BDSwiss is an online retail CFDs and forex broker established in 2012 by BDSwiss Group in Switzerland. BDSwiss Markets is a subsidiary company established in the Republic of Mauritius and regulated by the Financial Services Commission of Mauritius (FSC).
BDSwiss offers a good selection of over 1,000 trading instruments from multiple asset classes such as forex, commodities, cryptocurrencies, shares, indices, and ETFs. In addition, BDSwiss provides multiple trading platform options such as MT4, MT5, and proprietary BDSwiss WebTrader and mobile apps. Moreover, trading conditions are competitive with the broker, as BDSwiss provides tight spreads on multiple account types and minimal commissions.
BDSwiss is keen to educate clients to make sure they have the knowledge to help them make informed decisions. Therefore, the broker provides a plethora of useful educational and research resources, including analysis tools such as the brilliant Trading Central and Autochartist. In addition, a VPS service is also provided by the broker which can ideal for remotely running automated trading systems around the clock.
BDSwiss takes great pleasure in providing reliable trading conditions, with cutting-edge trading platforms and exceptional customer service. Commission-free trading and tight spreads also help traders to save on trading costs. Multiple educational and research resources like Autochartist and Trading Central can help beginners to learn and improve their trading skills.
BDSwiss is an established forex and CFD broker with over 1,000 market offerings. Asset classes include currency pairs, stocks, indices, crypto, commodity futures, and baskets (ETFs). In addition, BDSwiss provides the user-friendly MetaTrader platforms and its own BDSwiss WebTrader and mobile apps. Moreover, the broker offers various account types with different conditions and offerings for all types of trading strategies. BDSwiss provides demo accounts to practice trading and swap-free Islamic accounts for Muslim traders. The broker requires a low minimum deposit of $10 to get started. In addition, BDSwiss provides industry leading third-party research tools such as Trading Central and Autochartist. The broker also provides trading courses, webinars, and other high-quality educational content to help traders improve their trading skills. Lastly, BDSwiss does not charge any deposit or withdrawal fee.
On the other hand, BDSwiss or any subsidiary company is not listed on any stock exchange. Therefore, the broker does not share its financial information in public. Moreover, the broker does not provide fixed spread accounts, and there is an inactivity fee for staying inactive for more than 3 months. The broker provides customer support 24/5 only during weekdays.
Let’s summarise the advantages and disadvantages of BDSwiss.
- Regulated brokerage firm
- Years of expertise in trading services
- 1000+ trading instruments
- MT4 and MT5 platforms
- BDSwiss Web Trader and mobile apps
- Zero spread accounts
- Demo accounts
- Islamic accounts
- Low minimum deposit
- Trading Central
- 24/5 customer service
- Trading Academy
- No deposit and withdrawal fee
- Free VPS hosting
- Commission-free shares trading
- Tight spreads and low commission
- Crypto payment option
- Not a publicly-traded company
- Financial information not available
- No 24/7 customer support
- US & UK clients not accepted
- Inactivity fee
- Not the lowest commission fees when choosing zero spreads
BDSwiss provides a generous selection of over 1,000 trading instruments that include various asset classes such as forex, commodities, cryptocurrencies, indices, stocks, and ETFs. However, the broker does not offer other assets such as bonds and options. For those asset classes you might want to consider AvaTrade instead.
BDSwiss Instruments Summary
Commission and Spread Fees
BDSwiss provides multiple account options, and traders can open an account with the conditions they think will work better for them. I think the raw account has the best trading conditions overall as the spreads start at zero pips which is important for my scalping strategies.
Classic Account: There is no commission fee charged on the classic account, and spreads start from 1.5 pips. These spreads are quite high but that is because they incorporate the commission fee.
VIP Account: On VIP accounts, you can trade without paying any commission fee and with slightly lower spreads starting from 1.1 pip. I still find these spreads to be quite high for scalping but it is an advantage to not have any additional commission fee charged on top.
