BDSwiss Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
BDSwiss is an international brokerage business based in Zurich, Switzerland,
that was created in 2012 and initially provided primarily forex and CFD trading.
BDSwiss moved swiftly into the markets and quickly established itself as one of
the leading trading organizations. Any expert who does a BDSwiss review will
include the amount of clients that BDSwiss has, since this tells you all you
need to know about the company's popularity and trading success. BDSwiss has
more than 1.5 million clients from over 186 countries, and it also serves an
elite Member club with more than 1.5 million traders, according to company
statistics. Get started with BDSwiss.
Since Switzerland was the inspiration for the business's founding, its solid foundation is further reinforced by the wonderful atmosphere that the company has created. And has been offering online trading services as a worldwide operating group since then, with its headquarters in Limassol, Cyprus, and offices in Berlin, Germany, Kuala Lumpur, Malaysia, Tirana, Albania, and Pristina, Kosovo as well as other locations across the world.
According to the BDSwiss evaluations, it has the following characteristics:-
BDSwiss is a brokerage business that is regulated by the Swiss and other regulatory bodies across the world. It offers online services to customers all around the world. CFD trading is something that they are interested in. They provide a diverse selection of financial products using CFDs.
In addition to software solutions, the BDSwiss team is a long-standing member of the famous MetaTrader4 platform, which provides a full trading feature. The Forex trading platform, on the other hand, is far more sophisticated and sophisticated. You may compare it to MetaTrader 4 (MT4), which has a plethora of indicators, technical tools, and a slew of other settings that make the trading process easier for traders.
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BDSwiss allows you to trade a variety of different assets. Every BDSwiss review has praised it for its excellence.
There are several different forms of trades, which may be divided into the following categories: Forex Cryptocurrencies CFDs Trading Software and Features In accordance with the performance of the underlying asset, BDSwiss Payouts will fluctuate. When a BDS evaluation has such a wide range, it is considered to be good.
BDSwiss ensures the security of money as well as customer safety in a variety of methods, ensuring a secure trading environment and investors' compliance with applicable laws and regulations.
It is a proven truth that you are always protected as long as the broker is regulated by the legislation, which BDSwiss adheres to to an exceptionally high standard.
BDSwiss offers larger amounts of trading leverage than most other brokers, with a maximum leverage of 1:500 available. Because of the large range of products that BDSwiss offers, the trade is quite variable. According to the BDSwiss review, BDSwiss is an online forex broker. Because of the high degree of risk involved, forex trading may not be appropriate for all investors. Consumers should be aware of the risks associated with CFDs on stocks in CFD trading. Because of the leverage involved, retail investor accounts may lose money. In addition to the MetaTrader 4 and MetaTrader 5 trading platforms, BDSwiss now offers a web trader and a mobile app for trading a variety of assets. Assets such as currency pairings, indexes, stocks, commodities, and cryptocurrencies are all available. The trading of binary options is also a high-risk investing instrument. It is possible that it will not be suited for all investors.
BDSwiss is the trading name of BDSwiss Holding Ltd. BDSwiss Holding LTD Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus is spread almost everywhere on social media, making it more accessible for customers for both trade and feedback. BDSwiss Holding LTD Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus is spread almost everywhere on social When students respond to questions on subjects that are of interest to them in trade, they may offer their thoughts while also listening to and reading what others have to say.
BDSwiss brokers provide three different types of accounts: the Classic account, the VIP account, and the Raw account. These account kinds were developed in order to accommodate trades of varying quantities in a variety of ways. All account kinds are tailored to their respective domain sizes and come with a set of features that are unique to them.
The following services, according to the numerous BDSwiss evaluations, are provided by the brokers:
In addition to providing highly regulated brokerage services across the world, BDSwiss brokers also provide services in the United States. Its regulation is susceptible to becoming an outlier. There are a variety of assets available for trading on MetaTrader 4 (MT4), MetaTrader 5, the BDSwiss web trader, and the BDSwiss mobile app, among other platforms. Assets and markets are two different things. BDSwiss allows you to trade a wide range of asset types, including forex, commodities, indices, stocks, and cryptocurrencies, among others.
BDSwiss's proprietary web trader is entirely based on the internet. Trade is made easy by having an interface that is clear and uncluttered. Furthermore, the website has sophisticated analytical and graphical representations of the ups and downs of the transaction, which ensures that the assessment gets more thorough as time goes on. Assets like as forex pairs, indices, stocks, commodities, and cryptocurrencies are exchanged in the same way as other assets.
BDSwiss brokers also have their own mobile application, which is well-liked by traders and publications alike, and is available for download. With a trading app, you can access all of the most significant functions, including the ability to do analysis even while on the road, check on open positions, manage them, and access your account management information. Signals are provided for free. BDSwiss provides free trading notifications to all of its clients.
BDSwiss provides versions of MetaTrader4 and MetaTrader5 that are compatible with a variety of devices, including PCs, Macs, mobile devices, and web-based platforms that do not require any installation. However, you may download the desktop version of such platforms and take use of its full functionality, which is more important for active or professional traders.
