BDSwiss Review

Richard Montana | May 12, 2022

BDSwiss are a multi-regulated and 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.

Broker Pros / Cons
  • Leading trading platforms in MT4/MT5
  • Decent choice of financial instruments
  • Commission free accounts available
  • Free VPS if you trade enough volume
  • Daily trading alerts & signals
  • Trading academy to help educate beginners
  • Autochartist for scanning markets
  • Live & recorded webinars
  • Regulated brokerage firm
  • Free demo accounts
  • Swap-free Islamic accounts
  • Does not accept clients from some countries such as the UK & USA
  • No fixed spread accounts
  • Restricted leverage for EU clients
  • No managed accounts
  • No FIX API access
  • No crypto funding options
  • No 24/7 support

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.

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.

  • BDSwiss LLC is authorised and registered with the United States National Futures Association (NFA).
  • BDS Markets is authorised and regulated by the Financial Services Commission (FSC) of Mauritius.
  • BDSwiss Holding PLC is authorised and licensed by the Cyprus Securities and Exchange Commission (CySEC). BDSwiss GmbH is the registered tied agent of BDSwiss Holding PLC in Germany.
  • BDSwiss Holding PLC operates under the Markets in Financial Instruments Directive (MiFID) which increases the transparency across the European Union’s financial markets and standardizes the regulatory disclosures required for particular markets.

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

BDSwiss Group Licenses & Registrations

BDSwiss Group Licenses & Registrations

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, Belgium 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

MT4 & MT5 Platforms

MetaTrader 4

MT4 was developed by Russian 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)

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)

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

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

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 Bank 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.

BDSwiss Daily Trading Alerts

BDSwiss Daily Trading Alerts

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 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

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.

Economic Calendar

Economic Calendar

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

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.

BDSwiss Webinars

BDSwiss Webinars

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 Freedom Finance instead.

BDSwiss Trading Assets

BDSwiss Trading Assets

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 instruments available.

Commodities

There is a wide range of commodities to choose from 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

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 market-leading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, Dash and more. 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.

BDSwiss Basic Account

BDSwiss Basic Account

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.

BDSwiss Raw Spread Account

BDSwiss Raw Spread Account

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.

BDSwiss Black Account

BDSwiss Black Account

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.

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 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.

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.

BDSwiss Registration Form

BDSwiss Registration Form

FAQ

What is the BDSwiss minimum deposit?

The BDSwiss minimum deposit amount is $200.

How do I deposit money into BDSwiss?

You can deposit money into your BDSwiss trading account using wire transfer, credit card, and online payment processors, such as Skrill, Neteller, iDeal, Sofort, Giropay, and more.

What are BDSwiss deposit fees?

BDSwiss does not charge any fees on deposits processed via credit card. Please note that for bank wire withdrawals equal to or less than 100 EUR, BDSwiss will charge a 10 EUR flat fee.

How do I withdraw money from BDSwiss?

You can withdraw funds from your BDSwiss account through wire transfer, credit card, and online payment processors, such as Skrill, Neteller, iDeal, Sofort, Giropay, and more.

What are the BDSwiss withdrawal fees?

BDSwiss does not charge any fees on deposits processed via credit card. Please note that for bank wire withdrawals equal to or less than 100 EUR, BDSwiss will charge a 10 EUR flat fee.

What is the BDSwiss commission fee?

BDSwiss charges low commission fees, ranging from $0 to $4.

Are there any BDSwiss inactivity fees?

Yes, BDSwiss does charge inactivity fees on dormant accounts. If no trading activity occurs for over 90 days, a monthly fee of 10% will be deducted from your account balance.

What are the BDSwiss account types?

BDSwiss offers three main live trading account options to cater to the trading needs of both beginner and advanced traders. The available account options include Standard, Raw and Black accounts.

Is there a BDSwiss demo account?

Yes, BDSwiss provides clients with a demo account. The demo account option is designed to help new clients get acquainted with the broker’s platform before funding their live trading accounts with real money. It is designed to simulate a real trading environment closely based on the actual market.

What are the BDSwiss spreads?

BDSwiss has low variable spreads starting from 1.5 pips.

What is the BDSwiss leverage?

BDSwiss has a leverage of up to 1:400 leverage for those who qualify.

Do BDSwiss allow hedging, scalping, news trading & automated trading?

Yes, BDSwiss do not impose any specific restrictions on trading styles. Therefore, all trading strategies and styles are welcome, including automated trading, hedging, and news trading.

Is there a BDSwiss Islamic account?

Yes, BDSwiss offers an Islamic swap-free trading account. The BDSwiss Islamic accounts are swap-free as no interest or rollover fee is charged when positions are kept open overnight.

What are BDSwiss trading instruments?

BDSwiss offers the following trading instruments: forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, and CFDs.

How do I open a BDSwiss live account?

You can open a BDSwiss live trading account by completing the short form that is provided on the broker’s website.

How do I verify my BDSwiss account?

You can verify your BDSwiss account by providing proof of identification and up-to-date proof of address, no more than six months old.

What is BDSwiss’s trading platform?

BDSwiss provides clients with MT4 and MT5 trading platforms. These advanced trading platforms are developed to help clients trade multiple financial instruments with ease. The trading platforms are available on desktop, web, and mobile apps for iOS and Android. In addition, BDSwiss also offers the proprietary BDSwiss trading platform, which is available in web and mobile versions.

Where can I download the BDSwiss platform?

You can download the BDSwiss trading platforms directly from the broker’s website or the relevant iOS and Android app stores.

Where is BDSwiss located?

BDSwiss is located in the following countries: Cyprus, Mauritius, and Seychelles.

Is BDSwiss regulated?

Yes, BDSwiss is authorized and regulated by several strict regulatory authorities, including CySEC, FSC, and NFA.

What countries do BDSwiss not accept?

BDSwiss services are not available in countries where the offer of such products is prohibited or restricted by laws.

Is BDSwiss a scam?

No, BDSwiss is not a scam. The broker is licensed by various top regulatory authorities in the industry.

How can I contact BDSwiss support?

You can contact the BDSwiss support team 24/5 via online chat, telephone, and email.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

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.

BDSwiss Logo

Min $200 Deposit

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

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

About the Author

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.

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