Important info
Platform: Exclusive
Minimum deposit: 10 $
Payout: Variable
Demo Account: Yes
Regulation: CySec
Signals: Free trade alerts
In light of the EU’s ESMA restrictions, BDSwiss has decided to focus exclusively on Forex and CFD trading.
About BDSwiss
BDSwiss was founded in 2012 and offers Forex and CFD trading. CySec regulates under license number 199/13.
Its registration number is 300153 and the address of BDSwiss Holding PLC is Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus.
You can contact BDSwiss at the phone number on the ‘Contact Us’ page of the phone book.
BDSwiss is a member of the Investor Compensation Fund.
“ The Fund is a private legal entity that compensates non-invested capital of clients up to 20,000 euros in case of liquidation of the company. – BDSwiss.
The brand also offers ‘Sub Zero Accounts‘. This allows traders to lower account balances to less than zero, effectively providing credit. This is a useful feature for traders who want to act quickly after finding an opportunity. Terms and conditions apply and traders are expected to use this feature responsibly.
Trading platform
BDSwiss boasts a customizable platform offering FX/CFDs with a free demo account available.
How to trade on BDSwiss
- Choose an asset or market – for example between forex, commodities or indices
- Choose your trading volume – trade size and risk management and reward management
- Set your risk management level – stop loss or take profit
- Choose the direction of the price – is the price going up or down?
BDSwiss can trade over 250 assets and operates 24/7 on markets around the world.
Charts
The platform’s trading charts use the line or candlestick format. You can also choose from time frames of 1, 5, 15, 30, 60 minutes and 4 hours, daily, weekly and monthly.
Here are a number of indicators you can insert directly into your charts:
- Moving Average
- RSI
- Bollinger Bands
- ATR
- MACD
- Fibonacci retracement.
Forex trading platforms are very advanced. Many indicators, technical tools and many other settings can be integrated into MetaTrader 4.
Trade types
BDSwiss offers CFDs and traditional spot forex trading.
Trading software and features
BDSwiss payouts
The payout depends on the performance of the underlying asset. Stop loss and profit orders ensure structure and limits when trading. This allows traders to monitor their risk.
Asset Index
BDSwiss’ list of assets includes foreign exchange, commodities and indices (and some government bonds). There are over 250 assets, including cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
Customer Support
The live chat is available in English, Korean and Italian and is very nice. All you need is your email address and username to access our live chat. Phone and email support is also available. Phone support is available locally in 16 countries.
Terms of Use
Always check the terms and conditions of the company you are depositing into. We reviewed them at BDSwiss and will highlight the following.
Dormant account fees apply after 6 months, which is longer than enough time to learn and have time to be active on the platform. However, if there is no activity after 6 months, a fee of 10% will be deducted from your account, with a minimum of 25 euros and not exceeding 49.90 euros.
Withdrawals
BDSwiss offers very fast withdrawals with processing normally taking place within 24 hours, however some methods may take 2 or 3 days. They recently added a range of deposit options (transfer, debit and credit card and e-wallet solutions). They offer a wide selection of deposit options as traders want to be able to use local and friendly payment methods.
Free signals
BDSwiss recently launched a new customer service offering free transaction notifications. In addition to the signals themselves, services include entry and exit points. This allows traders to better judge the quality and strength of signals as well as all important timing factors.
Signals can lead to overtrading, but since they are free, there is less risk to try them out and see how accurate they are in the long run.
