Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

BD Swiss review

BDSwiss Review

Overall, BDSwiss is considered secure and can be summarised as trustworthy. BDSwiss is regulated by the elite CySEC, FSC, BaFIN, and FSA. BDSwiss is currently one of the most reputable platforms, ranked with an overall rating of 9 out of 10. BDSwiss is currently not regulated by the CMA of Nigeria.

Updated : January 20, 2023

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

002 candlestick

Range of Markets

007 fees

Fees

001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

USD 100 / 41459 NGN

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

BDSwiss Overview

BDSwiss Review Overview

👉 Overall, BDSwiss is one of the brokers with the best active presence on social media platforms. In addition to offering MetaTrader 4 and 5, BDSwiss offers its innovative, powerful proprietary trading platforms on mobile and internet browsers.

 

👉 BDSwiss was introduced in Zurich in 2012. The CFD and forex broker is a worldwide supplier with more than 16,000 affiliate accounts and presently trades more than €20 billion in FX each month.

 

👉 BDSwiss is multi-regulated and even though the broker does not have specific regulation through the Capital Markets Authority (CMA) in Kenya, BDSwiss is an ideal option for traders despite their trading objectives or needs.

 

👉 A Forex broker, BDSwiss, serves traders from across the globe and provides them with a wide range of options for dealing with the currency market. All the MetaTrader platforms are supported by BDSwiss, as well as its own unique mobile app for trading forex and CFDs on the go.

 

👉 Order execution statistics are strong with more than 1,000 trading products available. However, the spreads are much more than those of market leader tradable instruments.

 

👉 This BDSwiss review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.

 

Distribution of Traders

👉 The distribution of traders with BDSwiss is as follows:

➡️️​ Germany – 16.9%

➡️️​ Italy – 10.3%

➡️️​ Mexico – 7.2%

➡️️​ Malaysia – 5.8%

➡️️​ Brazil – 5.1%

 

Popularity among traders who choose BDSwiss

🥇 While BDSwiss does not have a large market share in Nigeria, it is still a viable option for Nigerian traders, placing it within the Top 100 brokers for the country.

BDSwiss at Glance:

🏛️ HeadquarteredSeychelles
🏛️ Nigerian Based OfficeNo
👍 Accepts Nigerian Traders?Yes
📅 Year Founded2012
📱 Nigerian Office Contact NumberNone
⚖️ RegulationCySEC, FSC, BaFIN, FSA
🔎 License NumberCyprus – 199/13
Mauritius – C116016172
Germany – HRB 160749B
Seychelles – SD047
⚖️ CBN RegulationNone
✴️ Regional RestrictionsThe United States, Belgium, and other OFAC sanctioned regions
☪️ Islamic AccountYes
📈 Demo AccountYes
📈 Retail Investor Accounts4
📊 PAMM AccountsNone
📊 Liquidity ProvidersNone indicated
💸 Affiliate ProgramYes
📊 Crypto trading offered?Yes
🚀 Offers a Nigerian Account?No
💻 Dedicated Nigerian Account Manager?No
📈 Maximum Leverage1:1000
📈 Leverage Restrictions for Nigeria?No
💳 Minimum Deposit (₦)41,000 Nigerian Naira equivalent to $100
💳 Nigerian Naira Deposits Allowed?No, only USD, GBP, EUR
💰 Active Nigerian Trader Stats1.3 million
Active Nigerian-based BDSwiss customers150,000+
💰 Nigeria Daily Forex Turnover$1.25 million+
💳 Deposit and Withdrawal OptionsBank wire transfer
Debit Cards
Credit Cards
Skrill
Neteller
💰 Segregated Accounts with Nigerian Banks?No
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, BDSwiss Mobile, BDSwiss Web
💰 Tradable AssetsForex
Commodities
Shares
Indices
Cryptocurrencies
🌐 Offers USD/NGN currency pair?No
🌐 USD/NGN Average SpreadN/A
📈 Offers Nigerian Stocks and CFDsNo
👨‍💼 Languages supported on WebsiteEnglish, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian
👥 Customer Support LanguagesMultilingual
👥 Customer Service Hours24/5
👥 Nigerian-based customer support?No
💰 Bonuses and Promotions for NigeriansNone
✴️ Education for Nigerian beginnersYes
📊 Proprietary trading softwareYes
💰 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is BDSwiss a safe broker for Nigerians?Yes
✔️ Rating for BDSwiss Nigeria9/10
✔️ Trust score for BDSwiss Nigeria78%
👉 Open an account👉 Open Account

