Overall, BDSwiss can be considered well established, low-risk regulated market maker/STP broker. BDSwiss has more than 1.5 million registered accounts with 55+ million trades executed per year. BDSwiss has a trust score of 91 out of 100.
BDSwiss at a glance
| Broker’s Name | BDSwiss |
| 📅 Year Founded | 2012 |
| ⚖️ Regulating Authorities | FSC, FSA |
| 🚀Account Types | Cent, Classic, Premium, VIP, Raw, InvestPlus |
| 📈Tradable assets | Forex/Currency Pairs, Commodities CFDs, Indices CFDs, Stock CFDs Cryptocurrency CFDs |
| ☪️ Islamic account (swap-free) | Yes, available on the Classic and VIP account
Swap-free only for 10 calendar days |
| 👍 Demo Account | Free demo account with $10 000 / ZAR 160 000 virtual credit. Available on Classic, VIP and RAW account |
| ✴️Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | Up to 1:500 and 1:1000 on the Premium account |
| 💰 Minimum Deposit | Starts from $10 (ZAR 160) for the Cent Account / $100 (ZAR 1 600) for Classic & Premium / $3000 for VIP (ZAR 48 000) / $5000 (ZAR 80 000 ) for Raw & $5000 (ZAR 80 000 ) for InvestPlus account |
| 💱Deposit Currencies | USD, EUR, PLN, CHF, SEK, DKK, ZAR, SEK, CHF and NOK |
| 🔸Spreads | Spreads starts from 1.5 pips |
| 🔆Fees | Overnight fee, Currency conversion fees, Inactivity fee, Deposit and Withdrawal fees on Bank wire |
| 🔎Commissions | No commissions on Crypto, Forex and Commodity Pairs. Other CFDs incl. Indices = Fixed commission fee applies |
| 💳 Deposit Options | Credit Card, Mastercard, Sofort Western Union, Skrill, Ideal, EPS, Giropay Postepay, Dotpay Webmoney |
| 💳 Withdrawal Options | Credit Card, Mastercard, Sofort Western Union, Skrill, Ideal, EPS, Giropay Postepay, Dotpay Webmoney |
| 💰Bonus Options | No Sign-up bonus, welcome bonus, referal bonus or trading bonus. |
| 💻 Platform Types | MT4, MT5, Proprietary BDSwiss WebTrader, BDSwiss Mobile app |
| 📱 OS Compatibility | PC, Mac, Applications or Web platform |
| 🌐 Countries not accepted for trade | Belgium, Congo, Cyprus, United States, India, Democratic Republic of Congo, Eritrea, Libyan Arab Jamahiriya, North Korea, Somalia, Sudan, Canada, Russia, Japan, Mauritius, Seychelles, Malaysia, India. |
| 👨💼 Languages supported on Website | English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malay, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian |
| 👥 Customer Support Languages | Most of the above |
| 🎓Education | Videos, BDSwiss trading academy, webinars, |
| 📆 Customer Service Hours | 24/5 |
👉 BDSwiss is regulated by very strict regulators namely FSC in Mauritius and the FSA in Seychelles.
👉 BDSwiss is an award-winning global broker.
👉 BDswiss offers traders the opportunity to trade an array of financial instruments such as currencies, stocks, commodities, indices, and more. In addition, BDSwiss also has a few trading platforms that can be used by traders.
👉 The offering and trading conditions provided by BDSwiss are competitive, although the spreads for assets depend on the current market conditions. Despite this, BDSwiss makes provision for variable spreads.
BDSwiss Review – 16 Key Point Quick Overview
- ✔️BDSwiss at a glance
- ✔️Safe or Scam?
- ✔️BDSwiss Pros and Cons
- Leverage
- Account Types
- Market Instruments
- Fees
- Deposit and Withdrawal
- Trading Platforms
- How to open a BDSwiss Account
- Customer Support
- Education
- Research
- Awards
- Conclusion
- Frequently Asked Questions
Safe or Scam?
