BDSwiss Review 2020

BDSwiss Summary

BDSwiss is a CFD and Forex broker that was founded in 2012 and is currently headquartered in Cyprus. This Forex broker is regulated by the Mauritius Financial Services Commission (FSC), the Cyprus Securities and Exchange Commission (CySEC), and  the Seychelles Financial Services Authority (FSA)

This BDSwiss review will provide an in-depth analysis of all the different features of this forex and CFD broker.

BDSwiss is a Forex broker that offers three different trading accounts across two different trading platforms. You will have access to more than 250 financial instruments and have access to five different asset classes. BDSwiss offers live educational events via webinars and seminars on trading topics. You can contact the customer service of BDSwiss through multiple means of communication, such as phone support, emails, and live chat.

BDSwiss Main Features
🛍️Established in: 2012 🛍️Headquarters: Cyprus
⚖️Regulations: FSC , CySEC , FSA ⚖️Country of regulation: Mauritius, Cyprus, Seychelles
💰Minimum Deposit: $100 🎮Platforms: MT4, MT5
🎮Demo Account Available: Yes 💱Leverage: 1:1000
đź’°Withdrawal fee amount: $0 đź’°Inactivity Fee: Yes

Pros

  • Regulated by the by the Mauritius Financial Services Commission (FSC) and the Cyprus Securities and Exchange Commission (CySEC).
  • Offers negative balance protection
  • Forex, Commodities, and Cryptocurrency trading are all commission free with the Capital Account and VIP Account
  • Multiple trading accounts
  • Different payment methods for deposits and withdrawals
  • No deposit or withdrawal fee
  • Offers Demo Account
  • Provides in-house BDSwiss mobile application

Cons

  • Commissions charged for Raw Account
  • Customer service is only available 24\5
  • Withdrawals below 20EUR will be charged with a fee of 10EUR
  • High minimum deposit

Background

BDSwiss was founded in 2012, where it began its operations in Cyprus and Berlin. In 2013, This Forex broker obtained a license from the Cyprus Securities and Exchange Commission (CySEC). Currently, BDSwiss offers financial services in over 186 different countries around the world with 10 local offices. As of June 2020, BDSwiss has more than 1.5 million registered trading accounts.

Safety & Regulation

BDSwiss is currently regulated by three financial regulators, which are: the Mauritius Financial Services Commission (FSC), National Futures Association (NFA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA. This Forex broker offers negative balance protection and stores client funds in segregated accounts for safekeeping measures.

This BDSwiss review will provide traders with insight into the different protection measures BDSwiss takes on client funds and personal information.

Is BDSwiss Safe?

BDSwiss is a safe and trustworthy Forex broker that is regulated by three different financial regulators from Cyprus, Mauritius, and the US. This Forex trading broker provides negative balance protection to ensure that you will not face financial risks, in the case that your balance is in the negatives. In addition, BDSwiss stores client funds in segregated accounts away from corporate funds. To comply with the regulations of the financial regulators, BDSwiss must conduct regular audit reports to ensure transparency of its transactions.

Pros

  • Regulated by the Mauritius Financial Services Commission (FSC) and the Cyprus Securities and Exchange Commission (CySEC).
  • Regulated by the National Futures Association (NFA)
  • Stores client funds in segregated accounts
  • Provides negative balance protection to clients
  • Provides a list of scam companies that traders should avoid

Cons

  • None

Regulation

BDSwiss is currently regulated by three different financial regulators with different jurisdictions around the world. This Forex broker is regulated by: Regulated by the Mauritius Financial Services Commission (FSC) in Mauritius, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and by the National Futures Association (NFA) in the US.  These three financial regulators ensure the transparency of its transactions and processes.

Protection

BDSwiss takes preventive measures to ensure the protection of client funds and client personal information. This Forex broker provides negative balance protection, so you do not have to face any financial risks, in the case of your balances going into the negatives. In addition, BDSwiss stores client funds into segregated accounts away from corporate funds for safekeeping measures.

Awards

BDSwiss was rewarded two different awards in 2020, until now. The first award is the Best Trading Conditions of 2020 by World Finance. The second award is the Best Partnership Program in Asia of 2020 by Global Banking and Finance Review. In 2018, BDSwiss was rewarded with the Best Trading Application of 2018 by Mobile Star Awards.

BDSwiss Fees

BDSwiss charges high trading fees and low non-trading fees and average as an overall. All trading accounts of BDSwisss charge some form of commission, depending on the financial market that you are trading with. The non-trading fees are low, with BDSwiss, by not charging any deposit fees, withdrawal fees, or account fees.

