PDF what is forex and bdswiss review pdf

BDSwiss’s trustworthy reputation is further cemented by its awards and accolades. In 2019, They won best trading app at the Mobile Star Awards, best trading conditions from World Finance and Best Trade Execution at the Forex Global Awards. As we mentioned in the above section of our BDSwiss Review, there are 3 main contact options all available on every page of the site. Customer support is available 24 hours, however not on weekends. The live chat works well and is available in a variety of languages. At first, you are directed to a bot, however, you can quickly be put through to a competent live agent who responds within seconds.

There are zero fees on deposits with credit card or electronic wallets. The exclusive in-house developed BDSwiss Mobile App has previously won the best trading app award at the mobile star awards. I found that it has a user-friendly interface that allows you to efficiently open and manage your positions whilst on the go. You can also benefit from the same features and trading tools that are available on the desktop platform for monitoring markets. BDSwiss welcomes clients from all over the world, although they cannot accept traders from the UK, USA, Europe and some OFAC sanctioned countries.

BDS Ltd. is authorized and regulated by the Seychelles Financial Services Authority under license number SD047. Visit our methodology page to learn more about our review and rating process. We found room for improvement in the categories of trust and fees. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.

Is BDSwiss Legit?

Featuring an intuitive and user-friendly trading interface, it is designed to be compatible and sync with the desktop MT4 application. The BDSwiss WebTrader does not require downloading, is available on both MAC and PC, and is fully synchronised with the downloadable versions of MT4, allowing for live price monitoring via an advanced market watch. Translated in more than 24 languages, the BDSwiss WebTrader is designed to accommodate traders’ needs from around the globe. BDSwiss accepts any bills that are issued by a financial institution, a utility company, a government agency, or a judicial authority. Traders are eligible to open an account at BDSwiss, as long as they meet the minimum deposit requirements of each account. BDSwiss’ non-trading fees are high compared to other similar brokers.

Which is the best forex broker?

  • CMC Markets: Best Overall Forex Broker and Best for Range of Offerings.
  • London Capital Group (LCG): Best Forex Broker for Beginners.
  • Saxo Capital Markets: Best Forex Broker for Advanced Traders.
  • XTB Online Trading: Best Forex Broker for Low Costs.
  • IG: Best Forex Broker for U.S. Traders.

Plus, trading obstacles such as delays and slippage are minimized. The platform is easy to understand and use and for these reasons it is favored by many top brokers. As it is web-based you can trade directly with a web browser and you do not have to download any software. Withdrawals traderprof that are higher than the sum of your previous deposits will incur a €4 flat fee. Meanwhile, wire transfers of €100 or less will incur a €10 flat fee. We also noted that BDSwiss requests that withdrawals be made to the same banking method that was used to make your deposits.

Trading Platforms

BDSwiss brokers provide three main account types, Classic account, VIP account, and Raw account. These account types were created to cater to different sizes of trade differently. All account types cater to their individual size domain and are provided with specified features. BDSwiss team mainstays at the popular choice of MetaTrader4 platform offer software solutions, which is a comprehensive trading feature.

On average, however, spreads are 0.3 pips in forex and less than 1 point in stock indices. For better spreads, you can activate the VIP account or use the RAW Spread account . BDSwiss is an internationalForex and CFD broker, which has its main client base in Europe.The company has been on the market for over 7 years and was founded in 2012. It offers customers trading incontracts for differenceson any asset . Traders can speculate on rising and falling rates at small fees.

bdswiss review

I think they could provide some more currency options such as the JPY. The BDSwiss Trading Academy has a wealth of educational resources to help you increase your trading knowledge. There are video courses, articles and webinars for all levels of trader. I think the academy could be great for those of you who have no prior experience. If you want even more learning resources, I recommend taking a look at the excellent variety that FXTM have. The trading signal service is exclusive to BDSwiss black account holders.

Free account opening for everyone

Classic banking payment methods offer the most currency options. BDSwiss’s entry-level account offers relatively poor trading conditions compared to other market makers/STPs, with average spreads as wide as 1.5 pips (EUR/USD). You can trade Cryptocurrencies based on CFDs also with quite good costs. The broker excels when it comes to its trading platforms, with an excellent WebTrader, mobile app, and desktop platform to trade on. The research tools are of high quality and the education section is exstentive.

The platform for Forex trading, however, is different and is much more advanced. You could compare it to MetaTrader 4 with loads of indicators, technical tools, and many more settings that help ease up traders’ journey. Investing hyperforex in or trading financial instruments, commodities, or other assets carries a high degree of risk. You should only in trading or investing if you are fully aware of the potential risk of loosing all your deposited money.

bdswiss review

Moving on in our BDSwiss Review 2022, let’s focus upon the other trading capabilities available with the platform. When it comes to crypto trading, we’ve noted in this BDSwiss Review that they accept account holders from most countries across the world. Included in these countries are the UK, Australia, New Zealand and Canada.

Yet in case you would like to withdraw profits less than the mentioned amount the broker may add on a fixed processing fee of 10$. BDSwiss platform arranges withdrawal options with a good range of supported payment methods. BDSwiss offers 51 currency pairs, 7 commodity CFDs, 21 cryptocurrencies, 12 index, and 138 equity CFDs. The broker offers trading across a large selection of more than 250 assets, including CFDs on top Indices, Commodities, Forex, and Cryptocurrencies. With the ability to to access the most popular and liquid markets, you can select the most appropriate and understandable instrument for you from using the broker’s portal. The leading Forex and CFD investment services institution BDSwiss has recently received the prestigious Global Banking & Finance Awards® Best Mobile Trading Platform Europe 2021 award.