Regulation and Safety of Funds

BDSwiss Review Regulation

👉 The BDSwiss Group includes BDSwiss, which is a renowned financial institution that provides forex and CFD instruments for trading across several asset classes. BDSwiss.com Award-winning conditions, top trading platforms, and low pricing make BDSwiss a well-known brand.

 

👉 BDSwiss does not occupy an office in Nairobi, Kenya. However, the company does have offices in over ten countries throughout the world. BDSwiss is regulated and authorized by the following:

➡️ The Cyprus Securities and Exchange Commission (CySEC) regulates BDSwiss Holding Ltd. under license number 199/13.

➡️ The Financial Services Commission (FSC) in Mauritius regulates BDS Markets as an investment dealer under license number C116016172.

➡️ Registered with the Federal Financial Supervisory Authority (BaFIN) as HRB 160749B, BDSwiss GmbH.

➡️ Seychelles’ Financial Services Authority (FSA) has licensed and regulated BDS Ltd. under license number SD047.

Overall Rating

Min Deposit

USD 100 / 41459 NGN

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Account Types and Features

BDSwiss Review Account Types

👉 More than 250 financial products may be accessed via BDSwiss’ four separate retail investor accounts. The following user accounts are on offer:

➡️ Classic Account

➡️ Premium Account

➡️ VIP Account

➡️ RAW Account

 

👉 In addition, the BDSwiss official website reports that a Cent Account is provided. However, this account type is still undocumented, indicating that work is still being done on it. To stay up to speed on the Cent Account option from BDSwiss, Kenyan traders can subscribe to the broker’s email newsletters or follow the broker on social media platforms.

 

Live Trading Accounts

Classic Account

👉 This is a conventional and typical account that is quite popular among typical Kenyan traders.

✔️ Pros❌ Cons
Well-regulated broker with competitive spreads and various social trading opportunitiesIC Markets does not hold regulations from the Financial Conduct Authority (FCA)
Flexible and powerful trading platforms are available for the web, desktop platforms, and mobile devicesUnited States traders are not accepted
There are low trading costs involvedFixed spreads are not offered
The transaction costs are transparent and cater for various traders despite their financial situation

 

Premium Account

👉 This is an upgrade and offers Kenyan traders additional benefits and features as can be seen below.

➡️ Standard Account• AUD/USD – 1.3 Pips
• GBP/USD – 1.6 Pips
• EUR/USD – 1 Pip
• USD/JPY – 1.2 Pips
• XAU/USD – $0.2
• WTI/USD – $0.04
➡️ ProZero Account• AUD/USD – 0.0 Pips
• GBP/USD – 0.0 Pips
• EUR/USD – 0.0 Pip
• USD/JPY – 0.0 Pips
• XAU/USD – $0.06
• WTI/USD – $0.034
➡️ Bespoke Account• AUD/USD – 0.0 Pips
• GBP/USD – 0.0 Pips
• EUR/USD – 0.0 Pip
• USD/JPY – 0.0 Pips
• XAU/USD – $0.05
• WTI/USD – $0.034

 

VIP Account

👉 This is the Professional account offered by BDSwiss that caters to seasoned traders and investors who need the best possible trading conditions and additional features.