Because of the high degree of risk involved, forex trading may not be appropriate for all investors. Risk Warning: CFDs on stocks are sophisticated products, and because of the leverage involved, ordinary investor accounts can lose money. The instruments available for CFD trading are diverse. The trading of binary options is also a high-risk investing instrument. It is possible that it will not be suited for all investors.
Thus, a large number of traders choose Metatrader 4 (MT4) as their trading platform of choice because the platform is simply good, with excellent charting capabilities, a wide range of tools, and what is even more pleasant, a large number of add-ons that are available on the market and help to make the trading process more enjoyable. Metatrader 5 (MT5), the most recent version, has garnered widespread appeal for its even more developed tools and extensive analytical options, which are appreciated by both novices and experienced traders alike. Furthermore, there are a plethora of techniques to pick from that are beneficial for any trader, whether they are novices or seasoned professionals, and can be used with manual trading or automatic trading with EAs.
Through its Academy, the BDSwiss teaches its clients while providing them with the best possible support and help, enhanced goods, and complete transparency. - Educational resources that provide essential knowledge on how to function in the capital and financial markets, as well as how to construct one's own trading strategy through authorized courses and webinars.
In addition to extensive education materials supplied by Forex Courses, which are classified according to the degree of experience, Webinars, and Seminars are available. Furthermore, the broker provides Daily Webinars, which are an excellent chance for all traders (and especially for novices) to broaden their understanding of the Forex market.
You will also get access to helpful information such as market notifications, trading information, and analysis through the company's well-established BDSwiss Blog, which is unquestionably beneficial and required for every trader, especially newbies. Proper education ensures that a customer will be able to analyze data online in a more efficient manner before making an investment.
Financial media resources and access to live education through daily webinars conducted by industry professionals are also available. Competitive Conditions & Ultra-Fast Execution: Research & Analysis Trading Academy Access the financial markets with a customized account that is tailored to the needs of the user, and take advantage of competitive conditions and superior execution speeds.
BDSwiss also provides excellent research and charting tools for market research, in addition to providing traders with a variety of unique resources to help them become better traders. Clients get access to a variety of resources, including economic calendars, high-quality market analysis, and market research conducted by the BDSwiss Analyst team. Additionally, all clients have access to Authochartist and Trading Alerts. Because of the coherence of the research, it is possible to conduct a more extensive online data evaluation.
Daily Market Analysis, which delivers 24/5 market coverage and leading financial analysis through daily previews, video briefings and special reports, as well as trade alerts, is another fantastic and useful feature that can be found in the BDSwiss Research Portal - click here for more information. The following is a succinct outline of the most important studies and tools currently available: -
The most recent market happenings, including those affecting the currency, stock, and commodity markets, as well as worldwide economic developments.
Technical analysis is the study of price chart analysis on the currency, stock, and commodities markets, among others.
BDSwiss' skilled analysts and traders present video courses, analytical videos, and insightful webinars to help you learn more about their products and services.
It covers economic news and events from the previous week as well as those scheduled for the following week.
Articles that cover the most recent developments, however, the level of depth in the research tool is dependent on the client portfolio or account types, such as VIP account and Raw account holders, who will benefit from more in-depth research materials such as Exclusive Webinars, Performance Stats, VIP Trading Alerts, and VIP Trading Alerts for the entire account.
Business Development Switzerland (BDSwiss) is a trade name of BDSwiss Holdings Ltd., which is a business formed in Cyprus under the laws of which also possesses a Cyprus Securities and Exchange Commission license to provide legal financial and trading services to its clients. As a member state of the European Union, Cyprus' investment services legislation fully conforms with the European MiFID and MiFID II Directives, which are intended to ensure a safe trading environment and to regulate the functioning of capital and financial markets itself.
Furthermore, as a holding company, the BDSwiss team provides services to businesses in Cyprus, Germany, and other locations where it is all permitted to provide trading chances. Due to the fact that every client account has clients, traders of any skill level or degree of knowledge may obtain quick access to asset classes and tools, all of which are designed to give a greater trading experience to their consumers.
The BDSwiss team is authorized to provide services within the European Economic Area (EEA) and is a regulated broker, while the local authorities registered the company in their records of accomplishment or simply allowed them to conduct offerings legally as a result of the broker's records, according to the company's records.
Others are located in desirable offshore jurisdictions such as Mauritius and the Seychelles, where BDSwiss has registered with the Mauritius Financial Services Commission (FSC), and FSA BDS Ltd is a company that has been approved and regulated by the Financial Services Authority. Please have a look at the policies that pertain to the regulation. The Financial Conduct Authority has determined that the examination of the insurance you purchased is allowed and regulated. CySec.
BDSwiss is a member of the investor compensation fund, which "is a private legal body that will repay clients' non-invested capital up to a maximum of €20,000 in the case of the firm's collapse," according to the company.
