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Draft:MultiBank Group

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  • Comment: Reviews and deal updates do not constitute notability. Further coverage is required. WP:N Pegnawl (talk) 01:47, 14 January 2026 (UTC)
  • Comment: All the references I see are the primary sources. Most of them are not independant. Please provide more independant secondary sources. Arthistorian1977 (talk) 16:35, 23 November 2025 (UTC)


MultiBank Group
TypePrivate
IndustryFinancial services
Founded2005
FounderNaser Taher
HeadquartersDubai, United Arab Emirates
Area served
Worldwide
Key people
  • Naser Taher (Founder & Chairman)
  • Zak Taher (Chief Business Officer, MultiBank Group; CEO, MultiBank.io)
ProductsForeign exchange, contracts for difference, digital asset services
SubsidiariesMultiBank FX, MultiBank.io
Websitehttps://multibankgroup.com

MultiBank Group is a private financial services company headquartered in Dubai, United Arab Emirates.[1] Founded in 2005 by Naser Taher in California, United States, the company provides retail and institutional trading in contracts for difference (CFDs), foreign exchange, and cryptocurrency.[2][3] The company later expanded into digital asset services and real-world asset tokenization.[1][4]

History

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MultiBank Group was founded in 2005 by Naser Taher in California, United States, initially operating as an online forex and derivatives broker.[2][5] The company expanded internationally over the following decade and obtained regulatory licences in multiple jurisdictions in Europe, Asia-Pacific, and the Middle East.[3][6] The group relocated its headquarters from Hong Kong to Dubai in 2022.[7][3] In 2022, the company reported audited revenue of $279.5 million, a 48 percent year-on-year increase.[8] Revenue reached $306.6 million in 2023 and $361.8 million in 2024, with reported EBITDA of $284.9 million for the latter year.[9][10][11] In the first half of 2025 the group reported revenue of $209 million, a 20 percent increase on the prior year period.[10] On 3 April 2025 the company recorded a single-day trading volume of $55.85 billion.[5][10]

MultiBank Group operates through several regulated subsidiaries across different jurisdictions.[3][9] Its primary retail brokerage entities trade under the MultiBank FX and MEX brand names.[12][13] MEX Australia Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC).[14][15] In 2021, the group launched mb.io, a cryptocurrency spot trading platform.[16] mb.io subsequently secured a Virtual Asset Service Provider (VASP) licence from the Virtual Assets Regulatory Authority (VARA) in Dubai in 2024, enabling the group to offer regulated digital asset services in the United Arab Emirates.[1][17]

In July 2025, MultiBank Group launched the MBG token through a Token Generation Event (TGE) on 22 July 2025.[10] The token was listed on exchanges including MEXC, Gate.io, and Uniswap.[18] The group subsequently announced a $440 million four-year buyback programme and conducted its first token burn of 4.86 million tokens in August 2025.[10][19] In October 2025, MultiBank Group announced a joint venture with former UFC lightweight champion Khabib Nurmagomedov.[20][21][22] In May 2026, the group's mb.io arm announced a partnership with Kings Orbis, EON3, and Mavryk to tokenize gold production from Ghana.[23][24]

Products and services

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The company offers retail and institutional trading in foreign exchange, contracts for difference (CFDs), and cryptocurrencies.[9][13] Products are accessible through the MetaTrader 4 and MetaTrader 5 platforms and the group's proprietary MultiBank Plus application.[25][26] In 2021 the group launched MEX Digital, a cryptocurrency spot trading platform operating under the mb.io brand.[27] In October 2024 MEX Digital received a Virtual Asset Service Provider (VASP) licence from the Virtual Assets Regulatory Authority (VARA) in Dubai, allowing it to operate as a virtual-asset broker-dealer and exchange.[1][13]

Regulation

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MultiBank Group reported holding licences from twelve regulatory bodies, including ASIC (Australia), CySEC (Cyprus), BaFin (Germany), CIMA (Cayman Islands), MAS (Singapore), AUSTRAC, FMA, FSC, and VFSC, among others.[3][28] MEX Europe Ltd received a CySEC broker licence in July 2023.[3][29] BaFin registration in Germany was secured through CySEC passporting.[25] In 2024, MEX Digital secured a VASP licence from the Dubai Virtual Assets Regulatory Authority, enabling regulated digital asset activities in the UAE.[1][13]

Controversies

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In 2024, the Dubai Financial Services Authority (DFSA) fined Vedas International Marketing Management approximately $100,000 for conducting unauthorised financial promotions related to MultiBank Group's services.[30][31][32] The fine was levied against the third-party marketing firm, not MultiBank Group itself.[30][31]

