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BDSwiss Review 2024

By:
Plamen Stoyanov
Updated: Mar 4, 2024
Overall Rating
4
  • Trust
    3.1
  • Fees
    3.2
  • Platforms and Tools
    4.3
  • Tradable Instruments
    4
  • Customer Support
    4.2
  • Research
    5
  • Deposit and Withdrawal
    5
  • Account Types and Terms
    4.9
  • Education
    4.8
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
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    Our Take on BDSwiss

    Founded in 2012, BDSwiss is a CFD broker that operates under several entities and serves clients globally.

    BDSwiss integrates the MetaTrader 4&5 platforms and has developed its proprietary web trading platform and mobile app.

    The broker features fast order execution speeds, averaging 65 milliseconds, which I deemed to be enough for implementing high-frequency trading strategies. It also stands out with its deep and diverse collection of research and education materials.

    However, BDSwiss charges rather high trading fees and offers a relatively narrow assortment of tradable instruments.

    Recommended in 6 best broker guides: 
     Forex | Platforms | Crypto | MT5 | Beginners | Gold

    BDSwiss Pros and Cons

    Pros Cons
    • Median execution speed of 65 milliseconds
    • Robust research content
    • Rounded educational materials
    • Choice of account types
    • Three entities are authorized by Tier-3 regulators
    • Limited instruments array

    BDSwiss Highlights for 2024

    • Offshore Regulation: Although BDSwiss is regulated offshore, it adheres to most safety requirements, such as ensuring negative balance protection.
    • Versatile Accounts: The broker offers a choice of account types geared towards traders with various experience levels – from first-time technical traders to seasoned veterans.
    • Fast Order Execution: BDSwiss’ execution speeds of 65 milliseconds makes it suitable for intraday trading.
    • Above-Average Trading Fees: The broker’s spreads, swaps, and commissions surpass the industry standard. Notably, for certain assets such as crude oil, the total trading cost may become significantly elevated.
    • Diverse Research: The broker publishes informative research developed in-house and also incorporates content from Trading Central and Autochartist.
    • Layered Education: BDSwiss offers extensive and nuanced educational content, including very frequent webinars.

    What Sets BDSwiss Apart?

    BDSwiss is distinguished for the breadth and variety of its supporting content. It dives deep into key trading areas with its educational content, covering everything from the fundamentals of technical analysis and fundamental analysis to the intricacies of trading psychology.

    Additionally, BDSwiss provides a wide array of market insights, including its own analysis, along with insights from Trading Central and Autochartist.

    Who is BDSwiss For?

    I determined that BDSwiss is mostly geared toward traders interested in high-yield and high-risk trading. The broker offers dynamic leverage* of up to 1:2000, suited for the most daring traders.

    *Dynamic leverage is available to clients in certain locations.

    I performed my tests on a Zero-Spread trading account using the desktop and mobile app versions of MetaTrader 5. The account was opened with the BDS Ltd (global.bdswiss.com) entity of the broker. Some features and services may vary depending on where you reside and which entity you open an account with.

    BDSwiss Main Features

    ☑️ RegulationsFSCM (Mauritius), MISA (Comoros), FSA (Seychelles), FSCA (South Africa)
    🗺 Supported Languages
    English, French, Portuguese, Arabic, Italian, Spanish, Greek, German, Malaysian, Filipino, Hindi, Indonesian, Thai, Urdu, Bengali
    💰 ProductsCurrencies, Stocks, ETFs, Crypto, Indices, Commodities
    💵 Min Deposit$10
    💹 Max Leverage1:2000 (FSCM), 1:2000 (MISA), 1:2000 (FSA), 1:2000 (FSCA)
    🖥 Trading Desk TypeMarket Maker
    📊 Trading PlatformsMT5, Proprietary, MT4, WebTrader
    💳 Deposit OptionsCryptocurrencies, Wire Transfer, Credit Card, Debit Card, Pix, PAYO, Korapay, OZOW, PromptPay, Beeteller
    💳 Withdrawal OptionsWire Transfer, Credit Card, Debit Card, PAYO, Korapay, OZOW, PromptPay, Pix, Beeteller, Cryptocurrencies
    🤴 Demo AccountYes
    🗓 Foundation Year2012
    🌎 Headquarters CountrySeychelles
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    BDSwiss Full Review

    Trust

    BDSwiss operates four entities. Three of them are regulated offshore, and one is authorized by a Tier-2 regulator. The broker provides layered protections, including negative balance protection and the segregation of client funds. I concluded that BDSwiss is fairly transparent, as its legal information is extensive and easy to understand.

