WHAT IS BDSWISS?

BDSwiss as a brand was established in 2012 and since then, it has become a reputable online brokerage firm offering more than 250 CFD instruments such as Forex, Shares, Indices, Commodities & Cryptos.

BDSwiss’ first headquarters were located in Limassol and the company later expanded with offices in Kosovo, Mauritius, Malaysia, Philippines, Seychelles, Dubai, Madrid, Sofia and Nigeria. The online broker is regulated by the FSC, FSA, FSCA and MISA.

BDSwiss offers a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), the BDSwiss mobile app and its in-house developed platform the BDSwiss WebTrader to provide an enhanced trading experience and more market opportunities.

INTRODUCTION

BDSwiss has been in the market since 2012 and has established itself as a leading financial institution in the online trading industry with a broad range of platforms and services that cater to the needs of both beginner and experienced traders.

The company has seen a great expansion with more than 1,700,000 registered clients from more than 180 countries and over 11,300,000 trades every year. BDSwiss’ average monthly trading volume exceeds 40 billion USD.

The company’s multilingual support provides 24-hour assistance, 5 times a week.

When clients open a trading account with BDSwiss, they can benefit from competitive conditions such as up to 1:2000 leverage, zero spreads, fast trading execution speed and transparent trading with direct market prices.

Traders can diversify their portfolios through CFD trading on a wide range of global markets and develop their trading skills through a plethora of educational resources and daily live educational webinars. BDSwiss maintains a user-friendly trading environment and a number of innovative trading tools such as Trends Analysis, Trade Companion, Autochartist, Trading Central and Trading Alerts that provide access to deeper technical analysis, trading performance insights and key opportunities and trends.

PROS & CONS

Pros

Fast and swift opening account process

Well-regulated and awarded broker

Excellent research and educational tools

Leverage up to 1:2000 and 0 spreads

Innovating trading tools and user-friendly mobile app

No deposit & withdrawal fees on credit card transactions

Low trading fees

High-quality multilingual client support

Many asset types

A number of payment options

BDSwiss Demo Account available

Copy Trading through ZuluTrade

Islamic/Swap-Free Account available

24/7 Crypto Trading

Awarded Partnership Programme

Cons

No phone support

Inactivity fee applicable

No Email/Mobile/SMS alerts

No free VPS hosting is available

Limited to USD, EUR, GBP and ZAR as account base currencies

Does not accept clients from the EU and the USA

TRADING INSTRUMENTS

At BDSwiss, clients can choose between six trading instruments to trade with. Forex CFDs, Commodities CFDs, Shares CFDs, Indices CFDs, Cryptocurrency CFDs, ETFs CFDs and Bonds CFDs.

Forex: BDSwiss offers access to the world’s most liquid and most traded market through more than 50 major, minor and exotic pairs from as low as 0.0 spreads. It offers a Dynamic Leverage of up to 1:2000 for major pairs and a Default Leverage of up to 1:400 for minor and exotic pairs.

Commodities CFDs: At BDswiss traders can trade long or short on both rising and falling prices of popular commodities including oil and gold against major currencies with flexible leverage and commissions starting from 0.00.

Stock CFDs: Clients can choose from hundreds of shares of the world’s biggest brands, including Amazon, Meta Platforms, Inc., Tesla, Apple, Microsoft and Alphabet. They can trade from 0.01 lots.

Indices CFDs: The broker delivers a great range of the world’s leading indices including the S&P500, FTSE and Dow Jones. Available through BDSwiss Classic and VIP accounts.

Cryptocurrency CFDs: Clients can trade CFDs on Cryptos (Bitcoin, Litecoin, Ripple and Ethereum) 24/7 through the BDSwiss mobile, web and desktop platforms.

ETFs CFDs: BDSwiss clients can diversify their portfolios with over 80 ETFs CFDs from the world’s leading exchanges. ETFs at BDSwiss are offered with direct market access exclusively on the StockPlus Account and with up to 1:5 leverage.

TRADING PLATFORMS

BDSwiss maintains a range of cutting-edge trading platforms to provide traders with a seamless and advanced trading experience.

