BDSwiss Review 2020 and Technical Opinions

Filippo Last Updated: September 2020 20 min read
security 95
cost 74
trading 46
education 100
Rated: Excellent
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BDSwiss review
Security

We begin our BDSwiss review in a key area no matter which broker you are dealing with. This area is security. Here we will take a detailed look at exactly how the broker prioritize your security and what measures they have in place to ensure this for all traders.

BDSwiss

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Foundation and Offices

BDSwiss has been around in the industry since 2012 when the broker was founded in Switzerland. They have continued to grow and expand from that point and now operate a total of 10 offices catering for traders around the world. The worldwide locations include some of the following:

Cyprus
Ioanni Stylianou 6, 2nd floor,
Office 202, 2003 Nicosia, Cyprus

Germany
Holsteinische Strasse 55, 10717,
Berlin, Germany.

Mauritius
6th Floor, Nexteracom Building,
Ebene, Mauritius.

Regulations

Top quality regulation is of course a vital area for any broker. To this end, BDSwiss has some top-tier regulation in place from the following bodies depending on the broker entity you are registered under.

If you are trading through the BDSwiss Holding PLC entity in Europe, then regulation comes from CySEC (#199/13). The BDS Markets entity is regulated by the FSC in Mauritius (#C116016172), the BDS Ltd entity is regulated by the FSA in the Seychelles (#SD047), and finally in the US, BDSwiss LLC is regulated by the NFA (#0486419).

A point to note on the broker US regulation is that even though they are regulated and have permission to operate there, they do not currently offer services in the US, though this may change in the future.

Money Protection

Combined with the tier 1 regulation they have in place, BDSwiss enact a number of additional measures to improve your trading safety and security. These measures include the offering of negative balance protection meaning you can’t lose any more than you deposit, and the use of segregated accounts at top-tier banks which means if the broker did have any serious financial problems, your funds would always remain protected.

Furthermore, if you are an EU trader, you may be eligible for coverage from the ICF insurance provided by the broker. This will provide further cover of up to €20,000 if BDSwiss did encounter any serious financial difficulty.

Awards

BDSwiss on top of the other positives, are also an award-winning broker. They have collected a multitude of awards having won at least 7 in the last few years since 2018. These include awards for the best trading app in both 2018, and 2019 from Mobile Star Awards, awards in 2019 for best trading conditions, best order execution, and best FX and CFD provider, and more in 2020 for best trading conditions again from World Finance, and the 2020 best affiliate program in Asia from Global Banking and Finance Review.

Not Accepted Clients

BDSwiss is available in more than 180 countries and offers their services to more than 1.5 millions customers. This is great coverage but there are still a few exceptions. Here are some areas where service is not offered:

    • Eritrea
    • Libya
    • Mauritius
    • Seychelles
    • South Sudan
    • Sudan
    • Bonaire
    • Canada
    • Puerto Rico
    • United States
    • US Virgin Islands
    • DPR Korea
    • India
    • Malaysia
    • Belgium
    • Russia
  • Pros
    • BDSwiss has a very wide presence with offices in many countries worldwide
    • They are very well-regulated having multiple respected bodies on board
    • The broker has collected many awards particularly in the last few years
    • Services are available in more than 180 countries
    Cons
    • Although they are NFA regulated, services in the USA are not yet available

    BDSwiss review
    Costs and Accounts

    The next area to be covered in our BDSwiss review is on the many account types which you will have available to you at the broker, and it will also address any costs of trading which you can expect during the course of trading there.

    The first important point to remember is that you can very easily open a live trading account with BDSwiss. The process here requires just proof of your ID and residence alongside the answers to a few easy trading questions. A passport and bank statement or utility bill are usually enough to satisfy this requirement. You will then be ready to deposit and trade.

    BDSwiss

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    Account Types

    There are several account types for you to choose from at BDSwiss. Here is a more in-depth look at what each has to offer.

    Demo

    Demo accounts are of course a great place to start trading if you are learning about the industry or the broker. There is no risk on a demo account as all funds are virtual, and no obligation to deposit after using the account. With BDSwiss, you will find another good demo account and although it is limited to a 30 day trial period, it is fast and easy to open with the most basic of information.

    BDSwiss Individual Account

    The BDSwiss individual account is a popular choice for many traders with the broker. Here you will find an accessible account type with a low minimum deposit starting from just $100 with a demo account available to try out first. You will also have access to the full educational infrastructure through this account as well as a basic service from Autochartist provided. The trading costs on the individual account type start from a spread of 1.5 pips on major forex markets.

    BDSwiss VIP Account

    The BDSwiss VIP account provides the next level up in terms of service with the broker. Here you will gain full Autochartist access along with a more competitive spread that starts from 1.1 pips, and access to some exclusive content including a VIP Telegram service and webinar access for VIPs only. This account though does not have a demo account available, and you will have to make a minimum of $3000 deposit to get started.

