Abstract：The forex broker MultiBank Group has announced the granting of a license to its latest subsidiary, MEX Europe Ltd, by the Cyprus Securities and Exchange Commission (CySEC).
The forex broker MultiBank Group has announced the granting of a license to its latest subsidiary, MEX Europe Ltd, by the Cyprus Securities and Exchange Commission (CySEC). This regulatory approval allows MEX Europe to offer its comprehensive range of services to clients while adhering to all applicable laws in European markets. The achievement underscores MultiBank Group's unwavering commitment to upholding the highest standards of regulation and fund security.
MultiBank Group on WikiFX
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Naser Taher, Chairman of MultiBank Group, expressed immense pride in obtaining the CySEC license, which reflects their dedication to continuously developing a world-leading ecosystem of regulated financial products and services. With a sterling track record spanning over two decades, MultiBank Group has earned a reputation for providing unparalleled fund security, top-notch financial services, award-winning technology, and innovative products. As a result, the company has garnered a loyal customer base of over 1,000,000 users, making it the world's most widely used financial derivatives broker.
The introduction of MEX Europe coincides with MultiBank Group's anticipation of going public in 2023, accompanied by a series of groundbreaking projects. These projects include an inter-bank ECN trading platform for financial institutions and banks, a regulated digital assets exchange in Australia, an enhanced social trading application, and a global digital payments processor. The overarching goal is to create the world's first cross-asset ecosystem that bridges the gap between traditional finance and emerging forms of finance.
Aside from the CySEC license, MultiBank Group has also obtained licenses from the SCA of the UAE and MAS of Singapore in October of the previous year. MEX Europe now joins the ranks of other esteemed financial institutions within the MultiBank Group, all regulated by prestigious authorities such as ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, and VFSC. With a total of 12 regulators, MultiBank Group ensures a fully regulated and secure trading environment for clients around the globe. The company has maintained an impeccable regulatory record, with over 25 branches worldwide, since its establishment.
About MultiBank Group
Founded in the USA in 2005, MultiBank Group has grown into one of the largest online financial derivatives providers globally. Boasting an impressive daily trading volume exceeding US $12.1 billion, the group offers award-winning trading platforms and leverages up to 500:1 on a diverse range of products, including Forex, metals, shares, commodities, indices, and digital assets.
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