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BDSwiss Minimum Deposit

The minimum deposit amount required to register a live trading account is $100, this minimum deposit is equivalent to 41 565 NGN at the current exchange rate between the US Dollar and the Nigerian Naira at the time of writing.

BDSwiss Minimum Deposit Main Banner
Updated : August 12, 2022

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005 regulations book

Minimum Deposit Overview

005 feature selection

Deposit Fees and Methods

001 cash withdrawal

Step By Step guide to depositing the Minumum Deposit

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

BDSwiss Minimum Deposit VS other brokers

BDSwissAvaTradeXM
💳 Minimum Deposit$100 / 41 565 NGN$100 / 41565 NGN$5 / 2078 NGN

BDSwiss Minimum Deposit Overview

👉 BDSwiss charges a minimum deposit amount starting from 100 USD.

 

👉 Nigerian traders can expect flexible minimum deposit requirements according to the account type that they register. These are as follows:

➡️ Classic Account – 41,000 NGN or equivalent to $100

➡️ Premium Account – 41,000 NGN or equivalent to $100

➡️ VIP Account – 1,200,000 NGN or equivalent to $3,000

➡️ Raw Account – 2,080,000 NGN or the equivalent to $5,000 at the current exchange rate between the US Dollar and the Nigerian Naira.

 

👉 BDSwiss offers its services to Nigerian traders and while the broker is not regulated or authorized directly by the Central Bank of Nigeria (CBN), it has the necessary permission to offer CFD and forex instruments in the country.

 

👉 BDSwiss must retain all client money in segregated accounts, distinct from the broker account, to maintain the relevant licenses, authorizations, and regulations to operate and provide financial services.

 

👉 Traders’ money can only be utilized for trading operations and must always be available to customers if they wish to withdraw their funds. These rules and regulations ensure that BDSwiss is fully compliant in terms of providing investment services, conducting investment operations, and operating in regulated markets.

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

Deposit fees and deposit methods

BDSwiss Minimum Deposit Methods

👉 BDSwiss does not subject Nigerian traders to any deposit fees when they fund their trading account with the minimum deposit amount. Traders can use any of the following payment methods:

➡️ Bank wire transfer

➡️ Debit Cards

➡️ Credit Cards

➡️ Skrill

➡️ Neteller

👉 When traders deposit the minimum deposit, they can use the following deposit currencies:

➡️ USD

➡️ GBP

➡️ EUR

Step by step guide to depositing the minimum amount

👉 Funding your account with BDSwiss consists of the following 3 easy steps:

👉 Step 1 – Login to your Profile.

BDSwiss Minimum Deposit Methods Step 1

➡️ Go to BDSwiss website and log in to your personal profile.

👉 Step 2: Select the account that you wish to fund & the deposit amount

BDSwiss Minimum Deposit Methods Step 2

➡️ Fill in the necessary details which include your preferred account and the amount you wish to deposit.

👉 Step 3 –  Choose your preferred deposit method and proceed to pay.

BDSwiss Minimum Deposit Methods Step 3

➡️ Fill in the requested details pertaining to your preferred payment method, eg. card details, after which you proceed to make the payment.

BDSwiss Pros and Cons

✔️ Pros❌ Cons
There is a selection of reliable funding options offeredThere are limited deposit currencies and NGN is not an accepted currency
BDSwiss allows for quick and easy deposits as well as withdrawalsThere are higher minimum deposit requirements on more advanced account types
There is an average minimum deposit required on entry-level accounts
There are no fees on deposits

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

👉 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.

Frequently Asked Questions

Can I make the minimum deposit in Nigerian Naira?

No, you can only make the BDSwiss minimum deposit in GBP, USD, or EUR.

How do you make a deposit and withdraw money with BDSwiss?

  • Bank wire transfer
  • Debit Cards
  • Credit Cards
  • Skrill
  • Neteller

What is the minimum deposit required to open an account with BDSwiss in NGN and USD?

41,000 Nigerian Naira or a trading account currency equivalent in GBP, USD, or EUR.

Are there local Nigerian deposit and withdrawal methods offered?

Not specifically, no.

Does BDSwiss charge withdrawal fees?

No, BDSwiss does not levy withdrawal fees on amounts more than 100 GBP/USD/EUR. If traders remove less than this amount, a cost of 10 EUR will be charged through bank wire transfer, while other payment methods will charge a fee of 20 EUR.

How long does it take to make a withdrawal?

This will depend on the withdrawal method, but some can take up to 5 working days, such as Bank Wire Transfer.

9.5/10 - (18 votes)

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