⚖️ BDSwiss complies with a very strict regulatory framework. Its services are operated on a global scale under different entities, licenses and regulations.
BDSwiss Regulation
| ⚖️Regulatory Authority | 🗺️Country | 🔢 Licence/Reg No |
| FSC | Mauritius | 116016172 |
| FSA | Seychelles | SD047 |
✔️ BDSwiss keeps client funds in segregated accounts amidst other ways of protecting clients which include ensuring a safe trading environment and legal compliance by investors.
BDSwiss Pros and Cons
| ✔️ Pros | ❌ Cons |
| Strictly regulated | Not an extensive selection of cryptocurrencies |
| Comprehensive and competitive trading conditions despite lack of bonuses and rewards | Welcome bonus, deposit bonus, no deposit bonus and no other broker bonuses offered with first time sign up |
| Massive variety of tradable options | No trading bonus for loyal customers |
| Platforms offer lots of advanced features for technical analysis and decision-making | No referral bonus offered |
Leverage
BDSwiss Leverage on market instruments
| 🌐Financial Instruments | ⬆️Maximum Leverage |
| 📈Forex | Up to 1:500 |
| 🔸Commodities | Up to 1:00 |
| 📊Indices | Up to 5% |
| ₿ Shares and Cryptocurrencies | Up to 1:500 |
👉Working with leverage is a tricky business as it may raise the potential gains when using higher levels of leverage, but in turn, it may also increase the risks that may lead to losses that can exceed the trader’s initial deposit.
👉 Various regulations have updated restrictions on maximum leverage allowed and depending on where the clients reside, they may only be able to access lower ratios.
👉 Maximum leverage is 1:500
👉 The maximum level of leverage is not determined by any of the accounts available, but can vary depending on the financial instrument that is traded, for example:
Account Types
📣 Traders with BDSwiss have a choice between 6 accounts, namely the Cent, Classic, Premium, VIP, Raw and InvestPLUS accounts. Every account type has its own set of features and conditions e.g. minimum deposits, trading instruments, maximum leverage, and spreads for seamless trading.
Cent Account
| 💠Feature | 📈BDSwiss |
| Minimum Deposit | $10 = ZAR 160 for traders in South Africa |
| Instruments traded | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| Maximum Leverage | Up to 1:500 |
| Spreads | Starts from 1.5 |
👉 The welcome new addition to the list of accounts available for trading with BD Swiss is the Cent Account.
👉 The Cent account was specifically created to allow any traders the opportunity to invest small amounts in markets across the globe and to experience trading with BDSwiss.
👉 One of the big advantages of the Cent account is that it allows professional and beginner traders the opportunity to carry out transactions and strategies that are accurate with an extremely lower risk percentage than normal.
👉 Traders who wish to trade with the Cent account can set out to do so with a minimum deposit of only $10 /ZAR160 for traders in South Africa.
Classic Account
| ✴️Feature | 📈BDSwiss |
| Minimum Deposit | $100 = ZAR 1600 for South African traders |
| Instruments traded | Forex, Commodities, Cryptocurrencies |
| Maximum Leverage | 1:500 |
| Spreads | From 1.5 pips on EUR/USD |
👉 In addition, the Classic Account has access to MT4, MT5, BDSwiss Mobile App as well as Web Trader.
👉 Although there are some restrictions on the trading tools for the Classic Account, traders still have access to educational resources as well as trading calculators and others.
👉 Hedging is allowed with this type of account and there is an option for an Islamic/Swap-free account.
Premium Account
| 🟩Feature | 📈BDSwiss |
| Minimum Deposit | $100 = ZAR 1600 for traders in South Africa |
| Instruments traded | 70+ Assets that include forex, energies, precious metals |
| Maximum Leverage | Up to 1:1000 |
| Spreads | Starts from 1.1 pips |
🔥 The Premium account launched as recently as 2021 serves to cater to the needs of high-risk appetite traders.
🔥 One of the main features of this account is its staggering leverage of up to 1:1000 while spreads start from as low as 1.1 pips and $/€/£0 commissions on more than 70 assets.
