BDSwiss review

Unique Selling Points

1. Affiliate Programme: BDSwiss offers an affiliate program tailored for individuals and entities with a robust online presence. Whether you manage a website, social media accounts, online FX educational platforms, or any other digital medium, you can leverage this program. You can begin monetizing your traffic efficiently by introducing BDSwiss products and services to your audience. The competitive remuneration plans make it a compelling opportunity for affiliates looking to maximize their earnings.
2. Introducing Brokers: The BDSwiss Introducing Broker program is designed for individuals and institutions with a local presence and a personal client network. It’s a straightforward way to introduce new clients to one of the most trusted names in the forex industry. By doing so, you can enjoy competitive commissions and additional rewards. BDSwiss provides dedicated Business Development Managers to offer guidance and support throughout the process, ensuring a smooth experience.
3. Corporate Social Responsibility: BDSwiss is deeply committed to corporate social responsibility, an integral part of its mission. The company instills philanthropic values in its employees and fosters an organizational culture that actively supports global and local initiatives aimed at making a positive impact. Some notable initiatives include BDSwiss’ support for Ronald McDonald House Charities Cyprus, the renovation of Limassol’s General Hospital’s Paediatric Ward, the annual Blood Donation Drive in 2023, and sponsorship of the Telethon Tribute Concert to Maria Callas.
4. Multiple Sponsorships: At BDSwiss, a strong sense of corporate values underpins its sponsorships, which reflect excellence, success, and team spirit. BDSwiss extends its support to clients, stakeholders, and the local community in their pursuit of goals. In 2021, BDSwiss proudly sponsored the prestigious DP World Tour Championship, an annual event held at the Jumeirah Golf Estates in Dubai. This championship serves as the traditional season-ending tournament on the European Tour. Additionally, BDSwiss partnered with the MercedesCup ATP 250 as an exclusive Online Trading Partner, emphasizing shared values of perseverance and passion between the organizers and BDSwiss.

Introduction

BDSwiss stands as a notable institution in financial services, extending its expertise in Forex and CFD investments to a global clientele. Established in 2012, BDSwiss has consistently delivered favorable conditions, competitive pricing, and efficient execution across a diverse array of over 250 CFD assets. Over the years, it has evolved into a prominent forex broker, offering its trading services in more than 180 countries worldwide.

BDSwiss boasts an impressive track record of accolades, particularly in recent times, reflecting its growing influence in the industry. Its spectrum of tradable assets encompasses CFDs, ETFs, stocks, indices, and cryptocurrencies. For trading, clients can utilize the widely recognized MetaTrader 4, MetaTrader 5, or the proprietary BDSwiss Webtrader platform.

More importantly, BDSwiss caters to a diverse global audience, as evidenced by its website’s availability in 22 different languages and a multilingual support service that speaks 20 languages. This commitment to accessibility and inclusivity extends to the provision of advanced tools designed to meet the needs of both professional traders and institutional clients.

In addition to its core services, BDSwiss offers a range of valuable features, including Autochartist, professional fund management solutions, real-time alerts, and VPS connectivity. These resources empower clients with the essential tools and information needed to navigate the financial markets effectively. This BDSwiss Forex broker review will dive into every aspect of the brokerage firm to help potential clients determine if the platform is right for them.

Supported Countries

BDSwiss takes pride in its status as a global forex provider, extending its services to clients from a wide array of countries spanning all continents. This inclusive platform warmly welcomes traders from diverse nations, including Canada, Morocco, the United Arab Emirates, South Africa, Tunisia, Malaysia, India, Bahrain, Saudi Arabia, China, Indonesia, Israel, Albania, Algeria, the Aland Islands, Argentina, Armenia, Antigua And Barbuda, Bahrain, Bangladesh, Belize, Belarus, Brazil, Bouvet Island, Cambodia, Cameroon, Cape Verde, the Cayman Islands, Chile, Colombia, Christmas Islands, Cuba, Costa Rica, and Djibouti.

Other include the Dominican Republic, Ecuador, Egypt, El Salvador, Fiji, the Falkland Islands, French Guiana, Georgia, Ghana, Grenada, Gibraltar, Honduras, Hong Kong, Russia, Iraq, Kazakhstan, Jordan, South Korea, Kuwait, Laos, Nigeria, the Maldives, the Marshall Islands, Mauritania, Mexico, Monaco, Montenegro, Mongolia, Nepal, Namibia, New Zealand, the Netherlands Antilles, Norfolk Island, Pakistan, Oman, Peru, Paraguay, the Philippines, Qatar, Rwanda, Saint Helena, Serbia, Singapore, Suriname, Switzerland, Taiwan, Ukraine, and the United Arab Emirates.

