BDSwiss Broker Review

abdelaziz Fathi

BDSwiss Group is a multi-asset broker that has been operating since 2012. For ten active years, it has confidently and quickly grown into one of the world’s top CFD trading and investment products providers.

BDSwiss itself was established in Zurich, Switzerland, yet its group of companies operates in several jurisdictions and now serves clients in over 180 countries.

An impressive list of more than 1000 tradable instruments is constantly being updated, which helped grow the number of loyal customers to +1.5 million worldwide. BDSwiss provides traders with access to competitive spreads and an extensive range of assets, including hundreds of CFDs on forex, shares, commodities, cryptos and indices. 

Licenses and Regulations

BDSwiss is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 199/13. This regulatory status offers a cross-border approval that permits the company to provide investment services within the European Economic Area (EEA) zone.

In addition to its primary authorization by CySEC, BDSwiss holds other licenses to serve clients from different jurisdictions. This includes approvals from the financial services regulators in Mauritius and Seychelles. 

Trading with a multi-regulated broker like BDSwiss ensures that customer assets are not co-mingled with corporate funds, and keep them protected in the unlikely event that the broker becomes insolvent. 

The above regulators strictly oblige their authorized brokers to follow strict capital ratios and comply with risk management, training, accounting, and audit requirements.

Clients of BDSwiss’ Cypriot subsidiary have additional insurance through the Investor Compensation Fund (ICF), up to a maximum of €20,000. They also benefit from the negative balance protection, which is now mandated under the EU’s Financial Instruments Directive, or MiFID II, that went into effect in 2018. 

Overall, BDSwiss presents clients with four well-regulated entities.

 

CountryRegulator/License NumberEntity Name 
CyprusCyprus Securities Exchange Commission (License No. 199/13)BDSwiss Holding Ltd
Mauritius Investment Dealer by the Financial Services Commission (License No. C116016172)BDS Markets
SeychellesSeychelles Financial Services Authority (SD047)BDS Ltd

Trading Platforms

So talking about trading software, BDSwiss offers traders a broad range of options to access financial markets. Besides the industry-standard platforms, BDSwiss also offers its proprietary mobile app, which enables traders to open accounts, deposit and withdraw money, pass KYC verification and trade on the go.

BDSwiss Mobile App shows excellent performance and allows efficient position management thanks to the following features:

  • Real-time Quotes
  • Interactive Charts
  • In-Built User Tutorials
  • Live Chat & Support
  • Clean, User-Friendly Interface
  • Full Trading & Transactions History
  • Deposit and Withdraw Functionalities
  • Account Set-Up & KYC Verification
  • Pending Orders 
  • Indexing Tools and In-app Notifications
  • Two-factor authentication

The range includes the most popular trading terminal, Metatrader 4, and its newest version, MetaTrader 5. Additionally, you can access third-party applications and add-ons, all available free of charge. BDSwiss’ clients can embed services provided by Autochartist and Trading Central. 

On top of that, the company exclusively offers the ‘Trade Companion’ feature, which gives traders a comprehensive overview of their trading history and performance. Fully developed in-house, Trade Companion is exclusively available to clients holding VIP and Raw accounts.

What is also great is the powerful BDSwiss WebTrader with its advanced capabilities and interactive charts. The terminal offers everything you need within a web-based platform that can be accessed directly from any internet browser with almost the same productivity as its desktop version. WebTrader does not require downloading, and it is fully synchronised to the downloadable versions of the MT4, allowing for live price monitoring via an advanced market watch.

Available Products

BDSwiss provides an impressive product catalogue that includes +1000 instruments spanning forex, stocks, commodities, indices, cryptocurrencies, and ETFs. Unlike some of its competitors, BDSwiss supports major cryptocurrencies and altcoins with spreads that are extremely competitive across the 27 tradable pairs it offers.

Overall, the available product classes/instruments present a balanced mix, offering clients in-depth cross-asset diversification.