🔥 With this account BDSwiss succeeded in catering to the demands of its traders who are well aware of the risks involved in CFD trading, but who would still like to enjoy the flexibility that high leverage can afford in low volatility market conditions.
👉 In addition the Premium account has the following features:
- Contract size: 1 lot (for fx pairs), 100oz/bbl (for Gold/Oil)
- AutoChartist
- Spreads: from 1.1 pips (for fx), 30 pips (for Gold & Oil)
- Min. lot: 0.01
- Max. lot: 2 per trade
- Max. no. of positions: 40 (note: Max number of open positions including pending limit orders is 300 across all accounts)
- Max. individual trade size: 2 lots
- Stop out level: 20%
- Hedging: allowed
- Scalping: allowed
- Symbols: 50+ forex symbols, Gold, and Oil
VIP Account
| 🔷Feature | 📈BDSwiss |
| Minimum Deposit | $3000 = ZAR 48 000 for traders in South Africa |
| Instruments traded | CFDs, Commodities, CryptocurrencyEnergiesETFsForexIndicesPrecious Metals, Stocks/Shares |
| Maximum Leverage | 1:500 |
| Spreads | Spreads from 1.1 pips EUR/USD. |
👉 The basic features on this account are like that of the Classic account such as the instruments, min and max lot size, leverage, the option of an Islamic account, and so on.
👉 In addition, this account has the following added features:
- Access to real-time trading alerts
- AutoChartist
- Daily Analysis and Hot Assets Email
- One-on-one VIP Trading Session
- VIP Educational Material
- Free Access to all seminars
- VPS Service
- Access to a dedicated Account Manager, and
- Transactional requests priority
Raw Spread Account
| 🔶Feature | 📈BDSwiss |
| Minimum Deposit | $5000 = ZAR 80 000 for South African traders |
| Instruments traded | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| Maximum Leverage | 1:500 |
| Spreads | From 0.0 pips EUR/USd |
👉 In addition to classic account features that form the foundation of all the account types, there are some exceptions when using a Raw Spread account.
👉 One of these is that the Raw Spread Account does not allow for the use of MetaTrader5 as a trading platform, although traders who use this account still have access to:
- Free educational resources
- Trading calculators
- Daily Analysis as well as Hot Assets Email
- Live Webinars
- VPS Service, and
- Hedging is allowed
👉 Unfortunately, with the Raw Spread account, there is no Islamic/Swap-Free option for Muslim clients.
👉 It is important to note that they each depend on the trading volume and there are differences in features offered such as financial instruments, access to historical tick data, and VPS access.
InvestPlus Account
| 🟩Feature | 📈BDSwiss |
| Minimum Deposit | $5000 = ZAR 80 000 for South African traders |
| Instruments traded | Shares, Stocks, ETFs |
| Maximum Leverage | 1:5 |
| Spreads | n/a |
👉 The InvestPlus account is only available under the FSC regulated entity of BDSwiss.
👉 It is only featured on the MT5 platform.
👉 The InvestPlus account differs from other BDSwiss trading accounts as it allows for direct market access to more than 1000 stocks and ETFs as CFDs
👉 The minimum deposit required to open this account is a high $5000 /ZAR 80 000, for traders in South Africa, but commissions are slightly lower at $0.1 per lot.
Market Instruments
BDSwiss offers a wide selection of financial trading instruments. Forex traders in South Africa can now look forward to seamless trading through CFDs on stocks from major European and American markets. BDSwiss trading products can be grouped into six categories:
| 🌟Market Instruments | 📈BDSwiss offering | 🔢Max Leverage |
| 📈Forex | 50 Currency pairs to trade with standard lots | 1:500 |
| 📶Commodities CFD | CFD trading on Silver, Platinum, NGAS, USOIL | 1:10 |
| 🔥Stock CFDs | More than 120 stock CFDs | 1:50 |
| ✔️Index CFDs | 10 Major indices of American & Europeean markets | 1:20 |
| ₿Cryptocurrency CFDs | 20 Pairs | 1:5 |
| ♾️ETFs | 80 ETFs through InvestPlus Account | 5:1 |
Fees
👉 BDSwiss does not charge deposit or withdrawal fees on credit card transactions.