BDSwiss is available for trading online and through the BDSwiss mobile app trading platform around the world, including the United States. BDSwiss is a severely regulated broker service with Swiss banking licenses, which restricts the flexibility of investors to move about freely in the financial markets.
BDSwiss is regarded as user-friendly because to the ease with which it may be dealt with and the ease with which it is accessible. BDSwiss is overly reliant on companies, and the instruments available are limited to stocks, commodities, forex, metals, indices, cryptocurrencies, and exchange-traded funds (ETFs).
The minimum deposit with BDSwiss is 100 $, whereas other brokers maintain a minimum deposit in the region of 500 $ regardless of market circumstances at the time of deposit. Three nations control BDSwiss, and the company is in possession of the following regulatory licenses. 1999/13 Cyprus Securities and Exchange Commission (CySEC), Cyprus Securities and Exchange Commission (CySEC) Financial Services Commission (FSC) of Mauritius, C116016172. National Futures Association(NFA) of the United States of America, 0486419. Overregulation of BDSwiss may have a negative impact on a firm in a variety of ways.
BDSwiss offers the ability to trade Cryptocurrencies based on CFDs at reasonable pricing. Hedging is not permitted at BDSwiss.
According to the BDSwiss review, the following procedures should be followed for a smooth trading experience:-
The BDSwiss Sign In page has been loaded. You may also use an existing Facebook or Google account to sign in to your account.
- Fill out the form with your personal information (name, email, phone number, etc).
- Verification of your account will be accomplished through the upload of your documents. It is a legal method to verify your residency by inspecting a utility bill, your ID, or other official documentation.
- Fill out a questionnaire about your previous trading experience and aspirations in the market.
- Once your account has been activated, you will be able to log into your personal account section.
- Following that, once you have learned about all of the dangers and advantages associated, you may proceed with fundraising.
- You will be able to start trading on BDSwiss platforms almost immediately after signing up.
The company now offers three major account kinds: Classic, VIP, and Raw. These account types are designed to meet the demands of different Forex traders by offering reduced prices for smaller transaction amounts and more complex facilities for larger trade quantities. While the Classic and VIP accounts are based on a spread-only model, the Raw account is based on an interbank spread model with commission costs per lot added on.
When opening your BDSwiss account types, you have the option to select your preferred base currency from a list of options that includes the Euro (€), the United States Dollar ($), and the British Pound (£). This is beneficial because it means you will not be charged for currency conversion (EUR, USD), and your trading account balance will not be able to fall below zero due to the negative balance protection that has been implemented.
Additionally, BDSwiss provides a "Demo Account" that is free of capital risk and allows you to either learn or practice strategies, check the trading conditions before the live trading account is activated, which is very important for your better understanding and so demo account holders do not have to go through the high risk of losing money on a live trading account. When one trades binary options, he or she is taking a high-risk investing opportunity. It is possible that it will not be suited for all investors.
Demo accounts make the site accessible to those who are new to the platform and want to get additional experience. Demo accounts may be opened with a minimal initial deposit amount, and extensive instructional courses are provided through the Trading Academy. Daily webinars are also offered to keep traders and demo account holders up to date on changes in capital and market conditions on a consistent basis. Beginners that use a demo account learn a few things about BDSwiss trading from the experience they have with the account. Demo accounts are devoid of capital risk, which means that demo account users do not have to deal with the substantial danger of losing money that comes with having small deposits. Binary options trading is likewise considered to be a high-risk investing instrument. It is possible that it will not be suited for all investors. You must first register for the demo account and then contact your account manager in order to have demo monies deposited to your account.
When we look at the leverage margins of other trading platforms, we see that the minimum leverage margin is as low as 1:300, whereas BDSwiss has a leverage margin as high as 1:500, which allows traders to look forward to fine trades that they are encouraged to deal with because their margin helps traders to look forward to fine trades that they are encouraged to deal with
Choosing a Raw Account is a good option if your trade size is larger and you desire a commission-based trading structure. The Raw account has an interbank spread and a commission paid each transaction opening of $5, which is the same as the Standard account. Classic and VIP account costs are included in the spreads and commissions charged when trading commodities, cryptocurrencies, and other financial instruments. The fees charged by BDSwiss vary depending on the account type you choose.
For a more in-depth examination of the subject, please see the table below, which compares the most popular assets available through the BDSwiss Classic Account type. According to the broker, Classic Account spreads in pip begin at 1.5 pip, while VIP Account spreads begin at 1.1 pip, making VIP Account conditions the most favorable. Additionally, you may compare BDSwiss costs to those of its rival XMtrading as well as those of other prominent brokers listed and obtain a BDSwiss review as a result before making any decisions.
At BDSwiss, you may trade in the most popular stocks, indices, forex, commodities, and cryptocurrencies, all of which are traded as CFDs or exchange-traded funds (ETFs) on stocks. BDSwiss gives access to smooth trading through a wide range of underlying assets, including commodities and cryptocurrencies, that total more than 250.
