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74-89% of retail CFD accounts lose money.
BDSwiss Facts
Min. Deposit

Min. $ 100 Deposit

Websitebdswiss.com
Regulated byCySEC, FSC
Max. Leverage1:30
Established2012
TypeMarket Maker
SpreadVariable
CommissionNone
Min. Trade0.01 Lots
Demo
74-89% of retail CFD accounts lose money.
PlatformsWeb Trader, MetaTrader 4, MetaTrader 5
InstrumentsForex, Crypto, CFD, Stock, Indices, Commodities

BDSwiss Review 2020

Forex

You can trade forex without commission. Spreads start at 0.3 pips.

GBP/USD Spread1.7 pips
EUR/GBP Spread1.3 pips
EUR/USD Spread1.1 pips
Assets50+
74-89% of retail CFD accounts lose money.
CFD
FTSE Spread1 pt
EUR/GBP Spread1.4 pips
Stocks SpreadFrom 1 pt
Oil Spread0.8 pips
74-89% of retail CFD accounts lose money.
Cryptocurrency

You can trade cryptocurrencies with micro-lots. Traded against EUR, GBP and USD.

BTC/USD SpreadFrom 1%
ETH/USD SpreadFrom 1%
LeverageYes
Cryptocurrencies<12
74-89% of retail CFD accounts lose money.
Deposit & Withdrawal Options
Demo Account
74-89% of retail CFD accounts lose money.

BDSwiss Group is a leading financial institution, offering Forex and CFD investment services to more than a million clients worldwide. BDSwiss as a brand was established back in 2012 and has since then been providing top-class online trading services on a wide range of platforms. 

Under the brand name BDSwiss, the group offers over 250 CFD trading instruments in 5 asset classes: currencies, cryptocurrencies, stocks, commodities and indices. The Group boasts of over one million registered accounts and a trading volume of €20 Billion forex trades per month. Their official websites are available in 23 languages

Recent Recognitions & Awards

  • “Best Trading App 2018 – 2019” by Mobile Star Awards™
  • “Best Trading Conditions 2019”, by acclaimed finance magazine and awarding body, World Finance
  • “Best Forex Trade Execution 2019” award by Global Forex Awards
  • “Best Trade Execution 2020” award by International Investor Magazine

Account Opening

Opening an account with BDSwiss is a fairly straightforward process, according to our BDSwiss review. You first need to sign up and complete a standard registration form. 

Opening an account with BDSwiss is free, in the sense that the broker does not force you to deposit or submit your payment details upon registration. Once you are logged in you will be able to view your client dashboard where a Demo and Live Account is made readily available. You will notice that your Demo Account has €10,000 demo funds for you to practice trading with. BDSwiss allows you to freely reset your demo balance and practice trading for an unlimited amount of time. It’s important to remember that profits or losses made on a Demo Account are virtual and that the funds are not withdrawable.

www.bdswiss.com – Official Webpage

KYC & Appropriateness Test

As a regulated broker, BDSwiss has the obligation to know its clients (KYC), which is why it requires you to verify your identity. To verify your account, you are required to provide proof of identity (POI) and proof of residence (POR) and complete a quick questionnaire (Appropriateness test and Economic profile). You can upload the documents through the BDSwiss dashboard or use the BDSwiss Mobile App to directly scan your documents and upload them on BDSwiss’ systems. It is a very simple and straightforward process.

Demo Account

74-89% of retail CFD accounts lose money.

Commissions and Fees

BDSwiss does not charge any fees on deposits or withdrawals processed via credit card. For Bank wire withdrawals below 100 EUR, BDSwiss will charge a fixed fee of 10 EUR. For all other withdrawals (except card refunds) below 20 EUR, BDSwiss will charge a fixed fee of 10 EUR.

Competitive Trading Conditions

A key differentiator when it comes to trading with BDSwiss is its competitive trading conditions. With raw spreads starting from 0 pips, no spread manipulation, commissions from $0 and no fees on deposits and CC withdrawals, BDSwiss is undeniably working hard to offer its clients an ultra-competitive trading environment. In recognition of its efforts to offer traders the best possible conditions, BDSwiss was awarded the “Best Trading Conditions 2019” by acclaimed awarding body World Finance.

