8 Important Factors You Must Know About BDSwiss Broker

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8 Factors You Must Know About BDSwiss Broker (Infographic)

BDSwiss is a popular CFD/Forex broker that started by providing Binary options but currently don’t.

It is one of the fastest growing brokers due to their unique features which makes them stand from out other brokers.

Here, you will the key features of this innovative broker that will give you a quick overview of their features.

However, we have a complete BDSwiss review that will explore all the aspects of this broker.

Infographic on BDSwiss Broker

High Capital Risk Is Involved In Financial Trading

Basic Information:

BDSWISS is one of the Europe’s leading financial institution. BDSWISS is an old and famous Forex/ CFD broker. For EU countries, it has regulation from CySEC and Non-EU countries, it has regulation from FSC.

You will get $10000 virtual money which you can reset again. Traders can use the demo
account in any of the platforms. Traders can practice trading in a virtual environment to improve their trading skills.

BDSwiss Specifications:

  • Minimum deposit $200
  • No commission
  • Spreads from 0.4 Pips
  • Max Lot size 50
  • 250+ Trading assets
  • Free Webinars
  • 3 Account Types
  • Hedging Allowed

Account Types:

BDSwiss offers 3 different account types to their traders. They are:

  • Basic
  • Raw Spread
  • Black

Asset Index:

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You can trade more than 250 trading assets. There are 5 different asset classes offered. They are:

  • Equites
  • Indices
  • Currencies
  • Commodities
  • Cryptocurrency

Trading Education

They have a wide range of education portion for the beginner traders as well as the intermediate and advanced level traders. Traders will also get 6 tools to analyze the financial market.

In BDSWISS, traders will get opportunity to attend in the webinars with all expert traders to enrich their knowledge to the financial market.

Advantages

  • Wide ranges of trading indicators
  • Strict regulation process
  • Multiple trading accounts
  • Dedicated customer support team

Disadvantages

  • No proprietary trading platform
  • Not enough information in their website

BDSwiss review – is BDSwiss a scam?

If you’re searching for an efficient and user-friendly trading platform to invest with, BDSwiss could be the broker for you.

We have received a lot of emails asking for a BDSwiss review and to see if it is a scam or a legit broker. So we have finally put together this review!

In this guide you can read about this broker, its benefits, the demo account and how to make a withdrawal.

This review will also take a thorough look at the broker’s professional trading platform.

Read this BDSwiss review to learn more info about the broker. Many other traders interested in forex trading have already done, some have then opened a trading account with BDSwiss.

For now though, let’s get started!

Click here to open your first BDSwiss trading account.

  • 0 commissions
  • Professional platform with low spreads
  • Slow support service
  • Missing some cryptocurrencies

BDSwiss Availability

BDSwiss is a global online broker that is available in many countries. Currently it is offered across Europe and the United Kingdom. It’s also available in Australia, New Zealand, the Middle East and Latin America.

The broker is also allowed in Asia, but it’s important to know that there are some Asian countries where it isn’t available. Countries where the broker isn’t allowed include China, North Korea, Japan and Indonesia.

However the good news is that the broker has been reviewed and is available in other Asian countries such as India, Malaysia, Thailand, Vietnam, Hong Kong and Singapore.

As for the USA and Canada though, unfortunately BDSwiss is not available for residents there presently.

Is BDSwiss a Scam or Safe?

When you start trading, one of the most important things to do is to open an account with a secure broker.

To make sure that your broker is secure, they must be regulated with an official regulation authority. This ensures that the broker follows the correct industry standards put in place to protect users.

A regulated broker offers safety and security to traders, so you don’t have to be worried about fraud or scams. It is the unregulated brokers that you need to stay away from!

BDSwiss is regulated by the following regulating authorities:

  • CySEC, the main authority regulation in forex&CFDs trading. Its license number is no. 199/13 and has the registration no. HE 300153.
  • FSC (Financial Services Commission of Mauritius). License no. C116016172 and company registration no. 143350

We can guarantee you that BDSwiss is a trustable and regulated broker in our review. Most importantly it is not a scam.

Trading with this broker is secure and you don’t risk any financial scam or fraud.

BDSwiss Awards

We always like to examine whether a broker has won any awards at all. It’s important because it shows if a broker has excelled in any area, which has been recognised and awarded by industry experts.

