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5.3

BDSwiss Review 2024: Is BDSwiss A Trusted Broker?

(3 customer reviews)
5.3/10 (Expert Score)
Product is rated as #26
Trust
6.5
Fees
2
Platforms and Tools
7.5
Customer Support
5
Tradeable Instruments
5
Account Types and Terms
6.5
Deposit and Withdrawals
5
Research and Education
4.5
BDSwiss
5.3
Expert Score
#26 rated Forex Brokers
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ZFX
7.6
Expert Score
#3 rated Forex Brokers
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BDSwiss Overviews


BDSwiss is an online trading platform that provides access to many financial markets, including forex, commodities, stocks, and indices. The company is headquartered in Switzerland and has several offices across Europe and was founded in 2012. There are many features and services that this broker offers and this review covers everything traders will need to know about them.

BDSwiss Review 2024: Is BDSwiss A Trusted Broker?

BDSwiss is a financial services company that was founded in 2012. It is a well-known online trading platform that provides access to various financial markets, including forex, commodities, stocks, and indices. The company is headquartered in Switzerland and has several offices across Europe.

BDSwiss is a regulated broker, which means that it is licensed and authorized to provide trading services to customers in various regions. The Financial Services Authority of Seychelles regulates this broker. Then it is said the Swiss Financial Market Supervisory Authority (FINMA) and the Cyprus Securities and Exchange Commission (CySEC) also regulate the company.

BDSwiss is popular among traders for its user-friendly platform (MetaTrader and its proprietary web terminal), competitive trading conditions, and reliable customer support. The platform is available in several languages, including English, German, Spanish, Italian, and French, which makes it accessible to traders from different regions.

The company offers several trading account types, including a Classic account, a Premium account, a raw account, and a VIP account, which cater to the needs of different types of traders. The platform also offers a wide range of trading tools and features, such as automated trading, technical analysis, and market news updates, which can help traders make informed trading decisions.

Overall, BDSwiss is a reputable financial services company that has gained popularity among traders worldwide. Its commitment to providing a safe and reliable trading environment, advanced trading tools, and competitive trading conditions make it a popular choice for both beginner and experienced traders. Let’s see if this broker will suit you and your situation.

Broker Feature Overview
Type of Broker Forex CFD broker
Regulation & Licensing FSA, (CySEC*, FINMA*)
Applicable Countries Allowed To Trade Not specified
Assets Offered Forex, stocks, commodities, indices, crypto
Platforms Available MetaTrader 5 (Windows, macOS, and Android), MetaTrader 4 (Windows, macOS, and Android), Mobile trading app, Web Terminal
Mobile Compatibility Yes
Payment & Withdrawal Options

 

 Skrill, Debit and credit card, PayPal, Bank wire, Online banking,  DotPay, Neteller, iDeal, EPS, Sofort

Facts About BDSwiss
  • Offer MetaTrader 5 and 5
  • The mobile trading app is award-winning
  • There is a proprietary web terminal
  • Opening an account is quick
  • European and Swiss regulatory platforms
  • Regulated by the FSA
  • Been in operation since 2012
  • Four account types to choose from

Pros and Cons


PROS
  • Offer MetaTrader 5 and 5
  • The mobile trading app is award-winning
  • There is a proprietary web terminal
  • Opening an account is quick
  • European and Swiss regulatory platforms
  • Regulated by the FSA
  • Been in operation since 2012
  • Four account types to choose from
CONS
  • Islamic account only applies to two account types
  • Support is 24/5
  • Demo account is locked behind a live account
  • Trading resources and education is limited

Is BDSwiss Safe? Broker Regulations


You will find this broker’s regulatory information by heading to the BDSwiss website and scrolling down to the footer. BDSwiss has information saying that the FSA regulates them, and they even give their license number along with the company’s address registered in Seychelles in the footer section.

  • Domain usage rights belong to BDS Ltd. BDS Ltd (Registration No. 8424660-1) and are authorized and regulated by the Financial Services Authority (the “FSA,” license no. SD047).
  • Registered address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.

 

BDSwiss Regulations statement

 

Having awards is another way to determine if a broker is “safe,” BDSwiss has a banner dedicated to their awards on their home page and a dedicated page.

