BDSwiss Review and Scoring

BDSwiss user-ratings: $100
  • Asset varierity - 0/10
    0/10
  • Trading platform - 0/10
    0/10
  • Support - 0/10
    0/10
  • Fees - 0/10
    0/10
  • Deposit/Withdrawal - 0/10
    0/10

Facts about the company:

  • Type: Forex, CFD, Stocks, Indices, Commodities 
  • Regulation: FSA (Seychelles), NFA (US), FSC (British Virgin Islands), CySec (Cyprus), BaFin (Germany) 
  • Minimum deposit: $10,000
  • Demo account: Free
  • Markets: 250+ Forex,  CFDs, Stocks, Indices, Commodities

 

9.6/10
Comments Rating 9.6/10 (1 review)

Pros

  • Spreads from 0.0 pips
  • Multilingual support team
  • Daily Market Analyzes
  • Starting from 0.01 lots
  • Leverage up to 1:500 
  • Fast execution

Cons

About BDSwiss

The online broker BDSwiss is a European provider, which is primarily specialized in trading CFDs and foreign exchange. The company, which has its headquarters in Switzerland (in Zug), was founded in 2012.

Since then, the online broker has been able to generate a considerable base of customers and now serves almost 1 million customers around the world who already use BDSwiss trading services.

According to its own statements, factors such as modern platforms, competent customer service, and a high-quality trading environment are very important to the company.

Screenshot of the BDSwiss Landing Page

Regulation and deposit insurance from BDSwiss

One aspect that plays a major role in the search for a suitable online broker is a matter of regulation and deposit protection. As BDSwiss is part of the business division of BDSwiss Holdings PLC – a company under Cypriot law – it is regulated accordingly by the Cyprus Financial Services Authority. The Cyprus Securities and Exchange Commission (CySec for short) is therefore responsible for this.

In the course of this, the Online Broker must also comply with the strict requirements of the authority and execute the trades of his customers properly. Deposits from customers are secured at BDSwiss via the Cyprus Investor Compensation Fund up to 20,000 dollars per customer.

Apart from this, BDSwiss GmbH in Germany (based in Berlin) is a registered tied agent of BDSwiss Holding PLC.

Besides CySec, BDSwiss is also regulated by the FSA, the NFA, the BaFin as well as the FSC.

Previous awards of the Online Broker

Before going into more detail about the services and offers of BDSwiss, we will first take a brief look at the awards that the online broker has already won in the past. In this respect, the provider is advertising with awards that it has won in three different categories in recent years:

  • Mobile Star Awards 2018 & 2019: Best Trading App
  • World Finance 2019: Best Trading Conditions
  • Forex Global Awards 2019: Best Trade Execution

These tradable instruments are available at BDSwiss

At this point, we would like to discuss the various tradable instruments that the online broker offers his customers to choose from. As mentioned above, BDSwiss is a CFD & Forex broker. With this provider, traders can trade more than 250 underlying from leading exchanges.

BDSwiss Trading Portfolio

Indices
Initially, investors can trade more than 10 indices at BDSwiss, including the most important indices on shares from Wall Street to the Netherlands.

Cryptocurrencies
Trading with cryptocurrencies is also part of the online broker’s trading offer. With over 20 different digital currencies, the internationally leading cryptocurrency pairs can be traded 7 days a week for 24 hours a day.

Forex
Interesting for many traders at BDSwiss is certainly also the offer in the Forex area. With a selection of more than 50 forex CFDs, the online broker is relatively well-positioned. The range of services includes not only the classic main currency pairs but also some minor and exotic ones.

Commodities
Another category of tradable instruments at BDSwiss includes CFDs on commodities. Customers can choose from a variety of commodity CFDs such as oil, gold, natural gas, and more.

Shares
Last but not least, the provider also enables its customers to trade shares. With over 140 tradable products, this area is the most comprehensive in the online broker’s range of services. In this context, traders have hundreds of shares to choose from, which are listed on 4 international stock exchanges.

The trading conditions at BDSwiss

After the various tradable instruments of the Online Broker have been described in the previous section, the focus is now on the trading conditions that BDSwiss customers should be prepared for. Before we take a closer look at the fees for the respective trading instruments, a brief overview of the fees incurred will be presented in general terms.

Overview of the applicable conditions

In principle, there are 4 cost points at BDSwiss which should be considered in this context.

Overnight fees

The first thing to be mentioned here is the overnight charges, which are levied for positions that remain open overnight.

