Investigating the BDSwiss Online Broker

Otto Green • Mar 22, 2021
Min. deposit: $100
Bonuses program: for traders outside Europe region
Products: CFDs, Indices, Cryptocurrencies, Forex, Commodities, Equities
Demo account: Free
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At average of 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At average of 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

About Broker

BDSwiss is a broker from Switzerland that was first launched in 2012. While it is based in Switzerland, it has offices in the Seychelles, Cyprus, and Mauritius. Over the years it has steadily grown and now boasts over 1.5 million registered users.

With regulatory bodies from around the world, this BDSwiss broker caters to traders from over 180 countries, including South Africa, Thailand, Hong Kong, Malaysia and others. They have over 250 assets available to trade on.
BDSwiss homepage
BDSwiss homepage
BDSwiss homepage

Facts & Figures

DEMO ACCOUNT:
Yes, free
MIN. DEPOSIT:
$100
MIN. TRADE:
$1
REGULATION:
by CySEC, FSC, NFA and FSA
TRADE SIGNALS:
Yes
COPY TRADING:
No
ANALYTICS TOOLS:
Yes
TRAINING MATERIALS:
Yes
WEB-ADAPTED:
Yes
AUTO TRADING:
No
FOREX:
There is a rather small selection of different Forex pairs to trade with on BDSwiss. This is one of their main financial instruments and spreads vary depending on the account you use.
Leverage up to 1:500
Assets up to 50
No commissions and swap-free
STOCKS:
A decent selection of equities from companies listed on 4 different international exchanges. Spreads vary based on the asset and the account used to trade.
Leverage up to 1:5
Assets up to 140
Low commissions at 0.15%
CRYPTO:
BDSwiss have a good selection of cryptocurrency pairs to trade on. 24/7 trading is available through this instrument and the spreads vary depending on the asset and account, tending to be quite high on average.
Leverage up to 1:5
Assets up to 20
No comissions

Regulation

BDSwiss is a well-regulated broker. It complies with several different regulatory bodies that allow it to serve the wide range of countries that it does. These include the entities CySEC, FSC, NFA and FSA. The primary one of these is the Cyprus Securities and Exchange Commission (CySEC).

Each of these have strict rules in place that govern their particular jurisdiction and enable this broker to offer services to most regions around the world. This significant amount of regulation also marks BD Swiss as a reliable and trustworthy broker.

The Investor Compensation Fund (CIF), which safeguards up to a maximum of $20.000, helps protect deposits. This is additional security so you won't suddenly lose money if there's a problem.

Accounts types

There are three different account types to select from. Each of these offer traders' different spreads, commissions, deposit minimums and more. There is a free BDSwiss demo account to use for practice before jumping into the real trading: Classic Account, VIP Account and Raw account.
      BDSwiss account types comparison table
      BDSwiss account types comparison table
      BDSwiss account types comparison table
      (click on image to enlarge)
      • Classic Account
        The basic option available. The deposit required to start trading on this account is $100 or more. Here you will find the highest spreads of any of the three account options, starting from 1.5. Commissions on indices are fixed at $2 and there is no commission on Forex, crypto and commodities.

        There are also a few features that are not available through the classic account and can only be accessed by upgrading to one of the others. This includes some exclusive educational material and better trading alerts. Even though this is the most basic account option, there are still several features that have been included.

        This includes analysis, access to the trading academy, some basic free webinars and some limited trading alerts. It is important that the standard account still has a significant portion of the opportunities of the others and with BDSwiss this seems to be the case.

      • VIP Account
        This account requires a minimum deposit of $3000. The VIP account includes all the classic account features and few extra ones that improve the overall offering.

        One advantage of using the VIP account is that spreads are slightly lower than on the classic option. There is also no commission on indices. The VIP account grants you access to priority services, better trading alerts and a personal account manager. You also get exclusive webinars to give you more information on the market.

      • Raw Account
        With a minimum deposit of $5000, you gain entry to this account. At this level, spreads are much lower than even the VIP account. The Raw account works via a commission charge per lot. There is also not a swap-free option available on this account, while both other accounts provide this.

      Trading offers

      BDSwiss offers over 250 assets to trade on, across 5 different financial instruments. Their primary focus is on Forex, shares, and cryptocurrencies. They also offer assets on indices and commodities. These assets come from exchanges all around the world. The overall offering is not as large as some other brokers, but new ones are being added regularly.

      There are over 50 Forex pairs and over 140 shares to trade on. The selection of crypto is fairly large compared to other brokers with 21 pairs available. Rounding out the remaining assets, there are just over ten indices and seven commodity assets. The majority of these are CFDs, so you are trading on the value of the underlying asset and not buying or selling the actual asset itself.

      Spreads are applied to BDSwiss Forex, crypto and commodity financial instruments. These vary depending on the asset and account you use. The other instruments work off a fixed commission, again relative to the account being used.

      Deposits and Withdrawals

      As we have seen, the deposits required for this broker depend on the account you choose. The lowest entry level requires a $100 deposit to start trading for real. When it comes to transactions, BDSwiss offers a range of payment services that you can use. These include the traditional credit cards and bank transfers. There are also several e-wallet options like Skrill, PayPal and Neteller.

      This makes transferring money to and from your account easy to do. There are no extra fees for using credit cards and no minimum withdrawal for all payment options except bank transfers from overseas, where the minimum is $50.
      However, BDSwiss charges $10 for bank transfers less than $100 and other payment methods under $20.