  • +50 forex pairs – major, minor and exotic currency pairs
  • +5 commodities – precious metals and crude oil
  • +25 cryptocurrencies – Bitcoin, Bitcoin Cash, Ethereum, Ripple & Litecoin
  • +10 Indices – FTSE 100, CAC 40, US 500 and ASX 200
  • + 900 shares and ETFs – 140 CFDs on the world’s biggest brands, and 80 ETFs CFDs

Leverage 

BDSwiss offers various leverage levels depending on the jurisdiction you trade in. Therefore, the leverage available to you is settled according to the regulatory requirement in your region. 

Retail traders of the entity regulated in Cyprus get a maximum of 1:30, in line with ESMA restrictions. 

The leverage ratio for EU clients applies as follows:

  • 30:1 for major currency pairs
  • 20:1 for non-major currency pairs
  • 20:1 for major indices
  • 20:1 for gold
  • 10:1 for commodities (excluding gold)
  • 10:1 for non-major equity indices

Option for retail traders to qualify as a ‘Professional Investor’ exists with the Cyprus subsidiary, which offers access to higher leverage ratios and other perks. Traders through brands incorporated in Mauritius and Seychelles qualify for maximum leverage of up to 1:1000.

Account Types

For the most part, BDSwiss keeps it simple – the broker offers three main account types: Classic, Raw and VIP. Under its FSC regulated entity, BDS Markets, the company also offers two additional account types, the Cent and Premium. From the very beginning, you can sign in for a demo account.

Each account type offers particular possibilities ranging from the trade size, spreads, commissions, asset offerings, and leverage levels. 

BDSwiss classic account enables clients to trade on tight spreads with no commission. The Raw account is based on raw spreads and a commission charge per million traded. Designed for traders looking to reduce their trading costs, it presents interbank quotes starting from 0 pips spread, but with a commission of 5€/$/£ per lot.

Clients with high trading volumes are eligible for premium services through BDSwiss’ VIP Account. The range includes $0 commissions on index products, a personal account manager, unlimited access to trading alerts, and exclusive access to BDSwiss’ in-house analytics tool, Trade Companion.

You may see below a detailed discrepancy of account types in order to understand what each is about.

Account Type CentClassicPremiumVIPRaw
Avg. Spread 1.5 (EUR/USD)1.5 (EUR/USD)1.1 (EUR/USD)1.1 (EUR/USD)0.3 (EUR/USD)
Available forBDS Markets (FSC)

BDS Ltd (FSA)

All Jurisdictions BDS Markets (FSC)

BDS Ltd (FSA)

All Jurisdictions All Jurisdictions 
Leverageup to 1:500up to 1:30 (CySEC)

up to 1:500 (FSC/FSA)

Up to 1:1000up to 1:30 (CySEC)

up to 1:500 (FSC/FSA)

up to 1:30 (CySEC)

up to 1:500 (FSC/FSA)

Instruments70+250+70+250+250+
Available CFD AssetsForex 

Commodities 

Forex 

Stocks 

Indices 

Commodities 

Cryptos (only under FSC/FSA) 

Forex 

Commodities

Forex 

Stocks 

Indices 

Commodities 

Cryptos (only under FSC/FSA) 

Forex 

Stocks 

Indices 

Commodities 

Cryptos (only under FSC/FSA) 

Commissions 

(per round lot)

$0 on all pairs$0 on pairs

$2 on indices 

0.15% on shares

$0 on all pairs$0 on pairs

$0 on indices 

0.15% on shares

$5 on pairs

$2 on indices 

0.15% on shares

Margin Call at 50%100% (CySEC)

50% (FSC/FSA)

50%100% (CySEC)

50% (FSC/FSA)

100% (CySEC)

50% (FSC/FSA)

Stop out at 20%50% (CySEC)

20% (FSC/FSA)

20%50% (CySEC)

20% (FSC/FSA)

50% (CySEC)

20% (FSC/FSA)

Platforms WebTrader

Mobile App

MetaTrader 4

MetaTrader 5

WebTrader

Mobile App

MetaTrader 4

MetaTrader 5

WebTrader

Mobile App

MetaTrader 4

MetaTrader 5

WebTrader

Mobile App

MetaTrader 4

MetaTrader 5

WebTrader

Mobile App

MetaTrader 4

MetaTrader 5

Trading Alerts Limited AccessLimited AccessLimited AccessVIP AccessVIP Access
Autochartist

