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 5th 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 5th 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 5th 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.
This article was written by Jared Kirui at www.financemagnates.com.
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