broker

BDSwiss Review 2022

Updated:
4.1
Trust
3.5
Fees
4.1
Platforms and Tools
3.9
Customer Support
4.5
Tradable Instruments
4.4
Account Types and Terms
4.9
Deposit and Withdrawal
3.9
Research
5.0
Education
5.0

This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please Note: our review is based on a live Classic Account, using the web platform, opened with the offshore BDS Markets entity (bdswiss.com).

The Big Picture

BDSwiss offers trading in a wide range of assets via its beginner friendly web and mobile platforms, as well as offering the popular MetaTrader platform.

BDSwiss was established in 2012 and has since grown to have over a million clients worldwide. Trading is available in more than 1000 instruments, across forex, commodities, shares, indices, cryptocurrencies and ETFs.

BDSwiss Key Takeaways for 2021

  • We evaluated BDSwiss across 9 categories (Trust/Stability, Fees, Tradable Instruments, Account Types, Deposit/Withdrawal, Research, Customer Support, Education, Platform/Tools).
  • BDSwiss shined in the areas of customer service, education and research.
  • We found room for improvement in the categories of trust and fees.
  • The proprietary WebTrader platform is user friendly but lacks some popular features, which pulled down the score in the platform category.
  • BDSwiss’s trust score suffers as a result of offshore regulators that offer much less protection than their tier-1 counterparts.
  • BDSwiss is a beginner friendly broker, with easy to use platforms and good education and research resources. However, some fees are relatively high in the Classic account.
  • VIP and Raw accounts offer more competitive pricing and access to advanced tools, catering to experienced traders.

What Sets BDSwiss Apart from Other Brokers?

BDSwiss differentiates itself by having proprietary web and mobile platforms as well as providing MetaTrader 4 and 5. It also offers some unique tools such as the Trend Analyser powered by Autochartist. BDSwiss also offers flexibility in that it has multiple account types to cater to different trader profiles.

Who is BDSwiss for?

The BDSwiss Classic account is suitable for new traders, with its intuitive platforms, reliable customer service and broad range of research and educational resources. BDSwiss can also cater to more sophisticated traders with its other account types, which offer access to more competitive pricing and advanced trading tools.

BDSwiss Pros and Cons

Pros Cons
  • Well designed proprietary platforms.
  • Good research and educational materials.
  • Good customer support.
  • Offers a range of third party platforms and tools.
  • Classic Account has wide spreads in some popular instruments.
  • High inactivity fees.
  • Does not accept clients from EU, UK and USA.

 

broker

This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

 

About the Author

Dan Blystone
Dan Blystone began his career in the trading industry in 1998. He worked as an arb clerk on the floor of the Chicago Mercantile Exchange (CME), flashing orders into the currency futures pits.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
BDSwiss Main Features
☑️
Regulations
FSC (Mauritius), FSA(SC) (Seychelles)
🗺
Supported Languages
English, Spanish, German, French, Portuguese, Italian, Greek
💰
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Crypto
💵
Min Deposit
$10
💹
Max Leverage
1:500 (FSC), 1:500 (FSA(SC))
🖥
Trading Desk Type
Market Maker, STP
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This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

BDSwiss Full Review

Trust

3.5
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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BDSwiss’s trust score is adversely affected by offshore regulators who provide fewer protection for traders than their tier-1 counterparts. The broker could also improve its transparency and the accessibility of vital information

In our trust category, we place most importance on how a broker is regulated. So let’s dive in and take a look at how the different entities of BDSwiss across the globe are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

The various global entities of BDSwiss are regulated by the following agencies:

Why is it important to know where your broker subsidiary (entity) is regulated?

The location of a broker will dictate the level of regulatory oversight and protections offered to investors. Due to a regulatory clampdown from tier 1 regulators such as the FCA, CySEC and ASIC, many brokers have moved offshore so it’s worthwhile doing your due diligence.

We look for several things when analysing the safety and trust of a broker. This includes:

  1. Segregation of client funds from company funds. Having client funds segregated from company funds is always important as you don’t want your broker to use your funds to run their business!
  2. A negative balance protection policy. This means that your account cannot go into a negative balance from adverse movements in the market.
  3. Compensation scheme. Does the entity or regulator provide access to compensation in the event a broker goes bust?
  4. Are additional safeguards put in place by the broker even when they are not required to do so? This is a great measure of just how serious your broker takes your safety!

Some financial regulators make it a regulatory requirement to offer some of these features, while others do not.