This BDSwiss review will inform you of the different trading fees and non-trading fees that you should consider.

Trading Fees

BDSwiss determines the trading fees based on the type of trading account and the financial market that you are trading in. The Classic Account does not charge commissions on currency pairs, but it charges a commission of 2USD per round lot on indices and 0.15% per round lot on shares. As for the VIP Account, it does not charge a commission on currency pairs or indices; the VIP Account charges a 0.15% per round lot commission on shares. The Raw Account charges a commission of 5USD per round lot on currency pairs, a 2USD per round lot on indices, and 0.15% per round lot on shares.

Pros

  • Low non-trading fees
  • No deposit fee
  • No withdrawal fee
  • No account fee
  • Commission-free trading with some financial markets

Cons

  • Inactivity fee required
  • Commissions charged in Raw Account
  • High minimum deposit for VIP and Raw Account

Non-Trading Fees

BDSwiss provides relatively low non-trading fees, which are fees that are charged on transactions that are excluded from trading. This Forex trading broker does not charge a deposit fee or withdrawal fee. In addition, you do not have to concern yourself with an account fee, or a fee that allows you to keep your trading account open. However, you will have to consider the inactivity fee that is charged after three months of inactivity, which is 10% of your account balance.

Deposit Fees and Withdrawal Fees
Deposit Fees 0USD
Withdrawal Fees 0USD

BDSwiss Fees Compared To Competitors
BDSwiss  XM  HotForex 
Account Fee No No No
Inactivity Fee Yes Yes Yes
Deposit Fee 0USD 0USD 0USD
Withdrawal Fee 0USD 0USD 0USD

Leverage

With BDSwiss, there are three different trading accounts that are offered to traders. This Forex trading broker has three different trading accounts, but they all have the same maximum leverage level. For the Classic Account, the VIP Account, and the Raw Account, you will have access to a maximum leverage level up to 1:500.

Account Opening

BDSwiss offers three trading accounts, which are: Classic Account, VIP Account, and Raw Account. The VIP Account and Raw Account offers a high minimum deposit, while the Classic Account requires a low minimum deposit. Spreads with BDSwiss are not high, but you will be charged with a commission for trading.

This BDSwiss review will demonstrate a step-by-step guide on how to open a Live BDSwiss Account.

Pros

  • Different trading accounts
  • No commissions on Forex, Indices, and Cryptocurrencies
  • Personal account managers available for VIP Account and Raw Account
  • Access to webinars and trading alerts

Cons

  • High minimum deposit for VIP and Raw Account
  • Commissions charged for VIP and Raw Account

Minimum Deposit

The minimum deposit for BDSwiss depends on the trading account. The Classic Account requires a minimum deposit of 100USD, or its currency equivalent. As for the VIP Account, you will be required to make a minimum deposit of 3,000USD or its currency equivalent. For the Raw Account, the minimum deposit required is 5,000USD or its currency equivalent. The VIP Account and Raw Account minimum deposit is considered very high, compared to other Forex trading brokers.

Classic Account

The first trading account that is available for you to select from is the Classic Account, which requires a minimum deposit of 100USD or its currency equivalent. Spreads start from 1.5 pips and the maximum leverage level is up to 1:500. With Forex, you will not be charged a commission for Forex pairs. In addition, you will be able to access the Trading Academy, live webinars, AutoChartist trading tools, and Trading Alerts.

VIP Account

With the VIP Account, you will be required to make a high minimum deposit of 3,000USD or its currency equivalent. Spreads start from 1.1 pips, and the maximum leverage level is up to 1:500, similar to the Classic Account. You will not be charged with any commission for Forex and Indices. The VIP Account is considered a priority, which means that you will receive services based on your trading account. In addition, you will be able to use Autochartist, a Personal Account Manager, Trading Alerts via Telegram, and webinars for educational trading topics.

Raw Account

The final trading account is the Raw Account is the final trading account, which requires a minimum deposit of 5,000USD or its currency equivalent. Spreads start from 0.0 pips and you will have a maximum leverage level up to 1:500. You will be charged with a 5USD commission per round lot. The Raw Account is considered a priority, which means that you will receive services based on your trading account. In addition, you will be able to use Autochartist, a Personal Account Manager, Trading Alerts via Telegram, and webinars for educational trading topics.

How To Open a BDSwiss Trading Account

Step One: Fill out your personal information in the online application

BDSwiss

There are three trading accounts that BDSwiss Trading provides for their new or experienced clients that are willing to open an account. The three trading accounts of BDSwiss Trading are: Basic, Raw, and Black.

