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 Minimum Deposit Revealed:
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to depositing the minimum amount
- Pros and Cons
Minimum Deposit
BDSwiss has a minimum deposit requirement of $100.
BDSwiss charged different minimum deposits according to the account types offered. The minimum deposit amount that traders can expect from each account type is as follows:
- Classic Account – $100 or 150 ZAR
- VIP Account – $3,000 or 15,000 ZAR
- Raw Account – $5,000 or 75,000 ZAR at the current rate between the United States Dollar and the South African Rand
The regulatory entities that provide BDSwiss with the necessary licenses, authorization, and regulation to operate and offer financial services require that the broker keep all client funds in segregated accounts, separate from the broker account.
These funds may not be used toward anything other than trading activities and must be withdrawable by clients at any given time and promptly. By following this, BDSwiss remains compliant with all relevant European and other laws and regulations associated with the provision of investment services, the carrying out of investing activities, and operation in regulated markets.
Deposit fees and deposit methods
BDSwiss does not charge any deposit fees according to the official website. When traders pay the minimum deposit amount of 150 ZAR, they can use any of the following payment methods:
- Bank wire transfer
- Debit/Credit cards
- Skrill
- Neteller
When traders deposit the minimum deposit, they can use the following deposit currencies:
- GBP
- EUR
- USD
Step by step guide to depositing the minimum amount
Once traders have verified their trading account by completing the KYC process, they can follow these simple steps:
- Select the account that they wish to fund and select “Payments” followed by “Deposit”.
- Traders can then enter the amount that they wish to deposit.
- Traders can choose their preferred method through which to deposit funds and click on “Proceed to Pay.”
- Traders can confirm the details of their deposit and complete any additional steps that may be required by the trader’s payment provider.
Traders must select their deposit method carefully as they will be required to use the same method when they withdraw funds from their accounts. In addition, traders must ensure that they deposit funds from an account that has the same name as their trading account.
The reason for this relates to the fact that BDSwiss prohibits third-party payments or payments from unknown sources as part of Anti-Money Laundering policies.
Pros and Cons
You might also like: BDSwiss Account Types
You might also like: BDSwiss Demo Account
You might also like: BDSwiss Fees and Spreads
You might also like: BDSwiss Islamic Account
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
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.
