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BD Swiss-review

BDSwiss Review

BDSwiss is a well-known STP and ECN broker with offices in Cyprus, Mauritius, and Seychelles. It is regulated in all three countries and has offices in over 10 locations. BDSwiss is a well-regulated broker and can offer its services in Nigeria according to the regulatory framework in place in the country despite not being regulated by the Central Bank of Nigeria (CBN).

July 20, 2022
Updated : July 20, 2022

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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 at a 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

BDSwiss Review – 15 key points quick overview:

  1. ✅BDSwiss Overview
  2. ✅Regulation and Safety of Funds
  3. ✅Account Types and Features
  4. Account Registration
  5. BDSwiss VS Fidelity VS eToro – Comparison Table
  6. Trading Platforms
  7. Range of Markets
  8. BDSwiss VS Fidelity VS eToro – Comparison for Range of Markets
  9. Trading and Non-Trading Fees
  10. Deposits and Withdrawals
  11. Education and Research
  12. BDSwiss Affiliate Program
  13. Verdict on BDSwiss
  14. BDSwiss Pros and Cons
  15. Frequently Asked Questions

 

BDSwiss Overview

👉 While BDSwiss does not accept deposits in Nigerian Naira or offer an associated account, Nigerian traders can make deposits in other currencies to fund their trading accounts.

🥇 Multi-Award-Winning Broker BDSwiss is recognized for its extensive selection of markets, sophisticated and dependable trading platforms as well as comprehensive instructional resources and materials.

👉 Broker BDSwiss is well-known for its wide range of trading options and favorable trading conditions. More than a million people have signed up to utilize the broker’s trading systems, making it one of the finest in the business.

👉 BDSwiss has a monthly trading volume that exceeds $84 billion, according to data on the year-to-date trading activities as reported by BDSwiss. BDSwiss has more than 17,500 partnerships, further showing its credibility and innovation as an online brokerage firm.

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

Distribution of Traders

BDSwiss has more than 1.5 million registered traders from 186 worldwide countries as of 2020, according to the official website. The distribution of traders that use the BDSwiss website is as follows:

➡️️ Italy – 14.32%

➡️️ Germany – 12.96%

➡️️ Canada – 6.28%

➡️️ Thailand – 5.28%

➡️️ France – 4.54%

Popularity among traders who choose BDSwiss

🥇 BDSwiss is a prominent international broker that welcomes traders from around the world. Because of its trading conditions, trading platforms, and overall offering, BDSwiss forms part of the Top 40 brokers.

Regulation and Safety of Funds

BDSwiss Regulation

👉 BDSwiss forms part of BDSwiss Group and it is a leading financial institution that offers both forex and CFD instruments that can be traded across several asset classes. BDSwiss is a well-established brand with award-winning conditions, leading trading platforms, and competitive pricing.

👉 BDSwiss may not be regulated by the Central Bank of Nigeria (CBN) to offer its services to Nigerian traders, but it is still regulated by other reputable entities that oversee its activities. BDSwiss forms a part of a globally operating group that is based in Switzerland.

👉 BDSwiss does not have a dedicated office in Lagos, Nigeria but has offices in over 10 locations globally. The regulation and authorization that BDSwiss holds include the following:

➡️️ BDSwiss Holding Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus under license number 199/13.

➡️️ BDS Markets is regulated as an investment dealer through the Financial Services Commission under license number C116016172.

➡️️ BDSwiss GmbH is an entity regulated by the Federal Financial Supervisory Authority (BaFIN) under registration number HRB 160749B.

➡️️ BDS Ltd is authorized and regulated by the Financial Services Authority (FSA) in Seychelles under license number SD047.

👉 As a result of the EU’s Markets in Financial Instruments Directive (MiFID), BDSwiss Holding PLC is obligated to provide regulatory disclosures that are more uniform throughout the EU’s financial markets.

👉 Investment services, investment activities, and the operation of the regulated markets must all be according to all applicable European and local laws and regulations since they are regulated investment businesses.

👉 Neither BDSwiss nor its clients have access to the money held by the firm. A top-tier bank segregates them from other funds so that they cannot be utilized for operating expenses. An easy and quick withdrawal of monies for customers should be a goal of every business.

👉 All customer data is encrypted using the most advanced security technologies and is not shared with any third parties whatsoever.

