BDSwiss Review – Must Read review for UK Investors. Trade FX and CFDs

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BDSwiss

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BDSwiss Review

BDSwiss are a fully regulated (CySec) broker. In our review we explore the trading platform, highlight the benefits of the demo account and explain why this brand can be used with confidence.

The review also includes bonus and promo codes when available, and coverage of minimum deposit and withdrawal features, mobile app review, MT4 integration and login information. Read on the find out more.

In light of the ESMA ban on binary options in the EU, BDSwiss have decided to withdraw binaries completely. They continue to offer forex and CFD trading.

Key Information:

Minimum Deposit: £10
Signals: Yes – Free Trading Alerts
Demo Account: Yes.
Regulation: CySec

BDSwiss is a member of the investor compensation fund:

This fund is a private legal entity, which will compensate client’s non-invested capital up to €20,000 in the event of the company’s liquidation.” – BDSwiss.

Trading Platform

A BDSwiss bespoke platform delivers FX/CFD. It also has a free demo account separate to other accounts. For the demo account, you need to register and contact your account manager in order to have demo funds aded. The image below shows the BDSwiss platform and the steps to making a trade;

How To Place A Trade At BDSwiss

  1. Choose your asset or market
  2. Choose a trade size and leverage figure you are comfortable with
  3. Choose the direction of the price (“Buy” if you think prices will rise, “Sell” if you think they will fall.)

Charts

The trading charts on the platform use Line or Candlestick format. You may also choose among the following timestamp timeframes: 1, 5, 15, 30, 60 minutes and 4 hours, Daily, Weekly and Monthly.

A number of indicators that can be directly inserted to your charts are:

  • Moving Averages
  • RSI
  • Bollinger Bands
  • ATR
  • MACD
  • Fibonacci Retracements.

The platform for the Forex trading however is different and is much more advanced. You could compare it to MetaTrader 4 with loads of indicators, technical tools and many more settings.

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Trade Types

BDSwiss offer trading on a range of asset. The trade types can be broken down into:

Trading Software and Features

BDSwiss Payouts

Payouts will vary based on the performance of the underlying asset, and the leverage used (if any).

Asset Index

The list of assets with BDSwiss has been expanded significantly since the move to Forex and CFDs only. There is a full range of major currencies and commodities, plus the popular cryptos. BDSwiss does lag behind some larger rivals when it comes to asset list depth, but it is still growing.

Customer Support

Live chat is available in English, German and Italian. In order to access Live chat, you need an email address and a username. Support is also available via email, and telephone. 16 languages are catered for with telephone support – a great level of coverage.

Free Signals

BDSwiss offer clients free trading alerts. In addition to the trade directions, the signals also state a target entry point, and exit point. This helps traders time the market more accurately, and also show quickly if the signal has already moved. The trading alerts are a free service.

Terms & Conditions

Our usual advice applies – read the terms and conditions thoroughly. We found a couple of items to highlight:

  1. Inactive account fees are applied after 90 days of inactivity. If you remain inactive after 90 days, a 10% fee will be deducted from your account ranging from minimum 25 Euros but NOT more than 49.90 Euros.
  2. Small withdrawals can incur a €10 fee depending on the method used. As these charges are only based on small amounts, using methods that are expensive for the brand to use, making a small charge is fair – but worth knowing about.

Deposit / Withdrawal

BDSwiss recently expanded their list of deposit and withdrawal methods. Their aim was to allow more users to be able to transfer money using the most familiar service to them. The main options of wire transfer, credit and debit cards, and ewallet providers deliver a good choice of payment method.

About BDSwiss

BDSwiss, was established in 2020 and offers Forex, and CFD trading. They are regulated by CySec under the following License number: 199/13. Their registration number is: 300153 and their address: Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus.

BDSwiss Review and Tutorial 2020

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BDSwiss Facts & Figures

BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.

Trade Micro lots (0.01) of 12 cryptocurrencies. Major cryptos traded against USD, GBP and EUR

Instruments CFD, Forex, Crypto, Stocks
Demo Account Yes
Min. Deposit 100 $/€/£
Min. Trade 0.01 Lots
Regulated By CySec, FSC
MT4 Integration No
Mobile Apps iOS and Android
Auto Trading No
Trade Signals No
Islamic Account Yes
CFD
FTSE Spread 1 pt
GBPUSD Spread 1.7 pip
Oil Spread 0.8 pips
Stocks Spread From 1pt
Forex
GBPUSD Spread 1.7 pips
EURUSD Spread 1.2 pips
EURGBP Spread 1.3 pips
Assets 50+
Cryptocurrency
Spread BTC from 1%
Coins BTC, ETH, DASH, EOS, BCH, ZCASH, MON, IOTA, XRM, NEO, OMG, ZEC, XMR

This BDSwiss review provides an overview of the forex and CFD services from BDSwiss to enable you to compare similar brokers. We look at the trading platform, login process and account types, including RAW and black accounts which offer unique trading opportunities and sets BDSwiss apart from rivals.

