07 Mar BDSwiss broker review 2023 ++ Scam or not? Real test
Because BDSwiss is not regulated by the FCA or CySEC, it can offer high leverage to retail traders across all its trading instrument classes. BDSwiss has a good range of trading instruments compared to other offshore brokers, including 900+ shares and 26 cryptocurrencies. In Europe, BDSwiss does not offer bonuses or exclusive promotions due to regulatory restrictions.
The broker offers a high number of deposit and withdrawal options that are available in multiple base currencies. Traders can use MetaTrader 4, MetaTrader 5, BDSwiss Mobile App, and BDSwiss WebTrader platforms available on the web, desktop, and mobile. BDSwiss provides access to forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies with a minimum deposit $10. The broker also provides access to the popular third-party tools Trading Central and Autochartist. Trading Central is a very popular tool among traders which consists of technical insights, projections, and analyst views on various instruments. Autochartist is a market-scanner plugin that monitors 250+ CFDs and alerts traders on high-probability trading opportunities.
However, in Metatrader 4 you can use your own programs and indicators as well as automatic trading. If you have questions or problems with the trading platform, you can simply contact an account manager or support. Already over 1 million traders registered with this broker because he is also known for eye-catching television advertising. The name alone inspires confidence because the group of companies is controlled from Switzerland, Zug.
BDSwiss accepts multiple deposit options including Credit/Debit cards, Bank Wire transfers, Skrill, Neteller, and more. BDSwiss withdrawals will generally be processed within a few hours, or in some instances, immediately. Overall, BDSwiss can be summarised as a safe broker that provides competitive spreads and a low no-activity fee. BDSwiss has an average monthly trading volume of $84 Billion which earned them a trust score of 94 out of 100.
I had few experience with personal managers before, but none of them were as good as Mario is. It’s more than a year since he got assigned to me and I must say I’m really gratefull for that. He helps me in a lot of ways, in terms of improving myself, giving me reasons to motivate myself, even helping me with getting over of some https://forexhero.info/ tough situations I had. I’m client of BDSwiss for more than 2 years and I must say he is one of reasons why I will keep loyal to BDSwiss. BdSwiss is licensed and regulated by multiple regulatory authorities. High payout percentage – when the prediction is correct, the trader may receive up to 85%profit in a single transaction.
What are the issues with BDSwiss?
👎 Disadvantages of BDSwiss:
Lack of investment programs and trading bonuses. The broker charges a fee for inactivity on the account. Support is unavailable on weekends.
You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. BDSwiss was established in 2012, and swiftly embarked on what is seen as a remarkable growth trajectory.
BDSwiss has a strong presence in the German (DACH) region and has therefore opened a customer center in Berlin. Also, countries like Cyprus, Seychelles, and Mauritius are included. This is another advantage for the broker because only a few brokers offer the service from a regional branch.
For traders who opened VIP and Raw accounts, BDSwiss’ analysts provide real-time trading alerts via Telegram. Those traders also have access to the Trends Analysis tool, which is exclusively built into the broker’s WebTrader platform. The tool bdswiss forex broker review was developed in partnership with AutoChartist exclusively for BDSwiss traders. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size.
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For non-EU clients registered under FSC Mauritius () there are standard referral promotions and frequent competitions based on trading-volume. Trading Talks is a 10-course recurring educational webinar which is held every two weeks. The BDSwiss official YouTube channel is where past webinars can be accessed.
The BDSwiss Webtrader is available in English, German, French, Spanish, Swedish and Portuguese. In order to prevent money laundering, every new customer is required to verify their identity by providing a scan or a photo of a personal ID (passport, driving license, etc). As a rule, the money is transferred to the beneficiary’s account within 2-8 working days, depending on the transaction method. Mobile applications – BDSwiss traders can trade worldwide and from any device, using the mobile version of the platform for their smartphones and tablets, which is available for Android and iOS.
- It will grant new traders access to the back-office from where accounts require verification, as stipulated by regulators to satisfy AML/KYC requirements.
- The company offers excellent customer support and resolves issues promptly.
- It is offshore regulated by Seychelles Financial Services Authority (FSA), offers negative balance protection and segregates client funds.
- The spreads average are around 0.4 pips lower using the VIP account but a minimum deposit of $3,000 is required to use that account type, while the Classic account only requires a $100 deposit.
- The company meets most modern standards and offers quality services for traders of all levels.