    BDSwiss Regulations

    In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

    This is what I discovered about the several entities operating under the BDSwiss trade name:

    • BDS Ltd is licensed and regulated by the Financial Services Authority (FSA) of Seychelles under license number SD047. We rate the FSA as a Tier-3 regulator.
    • BDS Markets is licensed and regulated by the Financial Services Commission (FSC) of Mauritius under license number C116016172. We rate the FSC as a Tier-3 regulator.
    • BDSwiss Markets SA (Pty) Ltd is licensed and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under FSP number 49479. We rate the FSCA as a Tier-2 regulator.
    • BDS Investments Ltd is licensed and regulated by the Mwali International Services Authority (MISA) under license number T2023244. We rate MISA as a Tier-3 regulator.
    BDS Ltd’s licensing information on fsaseychelles.sc
    BDS Ltd’s licensing information on fsaseychelles.sc

    We have summarized the most essential aspects of BDSwiss in terms of regulation and safety in the table below:

    Entity Features BDS Ltd BDS Markets BDSwiss Markets SA (Pty) Ltd  BDS Investments Ltd
    Country/Region Seychelles, Mahe Mauritius, Ebene South Africa, Durban Mwali
    Regulation FSA FSC FSCA MISA
    Tier 3 3 2 3
    Segregated Funds Yes Yes Yes Yes
    Negative Balance Protection  Yes Yes Yes Yes
    Compensation Scheme No No No No
    Maximum Leverage* 1:2000** 1:2000** 1:2000** 1:2000**

    *The default leverage across all the entities is 1:400.

    **Available only to clients in certain jurisdictions.

    Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

    Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.

    Here is what you need to be looking for in a broker in terms of safety mechanisms:

    • Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. All BDSwiss entities ensure segregated client funds.
    • Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. All broker entities ensure negative balance protection.
    • Compensation scheme. A compensation scheme protects traders against the broker’s liabilities in the unlikely event that the company becomes insolvent. None of BDSwiss’ entities have a compensation scheme.
    • Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum leverage with BDSwiss is 1:2000.

    Is BDSwiss Safe to Trade With?

    I consider BDSwiss as a relatively secure broker since it meets crucial safety standards, including negative balance protection and segregation of client funds. However, it lacks a Tier-1 license.

    BDSwiss provides high dynamic leverage, which is advantageous for seasoned traders willing to take risks. Beginners, though, should be wary and approach high-leverage trading with caution, as it amplifies both potential profits and losses.

    Stability and Transparency

    In our Trust category tests, we also evaluate factors related to stability and transparency, focusing on the broker’s longevity, company size, and the availability of transparent information.

    A standout feature of BDSwiss is its transparent order execution. The broker regularly shares detailed reports, showing how fast trades are completed, how often trades end up costing more than expected, and more. This transparency is quite uncommon and valuable for traders looking to get informed.

    BDSwiss’ execution performance
    BDSwiss’ execution performance

    BDSwiss also ensures very high financial transparency, with accurate fee data being published with free access on its website. For instance, traders can read about the broker’s live spreads. I also appreciated the fact that there is a special page dedicated to introducing clients of BDSwiss to the team responsible for developing all market research.

    In summary, my research indicates that BDSWiss can be regarded as having a decent level of trust and stability due to the following factors:

    • Holds multiple licenses
    • Ensures negative balance protection
    • Publishes regular execution reports
    • Has a transparent website

    Fees

    BDSwiss offers medium to high spreads compared to the broader industry. This trend extends to its commissions and overnight fees. While deposits and withdrawals incur no charges, a notably high inactivity fee is applied.

