BDSwiss Review 2023: Fees, Features, Pros & Cons!
Understanding BDSwiss
BDSwiss is an international brokerage firm established in 2012 in Zurich, and it offered only Forex and CFD trading back then. BDSwiss quickly approached Markets and became one of the largest trading groups. A BDSwiss review by any expert will mention the number of clients BDSwiss has, as it says everything you need to know about its popularity and trading success. BDSwiss has more than 1.5 million clients from over 186 countries and serves as an exclusive Member club with more than 1.5 million traders. BDSwiss also won the Best Spreads and trading conditions award at International Investor Award in 2022.
BDSwiss Overview
| Official Website | https://global.bdswiss.com/ |
| Headquarters | Limassol, Cyprus |
| Founded Year | 2012 |
| Regulated | Yes |
| Product Offered | Forex, Stocks, Cryptos, Indices, Commodities |
| Minimum Initial Deposit | 100 EUR/GBP/USD |
| Maximum Leverage | 1:500 |
| Islamic Accounts | Yes |
| Demo Account | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Trading fees | Depends on the Account Types |
| Inactivity fee | Yes |
| Withdrawal fee | Depends on the Payment Methods |
| Supported currencies | USD, GBP, and EUR |
| Customer Support | 24/5 Multilingual Support, Email, Phone, Live Chat, & Help Centre |
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Since the approach of the company establishment comes from Switzerland, its strong basis is confirmed by the great environment the company built. And ever since providing online trading services as a worldwide operating group with its headquarters in Limassol – Cyprus, and established offices in Berlin – Germany, Kuala Lumpur – Malaysia, Tirana – Albania, Pristina – Kosovo.
Features of BDSwiss
As per the BDSwiss reviews, it offers the following features:-
Brokerage
BDSwiss is a brokerage firm that is regulated by Swiss and other authorities. It provides online services throughout the world. CFD trading is something they delve into. CFD they have a wide range of financial instruments.
Trading
BDSwiss team mainstays at the popular choice of MetaTrader4 platform offer software solutions, which is a comprehensive trading feature. However, the Forex trading platform is different and much more advanced. You could compare it to MetaTrader 4(MT4) with loads of indicators, technical tools, & many more settings that help ease up traders’ journey.
BDSwiss offers trading on a range of assets. Every BDSwiss review finds it commendable.
The trade types can be broken down into Forex Cryptocurrencies CFDs, Trading Software, and Features BDSwiss Payouts will vary based on the performance of the underlying asset. BDS review is deemed to be positive when it has such a range.
Safety
BDSwiss maintains the security of funds along with client protection in multiple ways that ensure a safe trading environment and investors’ legal compliance.
It is a fact that you are always protected as long as the broker is regulated by the regulations which BDSwiss maintains remarkably well.
Leverage
There are higher levels of trading leverage that are provided by BDSwiss; it goes up to 1:500. The trade varies a lot because of the wide range BDSwiss maintains. BDSwiss review finds BDSwiss an online forex broker. Forex trading carries a high level of risk and may not be suitable for all investors. Risk Warning: CFDs on shares in CFD trading have complex instruments; due to leverage, retail investor accounts lose money. BDSwiss offers a number of assets to be traded on MetaTrader 4, MetaTrader 5, BDSwiss web trader, and the BDSwiss mobile app. Assets including forex pairs, indices, equities, commodities, cryptocurrencies. Binary options trade is also a high-risk investment tool. It may not be suitable for every investor.
Social Media Spread
BDSwiss trading name of BDSwiss holding Ltd. BDSwiss Holding LTD Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus is spread almost everywhere on social media, making it more accessible for the customers for trade as well as for feedback. They can share their thoughts and listen and read what others have to say when they reply about things that are of interest to them in trade. The list of options of the website goes like this:-
- Share
- Contact Us
- Help
- Terms
- Privacy
- Advertise
- Forex
- About
- Team
- Blog
- Youtube
- Advertisers
- User Reviews & Ratings
Account Types
BDSwiss brokers provide three main account types, Classic account, VIP account, and Raw account. These account types were created to cater to different sizes of trade differently. All account types cater to their individual size domain and are provided with specified features.