The world leaders MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms

The BDSwiss Mobile app

Multi-awarded

User-friendly interface

Available on iOS and Android

Traders can set your account, trade, deposit and withdraw

Real-time quotes and interactive charts

Full trading and transactions History

24/7 Crypto trading

BDSwiss WebTrader

Accessibility from all browsers

No downloading

Intuitive Order Window

Available in 20+ Languages

Exclusive trading analysis tools

Variety of charts and indicators

Access to ZuluTrade for Copy Trading

Available through a BDSwiss Zulu account

ACCOUNT TYPES

BDSwiss offers these account options:

Cent:

For specific regions only

Minimum Deposit $10

Ideal to trade using lower capital and have limited exposure

Classic:

Minimum Deposit $10

Most popular account, suitable for all types of traders

Dynamic Leverage: Up to 1:2000, Default leverage: Up to 1:400

VIP:

More premium features

Minimum Deposit $250

Dynamic Leverage: Up to 1:2000, Default leverage: Up to 1:400

Commission: $0 on all pairs, $0 on indices & 0.15% on shares

Access to Trading Alerts, VIP Webinars

Zero-Spread:

From 0 spreads

Minimum Deposit $200

Dynamic Leverage: Up to 1:2000, Default leverage: Up to 1:400

VIP Access to Trading Alerts, VIP Webinars

StockPlus:

For specific regions only

Minimum Deposit $200

Commission: Unleveraged Shares: $0, Leveraged Shares & ETFs: 0.1%

Access to 900+ Shares and 80+ ETFs

Optional leverage 1:5

Other:

Demo Account

Traders can test on Demo Account

Virtual Balance up to $1,000,000.

Corporate Account

Islamic / Swap-Free Account

HOW TO OPEN AN ACCOUNT

The BDSwiss account process is relatively easy and straightforward.

The client can sign up from the BDSwiss website.

Upon sign-up, the client is obligated to provide personal details, complete the Appropriateness Test and the Economic Profile Questionnaire and submit supporting documents (Proof of Identification and Proof of Residence) for verification. Document verification can take up to 48 hours to be completed.

Once verified the client can choose his/her account type from the dashboard, deposit the minimum amount and start trading.

BDSwiss allows up to 6 different trading accounts, 2 Classic, 2 VIP and  2 Zero-Spread accounts.

COPY TRADING

BDSwiss collaborates with ZuluTrade to give traders the opportunity to engage in Copy/Social trading through the ZuluTrade trading platform. It is a way for busy or inexperienced traders to replicate successful traders’ strategies and save time.

Clients register and open a BDSwiss Zulu account through the ZuluTrade website.

Clients fund and connect their BDSwiss ZuluTrade account

They choose the leader they wish to follow and start copying

COMMISSIONS & FEES

BDSwiss does not charge any fees on deposits or withdrawals processed via a credit card.

Overnight charges/Swap fees for positions open overnight

Currency conversion may apply

BDSwiss charges variable spreads on forex, crypto and commodity pairs depending on account type. For indices and shares, there is a fixed commission fee depending on the account type. More information can be found on the broker’s website.

Inactivity fee: If no trading activity occurs for over 90 consecutive days, a monthly fee of $30 or base trading account currency equivalent will be deducted from the client’s account balance until the account balance is $0.

 LEVERAGE

BDSwiss offers Default and Dynamic Leverage.

Default Leverage offers efficient capital utilisation while allowing clients to manage their risk and market exposure responsibly to safeguard their investments, while Dynamic Leverage ensures that as your trading volume amplifies, the leverage decreases. Depending on the trading volume, the leverage will vary.

Traders at BDSwiss can benefit from dynamic leverage up to 1:2000 and default up to 1:400.

WITHDRAWALS AND DEPOSITS

BDSwiss allows traders to instantly deposit using a number of secure payment providers on a user-friendly client portal without charge. Funds can be deposited using several ways like Credit Cards, e-payment methods, e-wallets and other online payment systems and bank wire transfers. The bank wire transfers take 1-5 days. African mobile payment methods like M-PESA, Ozow and KoraPay are also available.

