BDSwiss, a renowned online forex and CFD broker, stands as a top choice for traders seeking an extensive array of financial instruments. Since its establishment in 2012, BDSwiss has ascended to a prominent position in the industry, known for its user-friendly trading platform, competitive spreads, and lightning-fast execution. It offers floating spreads from 0 pips with the Zero Spread account and from 1.0 pips on other accounts. While BDswiss has a higher minimum deposit on some advanced account types, there are many with lower deposits and bdswiss forex broker review great features. BDSwiss provides an extensive selection of markets for traders, from major Forex pairs to a wide range of commodities and cryptocurrencies.
An overnight fee is assessed on basically every asset at the broker since they are a CFDs provider. This can be great as it saves you paying a conversion charge if your deposit or withdrawal method does not match a base currency. BDSwiss has continued to grow and expand and now operate multiple offices worldwide catering for traders around the world. The CFD fees are integrated within the spread, allowing for efficient and straightforward costings.
Are there any setup fees to join the BDSwiss Partnership Program?
- We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
- The BDSwiss minimum deposit will depend on the type of account you choose.
- These protective measures as we found including segregation of funds and participation to some customer protection organizations.
- An overall BDSwiss review shows us a company that managed to increase client portfolio to over a million customers.
- 🛡️Regulated and trusted by FSC, FSA, FSCA, MISA🛡️2000 new traders chose this broker in the last 90 days.🛡️Available for global Traders.
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
BDSwiss supports various deposit options including Visa, Mastercard, Skrill, Neteller, PayPal, and cryptocurrencies like Bitcoin, Ethereum, and others. No, BDSwiss does not charge commissions on forex, crypto, and commodity pairs, but fixed commissions apply to indices and shares. The Cent account requires a minimum deposit of $10, the Classic account $10, the VIP account $250, and the Zero-Spread account $100.
- Furthermore, BDSwiss ensures a safe and transparent trading environment with client fund protection, segregation of accounts, and high-level regulatory oversight.
- BDSwiss Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select.
- ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
What are the key features of the MT5 platform?
Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. The company recognizes the importance of educating traders and offers a full suite of resources in its “Academy” to empower clients. The company also charges a monthly rate of $30 as an inactivity fee after 90 days of not placing a trade. However, there are no deposit and withdrawal commissions for Credit Card transactions. To gain a better understanding of BDSwiss, it is essential to analyze its ratings.
MetaTrader 5 (MT
BDSwiss is a global Forex and CFD broker regulated by authorities such as the FSA, FSC, and FSCA. Citizens from Cyprus and the US cannot open an account irrelevant to their geographic location. BDSwiss has a median execution speed of 75.8 milliseconds, executes 96.5% of all trades in under 2.0 seconds, and has zero-to-positive slippage on 77.8% of orders without requotes. It confirms deep liquidity and no interference with orders, making it an excellent Forex broker. BDSwiss offers over 250 CFD instruments across the five asset classes mentioned above. Partners can earn competitive commissions with customizable plans, benefiting from an average conversion rate of 36% and monthly payouts totaling $2.7 million.
Markets Available for Trade
It complies with four regulators and has 10+ years of operational history. The BDSwiss account application asks for a first and last name, country of residence, phone number, date of birth, e-mail, and desired password. My BDSwiss review found no verifiable misconduct or malpractice by this broker, operational since 2012. Spreads range from 1.6 pips on the Cent account to 0.0 pips on the Zero-Spread account. Whether you’re focused on traditional assets or new-age cryptocurrencies, BDSwiss has you covered. BDSwiss offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and a Mobile App for both iOS and Android.
The time it takes for the funds to reach your account depends on the withdrawal method and your bank’s processing time. Dynamic leverage adjusts automatically based on the size of your open positions, offering more flexibility in risk management. BDSwiss uses account segregation to ensure client funds are kept separate from the company’s operating funds, providing an added layer of protection. Price Chart – Equipped with over 104 technical indicators, 40+ graphical analysis tools (lines, levels, patterns), and customizable timeframes, including a non-standard 1-second interval. We successfully registered an account with BDSwiss, which took only 5 minutes. Traders Union compared BDSwiss’s deposit and withdrawal fees with those of two of its competitors.
Standard Account Spread
With executions, BDSwiss is a Market Maker broker offering trading in CFDs. These types of brokers often collect prices from multiple liquidity providers to offer the best spreads to you as a trader. Demo accounts are of course a great place to start trading if you are learning about the industry or the broker. There is no risk on a demo account as all funds are virtual, and no obligation to deposit after using the account. With BDSwiss, you will find another good demo account and although it is limited to a 30 day trial period, it is fast and easy to open with the most basic of information. Trading forex with BDSwiss you will have access to a range of more than 50 forex pairs.
Withdrawal Options at BDSwiss
To fortify online security, BDSwiss employs SSL encryption on its website. This encryption guarantees safe data transfer, enhancing the overall safety of user information. Yes, BDSwiss is suitable for hedging, allowing traders to manage risk effectively. To withdraw money from BDSwiss, you need to log in to your account, navigate to the withdrawal section, select your preferred withdrawal method, and follow the instructions.
However, it’s noteworthy that BDSwiss’s stance on Negative Balance Protection is not explicitly mentioned on its website. This omission may raise concerns for traders seeking comprehensive protection measures while engaging in various trading activities. BDSwiss claims to prioritize client security by providing safeguards to protect their interests. As a member of the investor compensation fund, BDSwiss offers an added layer of protection.
All BrokerNotes content is researched, fact-checked, and edited by the research team. BDSwiss offers excellent mobile trading through the MT4 and MT5 apps, but its own proprietary mobile app has very basic functionality. The secure BDSwiss dashboard and mobile app handle financial transactions for verified clients. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
The BDSwiss mobile app provides traders with access to the same range of financial instruments as the web-based platform, as well as a range of features and functionality designed specifically for mobile devices. The app allows traders to monitor their positions, view real-time prices, and place trades directly from their mobile devices. The app’s user interface is intuitive and easy to use, making it a great option for traders who prefer to trade on the go. BDSwiss is a popular broker that provides a mobile trading app for its clients. The BDSwiss mobile app is available for both Android and iOS devices and offers a range of features and tools to help traders stay connected to the markets while on-the-go.