BDSwiss Broker Review

Is BDSwiss Safe?

BDSwiss has been regulated by CySEC (license 199/13) since 2013, and frequent audits ensure that BDSwiss is compliant with laws protecting client funds and safeguarding against money laundering.

BDSwiss is also regulated by several other national authorities, including:

• BDS Markets is authorised and regulated as an Investment Dealer by the Mauritius FSC on 06/12/2016 (License No. C116016172)
• BDSwiss GmbH (Registration No. HRB 160749B) is the BaFin-registered Tied Agent of BDSwiss Holding Ltd in Germany.
• BDS Ltd is authorized and regulated by the Financial Services Authority (FSA) Seychelles under license number SD047.

BDSwiss offers negative balance protection for all clients. If a client falls into a negative trading balance, BDSwiss will make an adjustment of the full negative amount so that the client does not suffer any loss.

In terms of industry recognition, BDSwiss’ recent improvements in trading conditions have paid off, winning the Best Trading Conditions 2019 and Best Trading Conditions 2020 awards from World Finance and Best FX & CFD Provider 2020 at the International Investor Awards.  These awards are in addition to the Best Trade Execution 2019 (Global Forex Awards) and Best Trading App 2019 (Mobile Star Awards).

Our sister site, FXScouts, also awarded BDSwiss the award for Best Market Research Provider 2020, citing BDSwiss’ “exceptionally detailed and thoughtful market analysis for traders of all experience levels.”

BDSwiss also maintains a transparent complaints process which works to classify the complaint correctly, have the complaint managed by the Head of Support, and kept on record for five years.

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Trading Conditions

BDSwiss offers its clients direct liquidity, routing all client orders directly to top global banks and exchanges so that they benefit from direct market prices and the best possible trading conditions.

BDSwiss Group has undertaken several initiatives aimed at improving trading conditions for its clients: It launched the BDSwiss Raw Account, which gives traders access to deeper liquidity and lower spreads that reduce trading costs, added support for MetaTrader 5, refined the client dashboard, and added more servers to accommodate its growing client base.

BDSwiss publishes all its execution data, showing that 97.5% of trades are executed in less than 0.2 seconds (with an average speed of 0.01 seconds) with no requotes of rejections.

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Account Types

BDSwiss offers Demo, Classic, VIP and Raw Accounts. Islamic Accounts are available on the Classic and VIP versions, but not the Raw. All accounts offer hedging, basic education material and leverage of up to 1:500. 

Demo Account: The demo account is a USD 10,000 live market playground to practice your trading and analysis.  The demo account never expires, allowing traders to make a full evaluation of BDSwiss and its trading platforms.

Classic Account: There minimum deposit on the Classic Account is 100 USD. Leverage of up to 1:500 is available and an average spread on the EUR/USD of 1.5 pips.

VIP Account: The minimum deposit for the VIP Account is 3,000 USD with an average spread on EUR/USD at 1.1 pips. As well as tighter spreads, the VIP Account comes with access to several trading and educational tools including AutoChartist, a personal account manager, and real-time trading alerts.

Raw Account: The RAW Account is a professional account offering raw spreads in exchange for a commission per lot traded. Spreads are down to 0 on major pairs at times, though generally average slightly higher. Because of the nature of this account, an Islamic (swap-free) option is not available.

Spreads and Commissions

Spreads at BDSwiss are derived from the broker’s liquidity partners, so are variable and generally low. EUR/USD spreads average 1.5 pips on the Classic Account, 1.1 pips on the VIP Account and 0.3 pips on the Raw Account. The Raw Account has a 5 USD round turn commission per lot traded.

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Broker

Trading Conditions

Base Currencies

EURUSD (Standard)

Trading Cost (Standard)

EURUSD (Best)

GBPUSD (Best)

USDJPY (Best)

Commission

BDSwiss

4.5/ 5

EUR, USD, GBP, ZAR

1.30 pips

USD 13

0.00 pips

0.60 pips

0.30 pips

USD 0

eToro

4/ 5

USD

1.00 pips

USD 10

1.00 pips

2.00 pips

1.00 pips

USD 0

CM Trading

4/ 5

EUR, USD

1.50 pips

USD 15

1.70 pips

2.60 pips

1.70 pips

USD 0

Deposit & Withdrawal fees

BDSwiss does not charge for making deposits to a live trading account. BDSwiss can charge for withdrawals.