You can benefit from trading by using BDSwiss's user-friendly portal, which provides access to the most liquid capital and popular markets. This is in contrast to many other trading platforms, which do not allow you to choose the desired and most understandable instrument according to your trading needs.
You may trade Cryptocurrencies using CFDs as well, and at a quite low expense. In addition to a wide selection of tools that provide sophisticated portfolio features and the ability to trade major Cryptocurrencies through CFDs, BDSwiss's trading fees for CFDs on shares and account types are among the industry's best. Commissions & Margin Calls In accordance with the account type and the market transacted, trading expenses with BDSwiss are variable, with some accounts being commission-free and others being commission-based. Market circumstances and competition with other trading platforms will not have an impact on the total value of the asset.
In addition, the firm maintains an active blog and trading community, which allows users to share their expertise and experiences in order to gain a better understanding of the capital market, financial markets, and trading itself. As a result, the conclusion is that BDSwiss provides a high-quality service that is suitable for both new traders and seasoned professionals alike.
See the chart below for a complete breakdown of BDSwiss pricing, which includes financing costs and administrative fees for accounts that are not in use, sometimes known as inactivity fees. This will give you a general sense of the charge structure.
In addition to the margin requirement, BDSwiss trading fees are heavily based on spreads; for each underlying asset you trade, you will be charged for and for which your usual applicable spread will be found, while the rollover for short and long positions is also an additional charge if you held positions overnight, as is the margin requirement.
Commissions & Margin Calls Depending on the type of trading account and the market traded, trading with BDSwiss can be commission-free or commission-based, depending on the circumstances. BDSwiss does not charge any fees for credit card/debit card and electronic wallet deposits, though the rules of deposit may differ from one entity to another. To learn more about the fee structure of the brokers, please visit this page.
BDSwiss brokers platform collaborates with a variety of different payment service providers, allowing it to accommodate a wide range of different deposit methods across a number of different countries.
A payment method must be universal in order for you to be able to use it for the transfer of funds. On BDSwiss, there are a variety of payment methods available. The following are some examples of payment methods:-
- Money transfer through Credit cards or debit cards.
- Money transfer through Bank transfer/wire transfer.
- Money transfer through Sofortüberweisung.
- Skrill, iDEal, EPS, giropay, and many more.
The min deposit for the BDSwiss platform is 100 $ which is less than most brokers online that costs around 500 $. There isn’t a trading platform with a lesser min deposit. Commissions & Margin Calls In accordance with the account type and the market transacted, trading expenses with BDSwiss are variable, with some accounts being commission-free and others being commission-based.
While the minimum withdrawal amount at the BDSwiss platform is $100, in most cases the withdrawals are processed free of charge so the withdrawal fees are nil. Yet in case you would like to withdraw profits less than the mentioned amount the broker may add on a fixed processing fee of 10$. BDSwiss platform arranges withdrawal options with a good range of supported payment methods.
As the broker mentions it is always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed.
It is important to always give additional days for one’s payment to proceed with the transaction once it is already confirmed and done by BDSwiss.
One is supposed to log in to one’s Client Portal and submits a withdrawal request by following the required procedure. Commissions & Margin Calls In accordance with the account type and the market transacted, trading expenses with BDSwiss are variable, with some accounts being commission-free and others being commission-based.
In a BDSwiss review as broker experts always talk about how BDSwiss trading platform is a secure platform as it is highly regulated and we must admit that one is always protected as long as the broker is regulated by the regulations. Moreover, the BDSwiss is registered with U.S. authority NFA as a member and an introducing company – BDSwiss LLC – authorized by NFA (U.S.) registration no. 0486419
BDSwiss brokers have multilingual customer support which is unique and great for its overseas clients. Group companies include BDSwiss Holding plc, BDSwiss LLC, BDS Markets, and BDSwiss GmbH. Business affiliates are known as partners and can access a variety of services, additional knowledge base, and community forum directly on the platform. Trading Platform The BDSwiss site defaults to the English language, however, international clients can opt to use the sites in multiple languages. Languages from different regions find their place here.
Customers of different languages can also work easily on the website finding their languages by search. Customer support is a service that a trader requires daily, available on a very sustainable and professional level here, and has been successful in answering customers’ complaints. Even though you can Live Chat, Phone, or use the email address within working hours 24/5 at BDSwiss trading platform one still remains happy with its customer support team and its quality level.
BDSwiss managed to excel at a much faster pace than its contemporaries. It managed to increase its client portfolio to over a million customers. Its widespread customer base, which springs from easy use for the trading interface and genius customer support with minimum charges, is bound to increase with time and most of the trading business, and this fx online brokers will obviously show positive growth because of that.
They have stable trading conditions and a global proposal suited to worldwide clients. Industry experts like it that the BDSwiss broker relies on Swiss expertise in finance and provides an opportunity to engage in trading to almost any resident, due to their regulation by the EU authority and other additional registrations. Here you can find more about other top rated forex brokers.