As the name suggests, BDSwiss is based in Switzerland, and does offer clients opportunities to register with its Swiss site or the European platform.

The first time you access the website you will be notified that you can opt for either of the two sites and advised that BDSwiss is regulated by the Financial Services Commission (FSC). The broker is a global leader in CFDs and forex trading and has around 1mn client trading accounts.

About BDSwiss

BDSwiss was launched in the Zurich area in the year 2020. The business currently has more than €20bn in forex trades each month and is a global provider with over 16,000 affiliate accounts. BDSwiss is licensed by CYSEC in the EU, the National Futures Association in the United States, and the FSC.

Group companies include BDSwiss Holding plc, BDSwiss LLC, BDS Markets and BDSwiss GmbH. Business affiliates are known as partners and can access a variety of services, additional knowledge base and community forum direct on the platform.

Trading Platform

As noted, when you initially access the BDSwiss website, you are advised of the fact that the site is operated out of Switzerland, even though the business is licensed in the EU. You need to make a decision on whether to cancel and be redirected to the European trading platform, or continue on to the Swiss site. This decision is also confirmation that you have not been under any form of compulsion and are visiting BDSwiss under your own initiative. We’ll be taking a look at the difference between the two trading sites in more detail below.

Both BDSwiss sites default to English language, however, international clients can opt to use the sites in a variety of different languages to suit preferences. It takes less than one minute to register for an account on the platform, so you can be up and trading virtually immediately.

There is not a lot of difference between the layouts of the two BDSwiss sites, although it can be noted immediately that the European site does not offer a Wealth Management option. It’s easy to navigate around both websites and, if you’re new to trading, you can access the Trading Academy on main BDSwiss site and also on the European site. If you do open a Demo trading account with BDSwiss you need to speak direct to an adviser in order for €10,000 demo trading funds to be added.

You can trade CFDs or forex with BDSwiss and it’s an easy matter to place a trade on both these websites. The site offers MetaTrader (MT4) trading and there is complete training available, or you can opt to trade using the BDSwiss WebTrader platform, if preferred. As you explore their website you will note they offer regular trader webinars, video courses and lots of educational resources geared to traders at all levels. On site quizzes are an added feature of both these sites, and these are great for testing your trading knowledge and confirming you’re ready to start live trading.

Assets / Markets

You can trade a variety of asset classes at BDSwiss, including Forex, commodities, indices, shares and cryptocurrencies. If you’re looking to trade the forex markets, you can choose from all major currency pair CFDs, most of the minor currencies and a number of what BDSwiss term “exotic pairs”. There are over 50 currency pairings to choose from.

The platform offers more than five commodity CFDs, including gold, natural gas and oil. Over 140 equity pairs are available, from four of the most popular international stock exchanges. A variety of indices and cryptocurrencies pairings are also available.

The list of available assets is on the increase with BDSwiss, and you can check out the entire range of asset classes after registration.

A very simple example of forex currency trading would be if you opt for a EUR/USD pair, which is one of the major currency pairings. If you are quoted a price of 1.10 for a EUR/USD pair this would mean you buy 1.10 US dollars for 1 euro.

If the price should then change to 1.20, then this is an indicator that the dollar has become weaker against the euro. If you’d taken a buy position on euros against the US dollar then you would stand to profit from the trade. The goal of any forex trading is to anticipate currency increases or drops in order to profit from sales or purchases.

You can find out more about trading forex and CFDs on our website.

Spreads and Commission

Forex pairs and indices are listed by spread on financial marketplaces. The spread refers to the difference between the bid price (which is what you pay for the asset) and the ask price (which is what you achieve when you sell).

Different assets have differing spread values, which are assessed by pip values. You won’t pay trading fees or commissions on most trades with BDSwiss, instead the trading fees are levied within spreads. Spreads change throughout the day and this is dependent on market conditions and volatility.

Small commissions (0.1%) are charged for stock CFD trades and also when you roll a trade over to the following day.

Different account types offer varying average spreads. These are Basic, RAW and Black accounts, with the RAW spread account being the most popular at BDSwiss, even though commission charges do apply.

Leverage

As noted above, you can sign up direct to the Swiss platform for BDSwiss, if preferred. One of the major advantages for traders is that this can offer higher leverage. For example, forex trades can be leveraged at 1:400 on major pairings, while commodities can be leveraged at 1:300.

