Tag: BDSwiss Holding

German entrepreneur Jan Malkus has been identified as the beneficial owner behind the controversial broker scheme BDSwiss, a group that has faced significant regulatory challenges in various jurisdictions over the last three years. Therefore, the CySEC-regulated BDSwiss became an offshore broker supervised by offshore regulators. The successor CySEC scheme, Viverno, does not seem to be successful. We maintained the Red Compliance listing.

2022 was for sure a difficult year for the BDSwiss scheme. For a few months in Q2 and Q3 2022, the CySEC-regulated German BDSwiss has not been accepting new clients. In March 2022, the German BaFin launched investigations against the offshore broker BDS Markets. In May 2022, the FCA banned BDSwiss from the UK due to its offshore activities. Our review today found that the CySEC-approved domains BDSwiss.com and EU.BDSwiss.com have been terminated. Here is an update.

Since Mid-April 2022, the CySEC-regulated German BDSwiss has not been accepting new clients. We have been following the activities of the CySEC-regulated BDSwiss and have reported extensively on their offshore onboarding. We have been threatened several times by their Compliance and Legal Departments for doing so. In our re-check on 1 June 2022, we learned that the BDSwiss website continues to inform visitors that no new clients are accepted until further notice. Moreover, former director Catalina Pantea informed us that she resigned in Jan 2022 and has no clue about the current state of affairs.

In the last few hours, first Evripidis Oskis, Reputation Officer, and Haris Constantinou, Legal & Compliance officer of CySEC-regulated BDSwiss Holding Ltd, complained about the latest FinTelegram review about their offshore activities. Especially the headline concerning "continues its illegal offshore onboarding activities" would be false. At least in the "present tense," argues the Legal & Compliance Offer. The FCA banned the BDSwiss Group in 2021. In March 2022, German BaFin launched an investigation saying that BDS Markets has no permission to offer ist regulated services in Germany.

The BDSwiss Group d/b/a BDSwiss, Swiss Markets, and BDS Trading. These are the trading names of BDSwiss Holding Ltd, regulated by the Cyprus CySEC. The offshore entity BDS Markets, regulated by FSC in Mauritius is part of this BDSwiss Group. The FCA banned BDSwiss Group in June 2021 The German BaFin launched an investigation saying that BDS Markets has no permission to offer ist regulated services in Germany. In our review, all CySEC-approved domains were redirected to the offshore broker websites. Here is another update!

Swiss Markets and BDSwiss are registered trademarks of BDSwiss Holding Ltd, regulated by the Cyprus CySEC with license number 199/13. BDS Markets is part of the BDSwiss Group. The company is regulated by the Financial Services Commission (FSC) in Mauritius with License Number C116016172. The German BaFin issued a statement, saying that the offshore broker BDS Markets has no permission to offer ist regulated services in Germany. Currently, CySEC-regulated BDSwiss is no longer accepting new clients.