    BDSwiss Trading Fees

    BDSwiss Spreads

    I tested BDSwiss’ spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on the 5th of February 2024. The results are shown in the table below:

    Instrument Live Spread AM Live Spread PM Industry Average
    EURUSD 0.2 pips 0.3 pips 1.2 pips
    GBPJPY 1.2 pips 0.9 pips 2.3 pips
    Gold (XAUUSD) 15 pips 4 pips 45 pips
    Crude Oil 0.05 pips 0.05 pips 0.03 pips
    Apple NA 0.03 points 0.07 pips
    Tesla NA 2.2 points 0.07 pips
    Dow Jones 30 1.5 basis points 1.2 basis points 3.5 basis points
    Germany 40 0.7 basis points 0.7 basis points 2.0 basis points
    Bitcoin $29.66 $33.44 $30

    Broken down by asset class and compared to the industry average, BDSwiss offers low spreads on FX pairs CFDs and indices CFDs, average cryptocurrency CFDs spreads, and low-to-high spreads on commodities CFDs and share CFDs.

    BDSwiss Commissions

    I have broken down BDSwiss’ commissions per account type and asset class in the table below.

    Commission Rates* Cent  Classic Zero Spread VIP
    Currency Pairs $0 $0 $6 $0
    Commodities $0 $0 $6 $0
    Share CFDs 0.15% 0.15% 0.15% 0.15%
    Indices $2 $2 $2 $0

    *Round-turn per lot

    Overall, the broker presents commission rates that range from average to high. BDSwiss’s ranking in this category is affected by the combination of its above-average spreads with its higher-than-average commissions, leading to elevated total trading costs.

    BDSwiss Swaps

    A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

    The values listed below are for one full contract (100,000 units) of the base currency.

    Instrument Swap Long Swap Short
    EURUSD Charge of $8 Credit of $1
    GBPJPY  Credit of $3.37 Charge of $29.05

    My tests indicate that BDSwiss offers low-to-average swaps. This makes the broker suitable for implementing longer-term trading strategies, such as day trading and position trading.

    Swap-free trading is possible via BDSwiss’ Islamic accounts.

    BDSwiss’ Non-Trading Fees

    The broker charges dormant accounts with an inactivity fee of $30. The fee is activated after 90 calendar days of inactivity. It is charged monthly until activity resumes or the account balance drops to zero.

    Deposits and withdrawals with BDSwiss are free of charge. Apart from wire transfer withdrawals, where a $10 fee is charged for withdrawals under $100, all other withdrawal methods do not incur this fee.

    What is unique to BDSwiss is that the broker also covers any banking fees incurred by the trader from third-party payment services.

    Are BDSwiss’ Fees Competitive?

    BDSwiss offers average-to-high trading costs. However, the swap rates I observed were more competitive and could meet the requirements of day traders and position traders.

    Accounts Comparison

    I have compiled the table below to help you better understand the difference between the trading fees of BDSwiss’s several account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry.

    The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10 for each account.

    To calculate the cost of such a full-sized trade, I used this formula: Spread x pip value+commission

    Account Type* Spread Commission** Net Cost
    Cent 1.7 $0 $17
    Classic 1.4 $0 $14
    VIP 1.0 pips $0 $10
    Zero Spread 0.2 pips $6 $8
    Typical STP 1.0 pips $0 $10
    Typical ECN 0.2 pips $6 $8

    *The numbers in this chart are only illustrative and subject to change over time

    **Round-turn commission

    My tests indicate that the Zero Spread account type of BDSwiss features the most affordable prices. Its pricing mechanism is more favorable than the typical STP account and meets the conditions of the typical ECN account type.

    Platforms and Tools

    BDSwiss incorporates the renowned MetaTrader 4&5 and features its own Web Trader platform and mobile app, which simplifies the analysis of price action. Additionally, the broker provides VPS hosting for enhanced execution speeds.

    Platform/Tool Suitable For
    BDSwiss Web Trader Price action examination
    MetaTrader 4&5 Automated trading
    VPS Hosting Automated trading

    MetaTrader 5 features multiple essential tools like one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways.

