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Overall, BDSwiss offers fewer trading account currencies than most other large international brokers. As you can see from the table above, costs are higher than average at BDSwiss. The average cost for trading one lot of EUR/USD among similar brokers is about 9 USD per lot. This is only achievable on the Raw Account, which has a minimum deposit requirement of 500 USD. Because BDSwiss is not regulated by the FCA or CySEC, it can offer high leverage to retail traders across all its trading instrument classes. Overall, BDSwiss can be summarised as a safe broker that provides competitive spreads and a low no-activity fee.
Let’s start off with the big positives in this section of our BDSwiss Review 2023. Firstly, there are absolutely no deposit or withdrawal fees from the side of BDSwiss. Therefore, you can fund your account and withdraw your profits without giving any of your own money away to the broker. Secondly, we’ve noted in this BDSwiss Review that they are pretty transparent when it comes to their charges and fees.
BDSwiss Withdrawals
The minimum deposit on the VIP Account is 500 USD, and spreads are average at best, starting at 1.1 pips on the EUR/USD. In addition to the tighter spreads, the VIP Account has access to several trading and educational tools, including AutoChartist, a personal account manager, and VIP access to built-in trend analysis tools. Beginner traders will benefit from the low minimum deposit and solid educational and research support. Advanced traders have access to a wide range of research tools and trading signals, as well as to the VPS offering. Beginner traders can benefit from a low minimum deposit and strong educational and research support. Advanced traders may enjoy lower fees and advanced research support in the VIP and Raw accounts.
- You should be aware that you may lose a significant portion of your portfolio.
- This resulted in the FCA penalising BDSwiss who were forced to no longer offer services in the UK.
- BDSwiss is a legit broker in 2022 and our review of BDSwiss tells you why.
- Moreover, there are plenty of strategies to choose from that are useful for every trader, novice, or experienced one either with manual trading or automated trading through EAs.
In order to prevent money laundering, every new customer is required to verify their identity by providing a scan or a photo of a personal ID . As a rule, the money is transferred to the beneficiary’s account within 2-8 working days, depending on the transaction method. The customer support is something unique at BDSwiss and this is their main strength. Customer support is quick, friendly, almost always accessible and solves problems quickly. You can reach customer support through email, live-chat, Skype and phone. As already mentioned BDSwiss offers more than 175 assets at the moment.
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. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services.
What is the Margin Call / Stop out for BDSwiss?
The views and opinions expressed on this website are purely the author. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio. BDSwiss lists twelve deposit methods with instant processing times.
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The minimum deposit on the commission-free Classic Account is 100 USD, with variable spreads starting at 1.50 pips on the EUR/USD . Traders have access to Autochartist and the BD Swiss trading academy. However, at BDSwiss all client funds are placed in segregated tier one bank accounts and are offered negative balance protection. If a client falls into a negative trading balance, BDSwiss will adjust the total negative amount so that the client does not suffer any loss. Additionally, BDSwiss’ offers its clients account statements regularly audited by external audit firms. Trading with BDSwiss will involve fees from $2 USD, spreads from 0.3 pips to 1.5 pips, and commission-free trading depending on the account traders select.
Desktop Platform
Each section consists of five to six video lessons with a quiz to summarize the content. Enhancing educational content are Live Webinars in English, German, and Italian. The MT4 trading platform is available as the most basic version. When considering a broker to trade using real money, it’s always a great idea to make sure the broker is safe and secure. There are a number of considerations that can aid in determining the legitimacy and safety of a broker.
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Currently its well authorized and regulated by CYSEC and FSA. To assist you with this query further we would like to kindly invite you contact us directly at and our Team will happily provide you with more details. Please contact our support Team directly either via live chat through the BDSwiss website or via email at and a member of our Team will be able to assist you further with your query. Yes, Credit/Debit cards are accepted for deposits as well as Bank Wire transfers, Skrill, Neteller and many more depending on the the country of residence. If you would like to find which payment methods are available for your country of residence please contact us through the relevant channels and our Team will be happy to assist you further. Hi Mj, we are sorry to hear that you feel this way about your BDSwiss Experience so far.
Leverage can be applied to a variety of levels depending on the asset class, jurisdiction, and account capabilities. To learn about the full extent of applying leverage at BDSwiss, make sure to check our complete review above. With no commissions and low to average spreads on more than 250 CFD assets, BDSwiss is a very affordable trading platform. Classic account holders can start with only $100, and trading can begin with as little as 0.01 lots. Regulation and licensing are an incredibly important consideration when choosing a broker online. Unfortunately, despite some significant regulation, BDSwiss have come under fire in recent years for unregulated practices and for using unfair marketing tactics via social media to target clients.
BDSwiss Review: Educational and Research Support
If you are a trader of bigger size and prefer commission basis then Raw Account is your choice. The Raw account offers an interbank spread averaging 0.3 for EURUSD and commission paid per transaction opening which is 5$. Gives new traders the opportunity to put their skills to the test on free Demo accounts with adjustable virtual balances of up to 1,000,000€/$/£. BDSwiss clients can open any type of account offered by BDSwiss including Classic, Raw, VIP, Premium and Cent as a Demo Account and test the tools, conditions and spreads offered, which is definitely a big plus.
