BDSwiss Secures Key UAE License to Expand Services in MENA

Thursday, 06/06/2024 | 16:01 GMT by Jared Kirui

This latest approval permits BDSwiss to provide financial consultations and introduce clients to investment opportunities.

BDSwiss expects the SCA Category 5th license to boost its operations in the Middle East and North Africa region.

BDSwiss has secured a license from the UAE’s Securities and Commodities Authority (SCA). This new approval enables the forex and CFD broker to offer a suite of financial products and services, from forex trading to CFDs, enhancing the trading experience for both retail and institutional investors in the region.

According to the press release, BDSwiss was awarded the Category 5 license. The firm expects that this approval will enable it to broaden its operations across the Middle East and North Africa region.

Expansion in the MENA Region

Speaking about this milestone, Daniel Takieddine, the CEO of BDSwiss MENA, mentioned: "This achievement is a testament to our continuous efforts to expand our footprint in the MENA region and provide exceptional services tailored to the needs of our clients in this dynamic region. With the SCA Category 5 license "Financial Consulting and Introducing", we are well-positioned to offer unparalleled access to global markets, supported by our robust technological infrastructure and deep market expertise."

The SCA Category 5 license boosts BDSwiss’ operations in the Middle East. It allows the firm to engage in financial consultations and introduce clients to various investment opportunities. BDSwiss has focused on financial services since its inception in 2012, catering to over 1.5 million clients across 180 countries. The company offers stocks, ETFs, forex , commodities, and indices.

In March, ThinkMarkets obtained a license from the Dubai Financial Services Authority. This approval enables the firm to introduce its trading platform , ThinkTrader, to a new client base in the United Arab Emirates. ThinkMarkets lauded this step as part of its expansion in the Middle East and North Africa.

More Brokers Eye MENA

ThinkMarkets aims to enhance its offerings in the UAE by integrating a suite of trading tools within the ThinkTrader platform after acquiring the DFSA license. These tools include the Signal Centre, TrendRisk Scanner, and Traders' Gym, which are designed to elevate the trading experience for local investors.

This regulatory milestone is part of ThinkMarkets' broader global expansion strategy. The company seeks to establish a presence in new markets worldwide. In addition to the UAE, ThinkMarkets has acquired licenses from the Japan Financial Services Agency and the New Zealand Financial Markets Authority, further extending its global footprint.