Warning: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
BDSwiss was founded in 2012. Since that time they have grown to become a major forex broker who now offer trading services in more than 180 countries worldwide. They are also have regulatory oversight in place from a number of trusted bodies in the industry including CySEC.
BDSwiss is also a very well-decorated broker having collected a number of awards particularly in recent years as they have expanded their industry presence. Being recognized as providing one of the best trading platform applications, as well as for their positive trading conditions and environment has helped them greatly in continuing to improve their profile among traders.
The broker also manages to offer an excellent educational environment which attracts and provides for both new traders and those with more experience, in providing the knowledge to help you improve you trading skills in the forex market and beyond.
- Accessible in more than 180 countries
- Compreshensive educational section provided
- Access to insightful research tools and content
- Award-winning mobile trading platform
- Higher minimum deposit on some accounts
- Limited range of assets to trade
BDSwiss both recognize and work to prioritize your safety and security as a trader. To this end, they are regulated by 4 bodies around the world, some of which are considered top-tier regulators who implement rigorous compliance procedures to ensure the most transparent trading environment for you as a trader. The regulations in place at BDSwiss come from CySEC, one of the most respected bodies in the industry, and also from the FSC in Mauritius, and FSA in the Seychelles catering from more flexible off-shore regulation. The broker are also very unique in the sense they are one of the few top forex brokers to be NFA regulated in the United States. This provides the framework for them to offer services in US forex trading, although they do not yet do so.
Beyond the excellent regulatory environment, the broker further adds to the protections they offer you as a trader, by always providing negative balance protection meaning you cannot lose more than you deposit, and through the use of segregated bank accounts which can protect your funds from any serious financial difficulties the broker may encounter. As an EU trader you may also be covered through the ICF insurance which the broker provides up to the value of €20,000 in situation of similar financial difficulties on the broker side.
BDSwiss offers trading on more than 200 assets which are all offered as CFDs. In the forex market you can expect to find a total of 50 forex currencies pairs available to trade. This range include all major currencies alongside many minor, and some exotic forex pairs.
Beside forex, you will find a good selection of other markets. Commodities, indices, stocks, and crypto can all be traded. The most choice in these markets comes if you are trading stocks. Here you will have more than 140 stocks to trade in from major companies around the world. Another particularly strong market for BDSwiss is crypto trading. Here, 20 CFD assets are offered that includes the ability to trade some cryptos such as Bitcoin and Ethereum against many major currencies including the US Dollar, Euro, and Japanese Yen.
Commission & Fees
BDSwiss are predominantly focused on offering commission-free trading. The only account type the broker has which does include a commission is their BDSwiss Raw Account. Even though this account type does charge a commission, it is very competitive at just $5 per lot on a round-turn trade. The cost is also offset by the lower spreads on this account type which start from 0 pips.
Spreads across the several account types offered by the broker remain competitive, though they do start at a higher point than some brokers. This starting point on major forex markets is 1.5 pips on an individual account, or 1.1 pips on a VIP account, though this trading is all commission-free.
Trading in markets other than forex, such as indices, crypto, and stocks, the spread generally has a starting point of between 0.4 pips (Indices), and 0.15% (Stocks). The only fees which may be relatively high at the broker are if you are trading cryptocurrency, the Bitcoin fee as an example starts at $190, and the inactivity fee, if applied, can amount to a lot. The broker charge 10% of your balance as an inactivity fee if you are inactive for more than 90-days.
Overall, BDSwiss fees are in-line with most of the industry, and they do a good job in trying to maintain a commission-free trading environment. A minimum deposit starting from $100 also ensures they remain accessible to all with the only downside being this minimum deposit is only available on one account type, and increases a lot on the other types of accounts offered.
At BDSwiss you will have access to a powerful combination of trading platforms that includes some of the most respected in the forex trading industry, and also some award-winning proprietary options offered directly by the broker.
Both Metatrader 4 and Metatrader 5 are offered by the broker as desktop trading platforms. These are of course some of the best known, and highly regarded trading platforms around. They can provide a robust, efficient trading experience that is favored by many traders worldwide. These platforms are also technically proficient in providing huge charting capabilities yet will also run on almost any device.
The brokers proprietary offerings are excellent too. These come in the form of both a Web-based trading platform, and a mobile trading platform which has won multiple awards. Both offer an excellent depth as far as charting tools and indicators are concerned, and allow you to create your own, highly-customized trading environment that is both intuitive, and does not sacrifice any of the depth that you would expect from a top trading platform.
An excellent customer support experience and environment is offered at BDSwiss. The team are available around the clock through a number of mediums including their web-based live chat service, through email, and dedicated local phone numbers in many locations around the world.
In keeping with their global presence, the broker also provides very helpful language support for traders worldwide, with translation available in a total of 10 different languages. If you do not want to contact the support team directly, you can also check out their extensive FAQ section which should provide for answers to some of the most commonly asked questions from traders.
The BDSwiss education section is another area in which they shine through. They have a whole range of video content which they have brought into the BDSwiss trading academy structure and broken into three distinct levels, beginner, intermediate, and advanced. This means no matter what your skill level, this forex broker has something on offer to help you develop.
Added to that, they also provide access to a range of educational webinars known as trading talks. These are delivered by industry experts and can provide some meaningful insight to help you develop your trading skills.
Overall, BDSwiss is a well-regulated and trustworthy broker who have grown quickly in recent years to being one of the top names in the sector. This solid foundation has given them the platform to attract a wide variety of traders with award-winning trading platforms and a competitive range of trading costs.
The broker are well placed to continue their growth with regulation for US trading already in place. This could prove to be a launch pad for the broker to achieve more success in the coming years and continuing to grow their trading base and improve their offering for all.