Since its foundation in 2012 BDSwiss has grown rapidly and now services more than 1.6 million customers worldwide. This customer base continues to grow thanks not only to the global presence of the broker, but also to the excellent low spreads, and the trusted regulation BDSwiss has in place.
Here are the main strengths of BDSwiss as a broker:
- Wide range of account types
- Several trading platforms available
- Low minimum deposit
- Global presence with multiple office locations
What Is Our Opinion On BDSwiss?
BDSwiss is an Market Maker broker serving more than 1.6 million users. It offers floating spreads from 0 pips with the Zero Spread account and from 1.0 pips on other accounts. While BDswiss has a higher minimum deposit on some advanced account types, there are many with lower deposits and great features.
The minimum deposits mentioned can range from low at $10 to $250 depending on the account type.
What are the BDSwiss Pros and Cons?
Pros:
- BDSwiss has a very wide presence with offices in many countries worldwide
- BDSwiss are very well-regulated having multiple respected bodies on board
- Deposits and withdrawals are generally free of any fees
- BDSwiss are able to offer very fast and efficient order execution to traders
Cons:
- Only 4 base currencies are made available
- Inactivity fees are charged
- There are relatively few assets available to trade given the size of the broker
The table below charts some of the key broker areas and points to note in each.
If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to BD Swiss.
| BDSwiss offer | Advantages | Problems |
|---|---|---|
| Demo Account | No risk, virtual funds | It lasts only 30 days |
| Minimum Deposit | From $10 | The most advanced accounts may require deposits up to $250 |
| Forex | Spreads from 0 pips | The Zero Spread account has a high minimum deposit |
| Islamic Account | Fully Sharia law compliant | No cons |
Forex and CFDs Review
Trading forex with BDSwiss you will have access to a range of more than 50 forex pairs. This range is supported by very low spreads from the broker. 0 pips is available if you are trading on the Zero Spread account with a $5 commission added on Forex.
The VIP account has a $250 minimum deposit while the Classic and Cent accounts features a great, low $10 minimum amount. The only point to note here besides these minimum deposits is that the spreads are a little higher than some other forex brokers.
Pros:
- The BDSwiss Zero Spread account has a low starting spread from 0 pips
- A $10 minimum deposit is available with the Classic and Cent Accounts
- Commission-free trading on certain instruments is possible with VIP, Classic and Cent accounts
Cons:
- 50+ forex pairs may be limited for some experienced traders
- Both Zero Spread and VIP account minimum deposits are high
- A $5 commission on FX is added to trades with the Zero Spread account
- Aside from the Zero Spread account, spreads are higher compared to other fx brokers
Islamic Account Review
Great news as an Islamic trader is that a BDSwiss Islamic account is available. This account type is fully compliant with Shariah law and no swap fees are charged at all.
The rollover fee you would usually incur is instead replaced by another fee but only if you keep the position open 10 calendar days or more.
Pros:
- The account is fully compliant with Shariah law
- There are no additional fees in the majority of situations
Cons:
- Another fee is added but only applied if you hold a position open for 10 days or more
Is BDSwiss Regulated And Legit?
Top quality regulation is of course a vital area for any broker. To this end, BDSwiss has some top-tier regulation in place including FSC in Mauritius, the FSA in the Seychelles, the FSCA in South Africa and the MISA license in Mwali.
Foundation and Offices
BDSwiss has continued to grow and expand and now operate multiple offices worldwide catering for traders around the world.
Awards
BDSwiss on top of the other positives, are also an award-winning broker. They have collected a multitude of awards, including:
- Best Research and Education Provider LATAM 2024 at UF Awards
- Most Innovative Broker LATAM 2024 at UF Awards
- Fastest Growing Forex Broker 2024 at Fast Bull Awards
In Which Countries is BDSwiss not Available?
BDSwiss is available in more than 180 countries and offers their services to more than 1.6 millions customers.
- Congo
- Eritrea
- Libya
- Mauritius
- Somalia
- South Sudan
- Sudan
- Syria
- Bonaire
- Puerto Rico
- United States
- US Territories
- DPR Korea
- Iran
- Myanmar
- Japan
- All european countries
What Are BDSwiss 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 Classic Account
The BDSwiss Classic 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 $10 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 Classic account type start from a spread of 1.3 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 personal account manager, VIP access to Trading Alerts and webinars. The minimum deposit for the BDSwiss VIP account type is $250.
BDSwiss Zero Spread 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 on forex trades. The account type also includes full Autochartist access alongside the VIP Trading Alerts and Webinars. The minimum deposit for a raw account at the broker is $100.
BDSwiss Islamic Account
A BDSwiss Islamic account is offered on all account types. 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.
How Can You Deposit And Withdraw With BDSwiss?
Account Base Currency
BDSwiss caters for a total of 4 base currencies. These are USD, EUR, GBP, and ZAR. This can be great as it saves you paying a conversion charge if your deposit or withdrawal method does 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 $10 for the DBSwiss Classic Account, rising to $250 for the DBSwiss VIP Account, and finally $100 for the DBSwiss Zero Spread Account.
Deposit Methods
A wide range of deposit currencies are accepted. These include EUR, USD, GBP & ZAR.
When it comes to deposit methods that are accepted, these include wire transfer, credit/debit cards that are Visa, MasterCard, and eWallets that are Skrill or Neteller, and a range of other methods including Korapay, Ozow, Pix, Beeteller, Pay Retailers. 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 24 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 $100 with a bank transfer though, a $10 broker fee will apply.
How Much Are Trading Fees With BDSwiss?
A floating spread is offered at BDSwiss. This starts from a low point of 0 pips on a Zero Spread account, though a $5 round turn commission is applied here on FX. On the other account types, the spreads start from 1 pip, or 1.3 pips which is a little high. The Raw account is very competitive but requires a minimum deposit of $100 to open.
If you are trading crypto, the spreads are very high compared to almost any other broker. Here is a sample of the spreads available on some of the most popular assets:
- EUR/USD – 0.0 pips (Zero Spread Account)
- Gold – 0.28 pips
- SPX500 – 0.43 pips
- US Shares – 0.15%
- Bitcoin – 33$
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.
How Much Are Non-Trading Fees With BDSwiss?
Inactivity Fees
A BDSwiss inactivity fee is charged if you are inactive for 90 days or more. This fee is charged at $30/month until the balance reaches $0.
Which Markets Does BDSwiss Offer?
BDSwiss offers CFD trading only. There are over 250 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 on FX. If you want to trade without commission then the spread can start from 1 pip.
Commodities
The broker provides trading in a total of 6 commodities assets. These include 4 metals that can be traded against the EUR or USD, and 1 energies commodity.
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, UK and across Europe.
Cryptocurrencies
BDSwiss crypto offering includes a total of 26 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, again as CFDs.
How Are Execution, Leverage And Position Sizing With BDSwiss?
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 a Market Maker 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 $00 to $250, you should have plenty of funds to enjoy a complete trading experience in all cases.
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 or GMT+2 (depending on summer or winter time). 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.
Forbidden trading 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.
What Platforms Does BDSwiss Offer?
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 or Cent account, or full access for VIP and Zero Spread 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 Mobile Trading Platform Europe in the 2021 at the Global Banking & Finance Awards. 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.
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 15 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.
What Extra Trading Services does BDSwiss Offer?
Social Trading – Copy Trading
At the moment, BDSwiss offers 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.
How Is BDSwiss Customer Service?
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.
Customer Service
Strong language support is again evident with customer service. 15 languages are supported and a live chat, email, and online contact forms are all provided.
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.
Does BDSwiss Have Research And Education Services?
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 several 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.
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.