Lower Spreads & Reduced Trading Costs

With the end-trader in mind, BDSwiss enables clients to speculate on raw spreads from 0.0pips on more than 50 CFD assets, including major and minor forex currency pairs as well as spot gold pairs. Building on a foundation of transparency and reliability, BDSwiss’ Raw ECN Account offers traders the full benefits of bridge integration, while also enabling them to benefit from accurate and more competitive pricing and reduced slippage. With an average execution speed of only 0.10 milliseconds, BDSwiss pushes the limitations of DMA trading, ensuring direct market pricing at ultra-low latency.

What is more, BDSwiss is ultra transparent when it comes to spread widening during highly volatile markets. The broker diligently gives traders a heads up before extremely volatile markets and does not manipulate spreads which leads to less spread widening, keeping trading costs ultra-low. For traders, spread widening can cause unexpected margin calls, which is why it is essential to trade with a broker with established liquidity providers like banks and other large institutionallenders. BDSwiss’ top-tier liquidity providers ensure more competitive spreads that do not fluctuate wildly. Essentially, lower spreads that do not widen too much in times of high volatility can help significantly reduce trading costs which translates to bigger profits and fewer losses. Of course, a competitive quote is not the only thing that guarantees lower trading costs, other factors such as latency, execution speed and slippage.

DescriptionBDSwiss
Account feeNo
Deposit fee$0
Withdrawal feeCredit Card: $0; Bank Wire: $10
Inactivity feeYes
74-89% of retail CFD accounts lose money.

Deposit and Withdrawal

Once you feel confident enough to start trading, you can fund your Live Account by depositing. BDSwiss offers a clean, easy-to-navigate web and mobile dashboard and advanced encryption tools that make your transactions very secure. Just select your live account and enter your preferred deposit amount.

With an impressive collection of 150+ international and local payment methods per country, BDSwiss clients can choose their preferred deposit and withdrawal method right before they fund their account. BDSwiss accepts introductory deposits, and processes withdrawals, in the form of instant transfer, bank transfer or credit card transaction, with outgoing credit card payments typically taking between two to seven business days to process. It is also important to note that instant transfer payments that are made to BDSwiss accounts are available immediately, enabling new clients to begin trading straight away.

Deposit and Withdrawal MethodsAvailable
VISA / Mastercard
Credit/Debit Cards
Bank Transfer
Skrill

Regulation and Reputation

Delivering award-winning services to clients from 173 countries begins with the robust compliance process BDSwiss has put in place. Apart from complying with strict anti-money laundering rules, BDSwiss Holding PLC – which is the Group’s registered entity for European clients under CySEC – is also a member of the Financial Commission, which entitles clients to up to EUR 20,000 in compensation through the Investor Compensation Fund if disputes lodged are mediated in their favour.

BDSwiss Licenses Overview

BDSwiss Group operates on a near-global scale under a multitude of licenses including:

  • CySEC: BDSwiss Holding Plc is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 199/13.
  • FSC: BDS Markets is authorized and regulated by the Financial Services Commission (FSC), Mauritius under license number C116016172.
  • NFA: BDSwiss LLC is a member of the National Futures Association (NFA) in the United States under license number 0486419. 

Trading Platforms

PlatformAvailable
WebYes
DesktopYes
MobileYes
74-89% of retail CFD accounts lose money.

From the world-leading MT4 to its user-friendly native apps BDSwiss has a truly versatile platform offering that caters for both advanced and beginner traders. BDSwiss’ platform arsenal includes the MetaTrader4 and MetaTrader5, as well as the natively developed WebTrader and its multi-awarded mobile app that enables users to create an account, deposit, trade and withdraws all on their iOS or Android device.

BDSwiss offers a wide range and CFD forex platforms to match your trading needs. Whether you are looking for a clean, intuitive mobile app to trade on the go, or the latest state-of-the-art MT5 platform equipped with the most advanced technical analysis tools, BDSwiss’ platform arsenal has the right trading interface for you.

Latency, Execution Speed & Slippage

Latency is essentially the time it takes for an order to be executed. In a matter of mere milliseconds, the price of an asset can change which means that if a broker does not provide optimal execution speeds traders can suffer slippage, which of course can be either negative or positive. Brokers with ultra-fast execution speeds like BDSwiss can guarantee near-instant order placements which diminishes the possibility of negative slippage and reduces the risk of traders having to suffer greater trading costs.

Web Trading Platform

The BDSwiss WebTrader is an ultra user-friendly platform that delivers a vast array of tools including unique indicators, automated trading via the pending orders feature, and an intuitive order window that automatically calculates position size, leverage and required margin.

