BDSWISS Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:5 50

is bdswiss regulated

In addition, BDSwiss offers a StockPlus Account, which provides access to 900+ stocks and 80+ ETFs. MT5 charts are easy to configure even for novice traders but they also offer enough options for expert traders. BDSwiss received a decent score in the Platform and Tools category. The broker provides access to the highly popular MetaTrader 4 and MetaTrader 5, as well as BDSwiss WebTrader and BDSwiss Mobile App for desktop, web, and mobile. The company is not publicly traded and has no bank parent, which is usual for brokers.

However, it is important to note that all trading carries risks, and clients should always do their own research and take appropriate precautions. Beginner traders will benefit from the low minimum deposit and solid educational and research support. Advanced traders have access to a wide range of research tools and trading signals, as well as to the VPS offering. Beginner traders can benefit from a low minimum deposit and strong educational and research support. Advanced traders may enjoy lower fees and advanced research support in the VIP and Raw accounts.

Trading Platforms

Every trader should be cautious before trading or investing with a broker. There is a large variety of assets to choose from including forex, stocks, indices, commodities, and cryptocurrencies. The minimum deposit is high in some accounts compared to other brokers but it is still worth it considering all the features that the broker offers. Overall, we would recommend BdSwiss as a great broker for online trading. You can trade Cryptocurrencies based on CFDs also with quite good costs.

What are the issues with BDSwiss?

👎 Disadvantages of BDSwiss:

Lack of investment programs and trading bonuses. The broker charges a fee for inactivity on the account. Support is unavailable on weekends.

What is more, a regulated broker will build its business around its clients and it is more likely to have outstanding customer satisfaction as well as a customer oriented service. BDSwiss’s entry-level account offers relatively poor trading conditions compared to other market makers/STPs, with average spreads as wide as 1.5 pips (EUR/USD). Trading costs improve on the VIP and Raw accounts, down to 1.1 pips and 0.3 pips (EUR/USD), respectively, but this is in exchange for a 500 USD minimum deposit and a round turn commission of 5 USD on the Raw Account. We were happy to see during our BDSwiss review that asset selection at BDSwiss is ample but largely dependent on the asset sector chosen. The Forex market represents the most adequately covered sector with 51 currency pairs. Seven commodity CFDs provide traders with an introduction into this asset class.

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Yes, BDSwiss is safe to trade with, it’s regulated by authorities in Switzerland, Cyprus, and other countries and offers low-risk Forex and CFD trading. BDSwiss provides excellent research tools via unique information to help you grow as a trader. Aside from common tools like Economic Calendars and excellent market analysis by the broker’s team, you’ll have access to Trading Alerts and Authochartist.

The offer and the terms are very manageable and cheap for traders. Traders can enjoy their own self-developed trading platform of BDSwiss or use the MetaTrader 4/5 software. For sure you can do with BDSwiss professional trading and analysis. Positions can already be opened with very small capital (0.01 lot). The main complaint, which resurfaces over and over again, is about delayed withdrawals. Some clients say their funds are kept for months for various reasons and to add more fuel to the fire, BDSwiss then charges inactivity fees on those accounts.

  • The only drawback that has been noticed concerns only those with small accounts who want to pay less than 100$/€.
  • BDSwiss advertises that they (almost) instantly process credit card withdrawals (under 2,000 EUR/GBP/USD).
  • Meanwhile, wire transfers of €100 or less will incur a €10 flat fee.
  • The minimum deposit on the commission-free Classic Account is 100 USD, with variable spreads starting at 1.50 pips on the EUR/USD (which is wider than the industry average).

The BDSwiss WebTrader is a user-friendly platform that delivers an array of tools, including unique indicators, and an intuitive order window that automatically calculates position size, leverage, and required margin. However, the platform lacks many of the features available on MT4 and MT5 such as automated trading and does not cater for third-party tools. Overall, BDSwiss offers fewer trading account currencies than most other large international brokers. Because BDSwiss is not regulated by the FCA or CySEC, it can offer high leverage to retail traders across all its trading instrument classes. BDSwiss has a good range of trading instruments compared to other offshore brokers, including 900+ shares and 26 cryptocurrencies.

BDSwiss Base Currencies (Trading Account Currencies)

BDSwiss offers only USD, GBP, and EUR accounts, fewer than most other brokers. The BDSwiss Webtrader is advertised as a feature-packed platform but it lacks support for automated trading solutions. As such, it represents a less capable version of the MT4/MT5 web versions. Automated trading is marketed with the use of pending orders, failing to capture the essence of this emerging sector. The customer support offering of BDSwiss is well above the industry standard and kudos must be given to BDSwiss for this. For enhanced trader convenience, BDSwiss has the opportunity to run accounts in one out of several base currencies.

is bdswiss regulated

BDSwiss offers three account types which are Classic, Vip and Raw, created to cater to the needs of different Forex traders with either lower costs according to trading sizes or advanced services once size increases. The Classic and VIP accounts carry an average spread of 1.5 pips and 1.1 pips, respectively. Forex traders will likely find a lower cost structure in many entry-level accounts at other brokerages even against the VIP account offered at BDSwiss. The Raw account consists of adequately priced spreads, and a fixed commission of $5 per traded lot on all currency and gold pairs. The broker excels when it comes to its trading platforms, with an excellent WebTrader, mobile app, and desktop platform to trade on. The research tools are of high quality and the education section is exstentive.

To learn about the full extent of applying leverage at BDSwiss, make sure to check our complete review above. The Raw account type features a $5 flat commission, significantly lower spreads – 0.5 average for major currencies -, and everything the VIP account offers – which is just about everything the Classic account offers. Both the Classic and VIP account can be opened as an Islamic Swap-Free Account which will accrue no interest on deposited account funds.


