Trading ProductsShares, Indices, Forex, Commodities and Cryptocurrencies with CFDs.
Minimum Deposit€ 100
Demo AccountsOnly available for Forex Traders
BDSwiss has been around for some time, but it is still relatively new compared to its competitors. Keplero Holdings Ltd. owns it. And it has expanded immensely by extending its operations in Germany. It has plans to further its reach within the European Union and other regions.
Its platforms are similar to the ones provided by its competitors; nonetheless, many features are added and improved upon. Before, BDSwiss has been considered unfriendly to newbies due to the shortage of guides. However, it has changed and the site is now filled with educational materials that can help its clients improve their trading career.
BDSwiss is a company that has been operating for more than five years. It was previously known as Banc de Swiss. It is a reputable licensed broker based in Cyprus and operates under CySEC (Cyprus Securities and Exchange Commission) regulations.
The two biggest reasons you should sign up with BDSwiss is that it offers a lot of options for its members and it is an excellent company to start your trading career. The two main trading accounts that the company is known for are Forex (Foreign Exchange) and CFDs (Contract for Differences). Its other trading markets are shares, commodities, binaries, and indices.
Aside from that, it is also well known as a customer first company. It provides a lot of support to its members in different ways. Mainly, this is done through the company’s periodic free live helpful webinars. Customer support is easy to get, and they have multiple contact options: phone, email, and chat.
When it comes to options, BDSwiss has six: one touch, ladder, long term, pairs, 30/60 seconds, and high/low. All of them are straightforward and easy for a beginner to understand. Aside from BDSwiss being an excellent company for newbies, it is a preferred broker of high profile traders.
One of its biggest pros is ease of withdrawal. The company accepts major and popular credit cards and alternative payment methods/system such as EPS, iDeal, Soforth, GiroPay, Neteller, and Skrill. Also, requests for withdrawals are processed fast if you have your current KYC/AML documentation on the company’s files.
Another pro is the safety of your money. Even if the company goes down, your deposits will be safe and will be returned to you because of the Cypriot Investment Compensation Fund. However, the amount of insured money is only €20,000 (around $25,000) max. This is because its customers’ deposits are separated from the company’s operation capital.
The company, as mentioned before, is user and newbie friendly. It has multiple national lines for phone support and its minimum investment amount is $200 (its old minimum deposit was $100), which makes it an excellent entry point for new traders.
When it comes to cons, the major concern in this company is its withdrawal process for customers without complete documentations and verification. The delay of the withdrawal can range from one week or more. According to the company, the withdrawal delays for the people with incomplete documents are aggravated by its thousands of customers that totals to more than 700,000.
Account and Expectation
Registering with BDSwiss is fast and easy. If you have a Facebook or Google+ account, registration will be swift. If you do not want to link your social media accounts, you can just go through with the normal registration process. All you need is to put your name, contact number, email, and your BDSwiss account password. Of course, you need to agree to the company’s terms and must be 18 years old or above.
Once you register, you will gain access to your account immediately. You do not need to get verified or put up a deposit. However, if you want to start trading with your live account, you will need to at least provide a minimum deposit, which amounts to $200, to start trading.
When it comes to customer service, you can rely on BDSwiss. Connecting to their chat support is fast, and it will take only a minute or two — faster if there is no queue. It has also multilingual support and local help lines in 15 countries. You can also contact them via the website and expert fast reply via email. If you want to send them mail, you can send it to their postal address in Germany.
BDSwiss Trading Platforms
If you do not want to trade and deposit, but you want to get a feel of the company’s platform, you can take advantage of the Forex demo account. The demo account starts with a capital of $10,000. To start demo trading, you can use the web trader page of the company’s site or download the company’s MT4 (MetaTrader 4) application on your computer or mobile phone.
Opening the web trader platform for the first time will initiate the mini tutorial of the trading interface. If the interface tutorial is not enough for you, BDSwiss has a video tutorial you can watch from YouTube or from the website. The video takes almost five minutes, and you will gain mastery of the trader interface instantly.
On the other hand, you can download the MT4 application to trade without going to the web. The application is available for Windows, Mac, and mobile. You can download the application from your account’s dashboard. The application is around 2MB and will take you a minute if you have a decent internet connection. Installation of the program will only take another minute.
