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Exclusive: Mass Staff Exodus and Withdrawal Issues as BDSwiss Claims “Restructuring”

Published

4 months ago

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  • At least ten BDSwiss employees have confirmed that they have left the broker in the past few days, but according to an industry insider, the figure is much higher.
  • “After assessing its global operations, management has decided not to continue operating in certain regions,” BDSwiss stated.

BDSwiss logo on a building

Cyprus-headquartered BDSwiss has witnessed the departure of at least ten employees, including several top executives, in the past few days, Finance Magnates has learned. Additionally, dozens of traders on the platform have raised concerns about withdrawal issues.

BDSwiss Discontinuing Operations in “Certain” Regions

Meanwhile, BDSwiss has confirmed to Finance Magnates that they are restructuring their business and will discontinue operations in “certain geographical regions,” without specifying any jurisdiction.

“BDSwiss has made the decision to refocus and restructure its current business,” the broker wrote in a statement shared with Finance Magnates. “After assessing its global operations, management has decided not to continue operating in certain geographical regions. This decision has also impacted the staff at the headquarters.”

Interestingly, the broker secured a new license from the UAE’s Securities and Commodities Authority in the recent months.

Achilleas Achilleos; Source: LinkedIn

The departed employees from the Cyprus offices of the broker include Achilleas Achilleos, the Chief Marketing Officer at BDSwiss; Nicole Heinrich, the former Chief Sales Officer; Marios Morfakis, the ex-Global Head of Sales; Nita Georgiadou, the former Head of Account Opening; and Vanessa Joyce, the former Country Manager. At least one executive from BDSwiss’ Dubai office also left. Finance Magnates confirmed that at least ten people left the broker from its Cyprus and other offices.

There were also some departures among the remote teams of BDSwiss, which include Richard Jones, the broker’s Country Manager for Ghana, and two Market Analysts, Assumang Da-costa and Adnan Rehman, one based in Ghana and the other in Pakistan, according to their LinkedIn profiles.

Finance Magnates confirmed the exit of at least 9 employees, but a source informed the publication that the actual figure is much higher.

Departure of Top Executives

Achilleos was BDSwiss’ Chief Marketing Officer for the past couple of years. His other industry experience includes being the Marketing Executive of Skilling, another CFDs broker, and the Creative Director of ForexTime (FXTM). He also headed the marketing efforts of AGP Law Firm, Impact Tech, and a few other companies.

Nicole Heinrich; Source: LinkedIn

While Achilleos worked for BDSwiss for just over two years, Heinrich separated from the broker after more than eight years. She joined BDSwiss in mid-2016 as the German Account Manager and then climbed the corporate ladder to hold the position of Chief Sales Officer before her departure.

Georgiadou was another long-time BDSwiss employee who separated after almost six years. Morfakis also exited from BDSwiss’ Cyprus office and was the Global Head of Sales for about two years.

BDSwiss Is Facing Withdrawal Issues

Another interesting development is that the Trustpilot page of BDSwiss has received a wave of negative reviews in the last few days. All the complaints are about withdrawal issues traders were facing on the brokerage platform.

Out of the 36 reviews of BDSwiss on Trustpilot in the last 30 days, 31 were negative and related to withdrawal issues.

“It’s been more than a week that I’ve been waiting for a withdrawal. The only thing that support says is, ‘Sorry for the inconvenience, we are processing your withdrawal, we are having technical difficulties,’” one trader from Bolivia wrote on Trustpilot. “You are not a serious broker.”

Another trader from Nigeria wrote: “I think BDSwiss is about to fold up anytime soon because most of the affiliate managers that work with them no longer pick up their calls nor respond to messages.”

Screenshot of a recent BDSwiss review on Trustpilot

BDSwiss continued in its statement: “The industry has been facing challenges in recent months and only the most competitive brokers will survive. As part of its restructuring process, BDSwiss has experienced difficulties with delayed payments and withdrawals. However, all issues are being reviewed and will be resolved. We expect to share further positive news in the near future”.

