Traders must understand the differences between regulations to evaluate whether the broker suits their needs. Furthermore, the demo account balance can be reset to $10,000. For the demo account, you need to register and contact your account manager in order to have demo funds added to your accounts. No, BDSwiss currently does not allow US-based clients to access its online services.
As we are unable to identify your BDSwiss account through your 55Brokers username we cannot investigate this further for you. If you wish to have this matter looked into, please provide us with your account details. Alternatively you can always contact our support team directly for further assistance. Leading financial services multi-asset broker BDSwiss was recently awarded with the “Best Spreads and Trading Conditions-2022” by International Investor Magazine, the awarding body and financial magazine. The International Investor is a financial publication about investments and high-profile business.
Here, 20 https://trading-market.org/ 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. BDSwiss offers 39 forex currency pairs including major, minor, and exotic pairs. Forex pairs at BDSwiss are tradeable as CFDs using any of the available trading platforms.
- Translated in more than 24 languages, the BDSwiss WebTrader is designed to accommodate traders’ needs from around the globe.
- Have you tried using approved and vetted Forex trading robots?
- Specific key differences are noted between the platforms and the trader may need to consider them when choosing their desktop platform.
- Good broker, although it’s a shame that they no longer accept funding/withdrawal by crypto.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Manifolding a portfolio by investing in a variety of assets related to a particular industry has shown to be a more effective technique. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. We’ve already touched upon this element in our BDSwiss Review 2023, but now let’s look at the jurisdiction and limits in a little more detail. Users from 185 countries can open up and use a BDSwiss trading account today, though some countries may have limited capabilities. Among the countries with full access to BDSwiss’ capabilities and functions are the UK, Canada, Australia, and New Zealand. BDSwiss is safely and securely run from its headquarters in Zurich, Switzerland.
Commission & Fees
As the bdswiss forex broker review mentions it is always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed. Since the approach of the company establishment comes from Switzerland, its strong basis is confirmed by the great environment the company built. I cant understand why withdrawal processing requires so much time, or this broker just doesnt willing to pay me? Does this platform think that no one will complain after returning the principal? It is probably that they cannot not survive in foreign countries so they come to the Chinese market and think that the Chinese investors will have no problems if the principal is okay. Smh…It’s very clear to tell everyone that everything goes smooth when you lose money.
Proprietary BDSwiss WebTrader is fully based online, so you don’t need any downloads or installation and may access trading right from your browser. The platform has a clean view and quite comprehensive and powerful analysis features including technical analysis and risk management tools. So even by the use of WebTrader you can make full out of trading, see trading snapshot below. BDSwiss has an impressive offering, ensuring that traders have access to three different markets, all from one single platform. Educational Resources to enable traders understand how the financial markets work. Resources provided include accredited trading courses and webinars.
Additionally, the basic and advanced features should suit a range of trading expertise and volumes. As an added bonus, the broker is backed by the famous Swiss expertise and knowledge of the finance world, while still being tied to the European Union. As long as you’re not from the US or one of the other blacklisted countries, we would recommend trading with BDSwiss. Lastly, we wish you all the best in your Forex trading experience. What should be done is adding this broker to our scam blacklist.
- Leverage can be applied to a variety of levels depending on the asset class, jurisdiction, and account capabilities.
- The award-winning mobile application from BDSwiss is more user-friendly than the standard MT4 mobile application.
- In terms of trading fees, variable spreads and commissions charges are applied to spreads on crypto, forex and commodity pairs depending on the type of account you have.
- Hi Tom, usually, a withdrawal request is processed by BDSwiss within 24 hours given that all the necessary documentation is provided and approved by our team.
They have stable trading conditions and a global proposal suited to worldwide clients. By maintaining optimum support and assistance, refined products, and full transparency, the BDSwiss also educates its clients through its Academy. Educational resources covering useful information on how to operate in capital and markets, develop own trading strategy with accredited courses and webinars. To receive a more comprehensive response regarding your question, please contact us at to provide and our team will be happy to assist you further. Hi Kim, thank you for your comment, yes BDSwiss is operating in Canada under BDS Ltd whish is authorized and regulated by the Financial Services Authority Seychelles under license number SD047. If you have any concerns about the call you received, you can contact us at and share with us some more information and our Team will happily investigate this for you.
These products may not be suitable for everyone and you should ensure that you understand the risks involved. Access the financial markets with an account catered to your needs and benefit from competitive conditions and exceptional execution speeds. The most notable feature we discovered during this BDSwiss review is the advertised trade execution which is certainly worthy of a mention.
Trading Platforms – What Can I Trade On?
Seven commodity CFDs provide traders with an introduction into this asset class. Surprisingly, with 21 cryptocurrencies, this broker offers a fairly substantial range of choices, which is quite refreshing given that this is an area often neglected by brokers. Completing the offering of this broker are 12 index and 138 equity CFDs.
The BDSwiss web trading platform is great to look at and is quite intuitive. Analytical tools are easy to pick up and we found a good level of customisation – something severely lacking in many other proprietary trading applications. Founded in 2012, BDSwiss is a responsible and well-regulated broker with a large international customer base. It offers trading on multiple instruments, including Forex, commodities, shares, indices, and over 26 cryptocurrencies, a much wider range than other brokers.