BDSwiss has won 3 very impressive awards which are proudly mentioned on the broker’s homepage.

These are the awards that BDSwiss has received so far:

  • World Finance Awards: 2020 Winner for Best Trading Conditions
  • Mobile Star Awards: 2020 & 2020 Award Winner for Best Trading App
  • Forex Global Awards: 2020 Award Winner for Best Trade Execution

These are all quite impressive wins for BDSwiss, and we must say that we think they are fairly deserved.

For ‘best trading conditions’ it’s true that BD Swiss does not charge a deposit or withdrawal fee, plus they offer very competitive spreads on assets, so this accolade is well-deserved.

The BDSwiss trading app is also very well-designed with the trader fully in mind, so it does not surprise us that it has won the award for two years in a row.

BDSwiss Key Features Review

When compared to other leading online brokers, BDSwiss is one of the most recent brokers to be established.

It was founded a few years ago in 2020 and has become one of the leaders in forex trading and crypto trading.

Let’s review at the main features that make BDSwiss a leading broker choice for users:

  • BDSwiss Minimum Deposit: $200
  • Minimum Trade: 0.01 lots (This broker operates also in MT4)
  • Leverage: up to 1:30 in Europe / 1:400 outside Europe
  • Assets: 250+ (CFDs, Forex, ETFs, Indexes, Cryptocurrencies, Stocks & Commodities)
  • BDSwiss App: Yes
  • Demo Account: Yes
  • Trading Webinars: Yes

Click here to open your first BDSwiss trading account.

As well as these key features, the broker provides a very professional trading platform called MetaTrader4 or MT4 (we’ll talk more about this later in this BDSwiss review). They have also recently provided the MT5 platform as well for their traders. For now though we’ll focus on the MT4.

The MT4 is an online trading interface which can be used either offline or online. It’s possible to download it directly from your BDSwiss account for use on your personal computer.

You can also use the mobile version available for iOS and Android. The MT4 App can be easily found in every App Store.

Many professional traders use it and BDSwiss is one of the brokers offering it.

Another very important feature of this broker is the minimum trade. Trading with this platform allows you to trade very small sizes.

The minimum is 0.01 lots which gives you the opportunity to minimise the risk of your trades. This is great news for traders because you can open more positions which helps to spread and manage the risk.

The last key feature to mention is the amount of assets that BDSwiss has on offer.

There are currently more than 250 different assets to trade with which offers a great amount of choice to its users. In 2020, BDSwiss also introduced crypto trading to its platform.

What to Trade in BDSwiss

In BDSwiss, it’s possible to trade in different CFD assets and financial instruments.

Some of the instruments include traditional ones like Currencies, Indexes, Commodities, Stocks and Cryptocurrencies.

Here is a full asset overview:

  • 125 currency pairs
  • 32 index
  • 32 commodities
  • 68 Stocks
  • 72 cryptocurrencies

Another important feature of BDSwiss is that it’s possible to trade many assets at the same time.

Let’s see now how to open an account with this broker following our review.

How to use BDSwiss

Once you’ve logged into your account and are on the trading platform, you can see that navigating around the platform is very easy. Everything you need is in the top right corner where you can see your name.

In the center of your dashboard, you can find your trading accounts. Here is the demo account plus the real forex trading account.

To start making real trades, you will need make the first deposit in order to start trading.

BDSwiss Trading Platform Review

When it comes to trading though, we wanted in this BDSwiss review to check out it’s platform to see how it functions.

BDSwiss uses a very professional interface which lets you trade directly in the platform or with the MT4 software. Let’s see now how to trade forex in BDSwiss.

In both cases to open a position, you need to follow the same steps.

It’s important to mention here that this broker has the same leverage for every position you open. It’s possible to set the leverage directly on your dashboard before starting to trade.

The maximum leverage is 1:400 for international traders outside Europe & 1:30 for European traders.

As you can see from the picture, shown in the left sidebar are all the assets you can choose from.

You just need to select the one you want or just search for it in the top search bar.

Once you have found and selected the asset, you can open the position. It’s always a good idea to open the chart first by clicking on ‘chart’, so you can have a better overview of that market’s trend.

To open a position you need to select the volume in lots as you can see highlighted by the red square in the picture above.

