2020 EoY Affiliate Competition: Winners Announced

2020 EoY Affiliate Competition: Winners Announced
January 19, 2021

BDSwiss’ EoY $20,000 Affiliate Competition with a total prize pool is officially over and we are very pleased to announce that we have our three winners. All prizes will be paid out as direct credit to our winning partners’ accounts and can be fully withdrawn at any time. 

 

THE RULES

The competition was held from December 1st, 2020 to January 15th, 2021 and gave all BDSwiss Affiliate partners the opportunity to claim added cash prizes on top of their existing commissions by securing the highest average total trading volume and climbing to one of the top 3 places on our Leaderboard. All BDSwiss Affiliates were automatically entered into the competition but had to secure at least 50 new FTDs while the competition was running in order to qualify for a prize. 

 

WINNERS & PRIZES

Our highest-ranking affiliate has managed to climb to the top of our leaderboard by achieving an astonishing total trading volume of $5.6 million and will be claiming our first prize of $12,000 as a direct deposit to their account. The second prize of $5,000 will be claimed by the Affiliate who managed to reach a total trading volume of $3.6 million on our leaderboard, while our third winner reached a $2.9 million in client trading volume and will be receiving a $3,000 cash reward!  

 

MORE COMPETITIONS COMING UP 

We would like to thank all our affiliate partners for taking part in our latest competition. We’ve seen astonishing volumes and we hope that our partners have enjoyed healthy revenue streams. We have been receiving some very encouraging feedback on our competitions and promotions so we plan to continue offering added motivation and rewards to BDSwiss IBs and Affiliates. Stay tuned for more exciting competitions ahead!

 

Not a partner yet? Join our Partner Program today  

 

 

What Does the January FCA Crypto Ban Mean for BDSwiss Partners?

What Does the January FCA Crypto Ban Mean for BDSwiss Partners?
January 15, 2021
About the ban

The U.K.’s Financial Conduct Authority (FCA) announced a ban on the sale of crypto derivatives to retail clients which came into effect in January 2021. The decision came amid concerns that due to their volatile nature, cryptocurrencies as an asset can pose a greater challenge for investors when it comes to attempting to speculate on their future valuation. 

 

BDSwiss’ response to the ban

While many commentators, including Forbes’ Lawrence Wintermeyer, have criticised the recent ban and warned against it possibly having a negative future impact for the U.K. economy and its ability to maintain its dominant position as a global fintech hub, financial authorities like the FCA have long been entrusted with regulating the financial services arena, enhancing market trust and integrity and protecting consumer interests. As a multi-regulated broker, BDSwiss welcomes regulatory changes which seek to strengthen client protection and fully enforced the ban of cryptocurrency derivatives for all clients that are permanently residing in the UK, as well as for clients under the BDSwiss Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). 

 

It is important to note that, prior to the ban, BDSwiss maintained a limited leverage ratio on all cryptocurrency derivatives of up to 1:5, and continues to invest heavily in appropriateness testing, traders’ education, and KYC controls, to ensure that all retail clients understand and acknowledge the risks involved in trading leveraged products prior to investing their capital.  

 

How was the ban implemented?

BDSwiss took a number of steps to ensure that the crypto ban was conducted smoothly and efficiently, promptly informing all clients whose trading activity would have been affected by the ban. All affected clients received a number of emails informing them of the ban in late 2020 and were asked to ensure that any open positions were closed, as well as agree to the revised Terms and Conditions. The crypto ban was seamlessly implemented, and all crypto-derivative products were made unavailable to client accounts under CySEC entity and all clients residing in the UK as of January 1st, 2021. BDSwiss has notified its clients well in advance about all the relevant operational changes.

 

How was client trading activity affected? 

While it is admittedly unfortunate that for a certain group of clients the option to trade this unique digital asset class was removed, BDSwiss’ overall client trading volume was not affected by the ban. Major forex pairs such as the EUR/USD continue to dominate investor interest and claim the majority of trades placed. Meanwhile, there are a number of other extremely popular asset classes, such as shares, commodities and indices, that remain available for trading to all BDSwiss clients with the same award-winning trading conditions. 

 

How does the crypto ban affect BDSwiss Partners? 

BDSwiss Affiliate and IB partners were not affected by the latest Crypto-derivatives ban and, as aforementioned, we saw no impact on client trading volumes. It is also important to note that crypto-trading remains available for all non-EU clients including clients under FSA and FSC. Crypto assets enjoy increasing interest in fast-growing markets including South East Asia and LATAM. 

