BDSwiss Review 2021| Trusted Forex Brocker

BDSwiss Review 2021

• BDSwiss Review : Is BDSwiss safe or a scam?
• Trading fees & commissions
• BDSwiss Review: Account Types
• BDSwiss Review: Trading Platforms
• Funding & Withdrawal methods
• Research and Education
• BDSwiss Review: Islamic accounts
• BDSwiss Review: Social Trading
• Customer support
• Author

Overview

• BDSwiss Review : Is BDSwiss safe or a scam?
• Trading fees & commissions
• BDSwiss Review: Account Types
• BDSwiss Review: Trading Platforms
• Funding & Withdrawal methods
• Research and Education
• BDSwiss Review: Islamic accounts
• BDSwiss Review: Social Trading
• Customer support
• Author

BDSwiss Review: Bdswiss is an international forex broker incorporated in the parliamentary republic of Mauritius. and its authorized and regulated by multiple top-tier regulatory bodies including CySEC. The broker started its journey in 2012, It have been able to gain huge popularity since its inception, and now they have about 1.5 million registered clients in 186 countries around the world and the monthly trading volume is over 84 84 billion, making them one of the largest forex brokers. Has become.

The company headquartered in Nicosia, Cyprus, its stringent regulations and licenses prove that they are able to provide a completely safe and secure trading environment. awards…

BDSwiss Homepage

BDSwiss Review : Is BDSwiss safe or a scam?

BDSwiss is the trade name of BDSwiss Holdings Plc. Currently, it’s incorporated under the strict regulatory framework and operates its services globally under 5 different entities, licenses & regulations. They are licensed from multiple (five) financial regulatory institutions, most notably CySEC (Cyprus Securities and Exchange Commission) and FSA (Financial Services Authority), as well as the NFA (National Futures Association), BaFin (BDSwiss GmbH), and FSC. The broker is fully compliant with the EU’s Financial Instruments Directive 2014/65/EU or MiFID II and the EU’s 5th Anti-Money Laundering Directive. Clients’ funds are protected under the Investor Compensation Fund (CIF), per EU Directive 2014/49/EU, up to a maximum of €20,000. Cross-border regulation across EU member countries applies.

Trading fees & commissions

This broker offers different types of trading account, commissions and fees are charges depending on the type of account. BDSwiss does not charge commissions on forex, crypto, and commodity pairs, for all other CFDs including indices and shares, a fixed commission fee will apply depending on your account type.

However, in the case of the RAW accounts, they charge $5 commissions per lot, and  For “investPLUS” they charge a 0.1% commission per lot. And spreads as low as 1.0 pips. Spreads increases depend on your currency pairs and liquidity.

Spread – The spread starts from 1.5 pips for major currency pairs (EUR/USD), and spreads are higher for more exotic currency pairs. BDSwiss also provides a RAW account with spreads starting from 0 pip and commissions set at $5 per traded lot. ($5000 initial deposit required for RAW account)
Commission – there is no commission for classic and VIP account holders but there is a fixed commission of $5 for RAW account holders and for investPLUS it’s 0.1%. BDSwiss charges a reasonable fee for index CFDs at $2 per lot, and a 0.15% charge per share applies to equity CFDs.
Rollover – If positions held overnight are subject to a rollover fee (swap fee). The swap fee varies depending on currency pairs.

BDSwiss Review: Account Types

Direct market access (DMA)

Account types

They offer 4 types of trading accounts. There is no commission for Classic and VIP accounts and carry an average spread of 1.5 pips and 1.1 pips, respectively.

The minimum deposit through a classic account is $100, but the spread is bit higher, and the minimum initial deposit for other accounts is $3,000 to $5,000. There is no option for the cent account, traders can test their trading strategy through the cent account.

Forex traders can find much more affordable brokers than this, even for small accounts the fees and commissions are kept much lower. And the minimum deposit is only $ 1 to $ 5.

BDSwiss Review: Trading Platforms

The BDSwiss broker features a proprietary mobile trading platform that works on both iOS and Android operating systems, also supports two legendary trading platforms – MT4 and MT5. Metatrader 4 is the most used trading platform for Forex traders. These platforms are available for all kinds of devices. So traders can interact with trading on the go.

BDSwiss Mobile App

When reviewing BDSwiss brokers we used their own mobile trading platform. Which is available for both Android and iOS devices. Mobile applications are good for those who want to keep an eye on trading all the time. The deposit and withdraw option also can be done by mobile app. Although it supports stop-loss, take-profit orders. But it does not support Forex Expert Advisors (robots), you need to use MetaTrader 4 or 5 to use trading robots.

MetaTrader 4 and 5

In addition, BDSwiss broker supports MetaTrader 4 and 5, the most popular trading platforms. There is nothing new to say about these platforms, hopefully, all traders are aware of MetaTrader 4 and 5 functionalities.

BDSwiss Web Trader

WebTrader enables you to access your trading account on any device. You can find a vast array of tools including unique indicators, automated trading via the pending orders feature, and an intuitive order window that automatically calculates position size, leverage, and required margin.

Funding & Withdrawal methods

Bdswiss supports a wide range of deposit and withdrawal methods and many base currencies for funding account.  BD Switch claims that they support a total of 151 payment methods, the amount of the payment methods varies depending on the trader’s location. Usually, it supports more than ten payment methods for each country. For wire transfer is can take between 2 to 7 days, and credit cards deposit can take up to 10 minutes and other e-wallet deposits are instant. And our review team happy to share that there is no fee for deposit and withdrawal.

Research and Education

The broker is far ahead of its competitors in terms of research and analysis tools and educational materials. To keep traders up to date they publish daily market analysis, technical analysis, daily market preview videos by Mr. Marshall Gittler, who is currently the head of the investment strategy at BDSwiss and he is also a renowned fundamentalist with more than 30 years of Financial Market Experience. previously worked at other brokers including FXPRIMUS and IronFX. The quality of the articles he writes is very good, and he keeps up with a video preview of daily fundamental updates.

Moreover every week they publish 2-3 live web banners. Also, provides trading alerts (signals) via Telegram channel, which only accessible to their VIP and RAW account holders.

BDSwiss Review: Islamic accounts

This broker does support Islamic swap-free accounts to serve their Muslim traders. Muslim traders are prohibited by their faith to accept the charges of interest. But only Classic and VIP account types supports swap-free trading account. With BDSwiss you can take advantage of more than a thousand share & EFTs assets, unfortunately, with an Islamic account, you can access only 250+ trading instruments excluding EFTs.

Please note, there is no button to turn on swap-free trading. You have to manually request the support team by emailing them. You have to send them a request by email (support@bdswiss.com) to help you further.

BDSwiss Review: Social Trading

Social trading becoming so popular these days, unfortunately, BDSwiss doesn’t feature any social trading solution. But you can still use MT4 OR MT5 to use any kind of EA’s or copy trading service.

Customer support

BDswiss support team provides 24/5 multilingual support. As our expert team reported their customer support response is much slower compared to other competitors. Typically it takes 1-5 min response time. In order to reach support you can use live chat, email, phone call, also there is a callback service available.