BDSwiss Gains a New License from Seychelles Regulator

BDSwiss, an online FX and CFDs broker, has obtained a new regulatory license from Seychelles’ Financial Services Commission (FSA - Seychelles) under its newly-registered entity BDS Ltd.

Announced this week, the new license is an addition to the broker’s fleet of two other regulatory licenses from the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term), the Financial Services Commission (FSC – Mauritius).

With the recent licensed-entity, the brokerage can ensure greater transparency and security to its clients across South-East Asia, South Africa, Middle East, and Latin America.

Expansion plans for 2020

The broker obtained the new license when it is aggressively planning an expansion of its services and also further global expansion. Last year, the company opened new offices in South East Asia and Latin America. Established in 2012, the broker maintains its operational offices in Germany and Cyprus.

The platform offers trading services on both MT4 and MT5 platforms to its clients and sees over 80 billion in monthly Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volumes, as seen on its website.

In its annual meeting this year, the group revealed that it has seen an increase of 225 percent in the total number of active traders in 2019, from a database of more than 1.2 million accounts, with a jump of 217 percent in trading volume for the same period.

“2019 was our year, we’ve seen immense growth and expansion and we couldn’t have done it without the dedication, loyalty, and commitment of our global teams and partners,” BDSwiss Group CEO, Alexander W. Oelfke, said in the group’s last annual meeting.

“Our stellar performance in 2019 reinforces that we are on the right trajectory – taking full advantage of our company’s strengths and strong partner arsenal to push for further expansion and establish BDSwiss as one of the leaders in its field, as well as diversify our services and products on a Group Level.”