BDSwiss Forex Broker Review

BDSwiss is a worldwide brokerage firm in business since 2012, founded in Zurich, Switzerland. The broker has quickly become one of the largest trading companies. It gained over a million clients from over 125 countries around the world. Also, it has an exclusive Member club with more than 1 million traders. As a worldwide operating group, the company continues to expand and established offices in the US, Cyprus, Mauritius, Seychelles, and other countries. Keep reading for a detailed BDSwiss Forex Broker review.

Is BDSwiss a regulated broker?

Yes, BDSwiss is a regulator broker. BDSwiss complies with multiple regulators and can provide services within the EEA zone. Due to its strict compliance with multiple regulators and outstanding track records, local authorities in several countries allow the company to conduct their services legally. BDSwiss complies with NFA ( National Futures Association, United States), CySEC (The Cyprus Securities and Exchange Commission), FSC (Financial Services Commission Mauritius), BaFin Germany, and FSA (Financial Services Authority, Seychelles) to serve its clients in respective territories.

The multiple compliances of BDSwiss improve the broker’s chance to offer its service to many clients worldwide. Our team finds BDSwiss’s regulatory compliance satisfactory and supersedes many other reputed brokers in the market. So the overall regulatory environment for BDSwiss is fair, and the traders can trust the BDSwiss trading platform.

Awards

BDSwiss has gained not just great reviews from the world trading community but also won numerous awards for its outstanding operation. The award serves as proof to the BDSwiss’ for its commitment to develop and provide excellence in operations with transparency. Some of these most recent awards are the following;

  • Awarded as the Best Trading Conditions 2019’ by World Finance
  • Best Trade Execution 2019 by Global Forex Awards
  • Received the Best Trading App 2018 & 2019 award from Mobile Star Awards

Is BDSwiss safe or a scam?

BDSwiss is under the name of BDSwiss Holdings PLC, which appears to be regulated by the Cyprus Securities and Exchange Commission (CySEC). This license is to grant the company to offer legal trading and financial services. As a member of the EU, the Cyprus regulation complies with the terms of investment services with the European MiFID and MiFID II. Its purpose is to deliver a safe trading environment and to manage the operation of markets. As a registered broker, all BDSwiss offices in Switzerland, Germany, the US, and in many parts of the world are all authorized to provide trading opportunities.

How are you protected?

BDSwiss is registered with the US authority NFA as a member and an introducing company with registration no. 0486419. And per regulation, traders are always safe as long as the broker is a regulated one. Client protection and security of funds are delivered in many ways that ensure a safe trading environment and traders’ legal compliance.

Leverage

Leverage is known as capital given by the broker to traders for them to invest in a currency, stock, or security. As a result, it may raise your potential gains yet increase losses. So you must learn how to manage leverage and use risk management strategies to minimize losses.

But, the authorities view  “safe levels” differently.  So make sure to check under which regulation you will fall so that the level is defined correctly.

  • For Forex instruments, Clients from Europe can now maximize level 1:30
  • For global BDSwiss traders, they may be allowed to a higher range of up to 1:500
  • 1:40 is entitled to US traders

Always check the official BDSwiss platform for the most precise data. With your residential status, always review its allowance. Also, it varies to the asset as well, so don’t forget to check each instrument separately.

Accounts

When opening a trading account with BDSwiss, you have to choose the currency you desired. It is between the Euro (€), US Dollar ($), and the British Pound (£). The good thing is there is no charge for currency conversion.

Account types

The three main account types BDSwiss offers are the  Classic, Raw, and VIP. It is built to provide the needs of different Forex traders. It is based on trading sizes and advanced services once size increases. While Raw accounts feature interbank spreads and commission charge per lot, Classic and VIP are based on the spread. Also, BDSwiss offers a Free Forex or CFD “Demo Account. It for traders to check trading conditions and practice strategies before deciding to set up a real account. It is for traders to have a better understanding and experiment with the trading platform and its various features. Per strict regulation broker adheres, every BDSwiss client is safe. Due to the negative balance protection, the account balance can’t fall below zero.

How to open an Account?

  1. Go to the BDSwiss Sign-in page. Also, you may sign with an existing account on Facebook or Google.
  2. Enter your data such as your name, email, phone number, etc
  3. Verify your account by uploading your documents. It is a legal method to check the proof of your residents through your ID and utility bills.
  4. Complete a question about your trading experience and expectations
  5. Once you activate your account, you can go ahead and access the account area.
  6. You may proceed with funding once you learn all risks and benefits involved.
  7. Directly, you can start trading through BDSwiss platforms.
BDSwiss Forex Review

Fees

For each underlying asset, there is a fee for applicable spread. For rollover for short and long positions, there is an extra charge, especially for holding the positions overnight, the same as the margin requirement.

