FNG Unique… FNG has discovered that main Retail FX and CFDs dealer MultiBank Group has continued its worldwide enlargement, receiving a CySEC CIF license for subsidiary MEX Europe Ltd. The license was formally granted on Might 22, 2023.
MEX Europe Ltd will function the mexeurope.com web site for the model, specializing in purchasers within the EU.
The corporate can be establishing an workplace in Limassol, Cyprus to help the operation.
Naser Taher, Chairman of MultiBank Group stated:
“We’re immensely pleased with acquiring the CySEC license, reflecting our dedication to constantly growing the world’s main regulated monetary services ecosystem. MultiBank Group has been working within the monetary trade with an unblemished monitor file for over 20 years, and as such, it has constructed a status for offering the best degree of funds safety, first-class monetary providers, award-winning know-how and merchandise which have made MultiBank the world’s most generally used monetary derivatives dealer with a loyal buyer base of over 1,000,000 customers.”
The corporate stated that the revealing of MEX Europe comes when MultiBank Group is anticipating to go public in 2023 with a number of ground-breaking initiatives together with an inter-bank ECN buying and selling platform for monetary establishments and banks, a digital property alternate regulated in Australia, an enhanced social buying and selling utility and a worldwide digital funds processor, aiming to create the world’s first cross-asset ecosystem to bridge the hole between conventional and different rising types of finance.
Along with the CySEC license, MultiBank Group introduced final October it had obtained licenses from SCA of the UAE and MAS of Singapore. MEX Europe joins the ranks of different monetary establishments inside the MultiBank Group which might be regulated by regulatory authorities, together with ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, and VFSC. With 12 regulators, MultiBank Group ensures a totally regulated and safe buying and selling atmosphere for purchasers worldwide. From its institution to at the present time, MultiBank Group maintains an impeccable regulatory file with over 25 branches worldwide.
Final yr MultiBank relocated its world headquarters to Dubai from Hong Kong, as a part of an initiative to increase globally. MultiBank Group is comprised of a number of entities which might be closely regulated throughout 5 continents by 11+ monetary regulators, together with in Australia, Germany, Austria, Cyprus, Cayman Islands, UAE, BVI, Singapore, and Vanuatu.