Afterwards, you can set up the stop loss and take profit parameters just under the red and green buttons.

Finally, you can open your position by clicking on sell (the red button) or buy (the green button).

Once your trades are opened, it’s possible to see an overviews of them in the ‘open positions’ area at the bottom of the page.

Listed at the end of each position, there’s an ‘X‘ symbol. Just click on this if you want to close your position manually.

All the time we have used this platform, we have never had bugs or platform problems, showing how the broker is not a scam.

BDSwiss Demo Account

When you open a trading account with BDSwiss, you can find a demo account in your dashboard.

Offering a demo account is a very important feature of every broker.

The broker offers a free demo account to all new traders. Thanks to this everybody can learn how to use this trading platform. It’s a good way to practice trading and to grow confidence in using the platform.

The demo account has $10.000 of virtual funds available to practice trading with.

There is also the chance to trade in all the assets available as you would find with a real trading account.

This tool is very useful for beginners who don’t have a lot of experience. With a demo account, it’s possible to try out and practice all the different trading strategies available.

You need to remember that trading with a demo account means using virtual money. So on a demo account, you can’t lose any real money.

However you must remember that because the profits are not real, you cannot make a withdrawal of real money.

Click the button below to open a free demo account without any deposit required.

BDSwiss Education

BDSwiss also offers free webinars and live-trading sessions . Which is a key feature that separates it from other important brokers.

This means that the broker teaches to all interested traders how to trade. These online trading classes are open to all traders.

The classes deal with various topics, from the basic concepts of forex to the more advanced trading strategies.

Many of these classes are totally for free.

Every class is less than 30 minutes long, so you won’t need to spend all day learning.

With the webinars, BDSwiss also offers live-trading sessions.

In a live-trading session, there is an expert trader showing how to trade live in real time. You just need to log in to your account and sign up for the next session.

Usually, they are done during very important situations affecting the market, such as the American elections or Brexit.

Also, this feature is very useful because it gives the opportunity to learn and copy in real time trades that are opened by professionals.

Click here to open your first BDSwiss trading account.

BDSwiss Binary Options

A lot of people still associate the name of BDSwiss with binary options. As you have read in this BDSwiss review, the broker does not offer that product since April 2020.

If some brokers are still offering them in Europe, please avoid them because it’s a scam!

After the new ESMA regulations came into place in 2020, which banned binary options in Europe, all the regulated online trading platforms removed binary options from their product lists.

BDSwiss has removed binary options from its platform before a lot of other brokers, instead focusing more on Forex&CFDs. This shows how serious the broker has become about protecting traders.

So to avoid all the scams around the web, avoid unregulated brokers and binary options!

BDSwiss Cryptocurrency Trading

Like all the best brokers on the market, BDSwiss also introduced the opportunity to trade cryptocurrencies as CFDs.

In 2020 the broker added between its assets these new cryptocurrency trades:

  • USD/BTC
  • EUR/BTC
  • USD/ETH
  • EUR/ETH
  • USD/LTC
  • EUR/LTC
  • BTC/GBP
  • BTC/JPY

Click here to open your first BDSwiss trading account.

Besides these there are also many more. These are the acronyms for the American Dollar, Euro, Bitcoin, Ethereum and Litecoin. For example USD/BTC is US Dollar against Bitcoin.

The broker offers the opportunity to trade them with all the major normal currencies in the world (British Pound, Yen, Australian Dollar, etc.).

To find these assets you just need to look in the assets list for the category ‘crypto’ and in there will be the full list of them.

Another very interesting point about BDSwiss is that it’s possible to make a deposit and withdrawal directly using Bitcoin.

BDSwiss Metatrader 4 Review

BDSwiss supports 2 different trading platforms: one is its own web version and the other is Metatrader 4.

Their own trading platform is available on the web or via the trading App. It is very simple to use.

To open a position you need to select a market, decide to buy or sell, set the amount of money to invest then select a take profit and stop loss level in the ‘advanced section’. After this has been completed you can finally open the trade.

For the Metatrader 4 version, you need to connect your BDSwiss trading account with the MT4 by entering your ID Number and Password.

Once that is done, you’ll be able to trade directly in the MT4 platform.

You can select the lots, leverage, take profit and stop loss plus control all the trades directly from the MT4 App or Desktop application.

