BDSwiss Review

Author By Jeffrey Cammack Author Information Updated: October 29, 2020
Overall Rating
4.22 4.22 / 5
Rated #14 of 49 Recommended Brokers
Min. Deposit
GBP 100
Max. Leverage
30:1
Min. Spread
1.0 pips
Regulators
Regulator Origin
Trading Desk Type
AlertMost retail CFD accounts lose money. Your capital is at risk.

Summary

BDSwiss is a popular and well-regulated broker, based in Cyprus and founded in 2012. It offers a wide range of account types, including a new subscription-based Raw Spread Account, which features very tight spreads and no commission in return for a monthly payment.

MT4 and MT5 are both supported and educational and analytical material are both excellent. More experienced traders will also find a lot to like with the Black Account, including free AutoChartist and one-on-one support.

Overall, BDSwiss is a good choice for all traders and we are curious to see if the low-spread subscription model catches on.

Reviews

Regulation
1110.503.5/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
111115/ 5
Assets Available
111104/ 5
Customer Service
11110.54.5/ 5
Beginner Friendly
Excellent
Bonuses

Trading Conditions

Min. Deposit
GBP 100
Base Currencies
EUR, USD, GBP, PLN, DKK, SEK, NOk, CHF
Fx Pairs
50+
Hedging Allowed
Yes
Scalping Allowed
Yes
Swap Free Accounts
Yes

Average Spreads

Euro/USD
1.4
GBP/USD
1.6
USD/JPY
1.5

Company Details

Company Name
BDS Markets
Founded
2012
Type
Regulators
Office Locations
Cyprus,Mauritius

Is BDSwiss Safe?

BDSwiss has been regulated by both CySEC (license 199/13) and the FCA (license 607761) since 2013, and both regulators carry out frequent audits to ensure that BDSwiss is compliant with laws protecting client funds and safeguarding against money laundering.

Per regulation, BDSwiss maintains segregated bank accounts for all client funds, and the regulators insure client trading funds – to a maximum of 20,000 EUR for CySEC regulated accounts and 50,000 GBP for FCA regulated accounts. 

In terms of industry recognition, BDSwiss’ recent improvements in trading conditions have paid off; in March 2019 the company won the Best Trading Conditions 2019 award from World Finance and followed up in October by winning the Best Forex Trade Execution 2019 award at the Global Forex Awards 2019.  These recent awards are in addition to the Best Trading App Award and Most Reliable Broker Award (Mobile Star Awards 2018).

Trading Conditions

BDSwiss has the appearance of a traditional broker, but with an ECN/STP business model. Each of the live account options has unique qualities, including an interesting subscription-based account service which we have not seen elsewhere. 

BDSwiss claims that 95% of the trades are executed with STP execution which is completely void of conflict of interest. In the past year, BDSwiss Group has undertaken a number of projects and initiatives aimed at improving trading conditions for its clients. To begin with, it launched the BDSwiss Raw Account, which gives traders access to deeper liquidity and lower spreads that reduce trading costs. BDSwiss also recently added support for MetaTrader 5, refined the client dashboard and added more servers to accommodate its growing client base.

Account Types

Display Name
Min Deposit
Max Leverage
Min Spread
Commission
Brokers
Basic
USD 100
30:1
1.5
None
Account Details
Black
USD 10000
30:1
1.1
None
Account Details
RAW Spread
USD 200
30:1
0.0
None
Account Details

BDSwiss recently added a third live account in addition to the demo account, to attract a professional audience of traders.   All accounts offer hedging, basic education material and leverage of up to 1:500 (depending on your country of residence).  The accounts available are:

Demo Account: The demo account is a USD 10,000 live market playground to practice your trading and analysis.  The demo account never expires to offer a full evaluation of BDSwiss and their trading platforms.

Basic Account: There is no minimum account deposit for the basic account, but traders are encouraged to deposit at least 100 USD.  The basic account offers leverage of up to 1:500 and an average spread on EURUSD of 1.5 pips.

Raw Spread Account: The RAW Spread Account resembles a professional account you would get from a traditional ECN broker setup, the main difference here being that BDSwiss is experimenting with a subscription-based account. Rather than pay commission on your trades, there are three subscription tiers:

  • Raw Trial, which allows you trade up to 50,000 USD for the cost of 1 USD pcm (only major pairs are available to trade) 
  • Raw Grow, which allows you to trade up to 1,000,000 USD for the cost of 29 USD pcm (minor and some exotics are available to trade with this level of service)
  • Raw Pro, which allows you to trade up to 3,000,000 USD for the cost of 79 USD pcm. This level of service also comes with a free VPS. Be aware that if you go over the 3,000,000 USD trading limit, a commission of 4 USD per lot will apply.

All three tiers have the same very low spreads (down to 0 on major pairs at times), but none have MT5 support so traders are restricted to Forex and gold pairs. Because of the nature of this account, an Islamic (swap-free) option is not available.

 

Black Account: The minimum deposit for the Black Account is 10,000 USD with an average spread on EURUSD at 1.1 pips. The main difference with the Black Account is the number of trading and educational tools you get free access to; these include AutoChartist, 1 on 1 Forex education and real-time trading alerts.

Spreads and Commissions

Spreads change based on account type where EURUSD spread range from 0.4 pips to 1.5 pips. A commission is only charged Raw spreads account trades, which is dependent on the amount traded.