Services Offered by BDSwiss
According to the many BDSwiss reviews, the brokers offers the following services:-
Brokerage
BDSwiss brokers provide highly regulated brokerage services, throughout the world, including the US. Its regulation can easily become an anomaly. BDSwiss offers a number of assets to be traded on MetaTrader 4(MT4), MetaTrader 5, BDSwiss web trader, and its mobile app. Assets / Markets You can trade a variety of asset classes at BDSwiss, including Forex, commodities, indices, shares, and cryptocurrencies.
Diverse Trading Platforms of BDSwiss
Web Trading
The Proprietary Web trader of BDSwiss is completely based online. An uncluttered and clean view of the interface makes trade easier. Moreover, the website has powerful analytical and graphical depictions of the ups and downs of the trade, which makes sure that the assessment becomes more comprehensive. Assets are traded like assets including Forex pairs, indices, equities, commodities, cryptocurrencies.
Mobile Trading Platform
BDSwiss brokers have their own mobile app as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, you may perform analysis even on the go, check on the open positions, manage them and access your account management with a trading app. Free Signals BDSwiss offers clients free trading alerts.
Desktop Trading
BDSwiss offers versions of both Metatrader4 and MetaTrader5 suited to various devices including PC, Mac, App, or Web platforms that require no installations. Yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders.
Forex trading carries a high level of risk and may not be suitable for all investors. Risk Warning: CFDs on shares are complex instruments, due to which leverage retail investor accounts lose money, instruments of CFD trading have a wide range. Binary options trade is also a high-risk investment tool. It may not be suitable for every investor.
So many traders choose Metatrader 4 (MT4), as the platform is simply good with its charting capabilities, a range of tools, and what is more pleasant a vast number of add-ons that are available on the market and make the trading process a pleasant one. Metatrader 5 (MT5) being a newer version has gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals. Moreover, there are plenty of strategies to choose from that are useful for every trader, novice, or experienced one either with manual trading or automated trading through EAs.
Education
By maintaining optimum support and assistance, refined products, and full transparency, the BDSwiss also educates its clients through its Academy. Educational resources covering useful information on how to operate in capital and markets, develop own trading strategy with accredited courses and webinars.
Together with comprehensive education materials provided by Forex Courses, defined by the level of expertise, Webinars, and Seminars. Moreover, the broker offers Daily Webinars, which is an incredible opportunity for all the traders (and especially for the beginners) to expand their Forex knowledge.
You will also access useful information with market alerts, trading information, and analysis through its established BDSwiss Blog, which is definitely good and necessary for any trader, especially beginners. Proper education guarantees a client will be able to review data online in a better way before investing.
Links to financial media, and access to live education through daily webinars hosted by experts. Research & Analysis Trading Academy Competitive Conditions & Ultra-Fast Execution Access the financial markets with an account catered to customers’ needs and benefit from competitive conditions and exceptional execution speeds.
Research
Also, BDSwiss offers great research tools and charting tools for market research and supporting traders with unique materials making you a better trader. Besides general and popular tools like Economic Calendars, good quality market Analysis, and market research provided by the BDSwiss Analyst team, there is also access to Authochartist and Trading Alerts available to all clients. Coherent research allows the data review online to be more comprehensive.
There is also another amazing and helpful tool that can be found in the BDSwiss Research Portal – Daily Market Analysis, which provides 24/5 market coverage and leading financial commentary through daily previews, video briefs, and special reports along with trading alerts. A brief summary of the main research and tools available are given below:-
Daily Market Analysis
Latest market events covering currencies, equity, and commodity markets as well as global economic events.
Technical Analysis
Price chart analysis on currency, equity, and commodity markets comprises technical analysis.
