Is BDSwiss a Scam? Read This Brutally Honest Review

There is an abundance of trading and educational tools at your disposal with BDSwiss. Our review of BDSwiss tested the Trading Academy and found a comprehensive collection of webinars, eBooks, and educational videos that covers basic lessons to advanced trading strategies. BDSwiss is also regulated by the FSC in Mauritius and the FSA in Seychelles. While their little blip in the UK was defined as a scam and unauthorised, this broker has been around since 2012 and won several awards. Generally, BDSwiss does appear to be a safe broker but a short history and a poor reputation has certainly affected confidence in this broker.

Binary options when one trades is also a high-risk investment tool. To start trading with BdSwiss, you need to open an account and make a deposit. The minimum deposit amount varies depending on account types. There is a demo account available so that you can test out the platform before investing any money.

Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$. Full BDSwiss pricing including funding fees and Administration fee for non-use account, see the table below on our finds. Except for bank wire withdrawals from accounts, BDSwiss does not require a minimum withdrawal amount.

Over 200 videos are in the expanding library, allowing traders to learn at their own pace. There are a few exceptions, though, like if you wish to withdraw a sum of less than $100, €100, or £100. Any bank wire withdrawals under €100 and any other types of withdrawals totaling €20 or less will be charged a fee of €10. Their multilingual team is professional, sustainable, and available 24/5 for you to answer any questions via live chat, phone, or email. If you’re looking for a MetaTrader alternative, the WebTrader that is completely synchronized with the MT4 downloaded versions may be the way to go. The WebTrader is a proprietary online trading platform that does not require any installations or downloads, allowing you to use your BDSwiss account directly from any browser.

BDSwiss

Overall, because of its history of responsible behaviour, strict auditing processes, and wide industry acclaim, we consider BDSwiss, a trustworthy broker. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles under license number SD047. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

BDSwiss received an excellent score in the Deposit and Withdrawal category. The broker provides a high number of deposit and withdrawal options, which are available in multiple currencies. BDSwiss received a high score for customer service in our rating.

Our goal is to equip you with the knowledge necessary to confidently use BDSwiss trading tools, ranging from depositing and withdrawing funds to executing trades. It’s essential to be vigilant and rigorous in your BDSwiss broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of BDSwiss, its track record, and reputation is vital. Moreover, ensure the BDSwiss broker’s offerings, trading tools, fees, and regulation align with your requirements. If you are a new entrant in the world of online trading and brokerages, so many nuances will no doubt be confusing for you.

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The BDSwiss Mobile App is quite user-friendly and responsive. You can access all of the most significant functions from there, so you can do analysis and open your BDSwiss account management while on the go. You can also create an account, deposit, withdraw funds, and upload your KYC. BDSwiss’ mobile trading platforms are good when compared to other brokers. BDSwiss offers mobile versions of MT4 and MT5 in addition to its proprietary mobile trading app.

Please contact our support Team directly either via live chat through the BDSwiss website or via email at and a member of our Team will be able to assist you further with your query. Yes, Credit/Debit cards are accepted for deposits as well as Bank Wire transfers, Skrill, Neteller and many more depending on the the country of residence. If you would like to find which payment methods are available for your country of residence please contact us through the relevant channels and our Team will be happy to assist you further. Hi Mj, we are sorry to hear that you feel this way about your BDSwiss Experience so far. As we are unable to identify your BDSwiss account through your 55Brokers username we cannot investigate this further for you. If you wish to have this matter looked into, please provide us with your account details.

The company is not publicly traded and has no bank parent, which is usual for brokers. With BDSwiss, traders can open an account with BDS Markets regulated by FSC and BDS Ltd regulated by FSA . When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses.

The more bdswiss forex broker reviews traded by the user, the greater benefits will become available. BDSwiss has over 47 trading instruments to support all types of traders. These instruments are dynamic and convenient for both the new and experienced traders.

Do We Recommend BDSwiss?

The online services offered by BDSwiss are not yet accessible to customers situated in the US. Even though the group holds a US-based National Futures Association license, which may change, US customers cannot utilize the site regardless of their citizenship or foreign passports. However, their currency [EUR (€), USD ($)] is still applicable. BDSwiss LLC, BDSwiss Holding plc, and BDSwiss GmbH are all group members.

Because it’s a new version, MT5 has become popular among both novice and seasoned traders thanks to its advanced tools and thorough analysis choices. It offers competitive trading prices and a wide selection of features that include a strong portfolio function and the ability to trade Cryptocurrencies. You are able to trade Cryptocurrencies using CFDs with low fees.