Is BDSwiss Legal? BDSwiss trading platform is as legal as any other trading platform, in fact, its higher regulation makes it more much more secure from illegal handling of trade.
Can You Get Scammed on BDSwiss? BDSwiss is a registered body and nobody in here can scam you here, although you have to be cautious of third party scams who can dupe you anywhere and you need to compare continuously, as is provided on the BDSwiss website, the details of the company when one trades with the other companies and see what is best suited for your considerations.
How Long Does It Take to Withdraw from BDSwiss? It does not take much time to withdraw from BDSwiss. As the broker mentions it is always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed.
What Is the Min Deposit for BDSwiss? 100$ is the min deposit for the BDSwiss Webtrader platform. BDSwiss is far ahead of its contemporaries in this regard. Every expert in BDSwiss review has appreciated this fact.
Is the BDSwiss Trading Platform Good for Beginners? With its easy-to-use interface and low minimum deposit BDSwiss welcomes all kinds of investors to begin their trading journey whether beginners or professionals. Besides, the BDSwiss trading platform is highly regulated. BDSwiss Group is regulated in three countries, holds the following regulatory licenses. Cyprus Securities and Exchange Commission (CySEC),199/13 Mauritius: Financial Services Commission(FSC) FSC, BDS Markets is authorized and regulated as an Investment Dealer by the FSC on 06/12/2016 Mauritius, C116016172 United States: National Futures Association(NFA), License no 0486419. FSA BDS Ltd is authorized and regulated by the Financial Services Authority. They can begin trading assets including Forex pairs, indices, equities, commodities, cryptocurrencies. Client transactions for forex and indices etc. can be easily compared online. Trading opportunities for everyone are thus guaranteed.
What Is the Minimum Withdrawal Amount from a BDSwiss Account? Does BDSwiss Charge Trading Fees for Withdrawals?
Except for bank wire withdrawals from accounts, BDSwiss does not require a minimum withdrawal amount. However, it should be noted that withdrawals that are below 2EUR cannot be processed as the requested withdrawal amount is lower than the fees BDSwiss incurs for processing such withdrawals.
Commissions & Margin Calls Trading costs with BDSwiss vary, depending on account type and the market traded, with some commission-free and some commission-based. That being said, please note that a 10 EUR fee will apply to any bank wire withdrawals under 100 EUR and any other withdrawals amounting to 20 EUR or less. For bank transfers via wire transfer international payments from a bank account, the minimum withdrawal amount is 50 EUR after the deduction of the 10 EUR basic fee. For SEPA transfers there is a minimum withdrawal amount of 5 EUR after the deduction of the 10 EUR basic fee.
Can Us Customers Access BDSwiss Services? No, BDSwiss currently does not allow US-based clients to access its online services. Although the group has a US-based National Futures Association license and this might change in the future, US customers, even with foreign passports and other citizenship, are not able to use the platform but their currency [EUR (€), USD ($)] is applicable. Group companies include BDSwiss Holding plc, BDSwiss LLC, and BDSwiss GmbH.
Are BDSwiss Customer Accounts Insured by the Regulator? No, BDSwiss customer accounts are not insured by either CySEC or the FSC. However, BDSwiss Holding LTD Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus is a member of the Investor Compensation Fund, which is an independent self-regulatory body for the industry. Should a client experience an issue with BDSwiss that requires mediation, the Financial Commission will monitor the ensuing processes. If a decision is rendered in the client’s favor, a client is eligible for compensation of up to EUR 20,000.
Are Copytrading Services Available to BDSwiss Clients? They no longer provide the Wealth Management Program, and a Copy Trading tool is offered under the FSC, but only for clients residing outside the European Union.
Is it possible to use a demo account in order to test BDSwiss services before depositing funds into a live account? It is possible to open a BDSwiss Practice Account with a $10,000 initial deposit after creating your account and providing your account details. This account may be used to test the BDSwiss WebTrader platform, MetaTrader 4 and MetaTrader 5 (MT4/MT5), or a mobile app. In addition, the sample account balance can be reset to $10,000 at any time. It is necessary to register for the demo account as well as communicate with your account manager in order to have demo monies credited to your accounts.
BDSwiss, situated in Zurich, Switzerland, is a well-known broker that has
swiftly grown to become one of the largest online trading firms in the world.
The company was founded in 2012 and has grown to become one of the largest
online trading organizations in the world. BDSwiss now has a customer base of
more than 1.5 million users from more than 186 countries, with an average
monthly Forex volume of more than 30 billion dollars.
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In addition, BDSwiss is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC), which allows it to provide non-EU clients a variety of flexible leverage alternatives.
BDSwiss has grown to become a global trade company with headquarters in Cyprus and offices in Kuala Lumpur, Malaysia; Berlin, Germany; Pristina, Kosovo; and Tirana, Albania. BDSwiss has grown to become a global trade company by offering commission-free commodity and forex trading, as well as competitive prices for commodities, indices, and equity CFDs.