✔️ Pros❌ Cons
Admirals is well-regulated in several regions globallyThere is an inactivity fee charged
Admirals offers commission-free optionsNigerian traders are subject to currency conversion fees
The broker accepts Nigerian traders despite their trading skills or trading strategiesThere are deposit and withdrawal fees charged
There are user-friendly platforms available across devicesThere are admin fees charged on the Islamic account
There is a wide range of tradable markets, complex instruments, and leveraged productsThere is only one account type that can be converted to an Islamic Account
Admirals offers the MetaTrader Supreme Edition
Traders are given access to premium analytics
There are several educational materials, resources, and tools offered

 

Raw Account

👉 This is an account that offers the tightest spreads for scalpers, day traders, and other fast-paced, high-volume traders.

AccountCommissions charged on trades
Trade.MT5

$0.02 per share on individual shares and ETF CFDs
Invest.MT5$0.02 per share on individual shares and ETF CFDs
Zero.MT5• From $1.8 to $3 per standard lot on Forex and Metals
• From $0.05 to $3 per standard lot on Cash Indices
• $1 per standard lot on Energies
Trade.MT4$0.02 per share on individual shares and ETF CFDs
Zero.MT4• From $1.8 to $3 per standard lot on Forex and Metals
• From $0.05 to $3 per standard lot on Cash Indices
• $1 per standard lot on Energies

 

Demo Account

BDSwiss Review Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and BDSwiss offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Muslim traders in Kenya can convert the Classic, Premium, and the VIP account to an Islamic Account, exempting them from paying/receiving overnight fees.

Overall Rating

Min Deposit

USD 100 / 41459 NGN

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Account Registration

👉 Only a few minutes are needed to fill out the application form for BDSwiss. Traders are required to enter basic information and authenticate their email addresses before they may trade.

 

👉 To complete the Know Your Customer (KYC) procedure, Kenyan traders must provide identification and proof of residence after completing the application. Traders in Kenya access and fund the trading account after the necessary paperwork have been gathered and validated.

BDSwiss Vs Fidelity Vs eToro – Broker Comparison

BDSwissFidelityeToro
📱 Trading PlatformMetaTrader 4
MetaTrader 5
BDSwiss Mobile
BDSwiss Web
Active Trader Pro
Fidelity Mobile
eToro proprietary platform
💰 Minimum Deposit41,000 NGN ($100)400 NGN ($1)83,000 NGN ($200)
📈 LeverageUp to 1:10001:11:30 (Retail)
1:400 (Professional)
📊 SpreadFrom 0.3 pipsNoneFrom 1 pip
💰 Commissions$2 to $5$0 to $0.03None
💳 Margin Call/Stop-Out50%/20%NoneNone indicated
✴️ Order ExecutionInstant/MarketNoneMarket/Instant
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsIn ProgressNoNo
⚖️ CBN RegulationNoNoNo
💰 NGN DepositsNoNoNo
📊 Nigerian Naira AccountNoNoNo
👥 Customer Service Hours24/524/724/6
📊 Retail Investor Accounts4151
☪️ Islamic AccountYesNoYes

Trading Platforms

BDSwiss Review Trading Platforms

👉 BDSwiss offers Nigeria traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ BDSwiss Mobile

➡️ BDSwiss Web

 

Desktop Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

 

👉 The MetaTrader 4 and 5 desktop platforms that are offered by BDSwiss offer Nigerian traders:

➡️ A customizable and user-friendly interface

➡️ Newsfeeds that are updated on the trading platform

➡️ Access to pre-programmed analytical tools

➡️ Access to analytical studies

➡️ Multiple comprehensive charting options

➡️ A wide range of timeframes, analytical tools, drawing options, and more

➡️ Expert advisors, and more.

 

👉 Trading on the BDSwiss MT4 is a pleasurable experience regardless of one’s degree of expertise due to the software’s easy-to-use interface and extensive feature set. MetaTrader 5 is the updated version that provides a much wider range of trading instruments across several global financial markets.

 

WebTrader Platforms

BDSwiss Review WebTrader

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ BDSwiss Web

 

👉 With the help of BDSwiss’ innovative technology, the MetaTrader MT4 platform has been transformed into a user-friendly trading platform for traders of all skill levels.

