MultiBank Group vs Exness: Which Broker Is Better?

MultiBank Group operates through a network of entities that includes MEX Australia Pty Ltd, authorised by ASIC under licence number 416279; MEX Asset Management GmbH, supervised by BaFin under number 119375; and MEX Europe Ltd, regulated by CySEC under licence number 430/23. The group also has an entity supervised by the SCA in the UAE and an international entity in Belize serving different markets.

The group’s multiple entities provide broad regulatory coverage, but they do not mean that every client receives the same protection available under ASIC, BaFin or CySEC. The actual entity may affect leverage, products, complaint procedures and investor protection, so traders should also verify the permitted scope of each legal company.

When researching MultiBank Group licences, traders should look beyond the number of licences and identify the entity shown in the client agreement. This is especially important for Arabic-speaking traders who may be directed to the UAE or international entity and need to balance global availability with the oversight applied to their account.

MultiBank Group entities apply client-money protection rules according to the regulator responsible for each legal company. These arrangements include separating eligible client funds from the group’s operating capital and business expenses, helping prevent client money from being used to finance the broker’s daily operations.

Fund custody rules, negative balance protection and investor compensation arrangements are not uniform across the ASIC, BaFin, CySEC, SCA and international Belize entities. Traders should verify the specific MEX or MultiBank company named in their client agreement instead of relying on the total number of licences held across the wider group.

Exness operates through legal entities regulated by several authorities, including Exness (UK) Ltd, authorised by the UK FCA under licence number 730729, and Exness (Cy) Ltd, regulated by CySEC under licence number 178/12. The group also includes entities registered with the FSCA in South Africa and the Jordan Securities Commission, giving Exness a regulatory presence that combines international and regional oversight.

The existence of several Exness licences does not mean that every client opens an account under the same regulator. The entity assigned to the client depends on the country of residence and the registration website, while leverage, complaint procedures and legal protection may differ between the UK, Cyprus and other entities.

When assessing Exness safety, traders should verify the legal company name in the client agreement and match it with the official licence number, especially before depositing significant funds. The Jordanian entity may be relevant to regional traders, but the actual level of protection remains linked to the entity under which the account is opened.

Exness client fund protection depends on the legal entity through which the trading account is opened. Regulated entities separate eligible client funds from company operating funds according to their applicable rules. Exness also applies identity verification and anti-money-laundering controls and provides negative balance protection, which may reset an account balance to zero after market movements create a negative balance.

Negative balance protection limits liability arising from a negative account balance, but it does not prevent normal trading losses. Legal rights, complaint procedures and regulatory protections may differ between the FCA, CySEC, FSCA and JSC entities. Traders should confirm the company responsible for their account before depositing.