Exclusive: CFDs broker BDSwiss goes offshore
BDSwiss began a restructuring of its business last summer following the departure of CEO Nicolas Shamtanis.
Offshore FX brokers are websites which offer retail clients trading in forex pairs, CFDs and often cryptocurrencies, while located in one of many “offshore” locations. These include brokers which are licensed by small island and nation-states with the more popular ones being Belize, Seychelles, Mauritius, Saint Vincent and the Grenadines, the British Virgin Islands (BVI), and the Bahamas. Other offshore FX brokers are fully unlicensed, and operate with no regulatory oversight of any kind.
Offshore brokers typically can offer more risky terms to clients than can properly licensed, onshore brokers (such as those located in Europe, Australia, or North America), such as high leverage and volume-related deposit bonuses. However when things go wrong, clients of these offshore brokers typically have no recourse, and no real regulator to turn to,
BDSwiss began a restructuring of its business last summer following the departure of CEO Nicolas Shamtanis.
TibiGlobe expects to start onboarding clients on the Mauritius entity in the coming months.
The broker’s old url of zara-fx.com now redirects to zarvistacm.com.
Founded in 2015, AIMS operates as a Labuan domiciled entity, and focuses mainly in clients in the Far East.
Christiana Lazaridou joins Zara FX from Scope Markets, where she served as Global Head of Partnerships.
Miranti Rostian joins from Maybank where she served for the past three years as Vice President – Prime Brokerage Sales.
Scope Prime is the offshore (Belize domiciled) institutional liquidity division of Rostro Financial Group.
Seychelles, a crucial offshore hub for brokers, provides B2Prime with a strategic platform to distribute liquidity locally.
Markets4you, which recently rebranded from Forex4you, is run by Singapore based CEO Marina Strausa.
Simon Henry joined Exinity in 2022 after two years at Capital.com, where he was Head of Compliance and MLRO.