 

👉 To trade in the financial markets, BDSwiss Forex MT4 has everything you need (forex, indices, commodities, and more). All the materials and tools required to study the price dynamics of financial instruments, execute, and amend trades, and design and utilize automated trading algorithms (Expert Advisors) are supplied.

 

👉 BDSwiss’ MT5 trading platform gives Nigerian traders access to much more functionality than what is featured on MetaTrader 4.

 

👉 All the pioneering features of MT4 are included in the BDSwiss MT5 platform, but it now includes more sophisticated trading tools and indicators that allow traders to keep more control over their trades and make better choices based on innovative and robust research.

 

👉 The proprietary BDSwiss WebTrader was created in-house and emphasizes simplicity, speed, and reliability, enabling you to trade from any browser and operating system without installing or running any software.

 

👉 The WebTrader is loaded with features, including a plethora of trading tools, indicators, automatic trading, and a customizable order window. BDSwiss Web is offered in more than 24 languages and is completely compatible with the BDSwiss App and MetaTrader 4.

 

Trading App

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ BDSwiss Mobile

 

👉 MetaTrader 4’s mobile app offers Nigerian traders unlimited access to a wide range of financial instruments that are offered by BDSwiss. MetaTrader 4 also offers different functions and features that have been optimized for mobile trading from anywhere in the world.

 

👉 Offering a superior trading experience, the MT5 mobile app enables BDSwiss clients to trade a broader range of CFD instruments across multiple asset classes all from a single platform with customizable settings, no strategy restrictions, low slippage, and ultra-fast order execution.

 

👉 BDSwiss Mobile has an intuitive interface that enables traders to access, monitor, and manage their trading positions easily while on the move. In addition, Nigerians can make use of the same market monitoring capabilities and trading tools that are accessible on the web-based platform.

 

👉 Traders have access to the trading account dashboard to make withdrawals and deposits. All assets, including forex, CFDs, and cryptocurrencies, are supported. The BDSwiss proprietary mobile app can be downloaded from the respective app stores for Android and iOS.

 

Range of Markets

👉 BDSwiss offers Nigerian traders the following range of tradable markets:

➡️ Forex

➡️ Commodities

➡️ Shares

➡️ Indices

➡️ Cryptocurrencies

Broker Comparison for Range of Markets

BDSwissFidelityeToro
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesNoNo
➡️️​ ETFsNoYesYes
➡️️​ CFDsYesNoYes
➡️️​ IndicesYesNoYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesNoYes
➡️️​ OptionsNoYesNo
➡️️​ EnergiesYesNoYes
➡️️​ BondsNoYesNo

Overall Rating

Min Deposit

USD 100 / 41459 NGN

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Trading and Non-Trading Fees

BDSwiss Review Fees

Spreads

👉 BDSwiss charges variable spreads, which vary according to the account type, financial instrument, and market circumstances on the trading day. Nigerian investors can anticipate the following typical spreads:

➡️ Classic Account – 1.5 pips EUR/USD

➡️ Premium Account – 1.1 pips EUR/USD

➡️ VIP Account – 1.1 pips EUR/USD

➡️ RAW Account – 0.3 pips EUR/USD

 

Commissions

👉 Commissions are charged by BDSwiss on specific accounts and financial products to offset broker costs. Traders may anticipate the following commissions, which vary depending on the kind of account:

➡️ Classic Account – $2 on indices and 0.15% on shares

➡️ VIP Account – 0.15% on shares

➡️ RAW Account – $2 on indices, $5 on forex pairs, 0.15% on shares

 

Overnight Fees, Rollovers, or Swaps

👉 Positions left open overnight are subject to overnight costs, which are typically -0.5 pips on a short swap and -7.0 pips on a long swap, no matter what kind of trading account is being utilized. Other typical overnight Fees include:

