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MultiBank Group sets up operations at DIFC

Gets a regulatory license from DFSA

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MultiBank Group, one of the largest online financial derivatives providers worldwide, represented by its subsidiary, MEX Australia Pty. Ltd., has secured a strategic commercial license from the Dubai Financial Services Authority (DFSA).

This extends the group’s regulatory arsenal to include ASIC in Australia, BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the British Virgin Islands, and CIMA in the Cayman Islands.

With the opening of the new office in the Dubai International Financial Center (DIFC), the group now operates through 21 offices on five continents.

Established in California in 2005, the MultiBank Group is now one of the largest financial derivatives groups in the world with an annual turnover of over USD 1.9 trillion and gross profit of USD 85.6 million in 2019, facilitating over 90,000 trades per day. It services more than 280,000 customers worldwide.