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). In addition, the broker is registered and regulated by multiple government regulatory authorities such as (CYSEC, BaFin) in the EU and FSA in Seychelles.
BDSwiss offers over 1000 trading instruments from multiple asset classes such as forex, commodities, cryptocurrencies, shares, indices, and ETFs. In addition, BDSwiss provides multiple investing 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 over 1 million clients. Therefore, the broker provides a ton of educational and research resources, including study standards such as Trading Central and AutoChartist. In addition, VPS service is also provided by the broker for automated trading.
In this review, we will go through the pros and cons of BDSwiss from all considerable aspects and briefly talk about all the services the broker provides.
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 over a decade-old forex and CFDs broker with over 1000 market offerings. The broker is strictly regulated by CySEC, BaFin, FSA, and FSC. Asset classes include currency pairs, stocks, indices, crypto, commodity futures, and baskets (ETFs). In addition, BDSwiss provides MetaTrader platforms and its own BDSwiss WebTrader and mobile apps. Moreover, the broker offers various account types with different conditions and offerings. BDSwiss provides demo accounts and swap-free Islamic accounts as well. BDSwiss requires a low minimum deposit to get started. In addition, the broker provides third-party research tools such as Trading Central and AutoChartist. BDSwiss also provides trading courses, webinars, and other 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. In addition, BDSwiss has a requirement of a $10 minimum deposit. Moreover, the broker does not provide fixed spread accounts, and there is an inactivity fee for staying inactive for more than 3 months. In addition, 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
BDSwiss provides over 1000 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.
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.
Classic Account: There is no commission fee charged on the classic account, and spreads start from 1.5 pip.
VIP Account: On VIP accounts, you can trade without paying any commission fee and with spreads starting from 1.1 pip.
Raw Account: On Raw accounts, traders can enjoy tight spreads starting from 0.0 pip and paying a commission fee of $5 per standard lot per side.
|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.
MetaTrader 4 (MT4)
Access over 1000 underlying products across six asset classes at some of the most reasonable prices. With the BDSwiss Forex MetaTrader 4 platform, you can trade like an expert. You may trade with confidence and security thanks to the industry-leading platform. In addition to the benefits described above, the platform provides a variety of other features such as distinct trade execution tools, alerts, and email notifications. BDSwiss Forex MT4 has improved the industry-leading MetaTrader MT4 platform with BDSwiss’ superior technology to provide a user-friendly trading interface designed to accommodate traders of all levels.
The BDSwiss Forex MT4 platform is ideal for traders who want to trade in financial markets (forex, indices, commodities, and more). All of the required tools and resources are supplied to study the price dynamics of financial instruments, execute and update positions, and construct and utilise automated trading algorithms (Expert Advisors). This highly configurable platform enables traders to design a trading environment that is specific to their tastes and trading tactics.
Here are 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)
BDSwiss’ MT5 trading platform offers more features. 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 most recent MetaTrader 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 platforms on the market.
Here are 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 expanding client base. The BDSwiss WebTrader, which focuses on simplicity, reliability, and performance, provides an unparalleled trading experience that is accessible from all browsers and includes exclusive trading tools such as a built-in Trends Analysis feature, which provides traders with a full overview of the biggest market opportunities, 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. The WebTrader, which is available in over 20 languages, is intended to meet the needs of traders all around the world. The BDSwiss WebTrader, which 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 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 Mobile 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 while on the move. 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, Litecoin, Ripple, 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.
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 video courses, articles, webinars, and other resources available.
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 basic 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, designed to be every trader’s personal virtual mentor, enables traders to identify which tactics have so far performed best for them.
Trends Analysis, created particularly for BDSwiss traders in collaboration with AutoChartist, is a one-of-a-kind tool that allows you to detect some of the most lucrative trading opportunities right on BDSwiss’ WebTrader. 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. 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.
Autochartist, an integrated completely automated technical analysis programme, is available to 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.
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, use the Forex calculator. These will assist you in better understanding Forex and CFD trading.
- Margin calculator
- Swap calculator
- Pip/point Value calculator
- Currency converter
BDSwiss Research and Education Summary
BDSwiss provides various payment methods, including bank transfers, cryptocurrencies, debit/credit cards, and e-wallets.
BDSwiss Funding Summary
BDSwiss Group is authorised and regulated by multiple government authorities. Here are the regulation licences of BDSwiss:
- CySEC: BDSwiss Holding Ltd
- FSC: BDS Markets
- BaFin: BDSwiss GmbH
- FSA: BDS Ltd
BDSwiss Regulation Summary
|SFC (Hong Kong)||x|
|Other (BaFin, FSA, and FSC)||✓|
BDSwiss Holding PLC is governed by the Markets in Financial Instruments Directive (MiFID), which promotes more openness in the European Union’s financial markets and standardises the regulatory disclosures necessary for specific markets. As a regulated investment business, they must follow all applicable European and local rules and regulations governing the provision of investment services, the conduct of investment activities, and the functioning of regulated markets. Client monies are not held in the same bank accounts as the firm by BDSwiss. They are kept separate at top-tier banks to prevent them from being utilised for other purposes, such as operational expenditures. Client money should be easily accessible and withdrawable in a timely and efficient way.
BDSwiss offers client support 24/5 via phone, live chat, and email.
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 kinds 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 provide multilingual assistance 24 hours a day, seven days a week, and dedicated personal account managers to assist you with your trading experience. Clients get access to a multitude of training resources, such as video lectures, webinars, and real-time expert analysis.