BDSWISS has 1.7m+ registered trading accounts from 180 countries, providing MT4/MT5 traders with services from Trading Central and Autochartist. Beginners receive quality education and research. BDSWISS remains an excellent broker for active traders and scalpers due to its average execution speed of under 0.08 seconds, with 77.8% of orders slipping not coming in actively. My BDSWISS review evaluated trading conditions to determine how BDSWISS ensures their traders have a competitive edge.
| Headquarters | Seychelles |
|---|---|
| Regulators | FSA, FSC Mauritius, FSCA, MWALI International Services Agency |
| Founded year | 2012 |
| Execution type | Market Maker |
| Minimum deposit | 10$ |
| Negative balance protection | Yes |
| Trading platforms | MetaTrader 4, MetaTrader 5, Exclusive Platform |
| Minimum spread | 0.0 pip |
| Standard spread | 1.0 pip |
| Minimum commission fees | 6.00$ |
Regulations and Security
Trading with a regulated broker limits the potential for fraud and errors. I always suggest traders to check the regulation and verify it with the regulator by double checking the license provided with their database. BDSWISS has four regulated subsidiaries with clean records.
Is BDSwiss safe?
My BDSWISS review found no wrongdoing or negligence by this broker, operating since 2012. Therefore, I recommend BDSWiss as a legitimate and safe broker.
Trading fees
BDSWISS offers traders three commission-free pricing options and one very competitively priced commission-based alternative. I advise traders to choose the latter, with a low minimum deposit requirement of $100.
BDSWISS does not pay internal deposits or withdrawals, except for a $10 fee for bank wire withdrawals under $100, but traders may incur third-party processing costs, including blockchain fees for cryptocurrency transactions or currency conversion fees.
Traders will pay a currency conversion fee if their deposit does not match the account base currency. The same applies to trading an asset denominated in a currency other than the account base currency, but BDSWISS says that it does not tick internal markings on currency conversions.
A monthly equivalent inactivity fee of $30, or a monthly currency equivalent, is applied after 90 days of hibernation. Even though this is a relatively short period, active traders will never face this cost.
| Average transaction costs EUR/USD | 1.2 pip |
|---|---|
| Average transaction costs GBP/USD | 1.6 pip |
| Minimum spread | 0.0 pip |
| Standard spread | 1.0 pip |
| Minimum commission fees | $6.00 |
| Deposit fees | None |
| Withdrawal fees | None |
| Inactivity fees | None |
Trading assets
- 53 currency pairs
- 26 cryptocurrencies
- 6 goods
- 10 indicators
- 128 equity CFDs
Leverage
BDSWISS offers dynamic leverage, decreasing with trading volume, resulting in an excellent combination of competitiveness and risk management.
- Maximum retail Forex leverage is 1:2000.
- Index and commodity traders get 1:200.
- Cryptocurrency and equity traders can trade with 1:5 leverage.
- Not all assets within a sector qualify for dynamic leverage.
- Negative balance protection ensures traders cannot lose more than their deposit.
- Traders should always use proper risk management with leveraged trading to avoid exaggerated trading losses.
Account types
Traders can choose between three commission-free accounts, cent (min deposit = $10), classic (min deposit = $10), VIP (min deposit = $250) - The based on replacement, not spread. Islamic and business accounts are equally available.
Demo account
BDSWISS offers a demo account. This is helpful to get acquainted with the broker and the platform and has some educational value. However, it is important to remember that demo trading cannot reproduce the psychological conditions of risking real money.
Trading platforms
BDSWISS offers MT4/MT5 and upgrades them with services by Trading Center and Autochartist. Traders can choose from powerful desktop clients, lightweight web-based alternatives, and popular mobile apps. MT4/MT5 Supports algorithmic trading and has copy trading service. Traders can upgrade MT4 through over 25,000 custom indicators, templates and EAS, while MT5 has over 10,000. I recommend the desktop client to all traders, as they offer all the functions. Copy traders can use mobile applications, which provide everything they need to follow other traders.
BDSWISS has also developed an in-house web-based trading platform ideal for manual traders with a superior user interface and performance to MT4/MT5 alternatives. BDSWISS also offers their exclusive BDSWISS mobile app for those who prefer to trade on their mobile devices.
Special features
During my review of bdswiss, the execution statistics stood out. BDSWISS has an average execution speed of 75.8 milliseconds, executes 96.5% of all trades within 2.0 seconds, and has negative slippage on 77.8% of call orders. set. It confirms deep liquidity and no interference with orders, making it a great forex broker.
Research and education
Besides trading signals from Trading Central and Autochartist, BDSWISS provides research and actionable trading recommendations by a 9-member team. It also maintains a Telegram channel for transaction alerts. Traders get a daily video covering market events and the weekly outlook, preparing traders for the week ahead. I rate the BDSWISS research offering among the top in the industry, ensuring clients with no trading strategy receive a wealth of trading ideas, recommendations and alerts.
BDSWISS brings its research excellence to educate beginners. I like that an e-book is offered that focuses on trading psychology. Traders also receive 18 educational videos and I recommend live webinars. BDSWISS is a hands-on broker that participates with potential clients at many seminars each year where it introduces the basics of forex trading.
Customer support
Multilingual customer support is available 24/5, but BDSWISS explains its products and services well, limiting or eliminating the need for customer support. I had no reason to contact customer support during my bdswiss review. Before contacting customer support via live chat, I recommend traders browse the FAQ section.
Minimum deposit
BDSWISS minimum deposit requirement is $10 for Cent (minimum deposit = $10), classic (minimum deposit = $10), VIP (minimum deposit = $250), no spread ( Minimum deposit = $100).
Payment methods
BDSWISS accepts bank transfers, credit/debit cards, Skrill, Neteller, AstroPay, korapay, OZOW, M-Pesa, Vodafone, Airtel, tigo, PIX, beeteller, Pay Retailers, GCash, Pay Maya, Prompt Pay , cryptocurrencies (BTC, BCH, ETH, PAX, TUSD, USDT, USDC, LTC, XRP, DASH, ZCASH, and ADA) and other local payment methods in Africa and Asia.
Deposits and Withdrawals
- BDSWISS does not accept internal deposit or withdrawal fees, except for a $10 bank withdrawal fee for withdrawals under $100.
- Minimum deposit requirement is $10.
- Deposit processing times are instant to close, except for bank wires and credit/debit cards, which can take up to five business days.
- The minimum withdrawal amount depends on the withdrawal method. For bank wire, the minimum is $60.
- Cryptocurrency transactions are subject to a blockchain fee.
- Currency conversion fees apply if the deposit does not match the account base currency.
- BDSWISS withdrawal processes within 24 hours.
- A withdrawal hierarchy exists for credit/debit card, Skrill and Neteller transactions.
- It can take up to ten business days for the bank wire to arrive, but most payment processors process it virtually once BDSWISS approves the withdrawal.
- Merchants may face third-party payment processing fees.
- Payment processor availability depends on the geographical location of traders.
- The name on the payment processor and bdswiss trading account must comply with AML regulations.
Conclusion
I like the trading environment at BDSWISS in a commission-based trading account for its low trading fees, fast order execution, lack of requirements and deep liquidity. Upgrade BDSWISS MT4/MT5 with Trading Central and Autochartist, providing VPS hosting for low-latency 24/5 forex trading and maintaining a mix of highly liquid assets. The research and education sections rank among the most comprehensive in the industry. Therefore, I rate BDSWISS as a competitive Forex broker and I can highly recommend it to active traders.
