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4.32
/ 5
Does not accept UK Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. BDSwiss is regulated by Mauritius FSC and the FSA-Seychelles.
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BDSwiss does not accept clients from the UK. This review is for informational purposes only.
Founded in 2012, BDSwiss is a responsible and well-regulated broker with a large international customer base. It offers trading on multiple instruments, including Forex, commodities, shares, indices, and over 26 cryptocurrencies, a much wider range than other brokers.
BDSwiss’s entry-level account offers relatively poor trading conditions compared to other market makers/STPs, with average spreads as wide as 1.5 pips (EUR/USD). Trading costs improve on the VIP and Raw accounts, down to 1.1 pips and 0.3 pips (EUR/USD), respectively, but this is in exchange for a 500 USD minimum deposit and a round turn commission of 5 USD on the Raw Account.
With full support for MT4, MT5, and its own proprietary trading platforms, traders can access various trading tools, including Autochartist and built-in trend analysis tools. Additionally, its award-winning educational and analytical materials cater to traders of all experience levels, and BDSwiss allows all trading strategies, including hedging, scalping, and algorithmic trading.
| 🏦 Min. Deposit | GBP 100 |
| 🛡️ Regulated By | FSC, FSA-Seychelles |
| 💵 Trading Cost | USD 15 |
| ⚖️ Max. Leverage | 500:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4, MT5 |
| 💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices |
With a long history of responsible behaviour and local and international regulation, we consider BDSwiss a safe broker to trade with.
BDSwiss was founded in 2012. It is regulated by the Mauritius Financial Securities Commission (FSC) and the Financial Services Authority (FSA) of Seychelles. See below for more details:
BDS Swiss global clients will be trading under the BDS Markets subsidiary, authorized and regulated by the Financial Services Commission (FSC) Mauritius. The level of protection offered by the FSC is low compared to regulators of the EU and Australia, and CFD brokers registered with the FSA are not required to segregate client money from company operational capital, nor offer negative balance protection, and have no leverage restrictions.
However, at BDSwiss all client funds are placed in segregated tier one bank accounts and are offered negative balance protection. If a client falls into a negative trading balance, BDSwiss will adjust the total negative amount so that the client does not suffer any loss. Additionally, BDSwiss’ offers its clients account statements regularly audited by external audit firms.
In terms of industry recognition, BDSwiss outshines many of its competitors. Recent awards include:
FXScouts awarded BDSwiss the award for Best Market Research Provider 2020, citing BDSwiss’s “exceptionally detailed and thoughtful market analysis for traders of all experience levels.”
Overall, because of its history of responsible behaviour, strict auditing processes, and wide industry acclaim, we consider BDSwiss, a trustworthy broker.
BDSwiss has a good range of trading instruments compared to other offshore brokers, including 900+ shares and 26 cryptocurrencies.
Because BDSwiss is not regulated by the FCA or CySEC, it can offer high leverage to retail traders across all its trading instrument classes.
We were disappointed that trading fees at BDSwiss are generally higher than other similar brokers. The one exception is the Raw Account, which requires a minimum deposit of 500 USD.
Account Trading Costs:
As you can see from the table above, costs are higher than average at BDSwiss. The average cost for trading one lot of EUR/USD among similar brokers is about 9 USD per lot. This is only achievable on the Raw Account, which has a minimum deposit requirement of 500 USD.
A trading account aimed at beginners, the BDSwiss Cent Account only requires a minimum deposit of 10 USD and the trading balance is measured in cents rather than dollars. Variable spreads are wide, starting at 1.50 pips on the EUR/USD.
The minimum deposit on the commission-free Classic Account is 100 USD, with variable spreads starting at 1.50 pips on the EUR/USD (which is wider than the industry average). Traders have access to Autochartist and the BD Swiss trading academy.
The minimum deposit on the VIP Account is 500 USD, and spreads are average at best, starting at 1.1 pips on the EUR/USD. In addition to the tighter spreads, the VIP Account has access to several trading and educational tools, including AutoChartist, a personal account manager, and VIP access to built-in trend analysis tools.
The Raw Account is a professional account offering raw spreads in exchange for a minimum deposit of 500 USD. Spreads are down to 0 pips on major pairs at times, though they average at 0.3 pips on the EUR/USD. A reasonable commission of 5 USD/lot round turn is charged on Forex pairs. Because of the nature of this account, an Islamic (swap-free) option is not available.
Spreads and Commission Compared:
The account opening process at BDSwiss is fully digital, fast, and hassle-free compared to other brokers.
