Is BDSwiss scam or safe broker? Is BDSwiss regulated? Is BDSwiss ECN or STP? What is the BDSwiss minimum deposit? Is BDSwiss suspended?
In this BDSwiss review, I will introduce all details about the broker. If you are wondering about BDSwiss minimum deposit, BDSwiss account types, regulation, spreads, leverage, BDSwiss minimum withdrawal, platforms and bonuses, you are in the right place to find them all.
I reviewed BDSwiss based on the following criteria.
- Multilingual Customer Service
- MT4 and MT5 available
- Has 4 Licenses
- Limited Product Portfolio
- No Bonuses
What is BDSwiss?
What is BDSwiss?
BDSwiss has established its brand and opened Berlin offlice in 2012, In 2017 BDSwiss reached 900,000 registered user. In 2018 They increased their trading volume by 138% and they reached 1 million registered users. In 2019, their trading volume increased by 217% and they reached 1.8 million registered user.
Is BDSwiss regulated?
They obtained CySEC licence (No 199/13) and opened Cyprus office in 2013. BDSwiss registered with NFA (ID: 0486419) in 2015, They obtained FSC license and opened mauritius office in 2016.
BDSwiss has also obtained FSA license (No SD047) and opened Seychelles office in 2020. Apparently they will continue growing when considering the momentum they have after their establishment.
Account Types, Spreads and Leverage
BDSwiss Account Types, Spreads and Leverage
BDSwiss offers its clients two account types. These are BDSwiss STP standart account and BDSwiss ECN account. However, before proceeding with BDSwiss real account you can start with BDSwiss demo account just to get a sense whether it’ll be worth it or not.
BDSwiss give you the chance to choose one of 3 different account types which are Classic, VIP, and Raw accounts. Each one of them has its characteristics as well as advantages and disadvantages so you can comprehent which one is best for you.
with BDSwiss Classic account, you will get 24/5 support, daily analysis, free live webinars, limited access to trading alerts, basic access to autochartist. Also, you will have the opportunity to enroll trading academy.
with BDSwiss VIP account, apart from Basic account priviliges, you don’t pay any commission on indices, you get priority services, you have a personal account manager, you have an access to exclusive webinars, and you get VIP Trading alerts via Telegram.
BDSwiss Raw Account you have as same priviliges as the VIP account but it differs in terms of commission and spreads. Also, Raw account isn’t an Islamic account, take note of that.
BDSwiss’s Leverage is up to 1:500.
What is the difference between ECN and STP BDSwiss Accounts?
The difference between ECN and STP is, on the ECN account, there is a commission per transaction; whereas on a standard account, you will be charged on spread. Both accounts work out similar in cost so it is all dependent on what you as a trader prefer.
However, BDSwiss offers average spreads in the market. On average you can get EUR/USD for about 2 pips. In BDSwiss Classic account, it’s 1.5 pips; whereas on BDSwiss VIP account, it’s 1.1 pips. So it’s good offers.
BDSwiss offers MT4 and MT5 options for its clients. Which is good because having an option to choose is always preferrable for the customer so you can choose which trading platform to use when trading. If you’re comfortable with MT4 you don’t have to choose MT5 and still can trade efficiently and and vice versa for MT5.
What is the Difference between MT4 and MT5?
- Pending Orders Types: With MT4 you may have 4 pending order types at most, while it’s 6 at MT5.
- Technical Indicators: MT4 has 30 technical indicators for detecting patterns in the price dynamics, while MT5 has 38 technical indicators for that.
- Graphical Objects: MT4 has 31 graphical objects which can detect trends, cycles, support/resistance levels, etc, while MT5 has 44 graphical objects.
- Timeframes: In MT4, you can use 9 time intervals, while in MT5 you can use 21 of them.
- Economic Calendar: MT4 has no such component, while you can use it in MT5
- Community Chat: Only in MT5 you can chat with other traders in the platform.
- Email System: In MT5 you can use attachments when sending an email.