Raw Account: On Raw accounts, traders can enjoy tight spreads starting from just 0.0 pips and pay a quite high commission fee of $5 per standard lot per side. There are brokers who offer spreads from 0.0 pips and charge a commission fee of $2 per side, such as RoboForex and FXPIG.
|Fee||Classic Account||VIP Account||Raw Account|
|Commission (per standard lot per side)||$0||$0||$5|
Deposit and Withdrawal Fees
BDSwiss does not charge any deposit or withdrawal fee for using any payment options. However, it’s better that you check the service charges of the respective service provider.
BDSwiss would charge 10% of the account balance as an inactivity fee if the account had no trading activity for over 90 days. If you would rather avoid any possible inactivity fees, you might want to take a look at Swissquote as an alternative.
MetaTrader 4 (MT4)
You can access over 1,000 CFD products across six asset classes at reasonable price with the BDSwiss MetaTrader 4 platform. You may trade with confidence and security thanks to the industry-leading platform that is used by millions of traders around the world. The platform provides a variety of powerful features such as distinct trading tools, alerts, and automated trading. MT4 has a user-friendly trading interface designed to accommodate traders of all levels that can be fully customised according to your own indvidual needs.
Here are some of the main features of MT4:
- Simple to use interface
- Directly on the platform, regularly updated news feeds
- Analytical tools that are pre-programmed and available for free
- Analytical studies can be overlaid if you have the ability to do so
- Charting and analytical options abound.
- Multilingual capabilities
- Account statements are issued daily
- Client account overview in real-time
- Including account equity, fluctuating profit and loss, and so forth
- Compatibility with the BDSwiss Web Trader and mobile applications
- 4 types of pending orders
- Over 30 technical indicators
- Over 31 Graphical objects
- 9 timeframes
- 3 chart types
- MQL4 editor
- MQL chat
- MetaQuotes Marketplace
- Single thread Strategy Tester
- Hedging, scalping and autotrading allowed
MetaTrader 5 (MT5)
The BDSwiss’ MT5 trading platform is very similar to MT4 but offers more features to further enhance your trading possibilites. MetaTrader 5 (MT5) is the most recent and advanced MetaTrader platform, offering all of the ground-breaking features of MT4 as well as more advanced trading tools and indicators that allow traders to maintain greater control over their trades and make more informed decisions using cutting-edge analysis. The MT5 platform includes a number of additional analytical tools and functions designed to provide you with a more comprehensive trading arsenal and a better trading experience, making it one of the best trading platforms on the market.
Here are some of the key features of MT5:
- Trading Multi-Assets on +1000 CFDs
- Complete control over your account and history
- Multilingual capabilities
- Account statements are issued daily.
- Internal mail delivery system
- Set your stop-loss and take-profit points.
- Expert Advisors and automated trading.
- Analytical studies can be overlaid if you have the ability to do so.
- Charting and analytical options abound.
- Capability to display 100 charts at the same time
- More than 80 technical indicators and 40 analytical objects
- Superior MQL5 development environment built-in
- Supports advanced order types such as pending orders, stop orders, and trailing stop orders
- 6 Pending Order Types
- 38 Technical indicators
- 44 Graphical Objects
- 21 Timeframes
- Economic Calendar
- MQL5.community chat
- Multi-thread Strategy Tester
- Scalping and Hedging allowed
The BDSwiss WebTrader Platform was created entirely in-house to better meet the demands of the brokers ever expanding client base. The BDSwiss WebTrader, which focuses on simplicity, reliability, and performance, provides an intuitive trading experience that is accessible from all browsers and includes exclusive trading tools such as a built-in Trends Analysis feature. The platform provides you with a full overview of the markets, as well as projected future price trends and optimal SL and TP levels. The BDSwiss WebTrader does not need to be downloaded and is completely synchronised with the downloadable versions of the MT4, allowing for live price monitoring via a sophisticated market watch window. The WebTrader, which is available in over 20 languages, is intended to meet the needs of traders all around the world. It is designed to provide you full control, allows you to access your account quickly and effectively on any device. The BDSwiss WebTrader also includes a plethora of analytical tools, such as Trends Analysis, a variety of indicators, and an easy order window that calculates position size, leverage, stop loss, take profit, and needed margin automatically.
