The broker got a high score in the Customer Support section thanks to the quick and professional answers of the support team and a high number of customer support languages. Sometimes withdrawals can take up to 10 to 15 working days and sometimes even longer depending on the region, location or payment processor. I was initially introduced to BDswiss to get a free signal service. I didn’t use the specific link provided by the signal service to sign up for an account and BDswiss said they can’t change my account once I created it. This defeated the purpose of having the account so I requested my money to be refunded. They said no we can’t give you your money back until you validate your account and provide ID and proof of residence.

BDSwiss Broker was launched in 2012 and claims to have more than 1.5 million registered trading accounts to date. Wide range of trading instruments including 51 currency pairs, 20 Crypto CFDs available. 250+ CFD instruments are available under FSA while +1000 CFDs are available under FSC. BDSwiss accepts traders from South Africa, but it is not regulated by FSCA and does not have a local office in South Africa currently. Before deciding to trade Forex or any other financial instrument, you should carefully consider your investment objectives, level of experience, and risk appetite. BDSwiss has headquarters in Germany, United States, Cyprus, Seychelles and Mauritius.

Account Types and Features

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. BDSwiss arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount is $100, in most cases the withdrawals processed free of charge. BDSwiss minimum deposit is 100$ for Classic account, which is an attractive opportunity to many traders for a Classic account. Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits as well.

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. BDSwiss allows traders to choose from 4 different Live account types according to your own preference & suitability.

The BDSwiss Forex MT4 platform is perfectly equipped for traders who wish to trade in the financial markets . All the necessary tools and resources needed to analyze price dynamics of financial instruments, make and edit trade transactions, create and use automated trading programs are provided. This highly customizable platform allows traders to create a trading environment tailored to their preferences and trading strategies. BDSwiss is a trading name of BDSwiss Holdings Ltd., which is 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. BDSwiss provides access to forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies with a minimum deposit $10.

Holding customers for every client account, traders of any skill level or degree of expertise can gain easy access to asset classes and tools, all of which are designed to deliver a superior trading experience. Metatrader 5 being a newer version has 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 one either with manual trading or automated trading through EAs. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size.

Forex Risk Disclaimer

MetaTrader 5 is the updated version that provides a much wider range of trading instruments across several global financial markets. To complete the Know Your Customer procedure, Kenyan traders must provide identification and proof of residence after completing the application. Traders in Kenya access and fund the trading account after the necessary paperwork have been gathered and validated.

BDSwiss to provide their Forex/CFD trading services to over 4 million clients. 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, I came across a company called Forex Mania, it says it offers copy trading via BDswiss broker. By maintaining optimum support and assistance, BDSwiss also educates its clients through its Trading Academy.

For a comprehensive review of the fee structure at BDSwiss, we have divided it into trading and non-trading fees. The incurred charges at BDSwiss differ for the account type chosen by the trader. Hi Naso, there are various ways which you can use to withdraw your profits and funds from your BDSwiss account, based on the country you reside, whether you have an IBAN or not. To assist you further with this query or if you like us to assist you with any clarifications, please provide us with your BDSwiss account details in your next reply. Alternatively, feel free to contact us at and our Team will be able to guide and advise you accordingly.

Advantages & Disadvantages of BDSWISS

ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners , check out our ForexBrokers.com Annual Awards page. Trading leveraged instruments such as Forex & CFDs are risky and can result in lose of your capital. Compared to other Forex brokers in South Africa that are regulated by FSCA, BDSwiss holds a lower safety rating due to them not being regulated locally or with any Tier-1 regulator. BDSwiss is not listed on any stock exchange and does not hold a banking license.

There are genuine problems that need to be acknowledged however. They likely wouldn’t put so much effort into developing software, adding so many assets and tools if it was all just a sham. These flaws are bdswiss forex broker review likely issues that stipulate from incompetence and/or technical flaws. BDSwiss platform was designed by this broker, and the chief goals were to make the interface friendlier, simpler and yet versatile.

BDSWISS offers traders of all levels access to its award-winning educational and analytical resources. Depending on the account that users choose, trading with BDSWISS will involve fees starting at $2, spreads ranging from 0.3 pips to 1.5 pips, and commission-free trading. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds.

Education and Research Review of BDSWISS

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, we would advise to double-check security layers too if it is suitable for you personally. 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.

• Once completed, webinars are added to the video library and combined with other educational videos about aspects of trading and market analysis.
• There are some interesting features, like the Trend Analysis tool that works somewhat like Expert Advisors, as well as many other interesting solutions.
• BDSwiss is a global brokerage agency established in 2012, which fastly approached Markets and have become one of many largest buying and selling teams.
• The interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5’s capabilities.
• It has a registered address only in Cyprus and Seychelles.The headquarters of BDSWISS are in Cyprus, Germany, the Philippines, and Seychelles.

We were happy to see during our BDSwiss review that asset selection at BDSwiss is ample but largely dependent on the asset sector chosen. The Forex market represents the most adequately covered sector with 51 currency pairs. Seven commodity CFDs https://forexarena.net/ provide traders with an introduction into this asset class. Surprisingly, with 21 cryptocurrencies, this broker offers a fairly substantial range of choices, which is quite refreshing given that this is an area often neglected by brokers.

Commissions & Spreads Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based. That being said, please note that a 10 EUR fee will apply to any bank wire withdrawals under 100 EUR and any other withdrawals amounting to 20 EUR or less. For bank transfers via wire transfer international payments from a bank account, the minimum withdrawal amount is 50 EUR after the deduction of the 10 EUR basic fee.

Apart from lower spreads and 0 commission on all the available trading instruments, clients with VIP account can avail various other features over the classic account. The VIP account grants access to various features like trend analytical tools, autochartist, personal account manager, VIP trading alerts, etc. The classic account type allows trading on all the available instruments but grants limited access to features like autochartist and trading alerts. With a deposit of more than $500 or equivalent, traders can gain access to the autochartist and with $1000+ deposit you get access to personal account manager features. Our withdrawal procedure is dictated by various anti money laundering laws and regulations to ensure client-funds safety.

This is ridiculous since they didn’t require it to take my money. I then provided my ID and proof of residence and they emailed me back saying they don’t approve of my address even though it is identical on all my ID’s. I jumped through the ridiculous hoops to get my money back and then they come up with another excuse not to give it back.

BDSwiss brokers platform works with different kinds of payment service providers which makes it applicable to cover a wide range of different deposit methods around multiple countries. By maintaining optimum support and assistance, refined products, and full transparency, the BDSwiss also educates its clients through its Academy. Educational resources covering useful information on how to operate in capital and markets, develop own trading strategy with accredited courses and webinars. BDSwiss offers versions of both Metatrader4 and MetaTrader5 suited to various devices including PC, Mac, App, or Web platforms that require no installations. Yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders.