BDSwiss Review 2024: Should You Sign-up With the Broker?

BDSwiss Review 2024: Should You Sign-up With the Broker? title=

This Trading Platform is available in Ukraine

1.5/5

BDSwiss has garnered a mix of feedback from users across various review platforms. Many traders appreciate the broker's user-friendly platform, which they find intuitive and easy to navigate, making their trading experience smooth.

The educational resources available are also frequently highlighted as valuable for both novice and experienced traders. Customer service seems to be another strong point, with several reviews praising the prompt and helpful support team.

However, some users have expressed concerns over withdrawal processes and fees, mentioning delays and lack of transparency in certain cases. There are also occasional mentions of difficulties with account verification and management.

While positive experiences seem prevalent, it's clear that there are areas where BDSwiss could work on improving to enhance client satisfaction further. Overall, the company appears to maintain a solid reputation among many of its users, but prospective clients should consider the mixed nature of the reviews when deciding whether to trade with BDSwiss.

Min. deposit
$100
Website address
Demo account
Yes
Currency
EURUSD
Supported languages
AraChiDanEngFinFreGerItaNorPorRusSpaSweThaVie
Active
Yes
Payment Methods
Bank WireCredit/Debit cardsEPSGiropayiDealNetellerPrzelewy24SkrillSofort
Pros
  • Regulated broker
  • Wide range of instruments
  • MT4 and MT5 platforms
  • Educational resources
  • Multiple payment methods
Cons
  • Inactivity fee
  • No US clients
  • Limited product portfolio compared to some competitors
Awards
Best Trading Conditions 2019, Best Partnership Program Asia 2020, Best Trading App 2020
Bonus
No
Instruments
CFDsCommoditiesCryptoForexIndicesStocks
Min. trade price
Varies by asset
Regulated By
CySECFSAFSC
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
Yes
Autochartist
Yes
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
Yes
Margin Trading
Yes
Volatility Index
No
Spot Trading
No
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Managed Accounts
Yes
Market Maker
No
Auto Trading
Yes
Social Trading
Yes
Copy Trading
Yes
Trade Signals
Yes
Islamic Account
No
Inactivity Fee
Yes
Guaranteed Stop Loss
No
Stock Exchanges
Not applicable for CFD trading
Commodities
Gold, Silver, Oil, Natural Gas
Forex Trading
Yes
Forex GBPUSD Spread
1.6 pips
Forex EURUSD Spread
1.2 pips
Forex EURGBP Spread
2.1 pips
Forex Assets
50+
Crypto Spread
Varies by asset
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BTC, ETH, LTC, XRP
Binary Options
No
Payout Percent
Not applicable for CFD trading
Expiry Times
Not applicable for CFD trading
Ladder Options
No
Boundary Options
No
Show all >>

* 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 1.5,
according to 30 reviews

4.5 Stars
เพ็ญผกา เครืออินทร์
เพ็ญผกา เครืออินทร์
stars
th
I have a problem with the wrong deposit. Deposit declined So I contacted Thai Support. Thank you Okey Account Manager Thailand for taking care of following up on the issue. I'm very impressed.

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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.

Pros Cons
Regulated in Mauritius and Seychelles Very high inactivity fee (10% per month of balance after 90 days of inactivity).
Various account choices including “no commission” and “commission” accounts Customer support isn’t offered on weekends.
Minimum deposit of $100 Mediocre 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?

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?

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.

Classic VIP Raw
EUR/USD 1.6 pips 1.2 pips 0.3 pips + $5/lot commission
GBP/USD 1.9 pips 1.7 pips 0.6 pips + $5/lot commission
USD/JPY 1.8 pips 1.6 pips 0.5 pips+ $5/lot commission
Nas100 0.8 pips+ $2 commission per lot 0.8 pips 0.4 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 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 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 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 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 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 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: [email protected]
  • 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

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