BDSwiss Broker Review
BDSwiss is an international brokerage firm based in Zurich that was founded in 2012. It is owned by BDSwiss Holding PLC and is licenced by the Cyprus Securities and Exchange Commission (CySEC).
Since the approach of the company’s establishment stems from Switzerland, the great trading atmosphere that the company has created proves its strong foundation.
If you are looking to open an account with the BDSwiss, then consider this review first.
You can find our transparent BDSwiss review below. Broker reviews are updated frequently!
We value your feedback: Rate this broker by leaving a comment and rating below this review.
Pros / Cons
- Low Spreads
- User-friendly Web Platform
- Multiple Account Types
- Broker Verified
- No FSCA Regulation
- No ZAR Account Currency
Table of contents
- BDSwiss Regulation
- BDSwiss Tradeable products
- BDSwiss Account types
- Opening an account
- Account currency
- Trading platform
- BDSwiss Commissions and fees
- Deposits and Withdrawals
- Education and Research
- Customer Service
- Bonuses and Promotions
- Special features
- BDSwiss South Africa
- Affiliate program
- Our verdict
- Bottom line
- Broker FAQ
The Cyprus Securities and Exchange Commission is BDSwiss’ major regulator (CySEC).
The Financial Services Authority (FSA) Seychelles has authorised and regulated BDS Ltd.
The FSC Mauritius has also authorised and regulated BDSwiss as an Investment Dealer.
BDSwiss GmbH is the BaFin-registered German subsidiary of BDSwiss Holding PLC.
The broker is also regulated by NFA (National Futures Association). Despite being regulated in the United States, service is not currently available to American traders.
In addition to the tier 1 regulation in place, BDSwiss implements various additional measures to improve your trading safety and security.
These safeguards include negative balance protection, which means you cannot lose more than you deposited. In addition, the use of segregated accounts at top-tier banks ensures that your assets are always safeguarded even if the broker experiences major financial difficulties. Moreover, if you are an EU trader, you may be qualified for coverage under the broker’s ICF insurance. This will provide additional coverage of up to €20,000 if BDSwiss has major financial difficulties.
BDSwiss Tradeable products
During our BDSwiss review, we were pleased to see that asset selection at BDSwiss is extensive but mostly based on the asset sector picked. With 51 currency pairs, the Forex market is the most well-covered sector. In addition, seven commodities CFDs are available to traders as an introduction to this asset class.
Surprisingly, with 21 cryptocurrencies, this broker provides a quite wide range of options, which is quite pleasant given that this is an area sometimes overlooked by brokers.
BDSwiss Account types
BDSwiss provides five types of accounts: individual, VIP, raw, Islamic, and investplus.
The BDSwiss individual account is a common choice among broker’s traders. Here you can find an easily accessible account type with a modest minimum deposit of $100.
The BDSwiss VIP account is the next level of service provided by the broker. You’ll get complete Autochartist access here, as well as a more competitive spread that starts at 1.1 pips and access to some unique stuff, such as a VIP Telegram service and webinar access reserved for VIPs only.
In terms of the spread available, the BDSwiss raw account is the most competitive. This starts at 0 pips. However, there is a $5 commission each lot round turn added here. The account type also includes complete Autochartist access and access to exclusive webinars and the VIP Telegram service. The broker’s minimum deposit for a raw account is $5,000.
BDSwiss Islamic accounts are available, although not on the Raw account type. Of course, this account complies with Shariah law and does not charge swap fees. This is replaced by another type of fee if you want to keep a position available for more than ten calendar days.
Only traders from the EU and the United Kingdom can open an InvestPLus account. To open this account, you must have made an average of 10 major size transactions every quarter in the previous year and have a financial instrument portfolio worth more than €500,000.
BDSwiss also offers a demo account. Although the BDSwiss demo account is limited to a 30-day trial period, it is fast and easy to open with the most basic information.
Average Standard Account Spreads on Majors
- EUR/USD: 1.1
- GBP/USD: 1.7
- USD/JPY: 1.3
- AUD/USD: 1.4
Opening an account
BDSwiss says on its website that the account opening process takes less than 49 seconds to complete.
Here’s what you need to do to open an account:
- Enter essential info like full name, country, phone, password, email, country of residence, and date of birth.
And that’s it. You have opened an account with the BDSwiss.
BDSwiss allow four base currencies. These are USD, EUR, GBP, and CHF. Unfortunately, as a South African, you cannot open an account in ZAR.
In terms of desktop trading platforms, BDSwiss provides both MT4 and MT5. These are two of the most well-known and powerful trading platforms in the industry, offering a range of features. They are also simple to use, run on almost all devices without trouble, and include a wealth of charting and trading features, including a market sentiment indicator, as standard. These trading platforms will be available on both Windows and Mac computers.
The broker’s unique trading platform is the BDSwiss WebTrader. This is easy to use and intuitive. This platform also does not require a download. In addition, it offers support for over 20 languages, a plethora of charting tools and features, and some of the industry’s fastest trade execution with no requotes.
The BDSwiss mobile trading platform incorporates all of the best features of the desktop and web-based platforms, allowing you to manage your account completely, including deposits and withdrawals, as well as interactive charting and trading.
BDSwiss Commissions and fees
BDSwiss offers spreads beginning at 0 pips and commissions starting at $5 per traded lot. Spreads on the other account types begin at 1.1 pip, or 1.5 pips, which is a little excessive.