It should be noted that this is the only information that is given about the regulations concerning this broker. However, this is not a bad thing. Many top-tier brokers only specify their regulatory authority in their website footer, which is sometimes enough. This is especially true as the license number and broker’s physical address is given as well. Not even searching through the help and support center (FAQs) brings up additional information on this broker’s regulations.

 

BDSwiss Awards images

 

Heading to their awards page, you will notice that this broker has received awards for various services and features dating back to 2018.

Lastly, it is always a good idea to check out real customer reviews from a broker, and you can do this by searching for them on Trustpilot, which is a recommended customer review site. In the case of this broker, there are almost 2,000 reviews giving them 4.8 out of 5 stars.

  • Financial Services Authority of Seychelles (FSA)

What Can I Trade with BDSwiss?


BDSwiss has an assets list that contains more than 250 instruments on forex, shares, commodities, indices, and crypto. You can see this on their home page and by the “trading” dropdown menu.

 

BDSwiss Tradable Assets

 

Forex

Heading to the forex page for this broker, you will find basic conditions based on the account types that they offer (which we will discuss later). This broker offers a wide range of currency pairs, including major, minor, and exotics, which is common with CFD brokers. Here are some conditions regarding forex for this broker that they list;

  • Averages Spreads are based on previous trading day values
  • Zero Margin requirements for opening a hedged position provided the free margin is positive (Margin Level > 100%)
  • Swaps are charged Triple on Wednesdays
  • The company reserves the right to amend the swap values of a specific client in case of any suspicion of trading abuse
  • Swap charges may change at any given time

 

Commodities

In terms of commodities, this broker offers gold, oil, and silver to trade across all account types, and these are the conditions;

  • Averages Spreads are based on previous trading day values
  • Zero Margin requirements for opening a hedged position provided the free margin is positive (Margin Level > 100%)
  • Swaps are charged Triple on Wednesdays
  • The company reserves the right to amend the swap values of a specific client in case of any suspicion of trading abuse
  • Swap charges may change at any given time

 

BDSwiss Commodities List

 

Shares

BDSwiss has shares from companies that cover the US, UK, France, Germany, Netherlands, Spain, and Switzerland. This means you can expect to find the most popular companies to trade from these regions. Once again, trading conditions are given for each instrument along with other conditions;

  • Averages Spreads are based on previous trading day values
  • Zero Margin requirements for opening a hedged position provided the free margin is positive (Margin Level > 100%)
  • Swaps are charged Triple on Wednesdays
  • The company reserves the right to amend the swap values of a specific client in case of any suspicion of trading abuse
  • Swap charges may change at any given time

 

BDSwiss Shares List

 

Indices

Only the Classic and Vip account types are able to trade indices with this broker, and there are 11 to choose from, which make up a majority of the most important or, rather, most popular indices. The trading conditions for Indices are the same as the other assets from this broker;

  • Averages Spreads are based on previous trading day values
  • Zero Margin requirements for opening a hedged position provided the free margin is positive (Margin Level > 100%)
  • Swaps are charged Triple on Wednesdays
  • The company reserves the right to amend the swap values of a specific client in case of any suspicion of trading abuse
  • Swap charges may change at any given time

Crypto

Lastly, BDSwiss offers 26 cryptocurrencies to trade as CFDs, and the trading conditions mimic the previous assets in terms of swap and margin requirements. Here you will find that this broker, again, includes all the most popular coins.

It should be noted that the conditions for each instrument across the varying assets list are different from one another in terms of average spreads, point value per lot, and units per lot. So, we suggest visiting these pages if you are curious about specific instruments.

  • Cryptocurrency
  • Stocks (Shares)
  • Forex
  • Commodities
  • Indices

How to Trade with BDSwiss?


There are four ways to trade with BDSwiss: through MT4, MT5, their mobile app, and their proprietary web terminal. We have gone through MetaTrader many times throughout our reviews and other informational articles, so we will not be covering these again. Suffice it to say that MetaTrader is considered the industry standard when it comes to trading software.

