All content on this website is intended for information and educational purposes only and should not be considered as an investment advice or investment recommendation.
10 min read
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Internet trading opened global financial markets to private traders. But individual investors cannot independently trade on exchanges. To do this, they need an intermediary broker who has the appropriate permits and licenses and provides access to financial and stock markets. Currently, there are hundreds of companies offering brokerage services, but not all of them are worth cooperation. We study dozens of brokerage platforms and review those that offer attractive trading conditions. And here is a BDSwiss review, a broker with a good reputation and a lot of trading opportunities.
About broker
About broker
BDSwiss is an international Forex broker, founded in 2012. The company belongs to BD Swiss Holding PLC and has a branch in Berlin, Germany. But the group itself operates from Zug, Switzerland. The broker is known to many traders as a Forex dealer. However, in 2013, it received a CySEC license and began to offer binary options to its clients.
This step gave impetus to company development. During the following years, the company started to offer its services worldwide, including Asia and South Africa. Nowadays, BDSwiss forex broker accepts traders from 186 countries and runs 10 regional offices. In 2020, its client base exceeded 1.5 million traders. And an average monthly trading volume has reached $84 billion. BDSwiss offers more than 1000 trading tools on currencies, securities, commodities, indices, and digital assets.
This step gave impetus to company development. During the following years, the company started to offer its services worldwide, including Asia and South Africa. Nowadays, BDSwiss forex broker accepts traders from 186 countries and runs 10 regional offices. In 2020, its client base exceeded 1.5 million traders. And an average monthly trading volume has reached $84 billion. BDSwiss offers more than 1000 trading tools on currencies, securities, commodities, indices, and digital assets.
FinMax has only one certificate issued by the International Financial Markets Regulation Center (IFMRRC). This regulator monitors the activities of brokers and dealing centers.
Trading conditions
Trading conditions
Software - SpotOption
Profitability - up to 85%
Minimum deposit - $100
Account currency - USD, EUR, GBP
Maximum trade - $1500
Maximum trade - $1500
Demo account - Yes
Types of options - 60 seconds, Call/Put, Ladder, Long-term, One touch
Expiration time - 30 sec/ 0 sec/5 min/15 min/30 min/1 h
Tradable assets - currencies, stocks, indices, commodities, crypto
Compensation for losses - up to 10%
Payment methods – bank cards, bank transfer, electronic payment systems
Terms of withdrawal of funds - 2-3 days
Trading Platform - MT4 for Web, MT4 for Windows, BDSwiss App for iOS, BDSwiss App for Android, MT4 for Mac
Licenses
Licenses
BDSwiss trademark has been registered in Cyprus according to its legislation. The broker is licensed by CySEC which approves its financial and trade services. All companies registered in Cyprus have to adhere to the European MiFID and MiFID II directives.
The main goal of these documents is to ensure financial intermediaries provide a safe trading environment for every trader involved. Thus, BDSwiss can be fully trusted in view of honesty and transparency.
The main goal of these documents is to ensure financial intermediaries provide a safe trading environment for every trader involved. Thus, BDSwiss can be fully trusted in view of honesty and transparency.
The full list of broker’s licenses looks as follows:
- NFA. The company is approved by the US National Futures Association.
- CySEC. BDSwiss received this license in 2013. The registration data shows the old address of the broker in Cyprus Limassol: Apostolou Andrea Street, 11, Hyper Tower, 5th Floor, 4007 Mesa Geitonia.
- FSC Mauritius. Here it was registered as BDS Markets in 2016.
- BaFin. The German regulator has registered BDSwiss under the BDSwiss GmbH brand. This information can be confirmed on the CySEC website, where BDSwiss GmbH is referred to as a related agent.
Getting started
Getting started
It is not difficult to become a client of BDSwiss. You need to visit the official website of the broker, click the "Register" button on the main page and fill out a short form. The company also allows an easier way to enter the site through social networks like Facebook or Google. To do this, you just need to enter your account username and password.
It is highly advisable to enter real data while registering. If you are seriously intended to start a trader career, you will not avoid a verification procedure. To successfully pass it, you need to provide a copy of your ID document and prove your residential address by providing a scan of the invoice for utility bills to the broker.