    MT5’s depth of market tool
    MT5’s depth of market tool

    MT5 is ideal for automated trading thanks to its Expert Advisors (EAs) feature and an integrated algo strategy tester.

    BDSwiss’ VPS hosting
    BDSwiss’ VPS hosting

    BDSwiss offers Virtual Private Server (VPS) hosting for enhanced algo trading. Subscribed clients can take advantage of faster order execution speeds.

    BDSwiss MetaTrader 5 Desktop

    The main panel of MetaTrader 5
    The main panel of MetaTrader 5

    General Ease of Use

    MT5’s layout is pretty straightforward. Account info is displayed at the bottom of the screen; charts occupy the middle portion of the window; a watch list of selected instruments and tools screen is positioned on the left side of the window; and a panel with various settings and configurations can be found at the top of the window.

    Charts

    I consider the charts screen a platform’s most important feature. It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.

    MT5’s charts window
    MT5’s charts window

    I have broken down the available analytical tools and chart configurations below:

    • 38 technical indicators. The platform supports trend-based, volume-based indicators, oscillators, and more. These can be applied to study price action behavior and determine the underlying market sentiment. In general, technical indicators are used to gauge where the market is likely to head next. The problem with MetaTrader 5, in my opinion, is that applying 2 or more indicators to the chart obscures price action rather than contextualizing it. This is due to the ruggedness of MT5.
    • 24 drawing tools. Drawing tools, such as Fibonacci retracement levels and Elliott waves, are used to study repeatable price patterns. Additionally, they can be applied to determine key support and resistance levels and potential breakout or breakdown levels. Despite the rather big collection of drawing tools, the ruggedness of MT5 makes it difficult to discern price action behavior.
    • 21 timeframes. MT5 allows multi-timeframe analysis of price action behavior. The greater the number of timeframes, the more intricate examinations that can be carried out across the short-term and long-term. One of the standout features of MetaTrader 5 is its vast array of timeframes.
    • 3 chart types. Price action can be represented as a line, bars, or candlesticks. This diversity makes it possible to examine potential trading opportunities from different angles.

    Orders

    MT5’s order placing window
    MT5’s order placing window

    I have broken down the available order types on the MetaTrader 5 platform below:

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order gets filled.
    • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

    My Key Takeaways After Testing the MetaTrader 5 Platform

    MT5 is a good option for fast and simple order execution. On the other hand, its dated and rugged design falls short compared to newer, sleeker platforms. As a trader who prioritizes flexible chart scaling, I find MT5’s charting capability too rigid and less effective.

    BDSwiss’ MT5 Mobile App

    Watch list (left), chart screen (middle), order placing screen (right)
    Watch list (left), chart screen (middle), order placing screen (right)

    BDSwiss’ mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT5. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

    My Key Takeaways After Testing MT5’s Mobile App

    MT5’s mobile app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor the development of your open positions and make changes if needed.

    Tradable Instruments

    BDSwiss offers a decent range of over 250 CFD instruments, including currency pairs, commodities, cryptocurrencies, indices, share CFDs, ETFs, and bonds. The broker lacks equities from major Asian markets like Hong Kong and Tokyo, which is a drawback for stock traders active in the Asian session.

    Markets Types Contract Types *Suitable For (Strategies)
    53 Currency Pairs Majors, Minors, Crosses CFDs Scalping, Contrarian, Trend Following
    6 Commodities Metals and Energy CFDs Scalping, Contrarian, Trend Following
    128 Share CFDs US, UK, Europe CFDs Scalping, Contrarian, Trend Following
    10 Indices US, Europe, Australia CFDs Scalping, Contrarian, Trend Following
    26 Cryptocurrencies Majors and Minors CFDs Scalping, Contrarian, Trend Following

    *With respect to trading fees, volatility, and contract types

    Compared to the industry average, BDSwiss offers an average amount of currency pairs, commodities, and share CFDs, and a high number of indices and cryptocurrencies.

    What Are CFDs?

    Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

    What Can You Trade With BDSwiss?

