MultiBank Group believes that technology must keep pace with the advancements in financial products. The group was a pioneer in the foreign exchange industry and were able to successfully launch a fully transparent electronic Forex and financial derivatives exchange.
MultiBank Group was established in California, USA in 2005. Since its launch, it has evolved into one of the largest financial institutions in the world. With a paid-up capital of over $322 million, it has continued to invest heavily in financial technology and the latest product offerings and services.
An Astute Leader with a Global Vision
Mr. Naser Taher, the innovative mind and visionary leader behind MultiBank Group, has over 36 years of unparalleled experience in the financial and commercial sector. He has worked with many of the major global financial institutions, such as BNP Paribas, Barclays, UBS, Merrill Lynch, and Credit Suisse. As an industry expert in the fields of ecommerce, foreign exchange, electronic banking systems and capital raising, he has held several prominent positions worldwide such as the Head of the Irish Stock Exchange Development Project in China, the Vice President of the Chinese Banking and Entrepreneur Association, Senior Counsellor to the Board of Tradition Group of Companies and the Head of IFX PLC China Development Project and the Chairman of Air Via.
In 2013, Mr. Taher was honored with the title of Senior Counselor for the Chinese Government of Tianjin. In 2016, he was appointed as the Honorary Chief Financial Advisor to the Chinese Government of Tianjin. In 2019, Naser was honored as the CEO of the Year for the Financial Services Sector by the most prestigious Le Fonti Awards.
Among his many renowned accomplishments, Mr. Taher was able to streamline and establish the very first private airline company in Eastern Europe; he managed to raise $20 billion in capital through major financial institutions. He has been invited to lecture on the UCP practice, foreign exchange law, exchange technologies in numerous prestigious financial summits worldwide, and has made submissions to the UK House of Lords in relation to UCP 500 & 600 in Commercial Law.
Mr.Taher, serving as the Chairman of MultiBank Group, has complete oversight of management, marketing and growth strategy of the brand worldwide. He has earned the title of ‘An Astute Leader with a Global Vision’.
Compliance & Operations
Today, MultiBank Group boasts an annual trading volume of over US $1.9 trillion, a gross profit of $85.6 million in 2019, provides services from 21 offices in four continents, has over 280,000 clients, and facilitates over 90,000 trades per day. The group and its subsidiaries have built a strong reputation by expanding their license offering, adhering to strict financial service regulations and the highest level of client funds’ security.
MultiBank Group exhibits a strong commitment to its expanding global client base, with the opening of a new office in the Dubai International Financial Centre (DIFC).
A Coveted License
The most recent addition to the group’s financial regulations is a commercial license from the Dubai Financial Services Authority (DFSA), which is required to conduct financial services from the DIFC. The group now includes seven strictly regulated companies, ASIC in Australia, BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the BVI and CIMA in the Caymans.
With the addition of a coveted license, clients can trade with full confidence whilst enjoying complete security of funds, segregated accounts, favorable trading conditions, leverage up to 500:1, a wide range of 1,000+ products, tightest spreads in the industry, and a Pure ECN platform.
Expansion & Recognition
In 2018, the group expanded into cryptocurrency CFD’s, and were able to capture a growing market trend in digital/virtual currencies.
In addition, MultiBank Group made a strategic acquisition of Fortinbras Asset Management and renamed the business to MEX Asset Management GmbH in Germany.
In 2019, the group continued their expansion plan by establishing subsidiaries in mainland China, Mexico, Philippines, Kuwait, and Turkey. MultiBank now has offices in Sydney, California, London, Dubai, Barcelona, Beijing, Tianjin, Shanghai, Hangzhou, Shenzhen, Hong Kong, Vietnam, Cyprus, with a planned expansion in Germany, Austria, Indonesia and the Philippines.
More recently, MultiBank Group was awarded the “Best FX Service Provider Europe 2020” by International Business Magazine, “Best FX Trading Platform MENA 2020” by Finance Derivative Magazine, “Best FX Customer Service 2020” by Forex Awards, and “Best APAC Region Broker 2020” by ADVFN Financial Awards.
Furthermore, regarding MultiBank Group’s expansion into the United Arab Emirates, Mr. Taher made the following statement: “It has been another incredible year for the MultiBank family and we are excited about our future endeavors and the continued growth of the business. The group continues to deliver on its vision to provide our clients with award winning technologies and services being a fully automated exchange platform, global brokerage, and highly developed asset management solutions.”
Offerings with Integrated Features
One of the primary reasons that enabled Multibank Group to become a world class service provider is their value-added products and offerings. With award-winning MT4 platforms, cutting-edge technology, and liquidity. Spreads starting from 0 pips, negative balance protection, fully automated trading desk, no trading restrictions, up to 500:1 leverage, Pure ECN platforms, no requotes, no rejections, no price slippage, no restrictions on expert advisors & scalping, high commission & rebates for Introducing Brokers, free MAM, PAMM, VPS, API, no commission charges, access to 20+ Top Tier Banks, 90+ exchanges, and 18 ECNs, the highest level of security of funds with segregated accounts, the tightest spreads for FX, CFD’s, shares and options, regulated worldwide, full prime broker solutions that include, back offices, bridges, white labels, risk management and 24/6 multilingual customer service team.
The company envisions becoming the largest online financial derivatives company in the world. It is striving to conduct an Initial Public Offering (IPO) with a value of circa $3 billion in the upcoming years. Multibank Group aims to grow its customer base by providing full transparency on pricing and execution in the international Forex market through a Pure ECN and automated trading desk.
Multibank Group Awards
- Best FX Service Provider (Europe) 2020 Internaonal Business Magazine
- Best FX Trading Plaorm MENA 2020 Finance Derivave
- Best FX Customer Service 2020 Forex Awards Ÿ Best APAC Region Broker 2020 ADVFN Internaonal Financial Awards
- CEO of The Year (Financial Services Asia & Europe) 2019 Le Fon Awards (Internaonal Alternave Investment Review) MULTIBANK GROUP AWARDS
- Financial Services Provider of The Year (ASIA) 2019 Global Brands Magazine
- Best Forex and CFD Broker 2019 (Europe & Asia) 2019 Internaonal Investor
- ECN Broker of the Year (Europe) 2019 Internaonal Business Magazine
- Best Financial Derivaves Broker 2019 Global Banking & Finance Review
- Best Forex Broker 2019 The Forex Expo Dubai