BDSwiss Review (2023)

What is BDSwiss?

BDSwiss is an international brokerage firm established in 2012, which fastly approached Markets and became one of the largest trading groups. The current clients’ base of BDSwiss counting more than a 1.5 million registered clients from over 186 countries, as well as serving exclusive Member club that has more than 1.5 million traders.

Since the approach of the company establishment comes from Switzerland, its strong basis confirmed by the great environment 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.

BDSwiss Pros and Cons

BDSwiss has good reputation and user friendly trading conditions, there is good choice between trading platforms, account opening is fast and customer service is great quality with education and research tools.

On the other hand, BDSwiss trading proposal depends on the entity and instruments are limited to Forex and CFDs.

10 Points Summary

Awards

BDSwiss has earned not only great reviews from world trading community but also numerous industry awards for its successful operation and trading technology they heavily invest in. BDSwiss was rewarded and recognized for its excellent service and trading technology confirming its sustainable trading conditions and also very much recognizing its Trading App along with Trade Execution:

• 2020 BEST PARTNERSHIP PROGRAM ASIA Global Banking & Finance Awards
• 2020 BEST MARKET RESEARCH PROVIDER FxScouts Awards
• 2021 BEST MOBILE TRADING PLATFORM EUROPE Global Banking & Finance Awards
• 2021 BEST FX RESEARCH & EDUCATION PROVIDER World Finance Awards
• 2021 BEST MARKET RESEARCH PROVIDER FxScouts Awards

Yet, more of the detail you will see further in our BDSwiss Review so that you’re able to verify so.

Is BDSwiss safe or a scam

Is BDSwiss a regulated broker?

BDSwiss operation offices located in attractive offshore zones Mauritius and Seychelles, which is registered by the Mauritius Financial Services Commission (FSC) and all in all enhance the broker’s possibility to offer its service to various residents globally.

However, as we always recommend check on the regulation carefully and never sign in with an only offshore registered broker (read more why avoid trading with offshore brokers).

How are you protected?

According to the regulation, the security of funds along with the client protection delivered 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.

Leverage

Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe.

BDSwiss offers its traders the option to use higher leverage, enabling them to gain a much larger exposure with relatively little capital. BDSwiss clients under the FSA and FSC regulation can trade with a maximum leverage of 1:1000.

For the most accurate data check on the official BDSwiss platform and verify its allowance with your residual status, also make sure to check each instrument separately as it varies according to the asset as well.

Account types

BDSwiss offers three account types which are Classic, Vip and Raw, created to cater to the needs of different Forex traders through lower costs according to trading sizes and advanced services once size increase. While Classic and Vip account are based on spread only model, Raw account features interbank spreads and commission charge per lot.

Under its FSC regulated entity BDS Markets, BDSwiss also offers Premium account.

There is also one more account, StockPlus Account, available only under FSC. BDSwiss’ StockPlus account enables BDSwiss clients to build a diversified portfolio with over 1000+ world-leading stocks and ETFs. The account features 0% commissions for unleveraged investing in stocks and the option to use up to 1:5 leverage to trade stocks and ETFs at DMA.

When opening your trading account there is an option to choose the desired base currency through the selection between the Euro (€), US Dollar ($) and the British Pound (£), which is definitely great as it means you will not be charged for currency conversion, while the account balance can’t fall below zero due to the applied negative balance protection.

Demo Account

BDSwiss also does offer a Forex or CFD “Demo Account” and gives new traders the opportunity to put their skills to the test on free Demo accounts with adjustable virtual balances of up to 1,000,000€/$/£. BDSwiss clients can open any type of account offered by BDSwiss including Classic, Raw, VIP, Premium (under FSC only) and Cent (underFSC only) as a Demo Account and test the tools, conditions and spreads offered.

How to open an Account?

1. Load BDSwiss Sign In page.
2. Enter your personal data (Name, email, phone number, etc)
3. Upload your documents to verify the account. It is a legal procedure to check proof of your residents, through utility bill, your ID or similar.
4. Complete questioner about your trading experience and expectations
5. Once your account is activated you will get access to your account area.
6. Next, once you learn all risks and benefits involved, you may proceed with funding.
7. Almost instantly you will be able to start trading through BDSwiss platforms.

