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BDSwiss Broker Review

FX Scouts By Jeffrey Cammack Updated: January 23, 2020
Overall Rating
4.47 / 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 is a large, well-regulated broker, popular with both beginner and experienced traders. A wide range of account types is available, including a new subscription-based Raw Spread Account, which offers 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 market execution subscription model catches on.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Bonuses
Beginner Friendly Standard
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 Yes
Scalping Yes
Swap-Free Accounts Yes

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

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

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

BDSwiss releases daily market analysis in video format as well as a daily market preview – a standard economic calendar is also available. Trading alerts and forecasting reports by BDSwiss analysts are free for those with a Black Account – but this will be out of reach for most beginner traders. Overall, the analytical side of BDSwiss’ site is a bit of a disappointment compared to other brokers of a similar stature.

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. 78.3% 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.

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

Compare Brokers

Overall Rating 4.47 / 5 4.19 / 5 4.43 / 5
Minimum Deposit USD 100 USD 100 USD 10
Regulation
CySEC CySEC
FCA FCA
FSC FSC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
FCA FCA
FSCA FSCA
Broker Type Market Maker Market Maker ECN/STP
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs Commodities, Cryptocurrencies, Forex, Indicies, Metals, Equities
Forex Pairs 50+ 50+ 59
Crypto Pairs 5 18 3
Read Full Review Read Full Review
Trust Rating 5 / 5 4 / 5 5 / 5
Trading Conditions 4.5 / 5 5 / 5 3.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 4 / 5 4.5 / 5 4 / 5
Education & Research 5 / 5 3 / 5 5 / 5
Assets Available 4 / 5 4.5 / 5 4.5 / 5
Customer Service 4 / 5 4 / 5 5 / 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 83% 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 Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard,Vip
  • Standard
  • Mini,Professional,Standard,Vip
Swap Free Yes Yes Yes
Trading Platforms MetaTrader4, WebTrader MetaTrader4, WebTrader MetaTrader4, MetaTrader5, WebTrader
Funding Methods Bank Transfer, Sofort Banking, Visa, Mastercard, Skrill POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Yes None On ECN Accounts
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Overall Rating 4.47 / 5 4.19 / 5 4.43 / 5
Min. Deposit USD 100 USD 100 USD 10
Regulation
CySEC CySEC
FCA FCA
FSC FSC
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
FCA FCA
FSCA FSCA
Broker Type Market Maker Market Maker ECN/STP
Read Full Review Read Full Review Read Full Review
Trust Rating 5 / 5 4 / 5 5 / 5
Trading Conditions 4.5 / 5 5 / 5 3.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 4 / 5 4.5 / 5 4 / 5
Education & Research 5 / 5 3 / 5 5 / 5
Assets Available 4 / 5 4.5 / 5 4.5 / 5
Customer Service 4 / 5 4 / 5 5 / 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 83% 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 Yes Yes Yes
Scalping Allowed Yes Yes Yes Yes Yes Yes
Platforms MetaTrader4, WebTrader MetaTrader4, WebTrader MetaTrader4, MetaTrader5, WebTrader
Funding Bank Transfer, Sofort Banking, Visa, Mastercard, Skrill POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay

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.

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