Is BDSwiss A Safe Broker?

BDSwiss minimum deposit is 100$ for Classic account, which is an attractive opportunity to many traders for a Classic account. Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits as well. Full BDSwiss pricing including funding fees and Administration fee for non-use account, see the table below on our finds.

The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well. However, we would advise to double-check security layers too if it is suitable for you personally. A BDSwiss First Deposit Bonus is made available on the BDSwiss Premium Account. A minimum deposit of $100USD must be made for the 30% Deposit to be received. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

There is no withdrawal fees when you request a withdrawal higher than these limits. Premium Account is only available on MT4 & you can trade CFDs on Currencies & Commodities with this account type at moderate spreads. The customer support services at BDSwiss are decent, as their live chat agents were supportive and resourceful during our research. The lack of local phone support in SA or any other official social media platform support limits its ratings in the customer support segment.

BDSwiss Affiliate Program

Latest market events covering currencies, equity, and commodity markets as well as global economic events. BDSwiss maintains the security of funds along with client protection in multiple ways that ensure a safe trading environment and investors’ legal compliance. Are you a non-English speaker and look for more https://forexhero.info/ resources on BDSwiss in your language? As mentioned above, BDSwiss holds licenses with various regulatory bodies, but the primary regulator appears to be the Cyprus Securities and Exchange Commission (CySEC). The name BDSwiss was intended as an homage to the country Switzerland as one of the founding members.

In our tests for the Trust category, we also cover factors related to stability and transparency. Here, we focused on the broker’s duration in the market, the company’s size, and the accessibility of information for transparency purposes. BDSwiss received a low score in our Trust and Stability category as the broker is regulated by Tier-3 regulators, which offer lower levels of protection in comparison with the Tier-1 regulators. This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland.

BDSwiss crypto offering includes a total of 20 crypto assets for trading. 11 of these cryptos can be traded against the USD as CFDs and you can also trade Bitcoin and Ethereum against the US Dollar, Euro, and Japanese Yen, again as CFDs. You may also be able to deposit through online banking in your area. In regards to the timing, the vast majority of deposit methods complete instantly. Here is everything you need to know when it comes to making a deposit with the broker from the minimum deposit needed, to all the methods that are accepted. BDSwiss is available in more than 180 countries and offers their services to more than 1.5 millions customers.

Review

Traders have access to Daily Market Analysis, Technical Analysis, Daily Videos, Weekly Outlook, Market Insights, and Special Reports. Technical Analysis and video sections that lead to the company’s YouTube bdswiss forex broker review channel are updated regularly. However, the other pages have had no new content for a few last months. In addition, BDSwiss offers a StockPlus Account, which provides access to 900+ stocks and 80+ ETFs.

For the demo account, you need to register and contact your account manager in order to have demo funds added to your accounts. Customers of different languages can also work easily on the website finding their languages by search. Customer support is a service that a trader requires daily, available on a very sustainable and professional level here, and has been successful in answering customers’ complaints. Even though you can Live Chat, Phone, email address, and help center within working hours 24/5 at BDSwiss trading platform one still remains happy with its customer support team and its quality level.

Trading with a Regulated Broker

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Besides, Traders will definitely enjoy numerous add-ons as we did, that are available on the market to make trading process a pleasant one. Moreover, there are plenty of strategies to choose from since broker does not impose strict restrictions, so news trading or other strategies are available. BDSwiss works with a variety of payment service providers that covers a wide range of deposit methods in a particular country. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

BDSwiss 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 award-winning conditions, world-leading platforms, competitive pricing and optimal execution on more than 250 underlying CFD instruments. BDSwiss offers forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies. The number of available forex pairs and commodities is medium while there are lots of available cryptocurrencies. CFDs (Contracts for Differences) are financial instruments that allow traders to bet on securities without owning the underlying securities.

Institutional Services

This minimum deposit is $100 for the DBSwiss Classic Account, rising to $3000 for the DBSwiss VIP Account, and finally $5000 for the DBSwiss RAW Account. This can be great as it saves you paying a conversion charge if your deposit or withdrawal method do not match a base currency. A point to note on the broker US regulation is that even though they are regulated and have permission to operate there, they do not currently offer services in the US, though this may change in the future.

He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. The broker, through the trading platforms they provide, are able to facilitate a number of features to assist you with your risk management. This includes setting stop losses, trailing stops, and take profits to manage your active positions, while you can also set limit orders to control your entry position on new orders. With executions, BDSwiss is an ECN/STP broker offering trading in CFDs.

