What is BDSwiss?
BDSwiss is an international brokerage firm established in 2012 in Zurich, which fastly approached Markets and became one of the largest trading groups. The current clients’ base of BDSwiss counting more than a 1.5 million clients from over 180 countries, as well as serving exclusive Member club that has more than 1.5 million traders.
Since the approach of the company establishment comes from Switzerland, its strong basis confirmed by the great environment company built. And ever since providing online trading services as a worldwide operating group with its headquarters in Limassol – Cyprus and established offices in Berlin – Germany, Kuala Lumpur – Malaysia, Tirana – Albania, Pristina – Kosovo.
| Pros | Cons |
|---|---|
| Strong establishment with regulated headquarter in Switzerland | Support not available 24/7 |
| Worldwide coverage through entities in the US and Cyprus, Mauritius, Seychelles | |
| Forex and CFD instruments | |
| Ultimate trading technology | |
| Choice between MT4, MT5, Mobile App and Proprietary platform | |
| Fast account opening | |
| Quality customer support |
10 Points Summary
| 🏢 Headquarters | Switzerland |
| 🗺️ Regulation | BaFin, ESMA, CySEC, FSC, NFA, FSA |
| 🖥 Platforms | MT4, MT5 |
| 📉 Instruments | Stocks, Commodities, Forex, Metals, Indices, Cryptocurrencies |
| 💰 EUR/USD Spread | 1.5 pips |
| 🎮 Demo Account | Available |
| 💳 Minimum deposit | $100 |
| 💰 Base currencies | USD, EUR, GBP |
| 📚 Education | Learning Academy with Forex Courses |
| ☎ Customer Support | 24/5 |
Awards
BDSwiss has earned not only great reviews from world trading community but also numerous industry awards for its successful operation and trading technology they heavily invest in. BDSwiss was rewarded and recognized for its excellent service and trading technology confirming its sustainable trading conditions and also very much recognizing its Trading App along with Trade Execution:
- 2020 BEST MARKET RESEARCH PROVIDER Fx Scouts Awards
- 2020 & 2019 BEST TRADING CONDITIONS World Finance Awards
- 2020 BEST FX & CEDs PROVIDER International Investor Awards
- 2020 BEST PARTNERSHIP PROGRAM ASIA Global Banking & Finance Awards
Yet, more of the detail you will see further in our BDSwiss Review so that you’re able to verify so.
Is BDSwiss safe or a scam?
BDSwiss is a trading name of the BDSwiss Holdings PLC, a company incorporated under the laws of Cyprus which also holds a Cyprus Securities and Exchange Commission license to provide its legal financial and trading services. As a state member of the EU, the Cyprus regulation fully complies regarding the provision of investment services with the European MiFID and MiFID II Directives designed to deliver a safe trading environment and control the operation of markets itself.
Also, BDSwiss being a holding serves entities in Cyprus, Germany and other offices where is all authorized to deliver trading opportunity.
| Pros | Cons |
|---|---|
| Regulated international broker | Not listed on Stock Exchange |
| Cross border licenses and global coverage | Runs offshore entities in Mauritius and Seychelles |
| Negative Balance Protection applied |
Is BDSwiss a regulated broker?
Thus, the BDSwiss company is eligible to provide services within the EEA zone and is a regulated broker, while the local authorities registered the company in their records of accomplishment or in simple allowing to conduct offerings legally due to broker’s records.
Another BDSwiss operation offices located in attractive offshore zones Mauritius and Seychelles, which is registered by the Mauritius Financial Services Commission (FSC) and all in all enhance the broker’s possibility to offer its service to various residents globally. Even though the offshore registration does not give serious and safe compliance to the trading standards and operation, since BDSwiss in parallel is regulated by the European respected authority overall it is considered to be a safe broker.
However, as we always recommend check on the regulation carefully and never sign in with an only offshore registered broker (read more why avoid trading with offshore brokers).
How are you protected?
According to the regulation, the security of funds along with the client protection delivered in multiple ways that ensure a safe trading environment and investors’ legal compliance. It is a fact that you are always protected as long as the broker is regulated by the regulations. Moreover, the BDSwiss registered with U.S. authority NFA as a member and an introducing company – BDSwiss LLC – authorized by NFA (U.S.) registration no. 0486419.
Leverage
Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe.
However, the opinions of authorities about “safe levels” are different, so make sure to verify under which regulation you will fall so that the level is defined correctly as well.
- European clients can now use only a maximum leverage level 1:30 for Forex instruments
- The global BDSwiss traders may be still entitled for a higher range of up to 1:500
- US traders entitled for 1:40
For the most accurate data check on the official BDSwiss platform and verify its allowance with your residual status, also make sure to check each instrument separately as it varies according to the asset as well.
Accounts
When opening your trading account there is an option to choose the desired base currency through the selection between the Euro (€), US Dollar ($) and the British Pound (£), which is definitely great as it means you will not be charged for currency conversion.
| Pros | Cons |
|---|---|
| Fast account opening | None |
| 4 Account types are offered | |
| Selection between three base currencies | |
| Demo Account and Live Account | |
| Daily Analysis and Exclusive Webinars for VIP clients |
Account types
BDSwiss currently offers three main account types which are Classic, Vip, Raw and InvestPLUS created to cater to the needs of different Forex traders through lower costs according to trading sizes and advanced services once size increase. While Classic and Vip account are based on spread only model, Raw account features interbank spreads and commission charge per lot.
BDSwiss also does offer a Forex or CFD “Demo Account”, that is free of capital risk environment allowing either to learn or practice strategies, check the trading conditions before the live account is active, which is very necessary for your better understanding.
In addition, every BDSwiss client is managed according to strict regulation broker adheres, while the account balance can’t fall below zero due to the applied negative balance protection.
How to open an Account?
- Load BDSwiss Sign In page. You may also sign with an existing account on Facebook or Google.
- Enter your personal data (Name, email, phone number, etc)
- Upload your documents to verify the account. It is a legal procedure to check proof of your residents, through utility bill, your ID or similar.
- Complete questioner about your trading experience and expectations
- Once your account is activated you will get access to your account area.
- Next, once you learn all risks and benefits involved, you may proceed with funding.
- Almost instantly you will be able to start trading through BDSwiss platforms.