Fees

BDSwiss trading fees are mainly based on as spreads, for each underlying asset you will be charged for we will find the usual applicable spread, while the rollover for short and long positions is also additional charge if you held positions overnight, as well as the margin requirement. Full BDSwiss pricing including funding fees and Administration fee for non-use account, see the table below.

Spreads

BDSwiss Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select. If you are a trader of bigger size and the one prefer commission basis then Raw Account is your choice. The Raw account offers an interbank spread averaging 0.3 for EURUSD and commission paid per transaction opening which is 5$.

To get a closer look, check below the comparison on most popular assets applicable to the BDSwiss Classic Account type, while the broker himself mentions that Classis spread are starting from 1.5 pips and VIP feature lower conditions with a spread from 1.1 pip.  Also, you may compare BDSwiss fees to its peer BlackBull markets and other popular brokers listed below.

Snapshot of BDSwiss spreads

Trading Instruments

BDSwiss provides access to seamless trading through the great range of 250+ underlying assets, while you may choose from leading Indices, Forex, Commodities and Cryptocurrencies based on CFDs. However, range of instruments depending on the account type or BDSwiss entity you use.

Therefore, with access to most liquid 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.

Can I trade Cryptocurrencies?

Yes, you can trade Cryptocurrencies based on CFDs also with quite good costs.

Funding Methods

BDSwiss works with a variety of payment service providers that ensure your possibility to cover a wide range of deposit methods in a particular country.

BDSwiss clients can choose their preferred deposit method right before they fund their accounts and enjoy $0 fees on all deposits. BDSwiss accepts introductory deposits, and processes withdrawals, in the form of instant transfer, bank transfer or credit card transaction, with outgoing credit card payments typically taking between two to seven business days to process.

Deposit methods

The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well.

• credit cards
• bank transfers
• Sofortüberweisung
• Skrill, iDEal, EPS, giropay, and many more

BDSwiss Minimum deposit

BDSwiss minimum deposit is 100$ for Classic account, which is an attractive opportunity to many traders for a Classic account. Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits as well.

BDSwiss minimum deposit vs other brokers

Withdrawals

BDSwiss arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount is $100, in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$.

How long does it take to withdraw money from BDSwiss?

As the broker mentions it 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. As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by BDSwiss.

How do I withdraw money from BDSwiss?

You should login to your Client Portal and submit a withdrawal request by following of the required procedure. You can check the steps by following this link.

Trading Platforms

The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform, that provides a comprehensive trading feature and vast of solutions. It is not actually a surprise, as MT4 is a known industry intuitive platform that allows trading anywhere and anytime with advanced charting tools, indicators to manage the risks with a better possibility to determine price direction.

Web Trading

Proprietary BDSwiss WebTrader is fully based online, so you don’t need any downloads or installation and may access trading right from your browser. The platform has a clean view and quite comprehensive and powerful analysis features including technical analysis and risk management tools. So even by the use of WebTrader you can make full out of trading.

Mobile Trading Platform

Of course, BDSwiss developed its Mobile App as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management.

Desktop Platform

The available versions of both MetaTrader4 and MetaTrader5 suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. SO yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders.

There is no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tool and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one.

MT5 being a newer version also 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.

The available versions suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. There are no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tools and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one.

Customer Support

One of the other great points we should admit is Customer Support. BDSwiss multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level.

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 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 Research & Analysis Section, which is definitely good and necessary for any trader especially beginners.

In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself.

Research

BDSwiss offers great research tools and supports traders with unique materials making you a better trader. Besides general and popular tools alike Economic Calendars, good quality market Analysis provided by BDSwiss Analyst team, there is also access to Authochartist and Trading Alerts available to all clients. In addition, BDSwiss offers all Trading Central market analysis tool. Trading Central is a comprehensive suite of trading tools that offer traders the latest market insights created via a combination of AI indicators, automated pattern recognition, and analyst research. 

There is also another amazing and helpful tool that can be find in the BDSwiss Research Portal – Daily Market Analysis, that provides 24/5 market coverage and leading financial commentary through daily previews, video briefs and special reports.

However, the level of depth in research tool is depending on the client portfolio or account types, alike VIP and Raw account holders will benefit from deeper research materials including Exclusive Webinars, Performance Stats, VIP Trading Alerts and more.

Conclusion

An overall BDSwiss review shows us a company that managed to increase client portfolio to over a million customers. There are stable trading conditions and a global proposal suited to worldwide clients. The 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.