When you opt to trade with the European platform you’re limited to leverage at levels set by the European Securities and Markets Authority (ESMA). So, for example, forex pairs can be leveraged at 1:30, while cryptocurrencies are limited to 1:2.

Mobile Apps

Both of these platforms offer downloadable mobile apps which are available from the Apple App Store and Google Play. You can also access BDSwiss Web Trader without a download by simply logging into the platform via your Facebook or Google accounts. You can also trade easily from your tablet while on the go, and all asset classes are covered by the BDSwiss mobile platform.

Payment Methods

When you open an account with BDSwiss you can opt for the trading currency preferred, including UK £, US $, Euros, Danish Kr, or Swiss CHF. The platform offers a variety of ways to deposit or withdraw cash, including bank transfers, credit or debit cards, Skrill and Sofortüberweisung. There are no limits on the amounts of cash that can be deposited or withdrawn, although a EUR 10 fee will be applied to bank transfers under EUR 100 and the minimum withdrawal allowed by bank wire is EUR 50, including the EUR 10 fee.

Demo Account

You can learn all about the BDSwiss platform using a Demo account, but will need to speak directly to an adviser to activate your Forex/CFD demo account.

Deals And Promotions

BDSwiss don’t offer deals or promotions on their site, however, traders can benefit from trading alerts and their education and free seminars are really useful for clients looking to expand their financial expertise.

Regulation And Licensing

BDSwiss is a fully regulated CYSEC broker, with license number 199/13. The company is also regulated and authorised by the US National Futures Association, authorised as an investment dealer by the FSC and authorised by German regulatory authorities. One factor to note is that the platform does apply dormant account fees for clients that are inactive for six months or more and this is pegged at a maximum limit of EUR 78.9. The broker is also registered with the investor compensation fund, as noted above. With around 1mn active traders at any time, it has to be said that BDSwiss is one of the most trusted traders in the European and global marketplace.

Additional Features

BDSwiss is constantly adding to its assets listings, although it doesn’t offer such a comprehensive range as some of the other major players. One very valuable feature on the platform is the interactive seminars, giving any trader the chance to learn how to trade like a pro and providing insight into lots of different areas. You just need to register your interest in any webinar listed on the platform(s). With spreads starting at just 1 pip and available leverage up to 400 times your cash investment, this is certainly a broker that deserves serious consideration.

Account Types

BDSwiss accounts include the Basic Account for retail traders, the RAW account, which is their most popular offering, and the Black Account for pro traders, which also features Islamic trading if needed.

Benefits

Having the option to trade at higher leverages on the Swiss platform is a major advantage of BDSwiss, along with the fact that it’s really easy to register an account. The massive variety of tradable options is also a very positive feature of BDSwiss, for both the Swiss and the European platforms.

Drawbacks

One major drawback with this brand is that it’s necessary to register an account before using the Demo account and training services provided on the platform. Another disadvantage for pro traders is that large trades are not discounted as well as they are at other platforms.

Trading Hours

Once you’ve opened your BDSwiss account you will be able to see all the different trading hours for assets in the Market Overview section of the platform.

Contact Details/Customer Support

The BDSwiss customer support is available via Live Chat from 09.00 to 23.30 five days a week. You can also email the platform via the contact form or at [email protected] Telephone numbers in a variety of countries are listed on their website, for clients who prefer to chat about any issues.

Safety And Security

Safety and security of clients and the prevention of fraud is important to BDSwiss. All new clients need to send proof of identity prior to being allowed to access the platforms. Accounts are password protected and BDSwiss guarantee all customer details are encrypted and maintained confidential. No third parties can access client data.

Overall Verdict

Finally, the BDSwiss platforms offer a wide range of equities and commodities for traders. Retail traders looking for higher levels of leverage than are available under ESMA regulations will be particularly impressed by the margins offered by the Swiss platform.

The platforms are relatively easy to use and the regular trader seminars are a very useful feature for clients wanting to learn more about day trading. The site offers a useful charting function for trading, in either Candlestick or Line format and you can opt to add in your own preferred indications, from a wide available selection on site. Forex traders will also find the platform offers lots of advanced features for technical analysis and decision-making.

Accepted Countries

BDSwiss accepts traders from Australia, Thailand, Canada, United Kingdom, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use BDSwiss from Belgium, Congo, Cyprus, United States, India, South Africa.

BD Swiss Forex Broker Review

Last Updated: February, 2020.