It is highly advisable to enter real data while registering. If you are seriously intended to start a trader career, you will not avoid a verification procedure. To successfully pass it, you need to provide a copy of your ID document and prove your residential address by providing a scan of the invoice for utility bills to the broker.
After verification, you can fully use the platform, including the fund withdrawal function.
Account
Now, BD Swiss offers three main account types: Classic, Vip (or Black) and Raw, aimed to meet the needs of all platform users.
When opening a trading account, select the currency - euro, US dollar or British pound. It may save your costs, as it means that you will not be charged additional commissions for currency conversion.
BDSwiss demo account
BDSwiss demo account
You can test your skills on a free demo account. It is free to use after the registration. BDSwiss demo is a virtual money account that simulates real money trading. It will show beginners how forex trading looks, and professional traders can use it for creation of new strategies or even testing unknown assets. It is advisable that every new trader uses a demo account before investing real money.
The demo account is capitalized with $10,000 and offers plenty of tools to test the platform.
The demo account is capitalized with $10,000 and offers plenty of tools to test the platform.
Types of options
Types of options
On the BDSwiss platform, you can trade 6 types of options. These include:
- Binary. These are classic contracts Higher/Lower with a fixed profit and loss. You need to determine where the price will move in order to receive the payment. The yield is up to 85%.
- Pairs. These transactions mean trading two assets at once. It is necessary to determine which instrument will rise in price and which one will fall in price within the specified time. Profitability is up to 85%.
- Long-term. These are classic options Above/Below but with a long expiration date. It can be from 7 days to a year. Profitability is up to 85%.
- 60 seconds. It is another type of classic Higher/Lower orders but with a shorter expiration time - from 1 to 5 minutes. Profitability is up to 85%.
- One touch. It is a contract where the trader needs to determine whether the price will reach a set level during the expiration or not. Profit is over 90%.
- Ladder. It is an option where levels are preset. It is necessary to determine if the price will affect them. The yield can be over 100%.
The offer is really wide, everyone can choose a suitable option type and trade successfully. However, beginners should not use high-yield contracts at first, since the risk of losing funds is too high. It will be extremely difficult to close the deal with profit if you do not have experience in asset price forecasting.
Platforms
Platforms
The software solution of the BDSwiss broker includes the popular MetaTrader 4 platform, which provides comprehensive trading functions and a wide range of instruments. Traders can also use MT5 – it is an advanced version of BDSwiss metatrader 4. You can also use broker’s proprietary platform WebTrader and a mobile app.
Here are distinctive features of all terminals.
Here are distinctive features of all terminals.
MT4 is the most popular trading platform used by beginners and professional traders thanks to the following advantages:
- Customizable and easy to use interface
- Regularly updates news feeds
- Installed and ready-to-use analytical tools
- The ability to apply analytical studies
- Various charting and analysis options available
- Multilingual support.
MT5 is a more advanced platform as it has a number of additional features that are unique to this platform that MT4 does not, for example:
Open MT5
- Extensive selections of timeframes and charting options
- More than 250 CFDs across different assets are supported
- The trader has access to his account and history
- Daily account reports
- Internal mailing system
- Automated trading with advisors
- 100 graphs can be displayed simultaneously
- More than 80 technical indicators and more than 40 analytical objects
- MQL5 development environment.
Open MT5
Para utilizar a Webtrader da corretora, não é preciso realizar qualquer tipo de download extra. Já que a plataforma está sincronizada com versões como a MT4. Várias funcionalidades podem ser desbravadas, de maneira simples, mas com alto desempenhoIt is a proprietary terminal of the broker. It offers the following options:
Open Web Trader
- Intuitive application window
- Available in 20+ different languages
- The interface is intuitive
- Trade is safe and transparent on any device
- Full synchronization with BDSwiss app and MetaTrader4
- Fast execution of orders, without re-quotes, etc.
Open Web Trader
The BDSwiss mobile app has the following features:
- Real time quotes
- Interactive charts
- Clean and user-friendly interface
- Full history of trade and transactions
- The ability to deposit and withdraw funds
- Account created along with KYC (Know Your Customer) verification
- Trade cryptocurrency pairs 24 hours a day, 7 days a week.