Currency Conversion

Although there are no direct conversion fees, the selected deposit currency is automatically converted using the standard BDSwiss exchange rates. This applies in the event that the initially selected account currency differs from the deposit currency.

Spreads and commissions

Spreads and commissions usually make up the largest part of the conditions with an online broker. At Bdswiss, spreads are charged on all “non-share” CFDs (commodities, currencies, and crypto-currencies) and commissions are charged on all share CFDs (shares and indices).

Inactivity fees

In the event of a lack of trading activity for a period of more than 90 days, an inactivity fee is also payable. A fee of 10% of the account balance is then charged each month.

Now that the different fees of the online broker have been presented, we will take a closer look at the individual instruments. As it would of course go beyond the scope of this article to go into each individual underlying instrument, we will only take a closer look at some of the most popular ones below.

Indices

IndicesSpreadsleverTrading volumeStop loss
GER 30from 1.0until 1:20from 1 € per pipfrom 3 pips
US 30from 2.0until 1:20from $ 1 per pipfrom 3 pips
NAS 100from 1.5until 1:20from $ 1 per pipfrom 3 pips
GBR 100from 1.0until 1:20from £ 1 per pipfrom 3 pips

Cryptocurrencies

CryptocurrenciesSpreadsleverTrading volume
BTC / USDfrom 160.0to 1: 2tradable from 0.01 lots
ETH / USDfrom 36.0to 1: 2tradable from 0.01 lots
XRP / USDfrom 0.020to 1: 2tradable from 0.01 lots
LTC / USDfrom 5.0to 1: 2tradable from 0.01 lots

Forex

ForexSpreadsleverTrading volume
EUR USDfrom 0.2 pipsuntil 1:30tradable from 0.01 lots
USD / JPYfrom 0.2 pipsuntil 1:30tradable from 0.01 lots
EUR / JPYfrom 0.4 pipsuntil 1:30tradable from 0.01 lots
GBP / USDfrom 0.3 pipsuntil 1:30tradable from 0.01 lots

Raw materials

raw materialsSpreadsleverTrading volume
goldfrom 0.1until 1:20tradable from 0.01 lots
silverfrom 0.05until 1:20tradable from 0.01 lots
US Oilfrom 0.3until 1:20tradable from 0.01 lots
Brentfrom 0.3until 1:20tradable from 0.01 lots

Shares

sharesSpreadsleverTrading volumecommission
Amazonfrom 1.0to 1: 5tradable from 1 lots0.15%
Applefrom 1.0to 1: 5tradable from 1 lots0.15%
Googlefrom 1.0to 1: 5tradable from 1 lots0.15%
Microsoftfrom 1.0to 1: 5tradable from 1 lots0.15%

Which trading platforms can be used at BDSwiss

In addition to the trading conditions of an online broker, the trading platforms provided by the respective provider always play an important role. In this context, BDSwiss offers its customers a number of different software for trading. On the one hand, it is possible to use the popular MetaTrader software (both MT4 and MT5). On the other hand, there is also an in-house trading platform from BDSwiss to choose from.

MetaTrader 4

The trading software MetaTrader 4 is a worldwide leading trading platform, which is provided by many online brokers, including BDSwiss. The advanced technology and the user-friendly interface create optimal conditions for traders regardless of their previous experience.

BDSwiss MetaTrader4

The platform contains a variety of useful tools and functions for analyzing and evaluating price movements. Furthermore, trades can be executed and processed easily and the use of Expert Advisors for automated trading is also possible without any problems. Last but not least, the platform is also individually customizable and can therefore be tailored to your own needs and strategies.

Some of the advantages of the trading platform are briefly described below.

  • Daily account overview
  • Real-time overview of the trading account
  • Multiple charting and analysis options
  • Free analysis tools
  • Permanent supply of current news directly in the trading platform
  • Compatible with the BDSwiss WebTrader

MetaTrader 5

And the further development of the MetaTrader 4 software can also be used for trading at BDSwiss. With MetaTrader 5, the user has the basic functions of its predecessor at his disposal, plus a range of other helpful tools. With the help of professional trading tools and numerous indicators, traders can trade more effectively and make decisions based on sound analysis.

BDSwiss MetaTrader5

Via BDSwiss, clients can trade an extended number of CFD underlying with minimal slippage and benefit from very low latency.