Choosing a Regulated Broker
Trading with a regulated broker should be one of the main prerequisites for any individual trader looking to trade forex and CFDs. The fact that a broker is regulated implies that they respect industry standards. A regulated broker not only follows Forex regulation that is aligned with the clients’ best interests, but also offers safety, reliability, and security. The biggest advantage of trading with a regulated forex/CFD broker is that a financial authority will step in if there are any problems. A broker that is regulated by a financial authority also offers segregated funds, meaning that your funds are not being used for any purposes other than trading.

We liked their responsive customer support services & the variations in types of trading accounts. Also, they don’t charge any extra commission for deposits or withdrawals. It offers floating spreads from 0 pips with the Raw account and from 1.1 pips or 1.5 pips on other accounts. While BDswiss has a high minimum deposit on some advanced account types, there are many with lower deposits and great features. Commissions & Spreads Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based.

What regulation means for traders
With Forex brokers supervised by a regulatory authority investors can be more confident about the credibility of the broker. For a retail trader, the biggest risk of trading with a non-regulated broker is that of illegal activity or schemes. Fraudulent activities include excessive commissions; very lose spreads, hidden Terms and Conditions and even restrictions on withdrawals.

They have a whole range of video content which they have brought into the BDSwiss trading academy structure and broken into three distinct levels, beginner, intermediate, and advanced. This means no matter what your skill level, this forex broker has something on offer to help you develop. Overall, their trading platforms are good & supported across all devices. But if you are a high volume trader, then the trading fees is low if you trade with Raw Account as the spread + commission is quite low.

You can also get a callback option or visit the FAQ section to find the most common questions or answers. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. The broker has been around since 2006 and has built up a solid reputation for being one of the best brokers in the industry. They were awarded Best Forex Broker at the Global Banking & Finance Awards in 2016 and 2017. BDSwiss is regulated by CySEC, the Cyprus securities and exchange commission.

• So BDSwiss might be a good match to various size traders, yet would be good to check all trading conditions and regulations and define if it is suitable for you, since for now BDSwiss operates only via International entities.
• There is no risk on a demo account as all funds are virtual, and no obligation to deposit after using the account.
• The key difference between brokers most people don’t seem to understand is based on their ROI.
• It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.
• Corporate actions such as dividends and mergers will impact equity and index CFDs.

These types of brokers often collect prices from multiple liquidity providers to offer the best spreads to you as a trader. As with deposits, withdrawals are typically fee free and the broker generally helps cover any fees. If you do withdraw less than $20 with a credit/debit card though, a $10 broker fee will apply. The minimum withdrawal through wire transfer to avoid this fee is $100. As you would expect from a top broker with so many customers, BDSwiss offers the opportunity to test out their services via a demo account.

• Notable, traders can contact the broker’s team in German, English, Italian, Spanish, French, Greek, and Portuguese.
• Both MT4 and MT5 trading platforms are broadly available and accessible to all BDSwiss clients.
• Commissions & Spreads Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based.
• All deposits are processed instantly aside from bank transfer, which can take up between four and seven business days to arrive.
• In case the need does arise, this broker has made accessibility a high priority.

For traders who opened VIP and Raw accounts, BDSwiss’ analysts provide real-time trading alerts via Telegram. Those traders also have access to the Trends Analysis tool, which is exclusively built into the broker’s WebTrader platform. The tool was developed in partnership with AutoChartist exclusively for BDSwiss traders.

A commission of 0.15% is charged for each round trade of CFDs on all the available stocks with any of the account types. They are a reputed CFD broker that allows trading on a wide range of CFD trading instruments including 51 currency pairs & 200+ other CFDs on shares, commodities and indices. 1000+ Instruments including stocks and ETFs are offered on their platform.

That being said, please note that a 10 EUR fee will apply to any bank wire withdrawals under 100 EUR and any other withdrawals amounting to 20 EUR or less. For bank transfers via wire transfer international payments from a bank account, the minimum withdrawal amount is 50 EUR after the deduction of the 10 EUR basic fee. For SEPA transfers there is a minimum withdrawal amount of 5 EUR after the deduction of the 10 EUR basic fee. BDSwiss brokers have their own mobile app as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, you may perform analysis even on the go, check on the open positions, manage them and access your account management with a trading app.