The proprietary BDSwiss WebTrader is completely web based, so you don't need any BDSwiss download or installation, you can access your trading directly from your browser. The platform has a user-friendly interface and quite powerful analysis functions, including technical analysis and risk management tools.
Сustomer support
According to BDSwiss reviews, the technical support is highly scored by platform users. Since the broker is international, customer service is available in many languages. Once you come across some issue while trading on the terminal, you can reach a technical specialist via one of the following ways:
- online chat;
- phone: +44 2036705890;
- feedback form;
- email: support@bdswiss.com.
If you want to contact the technical team by phone, there are several lines for different countries. The details can be found on the site. The broker's operators work 24 hours on weekdays. You can also find BDSwiss on many social networks.
BDSwiss also offers Negative Balance Protection (NBP) as part of the Client Agreement, therefore, in the event of a negative balance in the Client's Trading Account due to Stop Out, the Company will make an appropriate adjustment to the full negative amount so that the Client does not incur losses in accordance with their Negative Policy balance.
BDSwiss also offers Negative Balance Protection (NBP) as part of the Client Agreement, therefore, in the event of a negative balance in the Client's Trading Account due to Stop Out, the Company will make an appropriate adjustment to the full negative amount so that the Client does not incur losses in accordance with their Negative Policy balance.
Deposits and withdrawals
The broker states it provides 151 ways to deposit funds on your account.
Still, most users prefer traditional channels:
- bank transfers
- bank cards
- Skrill
- Neteller
- various electronic wallets
The complete list of available channels depends on the country of residence of the trader. The list can be seen through your BDSwiss personal account, after entering the "My accounts" tab and clicking on the "Top up" button.
The broker declares that, in principle, it does not set limits for deposits and withdrawals. It sounds impressive, but there are nuances:
Each payment method has its own limits.
Each payment method has its own limits.
- You can deposit even one cent, but it is difficult to conclude transactions with an amount of less than $ 10 on your account
- All withdrawals actually have a commission fee. Any withdrawal of less than EUR 100 is accompanied by a flat fee of $ 10
- If you want to withdraw money to your bank account, the minimum sum is $ 50 and the obligatory commission is $ 10
These fees are significantly higher than on many similar sites.
Educational materials
On the site, you will find a separate section called Trading Academy. It contains many useful materials. Beginners can read tutorials, access the glossary, and master the basics of technical and fundamental analysis. Experienced market participants will be interested in strategies, market reviews.
The company holds conferences and webinars on a regular basis. Each trader can ask a question to a leading analyst, ask him to develop tactics, and so on. Access to training materials is open to any registered trader, regardless of your trading account.
The company holds conferences and webinars on a regular basis. Each trader can ask a question to a leading analyst, ask him to develop tactics, and so on. Access to training materials is open to any registered trader, regardless of your trading account.
How to Place your First Trade with BDSwiss
Affiliate program
BDSwiss forex broker allows you to earn without trading. Thus, not only traders earn, but also those who have nothing to do with trading. Webmasters, affiliate marketers, and even skilled managers - everyone who knows how to generate traffic earns on affiliate programs from brokers. The income of such partners is very attractive. Therefore, if you have targeted traffic, then you can convert it into money together with BDSwiss..
Summary
- International regulated broker
- Affordable starting deposit
- CFD on cryptocurrencies
- A good selection of various trading instruments
- Tools for deep research and analysis
- Withdrawals fees and restrictions
- Administration fee for inactive account
- Customer support is off over weekend
- International regulated broker
- Affordable starting deposit
- CFD on cryptocurrencies
- A good selection of various trading instruments
- Tools for deep research and analysis
- Withdrawals fees and restrictions
- Administration fee for inactive account
- Customer support is off over weekend
BDSwiss is a reliable international company that has grown its client base to over a million customers thanks to its stable working conditions and global presence. During its work, BDSwiss managed to create a powerful multifunctional platform for trading binary options. It can rightfully be called a modern broker, suitable for successful trading. The minimum deposit is $100, but as the platform is fully regulated, it is worth giving it a try. You always learn more about the platform by opening a demo account before taking a decision to risk your own funds.
GENERAL RISK WARNING:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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