MetaTrader 5 is not without reason called the “most advanced platform in the world” due to the following advantages of the software, among others

  • More than 80 technical indicators and over 40 analytical objects
  • 100 diagrams can be displayed at the same time
  • extended order types (including pending, stop orders and trailing stop)
  • Automated trading with experienced consultants
  • Multi-asset trading on over 250 CFDs
  • Internal mailing system
  • BDSwiss WebTrader or Mobile App

As already mentioned, BDSwiss also has its own in-house trading platform, the BDSwiss WebTrader, or mobile app. Customers can therefore trade via the browser-based WebTrader from any device without having to download any software; an intact Internet connection is sufficient.

BDSwiss WebTrader

The WebTrader also convinces with its clarity, the trading interface is also kept very simple and therefore easy to control. The following video from BDSwiss gives a short insight into the adequate operation of the WebTrader.

BSSwiss Mobile App

The online broker also developed the BDSwiss Mobile App. This allows users to keep track of what is happening in the financial markets at any time from their mobile phone and, in the process, to access their own trading account. The provider lists the following aspects as advantages of the mobile app on its website:

  • Interactive charts
  • User-friendly trading interface
  • A complete history of trade and transactions
  • Account Setup & KYC Verification
  • 24/7 trading of cryptocurrency pairs

Account Types

The Online Broker offers its customers the following account types. The online broker offers three different account models, each of which is adapted to the requirements of different traders:

  • Basic Account
  • Raw Spread Account
  • Black Account

While the Basic account model is primarily suitable for beginners in the trading area, the Black Account is primarily intended for traders with experience. The Raw Spread Account offers an additional alternative, with which spreads from 0.0 pips can be traded with monthly subscriptions.

The following table is intended to illustrate the differences in terms of conditions depending on the account type selected:

Conditions:BasicRaw spreadBlack
Average spreads EUR / USD:1.50.31.1
Trading instruments:Over 250 assetsForex & GoldOver 250 assets
Minimum lot size:0.010.010.01
Maximum lot size:5010th50
Lever:until 1:30until 1:30until 1:30

And also regarding the availability of different trading tools, there are differences depending on the selected account type.

Possibilities for deposit and withdrawal at BDSwiss

Once investors have decided in favor of BDSwiss, the next step is to capitalize on their live accounts. For this purpose, the online broker offers a range of options for both deposits and withdrawals.

Deposit options:

  • VISA, Mastercard
  • Maestro
  • giropay
  • Instant bank transfer
  • eps
  • iDEAL
  • Skrill
  • Neteller
  • Bank transfer
  • PayPal

Withdrawal options:

  • VISA, Mastercard
  • Skrill
  • Neteller
  • Bank transfer
  • PayPal

The transaction is usually completed within 24 hours after payment. BDSwiss assumes any fees that may be incurred for both deposits and withdrawals.

Customer service at BDSwiss

The customer service of an online broker is also always important. BDSwiss is well-positioned in this area and enables contact to be established via several channels in the event of problems, questions, or concerns. A support team is available 24 hours a day, five days a week. Contact can be established via the following channels:

  • WhatsApp
  • Telegram
  • E-mail
  • Call back
  • Live chat

Telephone support is also available in 10 different languages. Apart from that, there is also a ready-made contact form in which you can express your concern.

Support available:24 hours on workdays
Telephone:+44 2036705890
Adress:support@bdswiss.com
Language:10 languages

Demo account with BDSwiss

In the meantime, the online broker also offers a demo account. This is particularly suitable for traders who want to test the provider first without already having to take a financial risk. On the website, however, BDSwiss does not provide any information about the duration of use and the amount of virtual capital.

BDSwiss trading

Conclusion

Last but not least, we would like to take a look at the experiences with online brokers on the Internet so far. The experience reports of customers of the provider are mixed, but the bottom line is positive. In addition to the fair fees at BDSwiss, the customer service is generally reliable and provides a solution to problems within a reasonable period of time.


Most asked questions:

What is the minimum withdrawal amount?

Withdrawals under $2 cannot be processed. Apart from that, there is no minimum withdrawal amount except for wire bank accounts.

Is there a free demo account?

Yes, everyone can open a free demo account on the BDSwiss website. With that, you can trade Forex and CFDs with $10,000 virtual credit.

How can i withdraw funds?

Withdrawing Funds are possible with different payment methods. You choose if you want to withdraw your funds with Neteller, Skrill, or by bank transfer and credit card.

Is BDSwiss regulated?

BDSwiss is a regulated online Broker – not only by the CySec but also by the German BaFin and other Trading regulation institutions like NFA, FSC, and the FSA. Therefore, BDSwiss is a trustworthy online broker.

One Response

  1. Andre Witzel August 31, 2020

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