MultiBank Group introduced UAE Contracts for Difference (CFD) on its app and MT5 platform to enable investors to trade Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) shares. According to the company, this move aims to enhance global access to the UAE’s expanding financial markets, promising a better integration for traders across all account types.

Enhancing UAE Stock Trading

MultiBank Group’s latest initiative allows investors to diversify their portfolios by including UAE-listed stocks. The platform supports all account types, Standard, Pro, and ECN, making trading accessible to a broad range of market participants.

“The launch of UAE CFD shares is a significant milestone in our journey to redefine financial services. By offering access to the Dubai Financial Market and Abu Dhabi Securities Exchange, we are creating new investment avenues while reinforcing our commitment to progress and excellence,” Naser Taher, Founder and Chairman of MultiBank Group, said.

The addition of UAE CFD shares is a boost to MultiBank Group’s offering, which already includes forex, commodities, indices, and cryptocurrencies. Now, traders can reportedly manage all these assets within a single account, eliminating the need for multiple platforms.

The UAE’s financial markets have seen significant growth, with DFM and ADX adding AED 257 billion in value by the end of 2024. Investor demand for UAE stocks has surged, positioning the region as a key financial hub.

MultiBank Group’s competitive commission rates and absence of minimum fees make UAE CFD trading more accessible. Lower trading costs allow both retail and institutional investors to capitalize on opportunities in the region without high barriers to entry.

Expanding Global Reach

The launch of UAE CFD trading follows a series of key milestones for MultiBank Group. Recently, the firm introduced the MultiBank-Plus trading platform and the MultiBank.io Crypto Exchange App.

Additionally, it established the MEX Exchange, the first interbank trading and settlement ecosystem designed to enhance financial infrastructure in emerging markets.

MultiBank Group reportedly facilitates daily trading volumes exceeding more than $25 billion globally. Last year, the group launched its subsidiary, MEX Digital FZE, in the UAE. MEX Digital obtained a license from the Virtual Assets Regulatory Authority (VARA) in Dubai to operate under the MultiBank.io brand.

Source: Finance Magnates