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Tag: Swiss Markets

CySEC-Regulated BDSwiss Rearranged Its Domains And Business Activities!

CySEC Ben -
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.

Another Update: BDSwiss Still Not Accepting New Clients!

CySEC Ben -
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.

Attention! CySEC-regulated BDSwiss continues its illegal offshore onboarding in Europe

BaFin Ben -
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!

Finally! German BaFin prohibits offshore activities of CySEC-regulated BDSwiss Markets!

BaFin tamir -
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.

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