      Commissions & fees

      There are underlying costs involved with trading on BDSwiss. Compared with other brokers these are rather low, but they are attached to several different activities and can stack up.

      • Withdrawals. We have already seen that a fee of $10 is charged for bank withdrawals that are under $100 and other withdrawals under $20. This is a fixed amount and does not apply to deposits.

      • Swap Fees. These are fees for holding a position overnight. They depend on the size of the position and the asset involved. They will either be charged immediately or added to your account.

      • Currency conversion. BDSswiss will auto convert whichever currency you deposit into the account into the base currency you have set. They do not charge anything for this process and apply the conversion based on the current value of the currency. Some other brokers do charge for this service, so it is a good sign when the broker offers it up for free.

      • Spreads and Commission. The size of these additional costs mainly relies on the account you use. For the most part, variable spreads are attached to the Forex pairs, crypto pairs, and commodities. While a fixed comm is generally applied to indices and shares. The commission on shares is 0.15% regardless of the account selected.

      • Inactivity Fee. BDSwiss charge a fee of 10% of the total balance to inactive accounts per month. The minimum this can be is $25 and the maximum is $50. This continues until the account is active again or the total reaches zero.
      BDSwiss fee types
      BDSwiss fee types
      BDSwiss fee types

      Web and App availability

      BDSwiss offers traders great flexibility when it comes to selecting a trading platform. They have MetaTrader4, MetaTrader5, their own WebTrader and a mobile app. Each of these has different levels of accessibility and features available while you trade.

      MT4 and MT5 are popular platforms for trading and BDSwiss has incorporated most of its services into these systems. This includes a customisable interface, news feeds, analytical tools, charting options, multilingual features and much more. You can trade multiple assets at the same time, check your accounts and trading history and add a variety of technical indicators through these platforms.

      While MetaTrader5 is the more recent version, the BDSwiss MetaTrader4 platform is probably the most popular. This is at least in regard to BDSwiss MetaTrader options, with their WebTrader and mobile app probably seeing more action than either of these.
      BDSwiss MetaTrader
      BDSwiss MetaTrader
      BDSwiss MetaTrader
      The BDSwiss WebTrader is designed by this broker and works very well with the available features. Traders have access to the full range of over 20 languages, an intuitive interface, secure trading and immediate responsiveness. It also allows syncing with the mobile app to create even easier access to the market across all devices.
      BDSwiss Web Trader
      BDSwiss Web Trader
      BDSwiss Web Trader interface
      The BDSwiss mobile app is a good quality mobile platform for trading. It is designed just for this broker and has access to a surprising number of features. Traders can make deposits and withdrawals, interact with charts, check trading histories and much more. The best part of this is it all happens right from the palm of your hand, meaning access to the market is easy and quick.

      This app is available on both iOS and Android. According to several BDSwiss reviews, the mobile app is regarded as a high-quality trading platform. You can get this BDSwiss download at the app store for free.
      BDSwiss mobile app
      BDSwiss mobile app
      BDSwiss mobile app

      Support & Tutorials

      Live chat, phone, email, Whatsapp and even an FAQ section are on the list of support options. There are multiple languages available, so communication is simple. The drawback is that the customer support is only available during the week. Most trading happens during the week, so this is not too bad.

      You can access most of these through any of the platforms options. There is also the BDSwiss web page that has ways of getting in contact with the support team. This includes an even more comprehensive FAQ to answer just about any queries you might have. Relative to other brokers, this is on the high end of customer support capabilities.

      There are also various tutorials accessible through the platform and the web page. Some of these are free and you can check them out even before signing up. Others are more exclusive and require a more prestigious account type. VIP and Raw accounts have access to the full range of these supporting tutorials and webinars.
      BDSwiss video tutorials
      BDSwiss video tutorials
      BDSwiss video tutorials website section
      Alongside these exclusive webinars, traders gain access to a personal account manager. Priority service is included with VIP accounts and above, so the support teams are even more attentive than before. There are also lessons on Forex and more for novices and experienced traders alike.

      On the platform you will also have access to news feeds and articles related to trading. There is also a range of research related tools. These help you analyse the market and plot out strategies based on your findings. There are alerts and indicators that can be set up for even more immediate information.

      While not quite a tutorial, the BDSwiss demo account does allow you to test out the information gathered from the different webinars and tutorials. This is always useful to do before testing it out with real money.

      Bonuses

      BDSwiss does not offer any bonuses to EU countries but there are a few for traders outside of Europe. This includes referral promos and even a few competitions related to volume traded. These little added features do not make much of a difference but can add a little bit of additional reward to your trading.

      Another little bonus that BDSwiss adds to all of their accounts is basic access to Autochartist. This is a powerful tool that can help identify chart patterns using various indicators. It is great at helping identify good trading opportunities. VIP accounts get full access to this and 24/7 analysis. These bonus features can play a big part in a trader's choice of broker.

      CONCLUSION

      PROS
      CONS
      • Wide variety of CFD stocks
      • Company offer to choose from 2 entities: reg and non reg
      • Don't have exposure limits
      • The minimum deposit is $100
      • No binaries.
      Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At average of 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
      Advertising:
      Top 5 Options Brokers 2021
      Expert Option

      Binomo

      eToro

      DukasCopy

      Plus 500
      Top 5 Forex Brokers 2021
      BDSwiss

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