BDSwiss Review 2023

The client-centric focus of BDSwiss is the basis for its exceptional service, and others have taken notice. Users can sign up and verify their accounts using the app as well. Users can visit the portal to check the status of their accounts, deposit or withdraw funds, change address, and even create new accounts. Withdrawals are processed within 24HRS and become visible in the client’s bank account within 10min to a maximum 10 working days depending on the payment method used. Tradingcritique.com gives the best broker review for BlackBull Markets.

Compared to other regulated forex and CFD brokers in South Africa, the non-trading fees at BDSwiss are marginally higher than many of them. The inactivity fees can be very ineffective for the traders who trade occasionally. Trading with CFDs on stocks with any of the account types will incur the same fees. A commission of 0.15% is charged for each round trade of CFDs on all the available stocks with any of the account types.

Therefore, with access to most liquid and popular markets you may choose the desired and most understanding instrument according to your trading need and use BDSwiss user-friendly portal to benefit from trading. According to the regulation, the security of funds along with the client protection delivered in multiple ways that ensure a safe trading environment and investors’ legal compliance. It is a fact that you are always protected as long as the broker is regulated by the regulations. Since the approach https://trading-market.org/ of the company establishment comes from Switzerland, its strong basis confirmed by the great environment company built. And ever since providing online trading services as a worldwide operating group with its headquarters in Limassol – Cyprus and established offices in Berlin – Germany, Kuala Lumpur – Malaysia, Tirana – Albania, Pristina – Kosovo. The Classic Account, VIP Account, and Raw Account have a 0.15% commission on shares, but there are no commissions for forex pairs in all the accounts.

BDSwiss is one of the few big FX & CFD Swiss brokers, as you might’ve gathered. They are registered on the Seychelles at the moment, so it’s pretty hard to say for sure. A BDSwiss First Deposit Bonus is made available on the BDSwiss Premium Account. A minimum deposit of $100USD must be made for the 30% Deposit to be received.

Forex Scams

BDSwiss clients can choose their preferred deposit method right before they fund their accounts and enjoy $0 fees on all deposits. BDSwiss accepts introductory deposits, and processes withdrawals, in the form of instant transfer, bank transfer or credit card transaction, with outgoing credit card payments typically taking between two to seven business days to process. Also, you may compare BDSwiss fees to its peer BlackBull markets and other popular brokers listed below. BDSwiss also does offer a Forex or CFD “Demo Account” and gives new traders the opportunity to put their skills to the test on free Demo accounts with adjustable virtual balances of up to 1,000,000€/$/£. BDSwiss clients can open any type of account offered by BDSwiss including Classic, Raw, VIP, Premium (under FSC only) and Cent (underFSC only) as a Demo Account and test the tools, conditions and spreads offered. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size.

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Can I trade Cryptocurrencies?

You can choose this option when opening your new trading account. Withdrawal requests are processed by BDSwiss’s Account Team within one working day. However, the time required for the funds to be transferred to the account may vary, depending on the payment method. The customer support executives at BDSwiss can be reached out for assistance at any step in the trading process. Following is the review of all the available methods to connect with the support staff at BDSwiss.

Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits as well. BDSwiss provides access to trade a great range of 1000+ underlying assets, while you may choose from Indices, Forex, Commodities and Cryptocurrencies based on CFDs, or Options Trading. However, range of instruments depends on the account type or BDSwiss entity you use. Since its inception in 2012, BDSwiss has stormed the online trading scene with its carefully curated mix of products and services designed with a range of clientele in mind. 1.5M+ Registered Accounts $84B+ Trading Volume (Avg. Monthly Trading Volume) Clients from 186 Countries. BDSwiss goes the extra mile by hosting ample educational resources, providing up-to-date market research, and supplying exemplary customer support.

Deposit methods

That being said, BDSwiss holds multiple regulatory licenses throughout the EU, including from Cyprus where it is authorized by the Cyprus Securities and Exchange Commission (CySEC). It is also regulated as a Tied Agent under its German entity, and is passported across the EU (and outside of the EU into Switzerland). The brand also holds an offshore regulatory license from the island nation of Mauritius. Compared to other Forex brokers in South Africa that are regulated by FSCA, BDSwiss holds a lower safety rating due to them not being regulated locally or with any Tier-1 regulator. Latest market events covering currencies, equity, and commodity markets as well as global economic events. Yes, you can trade Cryptocurrencies based on CFDs also with quite good costs.