As it is web-based you can trade directly with a web browser and you do not have to download any software. Our research tells us that BDSwiss is an innovative broker who offers the potential for great returns. It may take some time to learn to use their platform but after that it is smooth sailing. Plus, they present a range of trading options as well as high payout rates.
Trading Account: How to Open a BDSwiss Account?
The live chat works well and is available in a variety of languages. At first, you are directed to a bot, however, you can quickly be put through to a competent live agent who responds within seconds. While this does mean it may take time, the advantage is that it comes at no cost to you. Email support is contacted via a form on the website and is useful for more detailed enquiries, however, it is naturally the slowest point of contact.
The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform, which provides a comprehensive trading feature and vast of solutions. MT4 is a known industry intuitive platform, even though might be with little outdated layouts, still is widely used platform. Log in to your Client Portal and choose the account to which you want to deposit funds. You can trade the price movements for the most popular cryptocurrencies, including Bitcoin, Ripple, Ripple, Ethereum, and Litecoin with CFDs. The BDSwiss WebTrader is an easy-to-use platform, designed for online trading with a simple and intuitive interface.
Webinars, coaching, market analysis, and trading signals are available to a trader. Finally, we should take a closer look at the fees and costs at BDSwiss. As you have read in the previous sections, spreads may fluctuate depending on your asset and market conditions. The platforms provide a number of indicators and technical drawing tools. For Metatrader, you can even download self-programmed tools on the Internet. All indicators are customizable and offer the trader the possibility to follow professional strategies.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The website is relatively easy to navigate and translated into 23 languages.
- The broker deals in 5 different types of trading instruments, including Forex, Commodities, Shares, Indices, and Cryptocurrencies.
- Trading Academy of BdSwiss has learning center, Forex eBooks, Love Education and video tutorials which are free to use for the registered clients.
- For more details, consult the “Payments” section of this BDSwiss Review 2023.
- If you wish to manifold your portfolio by investing in various assets, BDSwiss will be a suitable fit for you.
- To qualify for the bonus, you must deposit a minimum of $500 into your account.
Also, the BDSwiss team being a holding serves entities in Cyprus, Germany, and other offices where it is all authorized to deliver trading opportunities. 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. Spreads across the several account types offered by the broker remain competitive, though they do start at a higher point than some brokers. This starting point on major forex markets is 1.5 pips on an individual account, or 1.1 pips on a VIP account, though this trading is all commission-free.
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It provides charts, quotes, account balance info, economic calendar, news, and other tools giving traders an opportunity to make informed trading decisions. Except for bank wire withdrawals from accounts, BDSwiss does not require a minimum withdrawal amount. However, it should be noted that withdrawals that are below 2EUR cannot be processed as the requested withdrawal amount is lower than the fees BDSwiss incurs for processing such withdrawals. Customers of different languages can also work easily on the website finding their languages by search.
Traders have access to Daily Market Analysis, Technical Analysis, Daily Videos, Weekly Outlook, Market Insights, and Special Reports. Technical Analysis and video sections that lead to the company’s YouTube channel are updated regularly. However, the other pages have had no new content for a few last months. Traders should note that the number of instruments in the Cent account is limited. Such accounts can be seen as a way to test strategies in real trading. In addition, BDSwiss offers a StockPlus Account, which provides access to 900+ stocks and 80+ ETFs.
There are a handful of phone numbers for different languages including English, German, and Portuguese. BDSwiss state that they are using local numbers to ensure clients are not charged, but the English number is a UK number. Because of this, any English-speaking clients outside Europe may incur international calling charges. BDSwiss have been around for almost a decade and in that time have amassed more than 1 million active trading accounts and average monthly trading volumes of more than $84 billion.
Since its inception, BDSwiss.com did its best to create a fast, reliable, and multi-functional platform for trading Forex and CFD. It can truly be called a modern broker deserving attention of serious traders. In 2013, BDSwiss obtained a license from Cyprus’s financial regulator, CySec and has the HQ in Cyprus with offices in Germany. Despite the fact that this is a relatively new broker, it must be noted how quickly it gained popularity and sympathy among numerous traders. However, traders should be aware of the lack of phone support, which may be a downside for traders who prefer to speak directly with customer support representatives. Trading indices CFDs allow you to trade on price changes in the world’s biggest financial markets without having to analyze individual company performance.
How long does it take to withdraw money from BDSwiss?
Withdrawing. All withdrawal requests will be processed within 48 working hours. Trading profits can be withdrawn via the methods available to you, or, if your credit card supports OCT, you can withdraw amounts that exceed the sum of your previous deposits (i.e., trading profits).
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