BDSwiss Review 2024

Last updated Feb 24, 2024
Логотип BDSwiss
3.9/5
№39 in the brokers' listTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In today's world, Forex trading is becoming increasingly popular, and many brokers are offering their services in this market. One such broker is BDSwiss, a company that many praises for its reliability and quality of service. In this article, we will conduct a comprehensive review of BDSwiss, delve into its operations and trading conditions, and determine whether we can confidently recommend this broker for trading in the Forex market. Join us to learn all the details and make an informed decision for or against partnering with BDSwiss.

BDSwiss Broker Overview

Foundation Year2011
Official Websitehttps://www.bdswiss.com
Regulated in CountriesSeychelles, Mauritius, South AfricaMore Details
Minimum Deposit
  • 10 USD
  • 10 EUR
  • 10 GBP
Spreadfrom 0 points
Max Leverage1:2000
Trading Assets
  • Forex
  • Stocks
  • Indices
  • Cryptocurrency
  • Precious Metals
  • Energy Carriers
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • WebTrader
Email Support
  • support@global.bdswiss.com
Hotline Phones
Social Media

BDSwiss was founded in 2012 and is registered in Cyprus. It has earned the trust of more than 1.5 million traders worldwide in a short period. BDSwiss offers its clients a wide range of services for trading on the international Forex market and trading Contracts for Difference (CFD).

The company's main activities include providing investment and trading services and education and support for traders of different experience levels. BDSwiss aims to create comfortable conditions for its clients, ensuring access to various instruments and trading platforms and providing quality technical support and educational materials.

BDSwiss Broker Summary

Our review evaluates BDSwiss on various parameters, including licenses and regulators, trading conditions, platforms, analytics, education, and customer service. Our broker evaluation methodology is based on an objective and comprehensive analysis, which allows us to provide you with the most accurate and helpful information.

Read the review to learn more about BDSwiss and understand whether this broker meets your trading needs.

Reliability and Regulation

Rating:4/5
Legal EntityRegulator

Regulated by various financial bodies such as the SFSA, FSC, and FSCA, BDSwiss demonstrates its commitment to international regulatory standards. This diversity in the supervision and control of its activities speaks to the company's commitment to transparency and protecting its client's interests, which is critical in assessing its credibility. Considering these aspects, it can be assumed that the broker has a solid position in the industry, which makes it a reasonably reliable partner for traders and investors.

Account Opening

Rating:4.3/5

Fill out a short registration form to open a demo account and start familiarizing yourself with the trading platform. However, to be able to trade on a real account and have the ability to deposit and withdraw funds, you will also need to:

  1. Fill in personal details.
  2. Undergo identity and residence address verification.
  3. Complete a suitability test.

Let's go through each step in order.

Registration

To register with BDSwiss, a user can click the blue button in the top right corner. You will be redirected to a page where you need to enter your details.

To register an account, enter:

  • surname and first name,

  • country of residence,

  • phone number,

  • date of birth,

  • email address,

  • password.

Choose the trading platform: MetaTrader 4 or MetaTrader 5. Also, confirm that you are of legal age and have read the terms and conditions.

BDSwiss registration form
BDSwiss registration form

Filling in Personal Details

After registration, you will need to provide detailed information about yourself. This includes your date of birth, residential address, nationality, occupation, financial information (such as monthly income and savings amount), and tax identification number.

Verification

By regulatory requirements and the 'Know Your Customer' (KYC) policy, BDSwiss requires verification of its clients' identity and address. You must upload scans or photographs of documents confirming your identity (such as a passport or driver's license) and residential address (such as a utility bill or bank statement).

Suitability Test

BDSwiss also offers a suitability test to determine whether the proposed trading type matches your level of knowledge and the risks you are willing to take. The test consists of several questions concerning trading basics, instruments, and market risks. The test results will help the broker offer the most appropriate trading conditions and instruments for your experience and investment goals.

After completing all the stages, your account will be opened, and you can start trading with the BDSwiss broker.

Minimum Deposit

BDSwiss has various minimum deposit requirements depending on the type of account.

To open a Classic account, a minimum deposit of only 10 US dollars, 10 euros or 10 British pounds, depending on the currency of your account, is required. This makes the Classic account accessible for novice traders, allowing them to start trading with small investments.

If you want to open a Zero Spread account, the minimum deposit requirements increase to 200 US dollars, 200 euros, or 200 British pounds. These accounts offer broader trading opportunities and additional benefits but require a more significant initial investment capital.