Yes, BDSwiss holds several regulatory licenses across the globe, including in the United Kingdom (U.K.) with the Financial Conduct Authority (FCA). However, BDSwiss’ services are temporarily on hold in the U.K., due to a restriction put in place by the regulator that prevents BDSwiss from accepting U.K. BDSwiss Non-Trading Fees
This includes all the fees that may apply to the fitting trader without executing trade orders. Read our unbiased review of BDSwiss that covers all the pros and cons of choosing this Forex broker for traders in South Africa. The BDSwiss multilingual customer support is available 24/5 via e-mail, webform, phone, WhatsApp, Telegram, or live chat. You can also get a callback option or visit the FAQ section to find the most common questions or answers.

The most notable feature we discovered during this BDSwiss review is the advertised trade execution which is certainly worthy of a mention. With zero requotes and 73.40% of zero or positive slippage, on paper, the statistics suggest an excellent execution environment. Also of note is the company’s excellent research and education offerings which will be outlined below. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

An overall BDSwiss review concludes us a company that managed to increase client portfolio to over a million customers. Besides to general and popular tools alike Economic Calendars, quality market Analysis provided by BDSwiss Analyst team, there is also access to Authochartist and Trading Alerts available to all clients. The user journey through the platform is designed to be simple and intuitive, yet still feature-rich and highly functional to serve the needs of more experienced traders. Everything from the compliance and verification processes all the way through deposits and trading can be handled from the clear-cut and effortless interface.

BDSwiss works with a variety of payment service providers that covers a wide range of deposit methods in a particular country. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate bdswiss forex broker review and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.

• Tradingcritique.com offers an updated broker review of XM broker this 2023.
• Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars, we found it quite hahndy and very well organized making them suitable for beginners.
• 1000+ Instruments including stocks and ETFs are offered on their platform.
• BDSwiss Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select.
• Also, BDSwiss provides solid research support which includes popular third-party tools such as Trading Central and Autochartist.

The impression given is that BDSwiss executes its trading signals with the alerts created by its lead portfolio manager, Frank Walbaum. BDSwiss offers multiple local methods of funding and withdrawal for traders in South Africa. But it is important to note that like other brokers, the method you use to deposit should be the same method you use to withdraw. BDSwiss offers forex and CFD trading services across wide range of financial trading instruments. The total no. of CFD trading instruments are high at BDSwiss compared to other CFD brokers. Our below detailed review of the account types will assist South African traders in identifying the best-suited account type at BDSwiss.

The broker also provides access to the popular third-party tools Trading Central and Autochartist. Trading Central is a very popular tool among traders which consists of technical insights, projections, and analyst views on various instruments. Autochartist is a market-scanner plugin that monitors 250+ CFDs and alerts traders on high-probability trading opportunities. This selection of options is sufficient for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions.

• BDSwiss received a high score in the Tradable Instruments category.
• Moreover, the broker offers Daily Webinars, which is an incredible opportunity for all the traders (and especially for the beginners) to expand their Forex knowledge.
• The user journey through the platform is designed to be simple and intuitive, yet still feature-rich and highly functional to serve the needs of more experienced traders.
• However, BDSwiss Holding LTD Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus is a member of the Investor Compensation Fund, which is an independent self-regulatory body for the industry.

At BDSwiss you may choose from leading Shares, Indices, Forex, Commodities, and Cryptocurrencies based on CFDs and ETFs on shares. BDSwiss provides access to seamless trading through a great range of 250+ underlying assets such as commodities and cryptocurrency. Together with comprehensive education materials provided by Forex Courses, defined by the level of expertise, Webinars, and Seminars. Moreover, the broker offers Daily Webinars, which is an incredible opportunity for all the traders (and especially for the beginners) to expand their Forex knowledge.

Although US clients are still not eligible to join the platform, the latter regulatory license could pave the way for US clients to join this online trading platform in the future. All client funds are kept separate from BDSwiss’ operational funds in segregated accounts, adding an extra layer of security. Ultimately, BDSwiss regulatory licensing assures clients that they are trading in a safe and reliable ecosystem that protects their interests. Zulu trade is a platform that connects trading accounts held with brokers to enable social and copy trading; it is not a broker. Our tradingcritique.com has examined the platform, its key aspects, and minimum deposit requirement in depth in its Zulu trade review.

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. ForexBrokers.co.za is a broker comparison & education website for South Africans. We aim to help traders in South Africa find the best forex brokers. BDSwiss has a range of payment methods which include wallets & Bank Wire Transfer.