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BDSwiss Broker Review

FX Scouts By Jeffrey Cammack Updated: October 9, 2019
Average Score
3 / 5
Min. Deposit USD 100
Max. Leverage 30:1
Min. Spread 1.0 pips
Regulators CySEC,FCA,FSC
Regulator Origin CySEC FCA FSC
Broker Type Market Maker

Summary

BDSwiss prides itself on having a global client base of more than 1,000,000 registered accounts, and best trading conditions that an ECN/STP broker is able to offer clients. Regulated by two major international regulators, the FSC and CySEC, BDSwiss has created a robust platform from which to offer trading services.

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Trading Conditions
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About our review process

Trading Conditions

Minimum Deposit USD 100
Base currencies EUR,USD,GBP,PLN,DKK,SEK,NOk,CHF
Number of FX Pairs 50+
Hedging Allowed
Scalping
Swap-Free Accounts

Average Spreads

EUR / USD 1.4
GBP / USD 1.6
USD / JPY 1.5

Company Details

Company name BDS Markets
Founded 2012
Website Visit Website
Type Market Maker
Regulators CySEC,FCA,FSC
Office locations Cyrus,Mauritius

Deposit & Withdrawal Methods

Supported Platforms for BDSwiss

BDSwiss Broker Detailed Review

BDSwiss prides itself on having a global client base of more than 1,000,000 registered accounts, and best trading conditions that an ECN/STP broker is able to offer clients. Regulated by two major international regulators, the FSC and CySEC, BDSwiss has created a robust platform from which to offer trading services.

Is BDSwiss Safe?

Central to the trust we have in BDSwiss is their international regulation from two of the primary regulators. BDSwiss is regulated by CySEC (license 199/13) since 31/05/2013 and FCA (license 607761) since 21/10/2013, and annual audits will guarantee that BDSwiss is compliant with the laws to protect client funds.

BDSwiss has industry recognition as Best Trading App 2018 Award (Mobile Star Awards) and Most Reliable Broker and continues to court the industry for recognition. Internal policies of highly regulated brokers are governed by the agreement they have with the regulatory agencies.

Per regulation, BDSwiss maintains segregated bank accounts for all client funds, and in exchange, the regulators ensure your trading funds – to a maximum of €20,000 for CySEC regulated accounts and £50,000 for FCA regulated accounts. BDSwiss also maintains a transparent complaints process which works to classify the complaint correctly, have the complaint managed by the Head of Support, and kept on record for five years.

BDSwiss for Beginners

BDSwiss offers mainstream platform options, educational material and market analysis for their clients, which all combine for solid onboarding process. While MT4 is not the best choice of beginner-friendly software, the mobile application does make it easier to get going by simplifying some of the user interfaces and limiting the advanced options that continually get in the way with MT4.

Educational Material

BDSwiss offers a small but novel library of content in their trading academy for traders looking for a structured way for skill progression. It is split up into sections of the beginner, intermediate and advanced trader. 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 signing for webinars up to participate. Webinars are added to the video library which combines them with a set of other educational videos about key trading aspects and market analysis.

Analysis material

BDSwiss releases market news daily in video format and produces this content as a part of their marketing strategy, and would suit any trader trading at any brokerage. Daily trading alerts and forecasting reports by BDSwiss analysts Alexander Douedari & Frank Walbaum are free by signing up through the BDSwiss website, which is 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 phycology.

Customer support

24/5 customer support is available by telephone and email, but no live chat. Local telephone numbers are available around the world, and shorten the response times as emails can go for hours without a response.

Trading Conditions

BDSwiss has the appearance of a traditional broker, but with an ECN/STP business model. Each of the live account options shows unique qualities and a single tight raw spread account.  BDSwiss claims that 95% of the trades are executed with STP execution which is completely void of conflict of interest.

Account Types

BDSwiss recently added a third live account in addition to the demo account, to attract a professional audience of traders.  All accounts offer an Islamic Swap-free option, hedging, basic education material and leverage of up to 1:400 (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.  The basic account offers leverage of up to 1:400 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. It is combination lower spreads along with a commission fee charged per standard lot of trading. Average spreads on EURUSD on this account are 0.4 pips. The Raw spread account is a favourite setup as risk management and profit/loss is more accessible to calculate when trading fees are unchanged.

Black Account

The minimum deposit for the black account is $10,000 an average spread on EURUSD is 1.1 pip, leverage up to 1:400, and commission-free trading.

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 can charge for withdrawals.

  • 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 Trading Platform

BDSwiss supports MT4 and the Webtrader platform exclusively, where they have made some minor modifications intended to improve the BDSwiss trading experience.

BDSwiss Webtrader

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 preprogrammed 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.

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 Metatrade 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. easyMarkets 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.

Overview

BDSwiss is a well-regulated ECN/STP broker with the account offering of a traditional robust brokerage. Supporting a single desktop MT4 platform choice linked with an award-winning proprietary mobile application, BDSwiss should satisfy the trader looking for a responsible broker strengthened by a foundation of trust and simplicity, united with access to quality market analysis.

Most retail CFD accounts lose money. Your capital is at risk.

Compare Brokers

Overall Rating 3/5 4/5 4/5
Minimum Deposit USD 100 USD 100 USD 10
Regulation
Broker Type Market Maker Market Maker ECN/STP
Read Full Review Read Full Review
Trading Conditions 3 / 5 4 / 5 5 / 5
Trading Platforms 2 / 5 3.5 / 5 5 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
% Lose with this broker 84.1% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 70% of retail investor accounts lose money when trading CFDs with this provider
Leverage 30:1 30:1 Flexible
Spread 1.0 pips 0.7 pips 0.1 pips
Hedging
Scalping
Account Types
  • Standard,Vip
  • Standard
  • Mini,Professional,Standard,Vip
Trading Platforms MetaTrader4, WebTrader MetaTrader4, WebTrader MetaTrader4, MetaTrader5, WebTrader
Funding Methods Bank Transfer, Sofort Banking, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
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Overall Rating 2 / 5 4 / 5 5 / 5
Min. Deposit USD 100 USD 100 USD 10
Regulation
Broker Type Market Maker Market Maker ECN/STP
Read Full Review Read Full Review Read Full Review
Trading Conditions 3 / 5 4 / 5 5 / 5
Trading Platforms 2 / 5 3.5 / 5 5 / 5
Deposit & Withdrawal 4 / 5 4 / 5 4 / 5
Risk Disclaimer 84.1% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 70% of retail investor accounts lose money when trading CFDs with this provider
Leverage 30:1 30:1 Flexible
Spread 1.0 pips 0.7 pips 0.1 pips
Hedging Allowed Yes Yes Yes
Scalping Allowed Yes Yes Yes
Platforms MetaTrader4, WebTrader MetaTrader4, WebTrader MetaTrader4, MetaTrader5, WebTrader
Funding Bank Transfer, Sofort Banking, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay

Share your knowledge

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.