Cyprus-headquartered BDSwiss has witnessed the departure of at the very least 9 staff, together with a number of prime executives, prior to now few days, Finance Magnates has discovered. Moreover, dozens of merchants on the platform have raised issues about withdrawal points.
BDSwiss Discontinuing Operations in “Sure” Areas
In the meantime, BDSwiss has confirmed to Finance Magnates that they’re restructuring their enterprise and can discontinue operations in “sure geographical areas,” with out specifying any jurisdiction.
“BDSwiss has made the choice to refocus and restructure its present enterprise,” the dealer wrote in a press release shared with Finance Magnates. “After assessing its world operations, administration has determined to not proceed working in sure geographical areas. This choice has additionally impacted the employees on the headquarters.”
Apparently, the dealer secured a brand new license from the UAE’s Securities and Commodities Authority within the latest months.
The departed staff from the Cyprus places of work of the dealer embody Achilleas Achilleos, the Chief Advertising Officer at BDSwiss; Nicole Heinrich, the previous Chief Gross sales Officer; Marios Morfakis, the ex-International Head of Gross sales; Nita Georgiadou, the previous Head of Account Opening; and Vanessa Joyce, the previous Nation Supervisor. Hassan Ibrahim, the previous Head of Enterprise Growth, left the Dubai workplace of the dealer. Finance Magnates confirmed that at the very least 9 folks left the dealer from its Cyprus and different places of work.
There have been additionally some departures among the many distant groups of BDSwiss, which embody Richard Jones, the dealer’s Nation Supervisor for Ghana, and two Market Analysts, Assumang Da-costa and Adnan Rehman, one based mostly in Ghana and the opposite in Pakistan, in accordance with their LinkedIn profiles.
Finance Magnates confirmed the exit of at the very least 9 staff, however a supply knowledgeable the publication that the precise determine is way larger.
Departure of Prime Executives
Achilleos was BDSwiss’ Chief Advertising Officer for the previous couple of years. His different business expertise contains being the Advertising Government of Skilling, one other CFDs dealer, and the Artistic Director of ForexTime (FXTM). He additionally headed the advertising and marketing efforts of AGP Legislation Agency, Influence Tech, and some different corporations.
Whereas Achilleos labored for BDSwiss for simply over two years, Heinrich separated from the dealer after greater than eight years. She joined BDSwiss in mid-2016 because the German Account Supervisor after which climbed the company ladder to carry the place of Chief Gross sales Officer earlier than her departure.
Georgiadou was one other long-time BDSwiss worker who separated after nearly six years. Morfakis additionally exited from BDSwiss’ Cyprus workplace and was the International Head of Gross sales for about two years.
BDSwiss Is Dealing with Withdrawal Points
One other attention-grabbing improvement is that the Trustpilot web page of BDSwiss has acquired a wave of adverse critiques in the previous few days. All of the complaints are about withdrawal points merchants have been dealing with on the brokerage platform.
Out of the 36 critiques of BDSwiss on Trustpilot within the final 30 days, 31 have been adverse and associated to withdrawal points.
“It has been greater than every week that I have been ready for a withdrawal. The one factor that assist says is, ‘Sorry for the inconvenience, we’re processing your withdrawal, we’re having technical difficulties,'” one dealer from Bolivia wrote on Trustpilot. “You aren’t a severe dealer.”
One other dealer from Nigeria wrote: “I feel BDSwiss is about to fold up anytime quickly as a result of many of the affiliate managers that work with them now not choose up their calls nor reply to messages.”
BDSwiss continued in its assertion: “The business has been dealing with challenges in latest months and solely probably the most aggressive brokers will survive. As a part of its restructuring course of, BDSwiss has skilled difficulties with delayed funds and withdrawals. Nevertheless, all points are being reviewed and will likely be resolved. We anticipate to share additional constructive information within the close to future”.
This text was written by Arnab Shome at www.financemagnates.com.
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