It’s not possible to make a withdrawal directly from your MT4 account, but you need to login to your BDSwiss account and request the withdrawal from there.

BDSwiss Forex Signals

BDSwiss provides free forex signals to its clients. To receive them you just need to open a trading account with BDSwiss and then log in.

There are a lot of scam signal providers on the internet, but when it’s an official broker offering them, it’s a reason to be sure they’re not a scam.

Once you are in your trading dashboard, at the bottom there is a list of forex signals available.

It’s possible to find the entrance price, the stop loss and take profit there. You can also see the stats for the previous signals.

This is an important point in this BDSwiss review because the broker provides help to traders for free. The signals can be tested in the demo account too, so there is no pressure to use real funds to test them.

BDSwiss App

In this BDSwiss review we also wanted to mention its mobile App. This is because the broker has launched its new mobile App for forex trading and crypto trading.

The App has a very user-friendly interface and with just a few steps it’s possible to open and close a position.

The App can be downloaded directly from every trader account and it works perfectly for Android and iOS devices.

From the App, it’s possible to make a deposit and a withdrawal too. However, the best bit is that it’s totally free to download and use the App.

With today’s busy lifestyle, it’s a fact that most people can’t spend a lot of time in front of their laptop. Whereas trading with a mobile App allows you to trade from whatever place you may be.

This is another point showing that the broker is not a scam and is a legit online broker when they have developed free trading Apps to assist their clients.

How to Open an Account

Opening an account with BDSwiss is incredibly easy.

First, you’ll need to sign up to create an account with the broker. To make it easier for you, you can also sign up by clicking on the green button above.

The BDSwiss sign up process is quite fast, you just need to provide some personal info such as name and phone number.

Next you need to enter your email and password that you are going to use to log in with.

Finally, you just need to agree with the general Terms & Conditions and click on the ‘submit’ button.

The process is very simple and fast, in less than 1 minute you’ll have your BDSwiss account.

It is free to sign up for a BDSwiss account and you don’t have to make a deposit to open a trading account.

Remember that it’s also possible to log into your account without needing to deposit funds. However, if you want to start making trades you’ll need to deposit the minimum amount required.

Please see further in this review the section called ‘BDSwiss Deposit’ to learn more about the minimum deposit and how to make one.

One other important thing to note is that to deposit and make withdrawals, your account must be fully verified. Let’s have a look now at how to do this.

Account Review and Verification

As a regulated broker, BDSwiss requires you to have your account verified. This is needed not only to fulfil legal purposes but to also ensure client protection. It also helps to prevent scams and fraudulent accounts.

You’ll need provide a fully scanned copy document of 1 Proof of Identification (POI) and 1 Proof of Address (POA) to become verified.

  • A POI could be: A valid Passport, Identity Card or Driving License
  • A POA could be: Credit Card/Bank statement or a Utility Bill

If you have any questions about the process at all, feel free to reach out to the customer support team at anytime.

The last step is that BDSwiss will conduct an appropriateness test. This is done to also help client protection and to see how much trading knowledge a user has. So it’s important to answer the questions as truthfully as possible.

BDSwiss Deposit

It’s easy to make deposit with BDSwiss using one of the following methods:

  • Credit Card- Visa or Mastercard
  • Skrill or Neteller
  • Bitcoin and Ethereum
  • Bank / Wire Transfer
  • Prepaid cards
  • Local payment methods

BDSwiss is one of the first brokers that lets you make a deposit with cryptocurrencies. Currently, the broker accepts Bitcoin, Ethereum and Bitcoin Cash.

(Click here if you want to learn more about cryptocurrency trading).

The fastest way to deposit is with credit card or by using one of the Moneybookers. Making a deposit by wire transfer takes usually 4 working days.

To make the deposit go to the ‘My accounts‘ section on your trading dashboard. Select the account that you wish to make a deposit in and click on the ‘Deposit‘ button.

Next enter the desired amount and the payment method to finish.

BDSwiss Minimum Deposit

Most people think that to trade forex you need to have a lot of money, however, the minimum deposit with BDSwiss is only $200.

This combined with the minimum trade of just 0.01 lots gives you the opportunity to open many positions whilst investing only a small part of your trading budget.