• A fixed fee of 10 EUR (or equivalent) for bank wire withdrawals below 100 EUR (or equivalent)
• For international payments, the minimum withdrawal amount is 50
  EUR (or equivalent) after the deduction of fees. For amounts that remain below the required 50 EUR, an alternative withdrawal method can be used.
• For Single Euro Payments Area bank transfers a minimum amount of 5 EUR (or equivalent) after deduction of the fees.
• For all other withdrawals amounting to 20 EUR or less, BDSwiss reserves the right to charge a fixed withdrawal fee of 10 EUR (or equivalent).

BDSwiss for Beginners

BDSwiss offers excellent educational material for beginner traders and those with an intermediate level of experience, this includes structured training courses and frqeuent webinars.

Market analysis is also excellent and detailed with market news and insightful daily analysis offered by the BDSwiss team.

Educational Material

BDSwiss offers a comprehensive Trading Academy for those looking for structured courses; the Trading Academy is split into beginner, intermediate and advanced sections, though in truth, the advanced section is more suited to those with an intermediate knowledge. Perhaps the better, and more advanced educational material from BDSwiss comes in the form of weekly strategy webinars and frequent live seminars held at BDSwiss offices around the world.

Webinars are free to non-clients, and only require signup to participate. Once completed, webinars are added to the video library and combined with other educational videos about aspects of trading and market analysis.

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Broker

Beginner Course

Advanced Course

Well Structured Education

Education Quality

Webinars

BDSwiss

Yes

Yes

Yes

High

Yes

eToro

No

No

No

Low

Yes

CM Trading

No

No

No

Medium

Yes

Analysis Material

Research and analysis at BDSwiss is detailed and well-structured. Financial commentary is split into five sections: Market Preview, Technical Analysis, Daily Videos, Weekly Outlook, and Special Reports. Webinars are also conducted on an almost daily basis in a range of languages.

All analytical material, including webinars and forecasting reports, are available free of charge and most of the video content is uploaded to YouTube. The quality of the analysis is very high and will be of value to both technical and fundamental traders.

Watching these videos gives traders an insight into how to approach researching marketing opportunities as well as trader psychology. We particularly recommend the Daily Market Preview, conducted by BDSwiss’ Head of Investment Research, Marshall Gittler.

Customer support

24/5 customer support is available by telephone, email, live chat, and messaging services. Local telephone numbers are available across Europe.

For clients outside of Europe, BDSwiss offers a callback service, though customer support is only available in common European languages.

BDSwiss Trading Platform

BDSwiss supports both MT4 and MT5 as well as its own BDSwiss Webtrader platform, where they have made some recent modifications intended to improve the trading experience.

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Broker

Platform Choice

Copy Trading

Platforms

BDSwiss

4.5/ 5

Yes

MT4

MT5

BDSwiss WebTrader

eToro

4/ 5

Yes

etoro

CM Trading

4/ 5

Yes

MT4

MT4

MT4 is the industry standard platform, in part because of the amount of publicly available educational documentation and user guides. It is little changed from when it was introduced in 2005 and continues to offer live news feeds directly on the platform, free pre-programmed analytical tools, charting and analysis, daily account statements and account equity data including floating profit and loss.

BDSwiss WebTrader

The BDSwiss WebTrader does not require downloading and it is 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.

Designed to give you maximum control, the BDSwiss WebTrader enables you to access your account quickly and efficiently on any device. The BDSwiss WebTrader is a user-friendly platform that delivers a vast array of tools including unique indicators, automated trading via the pending orders feature, and an intuitive order window that automatically calculates position size, leverage and required margin.

MT5

MT5 is the latest and most advanced MetaTrader platform and offers all the features of MT4, with the addition of more advanced trading tools and indicators that enable traders to maintain more control of their trades and make more informed decisions using cutting-edge analysis.

MT5 enables BDSwiss clients to trade an extended number of CFD instruments from various asset classes including currency pairs, stocks, commodities, shares, indices, and cryptocurrencies, all in one platform with different settings, no strategy restrictions, minimum slippage, and ultra-fast order execution.

BDSwiss Mobile Trading Apps

The award-winning mobile application from BDSwiss is a massive improvement on the standard MT4 mobile application. Featuring an intuitive and user-friendly trading interface, It is designed to be compatible and sync with your desktop MT4 application.

The mobile app offers full trading, research, and account management functionality. Traders can open/close/edit positions, add stops to open positions and delete working orders. Research and analysis are available on real-time charts, and automated alerts are used to identify trading opportunities.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the BDSwiss offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. BDSwiss would like you to know that: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. 0 of retail investor accounts lose money when trading CFDs with this provider.

Overview

BDSwiss is a well-regulated broker with a range of account types for traders of all experience levels. Support for both MT4 and MT5 is combined with an award-winning proprietary mobile application and outstanding Forex education and analysis. BDSwiss should satisfy all traders looking for a good, responsible broker.

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts.  She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.