👉 For bank wire withdrawals equal to or less than 100 EUR, a 10 EUR flat fee will be charged.
👉 A Fixed fee of 10 EUR when withdrawals are either equal to or less than 20 EUR. This also applies to bank wire withdrawals that are equal to or less than 100 EUR.
👉 There are fees that are applicable that pertain to overnight charges, should there be positions that are held open overnight – this is not applicable to Islamic/Swap-free accounts.
👉 Should the trader’s account currency be different from the currency in which deposits are made, the conversions will be made using standard rates.
👉 Variable spreads are charged on forex, crypto, and commodity pairs which will be determined depending on the type of account the trader uses. In addition, there is a fixed commission fee on indices and shares charged according to the trader’s type of account.
👉 BDSwiss also charges traders an inactivity fee if the account is inactive for over 90 days. The fee of 10% will be deducted from the trader’s account should this occur.
Deposit and Withdrawal
BDSwiss offers traders a variety of 150+ payment methods that can be used when making deposits and withdrawing funds, such as:
- Credit Card
- Mastercard
- Sofort
- Western Union
- Skrill
- Ideal
- EPS
- Giropay
- Postepay
- Dotpay
- Webmoney
👉 When opening an account with BDSwiss, the minimum deposit amount which is required starts at only $10 for the Cent account and $100 for the popular Classic and Premium accounts. When comparing the minimum amount to those offered by other brokers, even when just opening a Classic account, this is relatively low, also considering what BDSwiss has to offer.
👉 When making withdrawals, traders need to take note that there is a minimum withdrawal amount of $100 or 100 EUR on bank transfers and a minimum of 20 EUR on credit cards. There is a fee of $10 or 10 EUR which will be deducted if the amount is less than indicated.
Trading Platforms
✔️ BDSwiss offers traders a choice between using MetaTrader4, MetaTrader5, BDSwiss WebTrader, and BDSwiss Mobile Trader.
MetaTrader4
This is the leading trading platform in the world and allows traders of all levels of experience to feel comfortable and secure when using it.
MetaTrader4 offers the following features:
- An interface that is customizable and easy to use
- Newsfeeds on the platform that are updated frequently
- Analytical tools that are pre-programmed
- Ability to overlay analytical studies
- Various options available for charting and analysis
- Multi-language features, and more
MetaTrader5
While MetaTrader4 is the most popular platform, MetaTrader5 is the most advanced as it contains all the features that MetaTrader4 has, but with an array of added features unique to this platform, such as:
- More timeframes and charting options than MetaTrader 4
- Multi-asset trading up to +1000 CFDs (under FSC)
- The trader has access to their account and history
- Daily account statements
- Internal mailing system
- Automated trading with EAs
- 100 charts can be displayed simultaneously
- More than 80 technical indicators along with 40+ analytical objects
- MQL5 development environment, and more
BDSwiss WebTrader
This is BDSwiss’s own in-house trading platform that has been designed specifically for the various needs of a growing client base. This trading platform offers a trading environment that is not only unparalleled but accessible from all browsers along with operating systems.
The BDSwiss WebTrader has the following features to offer:
- Order window that is intuitive
- Available in more than 20 different languages
- The interface is clean and highly user-friendly
- Trading that is secure and transparent on any device
- Full synchronization with the BDSwiss application and MetaTrader 4
- Order execution, which is fast, without re-quotes, and more
BDSwiss Mobile App
This mobile app is available for download from both AppStore and Google Play on mobile devices such as smartphones and tablets. Using the mobile app, traders can have the world of trading in the palm of their hand, at any given time, from anywhere in the world.
