BDSwiss Review 2020
BDSwiss are a multi-regulated and award-winning broker with 250+ tradeable instruments. They provide powerful trading platforms with additional trading tools and plenty of educational materials.
BDSwiss Review 2020, Pros & Cons
- 250+ instruments
- Strict regulation
- Commission free accounts
- Free VPS
- Daily trading alerts
- Trading academy
- No US clients
- No fixed spead accounts
- Restricted leverage for EU clients
In this detailed BDSwiss review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
BDSwiss is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including BDSwiss.
BDSwiss Review: Summary
BDSwiss is an online trading broker providing services to millions of clients 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, offering 250+ Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.
BDSwiss take great pride in offering the best trading conditions possible with state of the art trading platforms and excellent customer support. As of December 2018, they had over 1 million registered accounts, over 20 billion in average monthly FX transaction volume and over 10 million in yearly transactions processed.
BDSwiss take a client focused approach and implement innovative technologies to offer unique platforms and trading tools. They provide 24/5 multilingual support and dedicated personal account mangers to help you on your trading journey. Clients have access to a wealth of educational material including video tutorials, webinars and real time expert analysis.
BDSwiss have won multiple awards including Best Trading Conditions (World Finance 2019) and Best Trading App (Mobile Star Awards 2018 / 2019).
BDSwiss Review: 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 can help to give prospective clients peace of mind that they will be dealing with a secure and trustworthy broker.
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 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.
All client data is encrypted using state-of-the-art security software and kept strictly confidential without being passed onto third parties.
BDSwiss Review: Countries
BDSwiss welcomes clients from all over the world, although they cannot accept traders from the USA, Belgium and some OFAC sanctioned countries. This is due to regulatory restrictions in these regions. Some BDSwiss broker features and products mentioned within this BDSwiss review may not be available to traders from specific countries due to legal restrictions.
BDSwiss Review: Trading Platforms
BDSwiss have the very popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). They also have their very own multi award winning BDSwiss web and mobile platforms.
MT4 was developed by Russian company MetaQuotes and is considered to be the worlds most popular trading platform. 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 and is suitable for traders of all experience levels with an intuitive user interface and plenty of features for a comfortable trading environment.
MT4 features include real time quotes, customisable charts, multiple timeframes, technical indicators, different trade order/execution types, alerts, news feeds, automated trading and many more. All the tools needed for conducting thorough market analysis and trading are in place.
MT4 is free to download for desktop and available as a mobile app on both Android and iOS. This is useful for those who need to trade on the go from anywhere in the world with an internet connection.
MT5 is the successor to MT4 and a more advanced version of the popular trading platform. Whilst the overall interface and feel is very similar, there are a few extra features including more advanced trading tools and indicators to assist with 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.
MT5 is free to download for desktop and available as a mobile app on both Android and iOS. This is useful for those who need to trade on the go from anywhere in the world with an internet connection.
Whilst MT4 will be sufficient enough for most traders, those who are looking to diversify into other markets or who need to conduct more complex analysis, may consider MT5 as an alternative.
BDSwiss Mobile App
The exclusive in-house developed BDSwiss Mobile App has won the best trading app award at the mobile star awards in consecutive years between 2018-2019. 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.
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.
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.
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.
BDSwiss Review: Trading Tools
BDSwiss have a good selection of useful trading tools to help with your trading. These tools can be used for market analysis as part of your own trading strategy or to generate signals for you to copy.
BDSwiss Daily Trading Alerts
BDSwiss offer 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.
There is no need for any complicated chart analysis as it is done for you by the professional analysts who are award winner (Barclay Hedge and Investors Choice Award) Alexander Douedari and expert trader Frank Walbaum who managed a €450 million Forex fund.
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.
Clients 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.
You can set visual and audio alerts when a trading signal is found.
Choose to receive daily market updates from your preferred assets directly into your inbox.
This feature can send early signals of possible trading opportunities as the day progresses.
Autochartist can automatically display a forecast zone of the price levels expected to be hit.
This gives an insight into the volatility of different assets, showing which are more or less volatile.
The video tutorials show how to incorporate the Autochartist chart patterns and technical analysis into your trading.
You can get instant visual and audio alerts on newly formed chart patterns or chart patterns pending completion.
These statistics allow you to review the success rate of previous signals.
You can get instant visual and audio alerts on newly formed Fibonacci patterns or Fibonacci patterns pending completion.
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.
BDSwiss Review: Education
The BDSwiss Trading Academy has a wealth of educational resources to help increase trading knowledge for all levels of trader. There are video courses, articles, webinars and more.
BDSwiss 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.
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.
BDSwiss 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.
VIP Trading Coaching
BDSwiss black account holders can request 1 on 1 coaching with a BDSwiss professional analyst. You can choose the trading topic, time and date.
There is a glossary that contains the most important trading terms and definitions to help improve your trading terminology.
BDSwiss Review: Trading Instruments
BDSwiss offer 250+ instruments in multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.
There are 50+ FX currency pairs including major, minor and exotic crosses.
There is a wide range of commodities to choose from including gold, oil, natural gas and more.
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.
More than 10+ of the world’s major stock indices are available, with competitive trading conditions.
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.
BDSwiss Review: Trading Accounts & Fees
BDSwiss has 3 main account types catering to the needs of beginner and advanced traders. The accounts are standard, raw and black. The minimum deposit required to open an account is $200.
Islamic swap fee accounts are available upon request. Demo accounts are also available if you wish to test the different trading platforms and conditions before opening a real account.
As broker fees can vary and change, there may be additional fees that are not listed in this BDSwiss review. It is imperative to ensure that you check and understand all of the latest information before you open a BDSwiss broker account for online trading.
This is the standard introduction account. 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.
Raw Spread Account
This is the most popular account. 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.
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.
BDSwiss Review: Customer Service
BDSwiss have 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.
BDSwiss Review: Deposit & Withdrawal
BDSwiss have a personalised and secure client portal from where clients can conduct deposits and withdrawals using a range of convenient methods including bank transfer, credit card and popular online payment processors such as Skrill and Neteller.
BDSwiss use the internationally accredited security system, Secure Sockets Layer (SSL). This system automatically encrypts all Internet processed credit card payments. Users will receive an immediate notice if the browser does not support this protocol.
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.
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.
BDSwiss Review: Account Opening
There is a short form that they estimate takes 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 Review: Conclusion
BDSwiss are a multi-regulated and award-winning broker with a good range of instruments to trade across different asset classes. They provide powerful trading platforms with additional trading tools and plenty of educational material. Account types are flexible depending on your individual needs whilst customer support is very prompt and polite.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.8 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.