Ex-BDSwiss Executive’s CFDs Broker Sees Dubai’s Potential: Establishes Holding Company

Sky Links Capital, a forex and contracts for differences (CFDs) broker established by a former BDSwiss executive, has formed and incorporated its holding company, Sky Links Holding Ltd, in the Dubai International Financial Centre (DIFC).

Seeking Opportunities Globally

The press release shared with Finance Magnates further highlighted that the move came as the broker is strategically positioning itself to pursue new opportunities in both emerging and established markets worldwide.

“As a multi-jurisdictional broker, centralising our structure under the DIFC enhances our governance, credibility, and capacity to scale across global markets with transparency and trust,” said Daniel Takieddine, Co-Founder and Group CEO of Sky Links Capital, highlighting the “long-term vision” of his firm.

As FinanceMagnates.com reported, Sky Links Capital secured a Category 5 licence from the UAE Securities and Commodities Authority (SCA) earlier this year, marking its expansion into regulated financial services in the Middle East's leading financial hub.

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A Broker by a Former BDSwiss Executive

Takieddine, the former CEO of BDSwiss for the MENA region, founded Sky Links Capital in the middle of last year. Interestingly, under his leadership, his previous employer, BDSwiss, also secured the same SCA licence in June 2024.

The UAE licence, however, is the second regulatory approval obtained by Sky Links Capital. As seen on its website, a unit of the broker is already registered and regulated in Mauritius. Another entity is registered in St Vincent and the Grenadines.

Meanwhile, Takieddine is not the only former BDSwiss executive to establish a competing platform. Alexander Oelfke, the former CEO of BDSwiss, also launched Dubai-headquartered CFDs broker Tauro Markets with two other co-founders, David Dubrulle and Konstantin Oelfke. Earlier, Oelfke told Finance Magnates that his brokerage is “in the process of establishing teams in the LATAM and APAC regions” and is applying for more licences.

BDSwiss, on the other hand, is shrinking its global presence. It cut many senior and mid-level executives last year, and the firm claimed “restructuring”. The existence of its Cyprus base is also in question, as the local regulator suspended the licence.