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A derivatives and brokerage group

MultiBank Group is a financial derivatives and brokerage group established in 2005, stating regulation by more than 17 financial regulators across five continents. Its UAE subsidiary MEX Digital FZE holds a VARA VASP licence for exchange and broker-dealer activity under the MultiBank.io brand.

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What MultiBank Group typically asks for

Prepare the application file

01Corporate documents6 items
  • ✓ Trade licence (issued and active)
  • ✓ Memorandum & Articles of Association (MOA / AOA)
  • ✓ Certificate of Incorporation & share certificates
  • ✓ Registered office lease (Ejari / free-zone lease)
  • ✓ Board resolution to open the account
  • ✓ Establishment card / immigration card
02Shareholder & signatory KYC6 items
  • ✓ Passport + UAE visa page for every UBO ≥ 25%
  • ✓ Emirates ID (both sides) for resident signatories
  • ✓ Proof of address (utility, tenancy or bank statement, ≤ 3 months)
  • ✓ CV / bio for each UBO and signatory
  • ✓ Source-of-wealth & source-of-funds statement
  • ✓ Ownership & control chart if a corporate shareholder exists
03Business file5 items
  • ✓ One-page business brief: activity, geographies, counterparties
  • ✓ 12-month cash-flow forecast (incoming / outgoing volumes)
  • ✓ Sample invoices, contracts or LOIs (if trading)
  • ✓ 6-month bank statements for the parent or personal accounts
  • ✓ Website or short deck (helps for services / tech)
A founder and an adviser reviewing a document in a glass-walled office

What MultiBank Group is good for

  1. Custody & digital assets

    Multi-regulator footprint

    Group states 17+ regulators across five continents, including ASIC, BaFin, CySEC, MAS and VARA.

    VARA-licensed UAE arm

    MEX Digital FZE holds a VARA VASP licence as broker-dealer and exchange.

    Institutional prime brokerage

    Settlement, credit provision and margin support for institutional clients.

    Tokenised real assets

    RWA Marketplace offers real estate tokens from a stated $3bn portfolio.

    Single-account multi-asset

    FX, metals, stocks and crypto traded from one account.

    API and FIX access

    Third-party trading supported through FIX API integration.

Account thresholds and practical considerations

Minimum balance

Trading accounts (FX, metals, stocks, crypto)
Not publishedNo minimum deposit published on the pages fetched.
MultiBank.io crypto exchange
Not published
Crypto derivatives (leverage up to 100x)
Not published

  • Currencies

    Not published

    No fiat currency list published; tradable instruments include FX, metals, stocks and crypto.

  • Debit & corporate cards

    Issued after account is funded.

    Corporate card limits scale with balance and turnover.

  • Trade finance

    No — MultiBank Group is a brokerage and trading group, and no trade finance products are published.

Who usually opens here

Stronger fit
  • Sample fileProfessional trading counterparty
  • ShareholdersFund, corporate or professional individual account holder
  • OfficeLicensed or professional trading entity, UAE or international
  • Trade laneFX, metals, equities and crypto trading flows
  • Expected turnoverTrading volumes rather than commercial turnover
  • Evidence readyEntity documents, UBO disclosure, source of funds, suitability information
May need more context
  • Product needsUAE companies needing a corporate current account and IBAN for operations
  • Product needsBusinesses requiring payroll, cheques or cash handling
  • Product needsSMEs seeking trade finance or working capital facilities
  • Compliance fitClients who need deposit-taking bank protections
  • Licensed activityApplicants expecting a CBUAE-licensed bank relationship

Choose the bank that matches your file

Choose if

  • A corporate, institutional, fintech or wealth client rather than a mass-market SME
  • A tech-forward financial platform or a regional or multinational corporate
  • You want an all-digital bank licensed by the Central Bank of the UAE with VARA-regulated custody

Choose if

  • An institutional client, financial institution or corporation
  • A trader, startup or scale-up needing AMINA's stated ADGM activities
  • A FINMA-regulated Swiss bank operating in Abu Dhabi under an ADGM permission

Choose if

  • A non-resident personal or corporate client under the Dominica charter
  • Most company types accepted, as EQIBank states
  • Innovation and digital sectors — the stated specialisation

Why MultiBank Group applications stall

Not a licensed bank

The group is a brokerage and virtual asset business, not a deposit-taking UAE bank.

Derivatives excluded in UAE

The VARA licence excludes virtual asset derivatives at this stage.

Entity and jurisdiction fit

Services differ by regulated entity, so client location determines scope.

Operating account expectation

Clients seeking an operating business account will not find one here.

Suitability and appropriateness

Leveraged products require professional or suitability assessment.

Source of funds diligence

Crypto and RWA flows require documented provenance.

Check banking fit before you apply

Your licence route, activity, and profile affect which banks are realistic. Tell us the setup and we’ll tell you whether this bank is a fit, what the pack needs, and what to fix before submission.

  • A dedicated specialist reviews your case.
  • Fixed scope in writing before any work begins.
  • Avg reply 3 minutes on WhatsApp, 24 × 7.

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What clients say

Frequently asked

Is MultiBank Group suitable for every UAE business?
No bank is right for every application. MultiBank Group may suit some companies, but practical fit depends on the business activity, ownership, source of funds, expected transaction profile, required currencies and services, documents, and the bank’s current onboarding appetite.
Can Sonsoto guarantee a MultiBank Group business account?
No. MultiBank Group makes its own final decision after its KYC, compliance, and risk review. We can help prepare a clear application, coordinate the supporting documents, and assess sensible banking options, but approval remains entirely bank-led.
What documents may MultiBank Group request?
The requirements vary by company and applicant profile. They may include company documents, shareholder and director identification, ownership records, a clear business explanation, expected transaction details, source-of-funds evidence, and commercial support such as contracts, invoices, or a website where relevant.
Do all shareholders need to attend a bank application?
Not always. Attendance requirements depend on the bank’s onboarding policy, applicant profile, ownership structure, signatory arrangements, and account type. Some cases require in-person verification or original-document review. We confirm the practical requirement before submission.
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