|(5 / 5)||CySEC, FSC||200$||250+||0.3 Pips|
Nowadays it is difficult to find a trustworthy Forex Broker because the selection on the internet is very large and clear. BDSwiss is probably one of the best-known providers of financial products in the international broker world. So I ask myself the question: Is BDSwiss a good broker or not? – On this page, you will learn the truth. With more than 5 years of experience in the financial markets, I have completely tested the provider and present you in the following sections my test results. Everything about costs, conditions and more.
What is BDSwiss? – The company presented
BDSwiss is an international Forex and CFD broker, which has its main client base in Europe. The company has been on the market for over 7 years and was founded in 2012. It offers customers trading in contracts for difference on any asset (currencies, stocks and more). Traders can speculate on rising and falling rates at small fees.
Already over 1 million traders registered with this broker because he is also known by eye-catching television advertising. The name alone inspires confidence because the group of companies is controlled from Switzerland, Zug. The head office of the broker is in Cyprus. Also in Germany (Berlin), there is a customer center.
From my experiences and tests, the customer service at BDSwiss is awesome. Only a few other brokers can offer such a service to a trader. Every day webinars are organized and there are competent market analyzes for every customer. Also, trading signals can offer the broker, which had a high hit rate in the past.
Facts about BDSwiss:
- BDSwiss Holding PLC is regulated by the CySEC (EU)
- BDS Markets is regulated by the FSC (Mauritius)
- Competent customer service for international traders
- Founded in 2012
- The group operates from Switzerland, Zug
- Known from TV commercials and magazines
The regulation of BDSwiss
Regulation by an official financial authority is very important in online trading. The license creates a confidential relationship with the customer. The broker must meet certain requirements and criteria in order to obtain such a license. Violations of the rules or even fraud would mean a permanent withdrawal of a license.
The BDSwiss group has several licenses, which brings a great advantage. BDSwiss Holding PLC is represented by CySec (EU), BDSwiss LLC by U.S. Patents. National Futures Association NFA and BDS Markets regulated by the FSC. The trader can decide for himself under which license he wants to trade. There is the possibility of unrestricted trading without leverage.
BDswiss is regulated by:
High leverage for European traders
The European Financial Services Authority (ESMA) banned the high leverage on private traders from 1.8.2018. This presents the trading scene with massive problems.
BDSwiss has cleverly solved this problem because for customers it is possible to trade under a license outside of Europe. This guarantees high leverage of 1: 400.
The conditions for traders – What can you expect from BDSwiss?
CFDs and Forex Trading are very popular with private traders because you can access the global financial markets with little capital. In addition, it is possible to set not only on rising but also on falling courses. Maximum leverage of 1: 400 can be used. Even with small capital, it is possible to move higher sums on the market.
The minimum deposit is only 200$/€. This is low and acceptable compared to other competitors. Positions can already be opened with very small capital (0.01 lot). Overall, the broker offers an offer for each account size.
Overall, you can trade over 400 different assets/markets at BDSwiss. There are commodities, currencies, stocks, cryptocurrencies and more available. Shares are tradable by the German Stock Exchange, American Stock Exchange and many more on favorable terms. The spreads for these assets are always dependent on the current market from my tests and experience.
In fact, variable spreads are offered. Depending on the liquidity, a higher spread may occur. This is a normal stock market trading. On average, however, spreads are 0.3 pips in forex and less than 1 point in stock indices. For better spreads, you can activate the black account or use the RAW Spread account (personal offers are possible for each client).
My experience and tests have shown that BDSwiss is a better-than-average provider of CFDs, forex, stocks and more. The offer and the terms are very manageable and cheap for traders. I could not discover any hidden fees or traps.
Special conditions for traders:
- Leverage between 1:30 – 1:400
- Personal offers for high volume traders
- 3 different account models
- Very fast order execution
- Short trading cryptocurrencies with high leverage
|250+ Forex, Stocks, Crypto, Commodities||Variable 0.3 Pips||Webtrader, Metatrader 4/5, Mobile App||24/7 Phone, Email, Chat|
Review of the BDSwiss Trading Platform
BDSwiss offers its own developed trading platform for the browser and the smartphone. The well-known Metatrader is also available in version 4 and 5 (desktop version and app). Thanks to the clear platform, independent analyzes can be carried out easily and with the app, you can keep an eye on your portfolio at all times.
