The online brokerage firm BDSwiss requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with BDSwiss starts from $10, which can be deposited via various methods including wire transfer, debit card, credit card and ewallet. It should be noted that the minimum deposit with BDSwiss may vary depending on the type of trading account chosen.
BDSwiss generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the BDSwiss minimum deposit?
The BDSwiss minimum deposit is: $10 for a cent account, $100 for a classic account, $3000 for the VIP account and $5000 for the raw account.
The BDSwiss deposit features are listed in this table below:
| BDSWISS DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| BDSwiss cent account | $10 minimum deposit |
| BDSwiss classic account | $100 minimum deposit |
| BDSwiss VIP account | $3000 minimum deposit |
| BDSwiss raw account | $5000 minimum deposit |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Base Currencies | USD, EUR, GBP, CHF |
Your capital is at risk.
If you want to find out more before opening an account, you can read our guide to BDSwiss account types.
What are the BDSwiss account base currencies?
The BDSwiss account base currencies are USD, EUR, GBP and CHF.
Even though BDSwiss accepts deposits in over 15 different currencies.
Unfortunately, there are foreign exchange fees applied to your deposit if you fund your account in a currency which is not one of the three supported base currencies.
For example, if you are to deposit PLN, it will need to be converted to either EUR, USD, or GBP depending on your account.
What are the BDSwiss funding and deposit methods?
The BDSwiss deposit methods features and fees are listed below:
- Wire transfers: Wire transfers at BDSwiss are usually fee free, and processed instantly.
- Credit/debit cards: Visa, Mastercard, Maestro. Card deposits are processed immediately.
- eWallets: at BDSwiss are available both Skrill and Neteller.
- Other methods: Sofort, EPS, iDeal, DotPay, Local deposit methods. The alternative payment methods mentioned are all generally processed within thirty-minutes.
What are the BDSwiss deposit fees?
BDSwiss deposits are free of charge.
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.
What are the steps to fund your BDSwiss account?
- Create a BDSwiss 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.
- Verify the BDSwiss 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.
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.
- Fund your BDSwiss account:
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.
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.
How does the BDSwiss minimum deposit compare with other major brokers?
The comparison between Pepperstone’s minimum deposit and those of other brokers can be found in this table below:
| FEATURES | BDSWISS | SAXO BANK | ADMIRALS |
|---|---|---|---|
| Minimum deposit | $10 | $500 | $100 ($1 for AM Invest account) |
| Wire transfer | Yes | Yes | Yes |
| Credit card | Yes | Yes | Yes |
| PayPal | Yes | No | Yes |
| Number of deposit methods | 13 | 5 | 15 |
| Base Currencies | EUR, USD, GBP | EUR, USD, GBP, AUD, CAD, SGD, JPY, CHF, CNY | USD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, AUD, SGD, JOD, AED |
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.
Does BDSwiss offer deposit bonuses?
BDSwiss does not offer a deposit bonus to clients.
However, that doesn’t mean there aren’t other brokers that offer them, so you might find it useful to check our top 10 with the best forex brokers with bonuses and promotions.