In the table below we break down the mandated protections and benefits by entity, regulator and region.

Entity BDS Markets BDS Ltd.
Country/Region Mauritius Seychelles
Regulation FSC FSA
Segregated Funds Yes Yes
Negative Balance Protection Yes Yes
Compensation Scheme No No
Standard Leverage 1:500 1:500

We checked the regulatory status of BDSwiss in December of 2021.

Stability and Transparency

In our tests for the Trust category we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company and how transparent they are in terms of information being readily available.

Founded in 2012, BDSwiss has a substantial operating history. The company page on LinkedIn states that there are 51-200 employees, reflecting a small to medium sized brokerage firm.

BDSwiss showed an average level of transparency in areas such as their regulatory status, fees and general background information. Information and materials are readily available on the website. The regulatory status of different subsidiaries is covered on the homepage of bdswiss.com. The Fees and Charges page clearly outlines costs. A Client Agreement (Terms of service) document is also available on the General terms and conditions page.

In summary, we rated BDSwiss as having a low to mid-level of trust and stability due to the following factors:

  • Is currently licensed under offshore regulators only.
  • All new clients are currently assigned to an entity regulated offshore.
  • Having a substantial operating history.
  • Being a relatively small brokerage.
  • Having an average level of transparency.

Fees

4.1
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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With a standard account (Classic) BDSwiss some trading costs and fees are high, while others are competitive. Lower trading costs are available through different account types.

With the Classic Account, BDSwiss earns money mainly from spreads (the gap between the bid and offer prices of an asset).

Trading Fees

Spreads at BDSwiss are variable, meaning that they fluctuate slightly. The size of the spread depends on the level of liquidity in the market. Liquidity describes the extent to which an instrument can be bought and sold quickly and without moving the market. Tighter spreads are typically seen when there is greater liquidity in the market.

We tested the spreads at BDSwiss across different asset classes in a live account using the WebTrader platform. The test was performed at 8AM GMT and at 3PM GMT on December 17th 2021. We made our tests at two different times to allow greater perspective. 8AM GMT is the London open, when there is a great deal of liquidity in the forex market and therefore tighter spreads in currency pairs. 3PM GMT is a quieter time, shortly before the opening of the New York stock exchange.

Instrument Live Spread AM Live Spread PM
EUR/USD 1.6 1.5
GBP/JPY 2 2
Gold (XAU/USD) 0.47 0.47
US Oil (USOIL) 0.118 0.119
Apple (AAPL) n/a 0.03
Tesla (TSLA) n/a 2.89
Dow Jones 30 (US30) 1.6 1.3
Dax 30 (GER30) 0.55 0.55

Spreads in some popular instruments (for example EUR/USD) are substantially wider than industry leaders, making it more expensive to enter and exit a trade. However, some instruments such as the Dax and Dow Jones 30 had quite competitive spreads in our tests.

Swap fees (the cost of holding a position overnight) were roughly average at BDSwiss.

Overnight fees (swap fees) are charged for CFD positions that stay open overnight and are relative to the value of the position. They are essentially an interest payment to cover the cost of the leverage that was used overnight.

In the table below you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of holding a sell position overnight) for one full sized contract. A full sized contract is 100,000 units of the base currency (the first currency quoted in the pair).

We recorded the data on December 15th 2021.

Instrument Swap Long Swap Short
EUR/USD Charge of $7 Charge of $0.50
GBP/JPY Credit of $1.20 Charge of $6.80

Non-Trading Fees

BDSwiss charges high inactivity fees. If your account is dormant for over 90 days, clients are charged a monthly account management fee of 10% of the account balance. A minimum of 25 EUR/USD/GBPand a maximum of 49.9 0EUR/USD/GBP is charged and deducted from the balance in the account.

BDSwiss does not charge any fees on deposits or withdrawals processed via credit card. However, for bank wire withdrawals equal to or less than 100 EUR/USD/GBP, BDSwiss will charge a 10 EUR/USD/GBP flat fee.

Are Fees at BDSwiss Competitive?

Overall, fees at BDSwiss are not very competitive for the Classic Account. Some spreads are rather wide and the inactivity fee is surprisingly high. The overnight fees were average. One bright spot was that spreads in certain assets such as indices were more competitive.

Platforms and Tools

3.9
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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BDSwiss offers a proprietary web based platform and mobile app, which is intuitive but lacks some popular features. The more sophisticated MetaTrader 4 and 5 platforms are also available to clients.

