BDSwiss Review 2024: Pros & Cons

BDSwiss provides a good selection of various payment methods, including bank transfers, cryptocurrencies, debit/credit cards, and e-wallets. There is something for everyone to make convenient deposit and withdrawals. Through their Telegram channel, BDSwiss provides free real-time trade notifications on important assets. These notifications give buy or sell indications, as well as stop loss and take profit levels. Keep in mind that previous performance is not a guarantee of future performance.

1. I like how each account has been built to cater to the needs of both beginner and advanced traders alike.
2. Trading Critique’s unique strategy enables traders to find and maintain multiple trade plans in just a matter of minutes.
3. The Trading Academy offers new clients a well-rounded introduction to trading.
4. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
5. BDSwiss have a limited choice of 250+ instruments in multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

BDSwiss was established in 2012, and swiftly embarked on what is seen as a remarkable growth trajectory. While this broker describes itself as part of a worldwide operating group with holdings in Switzerland, the primary regulator appears to be the Cyprus Securities and Exchange Commission (CySEC). BDSwiss is also regulated by the Financial Services Commission of Mauritius which allows the broker to offer non-EU residents more flexible leverage options. 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.

There is a large selection of over 20 crypto pairs, enabling you to trade cryptocurrencies such as Bitcoin and Ethereum. If you primarily want to trade cryptos, then Vantage may also be worth checking out. You can trade shares on some of the best performing companies listed on listed on 4 international exchanges. This gives an insight into the volatility of different assets, showing which are more or less volatile.

Sponsored Financial Content

MetaQuotes have continued to invest in platform development, testing and improvements, all of which help make MetaTrader one of the most advanced trading platforms available. The BDSwiss Trading Academy offers a multitude of instructional tools to help traders of all levels improve their trading skills. There are some very insightful video courses, articles, webinars, and other resources available to assist you on your trading journey. For example, if your account base currency is in USD, and you are making a deposit of $300 via Bank Wire, then your bank would charge you conversion fees & likely a markup on the exchange rates for conversion to USD. Our below detailed review of the account types will assist South African traders in identifying the best-suited account type at BDSwiss.

Trading Central

In addition to them, some 5 commodities, such as gold and oil, are also available for trading. As far as the platform versions delivered by BDSwiss are concerned, MT5 does seem to trump MT4 in several regards. BDS Markets Global Services Ltd is the actual payment provider of the operation and the direct operator of https://forex-review.net/bdswiss/ the BDSwiss website. It has not all been smooth sailing for BDSwiss though…Its growth from some 130,000 processed transactions in 2012, to more than 9 million in 2018, was fraught by missteps and mistakes. To its credit however, the company has always owned up to its mistakes and made amends where possible/needed.

Forex Risk Disclaimer

BDSwiss offers client support 24/5 via phone, live chat, and email. I think they could improve by offering 24/7 support to keep up with competitors who do such as FP Markets. Trade Companion is a useful tool in the cutting-edge trader’s toolset, designed to provide traders with a complete view of their trading history and performance. Trade Companion can act as a personal virtual mentor, enabling traders to identify which tactics have so far performed best for them and the areas in which there is room for improvement. The primary trading academy is divided into three courses for novice, intermediate, and experienced traders. Each course includes videos as well as a quiz at the conclusion to put your knowledge to the test.

Customer Support and Educational Material

There are many instruments that help Forex traders with information, advice and, in case of trading software, some routine-improving indicators and other tools. BDSwiss is a brokerage company offering trading services for clients
since
2012 with
offices in
Cyprus, Mauritius, Seychelles, United States and Germany. Besides lots of currency pair,
BDSwiss also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Oil, Stocks, Crypto, etf, Indices and Commodities for your best choice. Somehow, remember that different instrument
has different trading conditions.

Fees

The broker’s most competitive offer is a unique approach across the brokerage industry, consisting of a competitive Raw account which can be accessed for a $5000 account balance. Corporate actions such as dividends and mergers will impact equity and index CFDs (though BDSwiss does not openly outline how corporate actions are processed). An inactivity fee of 10% of the account balance (which will range from €25 to €49.90 or account currency equivalent) will be charged after 90 days. BDSwiss minimum deposit is 100$ 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. Full BDSwiss pricing including funding fees and Administration fee for non-use account, see the table below on our finds.

Realizing when it’s good to open or close is the different between loss and profit. The Training Academy section is basically the general knowledge, or entry-level information. There are articles, webinars and videos with a gradual learning curve. These materials mostly tell you stuff that you need to know before starting the trading. BDSwiss has a lot to offer, but the experience is deeply flawed, and there are certainly better candidates.

We liked their responsive customer support services & the variations in types of trading accounts. Also, they don’t charge any extra commission for deposits or withdrawals. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. A Cent account can be the next step for a trader transitioning from a demo account to a live trading environment. The minimum initial deposit to open a Cent trading account is only $10.

Forex markets can be traded on a 24/5 basis Monday to Friday as can commodities. BDSwiss crypto offering includes a total of 20 crypto assets for trading. 11 of these cryptos can be traded against the USD as CFDs and you can also trade Bitcoin and Ethereum against the US Dollar, Euro, and Japanese Yen, again as CFDs. You may also be able to deposit through online banking in your area.

Prestigious awarding bodies within the industry have acknowledged its excellence. Notably, in 2019, BDSwiss secured accolades such as “BEST TRADE EXECUTION” at the Global Forex Awards, the “BEST TRADING APP” at the Mobile Star Awards, and the “BEST TRADING CONDITIONS” at the World Finance https://forex-review.net/ Awards. BDSwiss holds a verified status on Trustpilot, a popular review platform. On this platform, BDSwiss boasts a substantial collection of 2,176 reviews. Among these reviews, the BDSwiss broker shines with an impressive “Excellent” rating, earning a TrustScore of 4.7 out of 5 stars.

BDSwiss keep clients’ funds in segregated accounts, which is something that increases the level of safety. It means that the funds are not mixed with the broker’s account and even if the company goes bankrupt, traders can withdraw money from their own accounts. When it comes to trading platforms, both MT4 and MT5 are offered to traders at the broker. These MetaTrader platforms, of course, are among the top forex platforms we have seen to date.

In order to better understand the differences between BDSwiss’ and other brokers’ pricing models, let’s compare the numbers. Safety and security of your broker should be the first priority when selecting a financial service provider. Even though the broker is not yet available in the US, they have still been regulated by the NFA. This is indicative of their possible future plans, and again is evidence of their prioritization of trader security and compliance. It features a Trading Academy, which offers Beginner, Intermediate and Advanced trading courses. FX pairs make up the bulk of the broker’s tradable asset selection.

These types of brokers often collect prices from multiple liquidity providers to offer the best spreads to you as a trader. A BDSwiss Islamic account is offered, though not on the Raw account type. Of course this account is fully Shariah law compliant and does not charge swap fees. It does though replace this with another type of fee if you want to keep a position open longer than 10 calendar days.