BDSwiss Review
Review Summary
BDSwiss is a regulated and user-friendly broker offering a variety of trading platforms, competitive spreads, and excellent educational tools. However, higher deposit requirements for VIP and Raw accounts and fees for inactivity and overnight trades may be drawbacks for some traders.
BDSwiss is one of the popular brokers in the financial market. They offer different types of trading, such as Forex, commodities, indices, and cryptocurrencies. In this BDSwiss review, we’ll look at everything you need to know about the platform so you can decide if it’s the right broker for you.
BDSwiss Overview
BDSwiss was founded in 2012 and is regulated by several authorities, such as the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Mauritius. This ensures that BDSwiss operates under strict financial regulations to protect its clients.
BDSwiss offers trading services to both beginners and experienced traders. With their easy-to-use platform, various educational tools, and fast customer service, they have gained a good reputation in the trading world.
Trading Platforms Offered by BDSwiss
BDSwiss offers three main platforms to suit different types of traders:
- BDSwiss WebTrader: This is a browser-based platform. It’s perfect for those who want to trade without downloading any software. The platform is user-friendly and suitable for both new and advanced traders.
- MetaTrader 4 (MT4): This is one of the most popular platforms in the trading world. MT4 offers advanced trading tools and a customizable interface for those who want more control over their trades.
- MetaTrader 5 (MT5): An upgrade from MT4, MT5 offers more features, such as additional timeframes, more technical indicators, and the ability to trade on more markets.
Account Types
BDSwiss offers different account types to cater to traders with different needs:
- Basic Account: Ideal for beginners, this account requires a minimum deposit of $100. You can access all the main trading instruments with this account.
- Raw Account: This account is designed for traders who prefer lower spreads. The minimum deposit is $5,000, but in return, you get access to raw spreads from the market.
- VIP Account: For advanced traders, this account comes with a $3,000 minimum deposit. It offers tighter spreads and access to special features like one-on-one sessions with experts.
BDSwiss Fees and Spreads
BDSwiss offers competitive spreads, especially on the VIP and Raw accounts. The spreads vary depending on the asset being traded. For example, Forex trading spreads can go as low as 1.1 pips for the Basic account. The Raw account offers even lower spreads, but you will have to pay a small commission per trade.
There are also swap fees for overnight trades, and you should keep an eye on the inactivity fees if you don’t trade for a long time.
Leverage
BDSwiss offers leverage based on the trader’s location and the account type. For retail clients in Europe, the maximum leverage is 1:30. However, professional clients and traders from other regions can access leverage as high as 1:500. Keep in mind that while higher leverage allows for bigger trades, it also increases the risk of losing money.
Customer Support
One of BDSwiss’s strong points is their customer support. They offer multilingual support 24/5 through live chat, email, and phone. They also have a detailed FAQ section on their website to help you find answers quickly.
Education and Tools
BDSwiss offers a variety of educational resources for traders. They provide webinars, tutorials, and trading courses that can help beginners understand how to trade better. They also have tools like an economic calendar, news updates, and market analysis to help traders make informed decisions.
Is BDSwiss Safe?
BDSwiss is regulated by respected financial authorities, which makes it a safe choice for traders. They follow strict rules to protect your money, including keeping clients’ funds in separate accounts. Additionally, BDSwiss is a member of the Investor Compensation Fund (ICF), which means your deposits are protected up to a certain amount in case the broker faces financial difficulties.
Pros and Cons of BDSwiss
| Pros | Cons |
|---|---|
| Regulated by multiple authorities | Higher minimum deposit for VIP and Raw accounts |
| Offers a variety of trading platforms (WebTrader, MT4, MT5) | Swap fees for overnight positions |
| Competitive spreads, especially on VIP and Raw accounts | Inactivity fees if no trades are made for a long time |
| Good customer support with multilingual options | |
| Great educational resources for beginners |
Pros:
- Regulated by multiple authorities
- Offers a variety of trading platforms (WebTrader, MT4, MT5)
- Competitive spreads, especially on VIP and Raw accounts
- Good customer support with multilingual options
- Great educational resources for beginners
Cons:
- Higher minimum deposit for VIP and Raw accounts
- Swap fees for overnight positions
- Inactivity fees
Final Verdict
BDSwiss is a solid choice for both beginners and experienced traders. They offer a wide range of trading instruments, competitive fees, and excellent customer support. While their VIP and Raw accounts may have higher deposit requirements, the benefits, such as lower spreads, make it worth considering for more serious traders.
If you’re just starting, the Basic account is a good way to get your feet wet. With its easy-to-use platform and helpful educational tools, BDSwiss could be the right broker for you.