With one email being responded to in a swift 2 – 3 hours but others took a couple of days. Frankly, this is a department that this broker needs to improve on when compared to other major brokers in the industry. Due to a compliance issue that BDSwiss suffered last year, UK clients are currently not accepted at BDSwiss.

  • A BDSwiss review by any expert will mention the number of clients BDSwiss has, as it says everything you need to know about its popularity and trading success.
  • Such requirements include leverage levels and specific protections offered to investors, including negative balance protection, segregated accounts, and investor compensation funds.
  • In addition, the company runs an active blog and community of traders, which allows sharing the user experience to get better knowledge about the capital, markets, and trading itself.
  • BDSwiss also offers a Forex or CFD demo account that is risk-free and allows you to study and practice trading strategies as well as evaluate the trading circumstances before you open a genuine account with the broker.
  • BDSwiss has received not only positive feedback from traders globally, but also a slew of awards for the outstanding operations and convenient trading environment of the broker.

To make this review transparent, of course, we’ve looked at other brokers in this area. The spreads could be a bit smaller in comparison, but the broker would have to cut back on other offers. The only drawback that has been noticed concerns only those with small accounts who want to pay less than 100$/€. We recommend every trader to use the demo account first before investing real money. The demo account is capitalized with 10,000 € and offers enough space to test the platform.

Is BDSwiss a safe broker?

Is BDSwiss safe? BDSwiss is considered trusted, with an overall Trust Score of 84 out of 99. BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by one tier-2 regulator (average trust) and one tier-3 regulator (low trust).

If a client falls into a negative trading balance, BDSwiss will adjust the total negative amount so that the client does not suffer any loss. Additionally, BDSwiss’ offers its clients account statements regularly audited by external audit firms. Founded in 2012, BDSwiss is a responsible and well-regulated broker with a large international customer base.

Traders should also note that the Classic Account charges a commission of $2 per lot on indices. BDSwiss received a high score in the Account Types and Terms category. Additionally, there are Islamic and Demo accounts where is bdswiss regulated beginners can hone their skills. Traders can also learn about fees and charges that are applied by the broker. In addition to the FAQ, there is a separate page that contains details on all deposit and withdrawal options.

The Forex Basic Lessons are designed to help beginner traders learn the basics of Forex trading. They also provide live education through webinars, which are hosted by industry experts, and interactive training sessions. Finally, the Trading Calculators help traders to manage their risk and calculate their potential profits and losses.

There are also zero account management fees or an account inactivity charge if there is 6 months of no trading activity. An account can be opened for free but requires a minimum deposit to start trading. Trading in markets other than forex, such as indices, crypto, and stocks, the spread generally has a starting point of between 0.4 pips (Indices), and 0.15% (Stocks). The only fees which may be relatively high at the broker are if you are trading cryptocurrency, the Bitcoin fee as an example starts at $190, and the inactivity fee, if applied, can amount to a lot. The broker charge 10% of your balance as an inactivity fee if you are inactive for more than 90-days. Spreads across the several account types offered by the broker remain competitive, though they do start at a higher point than some brokers.

BDSwiss expands its cryptocurrency offering with 9 new CFDs – ZAWYA

BDSwiss expands its cryptocurrency offering with 9 new CFDs.

Posted: Mon, 09 May 2022 07:00:00 GMT [source]

We also noted that BDSwiss requests that withdrawals be made to the same banking method that was used to make your deposits. MetaTrader 5 is the pick of the litter with the most highly developed analytical tools that can easily be located on a clean interface. Beginners will prefer MT5 over 4 with it being easier to implement automated trading with bots. The BDSwiss website is one of the best designs we’ve tested, and new traders will have no problem identifying the available assets to trade and the full fee structure. All information contained herein should be independently verified and confirmed.

BDSwiss charges a flat fee of 10 EUR for bank wire withdrawals less than or equal to 100 EUR. BDSwiss does not charge any commissions on trades except Raw account. On Raw account, they have a $5 commission for per standard lot. BdSwiss provides its clients with a large number of tools and resources.

These are of course some of the best known, and highly regarded trading platforms around. They can provide a robust, efficient trading experience that is favored by many traders worldwide. These platforms are also technically proficient in providing huge charting capabilities yet will also run on almost any device. BDSWISS charges overnight fees on all positions that are held open overnight, and the rates depend on the instrument being traded. The broker also charges a currency conversion fee for deposits made in a currency different from the account currency.

See some of our finds for benefits and disadvantages of the platform below. Besides, Traders will definitely enjoy numerous add-ons as we did, that are available on the market to make trading process a pleasant one. Moreover, there are plenty of strategies to choose from since broker does not impose strict restrictions, so news trading or other strategies are available. However, as we always recommend check on the regulation carefully and never sign in with only offshore registered brokers (read more why avoid trading with offshore brokers). Market analysis is also excellent and detailed, with market news and insightful daily analysis offered by the BDSwiss team.

So even by the use of WebTrader you can make full out of trading, see trading snapshot below. 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. The mobile app offers full trading, research, and account management functionality.

Offshore vs. Regulated: What Are Brokers Doing in 2022? – Finance Magnates

Offshore vs. Regulated: What Are Brokers Doing in 2022?.

Posted: Mon, 30 May 2022 07:00:00 GMT [source]

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. At BDSwiss you may choose from leading Shares, Indices, Forex, Commodities, and Cryptocurrencies based on CFDs and ETFs on shares.

What country is BDSwiss from?

About BDSwiss

BDSwiss is a provider of financial solutions. The company offers investment, banking, and other services. It also provides trading experiences. It is based in Mahe, Seychelles.