➡️ GBP/USD – a short swap of -0.7 and a long swap of -6.7

➡️ USD/JPY – a short swap of -10.8 and a long swap of 0.05

➡️ USD/HKD – a short swap of -8.5 and a long swap of -20.0

➡️ USOIL – a short swap of -23.0 and a long swap of -39.0

➡️ XAU/USD – a short swap of -3.5 and a long swap of -8.2

➡️ XAG/USD – a short swap of -0.05 and a long swap of -0.25

➡️ Stocks – a short swap of -2.0 and a long swap of -4.0

➡️ NAS100 – a short swap of -4.1706 and a long swap of -3.2694

➡️ Cryptocurrencies – short swaps of -100% and long swaps of -100%

 

Deposit and Withdrawal Fees

👉 BDSwiss does not apply any deposit fees but there is a fee when traders withdraw less than 100 EUR, subject to a fee of 10 EUR per withdrawal that falls below this minimum.

 

Other Fees

👉 Currency translation costs apply to deposits made by Nigerian traders in any currency other than British pounds, Euros, or US dollars. If an account is idle for more than three months, BDSwiss charges an inactivity fee of 10%.

How to Deposit Funds with BDSwiss

👉 To deposit funds, Kenyan traders can follow these steps:

➡️ Log into the BDSwiss profile and select the account to be funded by selecting “Payments” and then “Deposits.”

➡️ Indicate the amount to deposit.

➡️ Choose a payment method and click on “Proceed to Pay.”

➡️ Confirm the deposit details on the next page and follow any additional steps that could be required by the payment provider.

How to Withdraw Funds with BDSwiss

👉 Traders can obtain the option to withdraw money from the appropriate menu by logging onto their secure client site. If Nigerians want to withdraw money from the trading account, they should be sure it has been validated first.

 

👉 Nigerians traders must use the same deposit method that was used to fund their accounts to withdraw funds. The trader must then indicate how much money they intend to withdraw and follow any extra instructions.

 

👉 Traders may submit their withdrawal request after they have finished it, and the appropriate department will take care of it.

BDSwiss Education and Research

BDSwiss Review Education And Research

👉 BDSwiss offers the following Educational Materials:

➡️ A learning centre

➡️ Forex eBooks

➡️ Live Education

➡️ Forex Basic Lessons

➡️ Forex Glossary

➡️ Educational Videos

➡️ Seminars

 

👉 BDSwiss offers Nigerian traders the following Research and Trading Tools:

➡️ Daily Analysis on the markets

➡️ Technical Analysis

➡️ Daily Videos

➡️ Weekly Outlook

➡️ Market Insights

➡️ Special Reports

➡️ Analyst financial commentary

➡️ Live Daily Webinars

➡️ Economic Calendar

➡️ VPS Service

➡️ Trade Comparison

➡️ Trend Analysis

➡️ Trading Central

➡️ AutoChartist

➡️ Real-Time Trading Alerts

➡️ Currency Heatmap

➡️ Trading Calculators

How To Minimize Risk While Trading? 

How To Minimize Risk While Trading? 

1. Use Stop Losses

👉 A stop loss is a trading technique that takes you out of losing trades at a predetermined level in order to limit your losses. Utilize stop losses to ensure a 1:1 risk-reward ratio and above in all your trades in order to limit losses and maximize profits on each trade. For example, if you’re setting your stop loss at 50 pips below your entry point, set your take profit at least 50 pips above your entry point.

 

👉 A 1:2 risk-reward ratio and above will ensure that you remain profitable even if the majority of your trades are losing trades. Using a 1:2 risk-reward ratio means that you should place your stop loss at 100 pips if you have a profit target of 200 pips and so on.

 

👉 If you are a more aggressive trader, you can use a 1:3 risk-reward ratio, where you risk 100 pips for a profit target of 300 pips.

 

2. Use Proper Lot Sizes

👉 Trading using proper lot sizes is crucial to your success as a trader. That’s because the lot size determines the value of each point of the currency pair you are trading. A standard lot typically refers to 100,000 units of the base currency you are trading. Therefore, trading a standard lot of the EURUSD currency pair puts the value of each point at USD 100.

