This review is not intended for European traders.
Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
BDSwiss is a multi-asset broker offering a wide range of services to ensure you can find the best fit for your trading style. There are five accounts to choose from, three different trading platforms, and an impressive in-house designed trading App. Extensive regulatory protection is provided whichever account you use, and the Forex Fraud analysts rate BDSwiss as a trusted broker.
The success of this approach is best demonstrated by the fact that the platform now supports more than 1.5 million registered traders worldwide. That large number is because all the major markets are covered, including forex, commodities, indices, stocks, and cryptocurrencies. Leverage terms vary from country to country, but some clients can take advantage of scaling up to 1:500leverage. The T&Cs on the accounts are impressive enough, with some trading spreads being as tight at zero pips.
|Range of Markets||⭐⭐⭐|
The trading experience at BDSwiss will be very familiar to those who have used the MetaTrader MT4 and MT5 platforms. These two dashboards are the most popular in the world thanks to their excellent charting and analysis tools, compatibility with automated and robo-trading, and the potential to configure functionality to personal preference. They are also known for facilitating some of the fastest trading in the industry. BDSwiss has set up its trading infrastructure to make the most of the low latency potential of the platforms.
The BDSwiss platform has recently benefited from a makeover and has a slick, crisp aesthetic and signing up is quick and easy and completed in a matter of minutes. Behind this impressive interface sit a range of consumer protection measures and the latest tech security features to ensure safe user experiences.
The comprehensive approach of BDSwiss is possibly best reflected in the categories in which it has won awards. In 2021 it picked up industry prizes relating to market research, educational materials, and its mobile trading App. They are backed up by 2020 awards relating to best trading conditions, CFD products, and partnership programmes.
- “Best Trading Conditions 2020” by World Finance
- “Best Partnership Program 2020” by Global Banking & Finance Review
- “Best Market Research Provider 2020” by FXScouts Awards
- “Best Mobile Trading Platform Europe 2021” by Global Banking & Finance Review
- “Best FX Research & Education Provider 2021” by World Finance
- “Best Market Research Provider 2021” by FXScouts Awards
Whatever market you want to trade or the type of account you want to set up, BDSwiss is in an excellent position to support your trading and get you off on the right foot. Trading profit and loss can come down to having a trading setup that fits your approach and lifestyle. The versatility offered by BDSwiss is a big plus point in terms of helping you get things just right.
BDSwiss as a brand was established in 2012 and since then has provided competitive pricing and fast execution on more than 1000 underlying instruments. Markets available to trade include stocks, ETFs, and CFDs, including forex, shares, commodities, and indices. It’s a one-stop-shop for traders because it can support long-term investing and short-term trading strategies.
BDSwiss is the brand name of BDSwiss Group, which was initially based in Switzerland but has now branched out to operate globally. The exact entity you sign up with, and the regulatory body overseeing your trading, depends on where you live. Some of the T&Cs will also vary due to your location. BDS Ltd is headquartered in Seychelles, and the firms in the group are regulated by different financial authorities, including the FSA and FSC.
BDS Markets is authorised and regulated by the Financial Services Commission (FSC), Mauritius, under licence number C116016172.
BDS Ltd is authorised and regulated by the Financial Services Authority (FSA) Seychelles under licence number SD047.
Firms within the BDSwiss Group, trading as BDSwiss, Swissmarkets and BDS Trading, are not permitted to provide regulated financial services to residents of the United Kingdom. BDSwiss.com is operated by BDS Swiss Markets Global Services Ltd, the primary payment provider and website operator. BDS Swiss Markets Global Services Ltd is acting on behalf of its related company, BDS Markets.
Spreads & Leverage
This is an area in which BDSwiss is particularly strong. The exact terms vary from account to account, and as there are five different accounts to choose from, running a direct comparison can be challenging.
The Raw account has spreads starting from 0 pips in the major forex pairs. There is no spread manipulation, and trading commissions start at $0. The average spread recorded in EURUSD is an impressively low 0.3 pips, but this account does have a $5,000 minimum opening balance requirement
The BDSwiss Classic Account allows you to trade using some of the most favourable conditions. These include super-tight bid-offer spreads, with the average on EURUSD being 1.5pips. There are no fees on cash deposits, no restrictions on what strategy you might want to trade, minimum slippage and ultra-fast order execution.