    BDSwiss Raw Account

    The BDSwiss raw account is most competitive in terms of the spread you can access. This starts from 0 pips although there is a commission of $5 per lot round turn added here. The account type also includes full Autochartist access alongside the VIP Telegram service and access to exclusive webinars. The account though does not provide for Islamic trading, and there is no demo account of this type offered. The minimum deposit for a raw account at the broker is $5,000.

    BDSwiss Islamic Account

    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. If you would like to know more about the many great Islamic accounts available in the sector, then you can always check out our article on the best swap free forex brokers.

    BDSwiss Professional Account

    A professional account type is offered by the broker. This is available to EU and UK traders, though you do have to meet at least two of the following requirements:

    • You must have made an average of 10 transactions of significant size per quarter in the past year
    • Possess a financial instrument portfolio of over €500,000 (in your bank or the trading account)
    • Have relevant experience in the financial services sector

    If you qualify, you will receive benefits that include an increased leverage of up to 400:1 on major forex markets.

    Account Base Currency

    BDSwiss caters for a total of 4 base currencies. These are USD, EUR, GBP, and CHF. This can be great as it saves you paying a conversion charge if your deposit or withdrawal method do not match a base currency.

    Deposit

    Here is everything you need to know when it comes to making a deposit with the broker from the minimum deposit needed, to all the methods that are accepted.

    BDSwiss Minimum deposit

    The BDSwiss minimum deposit will depend on the type of account you choose. This minimum deposit is $100 for the DBSwiss Classic Account, rising to $3000 for the DBSwiss VIP Account, and finally $5000 for the DBSwiss RAW Account.

    Deposit Methods

    A wide range of deposit currencies are accepted. These include EUR, USD, GBP, PLN, CHF, SEK, DKK, and NOK with additional local currencies possibly available through online banking, though these may not all be available with each method.

    When it comes to deposit methods that are accepted, these include wire transfer, credit/debit cards that are Visa, MasterCard, and Maestro, eWallets that are Skrill or Neteller, and a range of other methods including Sofort, EPS, iDeal, and DotPay. You may also be able to deposit through online banking in your area. In regards to the timing, the vast majority of deposit methods complete instantly.

    Deposit Fees

    Deposits with BDSwiss are typically fee-free. The broker will also generally cover any fees which you may incur in making a deposit. The only exceptions here may be if you deposit a non-base currency, or have a fee from your bank for using a wire transfer.

    Withdrawals

    Here is the full lowdown when it comes to making a BDSwiss withdrawal.

    Withdrawal Methods

    Withdrawals can be made through wire transfer, credit/debit cards that are Visa or MasterCard, eWallets that are Skrill or Neteller, and through your internet banking. Withdrawals typically take up to 48 hours to complete.

    Withdrawal Fees

    As with deposits, withdrawals are typically fee free and the broker generally helps cover any fees. If you do withdraw less than $20 with a credit/debit card though, a $10 broker fee will apply. The minimum withdrawal through wire transfer to avoid this fee is $100.

    Spreads & Commissions

    A floating spread is offered at BDSwiss. This starts from a low point of 0 pips on a Raw account, though a $5 round turn commission is applied here. On the other account types, the spreads start from 1.1 pip, or 1.5 pips which is a little high. The Raw account is very competitive but requires a minimum deposit of $5,000 to open. If you are trading crypto, the spreads are very high compared to almost any other broker. Here is a sample of the spreads available on some of the most popular assets:

    • EUR/USD – 0.0 pips (Raw Account)
    • Gold – 0.57 pips
    • SPX500 – 0.43 pips
    • US Shares – 0.15%
    • Bitcoin – 190$

    Fees

    There are a couple of additional fees you may well encounter when trading at BDSwiss. Here is more information on both.

    Overnight Fees

    An overnight fee is assessed on basically every asset at the broker since they are a CFDs provider. This fee is charged at the closing hour of the market and since it varies daily, you can access the exact fee amount which may be received or paid based on the asset through your trading platform at the time. This will not apply if you have an Islamic trading account.

    Inactivity Fees

    A BDSwiss inactivity fee is charged if you are inactive for 90 days or more. This fee is charged at 10% of your account balance.

    Pros
    • The broker offers a good selection of account types for all traders to choose
    • A very wide range of deposit methods are made available by the broker
    • Deposits and withdrawals are generally free of any fees
    Cons
    • The demo account is limited to a 30-day trial
    • Only 4 base currencies are made available
    • Spreads are high when compared with other brokers
    • Inactivity fees can be very high depending on your balance

    BDSwiss review
    Trading

    Moving on, we will take a comprehensive look at the whole trading experience at BDSwiss. This includes the range of trading features you can expect to have available as well as the selection of trading platforms and all of the markets you can trade in detail.

