it’s worth going in with clear eyes: some independent broker forums and review aggregators report a higher volume of user complaints than the marketing suggests, with withdrawal delays being the most commonly cited issue. This doesn’t appear to be isolated to one entity or region, so it’s a reasonable data point to weigh alongside the genuine regulatory credentials — verify your specific entity’s terms and test a modest withdrawal early on rather than waiting until you need to move a large balance.

Trustpilot and public reputation

MultiBank Group holds a strong Trustpilot rating, in the region of 4.5–4.6 out of 5 across roughly 1,500+ reviews. Positive reviews consistently mention competitive pricing, fast execution, and multilingual support; the more critical reviews cluster around withdrawal processing time and, less commonly, communication from account managers. As with any broker review site, it’s worth reading a spread of both positive and negative reviews rather than anchoring on the aggregate score alone.

MultiBank Group Pros and Cons

PROS CONS
Genuine Tier-1 regulation (ASIC, BaFin, CySEC, MAS) Best gold pricing gated behind $5,000–$10,000 ECN deposit
$1M Lloyd's of London excess loss insurance (Cayman entity) Regulatory strength varies significantly by entity
Very competitive ECN gold spreads for well-funded accounts Standard account spreads are well above raw-market cost
20,000+ instruments across six asset classes Some user reports of withdrawal delays
No internal deposit/withdrawal fees $60/month inactivity fee after three months
MT4, MT5, and TradingView-style proprietary app Gold leverage auto-reduced to 1:50 near weekend close
Negative balance protection (Tier-1 entities) No micro/cent account option

Considering MultiBank Group?

MultiBank is most compelling for traders who can access its Pro or ECN pricing. Check the account type and regulatory entity available in your jurisdiction before opening an account.

Standard

The entry point, with a $50 minimum deposit and commission-free trading. Spreads are floating and start from around 1.5 pips on major forex pairs, with gold spreads sitting closer to 15–30 cents depending on the entity — noticeably wider than the ECN tier. This account suits beginners testing the platform, not traders optimising for cost.

Pro

A $1,000 minimum deposit gets tighter, still commission-free spreads (from around 0.8 pips on forex), positioned as the middle tier for traders who've outgrown Standard pricing but aren't ready for the ECN account's deposit requirement.

ECN

The account MultiBank's headline marketing numbers are based on. Raw, near-institutional spreads from close to 0.0 pips on forex and low single-digit cents on gold, offset by a per-lot commission (commonly cited around $3–6 per round-turn lot, below the ~$7 industry norm for comparable ECN accounts). Minimum deposit requirements vary by entity, typically falling somewhere between $5,000 and $10,000 — a meaningful barrier to entry compared with the $0–$200 minimums common at ECN-style rivals like Pepperstone or IC Markets.

Islamic (swap-free)

Available across account tiers for clients who need to avoid overnight interest under Sharia principles, with an alternative fee structure replacing the standard swap charge.

Markets Available

Asset class Approx. range Notes
Forex ~55 pairs Majors, minors, and exotics (e.g. USD/TRY, USD/ZAR)
Gold Spot XAU/USD Focus of this review; spread varies sharply by account tier
Silver Spot XAG/USD Also available across account tiers
Indices Major global indices UK 100, US SPX 500, US Tech 100, GER30, and others
Shares 1,000+ CFDs Broader share range than most gold-focused brokers
Commodities Energies, some softs Crude oil, natural gas, copper
Crypto CFDs Available where permitted Availability depends on the regulatory entity

MultiBank Group Gold Trading Review

Gold spreads

This is where MultiBank’s tiered account structure matters most. Marketing materials advertise gold spreads “from” as low as 2 cents, but that figure applies only to the ECN account under specific liquidity conditions. Independent testing and third-party broker comparisons paint a more realistic picture: ECN-account gold spreads typically land somewhere around 7–15 cents plus commission, while Standard and Pro account spreads on gold are commonly reported in the 15–30 cent range. In practice, that means a beginner on the $50 Standard account is likely paying two to four times the spread cost of a trader who’s funded the $5,000+ ECN account — a meaningfully different value proposition depending on which tier you’re actually in.

Fixed vs variable spreads

Unlike Trade Nation’s fixed-spread model, MultiBank Group’s spreads across all account tiers are variable, moving with market liquidity and volatility. That means gold spreads can widen materially around high-impact news events — something to plan for if you trade around scheduled catalysts like NFP or FOMC, since the “from” figure quoted in marketing is a floor, not a guaranteed rate.