Step Two: Open email from BDSwiss to activate Trading Account

Deposit & Withdrawal

BDSwiss provides more than twelve different payment methods, allowing you to select from the wide selection. This Forex trading broker does not charge deposit fees or withdrawal fees; BDSwiss also executes deposits quickly. On the other hand, withdrawals are processed slower and there is a lack of options in account base currencies.

This BDSwiss review will inform you on the different payment methods that are available for you.

Account Base Currencies

BDSwiss offers three different account base currencies, which is considered very limited compared to other Forex trading brokers. The account base currencies that are available for your trading account are: EUR, USD, and GBP.  You can make deposits and withdrawals in different currencies that will be converted into your account base currency.

EUR USD GBP

Deposits

BDSwiss provides several payment methods to be able to make a deposit. You can make a deposit via online payment, credit\\debit card, and bank transfer. BDSwiss does not charge any deposit fees, which means you will not have to make an additional fee on any funds that you deposit to your trading account. You will also find that the deposit process does not take long, up to 24 hours. On the other hand, the account base currencies available have very limited selection.

Pros

  • Different payment methods
  • Fast deposit process
  • No deposit fee

Cons

  • Limited account base currencies

BDSwiss Deposit Options

  • Bank Transfer
  • Credit\Debit Card
  • Electronic Wallet

Withdrawal

BDSwiss provides three different types of payment methods: electronic wallet, credit\\debit card, and bank transfer. You will find that there are no withdrawal fees in the exception that the withdrawal amount is more than 20EUR or its currency equivalent. If a withdrawal is made that is less than 20EUR, then a fixed fee of 10EUR will be applied. In addition, the withdrawal process of BDSwiss is slow, taking up to 3-5 business days to be processed and accessed from your trading account.

Pros

  • Selection of payment methods
  • No withdrawal fee
  • Fast withdrawal process via e-wallet

Cons

  • Slow withdrawal process with credit\\debit card and bank transfer 
  • Withdrawal fee charged for 10EUR if withdrawals are made under 20EUR

BDSwiss Withdrawal Options

  • Bank Transfer
  • Credit\Debit Card
  • Electronic Wallet

Trading Platforms

BDSwiss offers two different trading platforms, depending on the trader’s experience. MetaTrader4 is better for novice traders who are just starting out, while MetaTrader5 is best suited for expert traders. Fortunately, BDSwiss offers both of these trading platforms to you.

For this BDSwiss review, we are demonstrating a guide on the web, desktop, and mobile trading platform of MetaTrader4. Both trading platforms offer the option of hedging, and you can always rely on the support of EA’s to help you with trading.

  • MetaTrader4
  • MetaTrader5

Web Trading Platform

With BDSwiss and its MT4 web trading platform, you will be able to place four pending orders: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. These four pending orders are the basic pending orders of trading, allowing you to determine when you want to buy\sell security at a certain price in the future.

The MT4 trading platform of BDSwiss does not have a two-step login authentication process, which means that you will not be able to secure your login credentials with additional security. You will have to depend on the initial login process. Unfortunately, you will not be able to receive any alerts or notifications with the web trading platform, since it is not an available option for traders.

Pros

  • Accessible on Windows and Mac
  • Supports EAs
  • Customized indicators
  • Order history, account history, and portfolio available for viewing
  • Available in different languages
  • Easy to navigate and command 
  • Accurate trading tools

Cons

  • No notifications or alerts provided
  • Two-step login process is unavailable

Desktop Trading Platform

With BDSwiss and its MT4 desktop platform, you will be able to place four pending orders, similar to the web trading platform. The pending orders you can place are: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. With these pending orders, you can determine when you want to buy\\sell a security at a certain price in the future.

The MT4 desktop trading platform of BDSwiss does not provide you with a two-step login authentication process, which means that you will not be able to secure your login credentials with additional security. Regrettably, similar to the web trading platform, you will not be able to receive any alerts or notifications with the desktop trading platform, since it is not an available option for traders.

Pros

  • Accessible on Windows and Mac
  • Supports EAs
  • Customized indicators to your preference
  • Allows you to view order history, account history, and portfolio
  • Precise trading tools

Cons

  • No notifications or alerts
  • No two-step login process

Mobile Trading Platform

With BDSwiss and its MT4 mobile trading platform, you will be able to place four pending orders, parallel to the web and desktop trading platform. These pending orders give you the opportunity to determine when you want to buy\sell a security at a certain price in the future. The pending orders available on the MT4 mobile trading platform are: Buy Limit, Buy Stop, Sell Limit, or Sell Stop.

The MT4 mobile trading platform of BDSwiss does not offer you with the option of using facial recognition or fingerprint recognition, as a form of logging in. You will need to manually enter your login credentials. With the mobile trading platform, you will not have the option to receive any price alerts or push notifications, since it is not an available option for traders.