This broker has a page dedicated to comparing MT4 and MT5, and we suggest you look that over if you still don’t know what the differences are. It should also be noted that this broker has options for MetaTrader on all platforms, including Windows, Mac, and Android.

 

BDSwiss MT4 Vs MT5 comparison

 

This broker then has a mobile app that has received a few awards and which can be found on the Apple or Play store via links from the dedicated page. The app is pretty much like other mobile trading apps that let you trade anywhere, anytime, and has features such as;

  • Real-time Quotes
  • Interactive Charts
  • Clean, User-Friendly Interface
  • Full Trading and Transactions History
  • Deposit and Withdraw Functionalities
  • Account set and KYC Verification
  • 24/7 Cryptocurrency Pairs Trading

 

BDSwiss Mobile app image and details

 

Lastly is their proprietary web terminal. This software is developed in-house and specifically geared toward beginner traders, as it mimics their mobile app to a degree. If you are looking for more versatility, functions, and features then you will be better off sticking to MetaTrader. The web terminal’s features include the following;

  • Intuitive Order Window
  • Available in 20+ Languages
  • Clean and User-Friendly Interface
  • Exclusive Trends Analysis Tool
  • Fully synced with the BDSwiss App and MT4
  • Cutting-edge Charting, Indicators, and Analysis
  • No download – Cross Browser Compatibility
  • Ultra-fast Order Execution, no Requotes

 

BDSwiss Web Terminal image and details

 

Feature (Platform) (Mobile Platform)
One-Click or One-Tap Trading Yes Yes
Trade Straight off  Charts Yes Yes
Email Alerts or Push Notifications Yes Yes
Mobile Alerts Yes Yes
Stop Order Yes No
Market Order Yes Yes
Trailing Stop Order Yes No
OCO Orders (One-Cancels-The-Other) Yes No
Limit Order Yes No
24hr trading Yes Yes
Charting Package Yes No
Streaming News Feed Yes No

  • MetaTrader 5 (Windows, macOS, and Android)
  • MetaTrader 4 (Windows, macOS, and Android)
  • Mobile trading app
  • Web Terminal

How Can I Open BDSwiss Account? A Simple Tutorial


To register with this broker, you will first need to head to their “global” site which is on a subdomain of “bdswiss.com.”. Once you are on the site, you must click the “sign up” button in the header on the right side next to the “log in” button.

 

BDSwiss Sign Up 1

 

You will then be redirected to the registration page, where this broker states that the sign-up process will take less than 1 minute. On this page, you will need to fill in some personal information such as name, last name, country of residence, phone number, date of birth, Email, and password. You will also need to select what platform you will be using (MT4 or MT5).

 

BDSwiss Sign Up 2

 

After you have filled in your details and accepted the terms of service, your registration will be done, and clicking on the “accept” button will then take you to your client area (dashboard).

 

BDSwiss Sign Up 3

 

It will help to remember that although your registration is complete, you will need to go through the verification process if you intend to deposit and withdraw funds when using your live account. You can head to the verification page by clicking on the link located under your account name in the top left.

 

BDSwiss Sign Up 4

 

  • Head to the global BDSwiss website
  • Click on the blue "sign up" button located at the top
  • Fill in all the necessary information on the registration page
  • Accept the terms of the services
  • Log into your client area
  • Verify your identity

BDSwiss Charts and Analysis


Two dropdown menus on the BDSwiss site relate to trading resources and education, and both are quite comprehensive. One deals with research, and the other deals with education.

There are some sections dedicated to “ordinary” features that most brokers have (trading calculator, economic calendars, etc.) and others that are MetaTrader-related (Autochartists, etc.). Thus, we will not be covering these as we consider them to be standardized.

In terms of research and analysis, you can find;

  • Daily market analysis
  • Technical analysis
  • Daily videos
  • Weekly Outlook
  • Market Insights
  • Special reports

Then on the educational side of things, the sections covered are;

  • eBooks
  • Live Education
  • Forex basics
  • Educational videos

 

BDSwiss Trading Resources menu

 

First is the Daily Market Analysis, a daily updated blog covering the global economy. As it states, this “blog” is updated daily with articles. You can access all the research material through tabs on any of the pages located at the top of the page.

