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BDSwiss Review 2020

4.4

By 7 User Reviews

Regulated By:CySEC, FSC

Foundation Year:2012

Headquarters:Apostolou Andrea Street 11, Hyper Tower, Limassol, Cyprus

Min Deposit:$100

Open Account

Your capital is at risk.

Jitan Solanki

Last updated: May 24, 2020

At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.

“BDSwiss is a Forex and CFD broker offering to trade on 250+ instruments covering Forex, Commodities, Cryptocurrencies, Indices and Equities, from 3 account types on the MetaTrader 4 and MetaTrader 5 platform.”

BDSwiss was founded in 2012 and offers trading accounts regulated under the Mauritius Financial Services Commission and the Cyprus Securities and Exchange Commission.

Users can trade on more than 250+ financial CFD instruments covering Forex, Commodities, Cryptocurrencies, Indices and Equities, on 3 account types called Classic, VIP and Raw on the MetaTrader 4 and MetaTrader 5 trading platforms and the broker’s own BDSwiss Web Trader and BDSwiss Mobile App.

The broker also offers educational events via live analysis and educational webinars and seminars, as well as a beginner to advanced courses in its Trading Academy. Users can also access AutoChartist and live trading alerts via Telegram, depending on account type. Customer service is offered 24/5.

Pros:	Cons:
Multiple regulations. Commission-free trading available. Access to raw spreads available. Can trade on MetaTrader 4 and MetaTrader 5.	Best spread accounts require higher minimum deposits.

General Information

Official Site:https://www.bdswissgroup.com

Demo:Open Demo Account

Regulated By:CySEC, FSC

Foundation Year:2012

Headquarters:Apostolou Andrea Street 11, Hyper Tower, Limassol, Cyprus

Min Deposit:$100

Max Leverage:1:500

Publicly Traded:No

Deposit Options:astropay, Credit Card, Cryptocurrencies, EasyEFT, FasaPay, Giropay, iDeal, ngan-luong, PayPal, paytrust88, Przelewy, QIWI, Skrill, Sofort, trustly, Webmoney, Western Union, Wire Transfer

Withdrawal Options:Credit Card, Cryptocurrencies, Neteller, PayPal, QIWI, Skrill, Webmoney, Western Union, Wire Transfer

Tradable Assets:Currencies, Commodities, Indices, Stocks, Crypto

Trading Platforms:MT4, MT5, Proprietary, webtrader

Commission on Trades:Yes

Fixed spreads:No

Trading Desk Type:Dealing Desk, DMA, Market Maker

OS Compatibility:Desktop platform (Windows), Desktop platform (Mac), Web platform

Mobile trading:Android, iOS

Accepts US Clients:No

Rate BDSwiss

BDSwiss Video Review

Investor Protection & Regulations

“BDSwiss is authorised and regulated by the Mauritius Financial Services Commission and the Cyprus Securities and Exchange Commission.”

BDSwiss is authorised and regulated by the Mauritius Financial Services Commission under BDS Markets Ltd, as confirmed on the FSC register:

The broker also offers accounts under the regulation of the Cyprus Securities and Exchange Commission, as confirmed on the CySEC register below:

In both the jurisdictions the broker offers negative balance protection, as shown below:

Tradable Products

“BDSwiss offers users the ability to trade on 250+ financial CFD instruments covering Forex, Commodities, Cryptocurrencies, Indices and Equities.”

BDSwiss offers users the ability to trade on a wide range of financial instruments covering 250+ CFDs on Forex, Commodities, Cryptocurrencies, Indices and Equities.

Below is a list of just some of the available markets for trading:

Forex	Indices	Equities
EURUSD	GER30	AMZN
GBPUSD	US30	AAPL
AUDUSD	NAS 100	GOOGL
NZDUSD	Commodities	Cryptocurrencies
USDCAD	Gold	BTC/USD
EURJPY	Silver	ETH/USD
CHFJPY	US Oil	XRP/USD

* Details regarding the available assets are taken from the BDSwiss website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened and are covered further down this review.

Account Opening

“BDSwiss offers three main types of trading accounts called Classic, VIP and Raw. The broker also offers demo trading accounts.”

BDSwiss offers three main types of trading accounts which includes:

Each account comes with different features and benefits with priority services and the most amount of premium features on the VIP and Raw account – these are also the accounts which require higher deposits. For example, Classic account users receive limited access to trading alerts while the VIP and Raw account offer full access. A breakdown of features can be found on the broker’s website, as shown below:

Leverage is offered up to 1:500 depending on the jurisdiction of account opening, with restrictions related to ESMA rulings on accounts opened under the Cyprus Securities and Exchange Commission regulation.