BDSwiss’ WebTrader Platform, was exclusively developed in house to deliver an unparalleled trading experience accessible from all browsers and operating systems. BDSwiss WebTrader does not require downloading and it is fully synchronised to the downloadable versions of the MT4, allowing for live price monitoring via an advanced market watch. Translated into more than 24 languages, BDSwiss’ WebTrader is designed to give you maximum control,  enabling you to access your account quickly and efficiently on any device.

  • Intuitive Order Window
  • Available in 20+ Languages
  • Clean & User-Friendly Interface
  • Transparent & Secure Trading on any Device
  • Fully synced with the BDSwiss App & MT4
  • Cutting-edge Chartings Tools & Functionality
  • No download – Cross Browser Compatibility
  • Ultra-fast Order Execution, no Requotes

Desktop Trading Platform

BDSwiss offers a desktop trading platform (MetaTrader 4 or MetaTrader 5).

MetaTrader 4

Dubbed as the World’s No.1 Trading Platform BDSwiss Forex MetaTrader 4 platform enables you to trade with confidence and security. The BDSwiss Forex MT4 is perfectly equipped with all the necessary tools and resources needed to analyze price dynamics of financial instruments, make and edit trade transactions, as well as create and use automated trading programs (Expert Advisors). This highly customizable platform allows you to create a trading environment tailored to your personal preferences and trading strategies.

  • Easy to Use Interface
  • Regularly Updated News Feed
  • Free Preprogrammed Analytical Tools
  • Ability to Overlay Analytical Studies
  • Multiple Charting and Analysis Options
  • Multi-Language Features
  • Daily Account Statements
  • Real Time Order Summary
  • Fully Compatible with All BDSwiss Native Platforms

MetaTrader 5

The BDSwiss MT5 is the latest and most advanced MetaTrader platform that offers all the pioneering features of MT4, with the addition of more trading tools and indicators that enable traders to maintain more control of their trades and make more informed decisions using cutting-edge analysis. All the features that made MetaTrader 4 (MT4) the platform of choice have been kept and have been upgraded to a more sophisticated back end infrastructure that can support trading on multiple instruments from various asset classes. The latest MetaTrader platform provides a number of additional analytical tools and functions designed to give you a more comprehensive trading arsenal and an improved experience, thus making it one of the best platforms available in the market.

  • Multi-Asset Trading on +250 CFDs
  • Full Account History
  • Multi-Language Features
  • Daily Account Statements
  • Internal Mailing System
  • Stop Loss and Take Profit Orders
  • Automated Trading with Expert Advisors
  • Option to Overlay Analytical Studies
  • Multiple Charting & Analysis Options
  • Ability to Display 100 Charts Simultaneously
  • Over 80 Technical Indicators and over 40 Analytical Objects
  • Superior built-in MQL5 Development Environment
  • Supports Advanced Order Types

Mobile Trading

Developed in-house to meet the needs of beginner to professional traders, BDSwiss Mobile App enables you to fully manage your account and trade more than 250 forex and CFD assets on the go. Designed to offer BDSwiss traders an unmatched trading environment no matter their experience level, BDSwiss’ Mobile App is highly intuitive, super-responsive and can be used for all your trading needs. Users can register for an account, deposit, withdraw, upload their KYC and of course place their trades anytime, anywhere.

  • Real-time Quotes
  • Interactive Charts
  • In-Built User Tutorials
  • Live Chat & Support
  • Clean, User-Friendly Interface
  • Full Trading & Transactions History
  • Deposit and Withdraw Functionalities
  • Account Set-Up & KYC Verification
  • 24/7 Cryptocurrency Pairs Trading

Markets and Investment Products

BDSwiss offers a lot of diversity when it comes to underlying instruments. Boasting 250+CFDs, 5 different assets classes from leading exchanges, BDSwiss offers everything from leading shares like Apple, to indices like the S&P500, commodities like gold and oil, cryptocurrencies like bitcoin and forex pairs like the EUR/USD. BDSwiss enables you to instantly Buy or Sell hundreds of CFD assets including major, minor and exotic forex pairs, metals, energies, indices, cryptocurrencies and shares of the world’s biggest companies. Acknowledging BDSwiss’ broad asset offering and exceptional conditions the International Investor Magazine Awards awarded BDSwiss with “Best Forex & CFDs Trading Provider for 2020” during the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland.