    Below, I have detailed the available CFD instruments at BDSwiss:

    Forex Commodities
    EURUSD | GBPJPY | USDCHF | USDCAD | EURAUD | EURJPY Gold | Crude Oil | Brent Oil | Silver 
    Share CFDs Indices
    Apple | Tesla | Microsoft | Netflix | Alphabet | Citigroup | Facebook Dow Jones 30 | Nasdaq 100 | S&P 500 | Australia 200 | Euro 50 | Germany 40
    Cryptocurrencies
    Bitcoin | Ethereum | LItecoin | Ripple | Dash | Cardano

    My Key Takeaways After Exploring BDSwiss’ Instruments Offering

    I determined that BDSwiss’ wide and varied range of trading CFD instruments is tailored for speculative trading styles, like intraday trading and contrarian trading strategies. This is owing to its large selection of volatile assets, including FX pairs and indices.

    However, the absence of lower-risk options, such as ETFs and bonds, makes it less ideal for those looking to hedge.

    Additionally, the focus on US and European stocks suggests that the platform is more fitting for traders within these regions.

    Customer Support

    BDSwiss offers fast and reliable customer service over live chat and email. While direct phone calls to the broker are not available, you can request a callback. Support is available 24/5 in 15 different languages. Throughout my review, I reached out to BDSwiss multiple times, and their customer support agents consistently demonstrated politeness, expertise, and helpfulness.

    Customer Support Channels

    Live Chat 24/5
    Phone Callback available
    Email 24/5
    Languages  English, Spanish, Portuguese, Malay, Filippino, Hindi, Indonesian, German, Italian, Greek, Thai, Arabic, French, Urdu, Bengali

    Customer Support Test

    When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

    I conducted my test on the 1 February at around 2:50 p.m. CET via live chat. Before connecting to an agent, you have to navigate their chatbot, which I assessed to be sufficiently sophisticated.

    I asked for clarification of BDSwiss’ leverage policies, and the agent responded fairly quickly, demonstrating her expertise. However, she struggled with explaining the broker’s execution model.

    My conversation with BDSwiss
    My conversation with BDSwiss

    Deposit and Withdrawal

    BDSwiss offers a wide range of payment methods, including bank wire, credit/debit card, and various e-wallets. Payment requests are processed swiftly. The broker does not impose a handling fee for deposits or withdrawals. Impressively, it also covers any third-party banking fees.

    BDSwiss Deposit Methods

    Payment Method Currency Fee Processing Time
    Bank Wire EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK $0 1-5 business days
    Credit/Debit Card EUR, GBP, USD $0 Instant
    PAYO ZAR $0 Instant
    Korapay NGN $0 Instant
    OZOW* ZAR, KES, GHS, TZS, XOF, UGX $0 Instant
    PromptPay** THB, IDR, PHP, VND, MYR $0 Instant
    Pix BRL $0 Instant
    Beeteller BRL, CLP, COP, CRC, MXN, PEN, GTQ, USD $0 Instant
    Cryptowallet  BTC, BCH, ETH, PAX, TUSD, USDT, USDC, LTC, XRP, DASH, ZCASH, ADA Network Fee Instant

    *Also: MPESA, Airtel, Vodaphone, MTN, Airtel Tigo, Orange Money

    ** Also: VietQR, DuitNow, PayMaya, GCash

    BDSwiss Withdrawal Methods

    Payment Method Currency Fee Processing Time
    Bank Wire EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK

    $0 

    (if under $100, $10 fee applies)

    Up to 24 hours
    Credit/Debit Card EUR, GBP, USD $0 Up to 24 hours
    PAYO ZAR $0 Up to 24 hours
    Korapay NGN $0 Up to 24 hours
    OZOW* ZAR, KES, GHS, TZS, XOF, UGX $0 Up to 24 hours
    PromptPay** THB, IDR, PHP, VND, MYR $0 Up to 24 hours
    Pix BRL $0 Up to 24 hours
    Beeteller BRL, CLP, COP, CRC, MXN, PEN, GTQ, USD $0 Up to 24 hours
    Cryptowallet BTC, BCH, ETH, PAX, TUSD, USDT, USDC, LTC, XRP, DASH, ZCASH, ADA Network fee Up to 24 hours

    *Also: MPESA, Airtel, Vodaphone, MTN, Airtel Tigo, Orange Money

    **Also: VietQR, DuitNow, PayMaya, GCash

    The payment methods vary across regions.

