MultiBank Group Sees 69% YoY Gross Profits Increase in 2020

Fazzaco learned that MultiBank Group, a FX and CFD broker headquartered in Hong Kong, has reported its financial figures for 2020, showing a solid growth across key metrics.

The gross profit of the broker came in at over $139 million in 2020, which is 62 percent up from the previous year's over $85 million. At the same time, the company recorded an annual turnover at over $5 trillion in 2020, hitting a yearly record.

Nasher Taher, Chairman of MultiBank Group, said: "2020 was a monumental year to say the least, and I am so proud of these record-breaking financial figures. The results are a testament to our commitment to providing our clients with award winning technologies, platforms, and services, and of course to our fantastic team."

Fazzaco recently reported that MultiBank attended the iFX EXPO Dubai 2021 taking place from May 19 to 20, 2021. Additionally, the company has hired Sizwe Mthanti​ as Head of Business Development.