Execution quality

MultiBank operates a hybrid model — some order flow is handled market-maker style, while the ECN account routes to a genuine electronic communications network with reported depth of market across 30–40 levels during peak sessions. Slippage on the ECN account is generally reported as modest, in the region of a fraction of a pip around high-impact news, though as with any broker this should be verified on your own account rather than taken purely from marketing claims.

Scalping suitability

MultiBank Group is broadly workable for gold scalping on the ECN account, where raw spreads plus a competitive commission make short-term strategies viable. One important caveat: the broker actively monitors for scalping activity — defined internally as positions opened and closed within 120 seconds representing more than 70% of a client’s total trading activity — and applies this monitoring specifically to ECN accounts. This isn’t unusual in the industry, but aggressive high-frequency scalpers should read the specific terms for their account before building a strategy entirely around very short hold times.

Swing trading suitability

Swing traders holding gold positions for days rather than minutes are less exposed to the spread-tier gap, since spread cost matters less relative to the size of the intended move. The more relevant consideration for swing traders is the swap rate — some independent testing reports MultiBank’s XAU/USD swap rates as competitive against the broader industry benchmark, which is a genuine plus for traders holding gold positions overnight for extended periods.

Trading during high volatility

Because MultiBank’s pricing is variable rather than fixed, gold spreads can and do widen during major news releases and in the run-up to the weekend close. Traders should factor this into position sizing around scheduled events rather than assuming the advertised “from” spread will hold.

Swap rates

Swap fees apply to positions held past the daily rollover, calculated on interest rate differentials and varying by direction and market. Some accounts in specific countries are offered on a swap-free basis by default; check your account terms directly, since this varies by region and entity.

Margin requirements and gold-specific leverage rules

Leverage on gold depends heavily on which entity holds your account. Clients under ASIC or CySEC (Tier-1, retail) face standard regional leverage caps — typically 1:30 on major FX and materially tighter caps on commodities including gold. Clients under the offshore entities can access leverage up to 500:1 or higher on gold, a dramatically different risk profile.

One detail worth flagging specifically for gold traders: MultiBank Group automatically reduces maximum leverage on XAU/USD to 1:50 in the three hours before the weekly market close each Friday, reverting to standard leverage the following Monday. This is a deliberate risk-management measure to limit weekend gap exposure, and it applies regardless of which account tier you’re on — worth planning around if you routinely hold gold positions into the weekend.

Trading hours

Gold trades close to the standard interbank forex week, opening early Monday and closing late Friday (server time GMT+2/GMT+3 depending on daylight saving), with a daily rollover point at which swap charges apply.

Overall verdict for gold traders

MultiBank Group is a genuinely strong gold-trading option for traders who can meet the ECN account’s deposit threshold and want tight, variable spreads combined with high available leverage (where their regulatory entity permits it). It’s a considerably less compelling option for a trader starting small — the Standard account’s wider spreads mean the “industry-leading” pricing referenced in marketing simply isn’t available at that tier. The automatic Friday leverage reduction on gold is a sensible protection worth knowing about in advance rather than discovering mid-position.

Considering MultiBank for Gold Trading?

MultiBank’s strongest proposition for gold traders is its ECN pricing, particularly for traders able to meet the higher funding requirement. Check current XAU/USD spreads, account requirements and the entity available in your jurisdiction before opening an account.

Trading Platforms

MetaTrader 4 and MetaTrader 5

Both platforms are available across account tiers, with MT5 offering a modern update over MT4's charting and order-management tools while spreads on both mirror each other — the choice is largely down to personal preference or Expert Advisor compatibility.

MultiBank App / MultiBank-Plus

The proprietary app combines an intuitive interface with TradingView-powered charting and integrated market analytics — a genuine strength for traders who want strong charting without leaving the native app, similar in spirit to Trade Nation's TradingView integration but bundled into MultiBank's own platform rather than TradingView itself. Some reviewers note the web platform specifically lacks certain advanced tools like one-click and automated trading, which are available on MT4/MT5 instead.

VPS and API access

Free VPS hosting is available for clients meeting minimum equity ($2,000) and monthly volume (10 lots) thresholds, alongside FIX API access for high-volume or algorithmic traders — infrastructure aimed squarely at serious, active traders rather than casual users.

