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. Also, you may compare BDSwiss fees to its peer BlackBull markets and other popular brokers listed below. The broker has prepared an educational section covering all aspects of Forex and CFD trading, which can be found in the “Education” section of the BDSwiss website. In addition to that, the company’s experts regularly conduct exclusive webinars, release market reviews, and provide other free educational materials.
What are the issues with BDSwiss?
👎 Disadvantages of BDSwiss:
Lack of investment programs and trading bonuses. The broker charges a fee for inactivity on the account. Support is unavailable on weekends.
While Classic and Vip accounts are based on a spread-only model, the Raw account features interbank spreads and commission charges per lot. When it comes to withdrawals, BDSwiss aims to process all withdrawals within a 24 hour period, but they cannot guarantee how long it will take for the funds to reach your account. The minimum deposit and withdrawal amount is set at $100 or equivalent. You can withdraw less than $100, however, a $10 fee will be applied so it’s hardly worthwhile.
Can I trust BDSwiss?
At BDSwiss you may choose from leading Shares, Indices, Forex, Commodities, and Cryptocurrencies based on CFDs and ETFs on shares. BDSwiss provides access to seamless trading through a great range of 250+ underlying assets such as commodities and cryptocurrency. Together with comprehensive education materials provided by Forex Courses, defined by the level of expertise, Webinars, and Seminars. Moreover, the broker offers Daily Webinars, which is an incredible opportunity for all the traders (and especially for the beginners) to expand their Forex knowledge. BDSwiss offers versions of both Metatrader4 and MetaTrader5 suited to various devices including PC, Mac, App, or Web platforms that require no installations. Yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders.
BDSwiss’s current client base includes 1.5+ million users from more than 186 countries, and more than 30 billion in average monthly Forex volume. You can trade the price movements for the most popular cryptocurrencies, including Bitcoin, Ripple, Ripple, Ethereum, and Litecoin with CFDs. The BDSwiss WebTrader is an easy-to-use platform, designed for online trading with a simple and intuitive interface.
In addition, the company runs an active blog and community of traders, which allows sharing the user experience to get better knowledge about the capital, markets, and trading itself. So the conclusion comes to the point of a quality BDSwiss offering that may suit either beginning traders or even seasoned professional traders. Links to financial media, and access to live education through daily webinars hosted by experts. Research & Analysis Trading Academy Competitive Conditions & Ultra-Fast Execution Access the financial markets with an account catered to customers’ needs and benefit from competitive conditions and exceptional execution speeds. You will also access useful information with market alerts, trading information, and analysis through its established BDSwiss Blog, which is definitely good and necessary for any trader, especially beginners. Proper education guarantees a client will be able to review data online in a better way before investing.
Overall, BDSwiss fees are in-line with most of the industry, and they do a good job in trying to maintain a commission-free trading environment. A minimum deposit starting from $100 also ensures they remain accessible to all with the only downside being this minimum deposit is only available on one account type, and increases a lot on the other types of accounts offered. 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. BDSwiss brokers provide highly regulated brokerage services, throughout the world, including the US. BDSwiss offers a number of assets to be traded on MetaTrader 4(MT4), MetaTrader 5, BDSwiss web trader, and its mobile app.
BDSwiss Alternative Brokers
A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money. The Classic Account, VIP Account, and Raw Account have a 0.15% commission on shares, but there are no commissions for forex pairs in all the accounts. Traders should also note that the Classic Account charges a commission of $2 per lot on indices. BDSwiss received a high score in the Account Types and Terms category. Additionally, there are Islamic and Demo accounts where beginners can hone their skills. While the broker processes withdrawals within 24 hours, the time required for funds to reach the account depends on the chosen withdrawal method.
However, BDSwiss does not accept clients from a handful of countries, including the US. This can be somewhat excused though, as when it comes to brokers, those most likely to leave negative reviews are those who have lost money or had a bad experience. This is fairly commonplace in the world of brokerages so can’t be taken as the be-all and end-all of a company reputation. In this section of our BDSwiss Review 2023, we can confirm that this brokerage is a fully licensed and regulated CYSEC broker. Additionally, BDSwiss is also regulated and authorised by the NFA, authorised as an investment dealer by the FSC and monitored by German regulatory authorities. BDSwiss’s trustworthy reputation is further cemented by its awards and accolades.
Eightcap Review 2023: Is It a Legit Forex Broker? – CryptoNewsZ
Eightcap Review 2023: Is It a Legit Forex Broker?.
Posted: Wed, 03 May 2023 07:00:00 GMT [source]
Moving on to other fees, BDSwiss do charge overnight fees as well as a 10% monthly account inactivity fee. They also charge a currency conversion fee if your selected account currency differs from that of the account you’re funding it with. BDSwiss has a wide range of deposit and withdrawal payment options available, including bank transfers and epayments. As we mentioned in the above section of our BDSwiss Review 2023, the brokerage doesn’t charge any deposit or withdrawal fees from their end.
The mobile platform can be downloaded for free via Google Play or the App Store. Trading conditions provided by the company are suitable for those who do not want to invest large amounts in trading as well as those who are ready to trade with large sums of money. The minimum deposit amount is $100, while the minimum investment amount is $5; trading accounts can be opened in USD, EUR or GBP. The broker for everyone – the minimum deposit amount with which you can start trading is $100.
