BDSwiss Review – Is BDSwiss a Scam or Legitimate Broker
BDSwiss is an international brokerage firm established in 2012 in Zurich, which fastly approached Markets and became one of the largest trading groups.
The current clients’ base of BDSwiss counts more than 1.5 million clients from over 186 countries and serves an exclusive Member club with more than 1.5 million traders.
Since the approach of the company establishment comes from Switzerland, its strong basis is confirmed by the excellent environment company built. And ever since provided online trading services as a worldwide operating group with its headquarters in Limassol – Cyprus, and established offices in Berlin – Germany, Kuala Lumpur – Malaysia, Tirana – Albania, Pristina – Kosovo.
BDSwiss has earned excellent reviews from the world trading community and numerous industry awards for its successful operation and trading technology they heavily invest in. BDSwiss was rewarded and recognized for its excellent service and trading technology, confirming its sustainable trading conditions and also very much identifying its Trading App along with Trade Execution:
* 2020 BEST FX & CEDs PROVIDER International Investor Awards
* 2020 BEST PARTNERSHIP PROGRAM ASIA Global Banking & Finance Awards
* 2020 BEST MARKET RESEARCH PROVIDER FxScouts Awards
* 2021 BEST MOBILE TRADING PLATFORM EUROPE Global Banking & Finance Awards
* 2021 BEST FX RESEARCH & EDUCATION PROVIDER World Finance AwardsYet, more of the detail you will see further in our BDSwiss Review so that you’re able to verify so.
Is BDSwiss safe or a scam
No, BDSwiss is not a scam. It is regulated by Swiss, Cyprus and other authorities providing low-risk Forex ad CFDs.
BDSwiss is a trading name of BDSwiss Holdings Ltd., a company incorporated under the laws of Cyprus, which also holds a Cyprus Securities and Exchange Commission license to provide its legal financial and trading services. As a state member of the EU, the Cyprus regulation fully complies regarding the provision of investment services with the European MiFID and MiFID II Directives designed to deliver a safe trading environment and control the operation of markets itself.
Also, BDSwiss, a holding, serves entities in Cyprus, Germany, and other offices authorized to deliver trading opportunities.
Is BDSwiss a regulated broker?
Thus, the BDSwiss company is eligible to provide services within the EEA zone and is a regulated broker. At the same time, the local authorities registered the company in their records of accomplishment or simple allowed to conduct offerings legally due to the broker’s records.
Another BDSwiss operation office is located in attractive offshore zones Mauritius and Seychelles. The Mauritius Financial Services Commission registers (FSC) and enhances the broker’s possibility of offering its service to various residents globally. Even though the offshore registration does not give strict and safe compliance to the trading standards and operation, since BDSwiss in parallel is regulated by the respected European authority overall, it is considered a safe broker.
However, we always recommend checking on the regulation carefully and never signing in with an only offshore registered brokers (read more why avoid trading with offshore brokers).
Leverage, a loan is given by the broker to the trader, enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse, increases high risks. Also, various regulatory standards and restrictions set a particular allowed level of leverage that is considered safe. So firstly, you should learn how to use tools smartly.
However, the opinions of authorities about “safe levels” are different, so make sure to verify under which regulation you will fall so that the level is defined correctly as well.
* European clients can now use only a maximum leverage level 1:30 for Forex instruments
* The global BDSwiss traders may be still entitled to a higher range of up to 1:500For the most accurate data, check on the official BDSwiss platform and verify its allowance with your residual status. Also, check each instrument separately as it varies according to the asset.
BDSwiss currently offers three main account types: Classic, Vip and Raw, created to cater to the needs of different Forex traders through lower costs according to trading sizes and advanced services once size increases. While Classic and Vip accounts are based on a spread only model, Raw account features interbank spreads and commission charge per lot.
When opening your trading account, there is an option to choose the desired base currency through the selection between the Euro (€), US Dollar ($) and the British Pound (£), which is excellent as it means you will not be charged for currency conversion. In contrast, the account balance can’t fall below zero due to the applied negative balance protection.
BDSwiss also does offer a Forex or CFD “Demo Account” that is free of capital risk environment, allowing either to learn or practice strategies check the trading conditions before the live account is active, which is very necessary for your better understanding.
How to open an Account?
* Load BDSwiss Sign In page. You may also sign with an existing account on Facebook or Google.
* Enter your data (Name, email, phone number, etc.)
* Upload your documents to verify the account. It is a legal procedure to check proof of your residents through utility bills, your ID or similar.
* Complete questionnaire about your trading experience and expectations
* Once your account is activated, you will access your account area.
* Next, once you learn all risks and benefits involved, you may proceed with funding.
* Almost instantly, you will be able to start trading through BDSwiss platforms.
BDSwiss trading fees are mainly based on spreads. We will find the usually applicable spread for each underlying asset you will be charged for. At the same time, the rollover for short and long positions is also an additional charge if you held positions overnight, as well as the margin requirement—full BDSwiss pricing, including funding fees and Administrative fees for non-use accounts. See the table below.
BDSwiss Classic and VIP account fees are included in the spread spreads, and commissions are charged when conducting trade and vary according to the account type you select. If you are a trader of bigger size and the one prefer a commission basis, then Raw Account is your choice. The Raw account offers an interbank spread and commission paid per transaction opening, 5$.