However, it’s essential to note that BDSwiss does not extend its services to clients in specific countries, including Belgium, Congo, Cyprus, the United States, India, South Africa, the United Kingdom, Germany, the Netherlands, France, Spain, Italy, Romania, Finland, Sweden, Turkey, Switzerland, the Russian Federation, Poland, Ireland, Norway, Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

Customer Service Rating

BDSwiss holds a verified status on Trustpilot, a popular review platform. On this platform, BDSwiss boasts a substantial collection of 2,176 reviews. Among these reviews, the BDSwiss broker shines with an impressive “Excellent” rating, earning a TrustScore of 4.7 out of 5 stars.

Reviewers have heaped praise upon the platform for its responsive and knowledgeable customer support team, which has been a significant factor in their positive experiences. Furthermore, BDSwiss earns commendation for allowing clients to manage their funds, including transfers and withdrawals, even while they maintain active trades. The positive aspects continue with reports of excellent execution speed, devoid of any price requote issues, and swift processes for both deposits and withdrawals.

However, some traders have expressed their frustration due to extended verification times for proof of residency and other necessary documents. Additionally, there have been complaints about BDSwiss allegedly withholding client funds after successful trades, which has raised concerns. Furthermore, a few reviewers have suggested that BDSwiss may be involved in incentivizing copy traders to execute false trades, resulting in losses for traders.

BDSwiss Trading Platforms

BDSwiss extends a variety of trading platform options to its clients, offering flexibility and choice in accessing the financial markets:

MetaTrader 4 (MT4): BDSwiss provides traders with the industry-leading BDSwiss Forex MetaTrader 4 platform. This platform is well-equipped for those engaging in financial market trading, including forex, indices, commodities, and more. It offers essential tools for price analysis, trade execution, and the creation of automated trading programs (Expert Advisors). The BDSwiss Forex MT4 platform allows for customization to match traders’ preferences and strategies. It includes features such as an easy-to-use interface, real-time news feeds, preprogrammed analytical tools, and multiple charting options. BDSwiss MT4 is accessible on Windows, Mac, Android, and iOS devices.

MetaTrader 5 (MT5): BDSwiss offers the advanced MetaTrader 5 (MT5) platform, building upon the strengths of MT4 with added trading tools and indicators. MT5 represents the next generation of online trading, with enhanced possibilities for trading various instruments across asset classes. It enables BDSwiss clients to trade a broader range of CFD instruments, including currency pairs, stocks, commodities, indices, and cryptocurrencies, all on a single platform with customizable settings. MT5 features automated trading with Expert Advisors, extensive charting and analysis options, and a powerful development environment called MQL5.

BDSwiss Mobile App: The BDSwiss Mobile App, recognized with multiple awards, offers a user-friendly interface for trading on the go. It mirrors the desktop platform’s tools and features, allowing traders to conveniently open, monitor, and manage positions across CFD assets. The mobile app provides real-time quotes, interactive charts, account management, Deposit and withdrawal functions, and 24/7 cryptocurrency pair trading.

BDSwiss WebTrader: BDSwiss developed the WebTrader platform in-house to cater to a growing client base. This web-based platform emphasizes simplicity, reliability, and performance. It features a built-in Trends Analysis tool that offers insights into market opportunities, future price trends, and optimal stop loss and take profit levels. The BDSwiss WebTrader is accessible from any browser and is designed for quick and efficient account access on any device. It includes various analytical tools, such as indicators and an intuitive order window, while remaining synchronized with the downloadable MT4 versions for live price monitoring. The platform is available in over 20 languages, ensuring accessibility for traders worldwide.

Trading Denominations on BDSwiss

BDSwiss offers its clients the flexibility to choose their preferred trading currency from a selection that includes the UK Pound (£), US Dollar ($), Euro (€), Danish Krone (Kr), or Swiss Franc (CHF). This choice empowers traders by removing any constraints related to account denomination, allowing them to trade in the best currency with their financial preferences.

Company Structure

Established in 2012, BDSwiss started its journey as an international brokerage firm focusing solely on Forex and CFD trading. Swiftly, the company made its mark in the trading world, evolving into one of the industry’s largest trading groups. Over the years, BDSwiss has thrived within a favorable environment. As a global entity, it now operates from its headquarters in Limassol, Cyprus, and maintains offices in Berlin, Germany; Kuala Lumpur, Malaysia; Tirana, Albania; and Pristina, Kosovo.