BDSwiss has earned not just great comments from traders throughout the world, but also a flood of accolades in recognition of the broker's superior operations and user-friendliness of the trading environment. As a result of its app and trade execution, it has received high appreciation and recognition, and this has been confirmed by the company's long-standing trading record.
When it comes to trading capabilities, as well as high-quality features and products, BDSwiss outperforms many other brokers in almost every category. It takes less than a minute for consumers to establish an account with this award-winning service, which has been recognized for its speed and ease of use. You have the option of selecting from three different account kinds, as well as a sample account with $10,000 in virtual funds. BDSwiss provides you with access to a diverse range of assets, including cryptocurrencies, totaling more than 250.
With an outstanding WebTrader, mobile app, and desktop platform, this broker outperforms the competition when it comes to trading platforms and functionality. A large number of high-quality research tools are available, and the education area is particularly comprehensive. They provide excellent customer service 24 hours a day, five days a week by live chat, phone, and email. Given that BDSwiss is tightly regulated by well-known regulators, you can rest certain that your money is secure with the broker.
The BDSwiss exchange, on the other hand, does not allow customers from either the United States or Canada. Furthermore, it does not have a large range of cryptocurrencies to choose from.
BDSwiss is not the only online broker in the business that provides enticing benefits and few negatives, but it is the most prominent. In truth, there are a plethora of brokers available that are fierce competitors to BDSwiss. You must first have a basic idea of what other rivals have to offer before deciding if BDSwiss is the greatest option on the market or not.
New account openings are handled using a user-friendly online application that adheres to industry best practices and standards. According to BDSwiss, the entire procedure takes less than 49 seconds to complete. A copy of your identification and one proof of residency document, as well as two questionnaires, must be submitted in order to complete the account opening procedure.
To open a new trading account with BDSwiss, simply follow the procedures outlined below:
- Navigate to the Sign In page. You can also join up using your Google or Facebook account if you already have one.
- Please include some personal information such as your name, phone number, email address, and so on.
- Provide supporting documentation, such as utility bills or identification, to validate your account.
- Fill out this form to tell us about your previous trading experience as well as your trading aspirations.
- After your account has been activated, you will be able to log into your account area.
- Learn about all of the advantages and hazards associated with trading, and then you may begin financing and trading immediately.
BDSwiss offers three basic account kinds to choose from: the Classic account, the VIP account, and the Raw account. Each of these account types was created to satisfy the demands of various Forex traders by giving lower pricing dependent on the quantity of the trades placed on the account. BDSwiss may provide Islamic bank accounts upon request.
When you establish your BDSwiss trading account, you have the option of selecting one of three base currencies: the US Dollar, the Euro, or the British Pound. This is a terrific feature since it ensures that your account balance will never fall below zero due to the negative balance protection. In addition, there will be no currency conversion fees imposed.
The interbank spreads as well as a per-lot commission charge are included in the price of the Raw account. Spreads are the sole thing that determine the value of the Classic and VIP accounts, respectively. When trading on the Classic account, the average spread is 1.5 pip, however when trading on the VIP account, the average spread is 1.1 pip.
As an additional service, BDSwiss provides a risk-free Forex or CFD demo account that allows you to study, practice, and analyze trading techniques as well as trading conditions before opening a real account with the broker.
To test the WebTrader platform, MetaTrader4/MetaTrader5, or mobile app, you may open a demo account with a $10,000 first deposit after registering your BDSwiss account and making a $10,000 initial deposit. Furthermore, by resetting your demo account, you will be able to restore the balance to its original value of $10,000. BDSwiss has a large array of assets to choose from. BDSwiss provides 51 currency pairs, 7 commodity CFDs, 21 cryptocurrencies, 12 index CFDs, and 138 equities CFDs in addition to its standard spread of 1%. A vast range of more than 250 assets is available for trading at the broker, including CFDs on the most popular indices, commodities, currencies, and cryptocurrencies. With the opportunity to access the most popular and liquid markets, you may choose the most relevant and intelligible instrument for you from the broker's site, which is accessible over the internet.
BDSwiss is an excellent broker for those who are just getting started with cryptocurrency trading. In addition to competitive trading costs, it provides a diverse range of services, such as a robust portfolio function and the capability of trading cryptocurrencies, amongst others. Cryptocurrencies may be traded using CFDs, which have cheap transaction costs.
A wide range of high-quality products is available at BDSwiss, making it a good choice for both rookie and expert traders.
BDSwiss provides a wide range of payment options, some of which may alter based on nation regulations and your geographic region, so it's always a good idea to double-check this information before making a purchase. Deposits on BDSwiss can be made using a variety of methods, including bank transfers, credit cards, Sofortüberweisung, Skrill, EPS, iDEal, giropay, and others. In addition to a large range of withdrawal ways, BDSwiss requires a minimum withdrawal of $100, with most transactions being handled for no charge. However, if your withdrawal amount is less than the required minimum, BDSwiss may impose a $10 fee on your withdrawal transaction. Leverage enables you to trade with a higher amount of money, thus raising your earnings while also increasing the likelihood of experiencing losses. As a result, always use it with caution. Clients residing in Europe who trade Forex instruments can use a maximum leverage level of 1:30 on these instruments. BDSwiss traders from all over the world, however, may still be eligible for a wider spread of up to 1:500 in some cases. The Raw account provides reasonable spreads on all currency and gold pairs, as well as a charge of $5 per traded lot on all transactions.