In summary, the software solutions from BDSwiss are suitable for every trading style. In the following pictures and texts, I will give you an insight into the trading platforms.
- The Webtrader and the app of BDSwiss very clear
- The structured design of the Webtrader ist good for beginners
- You get transferred direct market news into the trading platform
- Easy selection of the most popular brands
- Transparent quote and quick recognition of the conditions or spreads
- Optimal analysis options with the chart (indicators & more)
- Metatrader 4 and 5 is available
The Webtrader is especially good thanks to its user interface. This also allows beginners to understand trading quickly and easily. You can easily find your way around and realize exactly which actions you have to take.
If you have questions or problems with the trading platform, you can simply contact an account manager or support. Videos with instructions are also available at BDSwiss.
Charting and analysis
Charting is one of the most important things when it comes to technical analysis of markets. Metatrader 4/5 is one of the most flexible platforms in the trading area. Many brokers offer this software for their traders. Choose between different chart types (candles, bars, lines) and set any time period. Furthermore, BDSwiss gets its market data from well-known providers.
In Webtrader the charts are provided by TradingView. This is one of the largest market data providers worldwide. The charts in TradingView are similar to the charts in MetaTrader 4/5. The difference is that there are actually more tools available in TradingView. However, in Metatrader 4 you can use your own programs and indicators as well as automatic trading.
- Line Chart
- Bar Chart
- Flexible Charting
BDSwiss mobile trading for any device
The offer of BDSwiss is rounded off with the newly developed app for Android and iOS (picture below). Have access to your portfolio from anywhere in the world. Check the latest news and respond to political changes on the go. Nowadays, an app is actually necessary for every professional broker because mobile trading is becoming increasingly popular. From my experience, the app works just as well as the online platform or Metatrader 4/5. You will find all the necessary functions very quickly and get the fastest access to the markets.
How does BDSwiss Trading work? – Step by step tutorial
Also the worldwide known trading platform Metatrader 4/5 is offered via BDSwiss. This platform brings a lot of configuration options. Personalized indicators or programs can be imported into this platform. This way, every trader can independently adapt the platform to his trading style.
Metatrader 4/5 is also available as an app for the smartphone. Simply log in with the data from BDSwiss and start trading. In the upper picture, you see the order mask. In the following points, I explain to you from my experiences and tests the functions.
How to trade Forex with BDSwiss web trader and Metatrader:
- Choose any asset on the platform
- Choose the size of the right position for your account
- Stop Loss and Take profit rescue your position and profit
- Buy or sell – Invest in rising or falling markets
CFDs is an abbreviation for Contract for Difference. It is here a contract between Trader and the broker closed. This contract (contract) has an indefinite term until it is closed by the trader or broker (only with special exceptions). This contract may be executed on any assets offered by the broker.
So if you buy a contract on, for example, oil and the price of oil rises in the next 2 hours, then the value of your contract also rises and you can close the trade in profit. Generally, CFDs are traded with a lever. There are derivatives with which an underlying value is speculated. Another advantage is the speculation on falling prices. With CFDs, you can easily open a short sale, which is difficult for real stocks.
The advantages of the platform:
- Trading with high leverage
- Easy trading on falling markets
- High markets liquidity of BDSwiss
The leverage of BDSwiss
Leverage is another important feature in broker selection. There are always differences. As mentioned above, BDSwiss has a European license (leverage 1:30) and a license outside the EU (leverage 1: 400). For equities the leverage is generally between 1:20 – 1: 100 and for currencies (Forex) up to 1: 400.
A higher level of leverage means that you need to deposit a smaller margin with the broker. For example, you want to buy 100 shares of Tesla at a price of 100 €. This corresponds to the sum of € 100,000. With a lever of 1:20 you have to deposit now only 5,000 € as collateral (margin) with the broker to trade the sum of 100,000 €. This allows more risky investments with the chance of a faster and higher profit. Many traders are reasonably afraid of over-leveraging their accounts. By adjusting the investment sizes, over-leveraging can be ruled out.
In summary, BDSwiss offers all the important features of a good CFD broker. The conditions for the trade are compared in the upper average and can be recommended with a clear conscience.
Is there negative balance protection?
