BDSwiss Review 2023 Is BDSwiss Legit Broker or Scam ️

Cash withdrawals are free, except in cases where the withdrawal amount is less than 100 Dollars / Euros / Pounds. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Overall, the education provided by BDSwiss far surpasses that of most other international brokers. The account opening process at BDSwiss is fully digital, fast, and hassle-free compared to other brokers.

• This website is for general information purposes only and is operated by BDSwiss AG.
• 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.
• Topics include CFD Trading, The Basics of Forex Trading, and Order Types, among others.
• Does this platform think that no one will complain after returning the principal?
• 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.

Such accounts can be seen as a way to test strategies in real trading. Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day. In this review, we tested the MetaTrader 5 platform analyzing charts, indicators, drawing tools, orders, and the general ease of use of the platform.

Forex trading conditions

Fully developed in-house, BDSwiss Mobile App enables traders to manage their account and trade on the go. It is important to emphasize that opening the BDSwiss simulator (demo account) is free; you can open a Demo account, test the platform, and then decide whether you would like to deposit funds. Award-winning customer support is available 24/5 via live chat, email, messenger services, and telephone – though telephone support requires calling a European number, and you will be charged accordingly. All analytical material, including webinars and forecasting reports, is available free of charge, and most of the video content is uploaded to YouTube. The analysis quality is world-class and will be of value to both technical and fundamental traders.

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. If you are a trader of bigger size and prefer commission basis then Raw Account is your choice. The Raw account offers an interbank spread averaging 0.3 for EURUSD and commission paid per transaction opening which is 5$. Overall, BDSwiss is a well-regulated and trustworthy broker who have grown quickly in recent years to being one of the top names in the sector.

Cyprus Securities and Exchange Commission

BDSwiss also offers a Forex or CFD “Demo Account” and gives new traders the opportunity to put their skills to the test on free Demo accounts with adjustable virtual balances of up to 1,000,000€/$/£. BDSwiss clients can open any type of account offered by BDSwiss including Classic, Raw, VIP, Premium (under FSC only) and Cent (underFSC only) as a Demo Account and test the tools, conditions and spreads offered, which is definitely a big plus. Both Metatrader 4 and Metatrader 5 are offered by the broker as desktop trading platforms. These are of course some of the best known, and highly regarded trading platforms around. They can provide a robust, efficient trading experience that is favored by many traders worldwide.

Frankly, this is a department that this broker needs to improve on when compared to other major brokers in the industry. FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation https://forexhero.info/ with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. You can deposit and withdraw safely by using secure methods such as credit card, Maestro, wire transfer, PaySafeCard and others. Therefore, BDSwiss is recommended for beginners as well as small traders.

Metatrader 5

Accordingly, they are not necessarily comprehensive, and their accuracy cannot be assured. In addition, the information and analysis contained in such materials are based on professional judgement. Accordingly, they may differ from the conclusions or analysis provided by other qualified professionals asked to perform a similar analysis. ​
Moreover, please note that all the material and information made available by Alexon Capital Ltd or its affiliates is subject to modification, change or supplement without prior notice. However, nothing in this disclaimer excludes or restricts any liability or duty that Alexon Capital Ltd or any of its affiliates may have under applicable law or regulation, which is not capable of being so excluded. Also, you may compare BDSwiss fees to its peer XMtrading and other popular brokers listed and have BDSwiss review consequently before jumping to any conclusions.

Overall, BDSwiss trading tools are slightly limited compared to what is offered by other large international brokers, but the tools it does offer are some of the best in the industry. Autochartist is one of the best technical analysis tools on the market, and BDSwiss does well to offer this tool to its clients. The BDSwiss WebTrader is a user-friendly platform that delivers an array of tools, including unique indicators, and an intuitive order window that automatically calculates position size, leverage, and required margin. 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.

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. You should login to your Client Portal and submit a withdrawal request by following of the required procedure. Yes, you can use the same email address to register an IB account by clicking here.

