MultiBank Group is one of the largest online financial derivatives providers around the globe. It became established in California, USA, in 2005, but the company has grown over the years, reaching out to other countries. MultiBank Group has recently secured a strategic commercial license from the Dubai Financial Services Authority (DFSA).
Thanks to that coveted license, the Group can extend its regulatory arsenal, including heavily regulated companies regulated by ASIC in Australia, FMA in Austria, BaFin in Germany, CNMV in Spain, CIMA in the Cayman Islands, and FSC in the British Virgin Islands.
As a result, the MultiBank Group currently operates through 21 offices in 5 continents. It has recently opened a new office in the DIFC.
The Group’s annual turnover surpassed US$ 1.9 Trillion, while its Gross Profit reached US$ 85.6 million in 2019. The platform facilitates over 90,000 trades per day, servicing over 280,000 customers worldwide.
The DFSA license marks yet another momentous occasion for us – stated Naser Taher, Chairman of MultiBank Group, adding that it is a testament to the MultiBank Group’s strength and commitment to the MENA region. The DFSA approval underscores the company’s dedication to continuing to provide their retail and institutional clients with world-class services, as well as the highest level of security of funds.
The MultiBank Group Won Four Awards in 2020
In 2020, MultiBank Group was accoladed for the following awards:
- Best Forex Trading Platform MENA, at Finance Derivative Awards 2020
- Best Forex Service Provider, at International Business Magazine 2020
- The Best Forex Customer Service, at Forex Awards 2020
- Best APAC Region Broker, at ADVFN International Financial Awards 2020
International Business Magazine named MultiBank Group as the “Best FX Service Provider” at its annual awards ceremony. The Dubai-based publication is highly respected within the industry, and its prize is hard to earn.
The Group won the “Best FX Trading Platform MENA” award at the Finance Derivative Awards 2020. The company was proud to accept the award for “Best FX Customer Service” at the Forex Awards 2020.
Naser Taher, Chairman of MultiBank Group, noted that the last year has been incredible for MultiBank Group, and they are honored to pick up so many prestigious awards.
However, it was a successful year on other fronts as well. The Group’s reports showed record figures, with Q1-Q3 results skyrocketing by 49% YOY. The Group’s gross profit surpassed USD 94 million from January to September 2020, showing a substantial increase from USD 63 million for the same period in 2019.
- Trading Instrument
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