Account Types and Features

BDSwiss Account Types

BDSwiss currently offers four distinct retail investor accounts that can be used to access over 250 financial instruments in different financial markets. The accounts offered are:

➡️️ Classic Account

➡️️ Premium Account

➡️️ VIP Account

➡️️ RAW Account

👉 According to the BDSwiss official website, there is a provision made for a Cent Account. However, there is no information on this account type now, which means that this is still in progress.

👉 Nigerian traders who are interested in the Cent Account option from BDSwiss can follow the broker or opt for email newsletters to receive updates on this account option.

Live Trading Accounts

➡️️ Classic Account

The BDSwiss Classic Account is an entry-level account that suits most retail traders.

Account FeatureValue
📈 Average Spread on EUR/USD1.5 pips
📈 Maximum Leverage1:500
🔆 Tradable InstrumentsOver 250
📈 Available AssetsForex CFDs
Stocks CFDs
Indices CFDs
Commodities CFDs
Cryptocurrencies CFDs
🔎 Commissions per round lot$2 on Indices
0.15% on Shares
✴️ Margin Call50%
📊 Stop-out level20%
💳 Instant Withdrawals offered?Yes, only on credit cards up to 2,000 €/$/£
💳 0% fees on Deposits and CC Withdrawal? Yes
💻 Platforms availableAll
📊 Are trading alerts offered?Limited Access granted
📈 AutoChartist Performance Stats offered?Yes, with a 208,500 NGN minimum deposit
🎓 Personal Account ManagerYes, with a 417,000 minimum deposit
💻 Priority ServiceNo
📈 AutoChartist Standard ToolsYes
🚀 Access to Trading Central?Yes
📊Trading Academy and Live WebinarsYes
📊Trade Companion offered?No
☪️ Islamic Account option?Yes
🔎 VIP WebinarsNo
👨‍💼 24/5 Customer Service and Support?Yes
💳 Minimum deposit requirement41,000 NGN

➡️️ Premium Account

The Premium Account is the next account level that caters to more advanced traders who need additional benefits and features.

💠 Account Feature💰 Value
📈 Average Spread on EUR/USD1.1 pips
📈 Maximum Leverage1:1000
🔆 Tradable InstrumentsOver 70
📈 Available AssetsForex CFDs
Commodities CFDs
🔎 Commissions per round lotNone
✴️ Margin Call50%
📊 Stop-out level20%
💳 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💳 0% fees on Deposits and CC Withdrawal? Yes
💻 Platforms availableBDSwiss Web, BDSwiss Mobile, MetaTrader 4
📊 Are trading alerts offered?Limited Access granted
📈 AutoChartist Performance Stats offered?Yes, with a 208,500 NGN minimum deposit
🎓 Personal Account ManagerYes, with a 417,000 minimum deposit
Priority ServiceNo
📈 AutoChartist Standard ToolsYes
🚀 Access to Trading Central?Yes
📊Trading Academy and Live WebinarsYes
📊Trade Companion offered?No
☪️ Islamic Account option?Yes
🔎 VIP WebinarsNo
👨‍💼 24/5 Customer Service and Support?Yes
💳 Minimum deposit requirement41,000 NGN

➡️️ VIP Account

The VIP is the professional account that is suited to seasoned and professional traders who need the best trading conditions.

💠 Account Feature💰 Value
📈 Average Spread on EUR/USD1.1 pips
📈 Maximum Leverage1:500
🔆 Tradable InstrumentsOver 250
📈 Available AssetsForex CFDs
Stocks CFDs
Indices CFDs
Commodities CFDs
Cryptocurrencies CFDs
🔎 Commissions per round lot0.15% on Shares
✴️ Margin Call50%
📊 Stop-out level20%
💳 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💳 0% fees on Deposits and CC Withdrawal? Yes
💻 Platforms availableAll
📊 Are trading alerts offered?VIP Access
📈 AutoChartist Performance Stats offered?Yes
🎓 Personal Account ManagerYes, with a 417,000 minimum deposit
Priority ServiceYes
📈 AutoChartist Standard ToolsYes
🚀 Access to Trading Central?Yes
📊Trading Academy and Live WebinarsYes
📊Trade Companion offered?Yes
☪️ Islamic Account option?Yes
🔎 VIP WebinarsYes
👨‍💼 24/5 Customer Service and Support?Yes
💳 Minimum deposit requirement1,251,150 NGN (equivalent to $3,000)

➡️️ Raw Account

The Raw Account is known for its tight spreads and low trading costs, allowing high-frequency traders, active traders, scalpers, and other day traders to benefit from the small movements in the market.

