BDSwiss Review

Review

BDSwiss is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 199/13.

 

BDSwiss Accounts

BDSwiss offers a Forex/CFD account in addition to its Binary Options trading account. There is one type of Forex/CFD account without any gimmicks or distinctions.

The company offers spreads which are not surprising for its market and a very high maximum leverage of 400:1– all for a minimum deposit of just $100 or €100 (which can easily be deposited via credit card, wire transfer, or a wide range of other methods).

Traders can set up an account within minutes once all of the necessary compliance documents are uploaded.

BDSwiss allows trading in a very wide range of assets including individual stocks, commodities including gold and oil, forex, and equity indices. Many of the instruments are offered for trading as CFDs.

Contracts for Differences (CFD) give traders all the benefits of owning a particular stock, index, or commodity position – without having to physically own the underlying instrument itself, enabling clients to trade the change in price of multiple commodity and equity markets, with leverage and immediate execution. A customer enters into a contract for a CFD at the quoted price and the difference between that price and the price when the position is closed is settled in cash – hence the name “Contract for Difference” or CFD.

BDSwiss provides commission-free trading, with the exception of stock CFDs which include a commission per trade of 0.1%.  Spreads go as low as 1.2 pips on the benchmark EUR/USD currency pair.

Leverage of up to 400:1 is available for Forex, 100:1 for most commodities and indices, and $100 for individual stocks. This means that an account funded with $5,000 could open a $500,000 position in spot Gold, for example.

BDSwiss have a leverage policy for some assets that is quite different from many of its competitors. Usually, maximum leverage is expressed as a ratio or percentage. However, BDSwiss applies dollar minimums as leverage against many soft commodities, indices, and individual stocks. If this is confusing, be assured that the net result is quite similar to the usual margin requirements for these types of assets by other brokers within the industry.

A demo account is available for new traders or any other traders who wish to practice new trading strategies before moving on to a real account. This “paper trading” can be useful as a test run before making any financial commitment.

The major trading platforms offered are Metatrader 4 and Webtrader, the latter of which is most noted for its features of “trading cubes” which can speed up trade execution, and a “visual trends” charting tool which allows the major market trends to be assimilated at a glance.

No BDSwiss review would be complete without mentioning the fairly wide range of 35 individual equities available for trading. There is also a fairly wide range of commodities offered, including softs such as corn, sugar and wheat.

Features

BDSwiss seems to be a gimmick-free broker, offering the concrete and useful features that one would expect from a competent broker: popular trading platforms, mobile phone compatibility, a wide range of assets, and an education section on their website which includes a blog full of popular topics and an economic calendar with extra highlights of upcoming special events.

Bonuses and Promotions

BDSwiss offers no bonuses or promotions regarding Forex/CFD trading accounts as at the time of writing. This could be interpreted as a sign that the company is more interested in a strategy of attracting customers with good service instead of gimmicks.

Deposits/Withdrawals

Deposits may be made with major credit cards, skrill, or by wire transfer.

Withdrawals may be made via wire transfer.

Regulation

BDSwiss is headquartered and Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). On a regular basis, BDSwiss submits its financial reports to CySEC for review and moderation.

Client accounts are segregated and reviewed every day.

Investor Compensation Fund Policy

BDSwiss is a member of the Investor Compensation Fund for Customers of Cyprus Investment Firms and other Investment Firms which are not credit institutions, which was espablished under the Investment Firms Law 2002.

The object of the Fund is to secure the claims of the covered clients against the members of the Fund by the payment of compensation for their claims arising from the covered services provided by its members, so long as failure by the member to fulfil its obligations has been ascertained.

The Fund may pay a maximum amount of EUR 20,000 as compensation as an aggregated amount to any qualifying retail client.

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Features

With BDSwiss, there are two trading platforms to choose from and each one offers various trading tools and techniques. The in-demand Metatrader 4 and Webtrader are offered.

A fairly wide range of assets can be traded, including individual stocks and commodities.

Perhaps BDSwiss really stands out for its wide offering of tradable commodities and individual stocks, including both British and American stocks. A total of 25 different individual American stocks and 10 individual British stocks were available to trade as at the time of writing.

Several trading tools are offered.

A real-time economic calendar is provided on BDSwiss’s website, showing all the scheduled economic data releases, their ranked anticipated importance and actual and forecast results, enabling the trader to easily see whether the market has been surprised and if so, in which direction.

Additionally, there is a section highlighting the scheduled new releases of major importance which might be expected to be of special importance.

BDSwiss are also a Binary Options broker, however they have two separate offerings – Binary Options and Spot Forex / CFDs – and separate accounts must be opened to trade each segment.

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Platforms

Webtrader

WebTrader offers simple navigation and traders can use either the simple search tool or can browsing the category list in order to move around the website.

There are advanced charting tools and indicators that provide essential information on market trends and allow traders to analyze a given asset’s volatility and direction. Trading cubes streamline the trading process by allowing traders to view multiple instruments and determine their prices and movement in a simple layout.

In addition, frequent updates keep traders informed about global events and market-influencing news. Trade in the instance that major events occur and benefit from market volatility as it unfolds.

Metatrader 4

The MetaTrader 4 trading platform is another available platform at BDSwiss. This out-of-the-box trading software is a standard offering, and certainly plays second fiddle to the BDSwiss WebTrader.

Nevertheless, the MT4 platform is respected worldwide because it offers a host of powerful trading tools and features. Including multiple methods of opening and closing positions, including directly from charts and quotes windows and immediate order execution capabilities.

Mobile App

Traders at BDSwiss are not limited to the web. The BDSwiss Mobile App is available for smartphones on both the App Store and Google Play and gives traders an amazing trading platform to carry with them wherever they go and instant access to the world markets.

In addition, all platforms are available as downloadable apps for Apple or Android mobile devices.

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User Reviews

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