The BDSwiss Mobile App has the following features:
- Quotes in real-time
- Charts that are interactive
- An interface that is clean and user-friendly
- Full history of both trading and transactions
- The ability to deposit and withdraw funds
- Account set up along with KYC Verification
- Trading of Cryptocurrency pairs 24 hours a day, 7 days a week
How to open a BDSwiss Account
Opening an account with BDSwiss can be done in 4 easy to follow steps:
1. Step 1 – Go to the BDSwiss website to sign up.
You can click on any buttons on the website to go to the registration page.
2. Step 2 – Fill in your personal details as requested.
Provide your personal information in order to complete the registration process.
3. Step 3 – Submit document requests for validation.
This is a mandatory step for all traders to complete the registration process.
4. Step 4 – Receive your login credentials
Upon approval, you will receive the login credentials to start trading with your newly created BDSwiss account.
Customer Support
🔥 When comparing the support and means to contact BDSwiss as compared to that of other brokers, it shows the level of commitment that BDSwiss has in allowing for communication and feedback via more convenient channels other than telephone or email.
👉 BDSwiss offers customer support that is offered in numerous languages, each provided with its own telephone number.
👉 Clients can also complete the online contact form, or they can make use of the Live Chat function and call 24/5
👉 BDswiss also has a FAQ section covering a variety of topics and possible questions that clients may have.
Education
👉 BDSwiss offers educational tools based on beginner-, intermediate and advanced levels of trading experience:
- Forex Glossary
- Forex Basic Lessons
- Educational Series Webinars
- 1 on-1 VIP Sessions available to Classis/VIP account holders)
- Market News and articles
- Seminars (Only available to Black VIP account holders)
Research
BDSwiss offers traders a vast amount of research tools that can be used in trading, such as:
- Daily Market Analysis
- Weekly Outlook
- Technical Analysis
- Markets Insights and Special Reports
- Classic and InvestPlus Accounts have limited access
- Classic account holders gain access with a $500 deposit/ VIP & Raw have full access/ N/A to InvestPLUS
- Access to an economic calendar, Currency Heatmap, and Trading Calculators
Awards
🏆BDSwiss has won numerous awards over the years including:
- Best Trading App 2018
- Best Trading App 2019
- Best Trading Conditions 2019
- Best trade Execution 2019
- Best Partnership Program Asia 2020
- Best FX and CFDs Provider 2020
- Best Trading Conditions 2020
- Best Market Research Provider 2020
- Best Partnership Programme 2020
- Best Mobile Trading Platform Europe 2021
- Best FX Research & Education Provider 2021
Conclusion
👉Overall, BDSwiss can be summarised as a trustworthy and credible broker that is very competitive in terms of trading fees against major currency pairs. BDSwiss has ultra-low spreads, affordable commissions, excellent liquidity, and rapid execution.
👉Not only is it a reputable, award-winning, and strictly regulated broker, but it offers traders an array of options that is highly likely to suit traders on every level of experience with a variety of needs and expectations.
👉BDSwiss has a very low minimum deposit compared to other brokers, but it also has an outstanding and competitive offer with regard to spreads, commissions, and other trading conditions.
👉 BDSwiss also offers traders an array of trading instruments along with a great choice in trading platforms, which will cater to all types of traders.
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Frequently Asked Questions
What leverage does BDSwiss offer?
BDSwiss leverage goes up to 1:500, and even as high as 1:1000 with spreads starting low at 1.1 pips on the new Premium account.
Can I lose more money than I deposit with BDSwiss?
Not as a client of BDSwiss. Negative balance protection applies.
What currencies can I use when trading with BDSwiss?
BDSwiss offers you a choice between USD, EUR, PLN, CHF, SEK, DKK, ZAR, SEK, CHF and NOK.
What is the time zone used by BDSwiss?
UTC +1. Prices displayed in the MT4 platform refer to the server time of UTC +2. During summer both time zones change to UTC +2 & UTC +3.
Is my personal information safe with BDSwiss?
Yes, all BDSwiss client data is encrypted using state-of-the-art security software. Your data is highly protected and kept strictly confidential.
Featured SA Shares Writer and Forex Analyst.
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