BDSwiss offers variety of CFD options available for trading. Those are Forex, Commodities, Indices, Crypto, Equities, Trading Times.
With BDSwiss, you can trade 51 different Forex pairs.
Also you can trade 8 different commodities including but not limited to Brent, Gas, Oil, Gold, Silver.
Moreover, you can also trade 10 different world market indices.
In addition to all those above, BDSwiss gives you the option to trade cryptocurrencies as well; you have 20 different investing options including bitcoin, dash, eos, ethereum, litecoin, iota, etc
Last, you can trade 135 different equities from US, UK, France, Germany, Netherlands, Spain, and Switzerland
What are BDSwiss Fees?
BDSwiss Spreads are variable and said to be average in compare with many forex firms in the market. It is about 1.5 pips for the average EUR / USD STP account. As I mentioned earlier, the ECN account has a $ 5 commission per lot, which is a better option for professionals, but can be used for anyone as a reference
What is the Minimum Deposit For JP Markets?
BDSwiss’s minimum deposits depend on which account type you trade with. In Classic account, minimum deposit is $100. VIP account minimum deposit is $3.000. Raw account minimum deposit is $5.000.
BDSwiss Bonuses and Promotions
I have dived into their website and found no information regarding their bonuses and promotions except if you’re partner. They have a partnership program if you’d like to participate. Go ahead and learn the details if you’re interested.
BDSwiss Deposit and Withdrawal Methods
BDSwiss deposit methods are Visa, Mastercard, Maestro, Giropay, Sofort, EPS, ideal, dotpay, Skrill, Neteller, Swift Transfer and Online banking. You have to login to client portal and select the account you wish to make a deposit, then select your deposit methods.
But wary, deposits can only be made from the client portal and deposit method and trading account must have the same name. For example, you can’t make a deposit outside the client portal, you can’t use another person’s credit card, etc.
Deposits are instantly processed normally. It means as soon as you make a deposit it will be in your trading account in seconds; however if you’re using Swift bank transfer, process time may take between 1-4 days
Withdrawals are processed within 24 working hours by BDSwiss. That means you cannot complete a withdrawal on weekends. You can get your withdrawals through Visa, Mastercard, Skrill, Neteller, Swift bank transfer and online banking.
For withdrawals, receiving costs are covered by BDSwiss and you don’t have to pay a commission fee when receiving a money.
Is BDSwiss Suspended?
No, it’s not suspended.
Customers can call the firm from 7 different local numbers during. You can reach them from the following numbers:
- BDSwiss German Speaking Customer Service: +49 3021446991
- BDSwiss English Speaking Customer Service: +44 2036705890
- BDSwiss Italian Speaking Customer Service: +39 0689970124
- BDSwiss Spanish Speaking Customer Service: +34 910756937
- BDSwiss French Speaking Customer Service: +33 187211366
- BDSwiss Greek Speaking Customer Service: +30 2111984082
- BDSwiss Potuguese Speaking Customer Service: +35 1308810611
If you don’t prefer calling you can also mail them. BDSwiss contact email address is email@example.com or you can start a live chat from their website.
BDSwiss’s registered address is 6th Floor, Nexteracom Building, Ebene, Mauritius
In my opinion, BDSwiss is a little above-average CFD broker. In my review I have not found any serious disadvantage. However I can’t say “go ahead an open an account immediately” Truth, they’re better than most of the other brokers but I believe there are others which have better trading conditions. If you have lots of free time you can dive into the internet and find them; but if you don’t have time BDSwiss might be a right fit for you.
Why I’m telling you that they might be right fit for you is because the awards they collect over the last 2 years.
BDSwiss has collected most important finance awards in the last 2 years, including “Best Trading Conditions” Award two year in a row, “Best Trading App” Award 2 years in a row. Other awards are as follows:
If you wanna try and check them out, you can reach BDSwiss Login Page by clicking the button below. Hope you informed with this review.