BDSwiss review of licensed forex broker

BDSwiss review of licensed forex broker title=
2.7/5
BDSwiss is a multi-asset CFD broker services clients around the globe (except for US).
Min. deposit
100 $/€/£
Demo account
Yes
Currency
EURGBPPLNSEKUSD
Supported languages
EngRus
Active
Yes
Payment Methods
Credit CardFlutterwaveMastercardSofortWestern Union
Instruments
CFDsCommoditiescryptocurrenciesForexindicesshares
Min. trade price
0.01 Lots
Regulated By
FSAFSC
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
Yes
DMA Account
No
MAM Account
Yes
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
iOS and Android
Margin Trading
No
Volatility Index
No
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
No
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
No
Social Trading
No
Copy Trading
Yes
Trade Signals
No
Islamic Account
Yes
Guaranteed Stop Loss
No
Stock Exchanges
EuronextSIX Swiss Exchange
Commodities
GoldNatural GasSilver
Forex Trading
Yes
Forex GBPUSD Spread
1.7 pips
Forex EURUSD Spread
1.2 pips
Forex EURGBP Spread
1.3 pips
Forex Assets
50+
Crypto Spread
BTC from 1%
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BCH, BTC, DASH, EOS, ETH, IOTA, MON, NEO, OMG, XMR, XRM, ZCASH, ZEC
Ladder Options
No
Boundary Options
No
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* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 2.7,
according to 16 reviews

4.5 Stars
Yohana F
Yohana F
stars
us
Genuine broker but need to decrease the spreads for smaller account. Other brokers are giving tight spreads.

View all

Infinity EA
Infinity EA
stars
id
Great brokerage, Very strike for Policy, Regulated brokerage. If any people said difficult withdrawal is maybe newbie or those people usually using not regulated brokerage.

View all

Kerzar
Kerzar
stars
my
Amazing support I did not expect that they called because I was losing money Amazing assist by Andres Kounnis

View all

Dan Baronetti
Dan Baronetti
stars
ie
Great broker, never had any issues. Great customer service

View all

Content

BDSwiss is a multi-asset CFD broker services clients around the globe (except for US). Traders trust BDSwiss since it is regulated in multiple jurisdictions and has been in operation since 2012. You can choose from multiple accounts aimed at both new and experienced traders, with the ability to trade forex, crypto, stocks, commodities, and indices.

The minimum deposit starts at $100 (€100 or £100). If you are considering BDSwiss as your broker, keep reading to find out the pros and cons, whether they are safe to trade with, trading fees, deposit and withdrawal methods, and more.

ProsCons
Regulated in Mauritius and SeychellesVery high inactivity fee (10% per month of balance after 90 days of inactivity).
Various account choices including “no commission” and “commission” accountsCustomer support isn’t offered on weekends.
Minimum deposit of $100Mediocre forex trading conditions (spreads/commissions)
More than 250 trading instruments in forex, commodities, stocks, indices, crypto, and stocks.
Up to 500:1 Leverage
No fees on deposits or withdrawals
Free demo account and deposit bonuses.

Is BDSwiss Safe to Deposit and Trade With?

Is BDSwiss Safe to Deposit and Trade With?

BDSwiss is regulated in multiple jurisdictions, indicating it is a safe broker to trade with.

BDSwiss is regulated in Seychelles by the Financial Services Authority (FCA) and by the Financial Services Commission of Mauritius (FSC).

Financial Services Commission of Mauritius

BDSwiss has been in operation since 2012 and advertises that it hosts more than 1.5 million user accounts from 186 countries. It has more than 10 global offices and totals more than $84 billion in monthly trading volume.

A strike against BDSwiss is that they don’t offer segregated accounts. This is when a client’s funds are held in trust, in a separate account, away from the broker. Having a segregated account is an added layer of protection that BDSwiss doesn’t offer. Despite this, BDSwiss has a 4.7 out of 5 rating on Trustpilot with over 2,000 reviews.

Further reading

What are BDSwiss’s Trading Fees?