Contact information:

Website: https://www.financemagnates.com/tag/bdswiss/

https://www.financemagnates.com/executives/moves/exclusive-mass-exodus-and-withdrawal-issues-as-bdswiss-claims-restructuring/



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Press Release

Blue17 Vintage Clothing Celebrates 30 Years of Style and Sustainability

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8 hours ago

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January 8, 2025

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London, UK – Blue17 Vintage Clothing is proud to announce its 30th anniversary, marking three decades of serving vintage fashion enthusiasts from its iconic location at 162 Holloway Road, London, N7 8DD. Since opening its doors on 21 December 1994, Blue17 has become a beloved fixture in the community, blending timeless style with a commitment to sustainability.

Over the past 30 years, Blue17 has weathered changes in the fashion industry and the dynamic transformation of the Holloway Road area. What began as a small vintage store has become a haven for those seeking unique, high-quality garments with a story. The store remains dedicated to curating clothing that transcends trends while embracing sustainable shopping practices—a vision that resonates now more than ever.

“Our journey has been about more than just fashion; it’s about community and creativity,” said John Scott, Founder of 21st Century Retro Ltd /Blue17 vintage clothing. “As we reflect on the last 30 years, we’re incredibly grateful to our customers, staff, and the Holloway Road neighborhood for making Blue17 what it is today. This milestone celebrates all of us.”

What to Expect in 2025

As part of its anniversary celebration, Blue17 Vintage Clothing is hosting a series of exciting initiatives:

  • Exclusive Anniversary Collection: A handpicked selection of the best vintage pieces from the past three decades.
  • Customer Appreciation Campaign: Special discounts and giveaways to thank loyal patrons.

Why It Matters

In a fast-fashion world, Blue17 Vintage Clothing is a testament to the enduring appeal of sustainable and meaningful fashion. Each piece sold at Blue17 carries a history, offering customers a chance to express themselves while making eco-conscious choices. The store’s evolution mirrors the changing tides of Holloway Road, from its eclectic roots to its vibrant present.

Call to Action

Blue17 invites everyone—long-time customers, new visitors, and vintage fashion lovers alike—to join the celebration. Visit the 162 Holloway Road, London, N7 8DD store, explore the exclusive anniversary collection, and share in the journey that has made Blue17 a community cornerstone.

Contact Information

For more details about the 30th-anniversary celebration, please contact:

Email: info@blue17.co.uk

Website: blue17.co.uk@gmail.com

Contact Details: 0207 700 2354

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Press Release

Spotlight Athletic Development Launches Premier Training Programs for Junior High and High School Athletes in Sherwood Park and Edmonton Area

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8 hours ago

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January 8, 2025

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Sherwood Park, Alberta, Canada — Spotlight Athletic Development, a leading name in personalized and group training, has announced its specialized programs designed to empower junior high and high school athletes in the Sherwood Park and Edmonton area. Offering a range of services including personal training, group training, weightlifting, and volleyball-focused athletic training, the facility is committed to helping young athletes achieve their full potential.

With its state-of-the-art location at 135-3001 Buckingham Drive, Sherwood Park, Alberta, Spotlight Athletic Development provides a supportive and dynamic environment for athletic growth. Founded on the principle of tailored coaching, the training programs address individual needs and group dynamics to build strength, agility, and confidence in young athletes.

A Holistic Approach to Athletic Training

“At Spotlight Athletic Development, we understand the unique physical and mental demands placed on athletes, particularly during their formative years,” said Jonah Karsten, founder and lead trainer. “Our mission is to equip young athletes with the tools they need to excel in their sport and beyond through cutting-edge techniques and personalized attention.”

Spotlight Athletic Development offers specialized programs designed to cater to a variety of needs:

  • Personal Training: One-on-one sessions tailored to each athlete’s strengths, weaknesses, and goals.
  • Group Training: Small group training sessions fostering teamwork, camaraderie, and competition.
  • Weightlifting: Professional guidance to enhance strength, power, and endurance safely.
  • Volleyball Training: Expert coaching to improve volleyball-specific skills, coordination, and game strategy.

