Nowadays, it is really hard to find a reliable broker online because of an extensive variety of trading platforms available. BDSwiss is one of the most reputable trading platforms that provides its services to people from about one hundred and eighty diverse countries. For now, there are about one and a half million active users of the platform. In this BDSwiss review, you will find out whether this broker is worth trading with or not.
This is an international trading platform with quite a profound experience on the market as it was established in 2012 in Zurich, Switzerland. The broker provides users with pleasant conditions for trading, as well as with a wide range of assets and financial tools for trading. Furthermore, BDSwiss will be a suitable trading platform not only for professionals but also for beginners in this sphere as it provides a lot of educational materials which will help them to study the basics and the crucial terminology as well as master their skills by making use of demo account.
In order to start trading at the broker’s website, the users will have to create a personal account on its website. The registration procedure is really simple and takes no more than a minute. Below, there is a step-by-step guide on how to open a BDSwiss account.
Verification is not required immediately, however, withdrawals can only be made after confirming your identity and place of residence at the BDSwiss broker’s website. In this case, you must send a copy of your photo ID – here you can use your passport, driver’s license or ID card. To prove your place of residence, you must provide a so-called invoice. This could be a bill from a mobile operator, gas or electricity supplier. It is important that the invoice is no more than six months old.
BDSwiss offers traders a possibility to choose from three different types of accounts:
The account may be opened in one of three proposed currencies: USD, EUR and GBP. The traders may also try a demo account with $10 000 of virtual money offered by the broker. It will allow them to experiment at the platform and familiarize themselves with the available features of the broker before they start trading for real money. Also, they may develop new strategies or try to trade new types of assets.
BDSwiss offers a range of trading tools so that every trader will definitely find the appropriate asset for him. Below there are peculiarities regarding the trading process on the platform.
There are trading stocks with prominent joint-stock companies from the USA represented, more than 40 currency pairs available, two types of commodities (precious metals such as platinum or gold and the other ones are oil, coffee, etc.) and cryptocurrency trading (Bitcoin, Litecoin, Ethereum).
BDSwiss trading platform has also developed a special application for mobile devices. It is available either for Android or iOS operating systems and can be accessed from anywhere around the globe as long as there is an Internet connection. The traders may get access to all the functions of the broker in the app. Moreover, they may check the recent news and get notifications about all the changes and progress of their trades.
BDSwiss broker has its own proprietary MetaTrader 4 platform, which is among the most admired platforms in the world because of its functionality. There are a lot of features proposed such as diverse diagrams, indicators and charts for technical analysis. What is more, the traders may even adjust the platform to their own style of trading. The website works perfectly fine in the Internet browser on the computer. It has a really user-friendly interface and easy navigation.
BDSwiss offers quite an extensive range of payment options either for replenishments or payouts, which gives users great flexibility as they may choose the most suitable method for them. These are:
The required minimum amount for replenishment is contingent upon the type of account the users will select. When it comes to Classic, it is $100, VIP – $3000 and Raw – $5000. All transactions are usually processed instantly. BDSwiss broker does not charge any fees from traders. However, some providers may have a certain commission established. That is why it is important to check the terms and conditions of the payment system in order to check whether there are any fees in advance.
Here are detailed instructions on how to make replenishment on the website:
It is important to remember that only the owner of the account may top up the wallet because otherwise, there will be problems with processing such transactions from people with different names.
When it comes to cashouts at the BDSwiss trading platform, there are such methods proposed as Skrill, Neteller, Visa, Mastercard, Online Banking, PayPal or bank transfer. The payouts are usually processed within twenty-four hours. The minimum withdrawal amount is $100. There is also a fee which depends on the number of funds you want to cash out and the systems that you choose. It is worth mentioning that the payouts will be accepted only in the case when all relevant documentation has been provided by the users so that their account is verified. Also, the withdrawals must be made using the same method used for replenishment.
BDSwiss broker is an absolutely legal and reliable trading platform. Below, there are details displayed regarding its regulations and licenses, which will leave no doubts about the legality of the broker.
It belongs to the officially registered company in Cyprus called BDSwiss Holding Ltd. What is more, it is supervised by both legal institutions – Cyprus Securities and Exchange Commission. Also, the broker ensures the protection of users’ data and confidentiality of all the transactions that are performed on the platform against money laundering. Besides, the broker keeps all funds in segregated accounts.
BDSwiss has an official license №199/13 which means that its activity is being under the strict control of authorities. The broker also has other international licenses from FSC and NFA, which also increases its trustworthiness. All these legal documents are in free access for every user. They may find them on the main website of the broker.
There are 180+ countries accepted by the broker. Users from Cyprus, the Democratic Republic of the Congo, Eritrea, Libyan Arab Jamahiriya, North Korea, Somalia, Sudan and some other countries are not accepted. What is even more interesting is that the trading platform is a sponsor of the World Tour Championship, MercedesCup, ATP 200 and many other prominent events.
BDSwiss is one of the largest online brokers, and that is why it obviously has a customer support team that is ready to help traders with any rising difficulties. It is working 24/7 to provide assistance as soon as possible. Furthermore, the customer service is accessible in more than twenty different languages and that is why users may consult in their mother tongue. There are several channels proposed through which traders may contact the support team: a special form on the main website, mobile phone and email. What is more, there is a large block with FAQ where users may also try to find answers to their problems.
Here are the advantages and disadvantages of the BDSwiss broker, presented so that you may go through them and decide whether you want to trade on this platform.
Summing up, BDSwiss is an online broker, the main focus of which is binary options, CFD and Forex trading. This trading platform fulfills all the key requirements and that is why it may be classified as a recommended broker. A company that has been on the market for many years. It proposed multiple financial instruments and webinars for novices. In this BDSwiss broker review, we displayed all the crucial details regarding this trading platform. The broker enjoys a good reputation and has numerous awards which make it a trading platform worth joining as it is able to suit all the needs and expectations of traders with different levels of experience in this industry.
Yes, it is a fully legitimate and regulated platform. It is supervised by two legal bodies which are Exchange Commission and Cyprus Securities.
In order to open an account on BDSwiss trading platform, you should visit the official website, fill in a special form and complete an identity verification procedure.
The main benefits of this trading platform are more than 250 tools available, different types of assets, several types of accounts, materials for self-education and effective customer support.