CFD brokers White list

BDSwiss review and ratings

BDSwiss review and ratings
Broker complaint Leave a review on the broker

COMPANY INFORMATION

BDSwiss group includes 3 related companies.

BDSwiss CY – located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
BDSwiss MU – located in Mauritius, regulated by the Financial Services Commission (FSC).
BDSwiss SEY – legally registered entity located in the Seychelles, but not regulated by any government agency.

Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

AVAILABILITY

BDSwiss group accepts clients from all over the world, excluding USA, Belgium and some OFAC sanctioned countries.

DISTINCTIVE FEATURES

  • Lisenced and regulated by authorities in seperate regions.
  • Free daily trading alerts provided for registered clients.
  • Forex trading video courses and webinars.
  • Own wealth management program.

TRADING INSTRUMENTS

Forex broker offers the following underlying assets for trading.

70+ Currency PairsBased on major and minor world currencies.
21 Crypto PairsBased on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Monero, Ripple, Zcash, OmiseGO, EOS, IOTA, NEO, TRON.
12 Indice CFDsBased on baskets of different blue-chip stocks.
4 Metal CFDsBased on Gold, Silver and Palladium.
3 Energy CFDsBased on Crude Oil (WTI, Brent) and Natural Gas.
100+ Stock CFDsBased on shares of US, UK and EU companies.

COMPREHENSIVE REVIEW

BDSwiss is a large forex & CFD broker based mainly in Cyprus, with separate entities also registered in Mauritius and the Seychelles for non-European traders. Both Mauritius and the Seychelles are considered offshore jurisdictions in the world of forex trading, with much more relaxed regulations than what is found elsewhere.

As usual, traders based in EU & EEA countries will automatically be signed up with the Cyprus-registered branch of the broker when they become clients. This also means that all regulations from the European Securities and Markets Authority (ESMA) must be followed, including the limitation of trading leverage to a maximum of 1:30 for European traders. For all other traders, BDSwiss offers leverage of up to 1:400, which is slightly below the 1:500 leverage that many other international forex brokers offer.

In terms of instruments available for trading, BDSwiss has most assets covered. This includes nearly all of the commonly traded major and minor forex pairs, a large selection of more than 20 cryptocurrency CFDs, a handful of major stock indices, as well as various commodity CFDs. In addition, the broker offers stock CFD trading in more than 100 companies from the UK, US, and Europe.

What is missing, however, are bonds and exchange traded funds (ETFs), which were not offered by the broker at the time of writing.

When it comes to trading platforms, BDSwiss offers its own proprietary web platform which features the popular TradingView charts and an otherwise very well-designed and intuitive user interface. Another nice feature of the BDSwiss web platform is that it is fully synchronized with the downloadable desktop platform MetaTrader 4 (MT4), making it possible to switch between the two platforms at any time.

As mentioned, the broker also offers the classic MT4 platform, as well as its successor MT5. These platforms are ideal for traders who want access to even more advanced analysis tools, indicators and strategies, or for those who code their own trading algorithms, known on the platform as Expert Advisors.

BDSwiss lets users choose between three account types when signing up with the broker; a Basic Account, a Raw Spread Account, and a Black VIP Account. As usual, the Raw Spread Account, which offers low spreads starting from 0.0 pips, is the most suitable choice for professionals and large traders, while the Basic Account will do for most beginners.

As always, demo accounts are offered for free to traders who would like to practice with virtual money before risking their own hard-earned money.

All trading accounts with BDSwiss can be funded with the popular e-wallets Neteller, Skrill, iDeal, and Sofort. In addition, bank wire transfers and credit cards are also accepted when depositing money. Deposits and withdrawals made via credit card are processed free of charge by the broker, which we certainly appreciate. For other payment methods, a processing fee applies to small transfers only.

Trading accounts can be opened in either euros, US dollars, or British pounds.

Another thing we like about BDSwiss is that they seem to take customer service seriously. The broker offers local phone numbers with support for 10 different languages; German, English, Italian, Spanish, French, Greek, Swiss German, Swiss French, Swiss Italian, and Portugese. In addition, the customer service team can also be reached via the popular messaging apps WhatsApp and Telegram 24 hours a day on trading days.

All in all, we are of the opinion that BDSwiss has one of the better offerings out there, especially when it comes to its customer service. Offering 24-hour customer service in 10 different languages is simply impressive, and is something we very much appreciate. We also like the broker’s own web-based trading platform with its very elegant and minimalistic user interface, which should be easy enough for anyone to learn in a short time.

Leave a Reply

Your email address will not be published.