BDSwiss Review

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BDSwiss are an award-winning broker that give you access to the global markets with top class trading conditions. You can trade a decent selection of over 250 financial instruments on a generous choice of powerful desktop trading platforms and mobile apps. If you like market analysis then you will be pleased with the excellent analytical tools that are included free of charge. For those of you who are beginners, you will find an impressive amount of educational materials to help you understand more about trading online and free demo accounts are available. I think they can be a decent choice of broker for anyone who wants to trade manually or copy signals of other traders for a more hands-off approach.

Summary

BDSwiss is an online trading broker providing services to millions of traders across the globe. Founded in 2012 in Zurich, Switzerland, they have grown into one of the leading financial institutions in Europe that specialises in online trading products and services.

They provide you with CFDs on a limited range of around 250 instruments across markets such as Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals & Energies. This is not the greatest amount I have come across. Brokers such as IG have over 17,000 tradeable instruments available to help put things into perspective for you.

The broker takes great pride in having some of the most reliable trading conditions that you can find anywhere. They give you state of the art trading platforms and have an excellent customer support team on hand to help as and when needed. Based on my research, they are one of the largest brokers in terms of registered accounts and trading volume.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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Regulation

BDSwiss are part of a worldwide operating group with its head offices in Zug, Switzerland. The BDSwiss Group has licenses and registrations in multiple jurisdictions. Such regulation helps to give me peace of mind that I will be dealing with a secure and trustworthy broker. However, you must still be aware of the signficant risks that are involved with trading online.

• BDS Markets is authorised and regulated by the Financial Services Commission (FSC) of Mauritius
• BDSwiss Holding Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC)

As a regulated investment firm, they are obliged to adhere to all of the relevant laws and regulations regarding the offering of investment services, the exercise of investment activities and the operation of regulated markets.

Funds

BDSwiss do not hold client funds in the same bank accounts as the company. They are segregated in top tier banks to ensure that they cannot be used for any other purpose such as operational costs. Client funds should be readily available to withdraw in a prompt and efficient manner.

Security

All client data is encrypted using state-of-the-art security software and kept strictly confidential without being passed onto third parties. These security measures I would expect to be in place with every broker.

Countries

BDSwiss welcomes clients from all over the world, although they cannot accept traders from the UK, USA, Europe and some OFAC sanctioned countries. This is due to regulatory restrictions in these regions. If your country is not accepted, please feel free to browse our broker reviews for some other options.

Platforms

BDSwiss give you access to the markets via the very popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are my platforms of choice and have been for many years. They are available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). If you want something different, they also have their very own award winning BDSwiss web and mobile platforms. Just keep in mind that if you do use a proprietary platform and switch brokers down the line, you will have to learn another platform from scratch. One of the main advantages of MetaTrader, is that you can find it provided by most brokers, including Axiory.

MT4 & MT5 Platforms

MetaTrader 4

MT4 was developed by trading software company MetaQuotes and is considered to be one of the best platforms for CFD trading. MetaQuotes have continued to invest in platform development, testing and improvements, all of which help make MetaTrader one of the most advanced trading platforms available.

The BDSwiss MT4 has been optimised with advanced technology to help improve its overall functionality. I dint actually notice much of a difference from any other brokers MT4. I think that this platform if suitable for traders of all experience levels. I find it has an intuitive user interface and plenty of features for a comfortable trading environment.

MetaTrader 4 (MT4)

Some of the MT4 features that you may find useful include real time quotes, customisable charts, multiple timeframes, technical indicators, different trade order/execution types, alerts, news feeds, automated trading and many more. Most of the tools you will need for conducting thorough market analysis and trading are in place. You can also get plenty more free and paid tools from within the platform’s marketplace.

MT4 is free to download for desktop and available as a mobile app on both Android and iOS. This is useful for those of you who need to trade on the go from anywhere in the world with an internet connection. I find myself constantly checking my trading apps to keep track of my positions.

MetaTrader 5

MT5 is the successor to MT4 and a more advanced version of the popular trading platform. Whilst I think that the overall interface and feel of the platform is very similar, there are a few extra features including more advanced trading tools and indicators to assist with your market analysis and trading.

Extra features include the ability to display 100 charts simultaneously, advanced order types, over 80 technical indicators, over 40 analytical objects, multiple charting/analysis options and more timeframes. BDSwiss clients can have an enhanced trading experience with MT5 and also an extended number of trading instruments in more markets, with multi-asset trading on more than 250 CFDs.

MetaTrader 5 (MT5)

MT5 is free to download for desktop and available as a mobile app on both Android and iOS. This is again useful for those of you who want to trade anywhere at any time. You can check your account from the sofa, bed or beach.

Whilst I think MT4 will be sufficient enough for most traders, those of you who are looking to diversify into other markets or need to conduct more complex analysis, you may want to consider MT5 as an alternative.