What are BDSwiss’s Trading Fees?

BDSwiss trading fees vary based on the type of account you have. Some of their trading fees are quite competitive, while others are more expensive than other brokers.

The following table highlights the minimum spread you are likely to see when trading various instruments with the different account types. Some accounts also have a commission charge for certain assets.

ClassicVIPRaw
EUR/USD1.6 pips1.2 pips0.3 pips + $5/lot commission
GBP/USD1.9 pips1.7 pips0.6 pips + $5/lot commission
USD/JPY1.8 pips1.6 pips0.5 pips+ $5/lot commission
Nas1000.8 pips+ $2 commission per lot0.8 pips0.4 pips + $2 commission per lot
Bitcoin$21.52$21.52$21.52
Gold$0.21$0.14 + $2 commission per lot$0.11 + $2 commission per lot
Amazon (AMZN) Shares$0.02 spread + 0.15% commission$0.02 spread + 0.15% commission$0.02 spread + 0.15% commission

The main fees to be aware of are:

  • $5/lot commission on forex pairs in the Raw account
  • $2 commission per lot on indices trades in the Classic and Raw accounts.
  • 0.15% commission on the cost of a trade on all share transactions.

The shares commission is highly competitive – better than many other share CFD brokers. But the commissions and spreads on forex are rather high compared to many other forex brokers.

BDSwiss also imposes a very hefty inactivity fee of 10% of the account balance each month after 90 days of inactivity. The minimum inactivity fee is €25 and the maximum is €49.90 each month until the balance in the account is zero.

There is an overnight holding costs on indices and shares, regardless of whether you are long or short. There is also an overnight holding cost on most commodities and forex pairs, although some may actually pay you for holding a specific position.

Overnight holding costs vary based on interest rates. To see the current overnight holding costs (or payments) see the Trading Products page and click on the asset class you are interested in.

Further reading

BDSwiss Product Offerings

BDSwiss Product Offerings

BDSwiss offers more than 250 products you can trade in various asset classes.

BDSwiss Product Offerings
Trade 51 forex pairs, including all the majors like the EUR/USD, GBP/USD, and USD/JPY. As for commodities, you’re able to trade oil, gold, silver, and platinum. There are 69 popular stocks available from the US market, 29 shares from the UK, 4 stocks from France, 14 German stocks, 3 stocks from the Netherlands, 4 from Spain, and 5 shares from Switzerland.

For indices, you’ll have access to 11 major global indices, including the Nasdaq 100, SPX500, German 30, and Australian 200, among others. BDSwiss has a wide array of cryptocurrencies available to trade. You can choose from 26 cryptocurrencies including Bitcoin, Dash, Doge, Ethereum, Dot, Litecoin, and many more.

Further reading

BDSwiss Promotions and Bonuses

BDSwiss Promotions and Bonuses

BDSwiss generally offers deposit bonus promotions, but such promotions may differ by location.

BDSwiss currently offers a 30% deposit bonus capped at $500. The credit can only be claimed on the first deposit made into the account.

deposit made

Further reading

BDSwiss Deposit and Withdrawal Methods

BDSwiss Deposit and Withdrawal Methods

BDSwiss offers a number of deposit and withdrawal methods.

BDSwiss Deposit and Withdrawal Methods

The deposit and withdrawal methods vary by location. In nearly all locations, you can deposit and withdraw via:

  • Credit/debit card
  • Bank wire
  • Skrill
  • Neteller

You may have additional methods in your local area, including local bank transfers and SEPA payments.  BDSwiss does not charge for deposits. There is a €10 fee for bank wire withdrawals less than €100. For all other withdrawal methods, there is only a €10 fee if the withdrawal is less than €20 (or other currency equivalent).

In terms of how long it takes for deposits and withdrawals to be credited to your account, international bank transfers take 2-5 days, SEPA and local transfers usually occur within one day, and all other methods should appear in your account within 10 minutes.

Further reading

BDSwiss Account Types

BDSwiss Account Types

BDSwiss offers three account types. All are available via a demo account as well. They have different trading conditions, so pick the one that suits your trading style.

