This license will allow the MIG Bank to expand its products portfolio and increase and diversify its trading volumes and revenues to products such as commodities, indices, options, futures, bonds and equities.
Since its foundation in 2003, MIG Bank has been offering online forex trading services to private and institutional clients.
Swiss financial institutions are required to have the securities dealer license in order to offer securities trading facilities other than FX services.
MIG Bank CEO Hisham Mansour said that the next objective is to become also a leader in online trading in all asset classes.
"For that purpose we are now planning to expand our activities in Switzerland and abroad. The Securities Dealer License came at the right time as we are ready to expand our product portfolio," Mansour said.