    Account Types and Terms

    BDSwiss provides four retail account types, with minimum deposit requirements ranging from $10 to $250. Creating an account is quick and straightforward. The broker accepts USD, EUR, ZAR, and GBP as base currencies. Swap-free trading is offered through its Islamic accounts. Demo accounts become available only after a live account has been set up.

    Why is Choosing the Right Account Type Important?

    Your account should align with your goals, needs, and ambitions in the market. Consider several factors when choosing an account type, including minimum deposit requirements, spreads and commissions, execution methods, and more.

    BDSwiss Account Types

    Account Type Cent  Classic Zero Spread VIP
    Average Spread 1.6 pips 1.3 pips From 0.0 pips 1.0 pips
    Commission $0 $0 $6 $0
    Leverage* Up to 1:2000 Up to 1:2000 Up to 1:2000 Up to 1:2000
    Instruments 70+ 250+ 250+ 250+
    Margin Call 50% 50% 50% 50%
    Stop Out 20% 20% 20% 20%
    Minimum Deposit $10 $10 $100** $250
    Islamic Account Yes Yes Yes Yes
    Autchartist and Trading Central Yes Yes Yes Yes

    *The default leverage across all the entities is 1:400. Trading leveraged products bears risk that can lead to losing some or all of your invested capital.

    ***Minimum deposit of $100 on Zero-Spread account applies to all jurisdictions excluding MENA countries: Bahrain, Egypt, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestinian Territory, Qatar, Saudi Arabia, United Arab Emirates, and Yemen.

    BDSwiss offers affordable accounts, with even the VIP account requiring just a $250 initial deposit. However, it’s crucial to note that BDSwiss has a low stop-out level of 20%, which may attract risk-takers but also increases the risk of significant losses, particularly because the broker permits very dynamic leverage, up to 1:2000. However, the broker’s default leverage is up to 1:400.

    What is CFD Leverage?

    The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

    BDSwiss’ Execution Model

    BDSwiss operates as an STP broker, though it is also licensed as a market maker. According to the broker’s website, BDSwiss achieves median execution speeds of 65 milliseconds. This is slightly better than the industry average.

    BDSwiss Account Opening Process

    BDSwiss’ registration form
    BDSwiss’ registration form

    The account creation process with BDSwiss is straightforward and quick. You can go at your own pace and be done with everything within an hour. I have summarized the step-by-step process below:

    • Step 1. Click ‘Sign Up’ at the top-right corner of the main page.
    • Step 2. Enter your personal details (name, email address, country of residence, etc).
    • Step 3. Choose a platform and type of leverage.
    • Step 4. Confirm your telephone number and email address.
    • Step 5. Upload proof of address and ID to verify your account.
    BDSwiss’ registration form (continued)
    BDSwiss’ registration form (continued)

    Demo Account

    BDSwiss offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment with $1,000,000 of virtual funds. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

    Islamic Account

    The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law. Traders who want to open an Islamic account need to contact BDSwiss’ customer support and request the service from there.

    BDSwiss Restricted Countries

    BDS LTD does not accept clients residing in the following countries: Democratic Republic of Congo, Eritrea, Iran, Japan, Democratic People’s Republic of Korea, Libyan Arab Jamahiriya, Mauritius, Myanmar, North Korea, Seychelles, Somalia, Sudan, Syrian Arab Republic, United States (and US reportable persons), the United Kingdom, and the EU.

    Research

    BDSwiss offers an impressive range of in-house research content and content incorporated from some of the best and most trusted third-party providers – Trading Central and Autochartist.

    I have broken down BDSwiss’ research content by type below:

    Daily Market Analysis

    BDSwiss daily market breakdowns
    BDSwiss daily market breakdowns

    BDSwiss regularly publishes highly informative analyses of recent market developments. Each article features sections on economics and fundamentals, supported by graphs and charts.

    This content is an excellent way for traders to stay informed about the latest developments and understand the drivers of price action. The articles are detailed, offering deep dives into the subject matter. Market analyses are freely accessible on the website to everyone.