Accounts can be opened at the click of the button or using the Sign-Up button on the broker’s website. This then opens up a registration page as shown below:

Users simply need to put in their name, email, telephone and password information and then select the regulator they would like to open an account with. Some of the differences between the FSC and CySEC regulations are shown below:

Once the user accepts the terms and conditions they are then asked to verify their phone number with a 4-digit text code. Clients also need to go through an account verification process which includes proof of identity, proof of address, a questionnaire and other information, as shown below:

Once opened, users can access the BDSwiss client portal area, as shown below:

The broker does not accept clients from Cyprus, Democratic Republic of Congo, Eritrea, Libyan Arab Jamahiriya, North Korea, Somalia, Sudan, United States, Canada, Russia, Japan, Belgium, Mauritius, Seychelles, Malaysia, India.

Deposit & Withdrawals options

“BDSwiss offers users the ability to deposit and withdraw funds using a variety of methods including credit or debit card, bank wire transfer, Skrill, Neteller, Crypto and others.”

BDSwiss offers users the ability to deposit and withdraw funds, using a variety of methods such as credit and debit cards, bank wire transfers, Skrill and Neteller, as shown below in the Payments section of the BDSwiss client portal area:

BDSwiss offers zero fees on deposits and withdrawals processed via credit card. However, withdrawals below 20 EUR will be charged a fixed fee of 10 EUR. Withdrawal via bank wire under 100 EUR will also be charged a fixed fee of 10 EUR.

There are also inactivity fees for inactive and dormant accounts. Details can be found in the broker’s Terms and Conditions page.

Web & Desktop Trading Platforms

“BDSwiss offers users the ability to trade on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows and Mac. The broker also offers its own feature-rich BDSwiss WebTrader platform.”

BDSwiss MetaTrader 4

The BDSwiss MetaTrader 4 trading platform for Windows and Mac offers a variety of features including:

BDSwiss MetaTrader 5

The BDSwiss MetaTrader 5 trading platform for Windows and Mac offers a variety of features including:

BDSwiss Web Trader

The BDSwiss Web Trader platform is the broker’s own, inhouse trading platform that is feature-rich and includes:

This browser-based platform synchronises with the downloadable versions of the MT4 trading platform. A screenshot of it is shown below:

The platform is covered in more detail in the video review.

Mobile Trading Platforms

“BDSwiss offers users the ability to trade on the globally recognised MetaTrader 4 and MetaTrader mobile trading apps, as well as on the BDSwiss Mobile App for Android and iOS users.”

BDSwiss offers users the ability to trade on the globally recognised MetaTrader 4 and MetaTrader 4 mobile trading app for Android and iOS users. With these apps users can:

Trade directly from their phone
View real-time prices of multiple asset classes
Access technical trading indicators
Receive news

The broker also offers users its own BDSwiss Mobile App for Android and iOS users, as shown below:

This allows users to access real-time quotes, interactive charts and 24/7 cryptocurrency trading, as shown below:

Trading Features

“BDSwiss offers free access to Autochartist, an automated analysis tool that provides alerts and trading opportunities on a wide variety of asset classes.”

BDSwiss offers users free access to AutoChartist which provides alerts and trading opportunities on the 250+ market available to trade with via the broker.

Some of the benefits are shown below:

Commissions & Spreads

“Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based.”

Trading costs with BDSwiss vary depending on the market being traded and the account type opened, as shown below:

Unfortunately, the broker does not provide a list with all the assets available to trade with and the typical spread. However, some of the trading fees and commissions are outlined below:

BDSwiss Classic Account

In this account, Forex, Commodities and Cryptos can be traded commission-free with just spreads and swaps payable. Indices have a $2 commission per round lot traded, with equities charged at 0.15% on all shares.

The average spread on EURUSD for this account is 1.5 pips.

BDSwiss VIP Account

In this account, Forex, Commodities, Cryptos and Indices can be traded commission-free with just spreads and swaps payable. Equities are charged at 0.15% on all shares.

The average spread on EURUSD for this account is 1.1 pips.

BDSwiss Raw Account

In this account, a commission of $5 per round lot is payable on Forex, Commodities and Cryptos. A commission of $2 is payable per round lot on Indices and a commission of 0.15% is charged on all shares, on top of spreads and swaps for all instruments.

The average spread on EURUSD for this account is 0.3 pips.

The overnight funding rate (swaps) can be found on the broker’s fees and charges page. However, this was down at the time of this review.

Bonus & Promotions

“Currently, there are no advertised bonus or promotions on BDSwiss’s Group sites.’’

Currently, there are no advertised bonus or promotions on BDSwiss’s Group sites.

Customer Support

“BDSwiss offers multilingual customer support 24/5 via Live Chat, Telephone, Email, Call Back, WhatsApp, Telegram and an FAQ section.”

