Is MultiBank regulated in the UAE?

Understanding MultiBank Group’s UAE Regulation

When choosing a trading broker in the Emirates, regulation is the first thing to check. The multibank group is officially licensed and regulated by the Securities and Commodities Authority (SCA), the federal body responsible for overseeing capital markets and financial intermediaries in the UAE. The group operates locally through MEX Global Financial Services LLC, which holds license number 20200000031 as a Category 1 Trading Broker for Over-the-Counter Derivatives Contracts and Foreign Exchange Spot Markets.

This regulatory recognition places MultiBank among the few brokers allowed to operate onshore in the UAE’s financial system. The license not only legitimizes its operations but also ensures that all client activities are supervised under the UAE’s strict financial framework, giving traders complete transparency and protection.

What Makes SCA Regulation Important?

The Securities and Commodities Authority is the top-tier financial regulator of the UAE’s onshore market. Unlike free-zone regulators that oversee firms within specific business districts such as DIFC or ADGM, the SCA’s jurisdiction covers the entire nation. Holding an SCA license therefore represents the highest level of compliance for a trading broker operating within the country.

For traders, this means that every aspect of the broker’s operation, from fund management to advertising, is subject to continuous supervision. The SCA’s mandate is to protect investors, maintain transparency, and promote fairness in all financial transactions. MultiBank’s adherence to these rules demonstrates a clear commitment to investor safety and corporate accountability.

Key Protections Under the SCA Framework

• Segregated Client Funds: The SCA requires all licensed brokers to separate client deposits from company funds. This ensures that traders’ capital remains untouched even if the company faces financial issues.
• Regular Audits and Compliance: MultiBank Group undergoes strict periodic reviews to ensure that all operational and financial processes comply with the law.
• Capital Adequacy: To maintain stability, the broker must hold sufficient liquid capital to meet all obligations to clients at any time.
• Dispute Resolution: In case of any conflict, traders have access to a formal SCA-regulated complaints process that provides fair and impartial resolution.

MultiBank’s Presence in Dubai

The multibank group is not a remote broker operating from abroad. They have a major regional headquarters located in Business Bay, Dubai. This office serves as the operational hub for the entire Middle East and North Africa region. Staffed by professional teams for compliance, customer support, and business development, this base reinforces the company’s long-term commitment to the UAE.

A physical office means traders can receive localized support, meet representatives face-to-face, and resolve account-related matters quickly. It also reflects genuine accountability, something online-only brokers cannot match. The Dubai office acts as the regional command center, helping the broker adapt to local financial trends, market hours, and client preferences.

Global Reputation and Multi-Regulatory Standing

While this article focuses on the UAE, it’s worth noting that MultiBank’s reputation extends worldwide. Established in 2005, the group has evolved into one of the best online trading brokers in uae and globally. It holds regulatory licenses from 11 major authorities including ASIC (Australia), BaFin (Germany), FMA (Austria), CIMA (Cayman Islands), and now MAS (Singapore). This global footprint highlights not only the group’s reach but also its unbroken record of compliance and safety.

In total, MultiBank serves over 1,000,000 clients across 100+ countries with a daily trading volume exceeding 12 billion USD. This scale demonstrates the company’s operational strength, liquidity access, and ability to provide competitive trading conditions for retail and institutional investors alike.

How MultiBank Supports UAE Traders

Beyond its regulation and licenses, MultiBank provides several features tailored to the needs of UAE-based traders:

• Arabic-language Support: Local traders can access full support in Arabic, both online and through the Dubai office.
• Sharia-compliant Accounts: The broker offers swap-free Islamic accounts that align with Islamic finance principles by eliminating overnight interest.
• Local Banking Options: Deposits and withdrawals can be processed using UAE bank transfers in AED, making transactions fast and cost-effective.
• Educational Initiatives: MultiBank frequently conducts local training, seminars, and webinars designed to support both new and experienced traders in the region.

Why MultiBank Group Stands Out

Regulatory compliance is the foundation of trust, but it’s the combination of transparency, technology, and service that keeps clients loyal. The multibank group integrates all three through a clear business model, robust infrastructure, and continuous innovation. Their platforms are known for speed, reliability, and user-friendly design, offering access to forex, metals, indices, shares, and digital assets with leverage up to 500:1.

The company also emphasizes fund security, ensuring client assets are protected by stringent segregation policies and insurance coverage underwritten by Lloyd’s of London. These measures place MultiBank among the most secure choices for traders seeking both local credibility and international scale.

Leadership: The Vision of Naser Taher

The success of MultiBank Group is closely tied to its founder and chairman, Naser Taher. Since establishing the company in 2005, he has transformed it into one of the world’s largest financial derivatives providers. His leadership has been recognized globally, earning titles such as “Best CEO of the Year 2021” and ranking among the “50 Most Influential Figures in Global Financial Markets.”

Taher’s focus on regulatory strength, client protection, and technological innovation has positioned the broker as a leader not only in the UAE but across international markets. His belief that “trust is everything” continues to guide the company’s expansion and service philosophy.

The Verdict: Fully Regulated, Locally Rooted

After reviewing its license, operational setup, and physical footprint, it’s clear that MultiBank Group is fully regulated in the UAE and actively contributes to the region’s growing trading ecosystem. The SCA license provides genuine investor protection, while the Dubai headquarters gives traders accessible, human support. Together, these pillars form a complete foundation for safe, confident, and transparent trading.

Key Takeaway

For traders in the Emirates, MultiBank Group represents a rare balance of strong regulation and genuine local presence. It’s a fully licensed financial institution committed to the region’s standards, culture, and long-term trust.

FAQs

Is MultiBank a regulated broker?

Yes. MultiBank Group is regulated by more than 11 global authorities, including the UAE’s Securities and Commodities Authority (SCA) through MEX Global Financial Services LLC. Its SCA license number is 20200000031, confirming its legal authority to operate in the Emirates.

Who is the owner of MultiBank?

The founder and current chairman of MultiBank Group is Naser Taher. He established the company in 2005 and continues to lead its international expansion. His leadership has earned multiple awards and recognition from global financial publications.

How Naser Taher Transformed MultiBank Group into a Global Brand?

Under Naser Taher’s vision, MultiBank evolved from a small trading firm into a global financial derivatives provider with over one million clients and offices in 25+ locations. His strategy focused on strong regulation, cutting-edge platforms, and unmatched client protection, positioning the firm among the world’s most respected brokers.

Is MultiBank a good broker?

Based on its multi-jurisdictional regulation, local presence, and commitment to transparent trading conditions, MultiBank Group is widely considered a trusted and professional broker. It combines international credibility with UAE-specific benefits such as Arabic support and local banking, making it a strong choice for regional traders.

Disclaimer: Trading CFDs and forex involves high risk of loss. Always conduct your own research and ensure you understand the risks involved before trading.