Here are some of the stand-out features of BDSwiss WebTrader:
- At a glance, you can see your pip value and margin required
- Stop-limit orders protect your positions from adverse market movements
- With Open Price and Take Profit, you may automate your positions from start to finish
- Set the desired entry price to automatically open the position
- The Order Window Is Intuitive
- Available in over 20 different languages
- A Simple and User-Friendly Interface
- Exclusive Trends Analysis Software
- Fully integrated with the BDSwiss App and MT4
- Modern Charting, Indicators, and Analysis
- No need to download anything because it is cross-browser compatible
- Order execution is lightning quick, and there are no requotes
BDSwiss Mobile App
With the BDSwiss Mobile App, you may access 250+ underlying instruments across 5 asset classes at some of the most affordable prices. The multi-award-winning trading app has an easy-to-use trading interface that allows you to place and manage trades on the move while utilising the same tools and features as the desktop platform.
The BDSwiss Mobile App, which was created entirely in-house, allows you to open positions on any CFD asset available on the desktop MT4, monitor currency market activity, access your account dashboard, and deposit and withdraw from the comfort of your mobile device. The BDSwiss Mobile app offers an excellent selection of popular cryptocurrency CFD pairings for a smooth 24/7 trading experience, with an increasing proportion of traders electing to trade on weekends. BDSwiss presently provides over 20 crypto pairings CFDs, allowing you to trade market-leading cryptocurrencies including Bitcoin, Ethereum and others.
Here are some of the important features of the BDSwiss Mobile app:
- Quotes in Real-Time
- Charts that are interactive
- A Simple, User-Friendly Interface
- Complete Trading & Deposit and Withdrawal Functions in the Past
- Account Creation and KYC Verification
- Trading Cryptocurrency Pairs 24/7
Benefit from the lowest possible latency, safeguard your trades from internet disruptions, and run EAs 24/7, with maximum uptime. BDSwiss’ VPS solution makes use of an external server to keep your platform operating 24 hours a day, allowing your tactics to be performed even when you are not. Because VPS servers are co-located with MT4 servers, the broker can offer even quicker trade execution, ultra-low latency, and uninterrupted trading. It is worth noting that you can get a free VPS through some other brokers including IC Markets.
BDSwiss Platforms Summary
|MetaTrader 4 (MT4)||✓|
|MetaTrader 5 (MT5)||✓|
The BDSwiss Trading Academy offers a multitude of instructional tools to help traders of all levels improve their trading skills. There are some very insightful video courses, articles, webinars, and other resources available to assist you on your trading journey.
The primary trading academy is divided into three courses for novice, intermediate, and experienced traders. Each course includes videos as well as a quiz at the conclusion to put your knowledge to the test.
Research & Analysis
BDSwiss’s website’s market news and articles sections, which contain deep insights into several markets, are often updated. These insights may be utilised to stay current on market developments and discover prospective opportunities.
BDSwiss routinely hosts expert-led webinars to help you improve your trading expertise. Webinars include a wide range of subjects that are appropriate for traders of all levels. Chart analysis, trading strategy development, and other topics are covered. Hundreds of previously recorded webinars are also available for free.
The economic calendar highlights the most recent economic news releases as well as the projected amount of effect. You may narrow down the results by date, category, country, and impact. News releases are frequently employed in fundamental analysis.
Trade Companion is a useful tool in the cutting-edge trader’s toolset, designed to provide traders with a complete view of their trading history and performance. Trade Companion can act as a personal virtual mentor, enabling traders to identify which tactics have so far performed best for them and the areas in which there is room for improvement.
Trends Analysis, created particularly for BDSwiss traders in collaboration with the brilliant Autochartist, is a one-of-a-kind tool that allows you to detect possible trading opportunities right on BDSwiss’ WebTrader. You can discover developing and recently completed trends for hundreds of assets, observe pattern overlays and forecast price movements on the chart in real-time, and conduct trades with a single click.