We recommend that you visit the official platform of BDSwiss for the most up-to-date information, and that you check each instrument individually because the information varies based on the asset.
It is possible to obtain versions of MetaTrader4 and MetaTrader5 that are
compatible with a range of devices. These include PCs, Macs, apps and a
web-based platform that does not require any installation on the client
We can see why so many traders like MT4 - the platform is superb, offering a diverse range of tools and charting capabilities, all of which add to a pleasurable trading environment. Because it is a new version, MT5 has quickly gained popularity among both rookie and experienced traders alike, owing to its powerful tools and comprehensive analysis options, which are available.
You may try the WebTrader, which is perfectly synced with the MT4 downloadable versions if you're seeking for something different than MetaTrader. The WebTrader is a proprietary online trading platform that does not require any installs or downloads, allowing you to access your BDSwiss account from any browser without the need for a download or installation.
The platform has a clean, user-friendly interface as well as a variety of complex analytical features, such as risk management and technical analysis tools, to help users make better decisions faster. You will get access to WebTrader, which is available in more than 20 different languages. The WebTrader platform provides practically all of the functionality of the BDSwiss platform, allowing you to have a complete trading experience while simply using your browser.
Despite the fact that the WebTrader is marketed as a feature-rich platform, it does not provide automated trading solutions. So it's a less powerful version of the MetaTrader 4 and MetaTrader 5 online interfaces.
BDSwiss, like any other trustworthy broker, has its own mobile app, which is well-liked by traders and has garnered positive feedback. User-friendly and responsive, the BDSwiss Mobile App is a great addition to your smartphone or tablet. You get access to all of the most important capabilities from that location, allowing you to conduct analysis and access your BDSwiss account management while on the road. You can also open an account, make deposits, withdraw funds, and upload your Know Your Customer (KYC) information.
It offers traders a complete trading and transaction history, cryptocurrency pair trading 24 hours a day, real-time quotes and interactive charts, as well as in-app user training and help through live chat or email.
You may also download the desktop version, which allows you to access MetaTrader4 and MetaTrader5, as well as all of its features, which are particularly handy for more active or seasoned traders.
BDSwiss provides fantastic research tools to help you improve as a trader by providing you with unique information. Additionally, you'll get access to Trading Alerts and Authochartist, in addition to standard resources such as Economic Calendars and great market research from the broker's staff. Another wonderful and valuable service offered in the BDSwiss Research Portal is Daily Market Analysis, which provides market coverage five days a week. Daily Market Analysis is a service that gives market coverage five days a week.
Customers with a VIP or Raw account, for example, will have access to more in-depth study materials such as Exclusive Webinars, VIP Trading Alerts, and Performance Stats. Clients with a Standard account will not have access to the same degree of research resources.
By means of its Academy, BDSwiss is able to give clients with the finest possible assistance and guidance. Strong courses and webinars that teach you how to create your trading strategy and function in the markets are available as educational materials.
BDSwiss also offers webinars on a daily basis, which are an ideal method for you to learn more about the foreign exchange market. You'll also be able to obtain important information such as market alerts and analysis through the company's blogging platform. When it comes to the excellent quality of their trade products and services, BDSwiss is happy to have garnered honors from some of the industry's most prestigious awarding bodies, including the following:
- International Investor Awards for the Best Foreign Exchange and CEDs Providers in 2020
- FxScouts Awards for the Best Market Research Provider in 2020
- THE BEST PARTNERSHIP PROGRAM FOR 2020 The ASIA Global Banking & Finance Awards are presented annually.
- World Finance Awards for the Best FX Research and Education Provider in 2021
- THE MOST EXCELLENT MOBILE TRADING PLATFORM IN EUROPE FOR 2021
- Awards in the fields of banking and finance from across the world When trading with BDSwiss, you can be confident that your funds are safe.
The company is licensed by authorities in Switzerland, Cyprus, and other
countries, and it provides low-risk Forex and CFD trading. A trade name of
BDSwiss Holdings Ltd., which is a Cyprus-based company that is licensed by the
Cyprus Securities and Exchange Commission (CySEC) to provide genuine financial
and trading services.
In terms of the supply of trading services, Cyprus's legislation complies with the European MiFID and MiFID II Directives, as well as international standards. These directives provide traders with a safe and secure trading environment. As a result, the BDSwiss firm is regulated and is permitted to conduct business within the European Economic Area.
In addition to its operations offices in Mauritius and the Seychelles, which are registered with the Mauritius Financial Services Commission (FSC), BDSwiss also has a presence in the United Kingdom, which allows it to service a greater number of clients worldwide.