Web

BDSwiss WebTrader Platform

The BDSwiss WebTrader platform is accessible from all browsers and is available in over 20 languages. The platform has an intuitive, easy to use interface but is not very customizable. Basic order types are available, such as market orders, limit orders and stop loss orders. More advanced order types such as trailing stops are not available. Popular features such as 1-click trading and alerts are also not available via the web platform.

BDSwiss Trend Analysis Tool

A built-in trend analysis tool provides trading ideas by identifying chart patterns such as triangles and wedges. Charting within the platform is provided by TradingView, which has over 100 technical indicators and a broad range of drawing tools.

Desktop

BDSwiss MetaTrader 5 Desktop

BDSwiss offers the popular MetaTrader 4 and MetaTrader 5 platforms for desktop, which include advanced functions such as copy trading and automated trading.

MetaTrader 5 is available in 31 languages. The platform provides popular features such as:

  • Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, an email, or a push notification to a mobile device.
  • Watchlists. Traders can set up a list of their favorite instruments and follow live quotes in a panel called Market Watch.
  • One-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Being able to place a trade with a single click saves time and is especially useful for short term traders.
  • Trading from the chart. MT5 also allows users the convenience of trading directly from the chart.

Order Types

MetaTrader also delivers when it comes to the range of available order types. The following order types are available:

  • Market Order. This is an order to buy or sell an instrument at the current best available price.
  • Limit Orders. This is an order to buy or sell an instrument at a specified price or better.
  • Stop Loss Order. This is an order to buy or sell an instrument that is triggered when price reaches a specified level.
  • Trailing Stop Order. This is a stop loss order that can be set at a defined percentage or dollar amount away from an instrument’s current market price. It is used to secure profits when you are in a winning trade, while not having to exit the position.

Time in force conditions such as Good ‘Til Canceled (GTC) can be applied to pending orders.

Charting

Charting features are robust. MetaTrader offers:

  • 38 technical indicators. These include classic trend indicators, volume indicators and oscillators.
  • 44 analytical objects. These include lines, channels, Gann and Fibonacci tools.
  • 21 time frames Each instrument can be displayed in nine time frames, from one minute to one month.
  • 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts and Line Charts.

Mobile App

The BDSwiss Mobile App has a clean and user-friendly interface. However, it only offers very basic functionality.

BDSwiss Mobile App

The BDSwiss Mobile app is intuitive and easy to navigate. The User Experience (UX) is positive as the app feels modern and up to date. Traders can use the app to follow various instruments sorted by asset class, keep track of their open positions, make trades and also fund their account.

Basic order types are available, such as market, limit and stop loss orders. The app does not offer time in force orders, such as Good ‘Til Canceled (GTC). Trailing stop loss orders are also not available.

Trading from the chart and 1-click trading are available on the app. Alerts, another popular feature, are not available.

Charts are good looking on the BDSwiss Mobile app but offer limited functionality. 2 types of charts are available (candlestick and area) across 9 different time frames. There are no technical indicators or drawing tools.

Order Execution

BDSwiss is a Market Maker and STP (Straight-Through Processing) broker and states that most trades are executed straight through liquidity providers. Market maker brokers set the bid (buy) and offer (sell) prices internally and automatically take the other side of a clients trade.

Tradable Instruments

4.4
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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BDSwiss covers a broad range of markets, including forex, stocks, indices, commodities and cryptocurrencies. Only 6 commodities are available to trade, but in other areas such as cryptocurrencies BDSwiss has a stronger variety.

CFDs (Contract for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at BDSwiss include the following CFDs::

  • 50 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example EUR/USD, which reflects the value of the euro measured in dollars.
  • 6 Commodities. Commodities are raw products, such as gold and oil.
  • 132 Stocks. BDSwiss offers trading in stock CFDs from exchanges ranging from the London Stock Exchange to the NASDAQ. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs you are speculating on the price of a stock without actually taking ownership of the underlying asset.
  • 10 Stock Indices. Available index instruments at BDSwiss range from the HKG50 to the FRA40. A stock index is a basket of shares that is used to gauge a market sector, stocks within an exchange or the economy of a country.
  • 19 Cryptocurrencies. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.

While a broad range of markets are available, some instruments such as bonds cannot be traded, and exchange traded funds (ETFs) are available only through the MT5 platform Below is a sampling of instruments across the various asset classes.

