MultiBank Eyes Middle East Expansion With Abu Dhabi Office
MultiBank has announced plans to open an office in the United Arab Emirates’ capital of Abu Dhabi. The move should allow it to provide localized support for traders in the region.
This follows a pattern of established forex and CFD brokers opening offices in the UAE, including XTB, Interactive Brokers, and CMC Markets.
Key Takeaways
- MultiBank’s new Abu Dhabi office should enable faster client onboarding, smoother relationship management, and local support.
- Earlier this year, MultiBank added stock CFDs from the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX).
- The year before, MultiBank rolled out a new platform and app that we tested, and that impressed with its TradingView charting tools.
The UAE Remains A Growth Area For Brokers
It’s unsurprising to see MultiBank follow in the footsteps of other brokerages that have cottoned on to the potential new clients in the Middle East and North Africa (MENA).
An article from ContentWorks noted: “The United Arab Emirates (UAE) is not new to forex but it is having a surge currently and is emerging as a significant hub for trading.”
Stats from their report show UAE traders made up $468.9 billion in trading volume at Capital.com in 2024, accounting for a chunky 25%+ of the platform’s global activity.
About MultiBank
MultiBank is a long-standing broker, launched in 2005. It’s widely regulated, including by the Monetary Authority of Singapore (MAS), the Cyprus Securities & Exchange Commission (CySEC), and the Australian Securities & Investments Commission (ASIC).
It facilitates trading in a growing selection of over 1000 financial instruments, from currencies to CFDs on stocks, indices, metals, commodities, and crypto.
Alongside popular third-party platforms like MetaTrader 5 (MT5), active traders can use the broker’s user-friendly MultiBank-Plus.
New traders can get started with a $50 minimum deposit.
