BDSwiss Review 2024: Is BDSwiss A Trusted Broker?

BDSwiss Overviews

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BDSwiss is an online trading platform that provides access to many financial markets, including forex, commodities, stocks, and indices. The company is headquartered in Switzerland and has several offices across Europe and was founded in 2012. There are many features and services that this broker offers and this review covers everything traders will need to know about them.

Facts About BDSwiss

Pros and Cons

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Is BDSwiss Safe? Broker Regulations

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You will find this broker’s regulatory information by heading to the BDSwiss website and scrolling down to the footer. BDSwiss has information saying that the FSA regulates them, and they even give their license number along with the company’s address registered in Seychelles in the footer section.

• Domain usage rights belong to BDS Ltd. BDS Ltd (Registration No. 8424660-1) and are authorized and regulated by the Financial Services Authority (the “FSA,” license no. SD047).
• Registered address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.

 

 

Having awards is another way to determine if a broker is “safe,” BDSwiss has a banner dedicated to their awards on their home page and a dedicated page.

It should be noted that this is the only information that is given about the regulations concerning this broker. However, this is not a bad thing. Many top-tier brokers only specify their regulatory authority in their website footer, which is sometimes enough. This is especially true as the license number and broker’s physical address is given as well. Not even searching through the help and support center (FAQs) brings up additional information on this broker’s regulations.

 

 

Heading to their awards page, you will notice that this broker has received awards for various services and features dating back to 2018.

Lastly, it is always a good idea to check out real customer reviews from a broker, and you can do this by searching for them on Trustpilot, which is a recommended customer review site. In the case of this broker, there are almost 2,000 reviews giving them 4.8 out of 5 stars.

What Can I Trade with BDSwiss?

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BDSwiss has an assets list that contains more than 250 instruments on forex, shares, commodities, indices, and crypto. You can see this on their home page and by the “trading” dropdown menu.

 

 

Forex

Heading to the forex page for this broker, you will find basic conditions based on the account types that they offer (which we will discuss later). This broker offers a wide range of currency pairs, including major, minor, and exotics, which is common with CFD brokers. Here are some conditions regarding forex for this broker that they list;

• Averages Spreads are based on previous trading day values
• Zero Margin requirements for opening a hedged position provided the free margin is positive (Margin Level > 100%)
• Swaps are charged Triple on Wednesdays
• The company reserves the right to amend the swap values of a specific client in case of any suspicion of trading abuse
• Swap charges may change at any given time

 

Commodities

In terms of commodities, this broker offers gold, oil, and silver to trade across all account types, and these are the conditions;

• Averages Spreads are based on previous trading day values
• Zero Margin requirements for opening a hedged position provided the free margin is positive (Margin Level > 100%)
• Swaps are charged Triple on Wednesdays
• The company reserves the right to amend the swap values of a specific client in case of any suspicion of trading abuse
• Swap charges may change at any given time

 

 

Shares

BDSwiss has shares from companies that cover the US, UK, France, Germany, Netherlands, Spain, and Switzerland. This means you can expect to find the most popular companies to trade from these regions. Once again, trading conditions are given for each instrument along with other conditions;

• Averages Spreads are based on previous trading day values
• Zero Margin requirements for opening a hedged position provided the free margin is positive (Margin Level > 100%)
• Swaps are charged Triple on Wednesdays
• The company reserves the right to amend the swap values of a specific client in case of any suspicion of trading abuse
• Swap charges may change at any given time

 

 

Indices

Only the Classic and Vip account types are able to trade indices with this broker, and there are 11 to choose from, which make up a majority of the most important or, rather, most popular indices. The trading conditions for Indices are the same as the other assets from this broker;

• Averages Spreads are based on previous trading day values
• Zero Margin requirements for opening a hedged position provided the free margin is positive (Margin Level > 100%)
• Swaps are charged Triple on Wednesdays
• The company reserves the right to amend the swap values of a specific client in case of any suspicion of trading abuse
• Swap charges may change at any given time

Crypto

Lastly, BDSwiss offers 26 cryptocurrencies to trade as CFDs, and the trading conditions mimic the previous assets in terms of swap and margin requirements. Here you will find that this broker, again, includes all the most popular coins.