Traders are eligible to open an account at BDSwiss, as long as they meet the minimum deposit requirements of each account.
Creating an account is straightforward, the process is fully digital, and accounts are usually ready within one day. BDSwiss notes the online application process takes less than 49 seconds to complete. BDSwiss offers joint and individual accounts, but we will focus on opening an individual account:
How to open an account at BDSwiss:
Overall, BDSwiss account-opening process is quick, efficient, and accounts are generally ready for trading within one business day.
BDSwiss charges no deposit fees but charges high withdrawal fees for certain payment methods. It also offers a wide range of funding methods.
In line with Anti-Money Laundering policies, deposits and withdrawals at BDSwiss cannot be made to/from third-party accounts. BDSwiss does not charge for making deposits to a live trading account, and it charges fees for withdrawals under certain conditions. See below for a list of BDSwiss payment methods:
For international bank transfers, 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 must be used. 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).
Overall, BDSwiss provides a range of payment methods, and although deposits are free, BDSwiss charges high withdrawal fees for low withdrawal amounts, which is not common in the industry.
BDSwiss offers only USD, GBP, and EUR accounts, fewer than most other brokers.
At BDSwiss, traders can only choose from three base currencies: USD, GBP, and EUR. This is limited compared to most other international brokers, and is disappointing for traders who may have bank accounts denominated in other currencies and will have to pay conversion fees on all deposits and withdrawals. Conversion fees can make trading expensive, and are usually not presented on the fee report, but affect profitability.
However, it should be noted that for traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency, there will be a small conversion fee for every trade made.
Overall, BDSwiss offers fewer trading account currencies than most other large international brokers.
With MT4, MT5, and BDSwiss’ own proprietary platforms available, BDSwiss offers support for more trading platforms than most brokers.
BDSwiss trading platform arsenal includes both MT4 and MT5 and its own BDSwiss Webtrader platform, which provides beginner traders an excellent trading experience.
The advantage of brokers offering third-party platforms such as MT4 and MT5 is that traders can take their own customised versions with them should they decide to migrate to another broker. Additionally, there are thousands of plugins and tools available for the MetaTrader platforms. However, these platforms are not as beginner-friendly as the proprietary platform offered by BDSwiss. See below for more details.
Metatrader 4
Having established itself as the industry-leading platform, Metatrader 4 (MT4) is the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading. It is also widely recognised for its fast execution speeds, range of charting tools, algorithmic trading, and customisability. MT4 is available in over 31 languages. Features of the MT4 include:
Metatrader 5
The MT5 trading platform is being adopted by more Forex brokers all the time. It has a more modern interface, allows for an unlimited number of charts to be used, shows Depth of Market, and has a built-in Economic Calendar. It also has a larger number of pending order types than MT4 and features an embedded chat system. The MQL5 scripting language is more efficient than its precursor, and MT5 has more advanced charting tools than MT4. Additional features of BDSwiss’ MT5 include:
MT4 and MT5 are available on PC and MAC, in addition to Android and iOS.
BDSwiss WebTrader
The BDSwiss WebTrader does not require downloading, is available on both MAC and PC, and is fully synchronised with the downloadable versions of MT4, allowing for live price monitoring via an advanced market watch. Translated in more than 24 languages, the BDSwiss WebTrader is designed to accommodate traders’ needs from around the globe.
The BDSwiss WebTrader is a user-friendly platform that delivers an array of tools, including unique indicators, and an intuitive order window that automatically calculates position size, leverage, and required margin. However, the platform lacks many of the features available on MT4 and MT5 such as automated trading and does not cater for third-party tools.
BDSwiss Webtrader
Overall, BDSwiss offers a wider range of platforms than is available at other brokers. With support for third-party platforms such as MT4 and MT5, in addition to its own proprietary platform, this choice will keep most traders satisfied.
BDSwiss’ mobile trading platforms are good when compared to other brokers. BDSwiss offers mobile versions of MT4 and MT5 in addition to its proprietary mobile trading app.
BDSwiss’ MT4/MT5 Mobile Trading App
BDSwiss offers support for MT4 and MT5 mobile trading apps for Android and iOS. Traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced time frames and fewer charting options, but traders can close and modify existing orders, calculate profit and loss, and trade on the charts.
BDSwiss’ Proprietary Mobile App
The award-winning mobile application from BDSwiss is more user-friendly than the standard MT4 mobile application. Featuring an intuitive and user-friendly trading interface, it is designed to be compatible and sync with the 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.
Overall, BDSwiss’ mobile trading experience exceeds that offered by other brokers.
BDSwiss offers an average range of trading tools compared to other similar brokers.
