Commission charges: None on Forex and Commodities, 2 USD on Indices, and 0.15% on Equities.
Assets:Over 250 instruments to trade in
Excluded Countries: United States Canada, Japan, Sudan, Syria, and North Korea
Platforms: Online and Mobile (see below)
Regulation: See list below
BDSwiss have been in operation since 2012. They offer CFD and Forex trading. According to their website they have since 2012 900,000 accounts and on average 800,000 orders placed per day. They also operate in 125 countries, with the most popular being the UK, Austria, Germany, Sweden, and Holland. They state they trade in over 5 Billion Euros FX volume per month.
For Forex and CFD trading they use the popular MetaTrader4 (MT4) platform. With the platform you can CFD trade in forex, cryto-currencies, indices, commodities and equities (see below for further information). The platform can be customized so you can set up the platform how you like, tailoring it to your trading preferences. There are a number of key features to the BDSwiss trading platform that assist in making your experience better. Some of them are: Free Pre-programmed analytical tools that come free;Analytical study overlay ability;Multiple charting and analysis options;Multi-language features;Daily account statements.
They do have both a Android and iOS mobile platform that you can download from the Google Play and iTunes stores respectively.
If you are not familiar with CFD trading, then check out our designated page on what CFD trading is, before you start.
BDSwiss offer over 80 currency pairings in the basic trade, from the standard through to the not so well known. The leverage margin requirement on all pairings is as high as 1:400. The minimal lot size for all pairings is 0.01 and the maximal lot size for all pairings is 50. Units per lot on all parings is 100000. The commission on all pairings is zero.
BDSwiss offer 7 commodities for you to trade: Gold Spot to US Dollar (XAUUSD), Gold Spot to Euro (XAUEUR), Silver Spot Price to US Dollar (XAGUSD), Platinum Spot Price to US Dollar (XPTUSD) US Crude Oil, Crude Oil-Brent spread, and Natural Gas. All but Natural Gas has a Leverage of 1%, with Natural Gas being 10%. The units per lot for all is 100. Minimal lot size is 0.01 for all, and maximal lot size is 50 for all. Commission is zero.
There are 11 indices available from BDSwiss for you to CFD trade within. They range from the Nasdaq 100, S&P 500 index and the Dow Jones 30.
There are 8 CFD’s within crypto-currencies that cover three currencies, Bitcoin, Litecoin, and Ethreum. For all of them the margin requirement is 20%.
There are 54 companies available for your to trade in, from Apple, to Citigroup, Facebook & Google, Goldman Sachs & Wal-Mart to same just a few. The margin requirement on all is 10% and the commission is 0.15%.
BDSwiss also offer a wealth management program. the purpose of the program is to allow investors to maximize their returns by placing your funds with a Fund Manager who invests your capital for you.
BDSwiss provide detailed information on each fund manager, outlining their success rate, their existing balance, strategies, the profits they have achieves, the monthly gain percentage, along with other critical information.
They also provide an educational section that comprises of webinars discussing key financial news and aspects. And training courses such as trading in general, where you can broaden your trading knowledge in CFD’s
BDSwiss do offer a demo account. You do get 10,000 in virtual money (in other words, you cannot withdraw these funds) You can download the MT4 trader platform to your computer or use the web trader. The demo account has the exact same features and interactions as the live account. You cannot use the live account until you first deposit funds into your account.
To deposit funds into your trading account you can do so by a number of methods, such as, Visa or Mastercard, Bank wire transfer, giropay, Skrill, Neteller and a few other methods.
Withdrawals take 3-5 working days and are done through the same method as you used to depositing funds into your account.
Naturally to prevent money laundering you will need to verify your identity before you can actually begin trading. You simply need to provide a scan copy of your personal ID, such as passport or driving license and proof of residency.
Concerns /Things To Consider
The main things to consider when looking to use BDSwiss CFDtrading platform is that it is not available to every country around the world. If you live in United States Canada, Japan, Sudan, Syria, and North Korea then the platform is not available to you.
Even if you are a seasoned trader of CFD‘s or have good experience trading online, you may want to consider opening up a demo account first, simply to practice using the platform so you get used to it before you start.
Of course, the main thing to consider is that when trading your capital is at risk. There are no guarantees concerning success or the limiting of failure and so it is always best to consider placing as much risk management in place as possible.
We carried out a web search to find complaints about BDSwiss and to be honest we struggled to find many. We did find a few, and that is going to be natural, because nothing is perfect and people don’t like the way things are done, or they have had a bad experience. BDSwiss do have a full complaints procedure in place which can be downloaded from their website.
Is BDSwiss a scam? This is a common question of course because there have been in the past a lot of companies offering Forex trading that were scam artists, but the reason why those companies were able to often get away with scamming individuals, was because they were not regulated. As we mentioned at the beginning, BDSwiss are regulated and come under some very stringent regulations and procedures.
Please note that the content on this website does not constitute financial advice and should not be taken as such. The owner of this site may be paid to recommend companies. The content on this website, including any positive reviews may not be neutral or independent. It is advisable to always speak to a certified financial adviser before making any investment decision.