💠 Account Feature💰 Value
📈 Average Spread on EUR/USD0.3 pips
📈 Maximum Leverage1:500
🔆 Tradable InstrumentsOver 250
📈 Available AssetsForex CFDs
Stocks CFDs
Indices CFDs
Commodities CFDs
Cryptocurrencies CFDs
🔎 Commissions per round lot$2 on Indices
$5 on all forex currency pairs
0.15% on Shares
✴️ Margin Call50%
📊 Stop-out level20%
💳 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💳 0% fees on Deposits and CC Withdrawal? Yes
💻 Platforms availableBDSwiss Mobile, BDSwiss Web, MetaTrader 4
📊 Are trading alerts offered?VIP Access
📈 AutoChartist Performance Stats offered?Yes
🎓 Personal Account ManagerYes
Priority ServiceYes
📈 AutoChartist Standard ToolsYes
🚀 Access to Trading Central?Yes
📊Trading Academy and Live WebinarsYes
📊Trade Companion offered?Yes
☪️ Islamic Account option?No
🔎 VIP WebinarsYes
👨‍💼 24/5 Customer Service and Support?Yes
💳 Minimum deposit requirement2,085,250 NGN (equivalent to $5,000)

➡️️ 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.

 

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

 

➡️️ 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.

👉 The Islamic Account option is offered to retail Muslim traders on the Classic, Premium, and VIP account options while Raw Account holders cannot convert their accounts.

Account Registration

👉 BDSwiss has a short application form that only takes a few minutes to complete. Traders must provide some basic details and verify their email addresses. Once traders have completed the application, they must provide proof of their identity and residential address to complete the Know Your Customer (KYC) process.

👉 Once the documents have been verified, the account will be approved, and Nigerian traders can fund the trading account to start trading.

BDSwiss VS Fidelity VS eToro – Comparison Table

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 Trading platforms

BDSwiss offers the use of the following trading platforms:

➡️️ MetaTrader 4

➡️️ MetaTrader 5

➡️️ BDSwiss Mobile

➡️️ BDSwiss Web

👉 MetaQuotes invented the MT4 trading platform, which is widely regarded as the most popular in the world. MetaTrader is one of the most powerful trading platforms on the market because of MetaQuotes’ continual investment in platform development, testing, and enhancements.

👉 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.

👉 It has real-time quotes, customizable charts with numerous timeframes and various technical indicators, several trade order/execution types, notifications, a news feed, automated trading, and many other features. It is now possible to do in-depth market research and trading thanks to the availability of all necessary resources.

👉 MetaTrader 5 is the updated version of the MetaTrader 4 trading platform and a more powerful version of it. A few more features, such as more complex trading tools and indicators to aid market analysis and trading, are included in the newer version.

👉 With MetaTrader 5, 100 charts may be shown at once, sophisticated order types can be used with the charts, and there are more than 80 technical indicators, 40 analytical objects, and a variety of charting and analysis choices.

👉 MT5 and a wider range of trading instruments in more markets, including multi-asset trading on over 250 CFDs, are now available to BDSwiss customers.

👉 Between 2018 and 2019, the BDSwiss Mobile App, which was built exclusively in-house, took home the best mobile trading app prize at the mobile star awards on two separate occasions. Traders can use the app to remain updated on market movements, using the same features offered on the desktop app.

👉 In terms of BDSwiss web, traders have the benefit that they trade from any browser or operating system using this comprehensive and innovative trading terminal.

👉 The WebTrader has a wide variety of trading tools, indicators, automatic trading, and an order window, among other things. More than a quarter of the world’s languages are supported, and the BDSwiss App and MT4 are completely integrated.

Range of Markets

Nigerian traders have access to a wide range of markets spread across these asset classes:

➡️️ Forex major pairs, minor currency pairs, and exotic pairs

➡️️ Commodities

➡️️ Shares

➡️️ Indices

➡️️ Cryptocurrencies

BDSwiss VS Fidelity VS eToro – Comparison for Range of Markets

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

Trading and Non-Trading Fees

Spreads

👉 Traders can expect variable spreads from BDSwiss, and these charges will depend on the account type, financial instrument, and the market conditions on the trading day. Nigerian traders can expect some of the following average 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

👉 BDSwiss charges commissions on certain accounts and financial instruments, covering the broker fees for facilitating the trade. Traders can expect these typical commissions per account type:

➡️️ 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

👉 Overnight fees apply to all positions that are held open overnight and the typical overnight fee on EUR/USD, for instance, is -0.5 pips on a short swap and -7.0 pips on a long swap, regardless of the trading account used.