BDSwiss does not charge any fees on deposits or withdrawals processed via a credit card.

Withdrawals are processed within 24 hours and can be completed using the same method the client used to fund his/her trading account. Deposits can only be made by the account holder.

CUSTOMER SERVICE

BDSwiss’ customer support operates 24/5 and is delivered in 15 languages through Live Chat, an online contact form available on the BDSwiss website and email. BDSwiss does not offer phone support, though live and email support is promptly delivered and a comprehensive FAQ list is available on the BDSwiss website to answer clients’ questions in a clear and concise manner.

SAFETY AND SECURITY

BDSwiss is a global and multiregulated broker authorised by:

FSC: BDS Markets is authorised and regulated as an Investment Dealer by the Financial Services Commission (FSC) Mauritius under license number C116016172.

FSA: BDS Ltd is authorised and regulated as a Securities Dealer by the Financial Services Authority (FSA) Seychelles under license number SD047.

FSCA: BDSwiss Markets SA (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA) South Africa under license number FSP 49479.

MISA: BDS Investments LTD is authorised and regulated by the Mwali International Services Authority (MISA) under license number T2023244.

 The broker ensures the safety of its client’s information and funds as follows:

Two-step authentification

Negative balance protection

Segregation of Funds

Stop-loss

Margin Call

Trailing stops

 RESEARCH

The broker provides different research material through Daily Market Analysis, Technical Analysis, Daily Videos and Weekly Outlook reports. These offer traders daily and weekly financial commentary on the main economic events, technical setups, video briefs and up-to-date market insights. The broker’s Research Team has been featured in world-leading publications.

Moreover, each report is provided on the broker’s website and is made up of charts and written content. The only drawback is that these reports are only available in English and they do not have a localised approach.

Also, another item that complements the BDSwiss’ in-house research is their Telegram Trading Alerts service which enables traders to receive timely, expert daily analysis and avoid consuming time to read charts or complicated analysis. These alerts indicate possible price direction in buy or sell terms and entry and stop levels. However, this is exclusive only to VIP and Zero-Spread account holders.

A Live Forex Heat Map and an Economic Calendar are also available.

EDUCATION

BDSwiss offers exceptional educational resources with high-quality content designed for both beginner and seasoned traders.

The BDSwiss Trading Academy is the broker’s online resource gateway where traders can find a forex glossary, forex basics lessons, a series of educational webinars and forex ebooks. Additionally, BDSwiss regularly organises local seminars where traders can further expand their knowledge on forex trading through workshops, talks and conferences. Recently, BDSwiss educational local activities have expanded to the Philippines and Africa.

Educational Webinars:

The BDswiss Educational Webinars take place every 3 weeks and are hosted by the BDSwiss Research and Analysis team. These webinars focus on a comprehensive range of topics, from technical analysis to risk management strategies. These sessions are designed to empower traders with practical insights, actionable information, real-time market insights and interactive discussions. The webinars are recorded and are accessible anytime on the BDSwiss YouTube channel.

There are also daily webinars hosted by the BDSwiss’ technical analyst and professional trader who covers a wide array of topics on market trends, analysis techniques, trading strategies and more. The BDswiss daily webinars aim to keep traders updated on current market conditions, offering real-time analysis based on the day’s events.

It is also noteworthy that BDSwiss has received a number of awards that honour its research and educational services. The latest ones are BEST FX EDUCATIONAL BROKER by Forex Expo Dubai Awards and BEST FOREX RESEARCH & EDUCATION PROVIDER award by UF Awards.

GLOBAL AWARDS

BDSwiss has been recognized and awarded several times for its trading conditions, research, education and partnership programme.