BDSwiss Mobile App

The exclusive in-house developed BDSwiss Mobile App has previously won the best trading app award at the mobile star awards. I found that it has a user-friendly interface that allows you to efficiently open and manage your positions whilst on the go. You can also benefit from the same features and trading tools that are available on the desktop platform for monitoring markets.

BDSwiss Mobile App

You are able to access your account dashboard for withdrawals and deposits. All assets are supported including forex, CFDs & cryptocurrencies. The mobile app is available for download on both Android and iOS from the relevant app stores. Overall, I thought the app made placing and managing trades easy but found some features that I like to use in the MetaTrader app were missing.

BDSwiss WebTrader

The exclusive in-house developed BDSwiss WebTrader focuses on simplicity, speed and reliability, allowing you to trade from all browsers and operating systems without installing or running any additional software. This is great as it means the platform can be accessed from anywhere and is always up to date.

BDSwiss WebTrader

I found the WebTrader is packed with features, including a vast array of trading tools, indicators, automated trading and order window. It is available in over 24 languages and fully synced with the BDSwiss App & MT4.

I personally wouldn’t choose this platform over MT4 simply because I need to run automated trading systems. MT4 supports this with expert advisors. I also wouldn’t want to master a broker’s own platform as it can be annoying having to learn all over again from scratch if I was to switch providers. At least with MT4, I know that it is quite commonplace.

Tools

I found there to be a good selection of useful trading tools to help with your day trading activities. These tools can be used for market analysis as part of your own trading strategy or to generate signals for you to copy. It you like to have as many tools at your disposal as possible, perhaps take a look at JFD Brokers as they have a good selection.

BDSwiss Daily Trading Alerts

You can get free real-time trading alerts on key assets via their Telegram channel. These alerts provide buy or sell signals including stop loss and take profit levels. You can view the track record of the trade alerts. Be wary that past performance is by no means a guarantee of future performance. I would not blindly take any signals and do my own analysis to confirm every trade.

The trading signal service is exclusive to BDSwiss black account holders. To receive the signals, you need to download the Telegram app and request to join the VIP alerts Telegram channel. I think it would be great if they could offer this service to all clients.

Autochartist

You can use the integrated fully automated technical analysis software Autochartist. This brilliant software scans the market 24 hours a day for trading opportunities and sends you an alert when it finds them. It can scan all markets across multiple timeframe and save you the time from having to do so. Autochartist has a wide range of educational materials to help you understand how to use it, including user manuals, a quick start guide, videos, e-courses and eBooks.

Autochartist

I really like this tool and think it is fantastic for tracking instruments for customised trading signals. I don’t always want to sit around watching charts and waiting for setups, so this saves valuable time. If you can also see the benefits, other broker including Tickmill also have it available for you use.

Trading Opportunities

You can set visual and audio alerts when a trading signal is found.

Market Reports

Choose to receive daily market updates from your preferred assets directly into your inbox.

Intraday Scanning

This feature can send early signals of possible trading opportunities as the day progresses.

Forecast Zones

Autochartist can automatically display a forecast zone of the price levels expected to be hit.

Volatily Analysis

This gives an insight into the volatility of different assets, showing which are more or less volatile.

Video Tutorials

The video tutorials show how to incorporate the Autochartist chart patterns and technical analysis into your trading.

Chart Patterns

You can get instant visual and audio alerts on newly formed chart patterns or chart patterns pending completion.

Performance Reports

These statistics allow you to review the success rate of previous signals.

Fibonnaci Patterns

You can get instant visual and audio alerts on newly formed Fibonacci patterns or Fibonacci patterns pending completion.

Economic Calendar

The economic calendar displays the latest economic news releases along with the level of impact they are expected to have. You can filter the results based on date, category, country and impact. News releases are often used as part of fundamental analysis. I check it most days so I know what is happening in the financial markets and if I need to act on it.

Education

The BDSwiss Trading Academy has a wealth of educational resources to help you increase your trading knowledge. There are video courses, articles and webinars for all levels of trader. I think the academy could be great for those of you who have no prior experience. If you want even more learning resources, I recommend taking a look at the excellent variety that FXTM have.

Trading Academy

The main trading academy is split into 3 courses for beginner, intermediate and advanced traders. Each course contains videos and a quiz to test yourself at the end.

BDSwiss Trading Academy

Economic News & Articles

BDSwiss frequently update the market news and articles areas of their website which include detailed insights into different markets. These insights can be used to help keep up to date with the latest market happenings and to identify potential opportunities.

Webinars

I think it is good that there are frequently run expert-led webinars where you can increase your trading knowledge. Webinars cover a range of topics suitable for all levels of traders. Topics range from chart analysis to developing trading strategies and more. There are also hundreds of previously recorded webinars available completely free of charge. This means that you can browse through them in your own time without needing to commit to the live webinar which could be an issue depending on your time zone.

