Overall Rating
4.7/5
Rated #5 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
CySec, FSC, FSA, BaFin, NFA
📱 Trading Desk
MetaTrader 4 , MetaTrader 5
₿ Crypto
Yes
📈 Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
Our BDSwiss Account Types Revealed:
- ✔️BDSwiss Overview
- ✔️BDSwiss Account Types
- ✔️BDSwiss Account Features
- BDSwiss Demo Account
- BDSwiss Islamic Account
- BDSwiss Pros and Cons
- BDSWISS AT A GLANCE
BDSwiss Overview
Established in 2012, BDSwiss is a reputable and multi-regulated STP and ECN broker that is based in Cyprus, Mauritius, and Seychelles. As a multi-award-winning broker, BDSwiss is known for offering a wide range of markets, powerful and reliable trading platforms, advanced trading tools, and comprehensive educational sources and materials.
BDSwiss is a reputable broker that takes pride in its comprehensive trading solutions and competitive trading conditions. The broker offers the best trading platforms that can be used and has more than 1 million registered users that use its platforms.
BDSwiss is aligned with the needs and objectives of its traders, and it offers dedicated 24/5 customer support in multiple languages along with personal account managers that help traders.
BDSwiss has won several industry awards over the years since its inception and it operates as part of a worldwide operating group, namely the BDSwiss Group. The group has licenses and regulations in multiple jurisdictions around the world, providing traders with the peace of mind they need that they are dealing with a trustworthy trading provider.
BDSwiss Account Types
BDSwiss provides traders with a choice between three dynamic account types. Each account caters for a different trading level and offers unique trading conditions. These account types are:
- Classic Account
- VIP Account
- Raw Account
In addition to offering a choice between flexible account types, BDSwiss also offers the option for a demo account on the Classic Account and the option for Muslim traders to convert their Classic and VIP account into an Islamic Account, exempting them from having to pay or earn interest, which is prohibited by Sharia law as it is seen as exploitive and wasteful.
BDSwiss Account Features
Classic Account
The Classic Account is the entry-level account that caters for most traders. This account offers the following:
- A minimum deposit from $100
- Commission-free trading on forex
- Commissions of $2 charged on indices and 0.15% on shares per round, per lot
- Spreads from 1.5 pips EUR/USD
- Access to 24/5 multilingual support through several communication channels
- Trading academy access
- Access to daily market analysis that will help traders plan their trading
- Access to free live webinars that are periodically offered to registered traders
- Basic access to AutoChartist
- Limited Access to trading alerts
- Basic access to some trend analysis tools
- Maximum leverage up to 1:500
- Access to more than 250 CFDs on Shares, Indices, Forex, Commodities, and Cryptocurrencies
- Margin call at 50% of the margin level and stop-out at 20% of the margin level
- Instant withdrawals on credit cards up to a maximum of 500 GBP
- $0 commissions charged on deposits and Credit Card withdrawals
- $500 minimum deposit to gain access to AutoChartist performance statistics
- $1,000 minimum deposit to gain access to a Personal Account Manager
- Access to standard tools on AutoChartist
- The ability to convert the account into an Islamic Account
VIP Account
The VIP Account is the perfect account for more experienced traders who want some of the best trading conditions and additional benefits. The features on the VIP Account include the following:
- A minimum deposit of $3,000
- Variable spreads that start from 1.1 EUR/USD
- Commission-free trading on forex and indices, but commissions of 0.15% charged on shares
- Priority services and daily market analysis
- Access to a personal account manager at no extra cost
- Access to exclusive live webinars
- Access to AutoChartist Performance Stats free of charge
- Access to VIP Trading Alerts that are provided through the Telegram messaging app
- Premium Trend Analysis tools at no extra cost
- Maximum leverage up to 1:500
- Access to more than 250 CFDs on Shares, Indices, Forex, Commodities, and Cryptocurrencies
- Margin call at 50% of the margin level and stop-out at 20% of the margin level
- Instant withdrawals on credit cards up to a maximum of 500 GBP
- $0 commissions charged on deposits and Credit Card withdrawals
- The ability to convert the account into an Islamic Account
Raw Account
The Raw Account is the perfect account type for active and high-volume traders such as scalpers who need the best possible prices available.
The unique features offered by this account type include the following:
- A minimum deposit of $5,000
- Typical spreads from 0.3 pips EUR/USD
- Commissions of $5 charged on all forex pairs, $2 on indices, and 0.15% on shares
- Leverage to a maximum of 1:500
- Maximum leverage up to 1:500
- Access to more than 250 CFDs on Shares, Indices, Forex, Commodities, and Cryptocurrencies
- Margin call at 50% of the margin level and stop-out at 20% of the margin level
- Instant withdrawals on credit cards up to a maximum of 500 GBP
- $0 commissions charged on deposits and Credit Card withdrawals
- VIP Access to Trading Alerts
- Free access to AutoChartist Performance Stats
- Access to a Personal Account Manager free of charge
- Priority access
- Limited access to Trading Academy and Live Webinars
- Access to VIP webinars
- 24/5 customer support in multiple languages over several communication channels
BDSwiss Demo Account
BDSwiss offers traders the option of registering a demo account on the Classic Account. This will provide traders with access to all the features of the Classic Account in a risk-free environment.
