BDSwiss is licensed by the UAE Securities and Commodities Authority (SCA). This new license enables the Forex and CFD broker to offer a range of financial products and services, from Forex trading to CFDs, enhancing the trading experience for both retail and institutional investors in the UAE.
According to the press release, BDSwiss has obtained a Class 5 licence. This approval is expected to enable the company to expand its operations throughout the Middle East and North Africa region.
Expansion in the Middle East and North Africa region
Speaking about this achievement, Daniel Takieddine, CEO of BDSwiss in the Middle East and North Africa region, said: “This achievement is a testament to our continued efforts to expand our footprint in the Middle East and North Africa region and provide exceptional services tailored to meet the needs of our customers in this region.” “With our SCA Category 5 ‘Financial Advice and Offering’ licence, we are well positioned to provide unparalleled access to global markets, supported by our strong technology infrastructure and deep market expertise.”
The Class 5 SCA license strengthens BDSwiss' operations in the Middle East. It allows the company to engage in financial consulting and introduce clients to various investment opportunities. BDSwiss has focused on financial services since its inception in 2012, serving more than 1.5 million customers in 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 allows the company to offer its trading platform, ThinkTrader, to a new client base in the UAE. ThinkMarkets praised the move as part of its expansion into the Middle East and North Africa region.
More brokers are looking to the MENA region
ThinkMarkets aims to enhance its offerings in the UAE by integrating a range of trading tools within the ThinkTrader platform after obtaining a Dubai Financial Services Authority license. These tools include Signal Center, 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 is keen to establish a presence in new markets around the world. In addition to the UAE, ThinkMarkets has obtained licenses from the Japan Financial Services Agency and the New Zealand Financial Markets Authority, expanding its global presence.
This article was written by Jared Kirroy at www.financemagnates.com.
