BDSwiss Reviews - Forex Brokers

Introduction

BDSwiss is a global online broker offering forex, CFDs, and shares trading services to retail and institutional clients. Founded in 2012, the company is headquartered in Switzerland and regulated by the Financial Services Authority (FSA) of Seychelles. BDSwiss offers a wide range of trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary BDSwiss WebTrader platform. The company also provides a variety of educational resources and tools to help traders learn and improve their trading skills.

Trading Instruments

BDSwiss offers a wide range of trading instruments, including:

  • Forex: Over 50 major, minor, and exotic currency pairs

  • CFDs: Over 200 CFDs on stocks, indices, commodities, and cryptocurrencies

  • Shares: Over 1,000 shares from major exchanges around the world

Trading Accounts

BDSwiss offers three main types of trading accounts:

  • Classic: This is the basic account type, with no minimum deposit required.

  • Raw: This account type offers tighter spreads but requires a minimum deposit of $10,000.

  • VIP: This account type offers the tightest spreads and the most exclusive customer service, but it requires a minimum deposit of $25,000.

Trading Platforms

BDSwiss offers three main trading platforms:

  • MetaTrader 4: This is a popular and powerful trading platform that is available on both desktop and mobile devices.

  • MetaTrader 5: This is the next-generation version of MetaTrader 4, and it offers a number of additional features, such as advanced charting and hedging capabilities.

  • BDSwiss WebTrader: This is a proprietary trading platform that is designed for ease of use. It is available on both desktop and mobile devices.

Education and Research

BDSwiss offers a variety of educational resources and tools to help traders learn and improve their trading skills. These resources include:

  • Trading webinars: BDSwiss offers regular webinars on a variety of trading topics.

  • Trading articles: BDSwiss publishes a number of trading articles on its website.

  • Trading videos: BDSwiss produces a number of trading videos that are available on its YouTube channel.

  • Trading glossary: BDSwiss provides a glossary of trading terms.

Customer Support

BDSwiss offers 24/5 customer support in over 20 languages. Customers can contact BDSwiss by phone, email, or live chat.

Fees and Commissions

BDSwiss charges a number of fees and commissions, including:

  • Spreads: The spread is the difference between the bid and ask price of a trading instrument. BDSwiss's spreads vary depending on the trading instrument and the account type.

  • Commissions: BDSwiss charges a commission on CFD trades. The commission is a percentage of the trade value.

  • Overnight financing: Overnight financing is a fee charged for holding a position overnight. BDSwiss's overnight financing rates vary depending on the trading instrument.

  • Deposit and withdrawal fees: BDSwiss does not charge deposit fees, but it does charge a small fee for withdrawals.

Regulation

BDSwiss is regulated by the Financial Services Authority (FSA) of Seychelles. The FSA is a reputable regulatory body that ensures that brokers meet certain standards of financial stability and customer protection.

Reputation

BDSwiss has a good reputation in the forex trading industry. The company has won a number of awards, including the "Best European Forex Broker" award from the Global Banking and Finance Awards in 2023. BDSwiss is also rated as "Excellent" by Trustpilot, with over 8,000 positive reviews.

Conclusion

BDSwiss is a reputable forex broker that offers a wide range of trading instruments, platforms, and educational resources. The company is also regulated by a reputable regulatory body and has a good reputation in the industry. BDSwiss is a good choice for traders of all levels of experience.