The BDSwiss demo account can be used by beginner traders alongside the educational materials, resources, and tools that BDSwiss offers, including:
- The Learning Centre
- Forex eBooks
- Live Education
- Forex Basic Lessons
- Forex Glossary
- Educational Videos
- Seminars
By using all these resources and tools, beginners can pave the way forward towards becoming advanced traders. In addition, the demo account also serves as a useful tool to more experienced traders who want to develop and test their trading strategies in a risk-free environment.
Traders can use the Classic Account to test their strategies while employing different trading tools offered to refine and improve their trading decisions. The demo account can also be used by traders who are evaluating brokers before they register a live account.
The demo account gives prospective traders an idea of what they can expect when they trade different financial markets using BDSwiss’ comprehensive trading solutions and competitive trading conditions.
BDSwiss Islamic Account
The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
BDSwiss offers Muslim traders the opportunity to convert either their Classic or VIP account into that of an Islamic Account. While there are no additional fees indicated for the Islamic account, traders are urged to verify the possibility of additional commissions or wider spreads that could offset the absence of swaps or overnight fees.
BDSwiss Pros and Cons
You might also like: BDSwiss Demo Account – Step by Step
You might also like: BDSwiss Fees and Spreads
You might also like: BDSwiss Islamic Account Overview
You might also like: BDSwiss Minimum Deposit
You might also like: BDSwiss Sign up Bonus
Overall Rating
4.7/5
Rated #5 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
CySec, FSC, FSA, BaFin, NFA
📱 Trading Desk
MetaTrader 4 , MetaTrader 5
₿ Crypto
Yes
📈 Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
FAQ
TRADING ENVIRONMENT
How many instruments can I trade with BDSwiss?
You can trade any of the following instruments:
- Forex
- Commodities
- Cryptocurrencies
- Indices
- Shares
Which platforms are supported by BDSwiss?
BDSwiss supports the use of any of these trading platforms:
- MetaTrader 4
- MetaTrader 5
- BDSwiss Mobile App
- BDSwiss WebTrader
Does BDSwiss offer leverage?
Yes, BDSwiss offers leverage up to a maximum ratio of 1:500.
What spreads can I expect with BDSwiss?
You can expect average spreads from 0.3 pips EUR/USD on the Raw Account.
Does BDSwiss charge commission?
Yes, BDSwiss charges commissions as follows:
- Classic Account – $2 on Indices and 0.15% on shares, per round and lot.
- VIP Account – 0.15% on all shares per round, per lot.
- Raw Account – $5 on all forex pairs, $2 on all indices, and 0.15% on all shares per round, per lot traded.
Are there additional charges on the Islamic account?
No, there are no additional charges indicated on the Islamic Account.
Is BDSwiss regulated and by whom?
Yes, BDSwiss is regulated by CySEC, BaFin, FSC, FSA.
Is BDSwiss a recommended forex trading broker for experts and beginners?
Yes, BDSwiss is a forex trading broker that is suitable for both beginners and experts.
What is the overall rating out of 10 for BDSwiss?
9/10.
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.
Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.
Does BDSwiss offer a demo account?
Yes, BDSwiss offers a demo account on the Classic Account.
How long is the demo account valid?
The demo account is valid for an unlimited time if the account is constantly being used.
Which live trading accounts does BDSwiss offer?
BDSwiss offers the following live trading accounts:
- Classic Account
- VIP Account
- Raw Account
Does BDSwiss offer an Islamic Account?
Yes, BDSwiss offers the option for a Classic and VIP Account to be converted into an Islamic Account.
What are the available deposit currencies for a live trading account?
- USD
- GBP
- EUR
DEPOSITS AND WITHDRAWALS
What is the minimum deposit required to open an account with BDSwiss?
$100.
How do you make a deposit and withdraw money with BDSwiss?
You can use any of the following:
- Bank wire transfer
- Debit/Credit cards
- Skrill
- Neteller
Does BDSwiss charge withdrawal fees?
No, BDSwiss does not charge withdrawal fees if the withdrawal amount is 100 GBP/USD/EUR, or more. If traders withdraw less than this amount, there is a 10 EUR fee that will apply to bank wire transfer while other payment methods attract a 20 EUR fee on withdrawals.
How long does it take to make a withdrawal?
Depending on the withdrawal method, it can take from a few hours up to several days to process a withdrawal.
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