BDSwiss was established in 2012, and swiftly embarked on what is seen as a remarkable growth trajectory. While this broker describes itself as part of a worldwide operating group with holdings in Switzerland, the primary regulator appears to be the Cyprus Securities and Exchange Commission (CySEC). BDSwiss is also regulated by the Financial Services Commission of Mauritius which allows the broker to offer non-EU residents more flexible leverage options. The broker is home to over 1.3 million accounts, over 30 billion in average monthly Forex volume (as of 2019 figures). Forex and commodity trading remains commission-free. Commodities, indices, and equity CFDs are acceptably priced.
Regulation and Security on BDSwiss
From the About section on the company’s global website, it appears that the name BDSwiss was intended as an homage to the country (Switzerland) of one of the founding members. The EU website indicates that BDSwiss currently has holdings in Zug, Switzerland. As regards BDSwiss regulators, the primary regulator appears to be the Cyprus Securities and Exchange Commission (CySEC). The broker is fully compliant with the EU’s Financial Instruments Directive 2014/65/EU or MiFID II and the EU’s 5th Anti-Money Laundering Directive. Client deposits are protected under the Investor Compensation Fund (CIF), per EU Directive 2014/49/EU, up to a maximum of €20,000. Cross-border regulation across EU member countries applies.
BDSwiss LLC, is registered with the US National Futures Association. BDS Markets holds an Investment Dealer license issued by the Financial Services Commission of Mauritius. BDSwiss GmbH is a Tied Agent registered in Germany. The overall regulatory environment for BDSwiss is satisfactory.
BDSwiss indicates that its worldwide operating group has holdings in Switzerland.
Four regulatory jurisdictions create the framework under which this broker operates.
The primary regulatory agency is the Cyprus Securities and Exchange Commission.
While a combination of spreads and commissions accounts for the bulk of fees, BDSwiss also provides a premium Raw Account with spreads starting from 0 pips and commissions set at $5 per traded lot. The classic account carries an averagespread of 1.5 pips, an unacceptable mark-up relative to the industry. A reduction to an average of 1.1 pips in the VIP account is combined with up to 40% lower commissions on all indices and shares. Forex, cryptocurrencies, and commodities are commission-free. This broker deploys a reasonable fee structure for index CFDs at $2 per lot, and a 0.15% charge per share applies to equity CFDs.
The broker’s most competitive offer is a unique approach across the brokerage industry, consisting of a competitive Raw account which can be accessed for a $5000 account balance. Commissions per traded lot are set at $5. Swap rates on overnight leveraged positions apply. Corporate actions such as dividends and mergers will impact equity and index CFDs (though BDSwiss does not openly outline how corporate actions are processed). An inactivity fee of 10% of the account balance (which will range from €25 to €49.90 or account currency equivalent) will be charged after 90 days.
The EUR/USD carries an average spread of 0.3 pips in the Raw account.
Normally the minimum deposit required for you to start live trading is 100$, which is an attractive opportunity to many traders as a start with a Classic account. The pleasant moment is that BDSwiss does not charge any fees on credit card/electronic wallet deposits as well, yet may vary from rules to another.
BDSwiss arranges withdrawal quite democratically too, while the minimum withdrawal amount is $100, while in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$.
One of the other great points we should admit is Customer Support. BDSwiss multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level.
As noted, when you initially access the BDSwiss website, you are advised of the fact that the site is operated out of Switzerland, even though the business is licensed in the EU. You need to make a decision on whether to cancel and be redirected to the European trading platform, or continue on to the Swiss site. This decision is also confirmation that you have not been under any form of compulsion and are visiting BDSwiss under your own initiative. We’ll be taking a look at the difference between the two trading sites in more detail below.
Both BDSwiss sites default to English language, however, international clients can opt to use the sites in a variety of different languages to suit preferences. It takes less than one minute to register for an account on the platform, so you can be up and trading virtually immediately.
There is not a lot of difference between the layouts of the two BDSwiss sites, although it can be noted immediately that the European site does not offer a Wealth Management option. It’s easy to navigate around both websites and, if you’re new to trading, you can access the Trading Academy on main BDSwiss site and also on the European site. If you do open a Demo trading account with BDSwiss you need to speak direct to an adviser in order for €10,000 demo trading funds to be added.
You can trade CFDs or forex with BDSwiss and it’s an easy matter to place a trade on both these websites. The site offers MetaTrader (MT4) trading and there is complete training available, or you can opt to trade using the BDSwiss WebTrader platform, if preferred. As you explore their website you will note they offer regular trader webinars, video courses and lots of educational resources geared to traders at all levels. On site quizzes are an added feature of both these sites, and these are great for testing your trading knowledge and confirming you’re ready to start live trading.
