1. Is BDSwiss a Scam?
BDSwiss Broker Review 2023 – Is BDSwiss a Reliable Broker?
BDSwiss is one of the most popular European brokerage websites that currently exist in the market. It was founded in 2012 and over the past few years BDSwiss has been constantly vying for the position of the best Forex trading broker in the world. It was licensed by CySec, a reputed financial regulatory body situated in Cyprus, in 2013.
Bdswiss.com Website
Overview:
- Minimum deposit: $100 (exclusive)
- Max. Leverage: 1:400 (T&Cs Apply).
- Tradable assets: 200
- Regulated by CySec
- Demo Account: Yes
Note: Your capital is at risk
Introduction
Nowadays, forex and various other forms of trading have become extremely popular among myriads of traders residing around the world. With the implementation of new technologies along with ingenious applications and the accessibility of internet in every corner of the world, the methods and techniques of foreign exchange trading have undergone considerable metamorphosis. Nowadays, people rely on online brokers and trading platforms rather than regular brokers for their investment. As these online brokerage websites offer many advantageous features, the popularity of such websites is increasing rapidly.
BDSwiss is one of the most popular European brokerage websites that currently exist in the market. It was founded in 2012 and over the past few years BDSwiss has been constantly vying for the position of the best Forex trading broker in the world. It was licensed by CySec, a reputed financial regulatory body situated in Cyprus, in 2013. Over the years, the regulatory bodies of Cyprus have been facing a lot of difficulties regarding scamming and trading issues. But with the implementation of new rules, the security system of this country is now veritably strong, when it comes to forex trading.
The purpose of this online forex broker is to offer a user-friendly as well as a multi-functional trading platform that will give the investors the opportunity to trade forex, CFD, and cryptocurrencies like Bitcoin, Ethereum, etc.
Registration Procedure on BDSwiss
The process of registration on this trading platform is a fairly straightforward process and can be completed in a matter of three minutes. To the potential client, it offers the leeway to register without making any deposit at the initial stage. However, when the client is certain about trading forex on this platform, s/he has to deposit the minimum amount required for trading forex. As far as the security is concerned, this registration procedure is fairly secure as every client has to provide their proof of identification along with a valid address. Also, there is a KYC and Appropriateness test that the client has to pass in order to create a legitimate forex account. For novice investors, the appropriateness test comes very handily as it precludes them from making several mistakes and experiencing severe losses in consequence.
BDSwiss Registration
Account Types
There are two types of accounts that BDSwiss offer – Basic account and Black account. Both of these accounts cater to various requirements of different traders. The basic account offers the advantage of an extremely high leverage whereas the Black account can be used without paying any commission. However, the leverage of both of these accounts is 1:400 (T&Cs Apply).
>Basic and Black Accounts
Forex Demo Account
BDSwiss also offers a forex demo account that is tailor-made for the neophytes. The client has to consult the account manager first to know whether they’re eligible for a demo account or not. This account offered by BDSwiss provides $10,000 to every client for getting used to the nuances of forex and CFD trading.
Forex Demo Account
Trading Conditions on BDSwiss
The trading conditions on any online brokerage platform include the following entities:
- Assets: BDSwiss offers four different types of assets for their traders namely Forex, Commodities, Indices, and Crypto. Both Basic and Black account holders on this trading platform can make the most of these assets according to their individual desiderata. Forex traders can trade on various currencies like USD, AUD, JPY, etc on this platform whereas the commodity traders rely on assets like natural gas, gold, platinum, etc. As for the cryptocurrency traders, BDSwiss offers mainly three cryptocurrencies namely Bitcoin, Ethereum, and Litecoin.
Trading Assets on BDSwiss
- Minimum Deposit and Minimum Investment: The amount of minimum deposit on this trading platform is $200. But we will offer you an exclusive minimum deposit of $100! Besides that there is a minimum amount required to start trading: its just $5. Clients are allowed to open their accounts on EUR, GBP, and USD. If the trader possesses an extensive amount of underlying assets, they can determine generated quotes by using a certain formula (Bid amount + Ask amount)/ 2. In this brokerage website, the trader can receive up to 85% of the profit from a single transaction.
Available Instruments on BDSwiss
As mentioned earlier, the traders can trade on several assets like forex, cryptocurrency, commodities, etc on this trading platform. For different assets, the instruments and their application change significantly. Here, some of such instruments are discussed below:
- Forex/CFD Trading: Trading CFD or Forex is fairly easy as well as lucrative with the help of this trading platform. On signing up, the broker first asks a few questions to the client to make sure what they require from this trading and what type of assets would be comfortable for them. BDSwiss offers four different classes for the traders namely currency pairs, commodities, treasuries, assets for their clients to choose the right asset. Once the asset is chosen, the platform offers a set of instruction to the traders that can be used to their benefits. With proper usage of these instructions, a trader can manage a profit margin up to 65%. Also, CFD or forex trading on BDSwiss is fairly secure and foolproof as they set a certain limit or stop-loss order to prevent the readers from potential losses.