Awards received over the last three years:

• BEST FX & CFDs PROVIDER, 2020 – International Investor Awards
• BEST TRADING CONDITIONS, 2020 – World Finance Awards
• BEST MARKET RESEARCH PROVIDER, 2020 – FxScouts Awards
• BEST MOBILE TRADING PLATFORM EUROPE, 2021 – Global Banking & Finance Awards
• BEST FX RESEARCH & EDUCATION PROVIDER, 2021 – World Finance Awards
• BEST MARKET RESEARCH PROVIDER, 2021 – FxScouts Awards
• BEST SPREADS AND TRADING CONDITIONS, 2022 – International Investor Awards
• BEST BROKER FOR INVESTOR EDUCATION, 2022 – Fazzaco Business Awards
• FASTEST DEPOSITS & WITHDRAWALS, 2022 – ForexExpo Dubai Awards
• BEST PARTNERS PROGRAM, 2022 – International Investor Awards
• FASTEST GROWING MULTI-ASSET BROKER LATAM, 2023 – Gazet International Magazine
• BEST IB/AFFILIATE PROGRAM AFRICA, 2023 – FAME Awards
• FASTEST GROWING FOREX BROKER DUBAI AWARD, 2023 -Global Banking & Finance Awards
• BEST IB/AFFILIATE PROGRAMME – APAC, UF AWARDS, 2023 – UF Awards
• BEST FOREX RESEARCH & EDUCATION PROVIDER, 2023 – UF Awards
• BEST GLOBAL PARTNERSHIP PROGRAMME, 2023 – UF Awards
• BEST FX EDUCATIONAL BROKER, 2023 – Forex Expo Dubai Awards
• BROKER OF THE YEAR, 2023 – Mindanao Traders Expo

In addition, the company has shown an active commitment to Corporate Social Responsibility (CSR) by engaging in various initiatives. The company supports educational programmes, conducts charity events, sponsors and collaborates with independent non-profit organisations and participates in efforts focused on social and environmental causes.

Partnership Programme

The awarded BDSwiss Partnership Programme provides Affiliate and Introducing Broker opportunities and individuals can benefit from competitive commissions and rewards. The programme has seen remarkable success, fostering mutually beneficial relationships with partners worldwide. Through this programme, individuals have leveraged BDSwiss’ reputable brand and diverse range of trading products and services to effectively attract and refer clients. The programme’s flexibility and comprehensive support have empowered affiliates to thrive, contributing significantly to the growth and expansion of BDSwiss’ client base globally. Some of the benefits of the BDSwiss Partnership Programme include Competitive remuneration plans, free marketing and educational material, advanced reporting and tracking solutions, customisable payment plans and a personal account manager. BDSwiss boasts a global network exceeding 20,000 affiliates and IB partners.

SAFE OR SCAM?

BDSwiss is considered to be a respectful and legitimate brokerage firm that complies with regulatory standards and is authorised by a number of global regulators (FSC, FSA, FSCA, MISA).

The online broker has won many industry awards over the last few years as listed above and is regarded as a genuine and transparent forex and CFD broker. Its overall Trustpilot score is 4.7, with reviews highlighting its excellent customer support service.

BDSwiss has evolved into an industry leader in online forex trading with more than          1, 700,000 registered traders globally. More than eleven million trades are made every year by the broker’s clients.

With BDSwiss, you can expect fair market pricing through direct liquidity, 100% transparency about charges and fees, a user-oriented trading environment and advanced trading platforms. The online broker is also characterised by reliable and fast trade execution.

Also, client funds are kept separate from the company’s operational funds to help protect clients in case of financial difficulties faced by the broker. Moreover, the company employs advanced security protocols to safeguard client data and transactions. Encryption and secure authentication methods are often used to protect sensitive information. Clear terms and conditions, including details about fees, withdrawal procedures, and risk disclosures, are provided to clients.

CONCLUSION

According to our research and based on the regulatory bodies that oversee and authorise the operations of BDSwiss, we consider BDSwiss a safe online broker to trade with. It is also ideal for beginner traders who seek to learn and trade.

As mentioned above, the broker has an easy and swift process for account opening, there are diverse deposit and withdrawal options to choose from and clients can rely on its robust customer support. Additionally, the variety of trading tools, the innovative trading platforms and the user-friendly BDSwiss mobile app complement a trader’s experience with BDSwiss.

In our opinion, BDswiss stands out as a reputable brokerage that boasts a large user base, fair market pricing, a transparent trading environment and a thriving Partnership Programme.