Assets / Markets
You can trade a variety of asset classes at BDSwiss, including Forex, commodities, indices, shares and cryptocurrencies. If you’re looking to trade the forex markets, you can choose from all major currency pair CFDs, most of the minor currencies and a number of what BDSwiss term “exotic pairs”. There are over 50 currency pairings to choose from. The platform offers more than five commodity CFDs, including gold, natural gas and oil. Over 140 equity pairs are available, from four of the most popular international stock exchanges. A variety of indices and cryptocurrencies pairings are also available.
The list of available assets is on the increase with BDSwiss, and you can check out the entire range of asset classes after registration. A very simple example of forex currency trading would be if you opt for a EUR/USD pair, which is one of the major currency pairings. If you are quoted a price of 1.10 for a EUR/USD pair this would mean you buy 1.10 US dollars for 1 euro.
If the price should then change to 1.20, then this is an indicator that the dollar has become weaker against the euro. If you’d taken a buy position on euros against the US dollar then you would stand to profit from the trade. The goal of any forex trading is to anticipate currency increases or drops in order to profit from sales or purchases. You can find out more about trading forex and CFDs on our website.
Spreads and Commission
Forex pairs and indices are listed by spread on financial marketplaces. The spread refers to the difference between the bid price (which is what you pay for the asset) and the ask price (which is what you achieve when you sell). Different assets have differing spread values, which are assessed by pip values. You won’t pay trading fees or commissions on most trades with BDSwiss, instead the trading fees are levied within spreads. Spreads change throughout the day and this is dependent on market conditions and volatility.
Small commissions (0.1%) are charged for stock CFD trades and also when you roll a trade over to the following day. Different account types offer varying average spreads. These are Basic, RAW and Black accounts, with the RAW spread account being the most popular at BDSwiss, even though commission charges do apply.
BDSwiss offers users the ability to trade on the globally recognised MetaTrader 4 and MetaTrader 4 mobile trading app for Android and iOS users. With these apps users can:
- Trade directly from their phone
- View real-time prices of multiple asset classes
- Access technical trading indicators
- Receive news
The broker also offers users its own BDSwiss Mobile App for Android and iOS users, as shown below:
This allows users to access real-time quotes, interactive charts and 24/7 cryptocurrency trading, as shown below:
Trading conditions provided by the company are suitable for those who do not want to invest large amounts in trading as well as those who are ready to trade with large sums of money. The minimum deposit amount is $100, while the minimum investment amount is $5; trading accounts can be opened in USD, EUR or GBP.
In case of a correct prediction of the price movement, the trader receives 65-85% profit per deal. For most underlying assets, the quotes are generated based on the formula (bid + ask)/2, which is why we advise to check if a third-party signal or indicator service employs a similar pricing principle in case you are using one to improve your trading results.
The broker’s platform provides over 170 assets from four major categories: currency pairs, shares, commodities and indices. Such diversity opens up new horizons for traders, allowing you to try your hand in new markets and make more profit in trading. In the Assets section on the company’s website, you can find the open/close hours for the various available assets.
It is worth mentioning that of the platform also offers more exotic assets, such as USD/ZAR, USD/SGD, USD/RUB, USD/BRL, or USD/TRY providing an opportunity to diversify your trading strategies by participating in less competitive markets.
Unique Features of Trading with BD Swiss
The distinguishing features listed by BD Swiss on its website are as follows:
- Founded in 2012 and headquartered in Limassol, Cyprus, with an additional presence in Frankfurt, Germany;
- Regulated by CySEC, and licensed to do business in all EU countries;
- Client deposits are segregated from operating capital in separate bank accounts;
- The Cypriot Investment Compensation Fund provides additional coverage of up to €20,000.00 per individual account;
- Firm offers traditional trading of Forex and CFDs under one corporate roof;
FX System Set Up:
- MetaTrader4 series of trading platforms;
- Forex pairs and CFD trading;
- Tight spreads as low as 1.2 pips (vary by asset type);
- Leverage for forex pairs up to 400:1 (vary by asset type);
- Over 130 assets: Forex pairs (83), Indices (23); Commodities (18); and Treasuries (7);
Extensive Education Center includes a variety of materials on several topics, both basic and advanced, including webinars, seminars, and training guides;
Customer support available via live chat, email, or phone.