 

BDSwiss Daily Market Analysis image

 

The technical analysis section is what you would expect. It is another “blog” section containing up-to-date information on assets and positions based on technical analysis. Remember that this is not the educational section, so you will need to understand technical analysis when reading through this section.

 

BDSwiss Technical Analysis

 

Next up is the daily videos section, which is empty. However, you can find a link to their YouTube channel here which has a wide variety of videos. The Weekly Outlook section is another “blog” section similar to Market Analysis; however, this section is more for speculation rather than what is currently ongoing in the global economy.

 

BDSwiss Weekly Outlook

 

Then you have the Market Insight section, which is similar to the Daily Market Analysis, but this section is based mainly on news that is not specific to the markets. Special Reports is another section that covers the global market outlook. However, it should be noted that these two sections have not been updated since 2021 and early 2022, making them pretty useless.

Regarding education, this broker offers two eBooks available to download if you register with the broker. They cover the psychology of trading and then technical indicators.

 

BDSwiss eBook iamge and details

 

The Live Webinars section will give you information on the upcoming webinars that this broker has detailing what the webinars will be about, who will be holding them, and a link to register.

 

BDSwiss Webinars

 

They then have the Forex Basics section, which is a dedicated short course on how to trade, which includes chapters on asset classes, fundamental analysis, order types, trading alerts, and more. For the most part, the chapters cover the general concepts of trading, but the course is short and not that in-depth.

Lastly is the Educational Videos section, which comprises of 18 videos talking on subjects that include trading strategy, support, and resistance, interpreting markets, portfolio management, and more. This section is quite nice but not so comprehensive.

 

BDSwiss Educational Videos links and details

 

  • Daily market analysis
  • Technical analysis
  • Daily videos
  • Weekly Outlook
  • Market Insights
  • Special reports
  • eBooks
  • Live Education
  • Forex basics
  • Educational videos

BDSwiss Account Types


BDSwiss offers four account types: Classic, Premium, VIP, and Raw. Heading to the account types section will give you detailed information on these, including a table of differences. For the most part, all accounts are similar except for a handful of specific conditions.

For example, the Raw account has spreads starting from zero, while the other accounts will have a minimum spread of 1.1 pips. However, the Raw account is commission based. Then the Premium account is only able to trade up to 70 assets, and the minimum deposit is 100 USD. The Classic account has a minimum deposit of 10 USD, spreads starting at 1.5 pips, and then all assets are tradable. Also, there is a 2 USD chard on index positions along with a 0.15% commission on all shares. This includes all the other accounts as well, except for the Premium account.

It should be noted that the spread for the account types varies depending on the asset, and the ones we include were based on the EUR/USD. You can check the variable spreads for the accounts by selecting the average spread link in the table sheet that outlines the account type.

The margin call for all accounts is 50%, while the stop-out level is set to 20%. Then leverage for all account types is 500:1 except the Premium account, which goes up to 1000:1. Other than that, all the accounts are identical, with the VIP account having access to VIP webinars.

 

BDSwiss Account Types table

 

Forex CFD broker Classic Premium
Features WebTrader, Mobile App,
MetaTrader 4, MetaTrader 5
WebTrader, Mobile App and MetaTrader 4

 

Account Currencies USD, EUR, GBP USD, EUR, GBP
Available Leverage Up to 1:500

 

Up to 1:1000

 

Minimum Deposit 10 USD 100 USD
Commission Per Trade $0 on all pairs
$2 on indices
& 0.15% on shares
$0 on all pairs

 

Trading Instruments Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs

 

Forex CFDs, Commodities CFDs

 

Min. Lot Size Per Trade Varies Varies
Max. Lot Size Per Trade Not specified Not specified
Spreads Varied Varied
Demo Account Yes Yes
Swap/Rollover Free Yes Yes
Hedging Yes Yes
Scalping Yes Yes
Copy Trading Support Yes Yes
Available to US Residents No No

Forex CFD broker VIP Raw
Features WebTrader, Mobile App,
MetaTrader 4, MetaTrader 5
WebTrader, Mobile App,
MetaTrader 4, MetaTrader 5
Account Currencies USD, EUR, GBP USD, EUR, GBP
Available Leverage Up to 1:500

