*Maximum Leverage is dependent upon the client’s country of residence. 76.2 – 79.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BDSwiss Review

BDSwiss is a regulated and respectable broker, that has successfully cornered the European market with particular popularity in Germany. Since their launch in 2010, the company have evolved from strength to strength, expanding its products and services to include forex and CFDs. Yet they have managed this feat without falling victim to the desire to overcomplicate matters and does this whilst keeping up to date with all regulatory requirements.

When it comes to flashy promotions and bonuses, BDSwiss doesn’t offer these and as a highly regulated broker, this comes as no surprise. Instead, they want you to feel that you are part of an exclusive community of well educated, supported and rewarded clients, therefore, BDSwiss offers three uncomplicated live accounts, each benefiting a trader with variable (but low) spreads. They’ve paired their instruments and quotes with a highly respected platform – MetaTrader4 – for maximum effect. Ahead of the opportunity to trade, traders are given free access to a rich library of educational resources, which include the unusual option of live trade lessons, as well as the standard academic courses and webinar sessions. BDSwiss’ online customer service team are well versed in company policy, knowledge of materials, platform and available services, and is on hand to guide you in multiple languages 24/5 (weekdays).

Getting started with these great features and a free demo account takes seconds. Read on for more information about BDSwiss through our concise review of their services.

Licensing & Regulation

BDSwiss is a licensed brand of BDSwiss Holding Plc (formerly known as Keplero Holdings Ltd). The company have a registered office address at Ioanni Stylianou 6, 2nd Floor, Flat/Office 202, 2003, Nicosia, in Cyprus. BDSwiss is the official trading name of BDSwiss Holding Plc, which is an authorized and regulated Cyprus Investment Firm (“CIF”).

Due to their regulatory status, BDSwiss is unable to offer accounts to US residents, however, they do welcome traders from MOST REGIONS. You should receive a pop-up notice relevant to your region of residence when visiting their site, but please check with their support team for more information.

Accounts, Trading Platform & Features

Keeping things simple, BDSwiss offers its new clients the choice of three live account packages that have been constructed in order to suit a variety of trading styles and needs. Ahead of selecting one of these, you will have the opportunity to trial their spreads, MT4 platform and general services through the use of a demo account. To sign up for the demo, simply register yourself with BDSwiss and set up your preferences (pick from EUR or USD). The demo will run for just one month with $/€10,000 in your virtual fund pot to trade with.

Although the demo allowance is a little tight in time and money, it should help you to conclude if forex trading with BDSwiss is something you would seriously invest in. The following live packages can then be met with consideration of an opening deposit and features that best suit you. They can be run in GBP, USD or EUR.

Live Accounts

• BDSwiss Classic Account – You will need to pay €/$100 – 2,999. They won’t charge you commissions on forex and commodity pairs, however, indices will incur a commission fee of $2 and shares will incur a commission of 0.15% per round lot. Spreads are from 1.5.
• BDSwiss VIP Account – This account will require an opening deposit of €/$3,00 – 4,999. No commissions are charged for all pairs or indices, only shares will incur a 0.15% fee. Spread are from 1.1. In true VIP fashion, this account provides you with a “Trade Companion” and access to VIP webinars.
• BDSwiss Raw Account – This BDSwiss account is designed to suit professional investors or those with deposits of €/$5,000 or more. To be honest, the main point of this account is that it offers zero spread trading, but does charge additional commissions ($5 for pairs, $2 for indices and 0.15% for shares.

_{*PLEASE NOTE: Due to regulatory guidelines, any Leverage offers will depends on your country of residence.}

By opening one of these accounts, you will be able to access spread quotes on the platform that have been edited to suit your account specifications.

BDSwiss has integrated the MetaTrader4 platform in order to merge its top spreads, tools and analysis with the best trading platform available to its clients. MetaTrader is respected among the online forex trading community around the world and has an excellent reputation for a rich, dynamic interface that is customisable and suited to all experience levels. In this instance, the broker is able to offer the platform in formats that work superbly across all manner of computers and devices. Links to the traditional, downloadable versions of MT4 can be located within the footer of the BDSwiss website. Here you will notice you can install both PC and Mac variations. Also, mobile apps have been well-tested and are matched to most Android and Apple devices. Furthermore, for those of you who prefer minimal fuss and want the freedom of access from any desktop, there is a web-based version of MT4 and MT5. This is also recommended for beginners who might be overwhelmed with the meatiness of the traditional MetaTrader platform; it’s 100+ indicators, charts, EAs and professional features.

A Punchy Extra: BDSwiss provide negative balance protection (NBP). This means that the broker stands in and prevents sour trades from taking your account balance into minus figures, ending your losses at zero.