 

👉 The lot sizes you trade should be proportionate to the amount you are willing to risk on each trade, which is directly related to the size of your account and your risk appetite.

 

3. Control Your Losses

👉 You should only risk 2% or less of your trading account on each trade. This will ensure that you can survive any losing streak while minimizing the drawdown on your trading account.

 

👉 Remember: losses in forex trading are not linear. A 50% loss would require a 100% gain in order to recover your original trading account level.

 

4. Use Leverage Carefully

👉 Most forex brokers offer to trade with leverage, and with Exness traders can enjoy up to 1:Unlimited leverage. While trading with leverage is one of the great advantages of trading forex, it can also increase the risk of losses if used incorrectly. Leverage works as a ratio, meaning that if you trade with USD 10 at a leverage of 1:50 your market investment will be USD 500. This means that, if your investment moves in a favourable direction, your profits would be 50x bigger than they would have been without leverage. However, this also means that your losses if the currency moves in an unfavourable direction would be 50x greater as well. Traders are therefore reminded to apply leverage with care.

 

5. Choose The Time Of Day That You Trade

👉 Most traders tend to ignore the impact of the time of day that they trade. However, traders who are active during periods of less volatility tend to be more profitable than traders who trade during periods of high volatility.

 

👉 The high volatility periods for different currency pairs vary, but can generally be summarized as the opening hours of the Asian sessions, the London/European sessions, and the New York/American sessions.

 

👉 Experienced traders who are trading European currency pairs, such as EURUSD and GBPUSD, typically trade during off hours from 7PM to 11AM GMT. However, this data applies to range of traders who trade following the existing trends but might differ for traders using other trading strategies, such as scalping.

 

6. Buy The Rumor, Sell The News

👉 Many traders like to stay abreast of news that affects the forex market, but this is very hard to do given that it is near-impossible to accurately predict what will happen at any given time across the globe. However, experienced traders typically keep abreast of economic releases from different countries, which generally have an impact on many currency pairs.

 

👉 In most cases, markets typically discount the news based on investors’ expectations, which means that by the time the news is released, the big moves in the affected currency pairs would have already taken place. Therefore, it is important to make trades related to major news events way before the actual news is released.

Alternative Brokers to BDSwiss

Alternative Brokers to BDSwiss

➡️ TD Ameritrade

➡️ AvaTrade 

➡️ ACY Securities

➡️ FXCM

➡️ Pepperstone

➡️ Webull

All About BDSwiss’ Rebate System

All About BDSwiss' Rebate System

How much rebate can I pay back?

👉 Rebate percentage can be set to be anything between 0% and 100%.

 

Payment schedule

👉 Rebates are paid daily to the selected referred clients who have closed any trades within the last 24 hours. Daily payments need to be approved by the partner.

 

👉 Once rebates are set up from your PA, rebates will be automatically calculated for the selected referred clients every time you receive rewards. Total daily rebates will then await your approval in the Approval section of the Rebates tab, or be automatically distributed if you have selected automated approval on rebates for specific referred clients; more information about this is available in the article about how to manage rebates.

Overall Rating

Min Deposit

USD 100 / 41459 NGN

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

BDSwiss Affiliate Program

BDSwiss Review Affiliate Program

👉 Affiliates of the BDSwiss network could include anybody who has a large online presence, such as a blog, social media account, instructional Forex center, or any other digital media. One of the advantages of the affiliate program is the opportunity to earn money while promoting BDSwiss’ products and services to the affiliate’s target audience.

 

👉 Affiliates may use a variety of BDSwiss marketing and tracking tools to help spread the word about BDSwiss. For partners to profit from the affiliate’s influence, they must learn about BDSwiss affiliate commission choices via the affiliate’s program.

 

👉 The following are the benefits that BDSwiss gives to its affiliates:

➡️ One of the best conversion rates (37%), quick onboarding of referrals, specialized contact centers, and a variety of local and international payment options are all contributing to this success.

➡️ Over 250 CFDs and assets from various asset classes are available as part of our multi-product solutions. Multi-award-winning platforms are also available on a variety of platforms.