Customer Support

BDSwiss provides unparalleled customer support in 20+ native languages on a 24/5 basis. BDSwiss’ excellent support team is on hand via live chat, email or a toll-free line to resolve any issues and provide traders with the information they need. BDSwiss’ support consultants are skilled experts in the financial sphere and have all the requisite knowledge to help traders resolve any issue at hand. 

Support opportunities

Education

BDSwiss’ Trading Academy aims to deliver a useful set of tools for novice and advanced traders alike, offering its clients a practical approach to trading education. Apart from a beginner to advanced video course series, BDSwiss’ Trading Academy offers more than ten live webinars on a daily basis, in English, Italia, Spanish, Indonesian and German language. Choose from a wide array of webinars including market morning briefs, live trading sessions during key events and introductory trading and platform walkthroughs.  What could be more exciting than looking over the shoulder of a professional trader as he invests live just when the markets are at their most volatile? BDSwiss daily webinar list includes cater to traders of all levels and enable you to watch an analyst break down key market events and have your questions answered live by true industry professionals!,

Autochartist

BDSwiss’ Autochartist is a powerful market analysis tool that automatically identifies and notifies you on potential trading opportunities, depending on your chosen settings. Autochartist enables you to monitor hundreds of assets on a 24×7 basis so that no trading opportunity is missed. Since the key levels along with the target are specified, you only need to spend a very minimal amount of time on analysis while the tool also allows  for easy customization.

This tool makes reliable market movement predictions in real-time by constantly scanning the markets to identify key forming trends across +250 CFDs. What is more Autochartist’s correlating signals will flag trading opportunities when support/resistance levels coincide with chart pattern projections, ensuring that traders receive actionable trading opportunities with the highest probability of hitting the forecast price.  Autochartist’s most popular feature, correlating signals, notifies you on key forming trends automatically just when the price hits support/resistance levels confirming the trend projection. Correlating signals are very popular with forex traders as they have stronger success rate and BDSwiss offers them at no extra cost to its VIP clients.

BDSwiss Analysis

BDSwiss’ team of renowned market analysts and professional traders work round the clock to provide up to the minute market news coverage and actionable financial commentary in multiple languages. BDSwiss research is made available daily while weekly, quarterly and yearly overviews and outlooks are also accessible for free. Recognised by the global industry community, BDSwiss’ Research Team has been featured by world-leading publications and is seen as a reliable, one-stop information source for all types of insightful market analysis including daily and weekly briefs, quarterly outlooks, expert projections, technical setups and detailed reports.

Trading Alerts

BDSwiss’ in house analysts and professional traders study the markets daily and share their insights with BDSwiss’ VIP Black Account holders via a free Live Trading Alerts Service on telegram. Traders receive real-time, actionable setups including Entry price, Stop Loss and Take Profit levels straight on their mobile phone devices. BDSwiss’ Trading Alerts Service is exclusive to Black and Raw VIP Account clients but there’s also a free unlimited trial version where BDSwiss pro traders will occasionally share trading alerts as well as other analysis including free webinars, daily briefs, autochartist correlated signals and more.

On BDswiss’ Alerts Telegram Channels you will receive daily set-ups and analysis by the pros that are easy to follow. To get started you simply need to register for a BDSwiss VIP account and then download the Telegram app on your phone in order to gain access to their channel. If you are looking for a free trial you can always join their free channel.

Pros and Cons

Pros
  • A wide selection of over 250 CFD instruments across Forex, commodities, shares and cryptocurrencies
  • High leverage option under FSC, Up to 1:30 Leverage under CySEC
  • A good selection of platforms which includes the MT4 & MT5
  • Daily Live Webinars for traders to choose and follow up on the market moves
  • Articles and complimentary market research is prepared on a daily basi
  • Ultra-low spreads and affordable commissions
  • Excellent liquidity and rapid execution
  • Feature rich value-added tools like Autochartist and trading alerts
  • Superb educational materials and daily market webinars
  • Highly accessible and user-friendly customer support channels
Cons
  • Raw Spread limited to forex and gold trading pairs (50CFDs)
  • One-on-one training only available to VIP clients
  • No US citizens currently accepted by BDSwiss

The Bottom Line

Focusing on clients needs and always working on improving its offering, BDSwiss makes no compromises when it comes to client experience. According to our BDSwiss review, with over 250+ tradable instruments, a 1M+ client base and 11M+ transactions per year, BDSwiss is a fast-growing broker with a competitive and transparent environment that can cater for the needs of traders looking for a broker that combines some of the best conditions.

74-89% of retail CFD accounts lose money.

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