Account Types

Rating:3.8/5

The variety of account types at BDSwiss meets the needs of most traders. The broker offers accounts for both beginners and professional traders.

However, it should be noted that the broker does not offer fixed spread accounts, which could be attractive to traders preferring stable trading conditions. Moreover, the broker does not provide investment accounts, such as copy trading or PAMM accounts, which could interest investors who prefer passive income.

Trading Accounts

CentClassicVIPZero Spread
Account CurrencyUSD, EUR, GBP
Minimum Deposit10 $10 250 $250 200 $200
Trading PlatformsMetaTrader 4MetaTrader 5WebTrader
Spreadfloatingfrom 1.3 pipsfor EURUSD~ 1.6 pipsfloatingfrom 1.2 pipsfor EURUSD~ 1.3 pipsfloatingfrom 1 pipsfor EURUSD~ 1 pipsfloatingfrom 0 pipsfor EURUSD~ 0.3 pips
Commission per Tradeper 1 lot3 $
Trading AssetsForexStocksIndicesCryptocurrencyPrecious MetalsEnergy Carriers
Opened Positions
Leverage1:1-1:2000
Margin Call / Stop Out50% / 20%
Order ExecutionMMSTP
Demo Account
Islamic Account
RegisterRegisterRegisterRegister

BDSwiss offers its clients various trading accounts designed to accommodate the needs and preferences of traders with different experience levels and investment volumes. Here are the main types of accounts offered by the broker:

  1. Cent/Classic. This account is suitable for novice traders starting in the Forex world who want to try trading with small amounts. The minimum deposit for this account is $10. Spreads start from 1.3 pips, and there are no commissions.

  2. Zero Spread. This type of account is intended for experienced traders who prefer to trade with lower spreads but are willing to pay a commission for trades. The minimum deposit to open such an account is $200. Spreads start from 0, but a commission is charged for each trade.

  3. VIP. This account is designed for professional traders and those who trade large volumes. The minimum deposit for this account is $250. Clients with a VIP account benefit from lower spreads (starting from 1 pip) and no commissions. In addition, they are provided with a personal manager and priority service.

Thus, BDSwiss offers flexible conditions for different categories of traders. The availability of different types of accounts allows investors to choose the optimal option that matches their experience, trading strategy, and investment size. This makes the broker attractive to many clients and allows everyone to find suitable conditions for trading in the financial markets.

Demo Account

BDSwiss allows its clients to open a demo account, an excellent tool for novice traders and those who want to familiarize themselves with the trading platform and trading conditions before working with real funds.

The demo account allows traders to trade with virtual funds without risking their real money. This helps beginners learn the basics of trading, try different strategies, and learn to analyze the market without experiencing financial pressure.

Opening a demo account with BDSwiss is usually quick and does not require any investment. You need to register on the broker's official website and select the option to open a demo account. After that, you will have access to the trading platform with a virtual balance that can be used to execute trades and study the trading features.

The availability of a demo account at BDSwiss is a positive aspect, as it allows traders to practice and enhance their experience safely before trading with real money.

Islamic Account

BDSwiss offers the option to open an Islamic account, also known as Swap Free. Islamic accounts are designed with the features of financial operations that comply with the principles of Sharia law and are intended for Muslim investors.

The main difference between an Islamic account and a standard account is the absence of swaps or overnight position transfer fees, which is considered unacceptable from the perspective of Islamic banking. Thus, clients who have opened an Islamic account can trade in the financial markets without violating the principles of their religion.

To open an Islamic account with BDSwiss, you must register on the broker's website, open a standard trading account, and then contact customer support with a request to convert your account to Swap Free. The account conversion process usually takes a short time, after which you can trade according to your religious beliefs.

VPS Service

BDSwiss provides a VPS (Virtual Private Server) service for its clients. A VPS is a virtual server that allows traders to install and use trading applications, such as trading robots or algorithmic strategies, operating 24/7 and not requiring the client's computer to be constantly on.

A VPS provides a stable and reliable connection to a broker's trading servers, minimizing latency and improving order execution quality. This can be particularly beneficial for traders using scalping or high-frequency trading strategies.

The terms for providing VPS on BDSwiss are as follows:

Plan

Basic

Advanced

Pro

CPU

1

2

4

RAM

1 GB

2 GB

4 GB

Hard Disk (HDD)

40 GB

50 GB

100 GB

Bandwidth

100 GB

100 GB

100 GB

OS

Windows 2012 R2

Windows 2012 R2

Windows 2012 R2

Price per month

€30

€50

€70

Commissions

Rating:2/5

While BDSwiss's commission per trade on the Zero Spread account is the average market level, spreads and swaps on the standard account are relatively high, which can negate the benefit of the low commission per trade. Additionally, the inactivity fee can significantly increase the commission costs for clients who do not trade regularly.