It should be noted that the conditions for each instrument across the varying assets list are different from one another in terms of average spreads, point value per lot, and units per lot. So, we suggest visiting these pages if you are curious about specific instruments.

How to Trade with BDSwiss?

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There are four ways to trade with BDSwiss: through MT4, MT5, their mobile app, and their proprietary web terminal. We have gone through MetaTrader many times throughout our reviews and other informational articles, so we will not be covering these again. Suffice it to say that MetaTrader is considered the industry standard when it comes to trading software.

This broker has a page dedicated to comparing MT4 and MT5, and we suggest you look that over if you still don’t know what the differences are. It should also be noted that this broker has options for MetaTrader on all platforms, including Windows, Mac, and Android.

 

 

This broker then has a mobile app that has received a few awards and which can be found on the Apple or Play store via links from the dedicated page. The app is pretty much like other mobile trading apps that let you trade anywhere, anytime, and has features such as;

• Real-time Quotes
• Interactive Charts
• Clean, User-Friendly Interface
• Full Trading and Transactions History
• Deposit and Withdraw Functionalities
• Account set and KYC Verification
• 24/7 Cryptocurrency Pairs Trading

 

 

Lastly is their proprietary web terminal. This software is developed in-house and specifically geared toward beginner traders, as it mimics their mobile app to a degree. If you are looking for more versatility, functions, and features then you will be better off sticking to MetaTrader. The web terminal’s features include the following;

• Intuitive Order Window
• Available in 20+ Languages
• Clean and User-Friendly Interface
• Exclusive Trends Analysis Tool
• Fully synced with the BDSwiss App and MT4
• Cutting-edge Charting, Indicators, and Analysis
• No download – Cross Browser Compatibility
• Ultra-fast Order Execution, no Requotes

 

 

How Can I Open BDSwiss Account? A Simple Tutorial

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To register with this broker, you will first need to head to their “global” site which is on a subdomain of “bdswiss.com.”. Once you are on the site, you must click the “sign up” button in the header on the right side next to the “log in” button.

 

 

You will then be redirected to the registration page, where this broker states that the sign-up process will take less than 1 minute. On this page, you will need to fill in some personal information such as name, last name, country of residence, phone number, date of birth, Email, and password. You will also need to select what platform you will be using (MT4 or MT5).

 

 

After you have filled in your details and accepted the terms of service, your registration will be done, and clicking on the “accept” button will then take you to your client area (dashboard).

 

 

It will help to remember that although your registration is complete, you will need to go through the verification process if you intend to deposit and withdraw funds when using your live account. You can head to the verification page by clicking on the link located under your account name in the top left.

 

 

BDSwiss Charts and Analysis

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Two dropdown menus on the BDSwiss site relate to trading resources and education, and both are quite comprehensive. One deals with research, and the other deals with education.

There are some sections dedicated to “ordinary” features that most brokers have (trading calculator, economic calendars, etc.) and others that are MetaTrader-related (Autochartists, etc.). Thus, we will not be covering these as we consider them to be standardized.

In terms of research and analysis, you can find;

• Daily market analysis
• Technical analysis
• Daily videos
• Weekly Outlook
• Market Insights
• Special reports

Then on the educational side of things, the sections covered are;

• eBooks
• Live Education
• Forex basics
• Educational videos

 

 

First is the Daily Market Analysis, a daily updated blog covering the global economy. As it states, this “blog” is updated daily with articles. You can access all the research material through tabs on any of the pages located at the top of the page.

 

 

The technical analysis section is what you would expect. It is another “blog” section containing up-to-date information on assets and positions based on technical analysis. Remember that this is not the educational section, so you will need to understand technical analysis when reading through this section.

