BDSWiss SCAM ALERT - ABUSE - CANCELLED ALL GAINS - Termination Letter

Nephesh

Recruit
Messages
5
Hello FPA, Dear Traders

This is my first post and I hope I write it in the good section (sorry if not )

I will explain briefly my story with this Broker : @BDSwiss.
I am an EU citizen. This broker is under control of the Financial Services Commission (FSC).
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Licence number is : C116016172
Verification process was ok.
I opened a raw account which has around 75fees per month. I deposite 100€ . We are the 01/18/2020
I traded for a moment and Withdrawal 600€ in March. No problem with this step. Bank details were accepted.

I continue to trade until to reach balance more than 3.000 €. We are in May. I made around 1600€ in one day due to a realy strong move. It was the 27th May.

2 days later, the 29th of May : BDSwiss wipe out my account without indication/notification. All gains were deleted !
The comment in the operation is not a regular comment.

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This is a regular withdrawal comment operation :
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I cheked on my back office. A withdrawal operation were registered , but no bank account in destination. This is not normal.

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I called my manager, and told that I only can send an email to the support :
So I send an email and few hours later, I receive a "termination letter" .
They closed my account for " risk reason" and cancelled my gains.

I sent email, without response. I called my manager, he never called me back with explications.

I contested the monthly statement opening a ticket on the support service by mail.
No way, I cant contest due to the termination letter.

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Termination Letter :

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This is the reponse to my contestation for the monthly report.

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So, is there any solution to get back my money ? Is it legal to cancel & close account like that ?
I have all re
Please guys, becarefull with this broker.
Many thanks for FPA Services

Sincerely

Yoann.
 

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marco_mmbiz

Sergeant
Messages
184
They just cancelled all of your profit, and wanting you to withdraw the rest of your deposits? Wtf? What is stated in clause 22.3 of their T&C's to which they refer to?
 

Nephesh

Recruit
Messages
5
They just cancelled all of your profit, and wanting you to withdraw the rest of your deposits? Wtf? What is stated in clause 22.3 of their T&C's to which they refer to?
hello Marco

They cancelled and deleted all my profit since my last withdrawall to put my account at 0€ and closed it.
To simply : they made everything disappear
About clause 22.3 Dunno yet. I'm currently busy with exams.
But their main argument is I am a risk for the company due to my good trading operations.

Looking for some help, if anyone was able to get it back his money.

Regards,
 

Nephesh

Recruit
Messages
5
Thanks Walter,

The point is I havent any explication.
Which point is the reason ?
Can they use all points without giving legal justification ?

Identified as a risk for the company . Legal to close of the trader is winning so ?

Any legal solution to counter this ?

Regards,
 

marco_mmbiz

Sergeant
Messages
184
They should explain to which exact sub-clause they refer, and also they should give you their exact evidence. They just can't close your account with all the profits and your money and throw some clauses to you as their explanation. A company should not deal with its clients like that, especially if the client didn't do anything wrong.
 

Scam Reporters

Master Sergeant
Messages
319
Thanks Walter,

The point is I havent any explication.
Which point is the reason ?
Can they use all points without giving legal justification ?

Identified as a risk for the company . Legal to close of the trader is winning so ?

Any legal solution to counter this ?

Regards,
To counter it against offshore-Seychelles based p.o. box bucket shop broker? Good luck ...
 

marco_mmbiz

Sergeant
Messages
184
To counter it against offshore-Seychelles based p.o. box bucket shop broker? Good luck ...

They have 2 regulations: FSC (Offshore/Mauritius) and Cysec (EU/Cyprus). Originally they came from Switzerland as far as I know, and for example my account manager is sitting in Berlin.

Here's their Mauritius (FSC regulated) address: BDS Markets Ltd., 6th Floor, Tower 1, Nexteracom Buidling 72201 Ebene – Mauritius

Here're their Cyprus (Cysec regulated) addresses:
Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus and
Ioanni Stylianou 6, 2nd floor, Office 202, 2003 Nicosia, Zypern

And here's their German po-box:
Mainzer Landstrasse 41, 60329 Frankfurt, Germany
 

acertablet

Sergeant
Messages
293
@marco_mmbiz you might wanna consider change broker soon

i have mentioned about BDswiss here before
Code:
https://www.forexpeacearmy.com/community/threads/bds-markets-bdswiss-scammed-my-profit-money.65167/post-364506


Code:
Company Name : BDS LTD
Company Number : 202039
Type : International Business Company (under the International Business Companies Act 2016)
Incorporated Date : 9 February 2018
Website : swissmarkets.com, global.bdswiss.com

if you signed up under Seychelles, they are NOT REGULATED. BDS Ltd is not in the list
Code:
https://www.fsaseychelles.sc/capital-markets/

where to find seychelles lawyer
Code:
https://sites.google.com/site/barassociationsc/law-firms
https://sc.pathlegal.com/lawyers-Seychelles/
https://sc.pathlegal.com/freelegaladvice.php

so they can do whatever they want with your money. they have registered another company in
Mauritius, but it is only for payment transaction. in the end, there is nothing much you can do.

Reference : https://global.bdswiss.com/app/uploads/2016/07/General-Terms-Conditions_BDS.pdf

2.7. Payment transactions are managed by BDS Markets a Mauritius registered company with
registration number 143350 licensed by the Financial Services Commission in Mauritius with
license number C116016172.
 

acertablet

Sergeant
Messages
293
@marco_mmbiz minor correction

if signed up under
Code:
eu.bdswiss.com
eu.swissmarkets.com
it is cyprus regulated

if signed up under
Code:
swissmarkets.com
global.bdswiss.com
registered at Seychelles, but NOT REGULATED.
 
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