Fees and Costs

Spreads

Variable across all tiers: from around 1.5 pips (Standard), 0.8 pips (Pro), and close to 0.0 pips (ECN, plus commission) on major forex pairs, with gold spreads following a similar tiered pattern as detailed above.

Commission

Standard and Pro accounts are commission-free, with costs built into the spread. The ECN account charges a per-lot round-turn commission, commonly cited around $3–6 per lot depending on the entity — competitive against the roughly $7 industry norm at comparable ECN brokers.

Swap fees

Applied on positions held past daily rollover; rates vary by instrument and direction. Islamic swap-free accounts are available, and some regions default to swap-free terms on Standard/Pro accounts.

Deposit fees

No internal fees charged by MultiBank Group; third-party payment processor fees may apply depending on method.

Withdrawal fees

No internal withdrawal fees. As above, factor in potential third-party charges, and note the withdrawal-delay reports referenced in the safety section above — worth testing with a modest withdrawal early in your relationship with the broker.

Inactivity fees

A $60 monthly maintenance fee applies to accounts with no trading activity for three consecutive months — a meaningfully higher inactivity charge than many competitors, and one worth being aware of if you plan to trade gold seasonally or intermittently rather than continuously.

Execution Quality

MultiBank operates both market-maker and ECN/DMA execution models depending on the account type. The ECN account routes to genuine liquidity providers with reported deep order books during peak sessions, while Standard and Pro accounts are more likely to see MultiBank itself as the counterparty. Reported slippage around news events is generally described as modest on independent tests, though as with any broker, conditions can vary and are worth verifying with your own live-account experience rather than relying solely on marketing claims.

Deposits and Withdrawals

MultiBank Group supports a wide range of funding methods including bank cards, bank wire, Skrill, Neteller, and select cryptocurrencies (BTC, USDT). Accounts default to USD as the base currency, though multiple sub-accounts in different currencies can be opened — a slightly less convenient setup than brokers offering direct base-currency selection at account opening, but workable for traders who want to avoid FX conversion drag on specific trades. Withdrawal requests are generally processed without an internal fee, though as noted above, independent user reports suggest processing times can be inconsistent, so it’s worth building in a buffer rather than assuming same-day processing as a baseline.

Education and Research

MultiBank Group offers a reasonable spread of educational content and market commentary, alongside integrated social/copy trading tools that let less experienced traders follow more established ones. It’s not positioned as a deep research powerhouse in the way IG or Pepperstone are, but the basics — glossaries, strategy guides, and market updates — are present and usable for a trader building foundational knowledge.

Customer Support

Support is available 24/7 across multiple languages, with independent reviews generally describing response quality positively. As with the broader safety picture, some user reports mention slower resolution times specifically around withdrawal-related queries, which is worth factoring in if a fast, frictionless withdrawal process is a priority for you.

How to Open an Account

  1. Choose your region and entity — this is more consequential at MultiBank than at most brokers, since it determines your regulator, leverage cap, and investor protections. Check which entity you’ll actually be onboarded under before proceeding.
  2. Select an account type — Standard, Pro, or ECN — based on your deposit size and cost priorities.
  3. Complete identity verification (KYC), providing proof of ID and address as required by your regulatory entity.
  4. Fund your account using your preferred payment method, keeping the relevant minimum deposit in mind.
  5. Choose your platform — MT4, MT5, or the MultiBank App — and consider starting on the $100,000 demo account if you’re new to gold CFD trading or testing the ECN account’s execution before committing real capital.

MultiBank Group vs Competitors

Broker Gold spread type Approx. gold spread Platforms Regulation (Tier-1) Min. deposit Learn More
MultiBank Group (ECN) Variable (raw) ~$0.07–0.15 + commission MT4, MT5, MultiBank App ASIC, BaFin, CySEC, MAS $5,000–$10,000 Visit
MultiBank Group (Standard) Variable ~$0.15–0.30 MT4, MT5, MultiBank App Same as above $50 Visit
Trade Nation Fixed ~$0.30 TN Trader, MT4, TradingView FCA, ASIC $0 Trade Nation Review

The comparison makes MultiBank’s split identity clear: its ECN account is genuinely competitive against the tightest gold-spread brokers on the market, but only for traders who can meet a deposit threshold well above what Trade Nation require for comparable or better pricing. For a trader without $5,000+ to commit upfront, several rivals offer meaningfully tighter gold spreads at a $0–$200 minimum deposit.

Who Should Use MultiBank Group?