The application can be used for both real and demo trading. Once opened, it will ask you for your username, password, and server (real or demo). The login you need to use is indicated on your dashboard — it is usually in a form of string of numbers. And the password is the password for your BDSwiss account.
There are big differences between the web platform and desktop application. For one, you can easily open multiple monitor windows inside the application. Second, you will have access to multiple charts and view tools for the foreign currencies, equities, or indices you want to watch.
Another advantage of the application over the web trader is that you can toggle the Auto Trading feature. Basically, it is recommended that you use the web trader if you are on the go or you just want to have a glimpse of the ones you are monitoring on the market. And if you want to actively trade, then it is best to use the desktop application.
The application also supports more than 35 languages. And if you want to know more about the application, you can join the MQL5 community.
Mobile Trading Platform
The MT4 application is also available to smart devices. You can download the application from your mobile devices’ respective application websites (App Store for iOS and Google Play for Android).
Market Trading Options
BDSwiss largely focuses in Forex trading. Forex trading, from the root words foreign exchange, is the act of buying and selling foreign currencies. To profit from Forex, you need to buy foreign currencies at a low price and then sell it at a higher price.
Generally, foreign currency exchange rate or price slowly appreciates (improve in value) and depreciates (decrease in value). This means that profit can be realized after a long amount of time, especially if you only invest on a few currencies. Returns can be gained faster by trading after little appreciation or pips; however, expect that gains will be also low.
Another trading option is cryptocurrencies. It is basically the same with Forex, but instead of foreign currencies, you will be dealing with cryptocurrencies like BitCoin. Another difference it has with Forex is that cryptocurrencies is highly volatile. The price or value changes can easily spike or fall by as much as 100% in a day or two.
This means that risk is high with this type of trading option. With lack of diligence in monitoring your account and the market, your capital can easily depreciate.
CFDs or Contract for Differences is a highly valued trading option in BDSwiss. It is a financial derivative that is based on underlying assets; the keyword here is leverage. Unlike stock trading, CFD trading does not make you own a stock when you buy shares. Also, shares in CFD trading are cheaper. This can be applied to other options, too, like forex and cryptocurrencies.
For you to profit in this option, you must properly predict the long positions (upward price movements) and short positions (downward price movements). For example, you bought (go long) 10 shares from Google (GOOGL — Alphabet Inc). If GOOGL shares appreciate, you can sell (go short) your shares for a higher price.
If you wish to keep your shares, Google will not owe you anything, but the market maker you signed up with. If you signed up in BDSwiss, then BDSwiss owes you money if you bought CFD shares.
Despite not really buying any actual shares from companies, the numbers and assets from trading platforms from market makers are based on real time trading markets. Also, take note that the movements and trades in CFD markets do not affect the companies and their prices. Basically, changes in stock values will change CFD prices, but CFD trades will not affect stock values.
As of now, CFD is only available in select countries. In the United States, it is not permitted because of the securities law.
Binary options trading is now also available in BDSwiss. This type of trading is considered a high risk/high reward venture. To profit, you need to guess or analyze if an asset or currency will go up or down. For example, you choose to guess that the US dollar will appreciate in value. If your guess is correct, you will profit. If your guess is wrong, you will get nothing.
Usually, the payout to binary options is $100. And the amount of money that you need to initially shell out is based on the current offer. For example, if you chose an option and the offer is $50, your possible profit is $50 ($100 – $50) and possible loss is -$50 ($0 – $50).
Also, binary options trading has a timeline that you should be aware of. For example, if you will order or guess, the results of your trade will end in a set time.
Binary options can be easily linked to gambling. Because of its high risk/high reward nature and the simplicity of choosing options, people can easily get addicted to this trading option.
Bonuses for Traders
Do note that BDSwiss does not provide any bonuses to its client. Because it is based in Cyprus and operates under CySEC regulations, it is not allowed to honor any kind of bonus. Nonetheless, BDSwiss offers other advantages to make up for this limitation.
Is BDSwiss a Scam?
BDSwiss (BDSwiss Holding Plc.) is not a scam. It is licensed and registered in major financial commissions in order to operate legally.
Its registration ID in the US National Futures Association is 0486419. Its license number in the Cypriot Security Exchange Commission is 199/13. IT is regulated and authorized by the FSC (Foreign Sales Corporation).
The company is also registered as a trading company in all financial supervisory authorities in the European Union. A few of them are Financial Conduct Authority, Autorite des Marches Financiers, and Federal Financial Supervisory Authority (BaFin).
