The incurred charges at BDSwiss differ for the account type chosen by the trader. MT5 being a newer version also gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced either with manual trading or automated trading through EAs.
There are no limits on the amounts of cash that can be deposited or withdrawn, although a EUR 10 fee will be applied to bank transfers under EUR 100 and the minimum withdrawal allowed by bank wire is EUR 50, including the EUR 10 fee. When you open an account with BDSwiss you can opt for the trading currency preferred, including UK £, US $, Euros, Danish Kr, or Swiss CHF. The platform offers a variety https://forex-review.net/bdswiss/ of ways to deposit or withdraw cash, including bank transfers, credit or debit cards, Skrill and Sofortüberweisung (Sofort). You can trade a variety of asset classes at BDSwiss, including Forex, commodities, indices, shares and cryptocurrencies. If you’re looking to trade the forex markets, you can choose from all major currency pair CFDs, most of the minor currencies and a number of exotic pairs.
Trade with a Regulated Broker
Benefits vary with each level, with VIP access, charting tools and access to an account manager all dependant on the account type or deposit size. With spreads starting at just 1 pip and available leverage up to 400 times your cash investment, this is certainly a broker that deserves serious consideration. Small commissions (0.1%) are charged for stock CFD trades and also when you roll a trade over to the following day.
Automated trading is marketed with the use of pending orders, failing to capture the essence of this emerging sector. Withdrawal requests are processed by BDSwiss’s Account Team within one working day. However, the time required for the funds to be transferred to the account may vary, depending on the payment method. The customer support executives at BDSwiss can be reached out for assistance at any step in the trading process.
Popular Forex Reviews
From raw variable spreads that can start as low as 0.0 pips to institutional grade liquidity and rapid execution, traders of all levels will be able to enjoy and appreciate the exceptional value that BDSwiss delivers. This BDSwiss review provides an overview of the forex and CFD services from BDSwiss to enable you to compare similar brokers. We look at the trading platform, login process and account types, including the RAW account which offers unique trading opportunities and sets BDSwiss apart from rivals. The Classic and VIP accounts carry an average spread of 1.5 pips and 1.1 pips, respectively.
- For a comprehensive review of the fee structure at BDSwiss, we have divided it into trading and non-trading fees.
- Apart from offering clients market access through MetaTrader 4, which is known for its uptime, connectivity, and overall reliability, BDSwiss clients also can use MetaTrader 5 which is available to all account types.
- Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
anytime and anywhere you want.
- BDSwiss arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount is $100, in most cases the withdrawals processed free of charge.
- In recognition of its efforts to offer traders the best possible conditions, BDSwiss was awarded the “Best Trading Conditions 2019” by acclaimed awarding body World Finance.
- Besides lots of currency pair,
BDSwiss also offers some instruments you would like to trade on, such as
Forex, CFD and Crypto for your best choice.
There are three trading accounts that can be chosen, either a Classic, VIP or Raw. Two of the three are commission-free while the third, Raw carries a $5 commission charge on trades in excess of $5,000. All offer an identical range of features with the exception of the classic, which does not include the VIP trading Alerts via Telegram. In terms of product offerings, it should be noted that both the Classic, VIP and Raw incur a minimal $2 free on indices and a 0.15% on shares, but are free of any withdrawal fees. Founded in 2012, BDSwiss is a Swiss-based brokerage firm that trades under the name of BDSwiss Holding Plc and boasts 1,043,859 accounts and volumes of 11,448,594,083 each month.
Recent customer reviews of BDSwiss
The total no. of CFD trading instruments are high at BDSwiss compared to other CFD brokers. The Classic & VIP account types at BDSwiss can be opened with either MT4 or MT5 trading platforms and the number of available trading instruments is nearly the same. 250+ CFDs on Shares, Indices, Forex, Commodities and Cryptos are available with these 2 account types. Some of the CFD instruments are not available to trade with VIP and Raw account types.
The inactivity fees can be very ineffective for the traders who trade occasionally. BDSwiss Trading Fees
This includes the fees that are incurred while executing trades. BDSwiss offers 4 active trading accounts namely Classic, Premium, VIP & Raw trading accounts.
Does BDSwiss or Forex4you offer lower pricing?
The first step towards registering is completing its registration form, which will request your first and last name, country where residing, telephone number, email and password, agreeance to its terms and conditions. The next step will requiring selecting a real or demo account followed by the completion of your profile, which includes entering your date of birth, your address, city, postal code, region, country and nationality. Lastly, all traders are required under the regulations that govern BDSwiss to provide verification documents before being able to fund their account and begin trading. For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FOREX.com and BDSwiss offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.
FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to BDSwiss’s 51 available pairs. Forex pairs aside, FOREX.com offers traders access to 5500 CFDs while BDSwiss has 1081 available CFDs, a difference of 4419. In our analysis of 23 international regulators across 62 of the best forex brokers, FOREX.com is considered low-risk, with an overall Trust Score of 99 out of 99.
The EUR/USD carries an average spread of 0.3 pips in the Raw account. Four regulatory jurisdictions create the framework under which this broker operates. BDSwiss LLC, is registered with the US National Futures Association. BDS Markets holds an Investment Dealer license issued by the Financial Services Commission of Mauritius. For better understanding, you could also visit BDSwiss articles,
and find any news about BDSwiss to follow what updates they bring to the market,
all specifically written in multiple languages. Are you a non-English speaker and look for more resources on BDSwiss in your language?
Trading accounts of BDSwiss
Forex traders will likely find a lower cost structure in many entry-level accounts at other brokerages even against the VIP account offered at BDSwiss. The Raw account consists of adequately priced spreads, and a fixed commission of $5 per traded lot on all currency and gold pairs. BDSwiss offers different account types to match the suitability of all types of traders.