 

Up to 1:500

 

Minimum Deposit 500 USD 500 USD
Commission Per Trade $0 on all pairs
$0 on indices
& 0.15% on shares
$5 on all pairs
$2 on indices
& 0.15% on shares
Trading Instruments Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs

 

Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs

 

Min. Lot Size Per Trade Varies Varies
Max. Lot Size Per Trade Not specified Not specified
Spreads Varied From zero pips
Demo Account Yes Yes
Swap/Rollover Free Yes No
Hedging Yes Yes
Scalping Yes Yes
Copy Trading Support Yes Yes
Available to US Residents No No

  • Classic account
  • Premium account
  • VIP account
  • Raw account

Do I Have Negative Balance Protection with This Broker?


This broker does indeed offer negative balance protection, and you can find this information by visiting the FAQ page.

The question asks, “can I lose more money than I deposited.”. The answer is No; as a BDSwiss client, your account balance can’t fall below zero. Negative balance protection applies.”.

For those of you who don’t know, negative balance protection is a policy that a broker enforces to ensure that clients don’t go into a negative balance from a bad trade. This is great, and many top-tier brokers enforce this policy and consider it to be standard practice nowadays. You should watch out for brokers that do not offer this as a service or feature on trading account types.

 

BDSwiss Negative Balance FAQ

 

  • Yes, on all account types

BDSwiss Deposits and Withdrawals


This broker offers the most standard methods for funding your account, including bank cards, e-wallets, and bank transfers. Although the range of methods is limited, this broker is known for instant deposits and withdrawals, for which they have won an award. View the image below for a more detailed overview of their funding methods

 

BDSwiss Deposits

 

The methods for withdrawing funds from your account are even more limited, and the processing times can sometimes take up to 24 hours. However, as we stated, this is not usually the case with this broker.

 

BDSwiss Withdrawals methods

 

It will help to remember that there is a different deposit minimum depending on which trading account type you wish to open, and you will find that in the above section under “account types.”.

  • Skrill
  • Debit and credit card
  • PayPal
  • Bank wire
  • Online banking
  • DotPay
  • Neteller
  • iDeal
  • EPS
  • Sofort

Support Service for Customer


You can get in touch with support for this broker and start by heading to the “contact” page in multiple ways. Here you will find a contact form where you can send a message and expect a response via Email.

 

BDSwiss Contact Form

 

On this page, you will also find support channel information on telephonic support, and this broker has telephonic support for a number of languages, from German to Portuguese. Take note that these support lines are located in different regions around the globe.

 

BDSwiss Telephone nuumbers

 

Then they also have their support Email address which is listed on this page;

If these support channels are not for you, they still have a live chat feature directly accessible from their website. It should be noted that the multilingual customer support team is available 24/5.

They also have a FAQ section but one that is not so detailed; however, we included it in our support services as this broker does not have many other forms of support like social apps and this section is also listed under support.

BDSwiss Customer Support Overview
Supported Languages English, German, Italian, Spanish, French, Greek, Portuguese
Customer Service By BDSwiss
Customer Service Hours 24/5 for multilingual team
Email Response Time Within 24 hours
Telephonic Support Yes
Personal Account Manager No

  • Supported Languages: English, German, Italian, Spanish, French, Greek, Portuguese,
  • Customer Service Channels: Email, Contact Form, Live Chat, Multilingual support
  • Customer Service Hours: 24/5

Prohibited Countries: Where Can I Not Trade with this Broker?


We could not find information on countries in which this broker is not allowed to operate. Some brokers have dedicated pages to this information outlining where they are and are not allowed to operate. Remember that depending on various regions, licenses, and laws, brokers are not allowed to just do business.

For example, many international brokers are not allowed to operate in the US due to the restrictions in place by the Securities Exchange Commission (SEC). Also, many countries with high fraud risks and those sanctioned are typically not allowed to open accounts and do business with an international broker.

Support did not give us information either because they just asked what region we were based in, and BDSwiss is allowed to operate here. The only way you can find out if this broker does operate in your region is to try and open an account because in the sign-up process, you will need to select your country of residence. In the list below, we did speculate which countries are typically not allowed to trade with an international broker.