Major Forex Minor Forex
USD/CAD | USD/JPY | GBP/USD AUD/CAD | EUR/GBP | HKD/JPY
Stock CFDs Index CFDs
Walt Disney | CME Group | Deutsche Bank US30 | HKG50 | AUS200
Cryptocurrency CFDs Commodity CFDs
Doge | Iota | Bitcoin Platinum | Gold | Crude Oil
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

Customer Support

4.5
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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BDSwiss offers competent customer support via live chat, phone and email. Agents are available 24/5. We were pleased by the level of customer support received overall.

BDSwiss Customer Support

Replies to customer support inquiries were fast. With live chat, a bot tries to answer your question and then you can elect to speak to a live agent, which usually takes place right away. There was no wait time for phone calls and emails were replied to within a couple of days.

We tested support with a range of questions, ranging from easy (for example what is the minimum deposit to open an account?) to harder questions (such as how can I set alerts in MetaTrader?). Agents were helpful and most of the time knew the answers to our questions immediately. If they did not know they checked with a colleague and got back to us promptly. Overall, we judged the customer service to be solid and reliable.

BDSwiss Live Chat

Customer support is available 24/5 Assistance is available in English, Italian, Spanish, Portuguese, French, Arabic, German, and Greek.

Deposit and Withdrawal

3.9
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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BDSwiss does not charge for deposits or withdrawals processed via credit card, but for bank wire withdrawals equal to or less than 100 EUR/USD/GBP a fee is charged. This broker offers a broad range of deposit and withdrawal methods, a little better than average for the industry.

BDSwiss offers mostly free deposits and withdrawals, with the exception of bank wires under 100, where a 10 EUR/USD/GBP flat fee is charged. It is important to remember that the availability of deposit and withdrawal methods depends on the country or residence.

Deposits

Deposits are free at BDSwiss and funds are typically available immediately. Keep in mind that banks typically charge for sending wire transfers out. The following account funding methods are available:

Deposit Method Commission Processing Time
Visa/Mastercard 0% Immediate
Maestro 0% Immediate
Giropay 0% Immediate
Sofort 0% Immediate
EPS 0% Immediate
iDEAL 0% Immediate
Dotpay 0% Immediate
Skrill 0% Immediate
NETELLER 0% Immediate
Bank Wire 0% Immediate*
Online Banking 0% Immediate

* Bank wire deposits may take between 1-4 working days to reach BDSwiss and are processed immediately once they are received.

Withdrawals

Withdrawals at BDSwiss are processed within 24 working hours. The minimum withdrawal required via Bank Wire Transfer is 60 EUR/USD/GBP. The following withdrawal methods are available:

Withdrawal Method Commission Processing Time
Visa/Mastercard 0% 24 hours
Skrill 0% 24 hours
NETELLER 0% 24 hours
Bank Wire 0% 24 hours*
Online Banking 0% 24 hours
Skrill 0% Immediate

* When using a Bank Transfer, once the withdrawal is processed, it can take from 2-5 working days until the funds reach your account.

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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The account opening process at BDSwiss is fully digital and can be completed within about 20 minutes.

We opened an account with the offshore BDS Markets entity. To start out, prospective clients must enter their name, country of residence, date of birth, phone number and email. The phone number is verified via an SMS message. Along with personal profile information, individuals must upload documents to verify their identity and residential address and finally take a basic appropriateness test.

BDSwiss KYC Survey

The Know Your Customer (KYC) questionnaire aims to ensure that brokers understand the risk tolerance, investment knowledge, and financial position of prospective clients.

Available base currencies at BDSwiss (the currency in which your account is denominated) are EUR/USD/GBP for all accounts. The minimum deposit is 100 EUR/USD/GBP.

BDSwiss currently offers five main account types for forex and CFDs: Classic, Raw, VIP, Cent and the Premium account (available for specific countries).

In the table below, we cover the key features of each account.

Account Type Cent Classic Premium VIP Raw
Average Spread 1.5 (EUR/USD) 1.5 (EUR/USD) 1.1 (EUR/USD) 1.1 (EUR/USD) 0.3 (EUR/USD)
Commissions (per round lot) $0 on all pairs $0 on pairs $2 on indices 0.15% on shares $0 on all pairs $0 on pairs $0 on indices 0.15% on shares $5 on pairs $2 on indices 0.15% on shares
Availability BDS Markets (FSC) BDS Ltd (FSA) BDS Markets (FSC) BDS Ltd (FSA) BDS Markets (FSC) BDS Ltd (FSA) BDS Markets (FSC) BDS Ltd (FSA) BDS Markets (FSC) BDS Ltd (FSA)
Leverage up to 1:500 up to 1:500 up to 1:500 up to 1:500 up to 1:500
Available Markets Forex, Commodities Forex, Stocks, Indices, Commodities, Cryptos Forex, Commodities Forex, Stocks, Indices, Commodities, Cryptos Forex, Stocks, Indices, Commodities, Cryptos
Minimum Deposit 10€/$/£ 100€/$/£ 100€/$/£ 3,000€/$/£ 5,000€/$/£

