BDSwiss Review 2023: Fees, Features, Pros & Cons!

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BDSwiss deals with your data with confidence and is DGSVO compliant. After you have opened the account, you can use the demo account or the real account. In the following points, we explain to you my experiences and test the functions. This also allows beginners to understand trading quickly and easily. You can easily find your way around and realize exactly which actions you have to take.

This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

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 is bdswiss regulated them within working hours 24/5 we still remain happy with its quality level. 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 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. All analytical material, including webinars and forecasting reports, is available free of charge, and most of the video content is uploaded to YouTube. The analysis quality is world-class and will be of value to both technical and fundamental traders. Overall, BDSwiss trading tools are slightly limited compared to what is offered by other large international brokers, but the tools it does offer are some of the best in the industry. Autochartist is one of the best technical analysis tools on the market, and BDSwiss does well to offer this tool to its clients. Overall, BDSwiss’ mobile trading experience exceeds that offered by other brokers.

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the BDSwiss offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Overall, BDSwiss can be summarised as a safe broker that provides competitive spreads and a low no-activity fee. BDSwiss has an average monthly trading volume of $84 Billion which earned them a trust score of 94 out of 100. BDSwiss is fully regulated by the Financial Services Authority (FSA).

BDSWISS provides a range of educational resources to assist traders in improving their trading knowledge and skills. They offer a variety of educational materials, including Forex eBooks, LIVE Education, Forex Basic Lessons, Forex Glossary, Educational Videos, and Seminars. It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo. BDSwiss received a high score in the Tradable Instruments category. The broker provides access to 1000+ forex, commodities, indices, stocks, and cryptocurrencies.

BDSwiss Review: Pros and Cons

This starting point on major forex markets is 1.5 pips on an individual account, or 1.1 pips on a VIP account, though this trading is all commission-free. 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 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$. BDSwiss also offers a Forex or CFD “Demo Account” and gives new traders the opportunity to put their skills to the test on free Demo accounts with adjustable virtual balances of up to 1,000,000€/$/£. The Raw Account is a professional account offering raw spreads in exchange for a minimum deposit of 500 USD.

Even though this account type does charge a commission, it is very competitive at just $5 per lot on a round-turn trade. The cost is also offset by the lower spreads on this account type which start from 0 pips. BDSwiss offers trading on more than 250 assets which are all offered as CFDs.

Also, BDSwiss provides solid research support which includes popular third-party tools such as Trading Central and Autochartist. 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 either with manual trading or automated trading through EAs. BDSwiss provides access to trade a great range of 1000+ underlying assets, while you may choose from Indices, Forex, Commodities and Cryptocurrencies based on CFDs, or Options Trading. However, range of instruments depends on the account type or BDSwiss entity you use. Full BDSwiss pricing including funding fees and Administration fee for non-use account, see the table below on our finds.

Is BDSWISS Safe or Scam?

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. 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.

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Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. The Russia-Ukraine conflict has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy. As Russia continues to wage war on neighbouring Ukraine, there’s a second war front that’s been wreaking havoc on the markets and will probably continue to do so even after the much-anticipated end of the war in Ukraine. The financial war unravels on a global scale and involves hefty tariffs, import and travel bans, and asset seizures between the West and Russia. Does this platform think that no one will complain after returning the principal?

Recommended broker

BDSwiss offers 51 currency pairs, 7 commodity CFDs, 21 cryptocurrencies, 12 index, and 138 equity CFDs. The broker offers trading across a large selection of more than 250 assets, including CFDs on top Indices, Commodities, Forex, and Cryptocurrencies. With the ability to to access the most popular and liquid markets, you can select the most appropriate and understandable instrument for you from using the broker’s portal.

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BDSwiss Group is an industry leading Forex and CFD investment services provider with over a million clients worldwide. BDSwiss as a brand was established back in 2012 and has since then been providing award-winning conditions, world-leading platforms, competitive pricing and optimal execution on more than 1000 underlying CFD instruments. Trading with BDSwiss will involve fees from $2 USD, spreads from 0.3 pips to 1.5 pips, and commission-free trading depending on the account traders select. BDSwiss offers Islamic swap-free trading on selected trading account levels. BDSwiss offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

BDSwiss offers Trading Signals with a high possible profit rate

Fraudulent activities include excessive commissions; very lose spreads, hidden Terms and Conditions and even restrictions on withdrawals. Regulatory authorities can provide a level of protection for investors as they can be trusted to restrict, sanction or ban such unwarranted actions and to safeguard investors. 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.

