BDSwiss

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
Leverage1:500
Minimum Deposit $10
Year Established2012
RegulationFSC Mauritius (BDS Markets, Tier-3), FSA Seychelles (BDS Ltd, Tier-3), FSCA South Africa (BDSwiss Markets SA Pty Ltd, Tier-2)
Payment methodsCredit cards, bank transfers, e-wallets
Publicly Traded
Employees1500+
Type of BrokerOnline CFD broker
MT4
MT5
Trading AssetsForex pairs, indices, commodities, stocks, ETFs, cryptocurrencies
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4.4
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Extensive selection of trading assets.
  • Accessible trading from both PC and mobile devices.
  • Diverse deposit and withdrawal methods.
  • Company covers withdrawal fees.
  • Regular online lectures for client education.
Cons
  • Absence of investment programs and trading bonuses.
  • Inactivity on the account incurs fees.
  • Unavailability of support on weekends.

Introduction

Founded in 2012, BDSwiss has become a stalwart in the world of online trading.

With a commitment to excellence, the multi-asset CFD broker has positioned itself as a reliable platform for traders seeking a comprehensive and user-friendly experience.

Operating under the regulatory oversight of FSC Mauritius, FSA Seychelles, and FSCA South Africa through BDS Markets, BDS Ltd, and BDSwiss Markets SA Pty Ltd respectively, the company offers a secure environment for traders to explore a multitude of financial instruments.

BDSwiss prides itself on providing accessibility at its core, and traders can engage in the financial markets through renowned platforms like MetaTrader 4 and MetaTrader 5.

The convenience extends further with its Mobile App and WebTrader, ensuring users can trade seamlessly across various devices.

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Diverse Trading Opportunities

At the heart of BDSwiss is a commitment to diversity in trading opportunities.

Clients can venture into the world of forex pairs, indices, commodities, stocks, ETFs, and cryptocurrencies.

Whether exploring the separate stock offering or multi-asset accounts, the broker empowers traders with access to a broad spectrum of asset classes.

Flexible Transactions

A hallmark of BDSwiss is its commitment to flexibility in financial transactions.

The broker offers an array of deposit and withdrawal options, available in multiple currencies, providing traders with unparalleled convenience.

Additionally, it enhances the trading experience with solid research support, incorporating popular third-party tools like Trading Central and Autochartist.

Key Takeaways for 2024

  1. Deposit and Withdrawal Excellence: BDSwiss earns acclaim for providing a multitude of options in various currencies, reflecting in an excellent score.
  2. Customer Support Prowess: The support team’s quick and professional responses, coupled with multilingual support, contribute to a high score in the Customer Support category.
  3. Diverse Tradable Instruments: The extensive range of stocks, indices, and cryptocurrencies contributes significantly to securing a high score in the Tradable Instruments category.
  4. Account Types Accessibility: The broker excels in the Account Types category, offering a low minimum deposit and a reasonable number of account-based currencies.
  5. Research and Educational Support: The broker’s commitment to robust research and educational support results in high scores in these crucial categories.
  6. Platform and Tools: BDSwiss provides access to the highly popular MT4 and MT5 platforms, contributing to its performance in the Platforms and Tools category.
  7. Fee and Trust Considerations: While it fares well in several aspects, it receives relatively lower scores in the Fees and Trust categories due to higher fees for certain instruments and fewer top-tier regulations.

Who is BDSwiss for?

  • Beginner Traders: With a low minimum deposit and comprehensive educational and research support, this broker is an ideal starting point for those new to trading.
  • Advanced Traders: Experienced traders can benefit from lower fees and advanced research support offered in VIP and Raw accounts, with a reasonable minimum deposit requirement of $500.

Regulations

BDSwiss operates under three entities, each regulated by different authorities:

  • BDS Markets: Regulated by the Financial Services Commission (Mauritius), rated as a Tier-3 regulator.
  • BDS Ltd: Regulated by the Financial Services Authority (Seychelles), also rated as a Tier-3 regulator.
  • BDSwiss Markets SA Pty Ltd: Regulated by the Financial Sector Conduct Authority (South Africa), rated as a Tier-2 regulator.

Understanding the regulations is crucial, as each regulator imposes specific requirements, affecting leverage levels and investor protections.

Is it a safe broker to trade with?

The company ensures a secure trading environment through:

  • Regulation by Tier-2 and Tier-3 regulators.
  • Negative balance protection, preventing clients from losing more than their deposited amount.
  • Segregation of clients’ funds in separate accounts, safeguarding them from the broker’s financial challenges.

Stability and Transparency

In terms of stability and transparency, it demonstrates:

  • 11 years in the market.
  • Transparency in fee structures, regulation protection, and overall information accessibility.

Legal documents, FAQs, and detailed information on fees and charges are readily available, reflecting a commitment to transparency.

Trading Fees Assessment

BD Swiss receives a below-average score in the fees’ category.

While competitive spreads are offered for certain instruments, fees for others, such as EUR/USD and Tesla, are relatively high.