Pros

  • Accessible on iOS and Android
  • Supports the use of EAs
  • Custom-made indicators available
  • Order history, past performance, and overall portfolio is accessible
  • Access to pricing systems
  • Accurate tools for trading

Cons

  • No mobile notifications on price alerts
  • No facial recognition or fingerprint login available

Markets & Financial Instruments

BDSwiss provides traders with access to five different asset classes and more than 250 financial instruments. You will be able to trade with these financial instruments and the Forex and Commodities asset classes are commission-free with the Classic Account and VIP Account.

This BDSwiss review will define the different asset classes and financial instruments you can trade.

Pros

  • Provides access to five different financial markets
  • More than 250 instruments available
  • Offers cryptocurrency

Cons

  • No precious metals and energies available
What BDSwiss Offers
Forex     Commodities
Indices Equities
Cryptocurrency

BDSwiss offers five different financial markets and allows you to trade with more than 250 financial instruments. You can trade more than 10+ indices, including all the major stock indices. This Forex trading broker provides 20+ cryptocurrencies, where you can trade for 24 hours a day and 7 days a week. BDSwiss enables you to trade with 50+ currency pairs as major pairs, minor pairs, and exotic pairs. With Commodities, you can trade with more than 5+ different Commodities, including natural gas and oil. As for Equities, you can trade with more than 140+ different equities.

Markets Research & Trading Tools

BDSwiss provides trading tools for clients that allow them to generate more accurate trading strategies to be able to profit more from their trades. You will be able to identify patterns with AutoChartist and spot the Forex trends of Live Currency Heatmap.

BDSwiss offers many trading tools for clients, but you can only use them if you are registered with BDSwiss. On the other hand, if you have a live trading account and a Demo Account, you can use the trading tools for free. AutoChartist is a trading tool that will identify patterns, assisting in future trading opportunities. Live Currency Heatmap is an overview on the different currency pairs, identifying the uptrends and downtrends of Forex pairs. This will help in determining future trading opportunities. The Trading Calculator trading tool allows you to calculate different trading instruments to generate accurate results.

BDSwiss Tools
AutoChartist Live Currency Heatmap 
Trading Calculator

Pros

  • AutoChartist is free of charge
  • Trading Calculators for all financial instruments
  • Live Currency Heatmap spots the biggest Forex uptrends and downtrends

Cons

  • Access only for traders of BDSwiss

Market Research

BDSwiss provides traders with several market research materials that allow you to research and stay updated on the trading world. You will be able to access the economic calendar and the trading alerts.

Pros

  • News articles are detailed and accurate
  • Trading Alerts are live
  • Economic calendar is regularly updated

Cons

  • None

BDSwiss provides the main market research materials, where you will be able to access the trading world and stay up-to-date on the most recent events. This Forex trading broker offers news articles on the most recent and relevant updates on the trading world. The news articles are detailed and well-researched, meaning that the information you will be receiving is accurate. As for Trading Alerts, you will receive notifications via the Telegram application on data on prices and currency changes. The final market research material is the economic calendar, which is a calendar that is regularly updated on the current and future trading events around the world.

Customer Service

BDSwiss offers several means of communication when it comes to customer service. You can reach customer service support via email, phone, and live chat. The customer service is available in several languages, but you will not be able to reach them on weekends.

This BDSwiss review will allow you to identify the different means of communication that are available by customer service support.

BDSwiss provides a 24\5 customer service support that you can reach via phone, email, or live chat. You can contact the customer service of BDSwiss in several languages, where they will respond within minutes. The live chat of BDSwiss is the fastest form of communication, since the response from the customer service is within seconds. In addition, you will find that the customer service answers are relevant to your topic of interest and their reply is very helpful.

Pros

  • Different means of communication
  • Available in several languages
  • Helpful responses to client questions
  • Fast response time

Cons

  • Not available 24\\7

Means Of Communication

  • Phone support
  • Live chat
  • Email support

According to customer experience, the most important aspects of customer service are speed and relevance, which BDSwiss acquires both. The customer service of BDSwiss is fast in responding and provides relevant replies, along with an accommodating and patient atmosphere. The overall trading experience of BDSwiss traders has relatively improved after their interaction with the customer service department. Many traders have stated that they are assured that their issue would be resolved quickly and efficiently.

Client Education

BDSwiss offers several client educational resources, depending on your trading experience and background. You can use videos, articles, webinars, seminars, and a Demo Account. In addition, you can register for courses that cover basic, intermediate, and advanced trading topics.