Daily Videos
Video courses, analysis videos, and insightful webinars, hosted by BDSwiss’ professional analysts and traders.
Weekly Outlook
It Covers economic news and events of the past and coming week.
Market Insights
Articles that cover the latest, however, the level of depth in the research tool is dependent on the client portfolio or account types, like VIP account and Raw account holders, which will benefit from deeper research materials including Exclusive Webinars, Performance Stats, VIP Trading Alerts with the whole account.
Is BDSwiss Regulated?
BDSwiss is a trading name of BDSwiss Holdings Ltd., which is a company incorporated under the laws of Cyprus which also holds a Cyprus Securities and Exchange Commission license to provide its legal financial and trading services. As a state member of the EU, the Cyprus regulation fully complies regarding the provision of investment services with the European MiFID and MiFID II Directives designed to deliver a safe trading environment and control the operation of capital and markets itself.
Also, the BDSwiss team being a holding serves entities in Cyprus, Germany, and other offices where it is all authorized to deliver trading opportunities. Holding customers for every client account, traders of any skill level or degree of expertise can gain easy access to asset classes and tools, all of which are designed to deliver a superior trading experience.
BDSwiss team is eligible to provide services within the EEA zone and is a regulated broker, while the local authorities registered the company in their records of accomplishment or in simply allowing them to conduct offerings legally due to the broker’s records.
Other operational offices of BDSwiss are in attractive offshore zones, Mauritius and Seychelles, registered by the Mauritius Financial Services Commission (FSC), and FSA BDS Ltd are authorized and regulated by the Financial Services Authority. Please review the policies regarding the regulation. The review of policies you took is deemed authorized and regulated by the Financial Conduct Authority. CySec BDSwiss is a member of the investor compensation fund: “This fund is a private legal entity, which will compensate client’s non-invested capital up to €20,000 in the event of the company’s liquidation.”
BDSwiss Review: Pros and Cons
| Pros | Cons |
| BDSwiss is spread online and through BDSwiss mobile app trading throughout the world including the US. | BDSwiss has heavily regulated broker service with Swiss banking licenses thus restricting the freedoms of investors to move about freely. |
| BDSwiss is known to be user-friendly because of being easy to deal with and has high accessibility. | BDSwiss depends too much on entities and instruments are limited to Stocks, Commodities, Forex, Metals, Indices, Cryptocurrencies, ETFs only. |
| The minimum deposit at BDSwiss is 100 $ whereas others keep the minimum deposit to the range of 500 $ whatever trading conditions may be. | BDSwiss is regulated in three countries, holds the following regulatory licenses. Cyprus: Cyprus Securities and Exchange Commission (CySEC),199/13 Mauritius: Financial Services Commission(FSC) Mauritius, C116016172 United States: National Futures Association(NFA), 0486419. Over-regulation of BDSwiss can limit a company in many ways. |
| You can trade Cryptocurrencies based on CFDs also with quite good costs at BDSwiss. | BDSwiss doesn’t allow hedging. |
Trading Account: How to Open a BDSwiss Account?
As per the BDSwiss review, follow the below steps for a smooth trading experience:-
- Load BDSwiss Sign In page. You may also sign with an existing account on Facebook or Google.
- Enter your personal data (name, email, phone number, etc).
- Upload your documents to verify the account. It is a legal procedure to check proof of your residence, through a utility bill, your ID, or similar.
- Complete a questionnaire about your trading experience and expectations.
- Once your account is activated you will get access to your account area.
- Next, once you learn all risks and benefits involved, you may proceed with funding.
- Almost instantly you will be able to start trading through BDSwiss platforms.
Types of BDSwiss Accounts
Currently, BDSwiss offers three main account types which are Classic, Vip, and Raw, catering to the needs of different Forex traders through lower costs according to trade sizes and advanced services once size increases. While Classic and Vip accounts are based on a spread-only model, the Raw account features interbank spreads and commission charges per lot. There are over 1.5+ million registered accounts on the platform.