VIP Account

BDSWISS offers a wide range of deposit and withdrawal options, including Visa, MasterCard, Skrill, Neteller, Bank Wire, Pay Retailers, cryptocurrencies, AstroPay, Globepay, MPESA, airtel tiGo, korapay, and more. Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when real money is at stake. BDSwiss provides access to 51 forex pairs, 6 commodities, 900+ stocks, 80+ ETFs, 11 indices, and 26 cryptocurrencies. Traders should note that the high number of stocks and ETFs is available on a separate StockPlus Account, while the other accounts provide access to a lower number of stocks.

The advantage of brokers offering third-party platforms such as MT4 and MT5 is that traders can take their own customised versions with them should they decide to migrate to another broker. Additionally, bdswiss forex broker review there are thousands of plugins and tools available for the MetaTrader platforms. However, these platforms are not as beginner-friendly as the proprietary platform offered by BDSwiss.

We also suggest that you use the same password so both accounts can be linked. You just need to go to your IB portal, click on “Rebates”, and set the percentage you wish to give back to your client. Please note that the percentage needs to be set before the IB commission is paid.

Some novice traders may find a slower learning curve with MT4 looking dated in appearance and many additional functionalities can be difficult to find at first. The BDSwiss web trading platform is great to look at and is quite intuitive. Analytical tools are easy to pick up and we found a good level of customisation – something severely lacking in many other proprietary trading applications. Newbies and novices can consult their well-stocked educational center to learn all about the platform’s tools as well as successful trading strategies. Their website’s education section is regularly updated with useful information by their experts who also conduct webinars, market reviews, and other training sessions. If you want personal help, contact customer support for detailed assistance on any issue any time.

Trading Talks is a 10-course recurring webinar, further aiding the education of new traders. Autochartist is available to all traders and represents a valuable research tool. The head of the BDSwiss research team provides high quality market insights. ASINKO.com is free to use for everyone but earns a commission from some of its counterparts with no additional cost to the end-users like yourself. Trade Shares, Indices, Forex, Commodities and Cryptocurrencies with CFDs. BDSwiss advertises that they (almost) instantly process credit card withdrawals (under 2,000 EUR/GBP/USD).

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.

The broker also charges a currency conversion fee for deposits made in a currency different from the account currency. Moreover, if no trading activity occurs for over 90 days, a monthly fee of $30 will be deducted from your account balance, until the account balance is 0. This charges covers the maintenance/administration expenses of such inactive accounts. It is important for traders to keep these fees in mind when planning their trading activities, as they can impact the overall profitability of their trades.

The minimum deposit required to open a BDSwiss VIP Account is $3000 USD. The minimum deposit required to open a BDSwiss Classic or Premium Account is $100 USD. The most notable feature we discovered during this BDSwiss review is the advertised trade execution which is certainly worthy of a mention. With zero requotes and 73.40% of zero or positive slippage, on paper, the statistics suggest an excellent execution environment. Also of note is the company’s excellent research and education offerings which will be outlined below.

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. BDSwiss is an offshore-regulated forex and CFD broker that was established in 2012 and is registered in Seychelles. The broker offers a range of trading instruments across multiple asset classes, including forex, commodities, shares, indices, and cryptocurrencies. Using Classic and VIP accounts, traders will face no commissions, zero account management fees, and minimal spreads. Forex spreads using the Raw account begin at 0.0 pips and rise to 1.5 with the Classic account.

The Classic and VIP accounts carry an average spread of 1.5 pips and 1.1 pips, respectively. Forex traders will likely find a lower cost structure in many entry-level accounts at other brokerages even against the VIP account offered at BDSwiss. The Raw account consists of adequately priced spreads, and a fixed commission of $5 per traded lot on all currency and gold pairs. We were happy to see during our BDSwiss review that asset selection at BDSwiss is ample but largely dependent on the asset sector chosen.

The BDSwiss web trader requires no downloads and can be utilised right off the website. During our review of BDSwiss, we confirmed some comprehensive analysis tools and the full range of tradable instruments. The mobile trading app feels much like the web trader and also boasts analysis tools, account management capabilities, and the full range of instruments.