Through their Telegram channel, BDSwiss provides free real-time trade notifications on important assets. These notifications give buy or sell indications, as well as stop loss and take profit levels. You can see the history of the trading alerts. Keep in mind that previous performance is not a guarantee of future performance.
BDSwiss black account holders are the only ones who may use the trading signal service. You must first download the Telegram app and request to join the VIP alerts Telegram channel in order to get the signals.
Trading Central’s top array of market screening tools can help you make better decisions. You can activate your BDSwiss trading account to gain access to TC’s technical insights, expert predictions, analyst perspectives, and the most popular market trends, all accessible via the “Tools” button on your dashboard. With this cutting-edge news feed, you may get the most recent market news sorted by the hottest and most discussed financial issues. I think this is an excellent tool for market analysis and it can save you from hours of mundane chart watching.
Autochartist, an integrated completely automated technical analysis programme, is also available to BDSwiss clients. This programme searches the market for trading opportunities 24 hours a day and provides you an alert when it finds them. It can scan all markets across several timeframes for you, saving you time. User manuals, a quick start guide, videos, e-courses, and eBooks are among the instructional tools available for Autochartist to assist you to understand how to use it.
When a trade signal is discovered, you may create visual and audible notifications. Choose to receive daily market information from your favourite assets in your inbox. As the day develops, this function can convey early warnings of potential trading opportunities. Autochartist can automatically display a forecast zone of projected price levels. This provides insight into the volatility of various assets, indicating which are more or less volatile. The video lessons demonstrate how to apply Autochartist chart patterns and technical analysis to your trading. You may receive fast visual and auditory notifications on freshly developed chart patterns as well as chart patterns that are nearing completion. These data enable you to evaluate the success rate of past alerts. You can receive visual and audible notifications on freshly generated Fibonacci patterns as well as Fibonacci patterns that are nearing completion. It is great to see the broker provide traders with both of Autochartist and Trading Central, as it is not something that many brokers do. Forex.com and GO Markets being a few other options who do have both of these superb market analysis tools.
The Live Forex Heat Map provides a fast snapshot of the most traded currency pairings and allows you to observe their price changes in real-time on a simple color-coded table. Using the heat map, you can quickly and simply discover the most significant forex uptrends and downtrends, as well as potential trading chances.
To do a range of calculations when you are in a hurry or if you are just not a fan of maths, you can use the handy Forex calculator. These can help you to prepare your trades and confirm money management.
- Margin calculator
- Swap calculator
- Pip/point Value calculator
- Currency converter
BDSwiss Research and Education Summary
BDSwiss provides a good selection of various payment methods, including bank transfers, cryptocurrencies, debit/credit cards, and e-wallets. There is something for everyone to make convenient deposit and withdrawals.
BDSwiss Funding Summary
BDSwiss Group is authorised and regulated by multiple government authorities. Here are the regulation licences of BDSwiss:
- FSC: BDS Markets
- FSA: BDS Ltd
BDSwiss Regulation Summary
|SFC (Hong Kong)||x|
|Other (FSA, and FSC)||✓|
BDSwiss offers client support 24/5 via phone, live chat, and email. I think they could improve by offering 24/7 support to keep up with competitors who do such as FP Markets.
BDSwiss is a multi-regulated and award-winning broker that offers a wide selection of products for trading across several asset classes. They provide robust trading platforms, as well as extra trading tools and a wealth of training content. Account types are adaptable to your specific needs, and customer service is swift and courteous. BDSwiss has a client-centric approach and employs cutting-edge technology to provide one-of-a-kind platforms and trading tools. They offer multilingual assistance 24 hours a day, five days a week, and dedicated personal account managers to assist you with your trading journey. Clients get access to a multitude of training resources, such as video lectures, webinars, and real-time expert analysis. However, the commission fees are not the lowest and spreads are quite high if you decide to choose an account that does not charge a commission fee. Overall, I think they are a good choice of broker for anyone who likes to get down to the nitty gritty of market analysis with some powerful trading tools at your disposal.