Demo Accounts and VIP Program
There are four types of accounts in BDSwiss. The first one is the demo. When you sign up for an account on BDSwiss’ website, you will automatically have a demo account, which has a default amount of $10,000. The second and third accounts are binary options and basic forex accounts. Both will become available after you provide the minimum deposit of $200.
When you deposit $10,000, then your account will become BDSwiss Black. The advantages of this VIP account are Average Spread of 1.0, Min Lot Size of 0.1, and there will be no commissions. BDSwiss Basic, on the other hand, has an Average Spread of 1.3 and Min Lot Size of 0.01.
Initially, after signing up, you will be limited to a leverage of 1:50. However, you can take a test to improve your leverage to up to 1:400.
Deposit and Withdraw Your Funds
Wherever you are, you can join BDSwiss and enjoy ease of depositing and withdrawing money from the company. The amount of time the company needs to reflect your deposit is less than 10 minutes (most deposit options are instant). However, wire transfer will take two to seven working days.
When it comes to withdrawal, your money will be processed through wire transfer. It takes two to seven business days, which entirely depends on your bank. Also, the minimum withdrawal amount is €150.00.
When it comes to customer service, BDSwiss is top notch. The chat support is fast, and you can determine the language you want to choose in the conversation that you will have. On the other hand, there are local numbers that you can call (if it is available in your country) that will get you a local representative.
Also, if you have complaints, you can easily send an email to the dedicated email address of the company. They respond fast, and will cordially address your concern.
Online guides for BDSwiss is available. However, most of them are internal articles and videos you can find on the company’s websites. Also, as mentioned before, you will be provided will a tutorial at your first visit in your web trader and be allowed to watch live web seminars provided by the company.
BDSwiss is an excellent company to work with. It is armed to the teeth when it comes to supporting its clients. It also provides multiple trading options for you to do everything in one place. It also comes with a “refund feature” that can guarantee that your money will not be lost when the company is dissolved.
Aside from those, the BDSwiss platform is intuitive and basic. It is also available for every device that you have. Even if you only have a Windows desktop, Mac, or a mobile phone, you can use the MT4. Even if you have a gaming console or Smart TV, you can view the web trader using your device’s web browser.
The program also comes with great tools such as stop-loss. The program will allow you to have great control on your losses and focus more on your gains.
On the other hand, if you are not ready to deposit money, you can take advantage of the demo account and server of BDSwiss. In there, you will have all the real stats in the market and play around. You are even provided a $10,000 credit, so you can take some risks and have a greater knowledge of what it feels like to anticipate gains and losses in the trading option you want to work on.
In addition, it does not matter where you are. As long as you have an Internet connection, you can trade with BDSwiss. You do not need to worry about deposit and withdrawal options, BDSwiss has made sure that everybody can send deposits and receive money without the additional hassle.
Language is not even an issue with BDSwiss. Its website and application support major languages spoken and written.
Asset-wise, you can trade almost everything in BDSwiss. You can choose from treasuries, indices, commodities, and currency pairs. You even have full control on how much you can trade. Always bear in mind the more trades you have, the more earnings you can possibly get. Small profits can easily add up.
HeadquartersLimassol, Republic of Cyprus
Support+46 8 408 399 68
Support during weekendsNo
Contact MethodsEmail, Phone and Live Chat
Support LanguagesGerman, English, Spanish, Norwegian, Swedish, Danish, Italian, Polish, Greek, Slovene, French, Finnish, Arabic, Mandarin.
Account CurrenciesEUR, USD, GBP, PLN, DKK, SEK, NOK, CHF
Available for US TradersNo
Minimum Deposit100 € (200 € for Scandinavian traders)
Minimum Trade25 € (10 € for 60 seconds)
Maximum Trade1 500 €
DEMO accountOnly available for forex traders
Deposit OptionsCredit cards, Online Payments and Bank Transactions
Withdrawal OptionsBank Transactions
PlatformSpotOption and Metatrader 4
In the money returnsMax. 89 %
Out of the money returns10 %
Option TypesCall/Put, One Touch, 60 Seconds, Ladder, Forex/CFD
Expiry TimesInfo not available
SignalsOnly Trading Alerts
By trading in CFDs, Binary Options, Forex and other products/instruments promoted on Binaly.com is highly speculative and carries a high level of risk.