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    Trading Features

    Here is a more detailed look at the range of trading features the broker provides, and how they may impact your trading experience.

    Executions

    With executions, BDSwiss is an ECN/STP broker offering trading in CFDs. These types of brokers often collect prices from multiple liquidity providers to offer the best spreads to you as a trader. Due to the STP style, there is also no intervention from BDSwiss in placing your trade. This is a fast, efficient style favored by many traders. In fact, the broker executes a huge value of trades, around 56 million trades each year.

    Sizing

    The minimum trade you can open at the broker is 1 micro lot. This is equal to 0.01 standard lots, or a cash value of $1,000. This is the minimum trade size, though if you employ leverage, you do not need to have this amount in total. Having said that, since the minimum deposit with the broker ranges from $100 to $5,000, you should have plenty of funds to enjoy a complete trading experience in all cases.

    Techniques

    BDSwiss does allow you to engage in both scalping and hedging, while algorithmic trading is facilitated through use of the EAs feature on your MT4 trading platform.

    Risk Management

    The broker, through the trading platforms they provide, are able to facilitate a number of features to assist you with your risk management. This includes setting stop losses, trailing stops, and take profits to manage your active positions, while you can also set limit orders to control your entry position on new orders. The broker also provides margin calls if you are trading on leverage to help you control your level of account equity at all times.

    Trading Hours

    The trading hours listed here for BDSwiss are all displayed on the website too and they are in GMT+3. Forex markets can be traded on a 24/5 basis Monday to Friday as can commodities.. Crypto trading is available 24/7, and other markets like stocks, indices, and bonds will depend on local trading hours. These trading especially on forex and commodities, may slightly vary depending on the asset you are trading.

    Leverage

    Leverage is available with BDSwiss. This will depend both on the entity you are registered with, and the asset you are trading. Under the EU entity of BDSwiss which covers both CySEC and the FCA, your maximum leverage will be 30:1 unless you qualify for a professional account that will expand it to a 400:1 maximum. With the two offshore entities of the broker, BDS Ltd and BDS Markets, the maximum leverage you will be able to access is up to 500:1 on major forex pairs.

    Platforms & Mobile

    Every top broker needs to supply top trading platforms and tools. Here we will see exactly what is on offer in this regard when you are trading at BDSwiss.

    Charting and Trading tools

    The charting tools you will find at BDSwiss are all provided thanks to the MT4 and MT5 trading platforms available. These platforms are known as some of the strongest in the industry when it comes to offering these kinds of tools so you can expect a detailed and customizable experience with both these and the proprietary web trading platform. You will also have access to Autochartist on a limited basis if you have a BDSwiss Classic Traders account, or full access for VIP and Raw account users. This can really prove insightful and further enhance your trading experience.

    BDSwiss Desktop Platforms

    In terms of desktop trading platforms, both MT4, and MT5 are offered at BDSwiss. These are two of the most recognized and powerful trading platforms in the industry providing a wealth of tools. They are also easy to use, run on almost all devices without issue, and provide a great depth of more than 50 charting and trading tools as standard including a market sentiment indicator. These trading platforms will be available on both your windows and mac devices.

    BDSwiss WebTrader

    The BDSwiss WebTrader is the brokers own proprietary trading platform. This is extremely user-friendly and intuitive. There is also no need for a download of this platform. What it provides is support for more than 20 languages, a huge number of charting tools and functions, and some of the fastest trading execution in the industry with no requotes.

    BDSwiss Mobile Platform

    The BDSwiss mobile trading platform is award winning having picked up the Best Trading App award from Mobile Star in both 2018, and 2019. It features all of the best features of the desktop and web-based platforms and allows you to completely manage your account including deposits and withdrawals as well as interactive charting and trading. It is a powerful and popular mobile trading platform.

    Markets

    BDSwiss offers CFD trading only. There are over 200 assets available in total to trade. Here is a look at the exact assets available in each market.

    Forex

    BDSwiss provides for trading in more than 50 forex pairs. These include major, minor, and exotic pairs and the spread can start from as low as 0 pips with a $5 commission. If you want to trade without commission then the spread can start from 1.1 pips.

    Commodities

    The broker provides trading in a total of 7 commodities assets. These include 4 metals that can be traded against the EUR or USD, and 3 energies in the form of natural gas, WTI, and Brent Oil.

    Indices

    A total of 10 indices from all around the world can be traded as CFDs. These include the EU50 and 3 other European stock exchanges on top of the NASDAQ, SPX, and US30 in the USA, and markets in Australia, the Uk, and Hong Kong.

