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MultiBank Group in United Arab Emirates — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%80
- Round-turn cost20%50
- Safety20%100
- Payouts15%60
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Who actually onboards you
- Entity that onboards United Arab Emirates residents
- MEX Global Financial Services L.L.C
- Local standing
- Locally regulated onshore by SCA; group HQ in Dubai. No local alert.
- Licence as the register states it
- UAE SCA Retail Forex Licence 20200000045; VARA licence (Dubai) for virtual assets via MultiBank.io.
- Leverage for this entity
- Up to 1:500 (offshore-tier); SCA-tier lower for some products.
- The firm behind it
- Founded 2005 (California roots), Dubai-HQ; 2M+ clients, 100+ countries; paid-up capital $322M+.
- What we hold against it
- Home market; SCA + VARA licensed. Note: multiple EU alerts elsewhere (CNMV/AMF).
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards UAE residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youLocally regulated onshore by SCA; group HQ in Dubai. No local alert.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against the UAE market median(priced from 60 of 75)
Medians run over the 60 of 75 brokers that publish a price for United Arab Emirates, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard (min $50), Pro ($1, 000), ECN ($10, 000). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where MultiBank Group sits in the UAE base(75 brokers)
Round-turn cost, USD (60 of 75 priced)
Median 7 USD · range 2-35 · this broker 15 USD · 15 of 75 brokers do not publish it
Minimum deposit, USD (33 of 75 priced)
Median 50 USD · range 0-10000 · this broker 50 USD · 42 of 75 brokers do not publish it
Retail leverage (53 of 75 with a UAE figure)
Median 1:500 · range 1-5000 · this broker 1:500 · 22 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Bank wire, cards, Skrill, Neteller, crypto (BTC/USDT).
- Bank wire
- Cards
- Skrill
- Neteller
- Crypto
- Account currency
- USD default; others via customer service (AED not verified at review).
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(7 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- MultiBank Plus
Identical for every row: Min spread 1.5 · Leverage 500 UAE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | — |
Share of reviewers in the UAE: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence 20200000045, read on 09.07.2026
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, MultiBank Plus
- Round turn 15 USD on the standard basis, over the United Arab Emirates median 7
- Withdrawal in 48 h, over the United Arab Emirates median 24
- The published 1:500 comes from the group's offshore entity, not from the United Arab Emirates one
- Round-turn cost 50 of 100, its weakest of 6 scored axes
Alternatives in the UAE(6 of 75 scored in United Arab Emirates)
- Round turn, USD
- 16UAE
- Min deposit, USD
- 1000UAE
- Leverage
- 100UAE
- Rank in this country
- #12
- Round turn, USD
- 6UAE
- Min deposit, USD
- 50UAE
- Leverage
- 1000 group
- Rank in this country
- #16
- Round turn, USD
- 9UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 400 group
- Rank in this country
- #4
- Round turn, USD
- 7UAE
- Min deposit, USD
- 10 groupUAE
- Leverage
- 200UAE
- Rank in this country
- #2
- Round turn, USD
- 7UAE
- Min deposit, USD
- 0 groupUAE
- Leverage
- 500 group
- Rank in this country
- #21
- Round turn, USD
- 4UAE
- Min deposit, USD
- 50 groupUAE
- Leverage
- 1000UAE
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a UAE score. Full methodology
| Axis | Weight | What is measured | MultiBank Group |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 50 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does MultiBank Group accept residents of United Arab Emirates?
- Yes. Locally regulated onshore by SCA; group HQ in Dubai. No local alert. Onboarding entity: MEX Global Financial Services L.L.C
- Is MultiBank Group licensed to serve clients in United Arab Emirates?
- UAE SCA Retail Forex Licence 20200000045; VARA licence (Dubai) for virtual assets via MultiBank.io. Checked on 09.07.2026.
- How much does one round turn cost at MultiBank Group?
- About 15.0 USD per standard lot on EUR/USD. The median across brokers measured for United Arab Emirates is 7.0 USD.
- What leverage does MultiBank Group offer to retail clients in United Arab Emirates?
- Up to 1:500. Up to 1:500 (offshore-tier); SCA-tier lower for some products.
- Which trading platforms does MultiBank Group support?
- MT4, MT5, MultiBank Plus. Instruments: FX, metals, indices, shares, commodities, crypto CFDs.
- How can I withdraw money from MultiBank Group in United Arab Emirates?
- Bank wire, cards, Skrill, Neteller, crypto (BTC/USDT).
- What account types does MultiBank Group offer?
- Standard (min $50), Pro ($1,000), ECN ($10,000).
- Does MultiBank Group offer a swap-free (Islamic) account?
- Yes. MultiBank Group offers a swap-free (Islamic) account to United Arab Emirates residents.
Taxes for a UAE resident(1 rule)
- 0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026);https://sca.gov.ae
Not tax advice. Check with the Federal Tax Authority.