Trading Commissions

BDSwiss trading commissions include swaps, spreads, and commissions per lot.

Commission per Trade

On the Zero Spread account at BDSwiss, the commission per trade is $3 per lot per side. This is the average market level of commissions.

Below is the commission per lot for the EURUSD pair at different Forex brokers:

BrokerIC MarketsRaw SpreadPepperstoneRazorBDSwissZero SpreadVantageRawRoboforexECN
Commission per lot$3.5$3.5$3$3$2.16

Spreads and Swaps

Spreads and swaps on the BDSwiss standard account are relatively high. This is important as these costs can impact your profitability, especially if you plan to make many trades.

Below is a table of average spreads and swaps for major currency pairs on the Classic account.

AssetAverage spreadSwap longSwap short
EURUSD1.6 pips-13.58 pips1.51 pips
GBPUSD1.9 pips-6.93 pips0.49 pips
AUDUSD1.8 pips-6.23 pips0.40 pips
NZDUSD2.0 pips-3.02 pips-0.96 pips
USDCAD2.1 pips-4.21 pips-3.28 pips
USDCHF1.9 pips2.09 pips-15.08 pips
USDJPY1.7 pips3.68 pips-28.27 pips

Inactivity Fee

BDSwiss also sets an inactivity fee. If your account remains inactive for 30 days, BDSwiss will start charging you a fee of $30 per month from your account balance until the balance reaches zero. This fee is intended to cover the expenses of maintaining/administering such inactive accounts. Therefore, regularly checking your account's activity is recommended to avoid this fee.

Account Funding and Withdrawal

Broker BDSwiss offers its clients a variety of deposit and withdrawal methods, making managing their funds convenient and flexible.

Notably, BDSwiss covers all payment commissions for both account funding and withdrawal. A request for deposit or withdrawal is processed within one business day.

Deposit Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
NetellerNeteller
USDEURGBP
0%
SkrillSkrill
USDEURGBP
0%
PayRetailersPayRetailers
ARSBRLCLP
0%
AstroPayAstroPay
EURCADBRL
0%
GlobepayincGlobepayinc
INRUSD
0%
M-PesaM-Pesa
NGNKESGHS
0%
InteracInterac
CAD
0%
KorapayKorapay
NGN
0%
Bank TransferBank Transfer
USDEURGBP
0%
VisaVisa
USDEURGBP
0%
MastercardMastercard
USDEURGBP
0%
Онлайн банкингиОнлайн банкинги
THBIDRPHP
0%
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
Логотип EthereumETH (Ethereum)ERC20
0%
Логотип TetherUSDT (Tether)ERC20
0%
Логотип TetherUSDT (Tether)TRC20
0%
Логотип Bitcoin CashBCH (Bitcoin Cash)BCH
0%
Логотип LitecoinLTC (Litecoin)LTC
0%
Логотип DashDASH (Dash)DASH
0%
Логотип ZcashZEC (Zcash)ZEC
0%
Логотип TrueUSDTUSD (TrueUSD)ERC20
0%
Логотип TRONTRX (TRON)TRC20
0%
Логотип CardanoADA (Cardano)ADA
0%

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
NetellerNeteller
EUR
0%
SkrillSkrill
EURUSDGBP
0%
PayRetailersPayRetailers
ARSBRLCLP
0%
AstroPayAstroPay
EURCADBRL
0%
GlobepayincGlobepayinc
INRUSD
0%
InteracInterac
CAD
0%
M-PesaM-Pesa
NGNKESGHS
0%
KorapayKorapay
NGN
0%
Bank TransferBank Transfer
USDEURGBP
0%
VisaVisa
USDEURGBP
0%
MastercardMastercard
USDEURGBP
0%
Онлайн банкингиОнлайн банкинги
THBIDRPHP
0%
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
Логотип EthereumETH (Ethereum)ERC20
0%
Логотип TetherUSDT (Tether)ERC20
0%
Логотип TetherUSDT (Tether)TRC20
0%
Логотип Bitcoin CashBCH (Bitcoin Cash)BCH
0%
Логотип LitecoinLTC (Litecoin)LTC
0%
Логотип DashDASH (Dash)DASH
0%
Логотип ZcashZEC (Zcash)ZEC
0%
Логотип TrueUSDTUSD (TrueUSD)ERC20
0%
Логотип TRONTRX (TRON)TRC20
0%
Логотип CardanoADA (Cardano)ADA
0%

Thanks to its commission policy and various deposit and withdrawal methods, broker BDSwiss is an attractive choice for traders looking for convenience and cost efficiency when operating in the financial markets.