For the convenience of users, you can make the deposit in the following currencies:

USD($) EUR(€) GBP(£) PLN(Zł) DKK(Kr) SEK(Kr) CHF(Fr.) & NOK(Kr)

You can select your preferred currency when you open your account.

Please note that the currency amount needs to be equivalent in value to the $200 minimum deposit.

Click here to open your first BDSwiss trading account.

BDSwiss Review: Regulation, Spreads, Minimum Deposit and Withdrawal

Trading Accounts & Conditions

Account type Min. deposit Min. trade size Max. leverage
Basic $200 0.01 1:30 1.5 pips
Raw N/A 0.1 1:30 0.4 pips + $8 /lot
Black N/A 0.01 1:30 1.1 pips

BDSwiss offers trading in wide range of financial instruments – many forex pairs, as well as CFDs on indices, commodities, equities and cryptocurrencies. Its clients are offered access to the popular MetaTrader 4 platform and a choice of three account types – Basic, Raw Spread, and Black. Swap-free services are available for all of them

Overall, the trading conditions of BDSwiss seem good – the initial deposit for the Basic account is not high and the spread is on the upper end of average. However, we could not find information on the initial investment amounts for the other two accounts, which offer better spreads. For more information on trading costs in forex trading, check out the below link.

As regards leverage, the maximum level provided by the brokerage is 1:30, in line with the regulations applicable for this Cypriot brokerage. As you probably know, the maximum leverage available to retail investors was capped at 1:30 throughout the EU.

The Company. Security of Funds

Bdswiss Holding PLC

Formally known as Bank De Swiss, BDSwiss was initially a Cypriot binary options broker, but changed the nature of its offering after this type of trading was banned across the EU in July 2020 (and ESMA keeps renewing the prohibition ever since). The broker is owned by Bdswiss Holding PLC, a Cyprus Investment company operates another forex brokerage brand, Swiss Markets. Firm (CIF), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Now that the UK is about to leave the EU, Cyprus is becoming the most popular destination for European forex broker. Here are some of the rules which CIFs have to comply with.

First of all, CySEC requires Cyprus-based brokers to hold a minimum of €730 000 in order to prove their good financial standing. Moreover, all CySEC-regulated companies are members of the Investor Compensation Fund, which may cover tour investment loss to a maximum of 20,000 EUR per person in the event that the broker becomes insolvent. Such compensation schemes serve as an additional guarantee to clients’ funds.

In addition, as CySEC is part of the European MiFID regulations, and the companies regulated by the Cypriot financial watchdog are free to operate in all EU Member States. Therefore, they are also required to comply with all the rules and restrictions, introduced on a EU level: the leverage cap which we already discussed, provision of negative balance protection, and ban on trading incentives such as bonuses with trading volume requirements, among other things.

BDSwiss also has an offshore entity, BDS Markets Ltd. (Domain bdswiss.com), which is said to service clients outside the European Union Area.

Trading Platform

As we already mentioned, BDSwiss offers the renown MetaTrader 4, delivering a wealth of information in a simple layout, and also allowing clients to automate their trades by Expert Advisors (EA). This is one of the reasons why this platform is so popular among trader. What is more, it offers a great charting package with a number of technical indicators, and extensive back-testing environment. Here you may check out more brokers that support it.

Methods of Payment. Transfer fees

Clients of BDSwiss may use credit/debit cards, bank transfers, Sofortüberweisung, Skrill, Neteller, iDEAL, DotPAy, GiroPay, and PostePAy for deposits, and Credit/debit cards, bank transfers, Skrill, and Neteller for withdrawals.

With the exception of bank wire transfers, BDSwiss does not require a minimum withdrawal amount. That being said, please note that a 10 EUR fee will apply to any bank wire withdrawals under 100 EUR and any other withdrawals amounting to 20 EUR or less. Bank wire international payments are charged with a 10 EUR basic fee, and the minimum withdrawal amount is 50 EUR. The same fee applies to SEPA transfers, and the minimum withdrawal amount is 5 EUR.

Conclusion

BDSwiss is a Cypriot forex and CFD broker that has more than 7 years of experience in the financial markets. The broker supports the MT4 platform and is duly licensed by CySEC, which is its greatest advantage.

To sum up our review on BDSwiss:

Leverage capped at 1:30

No info on minimum investment amounts on Raw & Black accounts

Wide range of financial instruments

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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