References

[edit]
  1. 1 2 3 4 5 "MultiBank Sets Up in UAE with MEX Digital's VARA License for Crypto Assets". Financial and Business News | Finance Magnates. 2024-10-11. Retrieved 2026-09-14.
  2. 1 2 Pupic, Tamara (2025-02-18). "How Naser Taher Transformed MultiBank Group into a Global Financial Powerhouse". Entrepreneur Middle East. Retrieved 2026-09-14.
  3. 1 2 3 4 5 6 "MultiBank Group Gets CySEC License, Eyes Going Public in 2023". Financial and Business News | Finance Magnates. 2023-07-19. Retrieved 2026-09-14.
  4. ↑ "MultiBank, MAG, Mavryk ink world's largest $3B RWA tokenization deal". Cointelegraph. Archived from the original on 2025-07-31. Retrieved 2026-09-14.
  5. 1 2 "MultiBank Group Hits $55.85B Daily Trading Volume Record". DailyForex. 2025-04-09. Retrieved 2026-09-14.
  6. ↑ "MultiBank Group Gains DFSA License, Opens Office in Dubai". Financial and Business News | Finance Magnates. 2020-10-14. Retrieved 2026-09-14.
  7. ↑ gulftoday (2022-11-24). "MultiBank relocates its headquarters to Dubai". gulftoday. Retrieved 2026-09-14.
  8. ↑ "MultiBank Group's Audited 2022 Financial Statement". Financial and Business News | Finance Magnates. 2023-10-06. Retrieved 2026-09-14.
  9. 1 2 3 "MultiBank Group's 2023 Profit Rises 26%, Revenue Hits Over $300 Million". Financial and Business News | Finance Magnates. 2024-08-22. Retrieved 2026-09-14.
  10. 1 2 3 4 5 "MultiBank Group Reports $209M H1 Revenue Amid Token Launch". Financial and Business News | Finance Magnates. 2025-08-11. Retrieved 2026-09-14.
  11. ↑ "MultiBank Group Records Exceptional Financial Results with Revenue of $361.8 Million and EBITDA of $284.9 Million in 2024".
  12. ↑ "MultiBank wins $25M legal battle against Von Der Heydt in Caribbean court - FinanceFeeds". 2025-01-14. Retrieved 2026-09-14.
  13. 1 2 3 4 "MultiBank aims to expand global footprint from UAE base". Khaleej Times. Retrieved 2026-09-14.
  14. ↑ "Mex Australia Pty ltd, AFSL ID 416279 / AFS Licensees Search". search-afsl.com. Retrieved 2026-09-14.
  15. ↑ "MultiBank Group Gains DFSA License, Opens Office in Dubai". Financial and Business News | Finance Magnates. 2020-10-14. Retrieved 2026-09-14.
  16. ↑ "MultiBank Group Expands Its Global Regulatory Footprint By Obtaining Its UAE Vara License For Virtual Assets Through Its Subidiary MultiBank.io | Myfxbook". Myfxbook.com. Retrieved 2026-09-14.
  17. ↑ "VARA License Paves Way for MultiBank and MAG's $3B Real Estate Tokenization". Financial and Business News | Finance Magnates. 2025-05-02. Retrieved 2026-09-14.
  18. ↑ "MultiBank Group's $MBG Token TGE Is Live on MexC, Gate.io, Uniswap and Multibank.io". 2025-07-22. Retrieved 2026-09-14.
  19. ↑ "MultiBank Group Completed First $MBG Buyback & Burn, Removing 4.86M Tokens After Record H1 2025 Financial Results" (Press release). Business Wire. 27 August 2025. Retrieved 9 September 2026.
  20. ↑ "MultiBank Group, Khabib Nurmagomedov Launch sports-tech venture amid global tokenisation boom". Khaleej Times. Retrieved 2026-09-14.
  21. ↑ Varghese, Justin (2025-10-27). "MultiBank launches multi-billion-dollar regulated tokenised sports venture with Khabib Nurmagomedov". Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema. Retrieved 2026-09-14.
  22. ↑ Staff, Entrepreneur Middle East (2025-10-24). "MultiBank Group and Khabib Nurmagomedov Announce Joint Venture for Tokenized Sports Platform". Entrepreneur Middle East. Retrieved 2026-09-14.
  23. ↑ "This partnership is bringing Ghanaian gold onchain for global investors". Business Insider Africa. 2026-05-28. Archived from the original on 2026-05-28. Retrieved 2026-09-14.
  24. ↑ "MultiBank Group Crypto Arm mb.io przynosi Ghana złoto na łańcuchu z Kings Orbis, EON3 i Mavryk | HackerNoon". hackernoon.com. Retrieved 2026-09-14.
  25. 1 2 Nasli, Adam (2019-09-16). "MultiBank Group Review 2026 – Pros & Cons". BrokerChooser. Retrieved 2026-09-14.
  26. ↑ Pupic, Tamara (2025-02-18). "How Naser Taher Transformed MultiBank Group into a Global Financial Powerhouse". Entrepreneur Middle East. Retrieved 2026-09-14.
  27. ↑ "MultiBank Group Expands Its Global Regulatory Footprint By Obtaining Its UAE Vara License For Virtual Assets Through Its Subidiary MultiBank.io | Myfxbook". Myfxbook.com. Retrieved 2026-09-14.
  28. ↑ "MultiBank Group Secures a European CySEC Broker License, Becoming the Most Regulated Financial Derivatives Institution Worldwide With 12 Regulators" (Press release). Business Wire. 19 July 2023. Retrieved 9 September 2026.
  29. ↑ "MEX Europe Ltd – CIF licence 430/23". Cyprus Securities and Exchange Commission. Retrieved 9 September 2026.
  30. 1 2 "The DFSA fines Vedas International Marketing Management for Unauthorised and Misleading Financial Promotions" (Press release). Dubai Financial Services Authority. 5 November 2024. Retrieved 9 September 2026.
  31. 1 2 "Dubai authority issues Dh367,000 fine to Vedas Marketing over 'deceptive promotions'". Khaleej Times. Retrieved 2026-09-14.
  32. ↑ Report, Gulf News (2024-11-05). "Dubai regulator DFSA fines Vedas Marketing for unauthorized financial promotions on Multibank Group". Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema. Retrieved 2026-09-14.
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