Markets and Products

Rating:4/5

The diversity of assets at BDSwiss allows investors to build varied strategies, adapt to market changes, and seek new profit opportunities.

However, it should be noted that some competitors offer more stocks for trading. In addition, at BDSwiss, traders do not have the option to trade soft commodities.

Which markets are available?

Among the main trading assets available with the broker, the following categories can be highlighted:

  1. Currency pairs (Forex). The broker provides the opportunity to trade major, minor, and exotic currency pairs, giving access to the global currency market. A total of 51 currency pairs are available.

  2. Indices. BDSwiss offers trading in indices, including the world's most extensive indexes, such as S&P 500, Dow Jones, NASDAQ, FTSE 100, and DAX. A total of 11 indices are available.

  3. Commodities. Traders can trade various commodities like gold, silver, oil, and gas.

  4. Stocks. The broker offers a wide selection of shares from the largest companies in the USA, UK, Germany, France, the Netherlands, Spain, and Switzerland. This allows traders to trade shares of the most popular and promising corporations. A total of 127 CFDs in stock are available.

  5. Cryptocurrencies. BDSwiss allows trading cryptocurrencies, including popular digital assets such as Bitcoin, Ethereum, Litecoin, and others.

Margin Requirements

The maximum leverage depends on the market and the product. Let's consider the maximum leverage to the market.

Market

Maximum Leverage

Forex

1:500

Metals

1:200

Energy Carriers

1:100

Indices

1:100

Cryptocurrencies

1:5

Stocks

1:5

Trading Platforms

Rating:4.5/5

The availability of popular platforms MetaTrader 4 and MetaTrader 5 at BDSwiss, as well as its proprietary web platform BDSwiss WebTrader, allows traders to choose the optimal trading tool considering their experience, skills, and preferences.

However, although the choice of platforms is broad, some traders may seek even more variety or specialized platforms for specific trading strategies.

What platforms are available?

  1. MetaTrader 4 (MT4). MT4 is one of the most popular and widely used trading platforms in the Forex market. It offers an extensive set of market analysis tools, the ability to use trading advisors (Expert Advisors), and chart customization. MT4 is available for download on a computer and a mobile app for iOS and Android.

  2. MetaTrader 5 (MT5). MT5 is an updated version of MT4 and features additional functions such as an improved interface, more trading indicators, and market analysis tools, as well as the ability to trade not only on the currency market but also on commodity, index, and stock markets. A mobile version is also available.

  3. BDSwiss WebTrader. The broker developed this web platform for trading directly from the browser without installing additional software. WebTrader provides a convenient and intuitive interface, facilitates access to trading tools and analytical resources, and allows working from any computer with internet access.

BDSwiss WebTrader
BDSwiss WebTrader

Analytics

Rating:5/5

BDSwiss offers extensive analytical materials and tools that allow traders to stay informed about market events, make informed decisions, and improve their trading performance. Let's take a closer look at them.

Daily market analysis

BDSwiss analysts conduct daily market reviews, including a brief analysis of the most important events affecting the financial markets and the main directions of movement of various assets.

Daily analysis from BDSwiss analysts
Daily analysis from BDSwiss analysts

Technical analysis

Technical analysis is based on the study of charts, price patterns, and indicators that help traders determine the future direction of prices and make trading decisions. Based on this, analysts post daily trading ideas.

Technical analysis from BDSwiss
Technical analysis from BDSwiss

Daily video analysis

These are video materials in which the broker's analysts assess the current market situation and share their vision of the most likely scenarios for developing events in the financial markets.

Daily video analysis on BDSwiss
Daily video analysis on BDSwiss

Weekly Forecast

This analytical material examines critical events and trends for the upcoming week and their potential impact on various assets and markets.

Weekly forecasts from BDSwiss
Weekly forecasts from BDSwiss

Trading Signals in Telegram

These are alerts about potential trading ideas and deals based on market analysis, which the broker provides to its clients via the Telegram messenger. Signals are available only to owners of Zero Spread or VIP accounts.

