BDSwiss Review 2023 Information about BDSwiss Forex Broker
In addition, the apps feature the ability to view prices for multiple asset classes in real-time, access technical trading indicators, read recent news articles, receive real-time quotes, and view interactive charts. BDSwiss offers three account types which are Classic, Vip and Raw, created to cater to the needs of different Forex traders with either lower costs according to trading sizes or advanced services once size increases. While Classic and Vip account are based on the spread-only model, Raw account features interbank spreads and commission charge per lot, which gives good flexibility to choose accountn you would need the most, see account comparison snapshot below.
He/she was courteous and attentive to all the details I supplied thus making it easy to resolve the issue I had with my withdrawal. The primary regulator is located in Cyprus, secondary regulatory is based in Mauritius, and one operating subsidiary is registered with theNFA. BDSwiss touts proven strategies in its Telegram channel, accessible only to VIP and Raw account holders.
Distinctive features
With the end-trader in mind, BDSwiss enables clients to speculate on raw spreads from 0.0pips on more than 50 CFD assets, including major and minor forex currency pairs as well as spot gold pairs. Building on a foundation of transparency and reliability, BDSwiss’ Raw ECN Account offers traders the full benefits of bridge integration, while also enabling them to benefit from accurate and more competitive pricing and reduced slippage. With an average execution speed of only 0.10 milliseconds, BDSwiss pushes the limitations of DMA trading, ensuring direct market pricing at ultra-low latency. The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders. Besides traditional bank wires and credit/debit cards, supported payment processors include Skrill, Neteller, PayPay, giropay, Sofort, eps, iDeal, and dotpay.
- For clients comfortable finding their own answers to common questions, the FAQ section of the website covers major topics from registration all the way to trading.
- In addition, the apps feature the ability to view prices for multiple asset classes in real-time, access technical trading indicators, read recent news articles, receive real-time quotes, and view interactive charts.
- BDSwiss is considered average-risk, with an overall Trust Score of 83 out of 99.
- BDSwiss’ Autochartist is a powerful market analysis tool that automatically identifies and notifies you on potential trading opportunities, depending on your chosen settings.
- He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
- The Applicant will be required to complete a simple online form in order for the registration process to be completed.
In addition, bank wire transfers and credit cards are also accepted when depositing money. Deposits and withdrawals made via credit card are processed free of charge by the broker, which we certainly appreciate. For other payment methods, a processing fee applies to small transfers only.
Customer Support
The primary regulatory agency is the Cyprus Securities and Exchange Commission. Traders based in South Africa have the option to adjust to a lower leverage. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. You should login to your Client Portal and submit a withdrawal request by following of the required procedure.
BDSwiss minimum deposit is 100$ for Classic account, which is an attractive opportunity to many traders for a Classic account. Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits as well. Also, you may compare BDSwiss fees to its peer BlackBull markets and other popular brokers listed below. BDSwiss is an international Forex Broker and a brokerage firm established in 2012, which fastly approached Markets and became one of the largest trading groups, and now serves as one of the leaders. The current clients’ base of BDSwiss counts more than a 1.5 million registered clients from over 186 countries, as well as serving exclusive Member club that has more than 1.5 million traders. At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases.
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In our analysis of 23 international regulators across 50 brokers, FOREX.com earned a higher Trust Score than BDSwiss. BDSwiss is a large forex & CFD broker based mainly in Cyprus, with separate entities also registered in Mauritius and the Seychelles for non-European traders. Both Mauritius and the Seychelles are considered offshore jurisdictions in the world of forex trading, with much more relaxed regulations than what is found elsewhere.
Withdrawals are processed within 24HRS and become visible in the client’s bank account within 10min to a maximum 10 working days depending on the payment method used. The site offers a useful charting function for trading, in either Candlestick or Line format and you can opt to add in your own preferred indications, from a wide available selection on site. Forex traders will also find the platform offers lots of advanced features for technical analysis and decision-making. These are Basic and RAW with the RAW spread account being the most popular at BDSwiss, even though commission charges do apply. Different assets have differing spread values, which are assessed by pip values. You won’t pay trading fees or commissions on most trades with BDSwiss, instead the trading fees are levied within spreads.
Trade with a Regulated Broker
BDSwiss’ top-tier liquidity providers ensure more competitive spreads that do not fluctuate wildly. Essentially, lower spreads that do not widen too much in times of high volatility can help significantly reduce trading https://forex-review.net/bdswiss/ costs which translates to bigger profits and fewer losses. Of course, a competitive quote is not the only thing that guarantees lower trading costs, other factors such as latency, execution speed and slippage.
- The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
- We do not present any investment advice or guarantees for the accuracy and reliability of the information.
- They also offer ZAR currency accounts & local funding and withdrawals via Local Bank Transfer.
- Yuliya was very patient, proactive and professional in their service to me.
- Autochartist is available to all traders and represents a valuable research tool.
In case the need does arise, this broker has made accessibility a high priority. BDSwiss was established in 2012, and swiftly embarked on what is seen as a remarkable growth trajectory. While this broker describes itself as part of a worldwide operating group with holdings in Switzerland, the primary regulator appears to be the Cyprus Securities and Exchange Commission (CySEC). BDSwiss is also regulated by the Financial Services Commission of Mauritius which allows the broker to offer non-EU residents more flexible leverage options. So, the overall fees would be higher to deposit funds in this example as compared to brokers that offer funding & withdrawals in ZAR with ZAR Base Currency Accounts. For a comprehensive review of the fee structure at BDSwiss, we have divided it into trading and non-trading fees.