Fees & Commissions
At first glance, BDSwiss’ account ranking and spreads vs. commission are the reverse of what we have come to expect from brokers offering these sorts of contracts. The highest commission charging, Raw Account, is also rewarded with the lowest, zero-spread trading. For the VIP Account, clients will see an average quote of 1.1 pips to the EURUSD, with the same pair sitting at a higher 1.5 pips for the Classic Account. What isn’t made clear however, is that both these spreads hold their commission within the quote and nothing further will be added in regards to forex pairs, nor for trades on commodities. However, for positions held overnight, rollover fees apply to all trades held open past 21:00 GMT – this is quite reasonable and can be expressed in the pip quote given to your chosen instrument.

Fees and commissions come into play in the trade of shares for all three (at 0.15% will be deducted upon opening and closing positions), whereas indices, and currency pairs as best on the VIP account ($0 on both). The Classic account charges $2 on indices.

In most cases, BDSwiss states that it keeps tight spreads, and that slippage is minimal. However, as with all trading companies, when the market experiences volatility slippage can occur, although this is an assumption and there is no further data to accompany this hypothesis.

Banking Options

When registering your details with BDSwiss you will have the chance to select your currency from a long list that includes GBP, EUR, USD, PLN, DKK, SEK, NOK and CHF. Starting deposits for opening an account begin at €/$100.

Deposit
You may choose to deposit from your client portal by following the prompt in the header. You will have the option from this point of making your payment through the following banking options: Visa or Mastercard (credit and debit), Maestro, PostePay, Paysafe Card, Neteller, Skrill, Rapid, SoFort, Paypal or direct bank transfer. There are no fees associated with this service, however, each option is defined by minimum and maximum boundaries – this will be listed underneath the provider upon proceeding.

Withdrawals
Withdrawals come with a baseline of €/$100 and that the sum of the initial deposited amounts must first be traded once for this to be toll free. If you do not meet this criteria ahead of withdrawal, you will be met with a €25 or 3% fee.

Requests can be made simply through your client portal, but the correct verification documents will need to have been submitted beforehand in order to proceed with the approval. Withdrawals will be returned to the original source of deposit. Requests are processed within 24 – 48 hours by the financial department, after which it will take 2 – 7 working days before you see the credit.

Education Resources & Support

Live chat is a multilingual function that is accessible from within the BDSwiss website. The agents manning the desk of this facility are capable of offering guidance across a range of the company’s products, and primarily in German or English. Our assistance helped to locate several key factors of information regarding the broker’s services through direct page links or pre-written script. In many ways we found them to be friendly, astute and on point. On occasion they were a little repetitive, which we feel might have linked directly to English as a secondary language option or purely due to the number of clients also seeking their attention. For alternative methods of support, you may speak directly to an advisor through one of the many international phone lines listed on the Contact Us page. Whilst at this point, you could always leave them a more detailed email request of your concerns for an archivable transcript.

With BDSwiss offering numerous services and products, we were relieved to see that they provide adequate educational resources to match. Underneath the main menu heading, you will see a page referred to as Analysis, which is essentially the education domain. A menu offers links to a Trading Journal (basically the broker’s news blog), the Economic Calendar, Economic News, Courses and Live Webinars. All clients will have access to these resources, regardless of account rank.

The courses provided open up a new area of BDSwiss’ website and services. Here you can find a colourful selection of classes dedicated to general trade, technical analysis, strategy development and the psychological aspects of online trading. Most are free and available in English and German. Some exploration of this space will take you on a journey through these courses, into chaptered lessons that are monitored as you mark them ‘complete’, and move forward. These guides are primarily in writing, with the live webinars on hand to offer a new perspective. These webinars are run by analysts and scheduled for view weekly. Special events are noted and discussed as an expansion of the economic calendar. Uniquely, live trading sessions are arranged on a regular basis, ensuring that context and practicality are paired for maximum effect.

Why Trade at BDSwiss?

BDSwiss is a suitable broker for all levels of experience with online forex trading. The company is devoted to providing the best learning environment for its clients, with just the right amount of encouragement to get traders actively moving away from their demo and into the full swing of real trading. They provide a stable body of resources to expertly guide their clients through their educational journey, giving them full access to webinars, courses and live trading sessions. You can pair the free demo with these mediums in order to obtain a well rounded experience.

There are three live accounts on offer through BDSwiss. Spreads are variable, low and for the most part, commission-free across all accounts. CFD contracts can be opened on numerous European stock options, indices and treasuries, from just 0.15% commission for the open and close. Transparency is high on BDSwiss’ agenda, with all fees, commission rates and varying contracts available for view on their site.

The online support is highly responsive and the platform option has been carefully chosen to offer the best possible guidance and tools for their traders. MetaTrader4 is quickly accessed through convenient download links, which have considered Mac, web and mobile alternatives to the traditional PC run terminal.

In short, we highly recommend BDSwiss, rating them 5 out of 5 for their forex / CFD services.