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), 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.
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The platform offers trading services on both MT4 and MT5 platforms to its clients and sees over 80 billion in monthly forex 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.”