    Technical Analysis

    BDSwiss Technical Analysis
    BDSwiss Technical Analysis

    BDSwiss’ technical analyses are concise and often focus on contrarian trading opportunities, such as expected rebounds and reversals from key support and resistance levels.

    Typically, each analysis comprises 1 to 5 paragraphs providing a basic overview of the topic. This content functions more as a trading signal than an in-depth analysis. What’s missing, in my view, is a detailed explanation of the reasons behind the expected price action behavior.

    Trading Central and Autochartsit

    Trading Central Content
    Trading Central Content

    The two services provide top-tier market research and actionable trading ideas. Traders can use the two interchangeably to gauge market sentiment from different perspectives and determine the best course of action.

    Video Breakdowns

    Video breakdowns
    Video breakdowns

    This section offers daily market breakdowns in video format produced in-house. Typically, each video lasts between 5 to 10 minutes. The content is presented in a lighter, more accessible manner. The chart walk-throughs are particularly useful, helping traders gain a clearer understanding of the concepts discussed.

    Economic Calendar

    BDSwiss’ economic calendar
    BDSwiss’ economic calendar

    The economic calendar is an essential tool in a trader’s arsenal. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.

    Weekly Outlook

    BDSwiss’ weekly updates
    BDSwiss’ weekly updates

    BDSwiss also develops broader weekly articles serving as weekly updates. They help traders prepare for next week’s trading events. Strong emphasis on economic events/releases that are likely to stir market reaction, e.g. CPI releases, unemployment releases, etc.

    The content is also supported by charts and graphs, providing a sense of which market events are likely to cause more volatility than others.

    My Key Takeaways After Exploring BDSwiss’ Research Content

    One of the best things about BDSwiss’ research content is how layered it is. Traders can obtain an understanding of a particular market event or evolving trading opportunity from multiple perspectives, which is essential for developing a balanced and sophisticated trading system.

    BDSwiss’ research content has a very strong emphasis on technical analysis, making it perfect for intraday traders and chart artists.

    Education

    BDSwiss offers an extensive range of educational materials, covering technical analysis, fundamental analysis, risk management, and trading psychology. The broker hosts daily webinars, offers one-on-one sessions with experts, and conducts regular seminars, among other resources.

    BDSwiss’ main educational categories
    BDSwiss’ main educational categories

    BDSwiss has published over 50 educational videos on its YouTube channel, offering easy-to-grasp insights into essential trading concepts. Additionally, there are 19 written articles on a range of basic trading topics, such as how to open an account with the broker, how to implement basic technical analysis or set stop-loss orders.

    The articles are geared towards first-time traders, helping them gain a very rough understanding of essential trading concepts, but even more importantly, helping them orient themselves as to how they should proceed with their learning.

    The broker has also issued e-books focused on the basics of technical analysis and trading psychology. I especially appreciated the latter, which I think is of key importance for long-term success in the market. Understanding the psychology of trading is integral to successful risk management, controlling one’s emotions, such as fear and greed, and more.

    Educational seminars
    Educational seminars

    The Bottom Line

    Founded in 2012, BDSwiss is regulated in several offshore jurisdictions and complies with most safety requirements.

    The broker has its proprietary web trader platform and mobile app, as well as incorporates the renowned MetaTrader 4&5. Moreover, BDSwiss offers VPS hosting and achieves median execution speeds of around 65 milliseconds – a pretty decent performance for intraday trading.

    BDSwiss has diverse trading accounts with different pricing mechanisms serving the needs of traders with various experience levels. Its trading fees, in general, are medium to high compared to the industry average.

    BDSwiss stands out against other brokers with extensive research and educational materials offerings, mostly oriented towards technical analysis. Also, the broker offers a dynamic leverage of up to 1:2000 to the benefit of only the most daring traders who are well-versed in speculative trading.

    I concluded that BDSwiss is mostly geared toward high-frequency intraday traders due to its fast execution speeds and comprehensive research content.

