BDSwiss Review |
|
| 📅 Year founded |
2012 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Mahe, Seychelles |
| 🌍 Country of regulation |
Mauritius / Seychelles / South Africa |
| ✅ Regulators |
FSC / FSA / FSCA / MISA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$10 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 / BDSwiss Mobile App / BDSwiss WebTrader |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Commodities / Shares / Indices / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android |
| 💳 Payment Types Accepted |
Major credit and debit cards / Korapay / Pix / Beeteller / Cryptocurrencies / Wire Transfer / Mobile Transfers / GCash / PayMaya / PromatPay / DuitNow / Viet |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Partnership Programme on offer |
| 💰 Account Currencies |
USD / EUR / GBP / ZAR |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
PAMM / MAM |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
After 90 days of inactivity |
| 💰 Withdrawal fee |
No |
| ☎ Customer Support |
24/5 in over 20 languages |
| 💰 Max. Leverage |
2 000:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Zero (Classic) / $3 USD per lot (Zero Spread) |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Dynamic |
| 💰 Currency Pairs (Total Forex pairs) |
50 + |
| 🔢 Number of clients |
1 700 000 + |
| 🥇 Instruments Offered |
250 + |
| 📙 Education |
Learning Centre / eBooks / Live Education / Forex Basic Lessons / Forex Glossary / Educational Videos / Seminars |
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 and cryptocurrencies.
BDSwiss’ first headquarters were located in Limassol, Cyprus and the company later expanded with offices now also located 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 MetaTrader4 (MT4), MetaTrader5 (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, placing over 11 300 000 trades every year. BDSwiss’ average quarterly trading volume exceeds $98 000 000 000 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 2 000:1 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 account opening process.
- Well-regulated and awarded broker.
- Excellent research and educational tools.
- Leverage up to 2 000:1 and spreads from 0.0 pips.
- 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
- 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 five trading instruments to trade with. Forex CFDs, commodities CFDs, shares CFDs, indices CFDs and cryptocurrency 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 spreads as low as 0.0 pips. It offers a dynamic leverage of up to 2 000:1 for major pairs and a default leverage of up to 400:1 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 $0.0 USD.
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. Traders can place trades from as little as 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 cryptocurrencies (Bitcoin, Litecoin, Ripple and Ethereum amongst others) 24/7 through the BDSwiss mobile, web and desktop platforms.
TRADING PLATFORMS
BDSwiss maintains a range of cutting-edge trading platforms to provide traders with a seamless and advanced trading experience. BDSwiss offers the world leading MT4 and MT5 platforms.
The BDSwiss Mobile app:
- Multi-awarded.
- User-friendly interface.
- Available on iOS and Android.
- Traders can set up their account, trade, deposit and withdraw.
- Real-time quotes and interactive charts.
- Full trading and transactions History.
- 24/7 cryptocurrency trading.
BDSwiss WebTrader
- Accessibility from all browsers.
- Does not require 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 a wide range of account options that can be found below:
Cent:
- For specific regions only.
- Minimum deposit of only $10 USD.
- Ideal for trading with lower capital and limited exposure.
Classic:
- Minimum deposit of only $10 USD.
- Most popular account, suitable for all types of traders.
- Dynamic leverage of up to 2 000:1
- Default leverage of up to 400:1.
VIP:
- More premium features.
- Minimum deposit of $250 USD.
- Dynamic leverage of up to 2 000:1
- Default leverage of up to 400:1.
- Commission from $0 on all pairs, $0 on indices and 0.15% on shares.
- Access to Trading Alerts and VIP Webinars.
Zero-Spread:
- Spreads from 0.0 pips.
- Minimum deposit of only $200 USD.
- Dynamic leverage of up to 2 000:1
- Default leverage of up to 400:1.
- VIP Access to Trading Alerts and VIP Webinars.
StockPlus:
- For specific regions only.
- Minimum deposit of $200 USD.
- Commission on unleveraged shares of $0 USD / leveraged shares and ETFs from 0.1%
- Access to 900 + shares and 80 + ETFs.
- Optional leverage of up to 5:1.
Other:
- Demo Account where traders can receive up to $1 000 000 in virtual currency.
- Corporate Account.
- Islamic / Swap-Free Account.
HOW TO OPEN AN ACCOUNT
Opening a BDSwiss account is a relatively easy and straightforward process.
Clients 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 may then fund and connect their BDSwiss ZuluTrade account.
Clients then choose the trader they wish to follow and start copying their trades. It is as easy as that.
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 (unless the Islamic account is selected).
- Currency conversions may apply depending on the payment process used.
- BDSwiss charges variable spreads on forex, crypto and commodity pairs depending on the selected 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 USD or the base trading account currency equivalent will be deducted from the client’s account balance until the account balance is $0 USD.
LEVERAGE
BDSwiss offers both default and dynamic leverage:
Default Leverage
Default leverage offers efficient capital utilisation while allowing clients to manage their risk and market exposure responsibly to safeguard their investments.
Dynamic Leverage
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 2 000:1 and default up to 400:1.
WITHDRAWALS AND DEPOSITS
BDSwiss allows traders to instantly deposit money using a number of secure payment providers on a user-friendly client portal without charge. Funds can be deposited via several options including credit / debit cards, e-payment methods, e-wallets and other online payment systems and bank wire transfers. Bank wire transfers may 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. Withdrawals can only be made by the account holder.
CUSTOMER SERVICE
BDSwiss’ customer support operates 24/5 and is delivered in 20 languages through Live Chat, an online contact form available on the BDSwiss website, and email. BDSwiss does not offer phone support as yet, though the live and email support options are 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:
BDSwiss Markets is authorised and regulated as an Investment dealer by the Financial Services Commission (FSC) of Mauritius under license number C116016172.
FSA:
BDS Ltd is authorised and regulated as a securities dealer by the Financial Services Authority (FSA) of 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.
This broker ensures the safety of its client’s information and funds as follows:
- Two-step authentication.
- Negative balance protection.
- Segregation of Funds.
- Stop-losses.
- Margin calls.
- Trailing stops.
RESEARCH
The broker provides different research material on its websites under the following tabs: 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 cover 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 recognised and awarded several times for its trading conditions, research, education and partnership programme.
Awards received over the last few 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.
PROMOTIONS
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 respectable 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 11 000 000 trades are executed 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.
Additionally, 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 due to BDSwiss’ fantastic educational offering.
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, an in-depth and high quality educational offering, a transparent trading environment and a thriving Partnership Programme.