 

What does the future hold?

The FCA is open to reviewing the prohibition, but only if it sees strong evidence that the drivers of consumer risk have been materially addressed. Over the past four years, cryptocurrencies have become ubiquitous, prompting more national and regional authorities to grapple with their regulation, and their responses varied widely with both widespread bans and endorsements. As this is a relatively new asset class, regulations are bound to change, but we can only speculate as to what extent and effect. 

 

In a fast-changing regulatory landscape, partnering with a transparent broker that is able to respond swiftly, efficiently and effectively to change, can be a determining factor to Partners’ success. BDSwiss focuses on providing exceptional trading services through a multi-regulated environment that ensures steady growth and success for the brand and its Partners.

 

 

BDSwiss Adds PayPal to its Wide-Range of Payment Options

BDSwiss Adds PayPal to its Wide-Range of Payment Options
August 3, 2020

Dedicated to providing its clients and partners with utmost flexibility when it comes to deposits and withdrawals, BDSwiss has recently added PayPal to its payment options arsenal. BDSwiss was the first offshore broker to add PayPal as a payment method for certain jurisdictions under its FSC regulated entity.

 

As the preferred payment option for more than 300 million consumers worldwide, PayPal simplifies transactions by allowing users to register their credit/debit card or bank account and make secure online transactions without having to share their financial information with third-party vendors or platforms. The introduction of PayPal to BDSwiss’ broad list of payment options is aimed at further improving client experience by enabling traders to quickly and easily process deposits and withdrawals – which can also result in improved conversion rates, longer average customer lifetime value and increased client satisfaction.

 

Working with a number of reputable electronic payment systems enables BDSwiss to substantially increase its inflow of clients who enjoy the possibilities offered by electronic funds. Never complacent, BDSwiss vouches to continue to expand its payment arsenal with top tier providers that can accommodate the needs of its international client base.

 

BDSwiss Awarded “Best Partnership Program – Asia 2020” by Global Banking & Finance Review

BDSwiss Awarded “Best Partnership Program – Asia 2020” by Global Banking & Finance Review
May 22, 2020

BDSwiss was greatly honoured to receive the “Best Partnership Program – Asia 2020” award by Global Banking and  Finance Review in recognition of its continued efforts to offer an industry-leading Partner Program in terms of competitive payout structures, optimized conversion rates and continuous expansion and support. 

 

Recognising achievement, strategy, progressive and inspirational changes taking place within the Global Financial community, Global Banking and Finance Awards are presented to companies receiving the best ratings in their nominated category – taking into consideration brand popularity, innovation, support satisfaction, and financial benefits. 

 

The “Best Partnership Program – Asia 2020” award comes as the latest recognition of BDSwiss’ unwavering commitment to support and expand its global partner network and in particular its efforts in more recent years to solidify its presence in South East Asia. BDSwiss Group CEO Alexander W. Oelfke commented in his recent interview with Global Banking & Finance:  

 

We’re honoured to have won the award for “Best Partnership Program – ASIA 2020”. It’s a testament to the work done and effort we’ve made together with our Partners. Our Affiliates and IB Partners Program is one of the linchpins of our success. It’s now grown to almost 18,000 active Partners and we’ll continue to invest in and expand our network globally.” – and commenting on future plans: Our strategy for future growth continues to focus on expanding our Partner network, and launching in new markets, especially in South East Asia.”

 

About BDSwiss Partners Program: 

BDSwiss’ Partner Program, ranks among the top in the forex industry with a fast-growing community of nearly 18,000 IBs and Affiliates from over 100 countries. BDSwiss Partners’ Program success can be attributed to timely and transparent remunerations, fast onboarding, exceptional support and a solid brand name. Offering clients a competitive trading environment, safe and flexible transactions through 150+ payment methods, 20+ platform and support languages as well as the latest innovations when it comes to trading and analysis, BDSwiss has established itself as a reliable partner that ensures higher conversion rates and longer lifetime value. 

 

Fully aligning its efforts to those of its Partners, BDSwiss’ long-standing market presence and credibility, along with ongoing support, project funding, customised marketing materials and advanced tracking and reporting, create an ideal partnership solution for IB and Affiliates seeking opportunities for high returns and continuous expansion.

 

As a celebration of this recognition, aiming to further reward its valued partners, BDSwiss has launched an IB Competition with a total prize pool of $10.000. Click here to find out more.