DUBAI 19.10.2022 - MultiBank Group, the largest financial derivatives institution worldwide, has consolidated its position as the world’s most regulated broker. MultiBank Group announced that its subsidiaries have been awarded coveted licenses issued by two of the most respected regulators worldwide, the Securities and Commodities Authority of the United Arab Emirates (“SCA”) and the Monetary Authority of Singapore (“MAS”).
From its establishment in 2005 to this day, MultiBank Group has maintained an unparalleled and unblemished regulatory record, with 11+ financial regulators and over 25 branches worldwide. The Group provides its clients with the highest level of fund security, guaranteeing 24-hour withdrawal processing, offering a one-of-a-kind excess loss insurance underwritten by Lloyds of London, through its subsidiary MEX Atlantic, and providing fully transparent electronic exchanges.
MultiBank Group comprises a number of financial institutions that are regulated by financial authorities including, ASIC of Australia (MEX Australia Pty Ltd), AUSTRAC of Australia (MEX Digital Pty Ltd), BaFin of Germany (MEX Asset Management Gmbh), FMA of Austria, SCA of the United Arab Emirates (MEX Global Financial Services LLC), MAS of Singapore (MEX Global Markets PTE. LTD) and CIMA of the Cayman Islands (MEX Atlantic Corporation).
Mr. Naser Taher, Founder & Chairman, stated “It is with great delight that today we announce the launch of newly licensed entities regulated by SCA and MAS. We are the world’s most heavily regulated broker, registered with over 11 regulators worldwide, and shall continue our long-term commitment to advancing regulatory standards for the benefit of traders globally. We are very proud that MultiBank Group has an impeccable record with its global regulators. In an age where ‘AAA’ rated banks encounter consistent regulatory challenges, such a flawless regulatory status is indeed unique within this industry. As a result of our considerable track record, our over 1,000,000 valued clients, have entrusted us for the last three decades to be their safe and trusted financial products and fintech provider”.
With a team of highly qualified and experienced industry veterans, led by Mr Naser Taher, MultiBank Group continues to strengthen its position as the global leader in regulations, fintech technology, brokerage services and financial products, whilst experiencing unprecedented growth year-on-year across all metrics including trading volumes, number of clients and recording breaking financial results.
About MultiBank Group
MultiBank Group was established in California, USA, in 2005. It boasts a daily trading volume of over US $12.1 billion and services an extensive client base of over 1,000,000 customers across 100 countries. Since its inception, MultiBank Group has evolved into one of the largest online financial derivatives providers worldwide, offering brokerage services and asset management. The group offers its valued customers award-winning trading platforms, with up to a 500:1 leverage on products including Foreign Exchange, Metals, Shares, Commodities, Indices and Digital Assets. For more information about MultiBank Group, please visit MultiBankFX.com.