We recommend you trade with a regulated broker.Any payments funded to BDSwiss accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a banks financial health and strength. The BDSwiss advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage.
- You can start using the MetaTrader 4 platform with BDSwiss in multiple formats including through an online web platform, Through a downloadable application for Windows PC’s and Apple Macintosh computers.
- BDSwiss less customer support features compared to other brokers like live chat, phone and email support.
- There are also multiple reports on more damaging types of behavior, but those are much less common.
- An in-depth course is provided with video lessons plus tests and is conducted by an experience Forex/CFD trader.
- In this section of our BDSwiss Review 2021, we can confirm that this brokerage is a fully licensed and regulated CYSEC broker.
- The BDSwiss platform is designed to be reliable and user-friendly, which means there is likely to be less need for around the clock assistance.
First of all, the BDSwiss website is run from inside Switzerland, however, you are given the option to access the EU website as well. The desktop website offers you the MT4 trading platform or the WebTrader, with full training available for both. There are higher spec trading platforms for higher account holders who require a larger trading volume.
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BDSwiss touts proven strategies in its Telegram channel, accessible only to VIP and Raw account holders. BDSwiss also provides a full history of the Success Rate of its Trading Alerts service.
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. 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.
BDSWISS Group was launched in 1994 to provide leading forex and CFD investment services for more than 1 million clients worldwide. Headquartered in Switzerland, and has set up several branches in the United States, Cyprus, Mauritius, Seychelles, etc.
We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. It is very hard to manage risk without negative balance protection. That´s why I do not trade bigger amount of money on BD Swiss accounts. Should your account be inactive for more than 90 days then an inactivity fee between $25 – $50 is applied every month until the account balance reaches zero. In addition to this, BDSwiss accounts are subject to swaps and rollover fees in case they are left open overnight or over a weekend.
These checks are standard practice and help BDSwiss provide a safe financial environment for their 10,000 users. Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.
The content is high-quality and provided by BDSwiss’ research and trading team who have been featured in world-leading publications. The BDSwiss mobile trading app is covered in more detail in the video review. Clients can deposit and withdraw funds through the client portal under the ‘Payments’ section. All deposits are processed immediately except BDSwiss Forex Broker Review bank wire which can take between 1- 4 days and withdrawals are processed within 24 hours. This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.
We hope you found our review of the BDSwiss brokerage firm useful. Withdrawing money from BDSwiss processing time varies but averages 2-5 days. We have covered allot in this BDSwiss review, If you want to see how BDSwiss compares side by side with other brokers check out our BDSwiss Vs pages. This means BDSwiss fall under regulation from a jurisdiction that eur can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes. The BDSwiss phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual BDSwiss team by calling in varying languages. BDSwiss made an effort to make sure our queries were answered.
Bdswiss Trading Platform
We were happy to see during our BDSwiss review that asset selection at BDSwiss is ample but largely dependent on the asset sector chosen. The Forex market represents the most adequately covered sector with 51 currency pairs. Seven commodity CFDs provide traders with an introduction into this asset class.
The only significant drawback against this broker was the lack of investment programs. After all, copying trades and watching experienced traders make decisions would be helpful to me. The BDSwiss broker is suitable for users of all levels of Forex trading experience and is focused on cooperating with active traders. The BDSwiss WebTrader does not require downloading and it is forex analytics fully synchronised to the downloadable versions of MT4, allowing for live price monitoring via an advanced market watch. Translated in more than 24 languages, the BDSwiss’ WebTrader is designed to accommodate the needs of traders around the globe. For all other withdrawals amounting to 20 EUR or less, BDSwiss reserves the right to charge a fixed withdrawal fee of 10 EUR .
BDSwiss charges zero commission and trading fees on most trades and instead the broker levies the fees within the spreads. BDSwiss do not charge withdrawal fees except for bank wires for withdrawals that are below $100. We noticed that withdrawals at BDSwiss are processed quite fast. The minimum deposit at BDSwiss is $200 and for accounts that have been inactive for over three months, an inactivity fee will be charge between $25-$50 depending on the account’s balance. BDSWISS TRADER MT4 is the perfect equipment for traders who wish to enter the financial market. The platform provides all the necessary tools and resources to analyze the price trends of financial products. And it also can conduct and edit transactions, and create & use automated trading programs .
The user gets access to round-the-clock support, daily analysis, free webinars. Basic access to Autochartist and trend analysis tools, plus limited trading alerts. BDSwiss offers clients the ability to deposit and withdraw funds using a variety of methods including debit/credit card, bank wire, Skrill, Neteller, PayPal and more. Deposits are fee-free but any withdrawal amount of 20 EUR or less will incur a charge of 10 EUR. The broker provides 24/5 market news coverage through daily and weekly reviews as well as quarterly outlooks, video briefs and special reports. There are a series of free live trading and educational webinars being offered on the daily in more than 5 languages. Education is where BDSwiss has clearly invested time and effort; they have created an outstanding introduction to trading for new clients to consider.
EAs represent perhaps the most popular feature of the MT4 suite. Through these automated traders, one can effectively eliminate the toil from the trading equation.
BDSwiss has the ability to get deposits and withdrawals processed within 2 to 3 days. BDSwiss has a reasonable sized customer support of at least 10. Although we found some very useful aspects of the BDSwiss platform that would be useful to some traders.
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So, the broker scores a plus there, but plummets a bit when its live accounts are concerned. Overall, we found BDSwiss to be a strong and reliable brokerage, albeit without any thrills or exciting extras to report on. The positives are the payment processing times and lack forex of fees. Meanwhile, the negatives include the high account inactivity fees. Having started in 2012, BDSwiss hasn’t been able to grow its client base to over 1 million users by accident. The platform itself is easy to use and the margins on offer will suit most traders.
Binary options trading is certainly not immune to this problem. Before you can trade, you will need to verify your identity in addition to taking an Appropriateness Test.
For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line. When it comes to withdrawals, BDSwiss aims to process all withdrawals within a 24 hour period, but they cannot guarantee how long it will take for the funds to reach your account. The minimum deposit and withdrawal amount is set at $100 or equivalent.
For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free. Compared to its competitors, BDSwiss offers low trading fees from 0.8 pips. There is no deposit, currency conversion, or withdrawal fee; only an inactivity fee is charged.
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Thanks for taking the time to rate and share your BDSwiss Experience today. I asked so many question to Marinos and he was very helpful and professional with all his answers. I’m hoping for even better experience once I start trading with them. 🤩 We are happy to hear that Ardit assisted you with your query promptly. We appreciate you for taking the time to rate and share your BDSwiss Experience.