Our detailed BDSwiss review provides valuable insights you may wish to consider before trading with this forex broker. Enhancing your knowledge and understanding can help you make better-informed trading decisions and invest with greater confidence.
This broker is currently unverified. Please be wary of investing with untrustworthy brokers who may not meet important criteria or have adequate safety measures in place.
FX Trust Score Index - BDSwiss
BDSwiss gained an overall score of 48.25% across our five different ratings criteria.
FX Trust Score Index Ratings
How the Trust Index worksBDSwiss Pros and Cons
- Easy account opening
- Zero withdrawal fees
- Good educational resources
- Does not allow hedging
- Does not allow scalping
- Mobile app has poor functionality
- High inactivity fees
- Not available to EU or UK residents
Trade with a Trusted Broker
BDSwiss at a Glance
-
Overview
-
Client Support
| Overview | |
| Year Established | 2012 |
| Licences Held | FSC (Mauritius), FSA (Seychelles), FSCA (South Africa), MISA (Comoros) |
| Demo Account Available | Yes |
| Base Currencies | USD, EUR, GBP, CHF |
| Promotions | Yes |
| Account Opening Time | Typically within a few minutes |
| Withdrawal Fee | None |
| Inactivity Fee | $30 per month after 90 days of inactivity |
| Minimum Deposit | $10 |
| Minimum Position Size | Variable, depending on the asset |
| Maximum Leverage | Up to 1:2000 |
| Spread Type (Fixed/Variable) | Variable |
| Average Spread (based on EUR/USD) | 1.3 pips |
| Available Assets | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
| Number of Currency Pairs | 50+ |
| Account Types | Classic, VIP, Zero-Spread |
| Mobile Trading | Yes |
| 24/7 or 24/5 Trading | 24/5 (24/7 for Cryptocurrencies) |
| Hedging Allowed | No |
| Scalping Allowed | No |
| Swap Free Account | Yes, available for Islamic Accounts |
| Languages | 17 |
| Affiliate Program | Yes |
| Free Educational Resources | Yes |
| Daily Technical Analysis | Yes |
| Platforms | WebTrader, Mobile App, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Payment Methods | |
| Deposit methods | Credit/Debit Cards, eWallets, Bank Transfer, and more |
| Withdrawal Methods | Credit/Debit Cards, Bank Transfer, PayPal, eWallets, and more |
| Withdrawal times | Within 24 hours |
| Withdrawal limits | None |
| Currencies | Multiple currencies supported, including USD, EUR, GBP, and more |
| Live Chat | Live Chat and 24/7 Chatbot available |
| Contact Info | Email support available |
| Social Media Channels | X (Twitter), Facebook, YouTube, Instagram, LinkedIn, Telegram |
Is BDSwiss a Trusted Forex Broker?
In this review, we will be taking a closer look at the BDSwiss broker and evaluating its trustworthiness through examination of a number of factors, including fund safety, fees, trading platforms, customer support and more. BDSwiss has been active in the online trading space for more than a decade and has gradually expanded its operations during that time. That said, whether you are a beginner trader or an experienced market mover, you should read the below review carefully before choosing to open an account with this broker.
Introduction to BDSwiss: A Brief Overview
BDSwiss, founded in 2012, is an established and regulated broker, offering trading services to more than 1.6 million registered forex and CFD traders worldwide. After maintaining a relatively strong industry presence over the past decade, BDSwiss is known for its comprehensive Trading Academy, comprising an array of educational resources such as articles, eBooks, videos, seminars, and a glossary.
However, in terms of trustworthiness and regulation, BDSwiss has a slightly troubled history, which may concern some traders. In 2021, it was ordered by the FCA to cease all marketing activities in the UK. The broker was also instructed to close all existing trading positions and return funds back to its customers.
Is BDSwiss safe?
Licensing and Regulation
BDSwiss is regulated by a number of authorities, relating to the specific regions in which the broker provides trading services to clients. This includes licences with the FSC, FSA, FSCA and MISA, with the broker expected to meet a strict set of regulatory requirements set by each body. Such levels of oversight are welcome to traders in terms of reliability, but it’s important to conduct thorough research before choosing to trade with BDSwiss.
Security of Funds & Protection
In line with its commitments as a licensed and regulated broker, BDSwiss ensures that clients’ funds are held in segregated accounts, meaning they cannot be accessed by the broker, which also employs encryption and data protection technologies to meet its regulatory obligations. While these measures are designed to offer security, in reality they do not offer guaranteed security of funds. This is why it’s crucial for investors to be aware of the possible issues that may arise when trading on the BDSwiss platform.
The BDSwiss Trading Platforms
BDSwiss features the full suite of MetaTrader platforms, meaning that traders have the choice of both MT4 and MT5 across mobile and desktop devices. Also available is the broker’s own WebTrader and mobile app. However, despite generally being accessible and user-friendly, the BDSwiss platform is rather basic and lacking in depth of tools and customisation, which may come as a disappointment to more experienced, professional traders. Furthermore, the range of technical indicators on the mobile app is also somewhat limited in scope.
BDSwiss’ Trading Assets
BDSwiss presents traders with a total of five asset classes, including more than 250 CFDs on forex, stocks, indices, commodities, and cryptocurrencies. The broker offers traders access to more than 50 major, minor and exotic pairs, alongside the most popular cryptocurrencies, including Bitcoin, Ethereum and many other altcoins.
Trading Conditions at BDSwiss
Spreads & Commissions
BDSwiss has a transparent fee structure, with various fees and charges clearly set out on its website. The broker charges variable spreads on forex, cryptocurrencies, and commodity pairs, depending on the account type used. For indices and shares, there is a fixed commission fee, which again varies between the available account types. Prior to opening a trading account with BDSwiss, traders should pay close attention to the table of fees supplied by the broker.
Leverage
BDSwiss offers default leverage of up to 1;400 and dynamic leverage up to 1:2000 across each of its Classic, VIP and Zero-Spread account types. The broker states that a number of asset classes are excluded from dynamic leverage, specifically forex minors, forex exotics, indices, energies, shares and cryptocurrencies.
BDSwiss’ Customer Support
BDSwiss traders can contact a 24/5 multilingual customer support team via email and live chat, which can be accessed through a dedicated page on the broker’s website. However, there is currently no option to call the broker and speak with an agent, as there is no available phone support. This may come as a disappointment to traders wishing to explain complex or detailed account problems directly to a human support agent.
The FXTS Verdict: Is BDSwiss a Trusted Broker?
In conclusion, BDSwiss offers a broad selection of tradable assets and has a clear and transparent fee structure. It is relatively quick and easy to open an account and beginner traders may find the educational resources helpful when starting out on their trading journeys.
While traders can make use of BDSwiss’ proprietary WebTrader and trading app, there is a distinct lack of features available, with limited functionality in terms of technical tools. This makes it difficult to promote the BDSwiss platform to more experienced traders, who may decide to look elsewhere.