Deposit & Withdrawal fees

BDSwiss does not charge for making deposits to a live trading account. BDSwiss’ charges for withdrawals are as follows:

  • A fixed fee of 10 EUR (or equivalent) for bank wire withdrawals below 100 EUR (or equivalent)
  • For international payments, the minimum withdrawal amount is 50 EUR (or equivalent) after the deduction of fees. For amounts that remain below the required 50 EUR, an alternative withdrawal method can be used.
  • For Single Euro Payments Area bank transfers a minimum amount of 5 EUR (or equivalent) after deduction of the fees.
  • For all other withdrawals amounting to 20 EUR or less, BDSwiss reserves the right to charge a fixed withdrawal fee of 10 EUR (or equivalent).

BDSwiss for Beginners

BDSwiss offers excellent educational material for beginner traders and those with an intermediate level of experience, this includes structured training courses, daily webinars and frequent live seminars. Market analysis is also correct and present in the form of market news and daily analysis offered by the BDSwiss team, though it is a bit thin compared to BDSwiss’ peers in the industry.

Educational Material

BDSwiss offers a comprehensive Trading Academy for those looking for structured courses; the Trading Academy is split into beginner, intermediate and advanced sections, though in truth, the advanced section is a bit of a misnomer and is more suited to those with some experience. Perhaps the better, and more advanced educational material from BDSwiss comes in the form of strategy webinars that are broadcast weekly in English and German. Webinars are free to non-clients, and only require signup to participate. Once completed, webinars are added to the video library and combined with other educational videos about aspects of trading and market analysis.

Analysis material

Research and analysis at BDSwiss is detailed and well-structured. Financial commentary is split into five sections: Market Preview, Technical Analysis, Daily Videos, Weekly Outlook and Special Reports. Webinars are also conducted on an almost daily basis in a range of languages.

All analytical material, including webinars and forecasting reports, are available free of charge and most of the video content is uploaded to YouTube. The quality of the analysis is very high and will be of value to both technical and fundamental traders. Watching these videos gives traders an insight into how to approach researching marketing opportunities as well as trader psychology. We particularly recommend the Daily Market Preview, conducted by BDSwiss’ Head of Investment Research, Marshall Gittler.

Customer support

24/5 customer support is available by telephone, email, live chat and messaging services. Local telephone numbers are available across Europe and for those further afield BDSwiss has a callback service.

BDSwiss Trading Platform

BDSwiss supports both MT4 and MT5 as well as its own BDSwiss Webtrader platform, where they have made some recent modifications intended to improve the trading experience.

BDSwiss Webtrader

MT4 is the industry standard platform, in part because of the amount of publicly available educational documentation and user guides. It is little changed from when it was introduced in 2005 and continues to offer, live news feeds directly on the platform, free pre-programmed analytical tools, charting and analysis, daily account statements and account equity data including floating profit and loss. The MT4 desktop client is compatible with BDSwiss Web Trader and award-winning mobile apps which are proprietary and maintained by the broker.

MT5 is the latest and most advanced MetaTrader platform and offers all the features of MT4, with the addition of more advanced trading tools and indicators that enable traders to maintain more control of their trades and make more informed decisions using cutting-edge analysis.

BDSwiss Mobile Trading Apps

The award-winning mobile application from BDSwiss is an improvement on the standard MT4 application and sets BDSwiss apart from other brokers trying to offer a mobile solution using the Metatrader suite. It is designed to be compatible and sync with your desktop MT4 application.

The mobile app offers basic trading, research, and account management functionality. Traders can open/close/edit positions, add stops to open positions and delete working orders. Research and analysis are available on real-time charts, and automated alerts are used to identify trading opportunities.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the BDSwiss offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. BDSwiss would like you to know that: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. 84.1% of retail investor accounts lose money when trading CFDs with this provider of retail investor accounts lose money when trading CFDs with this provider.

Overview

BDSwiss is a well-regulated ECN/STP broker with an interesting new subscription model as well as more traditional products. Support for both MT4 and MT5 is combined with an award-winning proprietary mobile application and a strong educational offering. BDSwiss should satisfy all traders looking for a good, responsible broker.

AlertMost retail CFD accounts lose money. Your capital is at risk.
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.22/ 5
GBP 100
Market Maker
Commodities, Cryptocurrencies, Forex, Equities
50+
5
  • Tight spreads
  • Good for beginners
  • Wide range of assets
  • Expensive withdrawals
  • Limited market analysis
1110.503.5/ 5
11110.54.5/ 5
11110.54.5/ 5
111104/ 5
111115/ 5
111104/ 5
11110.54.5/ 5
84.1% of retail investor accounts lose money when trading CFDs with this provider
30:1
1.0 pips
Yes
Yes
Basic, Black, RAW Spread
Yes
MT4, MT5
Bank Transfer, Sofort Banking, Mastercard, Skrill
Fees Included in Spread
1110.503.33/ 5
GBP 200
Market Maker
Commodities, Cryptocurrencies, Forex, Equities
47
16
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
110.5002.5/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
111104/ 5
111104/ 5
62% of retail investor accounts lose money when trading CFDs with this provider
30:1
1.0 pips
Yes
Yes
Professional, Standard
Yes
etoro
Mastercard, Neteller, Skrill, Paypal
Fees Included in Spread
1110.503.24/ 5
GBP 500
Market Maker
Commodities, Forex, Equities, ETFs
48
0
  • Good range of accounts
  • Wide range of assets
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
1110.503.5/ 5
110002/ 5
111104/ 5
11110.54.5/ 5
10.50001.5/ 5
11110.54.5/ 5
111003/ 5
67.95% of retail investor accounts lose money when trading CFDs with this provider
20:1
1.8 pips
Yes
Yes
Gold, Islamic, Mini, Platinum
Yes
MT4, Sirix
Mastercard, Maestro, Skrill, Neteller
Fees Included in Spread
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

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