The domain rights belong to BDS Ltd, a company identified by Registration No. 8424660-1. BDS Ltd is based at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. While the default language of BDSwiss sites is English, international clients have the flexibility to choose from a range of languages to suit their preferences.

It’s important to note that BDSwiss Holding Ltd, situated at 6 Ioanni Stylianou, 2nd Floor, Flat/Office 202, 2003, Nicosia, Cyprus, plays a role as the payments processor for BDS Ltd. This collaborative effort helps facilitate financial transactions within the BDSwiss framework.

BDSwiss has consistently earned recognition for the quality and innovation of its trading products and services. Prestigious awarding bodies within the industry have acknowledged its excellence. In 2023, BDSwiss was honored with the “BEST IB/AFFILIATE PROGRAMME – APAC” award by UF AWARDS, the “FASTEST GROWING FOREX BROKER DUBAI 2023” award from Global Banking & Finance Awards, and the ‘BEST IB/AFFILIATE PROGRAM AFRICA’ recognition at the FAME Awards. Notably, in 2019, BDSwiss secured accolades such as “BEST TRADE EXECUTION” at the Global Forex Awards, the “BEST TRADING APP” at the Mobile Star Awards, and the “BEST TRADING CONDITIONS” at the World Finance Awards.

BDSwiss Forex Licenses and Regulatory Compliance

BDSwiss, as a broker, operates under regulation and holds licenses from various jurisdictions, ensuring a commitment to compliance and security. One of its regulated entities, BDS Markets, obtained authorization and regulation as an Investment Dealer from the Financial Services Commission (FSC) on the 6th of December 2016, bearing License No. C116016172.

Additionally, BDS Ltd is duly authorized and regulated by the Financial Services Authority (FSA) in Seychelles, holding License Number SD047. It’s worth noting that while some online reviews suggest that BDSwiss is regulated by institutions such as CySec in Cyprus, the NFA in the United States, and the FCA in the UK, these regulatory authorities and their corresponding licenses are not mentioned on the official BDSwiss broker website.

BDSwiss Customer Protection

BDSwiss claims to prioritize client security by providing safeguards to protect their interests. As a member of the investor compensation fund, BDSwiss offers an added layer of protection. This fund, a private legal entity, ensures compensation of non-invested capital up to €20,000 in case the company faces liquidation.

To fortify online security, BDSwiss employs SSL encryption on its website. This encryption guarantees safe data transfer, enhancing the overall safety of user information.

Additionally, BDSwiss maintains strict client verification protocols. New clients are required to submit proof of identity before gaining access to the trading platforms. Accounts are password-protected, and the brokerage takes stringent measures to encrypt and safeguard all customer data, maintaining confidentiality.

However, it’s noteworthy that BDSwiss’s stance on Negative Balance Protection is not explicitly mentioned on its website. This omission may raise concerns for traders seeking comprehensive protection measures while engaging in various trading activities.

Customer Service

For traders seeking assistance and support, BDSwiss offers a range of options to cater to their needs. Live Chat is available five days a week, running from 09:00 to 23:30. This real-time chat function allows users to connect directly with BDSwiss support representatives.

Alternatively, users can reach out via email via the contact form or by emailing [email protected]. A convenient online query submission form is accessible on the “Contact Us” page. For those who prefer a more direct conversation, BDSwiss provides telephone numbers for various countries, including an English line at +44 2036705890.

BDSwiss maintains a comprehensive Help Center page to facilitate self-help and information gathering. Here, traders can access a wealth of articles and video content, making it easy to find answers to their questions and learn more about the platform’s features and functionalities.

Trading Information

Forex trading on BDSwiss is available around the clock, five days a week, offering continuous access to the market. However, availability is tied to the opening hours of their respective stock exchanges for CFD instruments such as indices and shares. These instruments are active only when their corresponding exchanges are open for trading.

Inactive accounts on BDSwiss face a monthly charge of $30 from the account balance until the balance reaches €0. This fee covers the maintenance and administration expenses associated with these Inactive Accounts. BDSwiss applies variable spreads for various trading pairs, which depend on your specific account type. Meanwhile, the platform levies a fixed commission fee for indices and shares, which is also contingent on your account type.

If the currency you use for trading differs from your deposit currency or your bank account currency, BDSwiss automatically converts your deposit currency using its standard rates. Importantly, no additional conversion fees or markups are applied in this process. Lastly, BDSwiss incorporates swaps, which are dependent on both the position size and the specific product held overnight. These factors should be taken into consideration when trading on the platform.

