“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”.
MultiBank Group has secured two more licenses through its UAE and Singapore entities in a move that further strengthens its position as a globally regulated derivatives brokerage company.
Founded in 2005 in California, USA, the derivatives broker claims to have grown to boast a daily trading volume of over US $12.1 billion by catering to an extensive client base of over 1,000,000 customers across 100 countries.
Its offering includes up to 500:1 leverage on products including Foreign Exchange, Metals, Shares, Commodities, Indices and Digital Assets, while guaranteeing 24-hour withdrawal processing, and a “one-of-a-kind” excess loss insurance underwritten by Lloyds of London through its subsidiary MEX Atlantic.
MultiBank is now registered with over 11 regulators worldwide
With the approval from the Securities and Commodities Authority of the UAE (“SCA”) and the Monetary Authority of Singapore (“MAS”), MultiBank Group is now registered and regulated by a total of 11 financial watchdogs across more than 25 branches worldwide.
The broker is regulated by some heavy hitters within the financial regulation space across the globe, including ASIC of Australia, AUSTRAC of Australia, BaFin of Germany, FMA of Austria, SCA of the United Arab Emirates, MAS of Singapore and CIMA of the Cayman Islands.
Naser Taher, Founder and Chairman at MultiBank Group, commented: “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. 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”.
MultiBank launched crypto trading brand
MultiBank Group has recently ventured into the crypto trading space by launching a newly dedicated brand to that effect. Dubbed ‘MultiBank.io,’ the new brand is MultiBank’s first foray into cryptocurrency and blockchain. Formerly known as MEX Digital, MultiBank.io helps clients diversify into cryptocurrency, decentralized finance (DeFi) and non-fungible tokens (NFTs).
The unveiling of MultiBank.io comes despite a recent run of volatility in the crypto market that has raised fundamental questions over its safety for investors. The new platform could resolve part of these issues as its parent entity is closely supervised by 10 financial regulators worldwide across various jurisdictions.
Celebrating the launch, MultiBank.io has been named official partner of Masters-winning golfer Danny Willett. The seven-time title-winner also intends to release a series of NFTs in partnership with MultiBank.io, featuring on their website and marketing materials.
Owned by Naser Taher, MultiBank Group has launched MEX Digital, a global digital asset exchange that offers trading in more than 20 of the world’s top cryptocurrencies. The group has also set up MEX Pay, an electronic money institution offering online banking for both individuals and businesses, enabling customers to trade and bank in traditional currency as well as cryptocurrency.
The new ventures are underpinned by MEXD, the group’s own native coin that MultiBank is in the process of getting off the ground – it will run on the Ethereum blockchain and serve as a utility token that ensures MultiBank’s ecosystem is interoperable.