StockPLUS

For investors focused on stocks, BDSwiss offers the StockPlus Account. This is available only for clients of the BDS Markets entity regulated by the FSC. The StockPlus account offers access to over 1000 stocks and ETFs, 0% commissions for unleveraged trades and leverage of up to  1:5. Eligible unleveraged positions can earn quarterly dividends.

The list below covers the key features of the StockPlus Account:

  • Minimum deposit: 200 $/€/£
  • Commission: Unleveraged Shares: $0 Leveraged Shares & ETFs: 0.1%
  • Available Leverage: 1:5
  • Platforms: WebTrader, MT5
  • Available Assets: 900+ Shares, 80+ ETFs
  • Dividends: Paid on unleveraged dividend-yielding shares

Leverage

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

BDSwiss’s clients are regulated by the Financial Services Commission of Mauritius (FSC) or by Seychelles Financial Services Authority (FSA), and have access to leverage of 1:500. This means that with an account of $1,000, you can control $500,000 worth of positions in the market.

The leverage available by asset at the offshore BDS Markets entity is the following:

  • 1:500 for forex.
  • 1:200 for gold.
  • 1:100 for indices.
  • 1:100 for commodities.
  • 1:5 for equities.

Leveraged trading comes with a very high level of risk and is a principle reason why the majority traders lose money.

Demo Account

BDSwiss offers an unlimited demo accountwith up to 1,000,000 €/$/£ of virtual money to help users practice trading risk free. Accounts can be funded with up to 1,000,000 €/$/£ of virtual money. This is especially important for beginners as it enables them to practice their strategies and get comfortable with the trading platform without risking any real money. Demo accounts are available using both MetaTrader 4 and MetaTrader 5 and can be used across different account types.

Islamic Account

Swap free Islamic accounts that adhere to the principles of Sharia law are also available.

BDSwiss Supported Countries

BDSwiss accepts clients from the majority of countries globally. However, BDSwiss does not accept traders from the following countries: Cyprus, Democratic Republic of Congo, Eritrea, Libyan Arab Jamahiriya, North Korea, Somalia, Sudan, United States, Belgium, Japan, Mauritius and the Seychelles. UK and EU based traders are also not currently accepted.

This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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BDSwiss offers a good range of research materials, including daily market analysis, webinars, a weekly outlook and special reports.

BDSwiss has a team of in-house analysts providing daily coverage of the market in both written and video formats. In addition, weekly outlooks and in-depth reports offer insights into the markets.

BDSwiss Forex Analysis Videos

BDSwiss provides a range of tools to help traders orient themselves in the market. These include an economic calendar, a trends analysis tool and a forex heat map showing the most traded currency pairs. BDSwiss provides frequently updated research materials of good quality, better than the industry average in our view. Materials can cater to both beginners and advanced traders.

Third party tools Trading Central and Autochartist are available to clients with balances above 200€/$/£

Education

5.0
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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BDSwiss provides robust educational materials via their Trading Academy, which includes courses, ebooks and live webinars.

BDSwiss Trading Academy

BDSwiss have gone the extra mile in the area of education with in-depth and frequently updated materials. They offer a wide range of resources including:

  • Forex Lessons: Covers material ranging from the basic, (such as What is a CFD), to more advanced topics, (for example Position Sizing).
  • Educational Live Webinars: Covers material such as the Fed Interest Rate Decisions and the Non-Farm Payrolls report.
  • Educational Videos: Includes a 10-course video series with Frank Walbaum.
  • Ebooks: These cover the Psychology of Trading and Technical Indicators.
  • Seminars: Trading workshops and seminars have been held across the globe from Ireland to Thailand.
  • 1 on 1 VIP Trading Coaching: Personal coaching is available to clients with VIP accounts.

We concluded that BDSwiss has a good range of educational materials catering to both beginners and advanced traders.

Third party tools Trading Central and Autochartist are available to clients with balances above €200.

Trading Central

Trading Central combines award-winning automated investment analytics and analyst research.

