CFDs and Forex trading are very popular today among private traders as they get access to the global financial markets with little investments. Once you want to test your luck in trading, you will need to find a platform for it. The only problem is the variety of such services. It is essential to select only reliable intermediaries to minimize financial risks. We offer you information about one of such brokers — keep reading thus BDSwiss review to get a full picture of platform features.
About Broker
Western European broker BDSwiss is one of the leaders in the binary options market. Founded in 2012, it managed to create a well-known name in the industry and is now one of the leading Forex intermediaries in German-speaking countries. The platform is owned by the investment holding BD Swiss Holding PLC, registered in Cyprus. The company complies with most modern standards and offers quality services for traders of any level. Initially, the platform provided services exclusively in the binary options market. Over time, the quality of work and the number of satisfied clients began to grow, and the broker diversified into BDSwiss Forex and CFD trading. Today BDSwiss Group has over a million open accounts, with a monthly trading volume of over $ 84 billion. The popularity of this broker is backed up by over 10 million transactions processed annually. Its platform has a wide range of key features required for fruitful trading — comprehensive educational resources, an efficient customer service team, cutting edge trading terminals, and updated market news.
Within a short time, BDSwiss broker has managed to win many awards. Some of the most recent awards include:
- Best Trading App - 2018 and 2019
- Best Deal Making - 2019
- Best trading conditions - 2019
Regulation
Broker regulation by the official financial authority is very important in online trading. The license creates a confidential relationship with the client. To obtain such a permit, a broker must meet certain requirements and criteria. Violation of the rules will mean license cancelation.
There are 3 companies operating under the BD Swiss brand, each with its own regulator:
- BDSwiss LLC - NFA regulator, license 0486419;
- BDSwiss Holding PLC - regulated by the Cyprus CySEC, license 199/13;
- BDS Markets has been an FSC regulator since late 2016.
In accordance with European Union rules, BDSwiss keeps customer funds separately from business assets. In addition, BDSwiss is a member of the Investor Compensation Fund (ICF). It means that in the event of bankruptcy, the trader's money remains his property - the protection of the deposit is €20,000 per trader.
Registration
It is very easy to join the platform of the BDSwiss broker. You only need to visit its official site and click on the blue button in the upper right corner. You will be redirected to the page where you need to specify the data. It is one of the few brokers that offers instant signup via Facebook or Google. If you want to go through the standard procedure, enter your first name, last name, patronymic, phone number, email and password. Please confirm that you are 18+ and agree to the terms and conditions.
The button for entering your BDSwiss personal account is also in the upper right corner. You can log in with a social network account or enter your email address and password.
The button for entering your BDSwiss personal account is also in the upper right corner. You can log in with a social network account or enter your email address and password.
Personal account is very well arranged:
- The main tab "Account Management" provides access to your accounts. Here, you can immediately replenish or withdraw money from the deposit.
- In the "Programs" tab you can choose the terminal programs you want to trade.
- In the "Profiles" tab, you can change the data previously entered during registration. And in the "Documents" tab, you will upload copies of documents for user verification.
- The "Subscriptions" section allows you to subscribe to various notifications on the site.
Account types
There are three account options to choose from.
When opening a trading account, it is possible to select the desired base currency - euro, US dollar or British pound. It is convenient, as it means that you will not be charged additional commissions for currency conversion.
BDSwiss demo account
The Forex market offers attractive opportunities for traders, but trading is also associated with a high risk. That is why, before investing money in your live account, it is recommended to open a risk free BDSwiss demo account. Training version provides the same Forex experience as live accounts. The only difference is that you are not trading with real money but virtual funds. A demo account helps a beginner better understand the financial market from the inside. A free account is automatically created for all clients after the registration and you will easily find it in the menu. You are allowed to use virtual $10,000 to test your skills in trading.
Platforms
The broker offers three different trading platforms. You can reach the BDSwiss MetaTrader 4, MetaTrader 5 and BDSwiss WebTrader terminals.
MetaTrader 4
This platform is ideal for It is ideal for trading Forex, indices, commodities, and more. You will find all necessary tools and resources to analyze the price dynamics of any asset, conclude trading operations, and use automatic trading programs. BDSwiss Metatrader 4 is highly customizable and allows traders to create an environment tailored to their preferences and individual strategies.
Open MT4
Open MT4
MetaTrader 5
It is the newest and most advanced terminal that offers all the innovative MT4 features with the addition of modernized trading tools and indicators. Traders get an opportunity to better control their trades and make successful decisions. MT5 allows BDSwiss clients to trade an expanded number of CFDs on a variety of assets, including currency pairs, stocks, commodities, indices and cryptocurrencies. All instruments are traded all on the same platform with different settings, no strategy limits, minimal slippage and impressively fast order execution.
Open MT5
Open MT5
The BDSwiss WebTrader
This platform has been exclusively developed in-house to meet the needs of a growing client base. Focused on simplicity, reliability and speed, the new BDSwiss WebTrader delivers unique trading opportunities across all browsers and operating systems.
Open WebTrade
Open WebTrade
BDSwiss download is not needed for WebTrader. It is fully synchronized with downloadable MT4 versions, allowing you to track prices in real time with an advanced market overview. The platform is available in many languages, allowing traders from all over the world to use it with no effort. This ultra-user-friendly platform provides a wide range of tools including efficient indicators, automated trading with pending orders and an intuitive order window that automatically calculates position size, leverage and required margin.
