MultiBank Expands Its Global Footprint with Two Additional Licenses in UAE and Singapore

MultiBank Group, a FX and CFD broker headquartered in Hong Kong, 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).

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"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,"Mr. Naser Taher, Founder & Chairman, stated.

"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."

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).