BDSwiss Review – Should You Use This Forex Broker?

About BDSwiss

BDSwiss is a top-ranked forex broker who has been around the industry for almost a decade. Founded in Switzerland in 2012, they have since grown around the world and now operate from a total of 10 locations around the world. Beyond having a strong physical presence in many of the major markets, the broker is also very well regulated by a number of top-tier regulatory bodies. 

As with all of the major forex brokers we have reviewed, here you will find the very latest on BDSwiss and why they may be the ideal broker choice for you.

BDSwiss Account Opening

Opening an account with BDSwiss, like with so many other top forex brokers, is a relatively hassle-free, quick process. All that you will really need to have at hand is a copy of your ID with a passport being the best choice, and a copy of a utility bill or bank statement that is within the last three months in order to prove your residence. 

With these documents, you should fly through the BDSwiss verification process without any trouble, and to that end, your account will typically be open and ready to trade on the same day.

 Minimum Deposit

The BDSwiss minimum deposit will vary depending on the account type you choose, though for a BDSwiss Classic Account type, the minimum deposit will be just $100.

Account Availability And Account Types

As a global broker, BDSwiss is available in more than 180 countries, with only a few exceptions. The USA is among these exceptions with trading not available there, though BDSwiss does an excellent job of being available in other locations. 

There are three main account types available at BDSwiss. These are the BDSwiss Classic account, which has a minimum deposit of $100, the Raw Account, which features great value spreads from 0 pips but with a $5,000 minimum deposit, and a VIP account where spreads start from 1.1 pips along with various other benefits. 

The broker also makes a demo account available for 30-days to try out, as well as an Ilamic trading account, and a professional trading account should you qualify for one.

BDSwiss Product Offerings

There are more than 200 assets to trade in at BDSwiss. This selection includes more than 50 forex currency pairs, which are major, minor, and exotic. You can also choose to trade in commodities, and indices CFDs as well as more than 140 major company stocks from around the world, and a total of 20 crypto assets, all traded as CFDs. 

BDSwiss Commissions And Fees

BDSwiss has both commission-free and commission-based trading options available. If you choose to open the most popular individual account, then trading here is commission-free with a spread that starts relatively high at 1.5 pips on some markets. 

If you opt for the BDSwiss Raw Account type, then you will have a much lower spread to pay, which starts out from 0 pips, but a $5 per lot traded commission is charged. 

With other fees, deposits and withdrawals tend to be largely fee-free, though you must withdraw more than $20 to avoid a $10 broker fee. Standard overnight charges apply unless you are trading on an Islamic Account, and a steep inactivity fee of 10% of your balance after 90 days of inactivity is in place.

BDSwiss Platforms And Tools

When it comes to trading platforms, both MT4 and MT5 are offered to traders at the broker. These MetaTrader platforms, of course, are among the top forex platforms we have seen to date. Also on offer is a proprietary web trading platform from the broker to give you a range of choices. 

Desktop Platform

The two trading platforms which are made available in desktop format with BDSwiss are MT4 and MT5. They are extremely well-known and trusted by traders around the world as one of the most long-standing third-party trading platforms in the sector. They provide you with an easy to use, robust trading platforms which can run on almost any device, but also offers a great depth of charting tools and indicators for a highly customizable trading experience. 

The BDSwiss WebTrader is available for in-browser trading, which again is very well put together, and extremely user-friendly while retaining all of the functionality and key features you would expect from a top trading platform.

Mobile Trading Platform

The BDSwiss mobile trading platform is again proprietary in nature and has actually won multiple awards in recent years for the service it provides. The platform is comprehensive in the tools it provides and the functions it can perform, yet it is very lightweight and easily accessible to all mobile traders, so you never have to miss a market move.

BDSwiss Education And Research

BDSwiss provides an excellent range of educational resources on a par with many of the top educational services we have reviewed. These are centered primarily around their well-respected “trading academy.” This section provides a depth of content to keep you learning, which is suited to all levels of trader and consequently has been subdivided into several categories to suit your skill level. Here you will find a helpful range of video content and a number of live trading talks that you can attend with industry experts. 

Many of these same experts are involved in the brokers research section. The broker provides 8 expert analysts, each with their own area of expertise to provide a regular market overview and updates on every asset that is offered for trading, and the wider market so you can be kept up to date.

BDSwiss Differentiators

A couple of the key difference makers at BDSwiss starts with the regulatory oversight that they allow. They are excellent at prioritizing your safety and security as a trader. This is demonstrated by the excellent level of regulation they have in place all around the world from top-tier regulators. 

The next area which sets the broker apart is their dedication to providing you with a top-quality educational experience with something useful to fit all levels of trader. This, on top of the detailed and insightful research section that the broker provides, works to set the standard for many other brokers in the sector. 

Customer Service

With customer service, the broker also performs very well. They carry language support for 10 different languages through all formats of their customer support, which is available through a web-based live chat, email, or through local phone contact in a number of places worldwide. 

Also, in place, they have a detailed FAQ section on their website to answer any questions you may have, without the need to call.

BDSwiss Trustworthiness

This is another area where the broker truly shines through. They are comprehensively regulated by some of the most respected bodies in the industry. These include CySEC in Europe, the FSC in the Seychelles, the FSA in Mauritius, and the NFA in the US. 

Even though the broker is not yet available in the US, they have still been regulated by the NFA. This is indicative of their possible future plans, and again is evidence of their prioritization of trader security and compliance.

Conclusions For BDSwiss

Overall, our BDSwiss review has found a top international broker who is well-regulated and takes the protection of traders very seriously. Beyond this, if you choose BDSwiss, you will be getting an experienced broker with a range of suitable account types available to be accessible to all. 

They also boast some of the top third-party trading platforms alongside their own excellent proprietary trading platforms. This allows you, as the trader, and an excellent range of choice. 

Finally, they cater to many languages making this an ideal choice for traders from many countries, and the perfect selection if you are interested in furthering your education in the sector thanks to a very top-quality education and research offering.