 

 

Next up is the daily videos section, which is empty. However, you can find a link to their YouTube channel here which has a wide variety of videos. The Weekly Outlook section is another “blog” section similar to Market Analysis; however, this section is more for speculation rather than what is currently ongoing in the global economy.

 

 

Then you have the Market Insight section, which is similar to the Daily Market Analysis, but this section is based mainly on news that is not specific to the markets. Special Reports is another section that covers the global market outlook. However, it should be noted that these two sections have not been updated since 2021 and early 2022, making them pretty useless.

Regarding education, this broker offers two eBooks available to download if you register with the broker. They cover the psychology of trading and then technical indicators.

 

 

The Live Webinars section will give you information on the upcoming webinars that this broker has detailing what the webinars will be about, who will be holding them, and a link to register.

 

 

They then have the Forex Basics section, which is a dedicated short course on how to trade, which includes chapters on asset classes, fundamental analysis, order types, trading alerts, and more. For the most part, the chapters cover the general concepts of trading, but the course is short and not that in-depth.

Lastly is the Educational Videos section, which comprises of 18 videos talking on subjects that include trading strategy, support, and resistance, interpreting markets, portfolio management, and more. This section is quite nice but not so comprehensive.

 

 

BDSwiss Account Types

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BDSwiss offers four account types: Classic, Premium, VIP, and Raw. Heading to the account types section will give you detailed information on these, including a table of differences. For the most part, all accounts are similar except for a handful of specific conditions.

For example, the Raw account has spreads starting from zero, while the other accounts will have a minimum spread of 1.1 pips. However, the Raw account is commission based. Then the Premium account is only able to trade up to 70 assets, and the minimum deposit is 100 USD. The Classic account has a minimum deposit of 10 USD, spreads starting at 1.5 pips, and then all assets are tradable. Also, there is a 2 USD chard on index positions along with a 0.15% commission on all shares. This includes all the other accounts as well, except for the Premium account.

It should be noted that the spread for the account types varies depending on the asset, and the ones we include were based on the EUR/USD. You can check the variable spreads for the accounts by selecting the average spread link in the table sheet that outlines the account type.

The margin call for all accounts is 50%, while the stop-out level is set to 20%. Then leverage for all account types is 500:1 except the Premium account, which goes up to 1000:1. Other than that, all the accounts are identical, with the VIP account having access to VIP webinars.

 

 

Do I Have Negative Balance Protection with This Broker?

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This broker does indeed offer negative balance protection, and you can find this information by visiting the FAQ page.

The question asks, “can I lose more money than I deposited.”. The answer is No; as a BDSwiss client, your account balance can’t fall below zero. Negative balance protection applies.”.

For those of you who don’t know, negative balance protection is a policy that a broker enforces to ensure that clients don’t go into a negative balance from a bad trade. This is great, and many top-tier brokers enforce this policy and consider it to be standard practice nowadays. You should watch out for brokers that do not offer this as a service or feature on trading account types.

 

 

BDSwiss Deposits and Withdrawals

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This broker offers the most standard methods for funding your account, including bank cards, e-wallets, and bank transfers. Although the range of methods is limited, this broker is known for instant deposits and withdrawals, for which they have won an award. View the image below for a more detailed overview of their funding methods

 

 

The methods for withdrawing funds from your account are even more limited, and the processing times can sometimes take up to 24 hours. However, as we stated, this is not usually the case with this broker.

 

 

It will help to remember that there is a different deposit minimum depending on which trading account type you wish to open, and you will find that in the above section under “account types.”.

Support Service for Customer

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You can get in touch with support for this broker and start by heading to the “contact” page in multiple ways. Here you will find a contact form where you can send a message and expect a response via Email.

 

 

On this page, you will also find support channel information on telephonic support, and this broker has telephonic support for a number of languages, from German to Portuguese. Take note that these support lines are located in different regions around the globe.