The VIP Account continues the theme. It is ideal for those looking to make cost savings on large trades with spreads as tight as 1.1 pips but can use leverage up to an eye-watering 1:500. This account does have a minimum account opening requirement of $3,000, but clients get access to the whole suite of BD service options, including a dedicated account manager.
BD Swiss introduced a Premium account in 2021 to serve high-end traders. It offers leverage up to 1:1,000 and a range of other neat features. It has a minimum opening balance requirement of 100 USD/EUR/GBP.
A tell-tale sign that a broker is confident about its pricing is when it displays all the costs in a highly transparent manner. The table of fees provided by BDSwiss ticks that box with all the incremental fees being laid out, as well as the bid-offer spread. This is a clear sign that BDSwiss are happy their pricing schedule will attract new clients, and the further good news for traders is that it makes calculating the cost-benefit of strategies a straightforward task.
Platform & Tools
MetaTrader platforms still provide the benchmark by which other platforms are measured. The crisp aesthetic and intuitive functionality are yet to be equalled, and the razor-sharp graphics take chart analysis to the next level.
The platforms can be easily adjusted to fit personal preferences. An almost limitless number of trading indicators can be added to the standard package, which comes with the below tools as default.
- +80 technical indicators – these include classic trend indicators, volume indicators and oscillators
- +40 analytical objects and charting tools, including lines, channels, Gann and Fibonacci tools
- +20-time frames from one minute to one month. So that you can set your trading to work on short or long periods.
- +3 chart types: Bar Charts, Japanese Candlestick Charts (Heiken Ashi) and Line Charts
The platforms can be set to various language options, and risk management features such as stop losses, take profit orders, trailing stops, and GTC (Good Till Cancelled) orders are all available. This impressive range of features means traders can optimise their trade entry and exit points without watching the markets 24/7.
The MetaTrader platforms are so widely used that an online community has sprung up to help users share ideas on how to get the most out of the platforms and the markets. BDSwiss has also engaged the services of several third-party analysis services, which are provided to clients to help them improve their chances of success.
BDSwiss’ Autochartist is a powerful market analysis tool that automatically identifies and notifies traders on potential setups and trade entry opportunities. It can be applied to hundreds of the different markets offered by BDSwiss and can be a time-saver thanks to the program working on an automated 24/7 basis.
Trading Central is a comprehensive suite of trading tools that offer traders the latest market insights. It uses AI indicators, trade pattern recognition technology, and analyst research to spot trading opportunities. Features to take advantage of to improve your trading returns include:
- Analyst Views: A unique tool that offers traders a directional perspective on the markets. It uses a combination of automated algorithms as well as in-house expert opinions.
- Market Buzz: An AI-based newsfeed which provides traders with the latest market news. It’s filtered according to what topics are trending and allows you to keep up with the hot markets of the moment.
- Labs Newsfeeder: All the news, from all the major financial news providers, in one simple feed.
- Technical Insights: Pricing analytics and real-time market quotes across various asset classes.
BDSwiss offers all Trading Central market analysis tools free to all traders with a live account.
BDSwiss Mobile App
Mobile trading Apps have revolutionised the investment industry. They allow traders to trade when on the move and provide a way to trade that fits their lifestyle. The BDSwiss App is well designed and has a functionality that makes it ideal for beginners and experienced traders.
It is highly intuitive and super-responsive and can be used to trade the markets or carry out maintenance on your account. Signing up for a new account at BDSwiss can be done using a handheld device. Other features of the service include real-time market data, interactive charts, educational services, Live Chat customer support and trade execution. All of this is backed up by two-factor authentication.
Commissions & Fees
BDSwiss’ position as the trader’s friend is enhanced by the broker’s approach to administrative fees. There are, in total, more than 150 different ways to fund your account, and each of them comes with no transaction charges being applied by BDSwiss.
It is also worth noting that instant transfer payments made to BDSwiss accounts are available immediately, so if you select that method, you can start trading instantly.
The user-friendly and cost-effective approach also applies to withdrawals. BDSwiss offers instant withdrawals for up to 2,000 € / $ / £ in size and charges $0 fees on all credit card withdrawals.
