The UAE Securities and Commodities Authority has warned investors that MEX Atlantic Corporation is not licensed to conduct activities regulated by the authority. Khaleej Times reported the notice as part of a wider SCA advisory urging investors to check firms against the regulator's licensed-company register before sending money.
MEX Atlantic Corporation is a real entity within MultiBank Group and holds a Cayman Islands Monetary Authority derivatives licence, number 1811316. The UAE warning concerns authorisation in the UAE; it does not state that the Cayman licence is invalid.
A Different Group Entity Holds the UAE Licence
The wider group has a UAE presence through MEX Global Financial Services LLC, described as its Dubai-licensed entity. That distinction matters because a group-level brand does not make every affiliated legal entity authorised in every jurisdiction.
Why the Account-Holding Entity Matters
Large broker groups commonly use separate legal entities across jurisdictions. Before depositing, a UAE trader should confirm the precise company named in the client agreement, the regulator supervising that entity and the protections attached to the account.
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One brand can conceal an important legal boundary
MultiBank Group holds genuine licences, but the SCA drew a specific line between the entity it warned about and the separately licensed UAE affiliate. The legal name holding client funds is not a technical detail; it determines which regulator and protections apply.
About the Company
About MEX Atlantic Corporation
MEX Atlantic Corporation is a Cayman Islands-licensed derivatives entity within MultiBank Group. The group's separately named UAE entity is MEX Global Financial Services LLC.
Frequently Asked Questions
Is MEX Atlantic Corporation regulated?
It holds a CIMA licence in the Cayman Islands. The UAE SCA separately says it is not licensed for SCA-regulated activity in the UAE.
Does MultiBank Group have a UAE licence?
A different group company, MEX Global Financial Services LLC, is identified as the Dubai-licensed entity.
Where is its directory profile?
See the MEX Atlantic profile.
Entity-level licensing can change. Verify the contracting company in the regulator's live register. Last updated: 2 September 2026.