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We recommend you carefully read the documentation that’s available on their website. Trading accounts start at $100 for Classic, $3,000 for VIP, and $5,000 for RAW. The main difference between them is the spread, which starts at 1.5 pips for Classic, 1.1 pips for VIP and 0.3 pips for RAW (however, in the latter case the client will have to pay a commission per round lot). Keep in mind the spreads are floating, which means they change according to market conditions.

What country is BDSwiss from?

About BDSwiss

BDSwiss is a provider of financial solutions. The company offers investment, banking, and other services. It also provides trading experiences. It is based in Mahe, Seychelles.

The spreads for GBP/JPY, WTI Oil, and BTC were medium, while the spreads for EUR/USD and Tesla were high. The broker also provides a detailed Help & Support Center which contains answers to frequently asked questions on Accounts, Deposits & Withdrawals, Trading, Troubleshooting, and VPS. 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. BDSwiss works with a variety of payment service providers that covers a wide range of deposit methods in a particular country. The Forex market is the largest, most liquid market on the planet.

What are the issues with BDSwiss?

👎 Disadvantages of BDSwiss:

Lack of investment programs and trading bonuses. The broker charges a fee for inactivity on the account. Support is unavailable on weekends.

Overall, BDSWISS’ customer service is considered reliable and responsive, with various options available for traders to seek assistance. FxPro – A reputable broker with a variety of trading platforms and competitive pricing. BDSwiss received an excellent score in the Deposit and Withdrawal category. The broker provides a high number of deposit and withdrawal options, which are available in multiple currencies. BDSwiss received a high score for customer service in our rating.

Per regulatory requirements, the name on the deposit account and trading account must be identical. All withdrawal requests are processed internally within 24 hours. 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$.

  • The MT4 is one of the most widely used [and complete] platforms to trade Forex.
  • Traders should note that the number of instruments in the Cent account is limited.

  • Please note that all the material and information made available by Alexon Capital Ltd or any of its affiliates is furnished to you with the express understanding that it does not constitute investment or any other advice.
  • They offer a variety of educational materials, including Forex eBooks, LIVE Education, Forex Basic Lessons, Forex Glossary, Educational Videos, and Seminars.
  • BDS Swiss global clients will be trading under the BDS Markets subsidiary, authorized and regulated by the Financial Services Commission (FSC) Mauritius.

Trades of any level can discover a suitable account type to match their specific trading needs. It provides clients with a variety of value-added products and services, from its own proprietary WebTrader and excellent mobile app to extensive educational content and daily webinars conducted by the company’s experts. While a combination of spreads and commissions accounts for the bulk of fees, BDSwiss also provides a premium Raw Account with spreads starting from 0 pips and commissions set at $5 per traded lot.

To qualify for the bonus, you must register for a BDSwiss account and verify your identity. BDSwiss offers three types of bonuses and promotions, the Welcome Bonus, the Deposit Bonus and the No Deposit Bonus. Trading Academy of BdSwiss has learning center, Forex eBooks, Love Education  and video tutorials which are free to use for the registered clients. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Whether you’re a beginner, marketer, web designer or developer, Spectra includes all the tools and resources you can trust to succeed online.

Overall, BDSwiss is a well-regulated and trustworthy broker who have grown quickly in recent years to being one of the top names in the sector. This solid foundation has given them the platform to attract a wide variety of traders with award-winning trading platforms and a competitive range of trading costs. The most choice in these markets comes if you are trading stocks. Here you will have more than 140 stocks to trade in from major companies around the world.

Is BDSwiss a safe broker?

Is BDSwiss safe? BDSwiss is considered trusted, with an overall Trust Score of 84 out of 99. BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by one tier-2 regulator (average trust) and one tier-3 regulator (low trust).

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