    Stocks

    Trading is made available in more than 140 stocks as CFDs in major companies from around the world. These stocks are listed on exchanges in both the US, and across Europe.

    Cryptocurrencies

    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.

    Products

    Here is a more detailed look at other products you may encounter during your time trading with BDSwiss.

    BDSwiss Proprietary Trading Platform

    As explained above, these platforms are available both as a webtrader and on mobile. They are award-winning and support more than 20 languages in total. This, combined with a very user-friendly interface which is very easy to navigate make them both a popular and powerful choice. They both cater for an extensive number of charting tools and functions, provide super-fast order execution, and do not offer any requotes.

    Social Trading – Copy Trading

    At the moment, BDSwiss does not offer social or copy trading services with the exception of using your EAs feature through MT4 to employ strategies you find out from the trading community.

    Pros
    • They are able to offer very fast and efficient order execution to traders
    • A good choice of trading platforms is available including well-known and proprietary options
    Cons
    • There are relatively few assets available to trade given the size of the broker
    • They do not offer any direct social or copy trading features

    BDSwiss review
    Education and Support

    Finishing our BDSwiss review in another key area that can impact not only your present experience with a broker, but also your future development in the sector, we will take a detailed look at what is on offer at BDSiss when it comes to education, and the support you receive as a trader.

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    Languages

    The broker makes a huge range of languages available. There are a total of 22 supported by the website. These include English, Spanish, French, Arabic, and Russian as well as a strong selection of Asian languages such as Chinese, Korean, Thai, Hindi, and more.

    Research

    When it comes to research, BDSwiss do an excellent job in providing for a well stocked and insightful offering. They offer the detailed take of 8 different professional analysts each specializing in their own area as well as in-depth market news that is regularly updated. You will also find a technical analysis section with a breakdown provided for many markets and assets. A broader weekly outlook is also provided, as is a daily preview of the market in video form. Overall it is a great chance to gain some insight into many of the different assets available to trade.

    Customer Service

    Strong language support is again evident with customer service. 10 languages are supported and a live chat, email, and phone contacts are all provided with many of the phone numbers available locally depending on your location. There is also a well detailed FAQ section available which means you may not have to personally contact the support team if you have a commonly asked question.

    Education

    The broker continues to shine with their education section. Here they deliver a top quality training academy with video courses catering for all levels of trader and specifically dedicated to three areas, beginner, intermediate, and advanced. A useful range of forex seminars are also made available to you, as are a number of live educational lessons delivered by an expert and titled “trading talks”. This provides the perfect environment for you to learn and grow no matter what your current knowledge level is.

    Pros
    • A great level of language support is provided with 22 languages catered for
    • The broker provides a dedicated and top-quality research section
    • Customer service is excellent through several mediums
    • They have a strong education section and trading academy to help all traders
    Cons
    • No cons

    BDSwiss review
    Our Opinion

    Overall, our BDSwiss review has noted that they are one of the most widely available brokers offering trading services worldwide in more than 180 countries and in more than 20 languages. This makes them a strong force particularly when combined with their focus on security and how they provide a well-regulated trading environment with excellent oversight from several respected bodies.

    On the trading side, they offer an accessible and low minimum deposit from just $100 even if the spreads are a little high. Although the starting costs for a BDSwiss Raw account are a little high with a $5,000 minimum deposit, this does provide great value spreads and the best the broker has to offer. From this point, they are an attractive proposition for more experienced traders when the comprehensive research section is also considered. This does not mean they forget about new traders though, and their education section is one of the best in the business.

    In all, the broker are multi-award winning across their entire service and including for their top quality mobile platform. So, if you are looking for a safe, high-quality broker to offer a strong trading experience and an excellent level of market insight and continued development availability, then you need not look much further than BDSwiss to meet all of these goals.

    BDSwiss Pros and Cons

    Pros

    • The broker offers huge availability with trading offered in more than 180 countries.
    • They combine this availability with excellent physical office presence worldwide.
    • BDSwiss deposit and withdrawal features are extensive and try to cater for as many methods as possible.
    • Their order execution methods are popular both for speed and efficiency.
    • Over 20 languages are supported making the broker extremely accessible to all.
    • A great research section is provided with significant depth of detail and great insight.
    • The excellent trader academy provides top education to traders of all skill levels.

    Cons

    • The BDSwiss demo account is unfortunately limited.
    • Spreads are generally high across the account types and assets at the broker compared to others.
    • Account costs and fees are also generally a little higher than you may find elsewhere.
    • The number of assets available for trading is quite limited considering the status of the broker.
    • No social or copy trading features are provided for at BDSwiss.

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    BDSwiss Review 2020 and Technical Opinions

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    Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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