CySEC imposes a €100K fine on BDSwiss

<img width="562" height="338" src="https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="CySEC fine" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine.jpg 880w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-730×438.jpg 730w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-230×138.jpg 230w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-380×228.jpg 380w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-88×53.jpg 88w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2021/05/CySEC-fine-500×301.jpg 500w" sizes="(max-width: 562px) 100vw, 562px" /><p>The company operates forex and contracts for differences (CFDs) broker BDSwiss and holds a Cyprus Investment Firm (CIF) license granted by <a href="https://www.leaprate.com/tag/cysec/" target="_blank" rel="noopener">CySEC</a>.</p>
<p>The regulator detailed that in 2021, BDSwiss allowed offshore companies associated with it to promote its CIF status, enticing clients with investment services in CFDs without the requiring customers to pay an initial margin for protection or receiving the mandatory risk warning as required by the company’s license.</p>
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