To get a closer look, check below the comparison of the most popular assets applicable to the BDSwiss Classic Account type. At the same time, the broker himself mentions that Classis spread is starting from 1.5 pips and VIP feature lower conditions with a spread from 1.1 pip. Also, you may compare BDSwiss fees to its peer BlackBull markets and other popular brokers listed below.
BDSwiss provides access to seamless trading through the fantastic range of 250+ underlying assets, while you may choose from leading Indices, Forex, Commodities and Cryptocurrencies based on CFDs.
Therefore, with access to the most liquid and famous markets, you may choose the desired and most understanding instrument according to your trading need and use BDSwiss user-friendly portal to benefit from trading.
Can I trade Cryptocurrencies? – BDSwiss Review
The trading costs and account types are among the average in BDSwiss offering, along with the range of tools that bring powerful portfolio features and a possibility to trade popular Cryptocurrencies. SO yes, you can also trade Cryptocurrencies based on CFDs with quite good costs.
In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself. So the conclusion comes to the point of a quality BDSwiss offering that may suit either beginning trader or even the seasoned professional.
BDSwiss works with various payment service providers that ensure your possibility to cover a wide range of deposit methods in a particular country.
Deposit methods include a wide range of payment options yet may vary according to the country regulations and your residence, so always good to verify this information with the support centre.
* credit cards
* bank transfers
* Skrill, iDEal, EPS, giro pay, and many more swiss Minimum Deposit is 100$, which is an attractive opportunity to many traders for a Classic account. Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits, yet may vary from entity rules to another.
Minimum Deposit $100
BDSwiss arranges withdrawal options with a good range of supported payment methods. While the minimum withdrawal amount is $100, the withdrawals are processed free of charge in most cases. Yet, in case you would like to withdraw less than the mentioned amount, the broker may add on a fixed processing fee of 10$.
How long does it take to withdraw money from BDSwiss? BDSwiss Review
As the broker mentions, it always aims to give withdrawal service within 24 hours, yet this is applicable towards working business days. On weekends or holidays, it may take longer to proceed. Also, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by BDSwiss.
How do I withdraw money from BDSwiss? BDSwiss Review
You should log in to your Client Portal and submit a withdrawal request by following the required procedure. You can check the steps by following this link.
The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform provides a comprehensive trading feature and vast solutions. It is not a surprise, as MT4 is a known industry intuitive platform that allows trading anywhere and anytime with advanced charting tools indicators to manage the risks with a better possibility to determine price direction.
Mobile Trading Platform
Of course, BDSwiss developed its Mobile App, which traders and publications highly reward. All the most important features are available there, so being on the go, you still may perform analysis, check on the open positions, manage them and access your account management.
Desktop PlatformThe available versions of MetaTrader4 and MetaTrader5 are suited to various devices, including PC, Mac, Applications or Web platform that requires no installations. SO yet, you can download the desktop version for those platforms and use its full capability, which active or professional traders more need.
There are no questions why so many traders choose MT4, as the platform is simply good with its charting capabilities, a range of tools and what is more pleasant, a vast number of add-ons available on the Market, making the trading process a pleasant one.
MT5, a newer version, also gained great popularity and featured even more advanced tools and comprehensive analysis options, loved by beginners or professionals. Moreover, there are plenty of strategies to choose from that are helpful for every trader, novice or experienced, either with manual trading or automated trading through EAs.
The available versions are suited to various devices and include PC, Mac, Applications or Web platforms requiring no installation.
There are no questions why so many traders choose MT4, as the platform is simply good with its charting capabilities, a range of tools and what is more pleasant, a vast number of add-ons available on the Market, making the trading process a pleasant one. Moreover, there are plenty of strategies to choose from that are helpful for every novice or an experienced trader.
One of the other great points we should admit is Customer Support. BDSwiss multilingual support is available with service the trader requires daily, which is also very sustainable and professional. Even though you can Live Chat, Phone or Email them within working hours 24/5, we remain happy with its quality level.
By maintaining optimum support and assistance, refined products and full transparency, the BDSwiss also educates its clients through its Academy. Educational resources covering helpful information on operating in markets develop own trading strategy with accredited courses and webinars.
With comprehensive education materials provided by Forex Courses, defined by expertise, Webinars and Seminars. Moreover, the broker offers Daily Webinars, an incredible opportunity for all traders (and especially beginners) to expand their Forex knowledge. You will also access helpful information with market alerts, trading information and analysis through its established BDSWiss Blog, which is reasonable and necessary for any trader, especially beginners.
Also, BDSwiss offers excellent research tools and supports traders with unique materials, making you a better trader. Besides general and popular tools like Economic Calendars good quality market Analysis provided by the BDSwiss Analyst team, there is also access to Authochartist and Trading Alerts available to all clients. Another fantastic and helpful tool can be found in the BDSwiss Research Portal – Daily Market Analysis, which provides 24/5 market coverage and leading financial commentary through daily previews, video briefs, and special reports.
However, the level of depth in the research tool depends on the client portfolio or account types. Similar to VIP and Raw, account holders will benefit from deeper research materials, including Exclusive Webinars, Performance Stats, VIP Trading Alerts and more.