⚠️ Broker Alert
What You Should Know Before You Trade.
At RebateTraderX, your safety and trust come first. This page highlights brokers with verified trader complaints, compliance concerns, or regulatory actions. Every alert here is based on facts.
Our research team reviews reports from:
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Official regulator warnings (FCA, ASIC, CySEC, FSCA, etc.)
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Public financial records & broker disclosures
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Verified trader feedback and complaint history
Before trading or funding any account, always perform your own due diligence and confirm the broker’s regulatory status. Transparency keeps traders safe. Stay informed, stay smart, and trade with confidence.
Below is a concise overview of the primary compliance and service‑quality issues identified for BDSwiss, each supported by publicly available sources:
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BCSC “Caution” Notice in Canada
In 2021, the British Columbia Securities Commission (BCSC) added BDS Ltd. (part of the BDSwiss group) to its Investment Caution List, warning that the firm was not registered to trade or advise on securities or derivatives in British Columbia. Canadian residents were urged to exercise caution when dealing with it BC Services Card -
BaFin Warning on Offshore Entity
On March 1, 2022, Germany’s Federal Financial Supervisory Authority (BaFin) published a consumer notice clarifying that BDS Markets (also trading as BDSwiss Markets), located at 6th Floor, Tower 1, Nexteracom Building, 72201 Ebène, Mauritius, is not authorized under the German Banking Act (KWG) to conduct banking business or provide financial services in Germany. Retail clients dealing with this entity may be exposed to unregulated activities BaFin.de -
CySEC Withdrawal of Viverno Markets License
On May 9, 2025, Cyprus’s CySEC revoked the CIF licence of Viverno Markets Ltd., BDSwiss’s B2B service unit, after finding it had not provided investment services for over six months. Clients were instructed to be aware that fund‑return mechanisms and complaint processes might be affected Finance Magnates -
Ongoing Withdrawal Delays & “Technical Issues”
Throughout late 2024, numerous traders reported prolonged withdrawal delays—sometimes weeks—despite assurances of “technical issues.” BrokersView’s November 2024 report noted these delays persisted, causing clients financial losses and prompting some to seek compensation BrokersView
Recommendation for Traders:
Although BDSwiss holds multiple licences (Mauritius FSC, Seychelles FSA, and others), these regulatory notices and withdrawal complaints suggest you should:
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Verify your chosen entity’s licence status on the relevant regulator’s website.
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Start with a small deposit and test the withdrawal process yourself.
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Document any issues and consider filing a formal complaint with the applicable regulator if delays or disputes arise.
Unresolved Complaints & Fraud Allegations
Forums and industry watchdogs have documented several serious grievances against AximTrade, suggesting its dispute‑resolution process may be unresponsive:
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Trade Cancelations & Profit Deletions
On Forex Peace Army, a trader reported depositing $1,550, earning $1,011 profit, and then having all profits voided—allegedly due to “same‑device” rules—while losing none of the losing trades Forex Peace Army. -
Extended Withdrawal Delays
BrokersView documented that clients waited more than two weeks for withdrawals, only to be met with generic “processing” responses and no resolution—despite repeated follow‑ups BrokersView. -
Additional Scam Allegations
Further Forex Peace Army threads describe systematic refusals to honor profitable withdrawals, with support requests going unanswered—indicating a pattern of unresolved complaints and potential misconduct Forex Peace Army.
Recommendation for Traders:
Given these reports, traders should exercise extreme caution: verify any claimed regulation directly with the issuing authority, start with minimal deposits, and document every withdrawal attempt—escalating to the relevant regulator if issues persist.
How We Verify Alerts:
We follow a transparent and unbiased verification process:
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Receive Reports
– Traders or community members submit complaints or suspicious activity. -
Initial Screening
– Our research team checks public data, licenses, and broker communications. -
Cross-Reference
– Confirm information against official regulator databases (FCA, ASIC, FSCA, etc.). -
Publish Findings
– Only verified and evidence-based alerts are published. -
Re-Evaluate Regularly
– Alerts are updated or removed if the issue is resolved or disproved.
Our goal is not to destroy reputations — but to protect traders from potential harm.