Is BDSwiss a Scam? Read This Brutally Honest Review

They have great 24/5 customer support via live chat, phone, and email. BDSwiss is heavily-regulated by reputable regulators so your money should be safe on the broker. Banking is made easy as a result of its multiple deposit and withdrawal options.

  1. Here at TradersBest.com, we’re experts in the world of brokerages and trading.
  2. If you encounter issues with BDSwiss, you may not receive adequate help or recourse.
  3. Founded in 2012, BDSwiss is a Swiss-based brokerage firm that trades under the name of BDSwiss Holding Plc and boasts 1,043,859 accounts and volumes of 11,448,594,083 each month.
  4. Once your trades are opened, it’s possible to see an overviews of them in the ‘open positions’ area at the bottom of the page.
  5. Depositing funds with BDSwiss ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if BDSwiss were to go out of business unexpectedly.

BDSwiss Review – Is it a Scam or Legit Broker (

BDSwiss also offers Islamic accounts that are in compliance with Sharia law, ensuring a wide reach and inclusivity. Moreover, in our experience, BDSwiss is a strong challenger, providing a diverse https://forexhero.info/ range of financial products across many asset classes. Additionally, its tight regulatory structure and many jurisdictions create a safe trading environment that fosters confidence among traders.

Is BDSwiss Legit? – License & Security

BDSwiss minimum deposit is 10$ for Classic account, which is an attractive opportunity to many traders for a Classic account. Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits as well. More and more brokers are making the transition towards CFD, FX, and Cryptocurrencies and BDSwiss is one of those brokers.

BDSwiss Trading Accounts Offered

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

BDSwiss Withdrawal

As a result, the BDSwiss company is regulated and is able to work in the EEA. The platform offers a clean, user-friendly design and a number of advanced analysis tools, such as risk management and technical analysis tools. The WebTrader  platform offers almost all of what BDSwiss does, so you can get a full trading experience by only using your browser. The minimum deposit for a Classic account at BDSwiss is 100 USD, which is a good amount for some traders and rather high for others. BDSwiss does not impose any fees for credit card or e-wallet deposits (albeit this varies by entity laws). You can withdraw any profits made from your trades, or your entire account balance at any time of your choosing with BDSwiss.

You should be aware that you may lose a significant portion of your portfolio. The owner(s) of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner(s) of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions expressed on this website are purely the author. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated.

This is useful for getting used to the broker and the platform and having some educational value. However, it is important to remember that demo trading cannot replicate the psychological conditions of risking real money. BDSwiss offers a good balance with easy-to-use platforms, strong support, and a variety of trading options, making it a great choice for new and seasoned traders alike. Its low deposit requirement, clear pricing, and helpful learning resources make it user-friendly and accessible. However, keep in mind that BDSwiss might not offer every trading option available.

BDSwiss is safely and securely run from its headquarters in Zurich, Switzerland. Moreover, as we mentioned above in this BDSwiss Review, clients are subjected to a strict verification process and therefore no minors or clients in prohibited countries will be granted a full account. Aside from the small employee data breach in 2016, there have been no reported major security problems with BDSwiss. When it comes to design and aesthetics, BDSwiss follows a simple but effective design that’s typical of modern Switzerland.

The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Stocks, currency and other commodities and instruments will be brought or sold by BDSwiss even if no buyer or seller is lined up. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions. The BDSwiss phone support team proved to be helpful and able to resolve our queries and issues over the phone.

Moreover, the opportunity to trade in smaller lot sizes worth pennies considerably decreases financial risk, making it an appealing option for individuals beginning with a tiny investment. This broker stresses the security of its customers’ assets and data by using a multifaceted approach to safety. Furthermore, Client monies are housed in segregated accounts, keeping them distinct from the company’s operational cash. This broker is a financial services provider renowned for its comprehensive offerings.

If you are unsatisfied with BDSwiss or want to explore other options, we recommend checking out our carefully curated list of highly-rated BDSwiss alternatives. Follow the links below to learn more about these BDSwiss broker alternatives and choose the one that best suits your trading needs. We have spent over 5 years examining BDSwiss in depth.Although we found some very useful aspects of the BDSwiss platform that would be useful to some traders. In addition, we tested BDSwiss support services in various countries and languages and found that BDSwiss were able to effectively resolve our customer issues. Explore the BDSwiss platform and train yourself to think systematically and logically about the markets. Autochartist on the BDSwiss platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Included in these countries are the UK, Australia, New Zealand and Canada. However, BDSwiss does not accept clients from a handful of countries, including the US. Let’s start off with the big positives in this section of our BDSwiss Review 2024. Firstly, there are absolutely no deposit or withdrawal fees from the side of BDSwiss. Therefore, you can fund your account and withdraw your profits without giving any of your own money away to the broker. Secondly, we’ve noted in this BDSwiss Review that they are pretty transparent when it comes to their charges and fees.

After 90 days without trading or depositing, an account will become inactive and will be charged an Inactivity Fee of 10% of the account balance. The minimum amount charged will be 25 EUR (or equivalent in account balance currency) and the maximum will be 49.90 EUR (or equivalent). These are high fees in our opinion and we recommend reading their Terms And Conditions.

The difference between the trading account types, are the average spreads. The mobile app provides traders with full trading and transactions history, 24/7 cryptocurrency pairs trading, real-time quotes, interactive charts, in-built user tutorials, and live chat and support. In terms of trading fees, variable spreads and commissions charges are applied to spreads bdswiss forex broker review on crypto, forex and commodity pairs depending on the type of account you have. For indices and shares, a fixed commission charge is applied depending on your account type. You can find a full list of charges per account type on the BDSwiss website. Moving on to other fees, BDSwiss do charge overnight fees as well as a 10% monthly account inactivity fee.

Moreover, BDSwiss has some of the most competitive rates & conditions on the market. According to BDSwiss themselves, over $5.3 trillion is traded on the foreign exchange market. Once your account has been fully verified, you’ve used the demo account and/or completed the software training, you’ll be ready to fund your account.