- Cryptocurrency Trading: Cryptocurrency have been the cause célèbre of trading for the past few years. More and more investors are inclining to these currencies everyday to secure a decent amount of profit. BDSwiss offers a flawless system for trading cryptocurrencies on this platform. They deal with three of the current crypto-giants, Bitcoin, Ethereum, and Litecoin. The lot size per position varies from 0.1 to 1 on this trading platform while trading with virtual currencies. BDSwiss offers all-encompassing information to the traders regarding cryptocurrency trading starting from market capitalisation to trading charts and Fibonacci sequence. This set of information help the traders greatly to successfully choose a profitable cryptocurrency for trading.
- Binary Options Trading and Its Cessation: Trading binary options was one of the most favourite trading alternatives for the traders on this platform. BDSwiss used to offer binary options trading service by informing the right time for selling assets. The traders used to attain 75% to 81% as the return on yield. Despite the success of binary options trading, BDSwiss is about to terminate this type of trading on this platform due to the increase in popularity of their new mobile app. From 15th March onwards, this trading platform would be focussing on the fast-growing market of the mobile apps to become the best Mobile Forex broker this year.
BDSwiss Trading Platform
For trading both forex and cryptocurrencies, BDSwiss offers the MetaTrader4 platform. The speciality of this platform is that MetaTrader4 offers a Virtual Private Server (VPS) which is incredibly fast, affordable, and user-friendly to the traders. The deal spreads of this platform are significantly lower (1-2 pips) compared to other platforms. These features allow the newcomer traders to invest without any consternation on this platform.
MT4 Trading Platform Logo
BDSwiss Mobile Trading App
The new mobile forex trader app designed by BDSwiss comes with several ingenious features for the investors across the globe. The app is compatible with devices like iPhone, iPad, and iPod Touch with an available version of iOS9 or later. Some of the advantages that this app would provide to the users include:
- A vast range of payment methods (more than 50)A vast range of payment methods (more than 50)
- Constant monitoring of trading history and pending orders
- Accessibility to highly effective charting tools
- Real time market quotations
- Controlling several accounts on the dashboard simultaneously
- 24x7 support
Also, this app of 78.9 MB size would implement various bug fixes to prevent certain malfunctions.
BDSwiss Deposits and Withdrawals
BDSwiss puts utmost care and importance to the deposit and withdrawal system and offers a vast range of different methods for these activities.
- Deposit Methods: The deposit methods to this brokerage website includes several methods such as wire transfer, credit cards (credit card, master card), and online payment options like Skrill, Neteller, Sofort, etc.
- Withdrawal Methods: BDSwiss offers only one method of withdrawal which is wire transfer.
Education
BDSwiss offers training courses for novice traders to get conversant with the nuances of trading and invest to their advantage. The training course from this brokerage website covers several trading currencies, commodities, indices, and other assets. The course also offers trend-line charts of both present and past market scenarios so that the traders can foresee the future of certain assets and trade accordingly.
Customer Service
The customer service of BDSwiss is available in 19 languages for the traders in different corners of this world. Besides offering a highly useful free mobile app, BDSwiss provides a strategy centre that consists of several experts who can offer useful tips to the traders for manoeuvring the market properly, managing the risks involved in certain trading methods, and securing a substantial profit at the end of the trading.
Best Features
| | We also feel the need to highlight the best features that should compel you to go for this platform right away.
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Frequently Asked Questions
No, BDSwiss is regulated by the legitimate regulatory body of Cyprus CySec. It has also been authorised by FSC. Hence, it is a properly licensed brokerage website.
2. How much is the minimum deposit amount for BDSwiss?
The amount of minimum deposit for BDSwiss is $100.
3. Where is the BDSwiss login?
BDSwiss offers an account portal where traders can log in to their respective accounts.
4. Does BDSwiss accept Paypal?
No, BDSwiss does not accept Paypal as a legitimate payment method.
5. Does BDSwiss accept Paysafecard?
No, BDSwiss does not accept Paysafecard as a legitimate payment method.
Conclusion
BDSwiss is one of the most trustworthy brokerage platforms that are available at the moment. Besides being regulated by CySec of Cyprus (Licence number 199/13), this platform has been authorised by U. S. National Futures Association. Also, BDS markets have been authorised by the FSC. Moreover, the information transferred via the internet on this platform is always SSL encrypted which makes this one of the safest platforms in the world. With such facilities and the recent implementation of the mobile app; trading forex, CFD, or cryptocurrencies on BDSwiss could make a fortune for the investors all around the world.
Note: Your capital is at risk