50 Smartest Companies of the Year 2021
The Silicon Review
MultiBank Group is a global financial derivatives broker specializing in the foreign exchange (Forex) and contracts for difference (CFD) sectors. Since its inception in 2005, it has evolved into one of the largest online financial derivatives providers worldwide, with a current paid-up capital of over US $322 million.
Q. Today, you are the World’s No.1 Forex and CFD Broker. Could you tell us about your journey so far?
The journey from California, USA to today, with 25+ offices in the significant financial hubs and emerging markets across the world, has been inspiring. To see the vision being realized is possibly the most gratifying experience. We have always been passionate about innovation, precisely why we heavily invest in the latest technology and regulations. As one of the world’s largest financial derivatives providers, we believe it is our responsibility to lead with purpose and grow collectively with our 320,000 customers from across 90 countries worldwide. “2020 was an exceptional year for us as we achieved a notional turnover of over $5 trillion.”
Q. Tell us about your expertise in Forex trade?
We have been at the frontier of foreign exchange and have witnessed its exponential growth. In an industry-first, we launched a fully transparent electronic forex and financial derivatives exchange. Currently, we provide Forex trading in over 55 currency pairs, including all the major, cross, and exotic currencies. Our cutting-edge trading platforms offer groundbreaking levels of stability and reliability. Our award-winning MT4, MT5 trading platforms recognized for excellence in technology and liquidity support our clients to subscribe and execute on the tightest pricing and liquidity coming from the top tier Banks and Prime Brokers. Our average daily turnover is reported around $7.2 billion per day.
Q. Tell us about your Trading Tools. How do they help your customers?
We firmly believe that technology must keep pace with the advancements in financial products. All our trading platforms are designed to help traders execute their trades at optimum levels. We offer free MAM, PAMM, EA, VPS, and API. Through free VPS, customers can run their trading terminals non-stop 24/7 and experience the most stable and reliable trading conditions while trading remotely from any location with convenience. Our exclusive trading platforms (ECN PRO, MULTIBANK PRO, and MAXIMUS) help investors trade over 15,000 instruments, including Forex, Metals,
Shares, Indices, Commodities, and Cryptocurrencies.
Q. How do you ensure first-class customer service?
We operate in a high-intensity environment. Every millisecond counts in our business. We manage clients from across 90 countries who work the market round the clock. To ensure smooth operations and adequate support, we have set up a robust customer service department that offers 24/6 service. Since we cater globally, our customer service department features experts who speak the local language and support clients when required. Also, our clients get dedicated relationship managers equipped with a wealth of knowledge and expertise in the world of trading. Our customer service is prompt, proactive, and precise.
Q. How does MultiBank Group stand apart from its competitors?
Here are the top eight reasons why we have achieved and retained the title of the World’s No.1 Forex and CFD broker:
Heavily Regulated Across Five Continents: Closely supervised by over 11 financial regulators worldwide across various jurisdictions, guaranteeing investor protection. Comprising companies regulated by ASIC, FSC, DFSA, CNMV, FMA, BaFin,
Paid-up Capital of Over $322 Million: Due to our accumulated paid-up capital, we are globally recognized as one of the largest online financial derivatives providers.
Guaranteed Funds Withdrawals within 24 Hours: Fund withdrawal has been made easy and accessible for the benefit of our investors.
Global Presence in Leading Financial Hubs: We serve an international demographic of clients in collaboration with affiliates from our 25 offices located within the financial centers of the world.
Up to 500:1 Leverage: We provide one of the highest levels of leverage in the market, helping traders to multiply their profits. We offer Forex, Metals, Commodities, Shares, Indices, and Cryptocurrencies. (We will soon be launching the latest technology for Spot and Leverage Crypto Exchanges).
Full ECN Model with Spreads Starting from 0.0* PIPS: We follow a pure Non-Dealing Desk ECN trading structure with direct access to over 20 interbank trading prices without any conflict of interest.
Lucrative Brokers Program: We collaborate with professionals and partners through our Introducing Brokers Program, providing them with unbeatable commission and rebate structures unheard of in the industry.
Cutting-Edge Trading Platforms: State-of-the-art trading platforms that are designed and developed to provide stability and enable real-time trading.
Q. How has the COVID-19 pandemic affected MultiBank Group? How was it working through the pandemic?
The pandemic affected several industries, but financial derivatives trading continued without hiccups. It uplifted the sector with a sudden influx of new retail traders. Populations across the globe had to adopt the work-from-home model, leaving many with extra time on their hands to explore other sources of income. Day trading was the popular choice of many fence-sitters who took the plunge into the world of trading. We did notice the ‘interest’ at the onset of the pandemic, but in time there was a dramatic increase in activity. Since the nature of our work is digitally-led, it helped us combat operational challenges without any glitches.
Q. You have achieved a lot since your inception. What does the future hold for MultiBank Group?
We are working towards a collective goal of becoming the largest online ﬁnancial derivatives company in the world. We are striving to conduct an Initial Public Oﬀering (IPO) with a value of approximately $3 billion in the upcoming years. The idea is to grow our customer base by providing full transparency on pricing and execution in the international Forex market through a Pure ECN and automated trading desk.
Q. The Visionary Leader at the Helm of MultiBank Group?
Naser Taher, the founder, is the Chairman of MultiBank Group. He has over 36 years of unparalleled experience in the ﬁnancial and commercial sectors. He has worked with many major global ﬁnancial institutions, such as BNP Paribas, Barclays, UBS, Merrill Lynch, and Credit Suisse.
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, he was honored as the CEO of the Year for the Financial Services Sector by the most prestigious Le Fonti Awards.
Among his many outstanding accomplishments, Mr. Taher was able to streamline and establish the very ﬁrst private airline company in Eastern Europe; he raised $20 billion in capital through major ﬁnancial institutions. He has been invited to lecture on the UCP practice, foreign exchange law, and exchange technologies in numerous prestigious ﬁnancial summits worldwide and has made submissions to the UK House of Lords with UCP 500 & 600 in Commercial Law.
Mr. Taher has complete oversight of the management, marketing, and growth strategy of the brand worldwide. He has earned the title of ‘An Astute Leader with a Global Vision.’