Compare BDS Ltd with other approved brokers
|Regulation||CySEC (Cyprus), FSC (Mauritius), FSA (Seychelles)||ASIC, MiFID, FSA, FSCA||FCA, CySEC, DFSA, BaFIN, SCB, CMA & ASIC||FSPR|
|Customer Support||email, phone, live chat||email, phone, live chat||email, phone, live chat||email, phone, live chat|
|Trading Platforms||MT4, MT5, WebTrader, Mobile Apps||MT4, MT5, Mobile App||MT4, MT5, cTrader||MT4, MT5, WebTrader, Mobile Apps|
|Minimum Deposit||10€ / $ / £ (depends on account type and region)||$100||$200||$200|
|Leverage||1:1000 (depends on account type and region)||400:1||1:30||1:500|
|Total Currency Pairs||50+||55||62||72|
The BDSwiss library of educational resources is a standout feature of the platform. Whether you are a complete newbie or an experienced trader looking for new strategies, there is something for you.
The materials are eBooks, educational videos, live tutorials, seminars, and ‘how to trade’ style guides.
BDSwiss Trading Alerts
The BDSwiss Trading Alerts function offers new clients the chance to receive direct and exclusive trading ideas. These are provided by BDSwiss’ professional traders who share market insight and ideas on when to buy and sell. Setting up to receive Telegram messages is quick and easy and an excellent way for beginners to draw on the experience of others.
The Trade Companion service is an excellent tool for those looking to improve their performance returns. Developed by BDSwiss, it is offered exclusively to the broker’s clients. The clever software provides a detailed breakdown of trading history and performance. It gives an analysis of total pay-outs, trading frequency, trade duration, trading volumes, and win/loss ratio. The service can be set to various timeframes and provides insightful feedback on where your trading is going well and not so well and how it can be improved.
The step up to becoming a global broker has been complemented by BDSwiss offering 24/5 multilingual support. Being able to contact high-quality and readily accessible customer support can make a difference to your trading bottom line, so BDSwiss’ coverage is a real positive for the broker.
The support is provided around the clock and in more than 20 different languages. It can be accessed via live web and mobile chat, email or a toll-free phone number.
BDSwiss has come a long way in a relatively short time, but the development has been well thought out, and all the neat features improve the service offered to the many clients. Some of those features can only be found at BDSwiss, so setting up a Demo account to try out the service is recommended, even if it’s just to experience how good the trading experience can be.
The basics are also covered. Trading costs are super-low, the platforms on offer are first-rate, and the regulatory structure is strong enough for ForexFraud to confirm BDSwiss is safe. The broker offers a comprehensive and cost-effective service to those just starting out in trading, but there is enough room to grow. The more experienced traders will likely find a lot of benefits from using the third-party research and analysis tools.
BDS Ltd (Registration No. 8424660-1) is authorised and regulated by the Financial Services Authority (the “FSA”, licence no. SD047). Registered address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.
BDS Markets is an investment firm incorporated in the Parliamentary Republic of Mauritius (Company Number: 143350). It is authorised and regulated by the Financial Services Commission of Mauritius (FSC) under License Number: C116016172. Registered address: BDS Markets, 6th Floor, Tower 1, Nexteracom Building 72201 Ebene – Mauritius. Please review the company policies regarding the regulation.
Firms within the BDSwiss Group, trading as BDSwiss, Swissmarkets and BDS Trading, are not permitted to provide regulated financial services to residents of the United Kingdom.
How can I open a Demo account with BDSwiss?
It takes moments to set up a Demo account at BDSwiss. Once done, you can enjoy the benefits of the live platform and practise trading using virtual funds. Demo accounts are a great way to familiarise yourself with trading before using real cash and also allow you to test-drive a broker.
What fees does BDSwiss charge?
The exact T&Cs of each of the five accounts are clearly laid out. Headline rates such as bid-offer spreads are as low as zero, and the absence of transaction fees on cash deposits and withdrawals is another nice-to-have feature.
How can I change leverage with BDSwiss?
Leverage terms are fixed and set in line with the conditions stipulated by the regulator. Some BDSwiss account holders can take advantage of leverage rates as high as 1:500.
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