Non-Trading Fees

The company implements an Inactive and Dormant Account Policy, charging 30 euro or the equivalent in the trading account currency for accounts inactive for 90 consecutive days.

General Ease of Use

The MetaTrader 5 platform, while advanced, offers a customizable trading experience.

While intuitive for advanced traders, beginners may need time to explore its features fully.

Tradable Instruments

BD Swiss grants access to a diverse range of instruments:

  • 51 forex pairs.
  • 6 commodities.
  • 900+ stocks and 80+ ETFs on the StockPlus Account.
  • 11 indices.
  • 26 cryptocurrencies.

Understanding CFDs is crucial, as they enable traders to speculate on securities without owning the underlying assets.

Account Types

The broker offers four account types:

Cent Account

  • Commission: No.
  • Avg Spread EUR/USD: 1.5.
  • Minimum Deposit: $10.
  • Leverage: Up to 1:500.
  • Islamic Account: Yes.

Classic Account

  • Commission: $2 per lot on indices, $0 on all pairs.
  • Avg Spread EUR/USD: 1.5.
  • Minimum Deposit: $10.
  • Leverage: Up to 1:500.
  • Islamic Account: Yes.
  • Demo Account: Yes.

VIP Account

  • Commission: No.
  • Avg Spread EUR/USD: 1.1.
  • Minimum Deposit: $500.
  • Leverage: Up to 1:500.
  • Islamic Account: Yes.
  • Demo Account: Yes.

Raw Account

  • Commission: $5 per lot on all pairs, $2 on indices.
  • Avg Spread EUR/USD: 0.3.
  • Minimum Deposit: $500.
  • Leverage: Up to 1:500.
  • Islamic Account: No.
  • Demo Account: Yes.

Choosing the right account type is crucial, considering factors such as base currency options, contract size, commission, fees, pending orders/positions, and minimum deposit size.

Discover all Account Types

CFD Leverage

BDSwiss provides leverage of up to 1:500.

Traders should exercise caution with such high leverage and implement effective risk management.

Account Opening Process

Opening an account is a straightforward process:

  1. Register on the website, providing basic details.
  2. Decide a trading platform and set a password.
  3. Confirm your email.
  4. Submit additional personal details.
  5. Fill in your economic profile.
  6. Undergo an appropriateness test.
  7. Submit documents for proof of identity and residence.

Demo Account

A demo account allows traders to test the broker’s services and their skills without risking real money.

It offers demo accounts for the Classic, VIP, and Raw accounts.

Education

BDSwiss invests in trader education through the Trading Academy.

Resources include Forex Basics Lessons, a Forex Glossary, e-books on trading psychology and technical indicators, and educational videos.

Conclusion

In conclusion, BDSwiss emerges not just as a broker but as a trusted partner in your trading journey.

With a solid regulatory foundation, a user-friendly interface, and a commitment to continuous improvement, it provides a conducive environment for traders to thrive.

Whether you’re taking your first steps into trading or you’re an experienced hand, the broker offers the tools, support, and opportunities to navigate the global financial markets with confidence and success.

FAQ – Frequently Asked Questions

What is BDSwiss?
BDSwiss is a multi-asset online CFD broker founded in 2012. The company facilitates trading in various financial instruments, including forex pairs, indices, commodities, stocks, ETFs, and cryptocurrencies.
How is it regulated?
BDSwiss operates under the regulatory oversight of three entities: BDS Markets regulated by FSC Mauritius, BDS Ltd regulated by FSA Seychelles, and BDSwiss Markets SA Pty Ltd regulated by the FSCA in South Africa.
What trading platforms are offered?
BDSwiss provides access to MetaTrader 4 and MetaTrader 5 platforms, along with the BDSwiss Mobile App and BDSwiss WebTrader for a seamless trading experience.
What financial instruments can I trade?
BDSwiss offers a diverse range of tradable instruments, including forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies.
How does it ensure the safety of client funds?
BDSwiss prioritizes the safety of client funds through measures like negative balance protection, ensuring clients cannot lose more than they deposit, and holding funds in segregated accounts.
What regulatory protections are in place for its clients?
BDSwiss operates under Tier-2 and Tier-3 regulators, providing various protections such as leverage restrictions and ensuring compliance with regulatory standards.
Can I access educational resources on the plataform?
Yes, the broker offers an extensive Trading Academy providing educational resources such as Forex Basics Lessons, a Forex Glossary, e-books, and educational videos.
What are the fees associated with trading?
BDSwiss has a fee structure that includes spreads for various instruments. While certain instruments offer competitive spreads, others may have higher fees.
How can I contact customer support?
BDSwiss provides customer support through various channels, including online chat. The support team is known for quick and professional responses in multiple languages, including German, English, Italian, Spanish, French, Greek, and Portuguese.
Does BDSwiss provide access to trading signals and market analysis?
Yes, it offers robust research support, including access to popular third-party tools such as Trading Central and Autochartist, as well as market analysis and trading signals.

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Last updated: April 11, 2024