Wikilix
Licence record

MultiBank Group: SCA licence 20200000045

Issuing authority
Securities and Commodities Authority
Jurisdiction
United Arab Emirates
Licence type
Retail Forex License

This is Wikilix's record of a licence issued by Securities and Commodities Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Jul 27, 2026

Licence Verification Record

Securities and Commodities Authority 20200000045

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
MEX Group Worldwide Limited
Issuing authority
Securities and Commodities Authority
Jurisdiction
United Arab Emirates
Licence type
Retail Forex License

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/multibank-group/licenses/securities-and-commodities-authority0/20200000045Fields on file 2 / 11

Open MultiBank GroupAll MultiBank Group licencesAbout SCA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 2
Jurisdiction
United Arab Emirates
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
20200000045
Licence type (Wikilix classification)
Retail Forex License
The authority

About SCA

Securities and Commodities Authority is the authority that issued this licence, and the jurisdiction it applies in is United Arab Emirates.

Full name
Securities and Commodities Authority
Jurisdiction
United Arab Emirates
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
2000
Firms we track under it
13 firms
Licences it issues
Brokerage licence incl. CFDs
Typical cost of a licence
Not specified
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

SCA's own rules for the firms it authorises.

  • Compensation schemeDeposit Guarantee Scheme covers up to AED 100,000 per depositor
  • Complaints routeSCA complaints
  • Maximum leverage1:100
This describes the authority's regime, not how MultiBank Group applies it.
The holder

Who holds this licence

The licence above is recorded against MultiBank Group. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
MEX Group Worldwide Limited
Based in
Cyprus
Operating
10-15 years
Wikilix score
63.6the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • MEX Group Worldwide LimitedHong Kong · Reg. 1531625 · Aug 9, 2024
  • MULTIBANK FOREX EXCHANGE CORPORATIONUnited States · Reg. 3918038 · Aug 9, 2024
  • MBFX INTERNATIONAL CORPORATION LTDCyprus · Reg. HE418653 · Aug 9, 2024
  • MEX EUROPE LTDCyprus · Reg. HE424840 · Aug 20, 2021
  • MEX PACIFIC (V) LTDVanuatu · Reg. 700443 · Sep 16, 2020
  • MEX AUSTRALIA PTY LTDAustralia · Reg. 155 084 058 · Jan 10, 2012
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences MultiBank Group holds

6 other licences are on record for MultiBank Group.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
MultiBank Group provides access to various instruments including Forex, stocks, funds, options, derivatives, futures, commodities, and CFDs. The availability of these instruments depends on the regulatory license and the region of operation.
MultiBank Group offers maximum leverage up to 500:1. However, leverage limits may vary depending on the regulatory jurisdiction and the specific license under which the broker operates.
MultiBank Group supports deposits and withdrawals via bank wire transfer, credit/debit cards, e-wallets like Neteller, and cryptocurrency. Processing times vary from instant for cards and e-wallets to several days for bank transfers. Fees are generally not charged by the broker but intermediary or issuer fees may apply.
MultiBank Group offers MetaTrader 4 and MetaTrader 5 trading platforms. Both platforms support desktop versions and provide features like advanced charting and algorithmic trading. These platforms are widely used for Forex and CFD trading.
MultiBank Group is regulated by multiple authorities including ASIC in Australia, CySEC in Cyprus, and the Monetary Authority of Singapore. These regulators provide oversight, but WIKILIX notes the broker has a suspicious clone status. It operates under various licenses such as Market Making and Straight Through Processing.
Licence 20200000045 was issued by Securities and Commodities Authority (SCA), the financial authority for United Arab Emirates.
MultiBank Group holds this SCA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the SCA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates SCA tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
MultiBank Group has 6 other licences on record with Wikilix, across 5 jurisdictions. They are listed further down this page.
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