➡️ A 100% response rate with response times of 13 seconds or less. Affiliate managers are available, as well as personal account managers for VIP referrals.

➡️ Ad serving, tracking, and management are all essential components of the finest tracking systems.

➡️ In addition, BDSwiss provides independent mobile traffic monitoring, rapid and thorough reporting performance, and other features.

BDSwiss Social Responsibility

BDSwiss Review Social Responsibility

👉 As a company, BDSwiss is committed to maintaining a strong sense of social responsibility. Instilling the same philanthropic principles in workers and fostering an organizational culture that supports significant global and local activities focused on producing good change are two of the ways that BDSwiss achieves this.

 

👉 In December 2021, for the third year in a row, BDSwiss donated €5,000 to the “Elpida” Foundation for Children with Cancer & Leukaemia as part of its CSR activities. Children receiving cancer treatment and their families received financial and psychological support from the hospital because of this generous donation.

 

👉 In addition, BDSwiss held a blood donation campaign in Limassol on December 10, 2021, as part of its continued commitment to corporate social responsibility. By giving blood and organizing the camp, BDSwiss’ workers, colleagues, friends, and family members were all involved in the effort.

Verdict on BDSwiss

👉 As a multi-regulated broker, BDSwiss offers an excellent selection of instruments to trade across a wide variety of assets. In addition to strong trading platforms, they provide a wealth of instructional resources.

 

👉 It is easy to switch between accounts based on your requirements, and customer service is quick and kind. In addition, the BDSwiss platforms provide a large choice of stocks and commodities for traders to choose from. Day traders will like the frequent trader seminars and the ease with which they may pick up new skills on the platforms.

BDSwiss Current Popularity Trend

👉 According to Google Trends, BDSwiss has increased in Google searches in Nigeria in the past month. 

Exness Current Popularity Trend

BDSwiss Pros and Cons

✔️ Pros❌ Cons
BDSwiss is one of the trusted forex brokers with a high trust score that provides client protectionThere are high minimum deposits on more premium accounts
There are commission-free options offeredFixed spreads are not offered
There are competitive conditions with tight spreads and low commissionsThere are some regional restrictions applied to some countries
BDSwiss has a large client base spread across the globeThe raw spreads are not the tightest
There are more than 250 CFDs to trade and several financial assets and classesBDSwiss does not offer a deposit bonus or any other initiative
BDSwiss offers a high maximum leverage ratio up to 1:1000Does not offer a specific Nigerian client or terminal
Accepts electronic payments from Skrill, Neteller, and other trusted methodsCurrency conversion fees are charged
Offers a powerful proprietary trading platform along with MetaTrader 4 and 5There is an inactivity fee charged on dormant accounts
There is a massive selection of educational material and trading tools, covering all aspects of tradingWithdrawal fee applied on the bank wire withdrawal option for certain amounts
Provides advanced charting tools and analytical material There are no Nigerian Naira deposits allowed and there is no NGN account offered
Deposit fees are not charged on deposit methodsThere is no desktop version of the proprietary trading platform
Offers a demo account and Islamic Account
BDSwiss offers a decent range of payment methods
There is a choice between dynamic retail investor accounts

Frequently Asked Questions

Is BDSwiss regulated and by whom?

Yes, BDSwiss is regulated by CySEC, FSC, BaFIN, and FSA.

Does BDSwiss offer leverage and what is the maximum ratio offered?

Yes, BDSwiss offers maximum leverage up to 1:1000.

Which trading platforms are supported by BDSwiss?

BDSwiss supports the use of these trading platforms:

  • MetaTrader 4
  • MetaTrader 5
  • BDSwiss Mobile
  • BDSwiss Web

What is the overall rating for BDSwiss out of 10?

The overall rating for BDSwiss is 9/10.

Is BDSwiss suitable for beginner and professional traders?

Yes, BDSwiss is an ideal broker that can be used by beginner and professional traders.

9.4/10 - (17 votes)

Table of Contents

Menu