BDSwiss is a multi-regulated forex broker that offers trading services across a wide range of financial instruments. Founded in 2012, the broker is headquartered in Limassol Cyprus. With more than 1.5 million registered accounts and an average monthly trading volume of over $84 billion, the broker serves 186 countries worldwide. Multiple account types, competitive spreads, diverse payment options, and efficient customer support make the broker a preferred choice for both novice and seasoned traders. In this BDSwiss review, we discuss various services and features of the broker in detail. BDSwiss Regulations
BDSwiss holds multiple regulations in different regions of the world. Given below is a list of concerned regulatory authorities that BDSwiss is either registered with or regulated from:
- Financial Services Authority (FSA) – Seychelles
- Cyprus Securities and Exchange Commission (CySEC) – Cyprus
- Financial Services Commission (FSC) – Mauritius.
BDSwiss is also registered with the following regulatory bodies;
- National Futures Association (NFA) – United States
- Federal Financial Supervisory Authority (BaFin) – Germany
Opening BDSwiss Trading Account
To cater to the individual needs of customers, the broker offers different types of accounts. Given below is a list of available trading accounts at BDSwiss.
Opening an account with BDSwiss is simple. All you need is to access the brokers’ official website at www.bdswiss.com and follow the steps mentioned in the BDSwiss review.
Step1: Click on the sign-up button available on the top right corner of the homepage.
Step2: Enter your details on the registration page, such as name, email ID, date of birth, country name, and mobile phone number.
Step3: Enter the verification code received on your registered mobile number and press proceed to continue.
Step4: Verify your identity using a National ID Card, Passport, or Driving license.
Step5: Deposit funds into your account using the available payment options.
Step6: Set your trading preferences, such as leverage, trade size, and start placing trades.
Let’s take a quick look at the features available in each of the accounts listed above.
Classic: The commission-free classic account comes with a minimum deposit of $100. Clients can access trend analysis and Autochartist tools in the classic account. Limited access to trading alerts and registration for free live webinars are prominent features of this account type.
VIP Account: BDSwiss offers a VIP account for premium customers. The minimum deposit for a VIP account is $3000. In addition to all the services available in the classic account, traders have the privilege to receive dedicated support from a personal support manager.
Raw Account: With $5 charged as a commission fee, traders can open the raw account with a deposit of $5000. Other features and services remain the same as offered in the VIP accounts.
InvestPLUS: InvestPLUS account is reserved for high-volume traders. Traders need to deposit $5000 to open this account. In addition to DMA execution on 1000 plus CFDs, traders can earn a dividend on long positions. Other features remain almost the same as of VIP and Raw accounts except commission fee, which is 0.1% in the InvestPLUS account.
Note: Islamic account is available across all types of accounts offered at BDSwiss.
BDSwiss Deposit & Withdrawal
BDSwiss makes the deposit and withdrawal process easier for its customers. Clients can use different methods to fund their accounts, including the ones listed below;
- Credit/Debit cards
- Wire Transfers
- Master Card
- e-payment standard
- Online banking
BDSwiss doesn’t charge any fee on deposits and withdrawals. However, clients need to pay a fixed amount of €10 on withdrawals equals or less than €20. If you withdraw funds via wire transfers, you need to pay the same fee on withdrawals equals to or less than €100. The broker also charges an inactivity fee on accounts that remain dormant for more than a year. Not to mention, the broker is quick to process deposits and withdrawals.
Spread with BDSwiss
BDSwiss comes with a competitive trading cost. The broker charges variable spreads on forex, commodities, and cryptos, depending upon the selected account types. However, starting from 0.0 pips, the spread does not exceed 1.5 pips which is the highest spread charged to classic account holders. The broker also offers DMA accounts for high-volume traders.
Leverage with BDSwiss
Considering the need for maximum market exposure, BDSwiss allows its clients to use high leverage of up to 1:500 in all accounts except for the InvestPLUS account. Traders with InvestPLUS accounts can use maximum leverage of 1:5. Remember, besides helping you generate more profits, leverage also magnifies the risk of loss. It can even be detrimental for novice traders. Therefore, you must exercise extreme caution while choosing the leverage size.
BDSwiss User Experience
Unlike other brokerage firms, BDSwiss is a customer-oriented broker. The company keeps things as simple as possible. To offers customized trading solutions to its clients, the broker offers a range of tradable financial instruments with competitive spreads. Clients also have multiple options available while selecting an account type. Not to mention, the diverse range of payment options is another advantage for customers at BDSwiss.
As far as the usability of trading platforms is concerned, BDSwiss offers easy-to-use intuitive trading platforms. Traders can either use the custom-built Web trading platform or download MT4/MT5 on their desktops. Mobile application is also available for on-the-go users. Clients can access the forex market from the comfort of their mobile screens using the mobile trading app.
All the platforms available at BDSwiss are sufficiently equipped with basic and advanced trading tools needed for successful trading. The broker also ensures ultra-fast trade execution with no re-quotes or excessive slippage issues. The broker also offers advanced risk management tools, enabling traders to deal with market volatility. In case you come across a specific issue you can seek help from the broker’s customer support. The customer support staff at BDSwiss remains available 24/5.
Who BDSwiss broker is for:
BDSwiss broker is for all types of traders. Whether you are a newbie or veteran, the broker is sufficiently competitive to cater to your trading needs. Demo accounts with BDSwiss broker can help both novice and seasoned professionals practice unlimited trading strategies and improve their trading skills without risking their real funds. For high-volume traders, the option of a DMA account can work great. The broker does not restrict scalpers to take advantage of every single trading opportunity. Since BDSWiss broker offers generous leverage of up to 1:500, small-scale investors do not have to worry about funds limitation for having an increased market exposure.
BDSwiss Customer Support
BDSwiss broker offers excellent customer services round the clock and supports more than 20 languages of the world. Traders can contact the broker via multiple channels, including telephone, email, and live chat. The customer support staff at BDSwiss broker is well-behaved and professional. You can expect your queries raised with the broker to be answered on a real-time basis. The broker also ensures to offer complaint resolution to its clients within a suitable turn-around time.
Countries that the Broker is NOT available in:
Listed below are the countries where BDSwiss does not offer its services:
- Cyprus & North Cyprus (Cypriot nationality is not acceptable either, irrespective of where the client resides)
- Democratic Republic of Congo – DR
- Eritrea – ER
- Japan – JP
- Libyan Arab Jamahiriya – LY
- Mauritius – MU
- North Korea – KP
- Seychelles – SEY
- Somalia – SO
- Sudan – SD
- United States / US reportable persons (e.g. Puerto Rico, U.S. Virgin Islands, American Samoa, Guam, Northern Mariana Islands, etc.)
The minimum deposit accepted at BDSwiss is $100
The maximum leverage available at BDSwiss is up to 1:500
Final Thoughts – BDSwiss Review
In this BDSwiss review, we covered all aspects, services, and features offered by the broker. After an in-depth review of the broker, we hereby conclude that BDSwiss is one of the most legit brokers available in the market. The broker meets high industry standards, whether it be the usability of trading platforms or services and features offered. Since the broker holds multiple regulations, traders can rest assured of the safety of their funds and confidential data. With low trading cost, unlimited demo accounts, and first-class customer support, the broker can easily make its rivals feel obscure.