The three account types are:

  • Classic: $€£100 minimum deposit
  • VIP: $€£500 minimum deposit
  • Raw: $€£500 minimum deposit

You can open an account in USD, GBP, or EUR. Here is a breakdown of how the various accounts compare.

various accounts compare

The main difference between accounts is the commissions and the spreads. Classic accounts have a larger spread, and pay a commission on shares and indices.

VIP accounts have smaller spreads than Classic, and only pay a commission on shares. Raw accounts have the lowest spreads and pay a commission on forex, indices, and shares.

Further reading

BDSwiss Trading Platforms and Apps

BDSwiss Trading Platforms and Apps

BDSwiss offers trading platforms for desktop and mobile devices. Traders may trade on the web through the BDSwiss website or by downloading a platform.

The main platforms BDSwiss offers are MetaTrader 4 and MetaTrader 5. These are both available via an app as well as a desktop version. These two programs are among the most commonly offered in the world by brokers. Here are a few key differences between the platforms so you can decide which is right for you:

algorithmic trader

If you are more of an algorithmic trader, or like to do automated strategy testing, MT5 has more features and options for you. BDSwiss also offers their own mobile trading app, which offers all the features you need to trade on the go.

mobile trading app

If you prefer not to download anything, but still want the full-screen trading experience, you can login to BDSwiss Webtrader through their website. It has built-in tools such as trading signals, trend analysis, and autochartist.

built-in tools

No matter what your preference, BDswiss offers a lineup of trading platforms that should suit nearly any trader.

Further reading

BDSwiss Support and Education

BDSwiss Support and Education

BDSwiss offers round-the-clock support, as well as educational resources where traders can learn about trading.

Support is only available during the week, not on weekends. You can contact them via:

  • Email: support@global.bdswiss.com
  • Chat – Click the chat button along the side of the screen when viewing the site.
  • Their Contact Us form
  • Phone – they have a variety numbers you can contact depending on your language or location.

As for educational material and analysis, BDSwiss offers much more than most other brokers. They have eBooks which traders can download, as well as a wide selection of educational articles, live webinars, and seminars. At one point, they did offer daily and weekly market analysis, although that appears to have stopped in 2022. They may bring it back in the future.

Further reading
BDSwiss FAQs

BDSwiss FAQs

Can I open a demo account with BDSwiss?

Yes, BDSwiss offers a demo account that allows traders to practice trading with virtual funds before investing real money.

Does BDSwiss offer educational resources for traders?

Yes, BDSwiss offers a variety of educational resources for traders including webinars, trading courses, and market analysis.

Can I trade on BDSwiss from my mobile device?

Yes, BDSwiss offers mobile trading apps for both iOS and Android devices that allow traders to trade on the go.

Does BDSwiss offer leverage?

Yes, BDSwiss offers leverage of up to 1:500 on some instruments, although the level of leverage available may vary depending on the regulatory requirements of the country where the trader is based.

Is BDSwiss suitable for beginner traders?

Yes, BDSwiss offers educational resources and a user-friendly trading platform that can be suitable for beginner traders. However, trading in general carries a risk, so it’s important for traders to understand the risks involved before investing real money.

Can I trade with BDSwiss if I’m located in the United States?

No, BDSwiss does not currently offer services to clients located in the United States due to regulatory restrictions.

Final Thoughts on BDSwiss Broker

BDSwiss is a regulated broker and your funds are likely safe. They have been in operation since 2012. They offer quick deposits and withdrawals, and a $100 minimum deposit when opening an account.

The trading conditions for forex are average, but the spreads and commissions are a little pricey/high compared to some other brokers out there. The shares commissions, however, are quite competitive and better than many other CFD brokers.

BDSwiss offers a wide variety of tradable assets, but one thing to watch out for is the inactivity fee. It is pretty steep if you take a few months off or aren’t trading much. To check out overviews of other broker options, take a look at our list of Forex Broker Reviews.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
Further reading