When opening your BDSwiss account types there is an option to choose the desired base currency through the selection between the EUR (€), USD ($), and the British Pound (£), which is definitely great as it means you will not be charged for currency (EUR, USD) conversion, while the trading account balance can’t fall below zero due to the applied negative balance protection.
BDSwiss also offers a Forex or CFDs on shares “Demo Account” that is free of capital risk environment allowing either to learn or practice strategies, check the trading conditions before the live trading account is active, which is very necessary for your better understanding and so demo account holders don’t have to go through the high risk of losing. Binary options when one trades is also a high-risk investment tool. It may not be suitable for every investor.
Demo Account
Newcomers seeking more experience are also welcome to the platform thanks to demo accounts. Demo account can begin at a low starting minimum deposit amount, moreover extensive educational courses are available through the Trading Academy and even daily webinars are designed to keep traders and demo account holders informed of daily changes in capital and market condition. Beginner demo account holders come to know about things or two about BDSwiss trading through the same. Demo accounts are free of capital risk so demo account holders don’t have to go through the high risk of losing because of low deposits. Binary options trading is also a high-risk investment tool. It may not be suitable for every investor. For the demo account, you need to register and contact your account manager in order to have demo funds added.
BDSwiss Leverage
When we check the leverage margin of other trading platforms we see that the minimum leverage margin goes down to 1:300 yet BDSwiss goes as high as 1:500, as their margin helps traders to look forward to fine trades they are encouraged to deal with.
BDSwiss Spread
If your trade size is bigger and the one who prefers a commission basis then Raw Account is your choice. The Raw account offers an interbank spread and commission paid per transaction opening which is 5$. BDSwiss Classic and VIP account fees are all included in the spreads and commissions charged when conducting trade of commodities and cryptos etc. and vary according to the account type you select.
For further analysis of the same, check below the comparison on most popular assets applicable to the BDSwiss Classic Account type, while the broker himself mentions that Classis spreads in pip are starting from 1.5 pip and VIP feature lower conditions with a spread from 1.1 pip. Also, you may compare BDSwiss fees to its peer XMtrading and other popular brokers listed and have BDSwiss review consequently before jumping to any conclusions.
BDSwiss Trading Instruments
At BDSwiss you may choose from leading Shares, Indices, Forex, Commodities, and Cryptocurrencies based on CFDs and ETFs on shares. BDSwiss provides access to seamless trading through a great range of 250+ underlying assets such as commodities and cryptocurrency.
Therefore, with access to most liquid capital and popular markets, you may choose the desired and most understanding instrument according to your trading need and use BDSwiss user-friendly portal to benefit from trading as opposed to many other trading platforms.
Cryptocurrencies Trade
You can trade Cryptocurrencies based on CFDs also with quite good costs. The trading costs of CFDs on shares and account types are among the average in BDSwiss offering, along with the range of tools that bring powerful portfolio features and a possibility to trade popular Cryptocurrencies through CFDs. Commissions & Spreads “Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based.” Market conditions and competition with other forex brokers trading platforms can’t hinder the value overall.
In addition, the company runs an active blog and community of traders, which allows sharing the user experience to get better knowledge about the capital, markets, and trading itself. So the conclusion comes to the point of a quality BDSwiss offering that may suit either beginning traders or even seasoned professional traders.
BDSwiss Fees
For full BDSwiss pricing including funding fees and Administrative fees for non-use accounts viz inactivity fees, see the table below, it will give you an idea of fee structure.BDSwiss trading fees are extensively based on spreads, for each underlying asset you will be charged for and for your usual applicable spread will be found, while the rollover for short and long positions is also an additional charge if you held positions overnight, as well as the margin requirement.
Commissions & Spreads “Trading with BDSwiss vary, depending on trading accounts type and the market traded, with some commission-free and some commission-based.” BDSwiss does not charge any fees on credit cards/debit cards and electronic wallet deposits as well, yet may vary from entity rules of deposit to another.