Main features of WebTrader:
Main features of WebTrader:
- Intuitive order window
- Available in 20+ languages
- Clean user-friendly interface
- Transparent secure trading on any device
- Fully synced with BDSwiss MT4 app
- Functionality of advanced charting tools
- No download is needed - cross-browser compatible
- Super-fast order execution, no requotes
Mobile trading
BDSwiss keeps up with modern trends and allows its clients a chance to trade on the go. The broker has created an application for mobile devices. The mobile version differs from the desktop only in the location and size of individual interface elements. It has practically the same capabilities as a desktop platform. You can download the mobile platform through Google Play or the App Store.
Deposits and withdrawals
- bank transfer – the transaction can take up to 7 business days.
- bank cards
- electronic wallets - Neteller, GiroPay, PaySafe, Scrill, WebMoney.
Withdrawals are made in the same way the deposit was performed. For example, if the deposit was replenished from a credit card, then the money should be withdrawn to the same card.
To request fund withdrawal, you need to be a verified platform user. It is advisable to go through the verification procedure at the time of registration on the site.
To request fund withdrawal, you need to be a verified platform user. It is advisable to go through the verification procedure at the time of registration on the site.
The company pays a lot of attention to the security of transactions and the confidentiality of customer data. Therefore, it uses innovative SSL (Secure Sockets Layer) encryption technology and only support proven deposit methods such as wire (bank) transfers and major payment services.
BDSwiss commissions
The broker takes a withdrawal fee based on the payment method and withdrawal amount.
For bank transfer withdrawals of less than or equal to €100, the broker will charge a flat fee of €10 with additional conditions concerning the minimum withdrawal amount:
For bank transfer withdrawals of less than or equal to €100, the broker will charge a flat fee of €10 with additional conditions concerning the minimum withdrawal amount:
For international payments, the minimum withdrawal amount is 50 EUR or the equivalent of the net trading account currency, i.e. after deducting commissions. For amounts that remain below the required €50, you will need to use an alternative withdrawal method.
For SEPA transfers, the minimum amount is €5 or the equivalent of the net trading account currency, i.e. after deducting the commission.
For withdrawals of €20 and below BDSwiss will charge a flat fee of €10.
Please note that you may also pay the commissions of the payment system you choose for the transaction - intermediary bank, receiving bank, or your credit card provider.
According to BDSwiss reviews, there are also non-trading commissions on the site. One such fee is the inactivity fee. If the client has not been using his account for more than 90 days, BDSwiss will deduct 10% from his account every month.
Educational materials and analytics
BDSwiss offers educational tools based on trading experience levels: beginner, intermediate or advanced.
Novice traders have access to such tools as:
Intermediate and advanced traders have access to the same basic educational tools. The only difference between the levels is the video courses, which are designed specifically for the needs of a particular level and should be used accordingly. BDSwiss also has an FAQ section covering a variety of topics and likely questions customers might have.
Novice traders have access to such tools as:
- Forex glossary
- Basic Forex Lessons
- Series of training webinars
- VIP sessions 1 on 1 (available only to Black VIP-account holders)
- Market news and articles
- Seminars (available only to Black VIP account holders)
Intermediate and advanced traders have access to the same basic educational tools. The only difference between the levels is the video courses, which are designed specifically for the needs of a particular level and should be used accordingly. BDSwiss also has an FAQ section covering a variety of topics and likely questions customers might have.
Analytical materials on the site are detailed and well structured. You will find them grouped in five sections - Market Watch, Technical Analysis, Daily Videos, Weekly Review, and Special Reports. The webinars are also held almost daily in different languages.
Open BDSwiss Research & Analysis
All analytics, including webinars and forecasts, are available free of charge, and most of the video content is uploaded to YouTube. The quality of the analysis is very high and will be useful for both technical and fundamental traders. These videos give traders an idea of how to approach marketing opportunity research as well as the psychology of a trader.
Open BDSwiss Research & Analysis
All analytics, including webinars and forecasts, are available free of charge, and most of the video content is uploaded to YouTube. The quality of the analysis is very high and will be useful for both technical and fundamental traders. These videos give traders an idea of how to approach marketing opportunity research as well as the psychology of a trader.
Customer support
If a trader encounters any problems or has questions about BDSwiss services, there are several ways to contact support representatives 24 hours a day, 5 days a week. Company technical team can be reached by phone, chat, email, WhatsApp and even Telegram. So, regardless of the platform chosen, multilingual support is always available.
Support channels
Telephone lines
Chat room
+44 (20) 367-058-90 UK
Callback from the site
+49 (302) 144-69-91 Germany
WhatsApp: + 35-799-156-568
+39 (068) 997-01-24 Italy
Email: support@bdswiss.com
+34 (91) 075-69-37 Spain
Support channels
Chat room
Callback from the site
WhatsApp: + 35 - 799 - 156 - 568
Email: support@bdswiss.com
Telephone lines
+44 (20) 367-058-90
UK
UK
+49 (302) 144-69-91
Germany
Germany
+39 (068) 997-01-24
Italy
Italy
+34 (91) 075-69-37
Spain
Spain
- Somewhat low maximum trade
- Additional fee for inactive account
- The broker is well regulated
- Affordable minimum deposit
- Intuitive interface of the platform
- A good selection of trading instruments
- The broker is suitable for all levels of traders
- A lot of educational and analytical resources
Disadvantages
Advantages
CONCLUSION
BDSwiss is a reputable and regulated broker. It offers an attractive trading environment for traders of all experience levels. The platform allows access to trading with a low minimum deposit and offers competitive spreads and transparent commissions. Beginners will appreciate a demo account and educational materials on the site. The broker has a wide range of trading instruments as well as several trading platforms to suit all types of traders. So if you are looking for a reliable online partner to trade Forex and other markets, BDSwiss might become an excellent option.
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