A well-regulated market maker/STP broker, Bswiss offers trading on multiple instruments, including Forex, commodities, indices, shares, and 26 crypto pairs, which is a wider range than most other brokers. Trading costs are higher than average on two of its three accounts, but improve significantly on the Raw Account, in exchange for a high minimum deposit requirement. BDSwiss are an award-winning broker that give you access to the global markets with top class trading conditions. You can trade a decent selection of over 250 financial instruments on a generous choice of powerful desktop trading platforms and mobile apps. If you like market analysis then you will be pleased with the excellent analytical tools that are included free of charge.

Services Offered by BDSwiss

BDSwiss Group is an industry leading Forex and CFD investment services provider with over a million clients worldwide. Account types are part of a good broker.This makes it possible to respond more specifically to the wishes of traders. For example, lower spreads can only be activated if the trading volume is high so that the broker still makes enough profit. BDSwiss is very well positioned with 4 types of accounts and thus clearly sets itself apart from its competitors. A demo account is very important for beginners and experienced traders.

In our trust category, we place most importance on how a broker is regulated. So let’s dive in and take a look at how the different entities of BDSwiss across the globe are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

Can you become rich with Forex?

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

You can contact the customer support through live chat, email, or phone. They give support in different languages that include English, German, Italian, Spanish, French, Greek, Portuguese and Brazilian. Fund security in BdSwiss is provided by the Cyprus Securities and Exchange Commission , which is one of the most respected authorities in the industry. In addition, funds are also segregated from company accounts in Tier-1 banks.

BDSwiss Key Takeaways for 2021

We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews. To keep the website running, we make money through affiliate commissions and paid advertising, at no additional cost to you. While our partners compensate us for our work, they can not alter our review process, ratings, and recommendations. Yes, BDSwiss is safe to trade with, it’s regulated by authorities in Switzerland, Cyprus, and other countries and offers low-risk Forex and CFD trading. BDSwiss offers mostly free deposits and withdrawals, with the exception of bank wires under 100, where a 10 EUR/USD/GBP flat fee is charged.

Which broker is the best in South Africa?

  • 1.✔️Avatrade – Best Overall Forex Broker in South Africa.
  • 2.✔️HFM (Previously known as Hotforex) – Top ZAR Trading Account for South Africans.
  • 3.✔️FBS – Best ECN forex broker for intermediate traders in SA.
  • Tickmill – Best FSCA Forex Broker for Low Spreads and costs.

Traders will find four maintrading platforms that are fairly intuitive and responsive, average execution speed is 0.01s. The biggest benefits offered by BDSwiss are the ample asset selection and the company’s research offerings. Hi Naso, there are various ways which you can use to withdraw your profits and funds from your BDSwiss account, based on the country you reside, whether you have an IBAN or not. To assist you further with this query or if you like us to assist you with any clarifications, please provide us with your BDSwiss account details in your next reply. Alternatively, feel free to contact us at and our Team will be able to guide and advise you accordingly. Hi Tom, usually, a withdrawal request is processed by BDSwiss within 24 hours given that all the necessary documentation is provided and approved by our team.

The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. Once your account is activated you will get access to your account area. Latest market events covering currencies, equity, and commodity markets as well as global economic events. It is a fact that you are always protected as long as the broker is regulated by the regulations which BDSwiss maintains remarkably well. Trading CFDs on leverage involves significant risk of loss to your capital.

Gives new traders the opportunity to put their skills to the test on free Demo accounts with adjustable virtual balances of up to 1,000,000€/$/£. BDSwiss clients can open any type of account offered by BDSwiss including Classic, Raw, VIP, Premium and Cent as a Demo Account and test the tools, conditions and spreads offered. Putting it all together, I like that BDSwiss give us access to trade some of the most popular instruments in a regulated environment.

Account Types:

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. Commissions per traded lot are set at $5.Swap rates on overnight leveraged scammed by umarkets positions apply. Corporate actions such as dividends and mergers will impact equity and index CFDs . 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.

With MT4, MT5, and BDSwiss’ own proprietary platforms available, BDSwiss offers support for more trading platforms than most brokers. BDSwiss charges no deposit fees but charges high withdrawal fees for certain payment methods. These charges cover the maintenance/administration expenses of inactive accounts, but these fees are much higher than those of other brokers.

BDSwiss has a team of in-house analysts providing daily coverage of the market in both written and video formats. In addition, weekly outlooks and in-depth reports offer insights into the markets. It is important to remember that the availability of deposit and withdrawal methods depends on the country or residence. To start out, prospective clients must enter their name, country of residence, date of birth, phone number and email. Along with personal profile information, individuals must upload documents to verify their identity and residential address and finally take a basic appropriateness test.

Another operation office of BDSwiss is located in Mauritius and Seychelles, and it is registered with the Mauritius Financial Services Commission , allowing BDSwiss to serve a bigger number of clients globally. After the account gets activated, you’ll get to access the account area. Find the in-depth answer here in our unbiased BDSwiss review, through which we’re going to tell you everything you need to know about BDSwiss in 2022. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

×