Variable spreads are wide, starting at 1.50 pips on the EUR/USD. We were disappointed that trading fees at BDSwiss are generally higher than other similar brokers. The one exception is the Raw Account, which requires a minimum deposit of 500 USD. However, at BDSwiss all client funds are placed in segregated tier one bank accounts and are offered negative balance protection. If a client falls into a negative trading balance, BDSwiss will adjust the total negative amount so that the client does not suffer any loss. Additionally, BDSwiss’ offers its clients account statements regularly audited by external audit firms.

But while this could be a good resource and extra feature, please note that it’s available to VIP clients only. In other words, you will have to deposit $3,000 or more if you want to use it. In addition, BDSwiss offers a StockPlus Account, which provides access to 900+ stocks and 80+ ETFs. In this section, we check the broker’s market offering and how varied the instruments and asset classes are.

• The company offers excellent customer support and resolves issues promptly.
• You’ll also find no shortage of trading tools at BDSwiss either.
• Service is capitalized at BDSwiss, so get the trader with the higher deposit a personal contact.
• We check these factors and others so you know what to expect when trading with this broker.
• You can always view the past trades transparently on the homepage.

Numerous free upgrades are available, however, the upgrades that are necessary for experienced traders may be costly. Moreover, the MT5 platform lacks backward compatibility, rendering it an inconvenientoption to traders with existing solutions developed on the MT4 infrastructure. If you want to transfer money between your BDSwiss accounts, send an email to and specify which of your accounts you want to transfer money to and from, and don’t forget to include the account numbers.

Why does BDSwiss ask for my passport?

The company provides easy access to important information on its website. The broker also provides a detailed Help & Support Center which contains answers to frequently asked questions on Accounts, Deposits & Withdrawals, Trading, Troubleshooting, and VPS. From our examination, BDSwiss performed well for fees structure transparency, regulation protection transparency, and general transparency.

You will discover the clean design of the platform along with the admirable features are pleasant to work with. BDSwiss is a great broker, and its own users may vouch for it. The highlight of this platform is its fast order execution on transactions. As you know, BDSwiss operates with good conformation to regulations. It’s established lots of steps to protect all of its own investors.

Can’t see your question? Ask to get answers from the BDSwiss staff and other customers.

The signals are sent directly to your computer or smartphone via an app. Enter your personal information in the ready-made field and start the registration process. BDSwiss deals with your data with confidence and is DGSVO compliant. After you have opened the account, you can use the demo account or the real account. MetaTrader 4/5 is also available as an app for smartphones. Simply log in with the data from BDSwiss and start trading.

These benefits are what sets BDSwiss apart from all other online brokers. You need to check all the advantages listed so that you have a better understanding of BDSwiss. Over the past 11 years, BDSwiss has developed into one of the best online brokers available to the public.

BdSwiss Deposits and Withdrawals

These tools are offered free of charge to all BDSwiss registered clients. The mobile app offers basic trading, research, and account management functionality. The advantage of brokers offering third-party platforms such as MT4 and MT5 is that traders can take their own customised versions with them should they decide to migrate to another broker. Additionally, there are thousands of plugins and tools available for the MetaTrader platforms. However, these platforms are not as beginner-friendly as the proprietary platform offered by BDSwiss. BDSwiss trading platform arsenal includes both MT4 and MT5 and its own BDSwiss Webtrader platform, which provides beginner traders an excellent trading experience.

You can start using the https://forexhero.info/ 4 platform with BDSwiss in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s. BDSwiss allows traders to trade on mobile devices through Android and iOS devices. If you want to exchange with BDSwiss, you’ll require a minimum deposit of $500. This deposit is compulsory if you wish to start trading with BDSwiss. This 2023 BDSwiss review will guide you safely about trading with them.

• One of the other great points we should admit is Customer Support.
• However, range of instruments depends on the account type or BDSwiss entity you use.
• For additional trading platforms, the inactivity fee depends on the sort of account you’ve chosen.
• To withdraw money, log in to your account, go to the Withdrawal section, select your preferred payment method, fill in the withdrawal amount and submit your request.
• Thanks to the clear platform, independent analyzes can be carried out easily and with the app, you can keep an eye on your portfolio at all times.

Therefore, BDSwiss is entitled to provide services in the EU area and is a regulated broker. Com and I’ve not had any issue with my withdrawal, I was able to make $9,000 in a week. Another thing about oanda is their customer service won’t respond, Ben Armstrong offers the best, that where I can recommend.