Funds security and client protection are required to be given in a number of methods, according to the legislation, in order to create a secure trading environment. This implies that as long as BDSwiss abides by the guidelines, you are secure from harm. BDSwiss is known for providing the best customer service in the market. Their multilingual workforce is competent, long-lasting, and available to you 24 hours a day, five days a week to answer any queries you may have by live chat, phone, or email.
When it comes to their phone number, BDSwiss employs local numbers in order to avoid charging you for long distance calls.
Number to call in English: +44 2036705890
Phone number in Germany is +49 3021446991.
Call the following phone number in Italy: +39 0689970124
Phone number in French: +33 184671942
Telephone number in Spanish: +34 910756937
+35 1308810611 is the Portuguese phone number.
Phone number in Greece is +30 2111984082.
Support may be reached at firstname.lastname@example.org.
If you're not a trader situated in the United States or Canada, or if you don't mind a limited range of cryptocurrencies, we propose that you put your money into BDSwiss.
Traders' high expectations are met by this award-winning broker, which provides trading chances to both newcomers and seasoned investors. Trades of any skill level will be able to choose an account type that will meet their individual trading requirements. In addition to its own WebTrader and great mobile app, it offers clients significant instructional information as well as daily webinars presented by the company's professionals. It is headquartered in the United Kingdom.
Because of the incorporation of small spreads and first-rate liquidity, trade execution is always smooth. The very courteous and responsive support team is available in seven languages via local phone lines and email, as well as in a total of 12 languages via live chat, should clients encounter any difficulties. BDSwiss is also one of the most strictly regulated brokers available, which means you won't have to worry about your money being stolen by an internet broker at any point in time.
To summarize, it's difficult to dislike a broker like BDSwiss. It's a respectable broker that provides services that any trader would be foolish to forego using.
Can you tell me how long it takes to withdraw money from BDSwiss? As stated
by the broker, it aims to provide withdrawal services that are processed within
24 hours of the request. It should be noted that this only applies during
business hours, thus withdrawals may take longer to process on weekends and
holidays. Additionally, once your payment has been verified and made by the
broker, it is advised that you allow additional days for your money to be
received in order to proceed with the sale.
Is there a price for being inactive on BDSwiss? If there has been no trading activity in your account for more than 90 days, a monthly charge of ten percent will be deducted from your account balance.
What is the reason that I am unable to withdraw my monies from BDSwiss? If your withdrawal request was turned down, it might have been because of one of the following factors:
1. There is insufficient money in the account.
The available free margin does not provide enough coverage for all open positions.
3. The withdrawal information is wrong.
What is the best way to make a deposit into my BDSwiss trading account? If you want to make a deposit into your BDSwiss trading account, please follow the instructions below:
1. Select Payments – Deposit from the drop-down menu for the account you wish to fund.
2. Enter the amount of money you wish to deposit.
3. Select a deposit method and then click on the 'Proceed to Pay' button.
4. On the following screen, you must confirm the details of your deposit.
How do I make changes to my card information on BDSwiss? Go to your Account page on the BDSwiss dashboard, then choose 'Settings,' and then 'Personal Profile.' Once your new proof of residency document has been received and accepted by BDSwiss, your profile will be updated.
Do you have any information on how to transfer monies from one BDSwiss account to another? If you wish to transfer money between your BDSwiss accounts, send an email to email@example.com and mention which of your accounts you want to transfer money to and from, as well as the account numbers, in the body of the email. Your request should be handled within 24 hours after submission.
Is there a cost for withdrawing money from BDSwiss? Withdrawals are often completed without the payment of a charge. There are a few exceptions, such as if you want to withdraw an amount that is less than $100, €100, or £100, or if you want to withdraw a total that is less than $1,000. Any bank wire withdrawals under €100, as well as any other sorts of withdrawals totaling less than €20, will be subject to a €10 processing fee.
Sites like BDSwiss in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- OANDA - American broker that is now spreading its wings. (OANDA Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- Orient Finance - Local online-trading broker that caters to novice traders looking to invest in the foreign exchange markets. (Orient Finance Review)
- Alfa Financial - Their office is located at City Centre Deira on Port Saeed Road; and generally tends to attract investors within Dubai. (Alfa Financial Review)
- One Financial Markets - Local forex broker with an office at Dubai International Financial Centre at Index Tower. (One Financial Markets Review)
- Amana Capital - A broker located at Central Park Towers, Dubai International Financial Center. (Amana Capital Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Century Financial - Old online-trading broker with an office at Level 6, Building 4, Emaar Square, Downtown Dubai. (Century Financial Review)
- IFCM UAE - Nothing special about IFC Markets, but it does have a dedicated .AE website for UAE clients. (IFCM UAE Review)
- EARNEX - This one is present at Jumeirah Lakes Towers and is licensed by the SCA. (EARNEX Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- Gulfbrokers ae - Dubai Multi Commodities Centre (DMCC) regulates this broker, but there nothing extraordinary about this brand. (Gulfbrokers AE Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.