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.
Minimum Deposit Overview
Deposit Fees and Methods
Step By Step guide to depositing the Minumum Deposit
Pros and Cons
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
|🏛️ Nigerian Based Office||No|
|👍 Accepts Nigerian Traders?||Yes|
|📅 Year Founded||2012|
|📱 Nigerian Office Contact Number||None|
|⚖️ Regulation||CySEC, FSC, BaFIN, FSA|
|🔎 License Number||Cyprus – 199/13
Mauritius – C116016172
Germany – HRB 160749B
Seychelles – SD047
|⚖️ CBN Regulation||None|
|✴️ Regional Restrictions||The United States, Belgium, and other OFAC sanctioned regions|
|☪️ Islamic Account||Yes|
|📈 Demo Account||Yes|
|📈 Retail Investor Accounts||4|
|📊 PAMM Accounts||None|
|📊 Liquidity Providers||None indicated|
|💸 Affiliate Program||Yes|
|📊 Crypto trading offered?||Yes|
|🚀 Offers a Nigerian Account?||No|
|💻 Dedicated Nigerian Account Manager?||No|
|📈 Maximum Leverage||1:1000|
|📈 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 Stats||1.3 million|
|Active Nigerian-based BDSwiss customers||150,000+|
|💰 Nigeria Daily Forex Turnover||$1.25 million+|
|💳 Deposit and Withdrawal Options||Bank wire transfer
|💰 Segregated Accounts with Nigerian Banks?||No|
|💻 Trading Platforms||MetaTrader 4, MetaTrader 5, BDSwiss Mobile, BDSwiss Web|
|💰 Tradable Assets||Forex
|🌐 Offers USD/NGN currency pair?||No|
|🌐 USD/NGN Average Spread||N/A|
|📈 Offers Nigerian Stocks and CFDs||No|
|👨💼 Languages supported on Website||English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian|
|👥 Customer Support Languages||Multilingual|
|👥 Customer Service Hours||24/5|
|👥 Nigerian-based customer support?||No|
|💰 Bonuses and Promotions for Nigerians||None|
|✴️ Education for Nigerian beginners||Yes|
|📊 Proprietary trading software||Yes|
|💰 Most Successful Nigerian Trader||Uche Paragon ($20 million net worth)|
|✔️ Is BDSwiss a safe broker for Nigerians?||Yes|
|✔️ Rating for BDSwiss Nigeria||9/10|
|✔️ Trust score for BDSwiss Nigeria||78%|
|👉 Open an account||👉 Open Account|
Deposit fees and 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
👉 When traders deposit the minimum deposit, they can use the following deposit currencies:
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.
➡️ Go to BDSwiss website and log in to your personal profile.
Step 2: Select the account that you wish to fund & the deposit amount
➡️ 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.
➡️ 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 offered||There are limited deposit currencies and NGN is not an accepted currency|
|BDSwiss allows for quick and easy deposits as well as withdrawals||There 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|
USD 100 / 41459 NGN
CySec, FSC, FSA, BaFin, NFA
MetaTrader 4 , MetaTrader 5
50 Forex Pairs and 20 Crypto Pairs
Account Activation Time
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
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.