Unfortunately, this meant we were unable to test the account opening procedure as the website will inform prospective clients that they will be unable to do so. It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose. Overall, the education provided by BDSwiss far surpasses that of most other international brokers. The Trend Analysis tools are exclusively available on BDSwiss’ web trader platform. The award-winning mobile application from BDSwiss is more user-friendly than the standard MT4 mobile application.
Uniquely, there are no currency conversion charges for trading in a currency that differs from your depositing currency. BDSwiss merely makes the conversion for you with no additional cost. BDSwiss does charge overnight fees for positions held over a 24-hour period and these swaps are variable too. Overall, BDSwiss provides some of the best market analysis materials available in the industry. Market analysis is also excellent and detailed, with market news and insightful daily analysis offered by the BDSwiss team.
The broker operates via BDS Markets, which is regulated by FSC Mauritius, and BDS Ltd, which is regulated by FSA Seychelles. They no longer offer the Wealth Management Program and a Copy Trading tool is available under FSC but only for non-EU clients. Almost instantly you will be able to start trading through BDSwiss platforms. BDSwiss maintains the security of funds along with client protection in multiple ways that ensure a safe trading environment and investors’ legal compliance. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
And want to buy anything from the U.S.you need to exchange currency from dollars into euros . An American tourist in Germany can’t pay in dollars so that the tourist has to exchange the dollars for the local currency. Claim your listing for free to respond to reviews, update your profile and manage your listing.
Country like USA, Australia, Canada, India, Russia, China, New Zealand and many more …………. Do not use IBAN bank numbers and people from this countries will have a problems to withdraw via bank wire. You should login to your Client Portal and submit a withdrawal request by following of the required procedure. This website is using a security service to protect itself from online attacks.
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These depository channels include MasterCard, Neteller, Skrill, Visa, among others. Don’t deposit funds simply because the channels are easy to find. Scammers want every investor to have an easy time depositing cash. What we found out was expected as this broker does not have the pedigree to have two platforms. Both their platforms proved to be unsafe after a series of set up misfortunes.
BDSwiss charges spreads, commissions, and swap/rollover fees through the offered accounts. Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service. A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money. BDSwiss received a high score in the Account Types and Terms category.
What Can I Trade
The broker provides quality support 24/5 via online chat, phone, and email in 7 languages. For this review, we tested the BDSwiss Classic Account, where the broker charges spreads and swap/rollover fees. Spreads are variable and depend on the liquidity situation in each instrument at a certain point in time. Moreover, clients’ funds are held in segregated accounts, which boosts their safety in case the broker has financial problems. The broker got a high score in the Customer Support section thanks to the quick and professional answers of the support team and a high number of customer support languages.
- Traders will find four maintrading platforms that are fairly intuitive and responsive, average execution speed is 0.01s.
- The head of the BDSwiss research team provides high quality market insights.
- For indices and shares, a fixed commission charge is applied depending on your account type.
- 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.
- BDSwiss offers great research tools and supports traders with unique materials making you a better trader.
The broker’s strong research & educational support resulted in a high score in these categories. The high number of stocks, indices, and cryptocurrencies led to a high score in the Tradable Instruments category. This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about.
For https://trading-market.org/, different promotions can account for lucrative rewards, e.g. friend referrals can double your account balance. Gather your friends and convince them to sign up with BD Swiss and the broker will express its gratitude with generous cash. 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. An excellent customer support experience and environment is offered at BDSwiss.
In addition, bdswiss forex broker review provides access to hundreds of prominent stock CFDs from the world’s largest exchanges, allowing traders to trade with 0.01 lots in a secure and multi-regulated environment. The brokerage services are offered under BDSwiss Holding PLC, a company registered in Cyprus. The company’s headquarters are located in Seychelles, and it has additional offices in Germany and Mauritius. Moving on in our BDSwiss Review 2023, let’s focus upon the other trading capabilities available with the platform. Once again, we’re duty-bound to inform you that US clients are not accepted by BDSwiss due to tax reasons, however, clients from the UK, Canada, Australia, New Zealand and most other countries can trade with the broker. When trading crypto with BDSwiss, you’re trading it on the price changes of the cryptocurrency as a CFD asset.
Trading on the go has become a habit of all traders, and brokers have to meet this criterion if they want to offer the really the best package. 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. The broker provides 24/5 market news coverage through daily and weekly reviews as well as quarterly outlooks, video briefs and special reports. There are a series of free live trading and educational webinars being offered on the daily in more than 5 languages.
We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when real money is at stake. BDSwiss offers forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies. The number of available forex pairs and commodities is medium while there are lots of available cryptocurrencies. BDSwiss operates under two entities – BDS Markets regulated by FSC , which is a Tier-3 regulator, and BDS Ltd regulated by FSA , which is a Tier-3 regulator. Typically, Tier-3 regulators do not limit leverage levels for the entities they regulate, so brokers have an opportunity to offer high levels of leverage.
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.