The additional funding requirement is feared by any private trader because account balances can come into a negative state. The negative balance does not exist at BDSwiss. So your account cannot go into a negative balance. This can happen through extreme market situations, but BDSwiss automatically closes your positions before that.
Free Account opening for everyone
The account opening is very fast and easy at BDSwiss. Enter your personal information in the ready-made field and start the registration process. The email must be additionally confirmed afterward. BDSwiss deals with your data with confidence and is DGSVO compliant. After you have opened the account, you can use the demo account or the real account.
BDSwiss accepts international traders but not from everyone country of the world. For example, US traders are not allowed. You can see that clearly if you want to register on the homepage. Europe, Africa, Asia, and India are the most growing regions for trading. Feel free to register your account.
Unlimited BDSwiss Demo Account
A demo account is very important for beginners and experienced traders. It belongs in the portfolio of a good broker. Beginners can take their first steps in investing in the demo account. This is an account with virtual money, which imitates the real money trade. In addition, experienced traders can develop new strategies or even try new unknown assets to trade.
I recommend every trader to use the demo account first before investing real money. Take enough time to get to know the trading platform. The demo account is capitalized with 10,000 € and offers enough space to test the platform.
The real account is free like the demo account. The broker requires real money verification of the account and of your person to prevent money laundering or other criminal activity. The regulation forces the broker to verify you. For example, monies may not be paid out to unsupported traders.
All that is needed is the completion of your personal data and the upload of a photo/document of your identity card and an invoice confirming your address. The verification takes less than a day from my experience and is quickly conducted.
Review of the BDSwiss Account Types
The broker offers you 3 different account types. The basic account and RAW Spread Account is available to every trader with a deposit of 200$/€. The black count is assigned individually. You have to pay more capital and it depends on your trading style. BDSwiss does not specify a default for the deposit number for the Black Account.
The black account is made for larger account capitalizations. The conditions are better, but higher position sizes (from 0.1 lot) must be traded. Contact an Account Manager for an individual quote.
Account types are part of a good broker. This makes it possible to respond more specifically to the wishes of traders. For example, lower spreads can only be activated if the trading volume is high so that the broker still makes enough profit. BDSwiss is very well positioned with 3 types of account and thus clearly sets itself apart from its competitors.
Overview of the account types:
- No deposit fee
- Free education center
- Free webinars
- Free trading tools
RAW Spread Account:
- Low spreads
- Only for Forex, Metals, and Energy Trading
- No deposit fee
- Free webinars
- Free trading tools
- No deposit free
- VIP education
- VIP alarms
- VIP support
- VPS server
- Custom offers for high volume traders
Review of the deposit and withdrawal at BDSwiss
The deposit and withdrawal at BDSwiss should not be a problem for you as the broker offers many different payment methods to capitalize your trading accounts. Deposits work in real time (electronic methods) and are completely free. Funds deposited via bank transfer are credited to the account within 1 – 7 working days. The minimum deposit for a live account is 200$/€.
How does the payout of profit work?
The payouts will be processed and sent within 3 days. Simply go to the account dashboard and click on “Payouts”. With payments of less than 100€, it can be expensive because there are fees of around 10 €. This fee is likely to be taken because smaller accounts bring too little profit to the broker.
Since BDSwiss is a regulated and licensed broker, payouts are handled quickly and conscientiously. From my experience, the company always pays the money of the traders. This overlaps also with the experiences of my community.
With unregulated brokers, it can come to the delays of the disbursements or customer money frauds. This is not the case with BDSwiss because the company wants to continue to enjoy its good reputation.
- Bank wire
- Electronic Klarna
- Electronic payment methods
- Credit Cards (Master, VISA, and more)
- Skrill, Neteller
- Withdrawal within max. 3 days
- Payouts over 100€ are free
Which support and service BDSwiss can provide?
The customer support also scored very well in my review. Since BDSwiss is an international broker, more than 10 languages are available. Support is available by phone, email or chat 24/5 a week. Competent answers are given and questions answered within seconds.
BDSwiss has a strong presence in the German (DACH) region and has therefore opened a customer center in Berlin. This is another advantage for the broker because only a few brokers offer the service from a regional branch. In addition, there are more other customer centers too. Service is capitalized at BDSwiss, so get trader with the higher deposit a personal contact.
