BDSwiss, the online forex and CFD broker, has received a new regulatory license from the Seychelles Financial Services Commission (FSA - Seychelles) under its newly registered entity BDS Ltd and announced this week, the new license is in addition to two other regulatory licenses from the Cyprus Securities and Exchange Commission. (CySEC), Financial Services Commission (FSC - Mauritius).
BDSwiss Expansion Plans for 2020
The broker has obtained the new license as it is aggressively planning to expand its services and also global expansion. The company last year opened new offices in Southeast Asia and Latin America.
The broker was established in 2012, is headquartered in Germany and has another office in Cyprus. The company offers trading services on the MT4 and MT5 platforms to its clients and amounts to more than $30 billion in monthly forex trading volumes, as shown on its website.
The group revealed at its annual meeting this year that it has around 1.2 million traders on its brokerage platform. BDSwiss also saw a 225 percent increase in the total number of active traders in 2019 with a 217 percent jump in trading volume for the same period.