BDSwiss’ trading tools include Autochartist and BDSwiss’ in-house Trend Analysis tool that integrates with the web trader platform. These tools are offered free of charge to all BDSwiss registered clients.
Autochartist
Autochartist is an automated analysis tool offered for free to all BDSwiss registered users. Autochartist monitors 250+ CFDs 24 hours a day and automatically alerts traders on key trading opportunities and forming trends with the highest probability of hitting the forecast price. Some of Autochartist’s key features are:
Autochartist is one of the best technical analysis tools on the market, and BDSwiss does well to offer this tool to its clients.
Trend Analysis
The Trend Analysis tools are exclusively available on BDSwiss’ web trader platform.
Developed in partnership with AutoChartist exclusively for BDSwiss traders, Trend Analysis is a unique tool that enables traders to spot some of the biggest trading opportunities directly on BDSwiss’ WebTrader. Traders can view emerging and recently completed trends for hundreds of assets, in addition to pattern overlays and projected price trends applied live on a chart.
Overall, BDSwiss trading tools are slightly limited compared to what is offered by other large international brokers, but the tools it does offer are some of the best in the industry.
The mobile app offers full 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.
BDSwiss offers excellent educational material for beginner and intermediate-experience traders, including structured training courses, daily webinars, and frequent live seminars.
Market analysis is also excellent and detailed, with market news and insightful daily analysis offered by the BDSwiss team.
Education is where BDSwiss has clearly invested time and effort, and they have created an outstanding selection of materials for beginners.
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 more suited to those with intermediate knowledge. Perhaps the better and more advanced educational material from BDSwiss comes in the form of weekly strategy webinars and frequent live seminars held at BDSwiss’ local offices around the world.
The Educational videos consist of five to six lessons with a quiz to summarize the content. It provides a great introduction to trading. Topics include CFD Trading, The Basics of Forex Trading, and Order Types, among others.
BDSwiss also provides a Forex Glossary in addition to a number of ebooks that are well-written and in-depth.
Webinars are free to non-clients and only require signup to participate. BDSwiss also offers Trading Talks is a 10-course recurring educational webinar that is held every two weeks. Once completed, webinars are added to the video library and combined with other educational videos about aspects of trading and market analysis.
Overall, the education provided by BDSwiss far surpasses that of most other international brokers.
BDSwiss provides an award-winning market research section that is curated by some of the best analysts in the world.
Research and analysis materials at BDSwiss are detailed and well-structured. Financial commentary is split into five sections: Market Preview, Technical Analysis, Daily Videos, Weekly Outlook, an Economic Calendar, and Special Reports. Webinars are also conducted on an almost daily basis in a range of languages.
BDSwiss’ market analysis is curated by a team of renowned markets analysts and professional traders that provide 24/5 market news coverage and actionable financial commentary. Recognised by the global industry community, its Research Team is frequently featured in world-leading publications and is viewed as a reliable, one-stop information hub of insightful market analyses.
BDSwiss’ Telegram channel, which consists of a Free basic version accessible by anyone, and the VIP version which is exclusive to premium account holders (VIP and Raw Account), provides real-time Trading Alerts, volatility alerts, and upcoming live-trading webinars.
All analytical material, including webinars and forecasting reports, is available free of charge, and most of the video content is uploaded to YouTube. The analysis quality is world-class and will be of value to both technical and fundamental traders.
Lastly, the Daily Videos give traders insight into how to approach researching marketing opportunities and trader psychology. We particularly recommend the Daily Market Preview, conducted by BDSwiss’ Market Analyst, Frank Walbaum.
Overall, BDSwiss provides some of the best market analysis materials available in the industry.
Award-winning customer support is available 24/5 via live chat, email, messenger services, and telephone – though telephone support requires calling a European number, and you will be charged accordingly.
Overall, we found the customer service responsive, polite, and able to answer all of our questions.
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.
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.
A well-regulated market maker/STP broker, Bswiss offers trading on multiple instruments, including Forex, commodities, indices, shares, and 26 crypto pairs, which is a wider range than most other brokers. Trading costs are higher than average on two of its three accounts, but improve significantly on the Raw Account, in exchange for a high minimum deposit requirement. BDSwiss also offers support for a wide range of trading platforms, including MT4, MT5, its own proprietary platform, and an award-winning mobile application, alongside a world-class repository of educational and market analysis materials and excellent customer service.
Find out how BDSwiss stacks up against other brokers.
Does not accept UK Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. BDSwiss is regulated by Mauritius FSC and the FSA-Seychelles.
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