RVD Markets files for bankruptcy
Registered in the British Virgin Islands RVD Markets has filed for bankruptcy after lgoing broke over the SNB Swiss franc cap removal
All accounts have been suspended and the website now just has a statement
The RVD Markets LTD company announces the initialization procedure of bankruptcy.
Due to unsuccessful hedge operations at the beginning of calendar year on collapse Euro to Swiss franc practically all funds segregated for clearing positions of clients on accounts at liquidity providers were exhausted. We made a desperate attempt to regroup clearing operations on the basis of internal overlapping positions of customers and and searching third-party investments for reanimation company.In view of the bankruptcies of numerous broker companies, the trust of private investors fell to the critical level, thus was formed a negative balance of deposits-withdrawals on trading accounts of company clients.The situation was compounded by the blocking of the accounts of the company in a number of banks with with freezing of assets for an indefinite term. So as an attempt to attract private investors to stabilize the activity of the company was not successful, it does not make sense to continue catastrophically unprofitable activity of the RVD Markets company.
Trading will be suspended with closing markets on world time as well as blocking deposits on trading accounts of clients.
It will be defined sequences of payments to clients after completion of procedure of bankruptcy, unblocking holds of funds in payment systems and banks and realization of liabilities of the company in the form of the software
Thanks to all clients for their trust and we are sorry for the situation.
support@rvdmarkets.com
I don't know anything about this lot but they are fairly new and don't have the greatest reviews on various sites
It's always 'important to throroughly research a broker before you deposit funds. We also have a list of brokers on our broker page
Thanks to @vdoske for the link
