DUBAI, United Arab Emirates--(BUSINESS WIRE)--May 19, 2025--
MultiBank Group, one of the world’s largest financial derivatives institutions headquartered in Dubai, has been awarded the prestigious title of ‘Best Global ECN Broker’ during the Forex Traders Summit 2025, held from May 14–15 at the Festival Arena in Dubai.
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The summit is a premier gathering of financial institutions, fintech innovators, and industry professionals, showcasing advancements and innovation in trading and online brokerage services. This recognition underscores MultiBank Group’s track record in providing premium ECN solutions, with ultra-low latency, broad market access, and seamless connectivity for clients everywhere.
Naser Taher, Founder and Chairman of MultiBankGroup, said:“We are honored to receive the ‘Best Global ECN Broker’ award at the Forex Traders Summit 2025. This accolade is a testament to our unwavering commitment to technological excellence, transparency, and reliability. We remain committed to setting the benchmark for ECN services that deliver competitive pricing, swift order processing, and strong investor safeguards.”
This award marks yet another milestone in MultiBank Group’s journey, adding to its portfolio of over 80 international accolades and reinforcing its leadership position in global financial markets.
ABOUT MULTIBANK GROUP
MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, visit MultiBank Group’s website.
MultiBank Group’s ECN model connects users directly with tier-one liquidity providers, eliminating conflicts of interest and ensuring real-time execution without dealing-desk intervention. The Group continues to invest in infrastructure, widen its regulatory reach, and roll out fresh innovations to serve both retail and institutional stakeholders.
CRANS-MONTANA, Switzerland (AP) — Dozens of people are presumed dead and about 100 injured, most of them seriously, following a fire at a Swiss Alps bar during a New Year’s celebration, police said Thursday.
“Several tens of people” were killed at the bar, Le Constellation, Valais Canton police commander Frédéric Gisler said.
Work is underway to identify the victims and inform their families but “that will take time and for the time being it is premature to give you a more precise figure," Gisler said.
Beatrice Pilloud, attorney general of the Valais Canton, said it was too early to determine the cause of the fire. Experts have not yet been able to go inside the wreckage.
“At no moment is there a question of any kind of attack,” Pilloud said.
Officials called the blaze an “embrasement généralisé,” a firefighting term describing how a blaze can trigger the release of combustible gases that can then ignite violently and cause what English-speaking firefighters would call a flashover or a backdraft.
“This evening should have been a moment of celebration and coming together, but it turned into a nightmare,” said Mathias Rénard, head of the regional government.
The injured were so numerous that the intensive care unit and operating theater at the regional hospital quickly hit full capacity, Rénard said.
Helicopters and ambulances rushed to the scene to assist victims, including some from different countries, officials said.
“We are devastated,” Frédéric Gisler, commander of the Valais Cantonal police, said during a news conference.
The injured were so numerous that the intensive care unit and operating theater at the regional hospital quickly hit full capacity, according to regional councilor Mathias Rénard.
The municipality had banned New Year’s Eve fireworks due to lack of rainfall in the past month, according to its website.
In a region busy with tourists skiing on the slopes, the authorities have called on the local population to show caution in the coming days to avoid any accidents that could require medical resources that are already overwhelmed.
The community is in the heart of the Swiss Alps, just 40 kilometers (25 miles) north of the Matterhorn, one of the most famous Alpine peaks, and 130 kilometers (81 miles) south of Zurich.
The highest point of Crans-Montana, with a population of 10,000 residents, sits at an elevation of nearly 3,000 meters (1.86 miles), according to the municipality’s website, which says officials are seeking to move away from a tourist culture and attract high-tech research and development.
The municipality was formed only nine years ago, on Jan. 1, 2017, when multiple towns merged. It extends over 590 hectares (2.3 square miles) from the Rhône Valley to the Plaine Morte glacier.
Crans-Montana is one of the top race venues on the World Cup circuit in Alpine skiing and will host the next world championships over two weeks in February 2027.
In four weeks’ time, the resort will host the best men’s and women’s downhill racers for their last events before going to the Milan Cortina Olympics, which open Feb. 6.
Crans-Montana also is a premium venue in international golf. The Crans-sur-Sierre club stages the European Masters each August on a picturesque course with stunning mountains views.
From left, Mathias Reynard, State Councillor and president of the Council of State of the Canton of Valais, Stephane Ganzer, State Councillor and head of the Department of Security, Institutions and Sport of the Canton of Valais, Frederic Gisler, Commander of the Valais Cantonal Police, Beatrice Pilloud, Attorney General of the Canton of Valais and Nicole Bonvin-Clivaz, Vice-President of the Municipal Council of Crans-Montana during a press conference in Lens, following a fire that broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
A skier walks in the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
A banner stating that fireworks are prohibited due to the risk of fire is pictured near the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