  • Traders who can fund a Pro or ECN account and want genuinely tight, raw-style gold spreads
  • Traders who want a very broad instrument range (20,000+ CFDs) alongside gold, without switching brokers
  • Higher-leverage traders comfortable operating under one of MultiBank’s non-Tier-1 entities
  • Active/algorithmic traders who’ll use the VPS and FIX API infrastructure

Who Should Avoid MultiBank Group?

  • Beginners with a small starting balance who’d be stuck on Standard-account pricing well above market rate
  • Traders who prioritise the fastest, most predictable withdrawal experience
  • Anyone uncomfortable navigating a multi-entity corporate structure to confirm their specific protections
  • Infrequent or seasonal traders who could get caught by the $60/month inactivity fee

Final Verdict

MultiBank Group is a broker of real scale and genuine Tier-1 regulatory credentials, and for gold traders who can meet its ECN account’s deposit threshold, the pricing is legitimately competitive against the tightest brokers on the market. The catch is that this is a tiered business by design — the headline numbers in MultiBank’s marketing apply to a small slice of its account base, and a trader starting with $50 on the Standard account is paying a meaningfully different (and higher) cost than the marketing implies.

Regulation is a genuine strength at the group’s Tier-1 entities (ASIC, BaFin, CySEC, MAS), backed by segregated funds and, for Cayman-entity clients, a real $1 million Lloyd’s insurance policy. But the flip side of operating 15+ separate entities is that the protection you actually get depends entirely on which one you’re placed with — worth confirming directly rather than assuming the group’s best-case regulatory profile applies to your account by default.

Overall, MultiBank Group earns a solid but qualified recommendation: strong for well-capitalised gold traders who do their entity homework, less compelling for beginners who’ll be better served by a broker offering competitive pricing without a high deposit gate Best Gold Brokers.

Is MultiBank Right for Your Gold Trading?

MultiBank Group is particularly worth considering for traders who can access its more competitive ECN pricing and want MT4/MT5 alongside a broad CFD range. Smaller traders should compare Standard-account pricing against alternative gold brokers before deciding.

Frequently Asked Questions

Is MultiBank Group a good broker?

MultiBank Group is a large, well-regulated broker that offers genuinely competitive gold spreads on its ECN account, though its Standard account pricing is considerably less competitive. It’s a stronger fit for traders who can meet the ECN deposit threshold than for beginners starting small.

MultiBank Group holds genuine Tier-1 regulation through entities regulated by ASIC, BaFin, CySEC, and MAS, with segregated client funds and negative balance protection in those jurisdictions. Because the group operates through 15+ legal entities with varying levels of oversight, it’s important to confirm which specific entity your account is opened under, since protections differ significantly between the Tier-1 and offshore entities.

Yes. MEX Australia Pty Ltd holds an Australian Financial Services Licence (AFSL 416279) from ASIC.

Gold spreads vary significantly by account tier — from roughly 7–15 cents plus commission on the ECN account, up to around 15–30 cents on the commission-free Standard and Pro accounts. The lowest advertised “from” figures generally apply only to ECN-account pricing under favourable liquidity conditions.

$50 for the Standard account, $1,000 for the Pro account, and typically $5,000–$10,000 for the ECN account, depending on the regulatory entity.

Yes, both platforms are available across all account types, alongside the proprietary MultiBank App with TradingView-powered charting.

Leverage depends on your regulatory entity — Tier-1 (ASIC/CySEC) retail clients face standard regional caps, while clients under offshore entities can access leverage up to 500:1 on gold. Note that MultiBank automatically reduces gold leverage to 1:50 in the three hours before the Friday market close, regardless of account tier.

Yes — a $60 monthly fee applies to accounts with no trading activity for three consecutive months.

Yes, a free demo account with $100,000 in virtual funds is available to test platforms and strategies before trading live.

Withdrawals can be requested through your account portal, generally via the same method used to deposit. MultiBank Group does not charge an internal withdrawal fee, though some independent user reports cite inconsistent processing times — it’s worth testing a smaller withdrawal early on to understand your specific entity’s typical turnaround.

This review is based on publicly available broker documentation, regulatory registers, and aggregated third-party user feedback as of July 2026. Trading CFDs carries a high level of risk and most retail investor accounts lose money when trading CFDs. This article does not constitute financial advice — verify current terms, spreads, and the specific regulatory entity your account will be opened under directly with MultiBank Group before opening an account.

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