BDSwiss Review – Why You Should Consider Signing Up With This Broker

BDSwiss Review
  • Broker Rating
4.3

Summary

Read our BDSwiss review and learn why we recommend this broker for online trading. BDSwiss is a great trading platform that offers features and services that suit traders from different backgrounds.

BDSwiss Review

BDSwiss logoBDSwiss is a forex broker that will enable you to make an informed decision about the firm. In addition to its trading platform, its login process, and its account types, which offers unique opportunities for trading. BDSwiss review shows that it distinguishes itself from competitors.

BDSwiss website

Trading Platforms

In addition to the MetaTrader4 and MetaTrader5 trading platforms. BDSwiss also offers the natively developed WebTrader and a mobile app that enables clients to create an account, make deposits, trade, and withdraw all from their iOS or Android devices. Aside from offering the most basic MT4/MT5 versions, the Autochartist plugin is optional for MT4, but traders must download any other Expert Advisors and plugins separately. In addition, the system offers a variety of upgrades for free, but the upgrades experienced traders need may be more expensive.

A further issue is that the MT5 platform lacks backward compatibility, making it a less convenient option for traders whose solutions were developed using the MT4 infrastructure. While BDSwiss Webtrader has been positioned as a multi-featured platform, it lacks automated trading capabilities. MT4/MT5 browsers are therefore more capable. Automated trading is generally marketed through pending orders, which fails to encompass the essence of this emerging market.

BDSwiss trading platform

Account Types

BDSwiss currently provides three main account types: Classic, Vip, and Raw, to satisfy the requirements of different forex traders, including lower prices for smaller transactions and more advanced services for larger ones. As opposed to Classic and Vip accounts based solely on spreads, Raw accounts are based on commission per lot and interbank spreads.

In addition to the Classic and Premium account types, BDSwiss offers two additional types of accounts under BDS Markets, an FSC-regulated entity.

Alternatively, StockPlus Account is another option, only available under FSC.

StockPlus is a BDSwiss account that provides clients with the opportunity to create a diversified portfolio with over 1000+ world-leading stocks and ETFs. In addition, DMA offers 0% commissions for investing in unleveraged stocks and a 1:5 leverage option for trading stocks and ETFs. Among the three currencies, you will be able to choose from when opening your trading account are the Euro (€), the US Dollar ($), and the British Pound (£), the latter of which means you won’t be charged currency conversion fees. In contrast, the account balance cannot drop below zero since negative balance protection has been implemented.

Demo Account

Also, BDSwiss offers a Forex or CFD “Demo Account” that allows new and inexperienced traders to practice on a free demo account with virtual balances ranging up to 100,000€/$/£. Clients of BDSwiss can gain access to any account type offered by the company, including Classic, Raw, VIP, Premium, and Cent (under FSC only). In addition, they can open a Demo Account to learn about the tools, conditions, and spreads available to them.

Customer Support

Its offers a multilingual customer support service available via email, telephone, Telegram, WhatsApp, or live chat; a callback service is also available. Generally, BDSwiss appears to be a well-managed brokerage, and traders shouldn’t have much trouble dealing with it. Accessibility is a top priority for this broker if the need arises.

Deposits and Withdrawals

Traders have a variety of options for depositing funds. In addition to traditional bank wire transfers and credit/debit cards, it also accepts Skrill, Neteller, PayPay, giro pay, Sofort, ePay, iDeal. Deposit amounts vary based on the selected deposit method. The immediate processing time only refers to payments from BDSwiss (via payment processors); bank wires usually take 4 to 7 business days to reach their destination. According to regulatory requirements, trading and deposit accounts must have identical names. Requests for withdrawals are handled internally within twenty-four hours.

Bonuses and Promotions

Since European regulations prohibit bonuses and exclusive promotions, BDSwiss cannot offer them in Europe. However, there are frequent referral competitions and competitions based on trading volume for non-EU clients registered under FSC Mauritius.

Conclusion

The BDSwiss review shows that the company grew its client portfolio to over one million clients. A global proposal suited for worldwide clients is offered with stable trading conditions. The broker employs Swiss expertise in finance and provides trading access to almost anyone in the United States since they are regulated by the EU authority and have other registrations.