Our review of BDSwiss confirmed that this broker offers both. The web trader and mobile trading app is provided by BDSwiss, while desktop, web trading, and mobile trading can be implemented using MetaTrader 4 or 5 too. Commissions & Spreads Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based. That being said, please note that a 10 EUR fee will apply to any bank wire withdrawals under 100 EUR and any other withdrawals amounting to 20 EUR or less.
BDSwiss Trading platform
BDSwiss offers a comprehensive Trading Academy for those looking for structured courses. The Trading Academy is split into beginner, intermediate and advanced sections, though in truth, the advanced section is more suited to those with intermediate knowledge. Perhaps the better and more advanced educational material from BDSwiss comes in the form of weekly strategy webinars and frequent live seminars held at BDSwiss’ local offices around the world.
Customer support is available 24 hours, however not on weekends. The live chat works well and is available in a variety of languages. At first, you are directed to a bot, however, you can quickly be put through to a competent live agent who responds within seconds. While this does mean it may take time, the advantage is that it comes at no cost to you. Email support is contacted via a form on the website and is useful for more detailed enquiries, however, it is naturally the slowest point of contact. Overall, the best and quickest way to contact BDSwiss customer support is via the live chat.
The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform, which provides a comprehensive trading feature and vast of solutions. MT4 is a known industry intuitive platform, even though might be with little outdated layouts, still is widely used platform. As the broker mentions it always aims to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed. As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by BDSwiss, while we got withdrawal pretty quickly. Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too.
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WebTrader also offers a social trading feature where traders can copy the trades of other successful traders. In terms of software, BDSwiss has 3 MT trading platforms, as well as a web-based trader and a mobile trading app. If you’re completely new to trading, or simply want to test out BDSwiss, they do have a demo account available. In terms of trading fees, variable spreads and commissions charges are applied to spreads on crypto, forex and commodity pairs depending on the type of account you have. For indices and shares, a fixed commission charge is applied depending on your account type.
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. Our local and international teams are here to support you on a 24/5 basis in more than 20 languages, while our wide range of payment methods gives you greater flexibility when it comes to deposits and withdrawals. Two analysts provide market coverage on the BDSwiss blog, Technical Analyst Frank Walbaum and BDSwiss Head of Investment Strategy and renowned fundamentalist Marshall Gittler. A mix of fundamental and technical analyses are uploaded daily. Mr. Gittler’s analysis is often quoted by major media such as Reuters, CNN and Bloomberg.
CFD trading offer
The full account verification process includes proof of identity, proof of residence and some further information, including deposit verification. Additionally, you’ll also have to complete an Appropriateness Assessment Test and an assessment of your economic situation. Here’s your opportunity to earn a passive and steady income by investing in reliable Bitcoin and Ethereum pools. Transparency is critical as Crypo4Winners allows investors to track the daily valuation of their investments and performance.
I had a EURNZD short position which was very profitable (50-60pips) which went to 10pips to the spread. Hello, I need an MT5 Account to run my Algo and Signal trading? However, as we always recommend check on the regulation carefully and never sign in with only offshore registered brokers . I had few experience with personal managers before, but none of them were as good as Mario is. It’s more than a year since he got assigned to me and I must say I’m really gratefull for that.
With that being said, it is great to see how transparent the broker is regarding this temporary issue. The broker does not shy away from informing potential new clients that they will need to wait before they can sign up to a new account. In the meantime, potential clients are free to roam around the website freely and learn about what BDSwiss has to offer. BDSwiss have been around for almost a decade and in that time have amassed more than 1 million active trading accounts and average monthly trading volumes of more than $84 billion.
However, there are some gaps due to operation via International branches only. Funding and withdrawals has been very easy to perform although there is still goo many days to receive the deposit to my card account. We really appreciate it and we hope you continue to enjoy using our services. However, what can be traded depends on what kind of account is operated by the trader. For the BDSwiss Basic, the following assets are listed for trading.
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The company is regulated by CySEC, boasts a top-notch, high-speed trading platform with 170+ assets and six types of instruments. BDSwiss offers step-by-step training and is always ready to provide prompt support and solve any issue within the shortest possible time. Since its founding, the broker has managed to prove its competence, establish a reputation, and win top positions in various ratings. You can get acquainted with BDSwiss by opening a free demo-account or starting on a real account with smaller sums of money to get the feeling of the real market. Our review of BDSwiss confirmed commission free trading, zero account management fees, and zero deposit or withdrawal fees either. When it comes to withdrawals, BDSwiss aims to process all withdrawals within a 24 hour period, but they cannot guarantee how long it will take for the funds to reach your account.
While this broker describes itself as part of a worldwide operating group with holdings in Switzerland, the primary regulator appears to be the Cyprus Securities and Exchange Commission . BDSwiss is also regulated by the Financial Services Commission of Mauritius which allows the broker to offer non-EU residents more flexible leverage options. Withdrawals that are higher than the sum of your previous deposits will incur a €4 flat fee. Meanwhile, wire transfers of €100 or less will incur a €10 flat fee. We also noted that BDSwiss requests that withdrawals be made to the same banking method that was used to make your deposits.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the BDSwiss offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. BDSwiss’ market analysis is curated by a team of renowned markets analysts and professional traders that provide 24/5 market news coverage and actionable financial commentary. Recognised by the global industry community, its Research Team is frequently featured in world-leading publications and is viewed as a reliable, one-stop information hub of insightful market analyses.