Multi Bank’s New Venture MEX Orient Aims to Enter 14 Countries in 3 Years

Funding for expansion into new markets should notbe an issue, as the company’s net income in 2023 (according to an August 2024report) reached nearly $227 million, with revenue totaling $307 million. MultiBankGroup intends to seek clients in underdeveloped markets typically overlooked byFX/CFD brokers in the coming years. In the years to come, we’re concentrating on expanding our digital finance offerings, especially in cryptocurrencies and copy trading, while enhancing our tech capabilities. I’m committed to regulatory compliance, innovation and always prioritising our clients’ needs — values that have guided us through challenges and fueled our success. Our new AI division, MultiBank-AI, focuses on integrating AI into our internal processes and client services to boost efficiency and enhance the customer experience. Looking ahead, we plan to sustain and surpass our performance by continuously innovating our product offerings, particularly in the areas of digital assets and copy trading.

MultiBank.io Secures VASP License

• MultiBank Group operates in traditional finance with netassets of over US$583 million.
• We take pride in signing an agreement with Al Ansari Exchange through our subsidiary, MEX Global, enabling clients in the UAE to conveniently deposit and withdraw funds through Al Ansari Exchange’s extensive branch network.
• This year has been a year of big achievements for us, driven by a focus on compliance, innovation, and putting our clients first.

This license was granted to its local subsidiary, MEXEurope, following the company’s rebranding from IKON MultiBank Group in 2016.Additionally, MultiBank relocated its headquarters from Hong Kong to Dubai inlate 2022 to strengthen its business position in the UAE.

This year has been a year of big achievements for us, driven by a focus on compliance, innovation, and putting our clients first. We take pride in signing an agreement with Al Ansari Exchange through our subsidiary, MEX Global, enabling clients in the UAE to conveniently deposit and withdraw funds through Al Ansari Exchange’s extensive branch network. This reiterates our commitment to providing cutting-edge financial solutions that empower our clients and facilitate their banking needs in a secure and efficient manner.

The previous year was our most successful financial year to date, with an impressive revenue of $306,636,717, confirming our dedication to setting new industry standards. FinanceMagnates contactedthe manager of the new venture and learned that MEX Orient operates from anoffice in Dubai and plans to open additional branches in other countries soon. We are committed to staying ahead of market trends, leveraging sophisticated technology, and making sure that our clients always have access to the best solutions and support.

open trading account

“Our vision at MultiBank Group is to create an ecosystem tofacilitate integration between the financial derivatives markets and the cryptomarkets,” said Naser Taher, the Chairman of MultiBank Group. MEX Orientintends to focus primarily on Central Asian, Middle Eastern, and North Africancountries, targeting nations usually classified as developing or emergingeconomies. Most of these, as mentioned earlier, are not typically among themain markets where brokers usually focus.However, the total market potential isenormous. The fourteen countries Saki mentioned, where MEX Orient potentiallywants to focus, have a combined population of 400 million people, and includingIndia, 1.8 billion.

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Making a global impact means embracing new technologies, fostering a culture of excellence, and surrounding yourself with talented people. We see the industry moving towards more digital integration, especially in fintech, and we’re https://lunarcapital.space/ committed to growing our digital asset offerings, upgrading our tech infrastructure, and maintaining top-tier compliance and customer service to stay competitive. The financial markets are rapidly evolving, with digitalisation and regulation reshaping the landscape.

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Blockchain adds security and transparency, and we’re pioneering ways for clients to trade cryptocurrencies versus traditional assets combined with a state-of-the-art social copy trading platform, creating new opportunities in finance. By staying at the forefront of technological advancements, we ensure that our clients get the most advanced and secure trading platforms available resulting in the ultimate financial ecosystem. Serving over a million customers worldwide with more than 20,000 products means we need to ensure consistent quality and compliance; our in-house legal team closely monitors regulatory updates to keep our services compliant. We combine innovative technology with a “client-first” approach, delivering secure and user-friendly trading platforms, backed by 24/7 customer support to give our clients top-notch service wherever they are. Dubai’s strategic location, forward-thinking policies, business-friendly environment, and most importantly the vision of its wise leadership, make it an ideal choice for our headquarters.

• In July last year, MultiBankobtained a license from the Cyprus Securities and Exchange Commission toexpand its derivatives brokerage services in Europe, as reported by Finance Magnates.
• Taher explains how the group navigates regulatory challenges, leverages emerging technologies like artificial intelligence and blockchain, and aligns its growth with Dubai’s financial vision as it expands its presence in the UAE.
• We combine innovative technology with a “client-first” approach, delivering secure and user-friendly trading platforms, backed by 24/7 customer support to give our clients top-notch service wherever they are.
• Dubai is attracting key global financial and tech players in the industry, therefore by moving to Dubai, we’re positioned to contribute to this vision and drive our innovation efforts, aligning with the UAE’s mission to stay at the forefront of global finance.

Taher explains how the group navigates regulatory challenges, leverages emerging technologies like artificial intelligence and blockchain, and aligns its growth with Dubai’s financial vision as it expands its presence in the UAE. In July last year, MultiBankobtained a license from the Cyprus Securities and Exchange Commission toexpand its derivatives brokerage services in Europe, as reported by Finance Magnates. This commitment to compliance strengthens our reputation as a trusted financial provider, allowing us to build long-term relationships based on transparency and trust.

The UAE’s ‘We the Emirates 2031’ vision aims to make the country a global financial hub, especially in cutting-edge areas like AI, blockchain, digital finance, electronic communication networks and robotic trading, among others. Relocating to Dubai has brought us closer to global markets, given us a strong regulatory environment, and placed us within a thriving financial ecosystem. The UAE’s commitment to fintech, digital assets, and sustainable finance aligns perfectly with our goals. Established in 2005, MultiBank Group is a leading financial derivatives provider with over one million clients in more than 100 countries and a daily trading volume exceeding $18.1bn. In this interview, we chat with Naser Taher, founder and chairman of MultiBank Group about the firm’s global reach and strategic vision. MultiBank Group operates in traditional finance with netassets of over US$583 million.

The group is well-prepared to tackle these changes with a robust compliance framework, innovative products, and dedicated customer service. Dubai is attracting key global financial and tech players in the industry, therefore by moving to Dubai, we’re positioned to contribute to this vision and drive our innovation efforts, aligning with the UAE’s mission to stay at the forefront of global finance. MultiBank Group, a Dubai-based global financialinstitution, launched its subsidiary, MEX Digital FZE, in the UAE last October.MEX Digital has obtained a license from Dubai’s Virtual Assets RegulatoryAuthority (VARA) and operates under the MultiBank.io brand.

🎓 “We will reward brokers who make education practical and on time — not just pretty.”

My leadership style is grounded in integrity, innovation, and a strong focus on the customer. Over the years, I’ve learned that adaptability is essential in navigating the fast-paced financial world. MultiBank Group, a global financial institution based inDubai, has announced the launch of its subsidiary, MEX Digital FZE, in the UAE.MEX Digital has secured a license from the Virtual Assets Regulatory Authority(VARA) in Dubai to operate under the MultiBank.io brand.

The firm serves more than one million tradersacross 90 countries and reports daily trading volumes of over US$15.6 billion. Foundedin 2005, it operates under 15 regulatory licenses globally, across fivecontinents. The license allowsthe company to offer services as a broker-dealer and exchange for virtualassets, excluding derivatives at this stage. For those aiming to make an impact in finance, I advise prioritising integrity, innovation, and customer value. This industry demands adaptability, an understanding of global markets, and a strong commitment to compliance.