Trading Tools

In addition to analytics and forecasts, BDSwiss offers traders the following tools for independent analysis:

  1. Trade Companion. A tool that assists traders in monitoring, analyzing, and enhancing their trading performance by providing statistics of their trading activity.

  2. Economic Calendar. A calendar that allows traders to keep track of key economic events, statistical releases, and other news that can impact the financial markets.

  3. Trend Analysis. A tool integrated into the BDSwiss WebTrader web platform that helps identify current market trends based on the analysis of historical data.

  4. Trading Central. A platform that provides analytical materials, technical analysis, and signals from experienced analysts to help traders make informed trading decisions and improve their market results.

  5. Currency Heat Map. A tool that allows the visualization of the relative strength of different currency pairs to identify the most active and potentially profitable pairs for trading.

  6. Autochartist. A service that automatically analyzes charts and identifies various technical patterns, such as support and resistance levels, candlestick formations, and other patterns, helping traders find trading opportunities.

  7. Trader's Calculators. A set of calculators that help traders determine the parameters of their trades, such as position size, margin level, stop-loss, take-profit, and calculate their profit or loss.

Thanks to this wide range of analytical materials and tools, the broker BDSwiss provides all the necessary resources for successful trading in the financial markets. Such support contributes to developing traders' skills and can be particularly useful for beginners wishing to learn to trade and improve their results.

Education

Rating:5/5

BDSwiss places a severe emphasis on the education and development of its clients. This approach helps traders of different levels of expertise find helpful information, improve their skills, and increase trading effectiveness.

What educational materials are available?

Among the educational resources provided by BDSwiss, the following can be highlighted:

  1. Glossary. A dictionary of terms and definitions related to trading in the Forex market and other financial instruments will help beginners become familiar with the world of trading quickly.

  2. Forex Basics Lessons. Educational materials that introduce traders to basic concepts and principles of trading in the currency market, such as buying and selling currencies, margin trading, lots, and spreads.

  3. Webinars. Online lectures and master classes are conducted by experienced traders and analysts who share their experience, strategies, and tips for successful trading in the financial markets.

  4. Personal Coaching. Individual sessions with professional traders help broker clients understand complex aspects of trading, improve their skills, and develop effective trading strategies.

  5. E-books. Educational materials in e-books cover various aspects of trading in the financial markets, including technical and fundamental analysis, trading psychology, and risk management.

  6. Seminars. Offline events where traders can meet industry professionals, exchange experiences, ask questions of interest, and learn about the latest market news and trends.

Schedule of webinars at BDSwiss
Schedule of webinars at BDSwiss

Technical Support

BDSwiss Technical Support provides fast and quality responses to client inquiries through various communication channels.

Support Hours

The broker's support operates in 22 languages worldwide on a 24/5 basis.

How to contact support?

Clients have multiple ways to contact BDSwiss support representatives

At the bottom of the website, there is a chat where a person can get an answer to their question online. Phone numbers often change; current numbers can be found on the official resource. Technical support is available at the following email address – support@bdswiss.com.

All data can be viewed on the company's website on the “Contact” page. Using the feedback form, you can also ask your question directly on the website.

Pros and Cons

Advantages of BDSwiss

  1. Wide range of trading assets. The broker offers access to various financial instruments such as currency pairs, stocks, indices, commodities, and cryptocurrencies.
  2. Variety of trading platforms. BDSwiss provides popular trading platforms such as MetaTrader 4, MetaTrader 5, and its own WebTrader platform, catering to the needs of different traders.
  3. Extensive analytical and educational materials. The broker offers analytical tools and educational materials to help traders develop and improve their skills.
  4. Support for multilingual customer service. The broker provides quality support in multiple languages, making communication easier with clients from different countries.
  5. A variety of deposit and withdrawal methods without commissions. The broker covers commissions for deposits and withdrawals and offers numerous funding and cashing-out methods, including bank transfers, cards, e-wallets, and cryptocurrencies.

Disadvantages of BDSwiss

  1. Spreads and Swaps. Depending on the account type and trading conditions, spreads and Swaps can be comparatively higher than those of other brokers.

Conclusion

BDSwiss is an attractive broker offering a variety of trading assets, intuitive trading platforms, and a wide range of analytical and educational materials.

This broker is suitable for different types of traders, from beginners to experienced professionals, thanks to the variety of services offered and a personalized approach to each client.

Nevertheless, it is recommended to conduct your analysis and compare offerings with other brokers to determine the most suitable partner for your investment and trading strategies.

Visit BDSwissTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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