Overnight fees are levied by BDSwiss. This cost is collected at the market’s closing hour, and because it varies daily, you may obtain the exact fee amount that may be received or paid depending on the asset at the moment through your trading platform. If you have an Islamic trading account, this will not apply to you.
If you are inactive for 90 days or more, you will be charged a BDSwiss inactivity fee. This fee is ten per cent of your account balance.
BDSwiss leverage is determined by both the entity you are registered with and the asset you are trading. Your maximum leverage will be 30:1 under the EU entity of BDSwiss, which includes both CySEC and the FCA unless you qualify for a professional account, which will increase it to 400:1. The maximum leverage available through the broker’s two offshore firms, BDS Ltd and BDS Markets, is up to 500:1 on major FX pairs.
Deposits and Withdrawals
You have several deposit methods to select from. Skrill, Neteller, PayPay, giropay, Sofort, eps, iDeal, and dotpay are among the payment processors available, in addition to regular bank wires and credit/debit cards.
The BDSwiss minimum deposit is determined by the type of account you select. The required minimum deposit is $100.
BDSwiss deposits and withdrawals are normally fee-free. In most cases, the broker will also pay any fees you may incur when making a deposit. The only exclusions can be if you deposit a non-base currency or if your bank charges a fee for making a wire transfer.
Education and Research
BDSwiss does a fantastic job of delivering a well-stocked and comprehensive research offering.
They provide the detailed perspective of eight different professional analysts, each specialised in their own sector and in-depth market news that is updated daily. There is also a technical analysis part with a breakdown of numerous markets and assets.
A broader weekly forecast is also presented, as is a daily market preview in video format. Overall, it’s a fantastic opportunity to learn about many of the different assets accessible for trading.
The broker’s education section continues to excel. They provide a high-quality training academy with video classes that appeal to all levels of traders and are divided into three categories: beginner, intermediate, and advanced.
The written content is of reasonable quality, except Marshall Gittler, the head of the BDSwiss research team, which provides coverage of market insights.
The broker’s Telegram channel, which has a free basic version that anyone can access and a VIP version that is only available to premium account holders (VIP and raw account), is used to provide real-time Trading Alerts as well as notify clients of important releases, volatility alerts, and upcoming live-trading webinars.
A multilingual customer support team is available 24 hours a day, seven days a week, and can be reached via email, phone, WhatsApp, Telegram, or live chat.
BDSwiss supports ten languages and provides live chat, email, and phone communication with many phone numbers available locally, depending on your region. There is also a comprehensive FAQ area, so you may not need to contact the support team if you have a frequently asked topic.
Bonuses and Promotions
Due to legal constraints, BDSwiss does not offer bonuses or unique promotions in Europe. However, there are regular referral promotions for non-EU clients enrolled with FSC Mauritius.
The claimed trade execution is the most significant feature we observed throughout our BDSwiss review, and it is surely worthy of mention. But, again, the numbers show a great execution environment on paper, with zero requotes and 73.40 per cent of zero or positive slippage.
BDSwiss South Africa
If you are a South African client, you will be glad to know that you can open an account with BDSwiss. Unfortunately, however, it does not allow you to open an account in ZAR.
The BDSwiss allows partnership programs like introducing broker, white-label partnerships and refer a friend program.
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A respected fundamental analyst leads the research team. The broker delivers market news coverage 24 hours a day, seven days a week through daily and weekly reviews, as well as quarterly outlooks, video briefs, and special reports. In addition, daily, a series of free live trading and educational webinars are presented in more than five languages.
The opportunity for BDSwiss to deliver a considerably more client-friendly environment is enormous and obvious.
One of the BDSwiss downsides that we have seen is that, while they provide a Zero Spread Account, the minimum deposit required to start the account is unnecessarily large.
The ten per cent inactivity fee can potentially add up quickly if you have a significant balance.
Finally, with 200 or more assets to trade, it should be noted that the selection may be limited, particularly for more experienced traders.
Overall, BDSwiss is a rapidly expanding broker with a competitive and transparent environment that may meet the needs of traders seeking a broker that offers award-winning conditions, great execution, quality education, and optimal support.
For traders, the BDSwiss platforms provide a diverse selection of equities and commodities. It is a global leader in CFDs and forex trading, with about 1 million client trading accounts.
All types of investors will be able to find value in BDSwiss’ services thanks to an extraordinarily well-rounded platform that focuses on providing great execution and competitive pricing.
Feel free to try BDSwiss, as the broker has multiple account types with a spread starting from zero pips.
We value your feedback: Rate this broker by leaving a comment and rating below this review.
Thinking of Trading with BDSwiss?
What is the BDSwiss’s minimum deposit?
The minimum deposit from opening an account with BDSwiss is $100.
How do I deposit/withdraw from the BDSwiss account?
You can deposit/withdraw funds through debit/credit card, bank wire transfers, Skrill, Neteller, PayPay, giropay, Sofort, eps, iDeal, and dotpay.
Is BDSwiss spreads high?
BDSwiss offers competitive spreads.
What is the maximum leverage at BDSwiss?
The maximum leverage depends on the regulator from which you open an account. For example, if you open an account from the EU, then the maximum leverage is 1:30, and if you open an account from other countries, the maximum leverage can reach 1:500.
Does BDSwiss use MetaTrader?
Yes, Metatrader 4 and 5.
Is BDSwiss available in South Africa?
Yes, BDSwiss is available for South African traders.
Yes, I want to demo trade
Heinrich is a Forex and CFD enthusiast with a passion for writing good informative quality content. He strives to showcase the best Forex Brokers in South Africa. Join him on his Journey!
Content Writer | Market Analyst
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