This BDSwiss review enables you to find out the different client educational resources that you can use with BDSwiss.

Pros

  • Courses available for all trader experience
  • Live webinars and seminars available
  • Visual aid via educational videos
  • Free and unlimited Demo Account
  • Virtual funds up to 10,000EUR for Demo Account

Cons

  • None

BDSwiss provides traders with several educational resources that will enhance your trading knowledge. You can register to an online course, based on your trading background. BDSwiss offers beginner courses, intermediate courses, and advanced courses with all trading topics covered. You can watch live seminars and webinars on trading topics and the new developments in the trading world. As for videos, you will find tutorials on how to use the trading platforms and trading tools on BDSwiss. In addition, you can always use the BDSwiss Demo Account as a hands-on approach. You will be able to try out the Demo Account in real time and real market conditions, with up to 10,000EUR of virtual funds.

Client Education Resources

  • Academy Overview
  • Beginner Courses
  • Intermediate Courses
  • Advanced Courses
  • Seminars
  • Live Educational Webinars
  • Educational Videos
  • Demo Account

How To Open a Demo Account

Step One: Fill out your personal information in the online application

BDSwiss Demo Step -1

Step One: Fill out your personal information in the online application

Step Two: Open email from BDSwiss to activate Trading Account

Conclusion

BDSwiss is a Forex broker that offers three different trading accounts across two different trading platforms. You will have access to more than 250 financial instruments and have access to five different asset classes. BDSwiss offers live educational events via webinars and seminars on trading topics. You can contact the customer service of BDSwiss through multiple means of communication, such as phone support, emails, and live chat.

Overall, BDSwiss is a regulated Forex broker that is registered by the Mauritius Financial Services Commission (FSC), National Futures Association (NFA), and the Cyprus Securities and Exchange Commission (CySEC). This means that BDSwiss is a safe and trustworthy Forex broker.

BDSwiss
$100
Min. Deposit
N/A
Bonus
Regulated byFSC , CySEC , FSA
Leverage1:1000
Customer Support24/5
Open Account

BDSwiss Overall Performance

  • Safety and Regulation 98% 98%
  • Deposit and Withdrawal 98% 98%
  • Market Research & Trading Tools 97% 97%
  • Broker Fees 98% 98%
  • Trading Platforms 97% 97%
  • Customer Service 99% 99%
  • Account Opening 98% 98%
  • Market & Financial Instruments 97% 97%
  • Client Education 99% 99%

Frequently Asked Questions

Is BDSwiss A Good Broker?

BDSwiss is a Forex broker that offers three different trading accounts across two different trading platforms. You will have access to more than 250 financial instruments and have access to five different asset classes. BDSwiss offers live educational events via webinars and seminars on trading topics. You can contact the customer service of BDSwiss through multiple means of communication, such as: phone support, emails, and live chat.

Is BDSwiss Legit?

BDSwiss is a legitimate Forex trading broker that is currently regulated by three financial regulators, which are: the Mauritius Financial Services Commission (FSC), National Futures Association (NFA), and the Cyprus Securities and Exchange Commission (CySEC). This Forex broker offers negative balance protection and stores client funds in segregated accounts for safekeeping measures.

How Long Do BDSwiss Withdrawals Take?

BDSwiss withdrawals take approximately 24 hours for online payment methods. As for the bank transfer and credit\\debit cards, it takes about 3-4 business days.

What Is The Minimum Deposit For BDSwiss?

The minimum deposit for BDSwiss depends on the trading account. The Classic Account requires a minimum deposit of 100USD, or its currency equivalent. As for the VIP Account, you will be required to make a minimum deposit of 3,000USD or its currency equivalent. For the Raw Account, the minimum deposit required is 5,000USD or its currency equivalent.

Is BDSwiss Regulated?

BDSwiss is currently regulated by three different financial regulators with different jurisdictions around the world. This Forex broker is regulated by: Regulated by the Mauritius Financial Services Commission (FSC) in Mauritius, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and by the National Futures Association (NFA) in the US.  These three financial regulators ensure the transparency of its transactions and processes.

Is BDSwiss An ECN Broker?

Yes, BDSwiss is an ECN broker.

Is BDSwiss Safe?

BDSwiss is a safe and trustworthy Forex broker that is regulated by three different financial regulators from Cyprus, Mauritius, and the US. This Forex trading broker provides negative balance protection to ensure that you will not face financial risks, in the case that your balance is in the negatives. In addition, BDSwiss stores client funds in segregated accounts away from corporate funds. To comply with the regulations of the financial regulators, BDSwiss must conduct regular audit reports to ensure transparency of its transactions.