Popular features include:

  • Alpha Generation. A pack of three indicators that represent market psychology and assist with identifying new trade opportunities and potential entry/exit points.
  • Analyst Views. Offers directional guidance in real time based on the analysis from industry experts.
  • Adaptive Candlesticks. Scans for sixteen classic candlestick patterns, instantly on any chart.
  • Adaptive Convergence Divergence (ADC). Provides signals based on components including price lines, indicators and oscillators.

Trading Central offers materials useful to both beginners and experienced traders, ranging from basic market commentary to advanced technical tools.

AutoChartist

Autochartist is a software platform that automatically identifies and notifies traders on potential trade setups and entry opportunities across multiple markets.

Autochartist can alert users of chart patterns (such as Head and Shoulders), Fibonacci Patterns (from extensions to Gartley) and major horizontal support and resistance levels. Fundamental analysis tools that can provide stock valuations are also available. Autochartist is simple to understand and can be used by both beginners and advanced traders.

The Bottom Line

BDSwiss may have appeal for beginners with its easy to use proprietary platforms, solid customer service and abundant educational materials. However, BDSwiss has relatively high fees for Classic Accounts and clients outside the EU do not have the reassurance of strong regulatory oversight.

FAQ

Where is BDSwiss based?
BDSwiss headquarters are situated at Apostolou Andrea Street 11, Hyper Tower, 5th Floor, Limassol 4007, Cyprus.

Is BDSwiss safe?
BDSwiss client are currently registered under the offshore BDS Markets entity, which provides little regulatory protection.

How does BDSwiss make money?
BDSwiss makes money mainly through spreads, overnight swaps and miscellaneous items such as an inactivity fee.

How do I deposit funds in a BDSwiss account?
Deposits can be made via Visa, Mastercard, Maestro, Giropay, Sofort, EPS, Ideal, Dotpay, Skrill, NETELLER, Bank Wire Transfer and Online Banking (methods’ availability depends on the country of residence).

What is the minimum deposit for BDSwiss?
The minimum deposit is 100 EUR/USD/GBP.

How do I withdraw money from BDSwiss?
Withdrawals can be made via Visa, Mastercard, Skrill, NETELLER, Bank Wire Transfer and Online Banking (methods’ availability depends on the country of residence).

How long does it take to withdraw money from a BDSwiss account?
Withdrawals are processed within 24 hours. In the case of bank transfer it takes from 2-5 working days until the funds reach your account.

How much is the maximum leverage at BDSwiss?
The Maximum leverage is 1:500.

How can I open an account with BDSwiss?
An account can easily be opened online via the BDSwiss website and the process normally can be done within 15 minutes.

What platforms does BDSwiss offer?
BDSwiss offers the BDSwiss WebTrader Platform, the BDSwiss Mobile App, MetaTrader 4 and MetaTrader 5.

What are the withdrawal fees at BDSwiss?
BDSwiss does not charge a withdrawal fee, with the exception of bank wires under 100, where a 10 EUR/USD/GBP flat fee is charged.

Is BDSwiss good for beginners?
BDSwiss has an intuitive platform, good customer service and strong educational resources, making it a possible candidate for newbies to trading.

Does BDSwiss offer a demo account?
Yes, a demo account is available free of charge.

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This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.

See BDSwiss Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Mauritius
Foundation Year
2012
Regulations
FSC (Mauritius), FSA(SC) (Seychelles)
Publicly Traded
No
Number Of Employees
200+
Trading Desk Type
Market Maker, STP
Trading platforms
MT4, MT5, Proprietary, WebTrader
Restricted Countries
United States, Russian Federation, Belgium, France, Japan, United Kingdom, Czech Republic, Eritrea, Estonia, Finland, Germany, Italy, North Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Hungary, Norway, Poland, Romania, Greece, Vatican City, Albania, Slovakia, Somalia, Sweden, Slovenia, Switzerland, Seychelles, Ukraine, Denmark, Serbia, Mauritius, Libya, Netherlands, Portugal, Ireland, Spain, Austria, Sudan, Bosnia and Herzegovina, Bulgaria, Congo, Croatia, Cyprus
Supported Languages
English, Spanish, German, French, Portuguese, Italian, Greek
Min Deposit
$10
Max Leverage
1:500 (FSC), 1:500 (FSA(SC))
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, iDeal, Sofort, Giropay
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller
Cryptocurrencies
Bitcoin Cash, Bitcoin, Ethereum
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
No
Managed Account
No
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