    FAQ

    BDSwiss is regulated by three Tier-3 regulators and Tier-2 FSCA. Even though it does not have a compensation scheme in place, the broker adheres to most other safety requirements such as ensuring negative balance protection. It is reasonably safe to trade with.
    BDSwiss charges spreads, commissions, and swap/rollover fees through the offered accounts.
    BDSwiss offers extensive educational and research content, which is mostly geared towards beginners. It also has affordable spreads and platforms with relatively easy learning curves.
    BDSwiss can deposit funds via credit cards, bank transfers, and e-wallets.
    The minimum deposit requirement with BDSwiss is $10.
    Withdrawals can be processed via wire transfer, credit/debit card, and e-wallets.
    Transaction times may vary between a few hours to 8 business days.
    The default leverage with BDSwiss is 1:400 and the maximum leverage for retail traders is 1:2000 (available in certain countries).
    To open an account with BDSwiss, visit the registration page.
    BDSwiss has its own web trader platform and mobile app, as well as incorporates MetaTrader 4 and MetaTrader 5.
    Yes, it does. The demo account is equipped with $1,000,000 virtual funds. However, it is only available after opening a live account.
    Yes, BDSwiss is suitable for scalping.
    Yes, auto-trading is available via MetaTrader’s Expert Advisors (EAs) feature.
    BDSwiss is not suitable for hedging because there are no lower-risk securities on offer.
    No, BDSwiss is not suitable for spread betting.
    Yes, BDSwiss offers VPS hosting.
    BDSwiss operates both as a market maker and an STP broker.
    No, BDSwiss does not operate a bank.

    See BDSwiss Full Information

    Headquarters CountrySeychelles
    Foundation Year2012
    RegulationsFSCM (Mauritius), MISA (Comoros), FSA (Seychelles), FSCA (South Africa)
    Publicly TradedNo
    Number Of Employees380
    Trading Desk TypeMarket Maker
    Trading PlatformsMT5, Proprietary, MT4, WebTrader
    Restricted Countries
    Austria, Bosnia and Herzegovina, Bulgaria, Canada, Congo, Croatia, Cyprus, Czech Republic, Eritrea, Estonia, Finland, France, Germany, Italy, North Korea, South Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Hungary, Norway, Poland, Romania, Iran, Greece, Democratic Republic of the Congo, Guam, Vatican City, European Union, United States, Albania, Slovakia, United Kingdom, Northern Mariana Islands, Somalia, Sweden, Slovenia, Belgium, Syria, Seychelles, Denmark, Serbia, Mauritius, Japan, Libya, Myanmar, Netherlands, Portugal, Ireland, Spain, Sudan, American Samoa
    Supported Languages
    English, French, Portuguese, Arabic, Italian, Spanish, Greek, German, Malaysian, Filipino, Hindi, Indonesian, Thai, Urdu, Bengali
    Min Deposit$10
    Max Leverage1:2000 (FSCM), 1:2000 (MISA), 1:2000 (FSA), 1:2000 (FSCA)
    Deposit OptionsCryptocurrencies, Wire Transfer, Credit Card, Debit Card, Pix, PAYO, Korapay, OZOW, PromptPay, Beeteller
    Withdrawal OptionsWire Transfer, Credit Card, Debit Card, PAYO, Korapay, OZOW, PromptPay, Pix, Beeteller, Cryptocurrencies
    Time to Withdrawal2
    Time to Open an Account9
    Crypto
    Ethereum, Monero, Dogecoin, Bitcoin, Litecoin, Bitcoin Cash, Ripple, Dash, NEO, TRON, Cardano, Stellar, EOS, IOTA, Qtum, Polkadot
    Products
    Currencies, Stocks, ETFs, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingNo
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossYes
    Guaranteed Limit OrdersYes
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistYes
    Trading SignalsYes
    Platform Languages
    Italian, Portuguese, Dutch, Chinese, Arabic, Czech, Hindi, Swedish, Filipino, Turkish, Thai, Korean, Vietnamese, Danish, Hungarian, English, French, Norwegian, Spanish, Russian, German, Malaysian, Romanian, Greek, Norwey, Polish, Indonesian
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)No
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Plamen StoyanovBroker Analyst

    Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

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