Deposit Options
BDSwiss brokers platform works with different kinds of payment service providers which makes it applicable to cover a wide range of different deposit methods around multiple countries.
A payment method needs to be universal so that you can use it for the transfer of money. The payment method that is carried out on BDSwiss varies, here are some of the payment methods:-
- Money transfer through Credit cards or debit cards.
- Money transfer through Bank transfer/wire transfer.
- Money transfer through Sofortüberweisung.
- Skrill, iDEal, EPS, giropay, and many more.
The min deposit for the BDSwiss platform is 100 $ which is less than most brokers online that costs around 500 $. There isn’t a trading platform with a lesser min deposit. Commissions & Spreads “Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based.”
Withdrawal Options
While the minimum withdrawal amount at the BDSwiss platform is $100, in most cases the withdrawals are processed free of charge so the withdrawal fees are nil. Yet in case you would like to withdraw profits less than the mentioned amount the broker may add on a fixed processing fee of 10$. BDSwiss platform arranges withdrawal options with a good range of supported payment methods.
As the broker mentions it is always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed.
It is important to always give additional days for one’s payment to proceed with the transaction once it is already confirmed and done by BDSwiss.
One is supposed to log in to one’s Client Portal and submits a withdrawal request by following the required procedure. Commissions & Spreads “Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based.”
BDSwiss Security Measures
In a BDSwiss review as broker experts always talk about how BDSwiss trading platform is a secure platform as it is highly regulated and we must admit that one is always protected as long as the broker is regulated by the regulations. Moreover, the BDSwiss is registered with U.S. authority NFA as a member and an introducing company – BDSwiss LLC – authorized by NFA (U.S.) registration no. 0486419
BDSwiss Customer Service
BDSwiss brokers have multilingual customer support which is unique and great for its overseas clients. Group companies include BDSwiss Holding plc, BDSwiss LLC, BDS Markets, and BDSwiss GmbH. Business affiliates are known as partners and can access a variety of services, additional knowledge base, and community forum directly on the platform. Trading Platform The BDSwiss site defaults to the English language, however, international clients can opt to use the sites in multiple languages. Languages from different regions find their place here.
Customers of different languages can also work easily on the website finding their languages by search. Customer support is a service that a trader requires daily, available on a very sustainable and professional level here, and has been successful in answering customers’ complaints. Even though you can Live Chat, Phone, email address, and help center within working hours 24/5 at BDSwiss trading platform one still remains happy with its customer support team and its quality level.
BDSwiss Review: Conclusion
BDSwiss managed to excel at a much faster pace than its contemporaries. It managed to increase its client portfolio to over a million customers. Its widespread customer base, which springs from easy use for the trading interface and genius customer support with minimum charges, is bound to increase with time and most of the trading business, and this fx online brokers will obviously show positive growth because of that.
They have stable trading conditions and a global proposal suited to worldwide clients. Industry experts like it that the BDSwiss broker relies on Swiss expertise in finance and provides an opportunity to engage in trading to almost any resident, due to their regulation by the EU authority and other additional registrations.
FAQs
Is BDSwiss Legal?
Can You Get Scammed on BDSwiss?
How Long Does It Take to Withdraw from BDSwiss?
What Is the Min Deposit for BDSwiss?
Is the BDSwiss Trading Platform Good for Beginners?
What Is the Minimum Withdrawal Amount from a BDSwiss Account? Does BDSwiss Charge Trading Fees for Withdrawals?
Commissions & Spreads Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based. That being said, please note that a 10 EUR fee will apply to any bank wire withdrawals under 100 EUR and any other withdrawals amounting to 20 EUR or less. For bank transfers via wire transfer international payments from a bank account, the minimum withdrawal amount is 50 EUR after the deduction of the 10 EUR basic fee. For SEPA transfers there is a minimum withdrawal amount of 5 EUR after the deduction of the 10 EUR basic fee.