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Tag: BDSwiss

September 24, 2023

Red Compliance Rating: The Bond Offered By BDSwiss Parent Company Duronga!

German entrepreneur Jan Malkus is the beneficial owner behind CySEC-regulated BDSwiss, which has recently faced massive regulatory difficulties in various jurisdictions. Malkus controls the BDSwiss Group through Cyprus-based Duronga Holdings Ltd. Currently, Duronga is offering a bond that offers investors a repayment of 210% of the capital invested. We have put the bond on our Red Compliance List.

July 28, 2023

Exposed By FinTelegram: BDSwiss Secures Another Regulatory Penalty For Misleading Clients!

BDSwiss Holding Ltd, the operator of the forex and contracts for differences (CFDs) broker BDSwiss and Viverno, has been fined €100,000 by the CySEC for lapses in complying with initial margin and risk warning requirements during 2021. The penalty was imposed because BDSwiss enabled mislead clients of its offshore broker scheme to believe they were dealing with the CySEC-licensed firm. The German Jan Malkus controls the BDSwiss Group of companies.

May 21, 2023

CySEC Broker BDSwiss Appoints Christos Fylaktou As Head For Its African Operations!

The CySEC-regulated investment firm BDSwiss has appointed Christos Fylaktou as the Regional Head of Business Development for its African operations. Before joining BDSwiss, he had a three-year tenure as s senior business development executive for the Africa region at HFM, previously known as HotForex. Fylaktou will work in BDSwiss offices in Cyprus.

Job Movements

February 26, 2023

Job Notice: The HQ Head Resigned At Troubled BDSwiss!

As reported by Fintelegram, BDSwiss had a difficult 2022 with regulatory investigations due to its offshore activities. Thus, the CySEC-regulated broker hired new management, closed down the BDSwiss brand, and launched the new brand viverno. Natale Mastoroudes, the HR Head at BDSwiss, is leaving her Cyprus-based role at the broker. She has not been in this role for too long, only a bit over 7 months.

February 12, 2023

BDSwiss Appointed Marc Suarez As LATAM Marketing Manager

Marc Suárez joined the CySEC-regulated broker BDSwiss in December 2021. He has been appointed LATAM Marketing Manager to support the broker in these new target..

February 5, 2023

Embattled Broker BDSwiss Appoints New Chief Commercial Officer!

All new at BDSwiss Group. The German investor Jan Eric Malkus controls the German Cyprus broker scheme. FinTelegram recently reported on the restructuring of domains and operations at BDSwiss with its new Viverno scheme. A new Chief Commercial Officer (COO) was appointed in February 2023: Andreas Andreou, the former Head of Business Development at HF Markets’ subsidiary in the United Arab Emirates (UAE), announced his appointment on Twitter this week.

February 5, 2023

CySEC-Regulated BDSwiss Rearranged Its Domains And Business Activities!

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.

January 1, 2023

Interesting: CySEC-Regulated BDSwiss And Its Metabroker activities for Lydian.World!

The Metaverse is considered the next big thing. Not only Facebook parent Meta Platforms Inc. is betting on it but also the Multi-level marketing (MLM) industry. GSPartners and its gaming & finance platform, Lydian.Worlds, which gamifies business and finance, relies on crypto and NFTs. Also on board is Jan Malkus' CySEC-regulated BDSwiss as the "MetaBroker." Malkus gets celebrated with Lydian.World founder Josip Heit at the launch event in Dubai in May 2022.

Fintech

October 3, 2022

Payabl Investment Klarpay Proudly Announced Its Q3 2022 Milestones!

Klarpay is a FINMA-regulated FinTech and received an investment from Payabl Group a few months ago. The latter was founded by former Wirecard executives Ruediger Trautmann, Dietmar Knoechelmann, and his wife Ayelet Fruchtlander-Knoechelmann. Klarpay announced that in Q3 it became a Principal Member of the VISA network and integrated Visa’s B2B Connect, which enables Klarpay’s business customers to perform cross-currency outbound payments. And it introduced Apple Pay.

September 12, 2022

Update On The Still-Not-Launched Unleashed Capital Bank Of BDSwiss Group!

In May 2022, FinTelegram reported about the 2020-plans of BDSwiss to establish BaFin-listed Unleashed Capital Bank (ULC). Back then, BDSwiss claimed to be the fastest-growing..

August 18, 2022

Following FinTelegram Reports: CySEC-Regulated BDSwiss Terminated Offshore Onboarding!

When precisely BDSwiss lifted the new client registration blocking, we do not know. In our last review on June 16, 2022, the new client registration was still disabled, and we received a respective pop-up warning. FinTelegram has repeatedly drawn attention to BDSwiss' offshore onboarding process for EU and UK clients. In our review today, new client registration was possible again, whereas offshore onboarding for EU and UK residents was no longer possible. That's good news!

June 16, 2022

Another Update: BDSwiss Still Not Accepting New Clients!

Since Mid-April 2022, the CySEC-regulated German BDSwiss has not been accepting new clients. For reporting on their offshore onboarding activities, we have been threatened several times by the BDSwiss Compliance and Legal Departments. In our re-check on 15 June 2022, BDSwiss still does not accept new clients. Catalina Pantea resigned as director in Jan 2022 , and we learned that some other key people left the company in 2019 to establish Klarpay, as regulated Swiss FinTech. The latter received a CHF3 million funding from Payabl in May 2022. Here is another update.