  • North Korea
  • Iran
  • Belarus
  • US

Special Offers for Customers


There is a dedicated “promotions” page that you can visit on the BDSwiss website, and here you will find three promotional offers for clients. The first is an affiliate program which is a little bit different from other referral programs as this broker states you can earn up to 3,000 USD per successful referral. This seems outrageous as other brokers typically give referral commissions under 100 USD. No other information on the specifics of this program is given, however. You will need to view this program’s terms and conditions if you want to know more.

 

BDSwiss Referral details

 

Then there are the 30% deposit and the 30% deposit premium bonuses. Both promotions are pretty much the same with the differences being they are for different account types. For the Classic account, you can get a 500 USD bonus, while opening a Premium account can see you get up to 2,500 USD on your first deposit.

  • Referral program
  • 30% Deposit Bonus (Classic account)
  • 30% Deposit Bonus Premium (Premium account)

BDSwiss Review Conclusion: Reputable Broker with Easy-to-use Platform


Although this broker is only regulated by one authority we are aware of, which is stated on their website, we still regard this broker as trustworthy and reliable.

PIPPENGUIN

This broker was founded in 2012 and is regulated by the FSA. It also holds numerous awards and has a sterling reputation based on customer reviews from Trustpilot. Although this broker is only regulated by one authority we are aware of, which is stated on their website, we still regard this broker as trustworthy and reliable.

Summary and Key Takeaways


This broker uses MetaTrader (4 and 5) for its trading software, a mobile trading app, and a proprietary web terminal. There are four account types that are pretty similar, except for the Raw account, which is heavily commission based. The tradable assets included are over 250, and clients can trade forex, stock, commodities, indices, and crypto.

The deposit and withdrawal methods are limited but kept to the most popular, and although some of their trading resources and education are comprehensive and kept up to date, there are some sections that are empty and have not been updated for years.

  • European and Swiss regulatory platforms
  • Regulated by the FSA
  • Been in operation since 2012
  • Four account types to choose from
  • Offer MetaTrader 5 and 5
  • The mobile trading app is award-winning
  • There is a proprietary web terminal
  • Opening an account is quick

FAQs


Is BDSwiss a trusted broker?

BDSwiss is a trusted broker. This is because they are regulated by the FSA of Seychelles and have been in operation since 2012. They also have a good customer review score on Trustpilot from almost 2,000 customers.

What is the minimum deposit for BDSwiss?

The minimum deposit for BDSwiss is 10 USD if you open a Classic account. The minimum deposit for a Premium account is 100 USD, and the minimum deposit for both the Raw and VIP accounts is 500 USD.

Can you withdraw money from BDSwiss?

Yes, you can withdraw money from BDSwiss. You can withdraw funds from your trading account using one of the gateways, such as bank cards, online banking, wire transfer, or e-wallet. Depending on the method used, the processing time can take up to 24 hours.

What is the withdrawal limit for BDSwiss?

There is no withdrawal limit for BDSwiss. However, there are fees to consider when withdrawing funds. For example, a 10 USD fee will apply to bank transfers that are under 100 USD. Also, the minimum withdrawal amount that is allowed with wired bank transfers is 50 USD.

3 reviews for BDSwiss Review 2024: Is BDSwiss A Trusted Broker?

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  1. Profles

    I have problems withdrawing money. They keep making excuses about why I can’t withdraw. I’m yet to get anything out

    - CONS: Cant withdraw
    Helpful(0) Unhelpful(0)You have already voted this
  2. catherin hemon

    They are all part of these scam platforms, we were a group of people who had to file reports to Westinghousef.com who helped to recoup all of our investments we could not be more thankful.

    + PROS: N/A
    - CONS: N/A
    Helpful(0) Unhelpful(0)You have already voted this
  3. Isabella

    They didn’t settle my trades right. Made mistakes, and I had to pay for it. It’s not fair, and I’m considering going somewhere else.

    Helpful(0) Unhelpful(0)You have already voted this

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    BDSwiss Review 2024: Is BDSwiss A Trusted Broker?
    BDSwiss Review 2024: Is BDSwiss A Trusted Broker?
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