Also, there is a very large training center on the website of the broker. There you can watch video tutorials and learn new strategies. There are also daily market updates and German-language webinars. In summary, the service package from BDSwiss is great and offers a trader everything he needs.
|Phone, Email, Chat, Whatsapp, Telegram||24/5 working days||+49 3021446991||Personal service for each client|
BDSwiss offers Trading Signals with a high possible profit rate
A new project of the broker is the trading alerts. Receive alarms in real time on your phone. The past has already shown very good results with a profit share of more than 60%. You can always view the past trades transparently on the homepage. The trading alerts are only available to Black Account customers.
Traders with years of experience and a fund manager were hired for the signals. The signals are sent directly to your computer or smartphone via an app. So you can implement the trades in real time.
Review of the fees for traders
Finally, we should take a closer look at the fees and costs at BDSwiss. As you have read in the previous sections, spreads may fluctuate depending on your asset and market conditions. These are the trading fees whereby the broker earns his money.
There are additional fees when paying less than 100 €. At least 10 € will be charged here. The effort is too big for the broker to manage accounts under € 200, so the fee is so high. There are no fees for higher payouts except for bank transfer. For international transfers, a maximum of € 50 is required and for SEPA transfers a maximum of € 5.
There is also an inactivity fee of more than 90 days. Inactivity is when the client has not opened or closed trade and has not made any transactions. The fee is a minimum of 25 € and a maximum of 49.90 € high (10% of the account balance). In summary, the fees are manageable and not significant to most traders.
- Electronic payments are free
- Outpayments under 100 € = 10 €
- Sepa transfer 5 €
- International transfer 50 €
- Inactivity fee 90 days 25 – 49,90 € (10%)
How to earn money with BDSwiss?
In the following section, I would like to explain how easy it is to actually earn money with BDSwiss.
In my opinion, a trade is settled in the daily chart (candlesticks). This is a very big timeframe and the trade runs for several days. Of course, earning money is also possible in a short time if you want to focus on short-term movements. In cooperation with a price average, uptrend and support zone, the trade can be successfully be sold and recorded a direct profit after the first few days.
Some beginners would now say it is just luck. This is not so. With random trading (which I do not recommend to anyone), you have a 50:50 chance to pass. If you now improve your knowledge through analysis and coaching you can get a significantly higher hit rate of more than 60 -70%. Of course, there will also be losses in trading, which will be offset by subsequent gains. You always have a certain probability of winning.
Lose money (losses):
Losses will inevitably come to you. Therefore, one should not be dissuaded from the web to become a good trader. Practice in the demo account is the top priority at the beginning. It is important that you use sensible money management. This means not to risk more than 0.5 – 3% of the total account for trade.
Too high a risk will mean long-term death for your account, as several losses can occur consecutively. If you then invest too much of your portfolio, you will see the empty account balance approaching quickly.
Profits can also be hedged with the stop loss. Should your trade run into profit, you can drag the stop loss to a certain level. The platform shows you transparently how much profit you make. The trader’s language says: They are stopped out in profit. This will prevent you from making profits in the market unnecessarily when the chart is against you.
Is BDSwiss scam? – My conclusion of the review
In the past, I have already tested many brokers. BDSwiss is currently one of the top companies in the trading scene. The broker offers a truly comprehensive listing for traders.
The company, which has been on the market for many years and has proven itself since 2012, makes a very serious impression on me. With many licenses, the company shines in the area of customer confidence.
The service of BDSwiss stands out clearly. Webinars, coaching, market analysis, and trading signals are available to a trader. With a black account, you can enjoy VIP conditions.
Overall, there are almost only benefits for traders at BDSwiss. To make this review transparent, of course, I’ve looked at other brokers in this area. The spreads could be a bit smaller in comparison, but the broker would have to cut back on other offers. The service for customers is excellent and recommendable. The only drawback that has been noticed concerns only those with small accounts who want to pay less than100$/€.
- Fast order execution and high liquidity
- Wide range of markets
- Low spreads
- Optimal service by trained support
- User-friendly and flexible trading platforms
- Further education through coachings and training/webinars
- Higher costs when paying less than 100 €
The supply of assets is on average high. Trade commodities, stocks or currency pairs on a single platform. Spreads are low and competitive. Overall, BDSwiss is a recommended company. (5 / 5)