Dubai based online brokerage firm MultiBank Group has announced its most successful financial year to date, including record Revenue of $306.6 million in 2023.
Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase, growing from $279.5 million in 2022. This milestone reflects the Group’s effective business strategy, ongoing growth and its commitment to providing exceptional value to clients worldwide.
Additionally, MultiBank Group reported a 26% rise in net income from $180.0 million in 2022 to $226.8 million in 2023, underscoring the Group’s operational efficiency and reinforcing its position as a global leader in the financial derivatives industry.
Naser Taher, Founder and Chairman of MultiBank Group, commented:
“The unprecedented financial success we have achieved this year is a testament to our robust strategic planning and resilience, as well as our ability to anticipate and navigate the complexities of the global financial landscape. The sustained revenue growth and remarkable increase in net income underscore our relentless pursuit of innovation, operational excellence, and client-centric solutions. As we continue to expand our global footprint, we remain steadfast in our commitment to setting new benchmarks in the financial derivatives industry, ensuring that we deliver unparalleled value to our stakeholders and maintain our leadership position in this dynamic market.”
Managing an impressive daily trading volume of over $12.1 billion, MultiBank Group serves a vast and diverse clientele of more than 1 million traders across 90 countries, and is licensed by 15 financial regulators globally. The group is setting new industry standards with its user-friendly online trading platforms, leveraging state-of-the-art technology, while showcasing its commitment to providing cost-effective trading solutions and leading-edge financial products.
About MultiBank Group
Founded in California, USA, in 2005, MultiBank Group has grown to command a daily trading volume exceeding $12.1 billion, serving over 1 million customers. MultiBank Group has matured into one of the largest online financial derivatives providers globally, offering an array of brokerage services and asset management solutions. The group’s award-winning trading platforms offer up to 500:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Digital Assets.