Our find on Forex Fees

When trading, spreads and commissions fees differ with the account type, you choose. If you are a trader who prefers a bigger size and commission basis, then the Raw account is the right one for you. On the other hand, the Classic and VIP account fees are all included in the spread. The Raw account offers an interbank spread and commission, which is $5 per transaction.

Trading Instruments

With BDSwiss, you get access through a wide range of more than 250 underlying assets. You may pick from leading Shares, Indices, Forex, Commodities, and Cryptocurrencies based on CFDs. You can also choose the instrument you want according to your trading need. Also, use BDSwiss’s user-friendly Portal to profit from trading.

Funding Methods

BDSwiss provides a variety of leading and secure payment providers to allow our clients to deposit using the most convenient method for them.

Deposit methods

The methods include a wide range of payment options that may vary on the country’s regulations and your residence. And these are credit cards, bank transfers, Sofortüberweisung, Skrill, Ideal, EPS, Giropay, etc.

Minimum deposit

To start live trading, it requires a minimum deposit of 100$. Lots of traders find it as a great chance to start with a Classic account.

BDSwiss does not charge any fees on credit card/electronic wallet deposits but may vary from one rule to another.

Withdrawals

The minimum withdrawal amount is $100, and in most cases, the process is free of charge. But in case you would like to withdraw less than $100, the broker may add an extra processing fee of 10$.

How long does it take to withdraw money from BDSwiss?

With BDSwiss, it always aims to give 24 hours of withdrawal service. But this only works during business days, as weekends or holidays may take longer to proceed. Also, it wants to give additional days for the payment to go through with the transaction once it is completed by BDSwiss.

How do I withdraw money from BDSwiss?

Log in to your Client Portal and submit a withdrawal request by doing following the procedure.

  1. Choose the amount for withdrawal
  2. Choose the withdrawal method and confirm the fee depends if the amount is less than 100$.
  3. Submit and check the status through Client Portal.

Trading Platforms

BDSwiss offers MetaTrader 4 platforms, which is a well-known software solution that gives a complete trading feature and vast answers to lots of traders. MT4 is a well-known industry intuitive platform that allows trading anytime and anywhere. It has advanced charting tools and indicators to manage the risks with a better chance to define price direction.

Web Trading

BDSwiss WebTrader is online-based that doesn’t need any downloads or installation. You may trade right from your browser. It has a clear view, complete, and analysis features, such as technical analysis and risk management tools. So you can make full out of trading with the use of WebTrader.

Mobile Trading Platform

BDSwiss has its Mobile App, which is highly rewarded by traders and publications. You can find all the essential features there. So even on the go, you still can perform analysis, access your account management, and check the open positions.

Desktop Platform

MetaTrader4 and MetaTrader5 current versions will suit various devices, like PC, Mac, Applications, or Web platform. They do not require installations. What you need to do is download the desktop version.

Lots of traders choose MT4 due to its excellent charting skills and a range of useful tools that makes the trading process a great one.

MT5, as a newer version, is also well-known, with even more developed tools and comprehensive analysis options. There are lots of strategies to pick from, which are very helpful for every trader, beginner, and expert.

Customer Support

One of the other best points of BDSwiss is its Customer Support. Its multilingual customer support team is ready to provide an excellent level of support 24/5. You can reach them by Live Chat, Phone, and Email.

Education

BDSwiss also educates its clients through its Academy. It is to maintain the best support, refined products, and transparency. Educational resources that include useful information on how to operate in markets. Also, to enhance its trading strategy with webinars and accredited courses. Along with extensive education materials offered by Forex Courses, there is the level of expertise, Webinars, and Seminars. You will also get access to useful information with market alerts, trading information, and analysis through its established BDSWiss Blog. It is which is excellent for any trader, especially the new ones.

Research

BDSwiss offers the best research tools with unique materials in making you a better trader. It offers popular tools like Economic Calendars and market Analysis offered by the BDSwiss Analyst team. Also, you can access Authochartist and Trading Alerts open to all clients.

But, the level of depth in the research tool always depends on the Client. For VIP and Raw account holders, they will benefit from Exclusive Webinars, Performance Stats, VIP Trading Alerts, etc.

Conclusion

Overall, BDSwiss is an excellent Forex Brokerage company that manages to increase its clients to over a million traders. It is because of its stable trading conditions that suit their clients’ needs. The broker provides an opportunity for any resident who wants to engage in trading. Also, it depends on Swiss expertise in finance, their regulation by the EU authority, and other additional registrations.