 

 

Then they also have their support Email address which is listed on this page;

• support@global.bdswiss.com

If these support channels are not for you, they still have a live chat feature directly accessible from their website. It should be noted that the multilingual customer support team is available 24/5.

They also have a FAQ section but one that is not so detailed; however, we included it in our support services as this broker does not have many other forms of support like social apps and this section is also listed under support.

Prohibited Countries: Where Can I Not Trade with this Broker?

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We could not find information on countries in which this broker is not allowed to operate. Some brokers have dedicated pages to this information outlining where they are and are not allowed to operate. Remember that depending on various regions, licenses, and laws, brokers are not allowed to just do business.

For example, many international brokers are not allowed to operate in the US due to the restrictions in place by the Securities Exchange Commission (SEC). Also, many countries with high fraud risks and those sanctioned are typically not allowed to open accounts and do business with an international broker.

Support did not give us information either because they just asked what region we were based in, and BDSwiss is allowed to operate here. The only way you can find out if this broker does operate in your region is to try and open an account because in the sign-up process, you will need to select your country of residence. In the list below, we did speculate which countries are typically not allowed to trade with an international broker.

Special Offers for Customers

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There is a dedicated “promotions” page that you can visit on the BDSwiss website, and here you will find three promotional offers for clients. The first is an affiliate program which is a little bit different from other referral programs as this broker states you can earn up to 3,000 USD per successful referral. This seems outrageous as other brokers typically give referral commissions under 100 USD. No other information on the specifics of this program is given, however. You will need to view this program’s terms and conditions if you want to know more.

 

 

Then there are the 30% deposit and the 30% deposit premium bonuses. Both promotions are pretty much the same with the differences being they are for different account types. For the Classic account, you can get a 500 USD bonus, while opening a Premium account can see you get up to 2,500 USD on your first deposit.

BDSwiss Review Conclusion: Reputable Broker with Easy-to-use Platform

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Although this broker is only regulated by one authority we are aware of, which is stated on their website, we still regard this broker as trustworthy and reliable.

PIPPENGUIN

This broker was founded in 2012 and is regulated by the FSA. It also holds numerous awards and has a sterling reputation based on customer reviews from Trustpilot. Although this broker is only regulated by one authority we are aware of, which is stated on their website, we still regard this broker as trustworthy and reliable.

Summary and Key Takeaways

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This broker uses MetaTrader (4 and 5) for its trading software, a mobile trading app, and a proprietary web terminal. There are four account types that are pretty similar, except for the Raw account, which is heavily commission based. The tradable assets included are over 250, and clients can trade forex, stock, commodities, indices, and crypto.

The deposit and withdrawal methods are limited but kept to the most popular, and although some of their trading resources and education are comprehensive and kept up to date, there are some sections that are empty and have not been updated for years.

FAQs

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Is BDSwiss a trusted broker?

BDSwiss is a trusted broker. This is because they are regulated by the FSA of Seychelles and have been in operation since 2012. They also have a good customer review score on Trustpilot from almost 2,000 customers.

What is the minimum deposit for BDSwiss?

The minimum deposit for BDSwiss is 10 USD if you open a Classic account. The minimum deposit for a Premium account is 100 USD, and the minimum deposit for both the Raw and VIP accounts is 500 USD.

Can you withdraw money from BDSwiss?

Yes, you can withdraw money from BDSwiss. You can withdraw funds from your trading account using one of the gateways, such as bank cards, online banking, wire transfer, or e-wallet. Depending on the method used, the processing time can take up to 24 hours.

What is the withdrawal limit for BDSwiss?

There is no withdrawal limit for BDSwiss. However, there are fees to consider when withdrawing funds. For example, a 10 USD fee will apply to bank transfers that are under 100 USD. Also, the minimum withdrawal amount that is allowed with wired bank transfers is 50 USD.