Tradable Instruments

BDSwiss presents clients with a valuable opportunity to broaden their investment portfolio by granting access to a wide range of financial instruments. These encompass:

1. Forex
2. Commodities
3. Share
4. Indice
5. Cryptocurrencies

This diverse selection empowers BDSwiss clients to tailor their investment strategies, providing flexibility to navigate various financial markets and capitalize on opportunities.

BDSwiss Leverage

A significant benefit for traders of BDSwiss lies in the potential for higher leverage, which can reach as high as 1:500. This enhanced leverage ratio allows traders to amplify their positions and potentially increase their trading capabilities.

Deposits and Withdrawals

At BDSwiss, they collaborate closely with reputable and secure payment providers to facilitate convenient deposits for their clients. To ensure the security of transactions, deposits are only accepted if they originate from the trading account holder. This means the name on the trading account and the deposit method must match.

Clients should log in to their Client Portal and follow the prescribed procedure to initiate a withdrawal. For protection against fraudulent activities, the platform requires that clients complete the KYC (Know Your Customer) process, which includes providing the necessary documentation for account verification. Only once an account is fully verified can client withdrawals be processed.

Deposits 

Depositing funds into your BDSwiss trading account is a straightforward process. It involves logging into your Client Portal, selecting the desired account for Deposit, clicking on the deposit option, and choosing your preferred deposit method. The BDSwiss broker platform accommodates various payment service providers, enabling a wide array of deposit methods across multiple countries. These options include Credit Cards or Debit Cards, Bank Transfer/Wire Transfer, Sofortüberweisung, Skrill, iDEal, EPS, Giropay, and many more. The minimum deposit requirement for the BDSwiss platform is just $10, making it accessible to a wide range of traders.

Withdrawals

Withdrawals are to be executed using the same method employed for funding the trading account. This means that funds will be returned to the initial deposit method. BDSwiss commits to processing all withdrawal requests within 48 working hours.

Additionally, clients have the flexibility to withdraw trading profits using the available methods or, if applicable, utilize the OCT (Original Credit Transaction) feature if their credit card supports it. OCT enables withdrawals exceeding the total of prior deposits, allowing clients to access their trading profits with ease and efficiency.

BDSwiss Trading Education and Training

BDSwiss offers its clients a comprehensive array of educational resources, establishing itself as an ideal broker for novice traders seeking to enhance their knowledge and skills. These educational resources encompass:

1. Learning Center
2. Forex eBooks
3. LIVE Education
4. Forex Basic Lessons
5. Forex Glossary
6. Educational Videos
7. Seminars
8. FAQ Page

In addition to educational resources, BDSwiss provides a vast catalog of research materials and tools to support traders in their research and analysis efforts. These include:

1. Market Analysis Review
2. Technical Analysis
3. Daily Videos
4. Weekly Outlook
5. Our Analysts

Furthermore, BDSwiss offers a suite of trading tools to aid traders in their trading endeavors, including:

1. LIVE Webinars
2. Economic Calendar
3. VPS Service
4. Trade Companion
5. Trends Analysis
6. Trading Central
7. Autochartist
8. Trading Alerts
9. Currency Heatmap
10. Trading Calculators

These comprehensive educational resources and research tools empower BDSwiss clients to sharpen their trading skills and make informed decisions in the dynamic world of financial markets.

Conclusion

This BDSwiss FX broker review highlights key aspects traders should consider when evaluating this brokerage platform. BDSwiss offers diverse trading platforms, including MetaTrader 4 and 5, a mobile app, and a web-based platform catering to various trading preferences.

Traders can choose from multiple account types, each with its own set of features, spreads, and commissions. Notably, BDSwiss provides leverage options that reach up to 1:2000, offering the potential for amplified positions and increased risk. BDSwiss welcomes traders from many countries but has restrictions for others, including several European nations and the United States. The broker supports different account denominations, allowing traders to select their preferred currency.

When it comes to deposit and withdrawal processes, BDSwiss offers a range of methods, making it convenient for clients to manage their funds. It’s important to note that withdrawals must be made using the same deposit method. Regulatory compliance is a key strength of BDSwiss, with licenses and registrations from multiple jurisdictions instilling confidence in its commitment to adhering to industry standards. Customer support is accessible through various channels, including live chat, email, and phone, making it convenient for clients to seek assistance.

In summary, BDSwiss is a well-regulated and comprehensive brokerage platform that caters to traders of varying experience levels.