Targeting Athletes in Sherwood Park and the Edmonton Area

The programs are ideal for junior high and high school athletes in Sherwood Park and the greater Edmonton area. By focusing on this demographic, Spotlight Athletic Development seeks to fill a critical gap in youth athletic training, providing resources that prepare athletes for success in competitive sports and personal fitness.

“Spotlight Athletic Development isn’t just about creating better athletes—it’s about fostering personal growth, confidence, and discipline,” added Jonah Karsten.

A Hub for Volleyball Training in Sherwood Park

One of Spotlight Athletic Development’s standout offerings is its specialized volleyball training program. Designed for players looking to sharpen their skills on the court, the program focuses on technical development, agility, and strategic thinking. From beginners to advanced athletes, the volleyball training curriculum ensures that every participant receives the attention needed to elevate their game.

Why Choose Spotlight Athletic Development?

Spotlight Athletic Development stands out for its commitment to:

  • Customized Training: Programs are tailored to the unique needs of each athlete.
  • Experienced Coaches: Trainers bring years of expertise in sports performance and youth development.
  • Community Focus: As a local business, the facility is dedicated to the success of Sherwood Park and Edmonton’s young athletes.
  • State-of-the-Art Facility: The training center is equipped with top-tier equipment and a safe, welcoming atmosphere for athletes of all levels.

Book Your Training Session Today

Athletes and parents interested in enhancing their athletic skills can contact Spotlight Athletic Development at 780-720-3917 or email info@spotlightathleticdevelopment.com. Visit their website at spotlightathleticdevelopment.com to learn more about available programs and book a consultation.

Whether you’re looking to gain a competitive edge on the court, improve overall fitness, or build strength and endurance, Spotlight Athletic Development is the go-to destination for athletic training in Sherwood Park and the Edmonton area.

About Spotlight Athletic Development

Spotlight Athletic Development is a premier training facility specializing in personal training, group training, weightlifting, and volleyball-specific athletic training. Located in Sherwood Park, Alberta, the facility is committed to empowering junior high and high school athletes to excel in sports and life.

Media Contact:

Jonah Karsten

Founder, Spotlight Athletic Development

Phone: 780-720-3917

Email: info@spotlightathleticdevelopment.com

Address: 135-3001 Buckingham Drive, Sherwood Park, Alberta, Canada

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Press Release

Sends announced their plan to launch a virtual debit card in 2025

Published

8 hours ago

on

January 8, 2025

By

In 2025, Sends customers will be able to use a virtual debit card for online payments. A virtual card functions like a regular payment card, with one key difference: it does not have a physical form.

Sends expands the functionality, allowing users to generate virtual cards in the system. Virtual cards are designed for all online payments and are particularly suitable for subscription services like Spotify, Netflix, and other entertainment platforms. They can be used to pay for car rentals, hotels, and transportation. You can also make purchases online and through apps. The cards are issued in collaboration with Mastercard.

Sends cards are linked to the user’s account and include a 16-digit card number, expiration date, and CVV. In addition to the card details, the user has an IBAN and can easily share bank account details with others.

There are plans to connect Sends cards to online wallets and enable payments using mobile services like Google Pay and Apple Pay. The implementation of this feature is scheduled for launch by the end of 2025 or possibly next year.

Shop online with confidence, knowing your security is protected. Physical cards can be misplaced, so be careful when using them. However, with the Sends application, you can easily lock your card anytime.

To get more details, keep in touch with Sends on social media: LinkedIn, and Instagram. 

In December, Sends launched a special promotion for businesses, offering a unique opportunity to access their service for free. For more details, visit the promotion page. Activate your Business account by December 31, 2024, and receive three months of free subscription.

 *Sends is a trade name of SMARTFLOW PAYMENTS LIMITED.

SMARTFLOW PAYMENTS LIMITED is registered in England and Wales 

Company number 11070048.

Contact:

Anastasiia Pervushyna

Address: Office 39.18, Level39, One Canada Square, London, England, E14 5AB

Marketing Department contacts: pr@sends.co

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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