For non-EU clients registered under FSC Mauritius () there are standard referral promotions and frequent competitions based on trading-volume. Trading Talks is a 10-course recurring educational webinar which is held every two weeks. The BDSwiss official YouTube channel is where past webinars can be accessed. Over 200 videos are in the expanding library, allowing traders to learn at their own pace. Fully developed in-house, BDSwiss Mobile App enables traders to manage their account and trade on the go. Users can register for an account, deposit, withdraw, upload their KYC and of course place their trades anytime, anywhere.
BDSWISS provides a range of educational resources to assist traders in improving their trading knowledge and skills. They offer a variety of educational materials, including Forex eBooks, LIVE Education, Forex Basic Lessons, Forex Glossary, Educational Videos, and Seminars. The potential for BDSwiss to provide a significantly more client-friendly environment is great and clearly evident. Manual traders who have no need for advanced features may find the MT5 trading platform a better choice. All information contained herein should be independently verified and confirmed.
BDSwiss Key Takeaways For 2022
All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management, which deserves good regard from us too. The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform, which provides a comprehensive trading feature and vast of solutions. MT4 is a known industry intuitive platform, even though might be with little outdated layouts, still is widely used platform. As the broker mentions it always aims to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed.
However, the platform lacks many of the features available on MT4 and MT5 such as automated trading and does not cater for third-party tools. Overall, BDSwiss offers fewer trading account currencies than most other large international brokers. Because BDSwiss is not regulated by the FCA or CySEC, it can offer high leverage to retail traders across all its trading instrument classes. BDSwiss has a good range of trading instruments compared to other offshore brokers, including 900+ shares and 26 cryptocurrencies.
Withdrawal methods are more limited than the deposit payment methods, however, processing times are among the quickest on the market. More information can be found in the “Payments” section of this BDSwiss Review. Now that you’ve completed the two steps above, it’s time to start actually bdswiss forex broker review trading for real. You can conduct your trades using one of the desktop traders, the webtrader or the award-winning BDSwiss mobile trading app. When it comes to the range of cryptocurrencies available, you can choose between 10, including Bitcoin, DASH, Ethereum and more.
An account can be opened for free but requires a minimum deposit to start trading. BDSWISS offers a wide range of trading instruments across multiple asset classes, making it a versatile platform for traders. The absence of deposit and withdrawal fees is a definite advantage for those who prioritize low-cost trading. Additionally, the broker’s extensive educational resources can be beneficial for novice traders who want to improve their trading skills. Besides traditional bank wires and credit/debit cards, supported payment processors include Skrill, Neteller, PayPay, giropay, Sofort, eps, iDeal, and dotpay.
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. In terms of trading fees, variable spreads and commissions charges are applied to spreads on crypto, forex and commodity pairs depending on the type of account you have. For indices and shares, a fixed commission charge is applied depending on your account type. You can find a full list of charges per account type on the BDSwiss website.
- Fully developed in-house, BDSwiss Mobile App enables traders to manage their account and trade on the go.
- There are many options for deposits and withdrawals which are available in multiple currencies.
- There is an abundance of trading and educational tools at your disposal with BDSwiss.
- In an attempt to align to the trend of cryptocurrency trading, BDSwiss now offers Contracts For Difference (CFD) on 20+ coins, including Bitcoin, Litecoin, and Ethereum.
- The only fees which may be relatively high at the broker are if you are trading cryptocurrency, the Bitcoin fee as an example starts at $190, and the inactivity fee, if applied, can amount to a lot.
- From stat-arb and trend-following CTA to fixed-income relative value.
BDSwiss multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level. 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 https://forexhero.info/ to choose from since broker does not impose strict restrictions, so news trading or other strategies are available. 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. BDSwiss works with a variety of payment service providers that covers a wide range of deposit methods in a particular country.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. The employees always know how to assist me very quickly and happily so that I can continue trading undisturbed. 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.
Is BDSwiss a trusted broker?
BDSwiss is considered trusted, with an overall Trust Score of 84 out of 99. BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by one tier-2 regulator (average trust) and one tier-3 regulator (low trust). Learn more about Trust Score.
Additionally, they offer educational videos that cover different aspects of trading, and traders can attend in-person seminars held in different locations globally. The VPS service provides fast and reliable connection to BDSWISS servers for traders who use automated trading strategies. BDSWISS provides a range of trading tools to help its clients in their trading activities. However, some traders may find the offshore Seychelles Financial Services Authority (FSA) license to be a drawback. Overall, BDSWISS appears to be a reliable broker with several advantages for traders, but it’s important to consider the potential drawbacks before deciding to trade with them. The BDSwiss Webtrader is advertised as a feature-packed platform but it lacks support for automated trading solutions.
- Their multilingual team is professional, sustainable, and available 24/5 for you to answer any questions via live chat, phone, or email.
- Furthermore, the balance of your demo account can go back to its original number of $10,000 by resetting it.
- BDSwiss provides access to seamless trading through a great range of 250+ underlying assets such as commodities and cryptocurrency.
- Their website is well organized and always kept in tiptop condition, with updates and comprehensive info about trading conditions.
The BDSwiss website is one of the best designs we’ve tested, and new traders will have no problem identifying the available assets to trade and the full fee structure. The broker provides quality support 24/5 via online chat, phone, and email in 7 languages. BDSwiss received a high score in the Tradable Instruments category.
BDSwiss provides access to trade a great range of 1000+ underlying assets, while you may choose from Indices, Forex, Commodities and Cryptocurrencies based on CFDs, or Options Trading. However, range of instruments depends on the account type or BDSwiss entity you use. Here at TradersBest.com, we’re experts in the world of brokerages and trading.
Who is the owner of BDSwiss?
Nicolas Shamtanis is the CEO of BDSwiss.