Performance Stats

[+] $500 

min deposit

[+] $500 

min deposit

[+] $500 

min deposit

Personal Account Manager[+] $1000 

min deposit

[+] $1000 

min deposit

[+] $1000 

min deposit

Priority Services 
Autochartist Standard Tools
Trading Central
Trading Academy & Live Webinars
Trade Companion
Islamic Account 
24/5 Support
Minimum Deposit 10€/$/£100€/$/£100€/$/£3,000€/$/£5,000€/$/£

Research and Education

BDSwiss offers quality research through in-house resources with each of them featuring different capabilities. A healthy roster of market insights, offered through renowned technical analyst Frank Walbaum and veteran fundamentalist Marshall Gittler, fills the need for advanced topics. 

Marshall Gittler, the head of investment research at BDSwiss Group, is a professional fundamental analyst with 30 years of experience in the financial industry. BDSwiss market analyst Frank Walbaum is a seasoned trader and portfolio manager who has single-handedly managed a €450 million forex fund.

Overall, market coverage resources are impressive. You will also get access to technical analysis performed by Trading Central, and pattern recognition for real-time insights by Autochartist. 

BDSwiss also shines when it comes to education. The official website features a trading academy that delivers free e-books, video tutorials and daily webinars in multiple languages. BDSwiss clients are able to choose from a wide array of free educational webinars, live trading sessions, expert interviews, market commentary and real-time strategy webinars. 

Novice traders are very much welcomed at BDSwiss. They will get the necessary education support that enables them to have their questions answered live by true industry professionals.

What’s more, BDSwiss gives traders direct access to the setups of its professional traders along with their insights on current market trends via Telegram. The trading alert service features an exclusive version to the VIP and Raw account holders.

Customer Support

BDSwiss provides multilingual customer support in 20+ languages 24 hours a day, Monday to Friday. The bulk of customer support at BDSwiss consists of its client portal, FAQ section, and Telegram channels. In case the need arises, BDSwiss ensures easy access to live chat, E-mail, and a toll-free phone line. 

Bonuses and Promotions

Bonuses and promotions at BDSwiss are available in select jurisdictions. Where available, BDSwiss presents traders with a deposit bonus and referral promotions if the eligibility criteria are met.

Opening an Account

Opening a trading account at BDSwiss is as user-friendly and straight as submitting some personal information and a valid email address. But as a regulated broker, account verification at BDSwiss is a mandatory final step to comply with AML/KYC regulations. Most traders will satisfy verification requirements by sending copies of documents supporting their ID and residency. 

Deposits and Withdrawals

In terms of funding methods, BDSwiss supports numerous payment options that are mostly offered with no charges on the part of the broker. Yet, you need to check the availability and actual cost depending on the jurisdiction and payment method as some may be restricted for a particular region and third-party fees might be applicable.  

BDSwiss also offers instant withdrawals for up to 2,000€/$/£ and charges $0 fees on all credit card withdrawals. However, the broker charges a fixed fee of 10 EUR for bank wire withdrawals below 100 EUR.

In total, BDSwiss clients have a choice of 150+ international and local payment methods, including commonly used ones, such as bank cards and e-wallets. 

To simplify the funding of accounts, BDSwiss lists the following methods to deposit or withdraw money.  

Payment MethodCommissionProcessing Time
Visa/Mastercard0%Immediate
Maestro0%Immediate
Giropay0%Immediate
Sofort0%Immediate
EPS0%Immediate
iDEAL0%Immediate
Dotpay0%Immediate
Skrill0%Immediate
NETELLER0%Immediate
Bank Wire0%Immediate*
Online Banking0%Immediate

Verdict

With extensive educational resources, a product catalogue that spans a multitude of asset classes, a plethora of research and market insights, and an emphasis on customer service, BDSwiss offers an excellent fit for all types of traders. 

In terms of trading costs, there are no unwieldy fees, and although the spreads aren’t the lowest, they are very competitive. 

BDSwiss also provides a variety of account options with five different types. The range also includes the Islamic account, which is suitable for traders from the MENA region or beyond.

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