Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, October 20 2022 - 22:22
MultiBank Group Announces Two Additional Licenses in the UAE and Singapore
DUBAI, UAE, Oct. 20, 2022 /PRNewswire-AsiaNet/ --

    MultiBank Group, the largest financial derivatives institution worldwide, 
has consolidated its position as the world's most regulated broker, announcing 
that its subsidiaries have been awarded coveted licenses issued by two of the 
most respected regulators worldwide, including the Securities and Commodities 
Authority of the UAE ("SCA") and the Monetary Authority of Singapore ("MAS").
    From its establishment in 2005, MultiBank Group has maintained an 
unparalleled 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.

    MultiBank Group comprises several financial institutions that are regulated 
by financial authorities 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.

    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, 
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, 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. MultiBank Group has 
evolved into one of the largest online financial derivatives providers 
worldwide, offering its valued customers award-winning trading platforms, with 
up to 500:1 leverage on products including Foreign Exchange, Metals, Shares, 
Commodities, Indices and Digital Assets. For more information, please visit [ ].



    Source: MultiBank Group