BDSwiss Minimum Deposit Guide

logomark Anthony Gallagher calendar Last Updated: November 2021 timer 6 min read
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BDSwiss is a popular forex broker in Europe and around the world. If you’re considering choosing this company to trade with, then follow this guide to make sure you know about the BDSwiss minimum deposit and other account funding policies.

This guide focuses on the various account funding methods and procedures when trading with BDSwiss. However, there is much more to know about BDSwiss than just deposits and withdrawals, and you can find everything you need to know in our complete BDSwiss Review.

For now let’s turn our attention to the minimum deposit and everything surrounding that part of the broker.

Table of contents

What is the BDSwiss Minimum Deposit?

The BDSwiss minimum deposit is $100. However, the broker has different minimum deposit requirements depending on the trading account: $100 to open a BDwiss Classic Account, $3,000 for a BDSwiss VIP Account, and $5,000 for a BDSwiss Raw Account.

BDSwiss Features
Minimum Deposit $100
Deposit Fees No
Withdrawal Fees No
Base Currencies EUR, USD, GBP

BDSwiss Deposit Bonus

BDSwiss does not offer a deposit bonus to clients. A forex broker that doesn’t provide bonuses isn’t a particularly bad thing. As a serious trader looking to make money in the financial markets, you might want to base the decision of whether to open an account with a particular broker on other characteristics. However, that doesn’t mean there aren’t many great brokers that offer them, so you might find it useful to check our top 10 of forex brokers with bonuses and promotions.

BDSwiss Minimum Deposit vs Other Brokers

In the table below, you can see precisely how the BDSwiss minimum deposit compares to other leading forex brokers.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money

BDSwiss Saxo Bank Admiral Markets
Minimum Deposit $100 $500 $100 ($1 AM Invest Account)
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal No No Yes
Number of deposit methods 11 5 10
Account currencies USD, EUR, GBP, CHF EUR, USD, GBP, AUD, CAD, SGD, JPY, CHF, CNY EUR, GBP, USD, CHF, BGN, CZK, HRK, HUF, PLN, RON

How to deposit funds into your BDSwiss account: Steps to follow

If you feel ready to start trading with BDSwiss, follow these five simple steps to get started.

Open a Demo Account

If forex trading is something you are just beginning to discover, then you should always start with a demo account before trading with real money. A demo account can also be helpful for active traders to review the products they can trade, and observe the spreads, fees and commissions charged by the broker. If you visit the BDSwiss website, you’ll notice that the broker offers a 30-day trial period to use their demo account. There is also no pressure on you to make any real money deposits once this period is up.

If you need a longer demo period for practicing, we have compiled a top 10 of brokers that offer Unlimited Forex Demo Accounts.

Apply for a Live Account

As soon as you are ready then you can apply for a live account via the BDSwiss website. Most brokers require the same amount of personal data to comply with anti-money-laundering regulations. Expect to provide your proof of identity, such as a passport or national ID and a proof of residence, such as a bank statement or utility bill.

Deposit Funds into your trading account

Once the BDSwiss compliance team has approved your account application, you will receive an email notification to inform you the account is ready. Once this happens, it means you are able to make your first deposit with BDSwiss.

When making a deposit, keep in mind the minimum deposit required. Continue reading this guide to get to know about the various deposit and withdrawal methods and related fees and conditions.

Start Trading

Depending on the funding method you used to deposit to your new BDSwiss account, you might be ready to start trading in just a few minutes.

BDSwiss Funding Methods (+ Withdrawals)

BDSwiss provides clients with a selection of reliable payment methods to deposit and withdraw money from their trading accounts. The advantage of trading with a regulated forex broker such as BDSwiss is the company can maintain stable relationships with banks and payment providers.

The primary methods for depositing and withdrawing from your BDSwiss account are bank wire transfers, debit/credit card and e-wallets. Both Skrill and Neteller are available in this regard.

The credit and debit cards supported by BDSwiss are Visa, MasterCard and Maestro. Card deposits are processed immediately. This means you can start trading as soon as the transaction is made.

BDSwiss offers a variety of funding methods for clients based in different regions, which include SOFORT, EPS, iDeal, DotPay and local deposit methods. iDeal is popular in the Netherlands; EPS is popular in Austria; DotPay is popular in Poland, and SOFORT is widespread throughout Europe. Local deposit methods in various international currencies are supported around the world. The alternative payment methods mentioned are all generally processed within thirty-minutes.

BDSwiss Deposit Fees

In general, BDSwiss deposits are free of charge. For example, if you deposit euros via your debit card to your euro trading account, there will not be any fees. More specifically, BDSwiss covers the receiving costs.

However, costs may arise due to fees charged by your bank, or because conversion is required to exchange the currency that you deposit into the base currency in which your trading account is denominated.

BDSwiss Withdrawals

You can withdraw funds from your BDSwiss account whenever you wish. The company tries to process any withdrawals within the same business day, but due to cut off times, it can take up to 48-hours to be processed. After the withdrawal has been processed internally, it will depend on the payment method how long it takes for you to receive the funds.

BDSwiss withdrawals are usually free, but there are some exceptions to this rule. For example, if you make a withdrawal of under $20 with a credit/debit card, BDSwiss will charge a fee of $10. A similar fee applies to withdrawals via bank wires; the minimum withdrawal to avoid this fee is $100.

As is a standard policy across most forex brokers, you can only withdraw funds to an account which belongs to you. You cannot make withdrawals to someone else.

List of the payment options available on BDSwiss

BDSwiss Accepted Deposit Currencies

BDSwiss accepts a variety of European currencies to fund your trading account and of course, the US Dollar as well. The accepted deposit currencies are EUR, USD, GBP, PLN, CHF, SEK, DKK, and NOK.

However, the list of supported base currencies is shorter. BDSwiss only supports having trading accounts denominated in the following currencies: USD, EUR, GBP.

Unfortunately, there are foreign exchange fees applied to your deposit if you fund your account in a currency which is not one of the four supported base currencies. For example, if you are to deposit PLN, it will need to be converted to either USD, EUR, or GBP, depending on your account.

BDSwiss Minimum Deposit Pros and Cons

Before we can wrap up this guide to BDSwiss deposits and withdrawals, here is a summary of the advantages and disadvantages we have found.

Pros

  • BDSwiss has a wide variety of deposit methods, especially for European traders.
  • The minimum deposit required to open an account with BDSwiss is just $100, which makes their services very accessible.
  • You can deposit with BDSwiss using a variety of different currencies.
  • The waiting time for a deposit to be processed is generally 30 minutes, which means you can start trading ASAP.

Cons

  • The threshold to avoid fees when making a withdrawal via wire transfer is $100.
  • There is a very high minimum deposit required to access the premium level accounts.

BDSwiss Minimum Deposit FAQs

Is BDSwiss free?

No fees are charged to open an account, but there is a minimum deposit of $100 for the Classic account, $3,000 for the VIP Account, and $5,000 for the Raw Account. There are no additional fees for deposits and withdrawals.

What is the minimum deposit for BDSwiss?

The minimum deposit is $100, but it is different for each account type. The minimum deposit ranges from $100 to $5,000.

Can I have 2 BDSwiss accounts?

Yes, it is possible. BDSwiss allows up to 5 different trading accounts, 3 Classic, one VIP and 1 Raw account.


About the Author

Anthony Gallagher

Broker Expert

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world.

A trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.

He is a keen golfer with a very high handicap so when not helping you find the best broker for your needs, you may find him on the course or just as likely following any number of sports from the comfort of his sofa.


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