Deposit and Withdrawal Fees

👉 BDSwiss does not charge deposit fees or withdrawal fees on credit card payments. However, there is a minimum withdrawal and associated fee when traders use bank wire transfer for amounts that are equal to, or less than 100 EUR, there is a flat fee of 10 EUR charged per minimum withdrawal.

Other Fees

👉 Nigerian traders are subject to currency conversion fees if they make deposits in any currency other than GBP, EUR, or USD. In addition, BDSwiss also applies an inactivity fee of 10% if accounts go dormant after three consecutive months.

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

Deposits and Withdrawals

BDSwiss Deposit

➡️️ BDSwiss offers the following deposit and withdrawal methods through popular payment processors:

✅ Bank wire transfer

✅ Debit Card

✅ Credit Card

✅ Skrill

✅ Neteller

BDSwiss withdrawals

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

Education and Research

BDSwiss Research

BDSwiss offers a comprehensive educational section that offers a wide range of educational material including:

✅ A learning centre that provides an ideal introduction to trading

✅ Forex eBooks

✅ Live Education

✅ Forex Basic Lessons

✅ Forex Glossary

✅ Educational Videos

✅ Seminars

The research materials and tools that BDSwiss offers include:

✅ Daily Analysis on the markets

✅ Technical Analysis

✅ Daily Videos

✅ Weekly Outlook

✅ Market Insights

✅ Special Reports

✅ Analyst financial commentary and insight on complex instruments

✅ Live Daily Webinars

✅ Economic Calendar

✅ VPS Service

✅ Trade Comparison

✅ Trend Analysis

✅ Trading Central

✅ AutoChartist

✅ Real-Time Trading Alerts

✅ Currency Heatmap

✅ Trading Calculators

BDSwiss Affiliate Program

BDSwiss Affiliate Program

👉 Anyone with a significant online presence, whether it is through a website, social media accounts, educational Forex centers or other digital media, is eligible to join the BDSwiss affiliate program. Referring the goods and services of BDSwiss to the audience of the affiliate in addition to earning competitive commissions is one of the benefits of the affiliate program.

👉 BDSwiss provides a wide range of marketing and tracking tools to help affiliates promote BDSwiss to their customers. The affiliate program helps partners make money from the affiliate’s influence by learning about the BDSwiss affiliate commission options.

👉 BDSwiss offers affiliates the following:

➡️️ The highest conversion rate (37%) with easy onboarding of referrals, dedicated call centres, and multiple local and international payment methods.

➡️️ Multi-product solutions that include tailored account types, over 250 CFDs and tradable assets spread across several asset classes. There are also multi-award-winning platforms offered across devices.

➡️️ A 100% response rate with response times within 13 seconds. There are dedicated affiliate managers offered in addition to personal account managers that cater for VIP referrals.

➡️️ The best tracking solutions include ad serving, tracking, and managing. BDSwiss also offers independent mobile traffic tracking, fast and comprehensive reporting performance, and more.

Verdict on BDSwiss

👉 BDSwiss is a popular and reputable international broker that offers Nigerian traders comprehensive trading solutions. While Nigerians cannot trade in their local currency, they have the option to register a trading account in USD, GBP, or EUR.

👉 Beginner traders have access to a wide range of educational materials while advanced traders are granted access to a selection of advanced research tools, advanced trading tools, and comprehensive analysis.

👉 Client funds remain secure with top-tier banks and BDSwiss has the necessary regulation and authorization to offer its services globally, making it a trustworthy broker.

 

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 a fake or scam broker?

No, our review of BDSwiss reveals that it is not considered a scam broker as it adheres to regulation as exercised by these regulatory bodies:  CySEC, FSC, BaFIN, and FSA.

What are the spreads that BDSwiss charges?

The average spreads charged by BDSwiss are:

  • 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

What is the overall rating for BDSwiss out of 10?

The overall rating for BDSwiss is 9/10.

How long does a withdrawal from BDSwiss take?

BDSwiss withdrawals are processed in 24 working hours. The time it takes for the funds to reflect in your account depends on the timeframe of your Bank and the withdrawals method used.

What are the withdrawal options available from BDSwiss?

Withdrawal options include Credit Card, Mastercard, Sofort, Western Union, Skrill, Ideal, EPS, Giropay, Postepay, Dotpay, Webmoney.

 
9.4/10 - (17 votes)

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