Many traditional forex brokers have recently created subsidiaries that are their entries into the thriving world of forex trading, after waiting a few years to see if the trend was real. There is, however, one forex broker that chose to use this strategy in reverse, and that broker is BDSwiss.com, as its website address proclaims. The firm expanded its product offering to include now traditional forex trading, together with a host of CFDS, as well. It now sports the best of both worlds under one roof. Founded in 2020, BD Swiss has already built a global fan base of over 500,000 and recently received an award for being the “Most Reliable Broker’ among its peers in 2020. BD Swiss is the trade name of BDSwiss Holding Plc, Cyprus, an investment firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC – License number: 199/13). U.S. and Canada clients are not accepted at this time.

The broker’s new website incorporates many format features, which make it stand out as innovative and trying to appeal to a broader clientele, now that it has grown past its initial startup phase. No need to confuse clients with escalating benefits and limited features. Straightforward is much better, and it seems to work. Very few complaints, if any, exist on the web, a good sign that this broker is trying hard to get your patronage. Forex assets total over 230, which can be traded under six option formats: FX/CFD trading, BD Swiss relies upon the Metatrader4 platform series to satisfy its clients. Here you will find not only 83 currency pairs to trade, but another 48 CFDs in indices, commodities, and treasuries. Spreads can be as low as 1.2 pips, and leverage tops out at 400:1

Registration is quick and easy, under 3 minutes, and free to access the FX/CFD service offering. Peace of mind is assured by the regulatory oversight of CySEC for deposit safety, order execution reliability, and privacy concerns. The normal package of training and support materials can be accessed once you have registered, and bilingual support from attentive customer service representatives can assist you with any problems that you might have. The HQ of this firm is located in Limassol, Cyprus, but another postal office exists in Frankfurt, Germany. BD Swiss is actually registered in most of the countries in the EU to provide one more level of safety. Details related to offices and licensing are on the website.

Unique Features of Trading with BD Swiss

The distinguishing features listed by BD Swiss on its website are as follows:

  • Founded in 2020 and headquartered in Limassol, Cyprus, with an additional presence in Frankfurt, Germany;
  • Regulated by CySEC, and licensed to do business in all EU countries;
  • Client deposits are segregated from operating capital in separate bank accounts;
  • The Cypriot Investment Compensation Fund provides additional coverage of up to €20,000.00 per individual account;
  • Firm offers traditional trading of Forex and CFDs under one corporate roof;

FX System Set Up:

  • MetaTrader4 series of trading platforms;
  • Forex pairs and CFD trading;
  • Tight spreads as low as 1.2 pips (vary by asset type);
  • Leverage for forex pairs up to 400:1 (vary by asset type);
  • Over 130 assets: Forex pairs (83), Indices (23); Commodities (18); and Treasuries (7);

Extensive Education Center includes a variety of materials on several topics, both basic and advanced, including webinars, seminars, and training guides;
Customer support available via live chat, email, or phone.

BD Swiss Accounts

One simple account for easy access and trading;

Demo account is free with no time limit;

No clients can be accepted from the U.S., Canada, Japan, Sudan, Syria, or North Korea; CySEC entity only accepts EU clients.

The BD Swiss Trading Platform

BD Swiss offers FX/CFD trading. It is web based, requiring no complicated software downloads. Sell-Early, Rollover, and Double-Up features are standard. Traditional trading uses MetaTrader4 software, which must be downloaded to your computing device. You will then be able to enjoy the features and familiarity that comes with MT4 products.

BD Swiss Deposits and Withdrawals

BD Swiss accepts major credit cards and bank wire transfers for deposits;
Alternative payment systems also accepted, like Skrill, Neteller, GiroPay, Soforth, iDeal, and EPS;
Withdrawal requests will be authorized and processed quickly, but only if KYC/AML documentation is current and on file.
Withdrawal distributions follow the deposit method, as required by law;
Withdrawals are free, but banking intermediaries may deduct their own fees.

BD Swiss Beginner Trader Support and Safety

Support

Bilingual customer service representatives can be reached via live chat, email, and direct phone (16 national lines are listed on the website). Two office addresses are also presented on the website, in case you are in those two areas.

Safety

Client deposits are maintained in separate segregated accounts and not commingled with operating capital. In case of insolvency, the Cypriot Investment Compensation Fund also covers your account balance, up to €20,000. All trading activity data and personal account and payment information are encrypted, using the latest in SSL technology.

BD Swiss Review Conclusion

BD Swiss has taken its Forex and CFD trading offering, from one simple account offered by one single broker. CySEC regulation provides a level of protection that other jurisdictions cannot – execution order transparency, deposit security with insurance coverage, and privacy via the latest in encryption techniques. Spreads and leverage are competitive, and you will not find a broader array of asset choices from even the best brokers in the industry. 500,000+ customers in four years is quite an achievement, too, so this firm’s value proposition must be working. As its Home Page declares, “BD Swiss – The Complete Trading Package.”

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

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