FX.Reviews
Trade With BD Swiss
FX Broker
Get Promo Deal
Year Founded 2012
Website
Max Leverage 1:500
Copy Trading No
Platforms MT4, MT5, BDSwiss WebTrader
Instruments Forex, CFDs, Stocks, Indices, Commodities, Cryptocurrencies
Islamic Account No

BDSwiss Broker Review #

BDSwiss is a multi-regulated online CFD and forex broker offering a variety of features for traders. Here's a breakdown of their services:

Regulations

  • BDSwiss holds licenses from several regulatory bodies, including:

    • Swiss Financial Market Supervisory Authority (FINMA) (Tier 1)

    • Cyprus Securities and Exchange Commission (CySEC) (Tier 1) (Important Note: Retail CySEC regulations might have limitations in the EEA after March 2021) This provides a good level of security, but always check regulations based on your location.

Account Types

BDSwiss offers a selection of account types catering to different needs:

  • Classic Account: Standard account with commission-free trading and slightly wider spreads.

  • Spread Account: Tighter spreads with commission-based trading.

  • VIP Account: Designed for high-volume traders with even tighter spreads and additional benefits.

  • Islamic Account (Swap Free): Shariah-compliant account with no swap fees.

Account Registration

Opening an account with BDSwiss is reportedly straightforward and can be done online.

Trading Platforms

BDSwiss provides several trading platforms:

  • MetaTrader 4 (MT4): Industry-standard platform with a wide range of tools and features.

  • MetaTrader 5 (MT5): Advanced platform offering additional functionalities compared to MT4.

  • BDSwiss Web Trader: User-friendly web-based platform accessible from any device.

  • BDSwiss Mobile App: Mobile trading app for on-the-go access to markets.

Trading Instruments

BDSwiss offers a good selection of trading instruments, including:

  • Forex: Major, minor, and exotic currency pairs.

  • CFDs: Contracts for Difference on stocks, indices, commodities, and cryptocurrencies (availability may vary depending on regulations).

Fees

  • Spreads: Spreads vary depending on the account type and market conditions. BDSwiss' Classic account spreads might be wider than some competitors.

  • Commissions: Commission fees depend on the account type (commission-free or commission-based).

  • Swaps: Overnight financing fees apply for holding positions overnight (except for Islamic accounts).

  • Inactivity Fees: Accounts inactive for extended periods may incur fees.

  • Deposit/Withdrawal Fees: Check BDSwiss' website for any applicable fees.

Deposits and Withdrawals

BDSwiss offers various deposit and withdrawal methods, including:

  • Credit/Debit Cards

  • Bank Transfers

  • E-wallets (availability may vary)

Processing times can vary depending on the chosen method.

Education and Research

BDSwiss provides a range of educational resources, including webinars, articles, tutorials, and market analysis.

Affiliate Program

BDSwiss offers an affiliate program allowing partners to earn commissions by referring new traders.

Verdict

Pros:

  • Regulated by multiple Tier-1 authorities

  • Variety of account types and trading platforms

  • Educational resources and market analysis

  • Islamic account option

Cons:

  • Classic account spreads might be less competitive

  • Inactivity fees and potential withdrawal fees

  • Retail CySEC regulation limitations in the EEA (after March 2021)

BDSwiss is a good option for traders seeking a well-regulated broker with a variety of platforms and account types. However, consider the potentially wider spreads on the Classic account and potential fees before signing up.

FAQ

  • Is BDSwiss safe? Multiple Tier-1 regulations provide a layer of security. Remember, trading involves risk, so do your research before investing.

  • What is the minimum deposit? The minimum deposit varies depending on the account type. Check BDSwiss' website for details.

  • Does BDSwiss offer a demo account? Yes, BDSwiss offers a free demo account for practicing your trading strategies before risking real capital.

  • How do I contact BDSwiss customer support? BDSwiss offers customer support via phone, email, and live chat.

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.