How to Trade Multiply Group (MULTIPLY) on ADX

Multiply Group PJSC, ticker MULTIPLY on the Abu Dhabi Securities Exchange (ADX), is a large-cap investment holding company with interests in mobility, utilities, and media. For traders in the UAE, Swissquote offers CFD access to this stock.

Multiply Group is a holding vehicle, not a single-business stock. Its price action tends to track broader Gulf economic sentiment and the performance of its portfolio companies rather than one product line. This matters when picking an entry point, because the usual single-stock catalysts, like an earnings miss on one product, get diluted across the whole portfolio.

Broker Setup

Swissquote serves UAE clients through a specific structure. The local arm, Swissquote MEA Ltd (SQMEA), holds a DFSA license in the DIFC. Due to DFSA rules on restricted speculative investments, SQMEA does not offer CFDs or rolling-spot FX to retail clients. Retail CFD trading is booked through the Swiss parent entity, Swissquote Bank Ltd, which is regulated by FINMA and listed on the SIX exchange.

The DFSA license covers the representative office and advisory side, while actual trading execution sits with the Swiss bank. The account is held with a FINMA-regulated Swiss bank. The regulatory standing is bank-grade.

Account Options

The account structure at Swissquote is tiered by deposit size, and the minimums are higher than the industry average. The Standard forex account requires a minimum of USD 1,000. Premium requires USD 10,000 and Prime USD 50,000. A dedicated expat account is offered.

There is no standard deposit bonus. An Islamic swap-free account is available on request through support.

Leverage Limits

Leverage on retail accounts through the Swiss entity goes up to 1:100. The UAE mainland regulator, SCA/CMA, caps retail leverage around 1:50 on major FX pairs, while the DFSA applies ~1:30 aligned with EU standards. Offshore brokers advertising 1:500 or 1:1000 are outside these caps entirely.

At 1:100, a 1% adverse move in the MULTIPLY price wipes out the margin on that position. The stock is medium volatility, so a 1% daily move is not rare.

Platform Choices

Swissquote offers three platforms: the proprietary Advanced Trader, plus MetaTrader 4 and MetaTrader 5. For trading an ADX-listed stock like Multiply Group, MT4 and MT5 support custom indicators and automated strategies.

The Advanced Trader platform is Swissquote's own web-based terminal. It is solid for manual trading, with fast execution and good charting, but lacks the ecosystem of MT4/MT5, such as thousands of free indicators and expert advisors. For a mechanical strategy on MULTIPLY price action, MT4 or MT5 is the better fit.

Trading Costs

Swissquote operates with a bank-grade pricing model: spread-based FX plus platform and custody fees. Exact pip values on MULTIPLY CFDs were not verified to a precise number at review, so check the contract specifications inside the platform before committing.

The headline cost is the spread. For a stock CFD there is also the swap or overnight funding charge if positions are held past the daily cut-off. With the Islamic account, swap charges are waived, which makes a difference for longer-term holds.

Tax rules for UAE individual traders

The UAE tax situation for individual traders: 0% personal income tax and 0% capital gains tax on trading profits for individuals, whether trading forex, stocks, crypto, or derivatives. There is no personal income filing duty for retail traders.

The 9% corporate tax applies to business profits above AED 375,000, but only for those operating as a business or company. A Qualifying Free Zone Person in DIFC or ADGM can qualify for 0% on qualifying income. Individual retail traders are outside this scope. Those running a trading company should confirm status with the Federal Tax Authority (FTA).

Regulation Checks

UAE regulators - SCA/CMA on the mainland, DFSA in DIFC, and FSRA in ADGM - require any firm offering investment services to hold a local license. The registration number on the client agreement must match the legal entity on the regulator's public register.

The SCA publishes a Violations and Warnings page on its open-data portal, and both the CMA and DFSA issue investor alerts about unauthorised firms. As of 2025-2026, regulators warn about firms impersonating well-known exchanges and using cold calls or WhatsApp promotions.

High entry barrier and deposit friction

The minimum deposit is USD 1,000 to start, higher than most competitors. There is no local UAE payment rail; deposits rely on international bank wires or cards, which adds friction compared to brokers with AED-denominated local transfers.

The dual-entity structure means CFD trading is booked with the Swiss entity. If you expect the local DFSA entity to handle your account, you will be redirected. CFD trading falls under Swiss banking rules, which is the stronger regulatory umbrella.

Execution and regulatory strength

For traders in the UAE who want bank-grade execution and FINMA regulation, Swissquote is a strong fit. The infrastructure is solid, the platforms are proven, and the 1:100 leverage is reasonable for a medium-volatility stock like Multiply Group. The higher minimum deposit filters out casual traders.

If you value regulatory depth and are comfortable with a USD 1,000 starting point, this setup works. If you need AED base currency or local payment rails, or want lower minimums, alternative international brokers with UAE-facing operations handle those cases better. The choice comes down to whether the bank-grade structure is worth the higher entry barrier.