BDSwiss offers multilingual customer support 24/5 via Live Chat, Telephone, Email, Call Back, WhatsApp, Telegram and an FAQ section.

To start the Live Chat functionality users are asked to insert their personal details and to specify the topic to which their query is related. Upon submitting the relevant information, we are immediately greeted by a service representative. Any questions were answered within seconds in an adequate and helpful manner as shown in the screenshots below:

Contact Information:

Address:
- BDS Markets Ltd – 6th Floor, Tower 1, Nexteracom Building 72201 Ebene – Mauritius
- BDSwiss Holding Plc – Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus
Email: support@BDSwiss.com
Social Media:

Research

“BDSwiss offers trader research and analysis from the BDSwiss Blog which covers Market Preview, Weekly Preview, Technical Analysis, Articles, Webinars and a Trading Alerts section.’’

BDSwiss offers a range of trader research and analysis from the BDSwiss Blog, as shown below:

News articles are detailed and well researched, as shown below:

The broker provides a variety of technical analysis articles which are updated frequently:

The broker also offers a range of live webinars, as shown below, covering different trading topics and in different languages:

Users can also access real-time trading alerts via Telegram:

Trader Education

“BDSwiss provides a wide range of trader education resources in their BDSwiss Trading Academy. This includes Beginner, Intermediate and Advanced Video Courses, as well as additional educational material such as a Forex Glossary, Forex Basic Lessons, Webinars, 1-2-1 VIP sessions and Seminars.’’

BDSwiss provides a wide range of trader education resources in their BDSwiss Trading Academy. This includes Beginner, Intermediate and Advanced Video Courses, as well as additional educational material such as a Forex Glossary, Forex Basic Lessons, Webinars, 1-2-1 VIP sessions and Seminars.

The video courses cover a wide variety of topics in each category:

The video courses link to YouTube videos, as shown below:

The broker also offers live educational seminars:

As well as live educational series webinars, as shown below:

Trading Experience

“BDSwiss provides a simple and transparent trading offering for both beginner and advanced traders. Users can choose from commission-free and commission-based trading accounts to trade on raw spreads from the globally recognised MetaTrader platforms or the broker’s own Web Trader platform.”

From our observations, BDSwiss provides a simple, transparent trading offering suitable for both beginner and advanced traders. Users can choose from a variety of accounts to trade commission-free or commission-based on a wide variety of markets with access to raw spreads.

Traders can trade from the globally recognised MetaTrader 4 and MetaTrader 5 trading platform, as well as on the broker’s own BDSwiss Web Trader and BDSwiss Mobile App. BDSwiss also provides users access to AutoChartist for all trading account types, as well as additional premium features for VIP and Raw account holders.

FAQ

Is BDSwiss regulated?

Yes, by the Mauritius Financial Services Commission (FSC) and the Cyprus Securities and Exchange Commission (CySEC).

Where is BDSwiss based?

BDSwiss Group operates under different entities including:

BDSwiss Holding Plc which is based at Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus.
BDS Markets Ltd which is based at 6th Floor, Tower 1, Nexteracom Building 72201 Ebene – Mauritius.

How does BDSwiss make money?

BDSwiss makes money mainly through spreads, swaps and commissions on certain tradable asset classes and accounts.

How do I deposit in BDSwiss account?

Funds can be deposited into a trading account via credit and debit cards, bank wire transfers, Skrill, Neteller and more.

What is the min. deposit for BDSwiss?

The minimum deposit is 100 USD/EUR/GBP.

How do I withdraw money from BDSwiss?

Withdrawals can be made from BDSwiss via credit and debit cards, bank wire transfers, Skrill, Neteller and more.

What is the max leverage in BDSwiss?

The maximum leverage offered by BDSwiss is 1:500 for accounts under FSC regulation, and 1:30 for retail clients under CySEC regulation.

How do I open an account with BDSwiss?

An account can be opened at the click of a button on the BDSwiss website and can be done in just a few steps.

Does BDSwiss use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“BDSwiss is a Forex and CFD broker offering to trade on 250+ instruments covering Forex, Commodities, Cryptocurrencies, Indices and Equities, from 3 account types on the MetaTrader 4 and MetaTrader 5 platform.”

BDSwiss was founded in 2012 and offers trading accounts regulated under the Mauritius Financial Services Commission and the Cyprus Securities and Exchange Commission.

Users can trade on more than 250+ financial CFD instruments covering Forex, Commodities, Cryptocurrencies, Commodities, Indices and Equities, from 3 account types called Classic, VIP and Raw on the MetaTrader 4 and MetaTrader 5 trading platforms and the brokers own BDSwiss Web Trader and BDSwiss Mobile App.