VIP Trading Coaching

If you are a BDSwiss black account holder then you can request 1 on 1 coaching with a professional analyst. You can choose the trading topic, time and date.

Glossary

There is a glossary that contains the most important trading terms and definitions to help improve your trading terminology.

Markets

BDSwiss have a limited choice of 250+ instruments in multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. Whilst there are probably enough instruments for the average retail trader, those of you who want a larger selection could consider Freedom24 instead.

Forex Pairs

There is 50+ FX currency pairs including major, minor and exotic crosses. I think forex traders would be content with the number of forex trading instruments available.

Commodities

There is a wide range of commodities to choose from. You can trade commodities including gold, oil, natural gas and more.

Equities

You can trade shares on some of the best performing companies listed on listed on 4 international exchanges. There is a large range of more than 140+ to choose from.

Indices

You can trade indices with more than 10+ of the world’s major stock indices are available, with competitive trading conditions.

Cryptocurrencies

There is a large selection of over 20 crypto pairs, enabling you to trade cryptocurrencies such as Bitcoin and Ethereum. If you primarily want to trade cryptos, then Vantage may also be worth checking out.

Accounts

BDSwiss has 3 main account types for you to choose from. I like how each account has been built to cater to the needs of both beginner and advanced traders alike. The available accounts are the standard, raw and black. The minimum deposit required to open an account is $200. This isnt too bad but not as low as TD365 who have a $1 dpeosit requirement.

Basic Account

This is the standard introduction account for those of you who want to see what they have to offer. Average EURUSD spread starts from 1.5 pips and there is no commission charged. The minimum lot size is 0.01 and maximum lot size 50 with leverage up to 1:400 available. I thought the spreads were quite high on this account even though there is no commission fee it could still work out more expensive in the long run.

Raw Spread Account

This is the most popular account, most likely because it has low spreads which is can be important those of you who are trading forex. Average EURUSD spread starts from 0.4 pips and there is a competitive commission fee. The minimum lot size is 0.1 and maximum lot size 50, with leverage up to 1:400 available. It is worth noting that raw spreads only apply to forex, metals and energies.

Black Account

This account is for high volume traders and comes with some exclusive benefits including VIP trading alerts, VIP support, VIP 1 on 1 coaching and a free VPS for eligible clients. Average EURUSD spread starts from 1.1 pips and there is no commission charged. The minimum lot size is 0.1 and maximum lot size 50 with leverage up to 1:400 available. I actually think the spread is quite high for a VIP account but then again, zero commission fees can make up for that.

Islamic Account

Islamic swap fee accounts are available upon request. This is useful if you are a Muslim trader and cannot pay interest due to your religious beliefs.

Demo Account

Demo accounts are also available if you wish to test the different trading platforms and conditions before opening a real account. Nearly all brokers have some form of demo account and I would always test them before making a commitment.

Account Signup

There is a short form that they estimate takes around 49 seconds on average to complete. You just need to enter a few basic details and then verify your email address. After that you will need to upload a proof of identification and address such as a passport and utility bill. Once the accounts team have verified your documents, you can then fund your account and commence trading.

Support

There is a multilingual customer support team on hand 24/5 to answer your questions and assist you. Customer support is provided via online chat, telephone and email. I found support to be respectful and respond in good time. If you would prefer 24/7 support, then Trading 212 have got your covered.

Funding

When you signup to BDSwiss, you will have a personalised and secure client portal from where you can make deposits and withdrawals using a range of convenient methods including bank transfer, credit card and popular online payment processors such as Skrill and Neteller. This is a decent range but not quite on par with the great selection over at FXPRIMUS.

SSL

The broker uses the internationally accredited security system, Secure Sockets Layer (SSL). This system automatically encrypts all Internet processed credit card payments. You will receive an immediate notice if the browser does not support this protocol.

Fees

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant. There are zero fees on deposits with credit card or electronic wallets. The average withdrawal speed is 5 hours.

Currencies

Accounts can be opened in a reasonable choice of currencies including USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could provide some more currency options such as the JPY.

Conclusion

Putting it all together, I like that BDSwiss give us access to trade some of the most popular instruments in a regulated environment. You can choose between the industry standard MetaTrader 4/5 platforms, both which deliver a user-friendly and sophisticated trading experience.

There are some handy tools to help you with analysing the markets and discovering potential trading signals. I think it is good that there are account types for different trading styles and various convenient funding options. Those of you who are new to trading can learn from a wealth of educational content including video tutorials, webinars and real time expert analysis.

I also like how they take a client focused approach and provide you with 24/5 multilingual support. You can even get dedicated personal account managers to help you on your trading journey.

$200

BDSwiss are an award-winning broker with a generous selection of 250+ tradeable instruments. They provide powerful trading platforms with additional trading tools and plenty of educational materials.

76.8% of retail investor accounts lose money when trading CFDs with this provider.

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