BDSwiss demonstrates good order execution statistics (which the broker publishes monthly), produces quality research, and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders. Yes, BDSwiss is a European forex broker that offers wide range of trading instruments & multiple account types to facilitate multiple types of traders. What is more, BDSwiss is ultra transparent when it comes to spread widening during highly volatile markets. The broker diligently gives traders a heads up before extremely volatile markets and does not manipulate spreads which leads to less spread widening, keeping trading costs ultra-low. For traders, spread widening can cause unexpected margin calls, which is why it is essential to trade with a broker with established liquidity providers like banks and other large institutionallenders.
BDSwiss’ in house analysts and professional traders study the markets daily and share their insights with BDSwiss’ VIP Black Account holders via a free Live Trading Alerts Service on telegram. Traders receive real-time, actionable setups including Entry price, Stop Loss and Take Profit levels straight on their mobile phone devices. BDSwiss’ team of renowned market analysts and professional traders work round the clock to provide up to the minute market news coverage and actionable financial commentary in multiple languages.
- To provide clients with the very best trading conditions available, BDSwiss focuses intently on delivering quality execution through a combination of excellent liquidity supplied by top tier providers and reliable technology.
- All information on 55brokers.com is only published for general information purposes.
- Different assets have differing spread values, which are assessed by pip values.
- Corporate actions such as dividends and mergers will impact equity and index CFDs (though BDSwiss does not openly outline how corporate actions are processed).
Please read BDSwiss Reviews below and share live trading experiences with this broker. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. That being said, BDSwiss holds multiple regulatory licenses throughout the EU, including from Cyprus where it is authorized by the Cyprus Securities and Exchange Commission (CySEC). It is also regulated as a Tied Agent under its German entity, and is passported across the EU (and outside of the EU into Switzerland). The brand also holds an offshore regulatory license from the island nation of Mauritius.
Trading Platform
The fully automated service makes it easy to find and follow experienced traders. BDSwiss will suit traders of all experience levels but active traders in particular can benefit from fast execution speeds, tight spreads and powerful trading software. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. https://forex-review.net/bdswiss/ He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. The minimum deposit at BDSwiss will vary depending on your chosen account type. Traders will find four maintrading platforms that are fairly intuitive and responsive, average execution speed is 0.01s.
Brokers with ultra-fast execution speeds like BDSwiss can guarantee near-instant order placements which diminishes the possibility of negative slippage and reduces the risk of traders having to suffer greater trading costs. Once you feel confident enough to start trading, you can fund your Live Account by depositing. BDSwiss offers a clean, easy-to-navigate web and mobile dashboard and advanced encryption tools that make your transactions very secure. Just select your live account and enter your preferred deposit amount. BDSwiss does not charge any fees on deposits or withdrawals processed via credit card.
The award-winning BDSwiss trading platform lives up to its reputation as a feature-rich online ecosystem that presents both newcomers and experienced investors with excellent trading conditions. Between its own proprietary WebTrader and mobile application to the daily webinars hosted by the company’s analysts, BDSwiss presents clients with many value-added tools and services designed to perfectly complement their trading experience. Any level of trader can find a suitable account type to match their unique trading needs, including those who prefer to have their funds passively managed, or those who have professional experience they wish to share. BDSwiss offers multiple mobile trading products to enhance the experience and ease of use it delivers to traders worldwide. The first of which is its mobile trading app, MetaTrader 4, and the second is a mobile trading website that is compatible with Android and iOS smartphones and tablets.
Comprehensive review
Spreads change throughout the day and this is dependent on market conditions and volatility. Two analysts provide market coverage on the BDSwiss blog, Technical Analyst Frank Walbaum and BDSwiss Head of Investment Strategy and renowned fundamentalist Marshall Gittler. The quality of written content is decent; the exception is the coverage of market insights which are provided by Marshall Gittler, the head of the BDSwiss research team, who previously worked at other brokers including FXPRIMUS and IronFX.
Trading Talks is a 10-course recurring educational webinar which is held every two weeks. The BDSwiss official YouTube channel is where past webinars can be accessed. Over 200 videos are in the expanding library, allowing traders to learn at their own pace. While the most basic version of the MT4/MT5 versions are granted, there is an optional Autochartist plugin for the MT4 but any other EAs and plugins need to be downloaded independently by BDSwiss traders.
Forex Brokers
Overall, their trading platforms are good & supported across all devices. The account opening at BDSwiss is free while the deposit and withdrawals with credit cards are also free of cost. By maintaining optimum support and assistance, BDSwiss also educates its clients through its Trading Academy. Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars, we found it quite hahndy and very well organized making them suitable for beginners.
As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by BDSwiss, while we got withdrawal pretty quickly. However, we would advise to double-check security layers too if it is suitable for you personally. Based on our review and Expert Opinion in Forex Trading, BDSwiss is a trustable broker with good reputation for years of its operation and quality trading conditions, also with a good technical trading offering. However, there are some gaps due to operation via International branches only. Forex4you is not a publicly traded company and does not operate a bank, and is authorised by zero tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust).
- A minimum deposit of $100USD must be made for the 30% Deposit to be received.
- BDSwiss’ support consultants are skilled experts in the financial sphere and have all the requisite knowledge to help traders resolve any issue at hand.
- Andreas is super helpful and I’m thankful to have him as my account manager.
- On BDSwiss, they are just part of the usual routine and you’re welcome to try it.
Read our detailed review on BDSwiss for South African traders to find where they shine & lack. To compare the trading platforms of both BDSwiss and Forex4you, we tested each broker’s trading tools, research capabilities, and mobile apps. With an impressive collection of 150+ international and local payment methods per country, BDSwiss clients can choose their preferred deposit and withdrawal method right before they fund their account. BDSwiss accepts introductory deposits, and processes withdrawals, in the form of instant transfer, bank transfer or credit card transaction, with outgoing credit card payments typically taking between two to seven business days to process. It is also important to note that instant transfer payments that are made to BDSwiss accounts are available immediately, enabling new clients to begin trading straight away.
User Reviews
Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The broker’s most competitive offer is a unique approach across the brokerage industry, consisting of a competitive Raw account which can be accessed for a $5000 account balance. Corporate actions such as dividends and mergers will impact equity and index CFDs (though BDSwiss does not openly outline how corporate actions are processed). An inactivity fee of 10% of the account balance (which will range from €25 to €49.90 or account currency equivalent) will be charged after 90 days. Compared to other regulated forex and CFD brokers in South Africa, we found BDSwiss to be decently priced as the spreads on the classic account are decent.
ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners (and to learn more about our Annual Awards from our Director of Online Broker Research, Steven Hatzakis), check out our ForexBrokers.com Annual Awards page. Trading Talks is a 10-course recurring webinar, further aiding the education of new traders.
Therefore, with access to most liquid and popular markets you may choose the desired and most understanding instrument according to your trading need and use BDSwiss portal to make this choices, which we should admit as user-friendly. On BDswiss’ Alerts Telegram Channels you will receive daily set-ups and analysis by the pros that are easy to follow. To get started you simply need to register for a BDSwiss VIP account and then download the Telegram app on your phone in order to gain access to their channel.
Deposit methods
Read our unbiased review of BDSwiss that covers all the pros and cons of choosing this Forex broker for traders in South Africa. BDSwiss multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level.
