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BDSwiss Demo Account

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BDSwiss offers a free demo account. Demo accounts can also be created from the Classic Account option. The BDSwiss Demo account interface is beneficial not only for new traders but for experienced traders as well. 

Updated : August 12, 2022

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005 regulations book

Demo Account Overview

005 feature selection

Demo Account Features

001 cash withdrawal

How to set up a demo account

004 review

Pros and Cons

008 auction

Final Verdict

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

🏛️ 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 Demo Account Overview

👉 BDSwiss does have a free demo account. Practice trading and analysis in a risk-free environment. The Demo account never expires. The demo account allows you to make a full evaluation of BDSwiss and its trading platforms.

BDSwiss Demo Account Features

BDSwiss Demo Account Features

👉 Demo accounts are practice accounts that enable traders to access the real market without putting their money at risk by using a predetermined quantity of virtual funds.

 

👉 When trading in financial markets, there is a degree of risk. The demo account is a risk-free platform that may be used by novices to practice trading. Before opening a live account, traders may utilize this together with BDSwiss’ instructional materials and tools to learn the ropes.

 

👉 However, a sample account is not only for newbies; it is a great tool for experienced traders as well. The demo account provides a risk-free environment for traders to improve and test their trading methods in real-time without putting their money at risk.

How to set up a Demo Account – Step by Step for Nigerians

To register for, and set up a demo account with BDSwiss, free of charge, traders must visit the website and follow these simple steps:

👉 Step 1: Go to the BDSwiss website and select “Try Demo account”.

BDSwiss Demo Account How To Register Step 1

“Try demo account” can be found under the blue sign-up button on the homepage.

👉 Step 2: Complete the online application and registration

BDSwiss Demo Account How To Register Step 2

To complete the registration process provide the personal details as requested and verify your profile with the verification number send to your phone.

👉 Step 3: Verify your account

BDSwiss Demo Account How To Register Step 3

This is a mandatory step. Submit all requested documents to BDSwiss for verification purposes.

👉 Step 4: Receive your login credentials and log in to your profile.

BDSwiss Demo Account How To Register Step 4

Upon approval of your account you will receive login credentials to start trading with your new account.

👉 Step 5: Access your Demo account

BDSwiss Demo Account How To Register Step 5

Go to your dashboard where you can view the details of your newly created demo account.

BDSwiss Pros and Cons

✔️ Pros❌ Cons
The demo account can be set up very quicklyThere may be some restrictions on the demo account and its availability across all live account types
BDSwiss offers powerful trading technology
The practice account is suited to both beginner traders and professionals
BDSwiss supports a range of trading strategies

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 Final Verdict

👉 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.

Frequently Asked Questions

Does BDSwiss offer a Nigerian Naira Account?

No, BDSwiss does not offer an NGN, Nigerian Naira trading account.

Which live trading accounts does BDSwiss offer?

BDSwiss offers the following live trading accounts: Classic Account, Raw Account and the VIP Account. 

Does BDSwiss offer an Islamic Account?

Yes, BDSwiss offers an Islamic Account to Muslim traders in Nigeria. 

Does BDSwiss offer a demo account?

Yes, BDSwiss offers a demo account.

9.6/10 - (11 votes)

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