Score
BDSWISS
Seychelles|5-10 years| https://www.bdswiss.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
BDSwissSC-Demo01
BelgiumInfluence
A
Influence index NO.1
Germany 7.06MT4/5 Identification
MT4/5 Identification
Full License
BelgiumInfluence
Influence
A
Influence index NO.1
Germany 7.06Surpassed 47.60% brokers
Contact
Licenses
Single Core
1G
40G
Disclosure
Warning
Contact number
+44 2036705890
+49 3021446991
+39 0689970124
+34 910756937
Other ways of contact
Broker Information
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BDS Markets
BDSWISS
Seychelles
Pyramid scheme complaint
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- The number of the complaints received by WikiFX have reached 16 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- United StatesNFA (license number: 0486419) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
- This broker exceeds the business scope regulated by United States NFA(license number: 0486419)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
- The CyprusCYSEC regulation (license number: 199/13) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The Seychelles FSA regulation with license number: SD047 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $10 |
| Minimum Spread | From 1.5 |
| Products | Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $10 |
| Minimum Spread | from 1.5 |
| Products | Forex CFDs, Commodities CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | $100 |
| Minimum Spread | from 1.1 |
| Products | Forex CFDs, Commodities CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $100 |
| Minimum Spread | From 0.3 |
| Products | Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $500 |
| Minimum Spread | From 1.1 |
| Products | Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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WikiFX Data provideBDSWISS · Company Summary
| BDSWISS Review Summary in 10 Points | |
| Founded | 2012 |
| Registered Country/Region | Seychelles |
| Regulation | FSA (offshore) |
| Market Instruments | CFDs on Forex, Shares, Indices, Commodities & Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | 1:2000 |
| Spread | From 1.3 pips (Classic account) |
| Trading Platforms | MT5, BDSwiss Mobile app, BDSwiss WebTrade |
| Minimum deposit | $10 |
| Customer Support | 24/5 - live chat, contact form, email, Help & Support Center |
BDSWISS Information
BDSwiss is an offshore-regulated forex and CFD broker that was established in 2012 and is registered in Seychelles. The broker offers a range of trading instruments across multiple asset classes, including forex, commodities, shares, indices, and cryptocurrencies.
Pros & Cons
BDSWISS offers a wide range of trading instruments across multiple asset classes, making it a versatile platform for traders. The absence of deposit and withdrawal fees is a definite advantage for those who prioritize low-cost trading. Additionally, the broker's extensive educational resources can be beneficial for novice traders who want to improve their trading skills.
However, some traders may find the offshore Seychelles Financial Services Authority (FSA) license to be a drawback.
| Pros | Cons |
| • Wide range of trading instruments across multiple asset classes | • Offshore FSA license |
| • Various account types | • Negative reviews from their clients |
| • Multiple trading platforms and tools | • Overnight charges, currency conversion, and inactivity fee |
| • Free deposits and withdrawals | |
| • Rich educational resources for traders of all levels |
Note that this table is not exhaustive and there may be additional pros and cons to consider.
Is BDSWISS Legit?
| Protection Measures | Detail |
| Regulation | FSA (offshore) |
| Segregated Accounts | Separate from the company's operating funds, protecting clients' funds in case of bankruptcy |
| Negative Balance Protection | Ensuring that clients cannot lose more than their account balance |
| SSL Encryption | To protect its clients' personal and financial information during transmission |
| Two-Factor Authentication | As an extra layer of security to protect clients' accounts from unauthorized access |
| Investor Compensation Fund | Provides additional protection to clients in the event of BDSWISS's insolvency |
These measures help to ensure that BDSWISS provides a safe and secure trading environment for its clients.
Our Conclusion on BDSWISS Reliability:
Based on the information provided, BDSWISS appears to be a reliable and reputable online broker. It is offshore regulated by Seychelles Financial Services Authority (FSA), offers negative balance protection and segregates client funds.
Market Instruments
BDSwiss offers 250+ trading instruments across various asset classes, providing traders with numerous options for diversification. Forex traders can access over 50 currency pairs, including major, minor, and exotic pairs. The platform also offers CFD trading on precious metals such as gold, silver, and platinum, as well as energy products like crude oil and natural gas. Additionally, traders can choose from a range of popular stock CFDs, including shares of leading companies in the US, Europe, and Asia. BDSwiss also provides access to a range of global stock indices, such as the S&P 500, FTSE 100, DAX 30, and Nikkei 225. Finally, the platform offers trading on popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Account Type
Demo Account: BDSWISS provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: BDSWISS offers a total of 4 account types: Cent, Classic, VIP, and Zero-Spread. The minimum deposit to open an account is $10, $10, $250 and $100 respectively. The threshold to open an account at BDSWISS is quite low. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
Leverage
BDSWISS offers a maximum leverage of up to 1:2000 for all account types, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Spreads & Commissions
BDSwiss offers variable spreads and commissions based on the type of trading account.
| Account Type | Spread | Commission |
| Cent | From 1.6 pips | ❌ |
| Classic | From 1.3 pips | ❌ |
| VIP | From 1 pip | ❌ |
| Zero-Spread | From 0.0 pips | $6 |
Trading Platforms
As for the trading platform, BDSWISS provides its clients with many options. There is a public platform - MT5 that has served many clients worldwide, also BDSWISS's own platforms - BDSwiss Mobile APP, BDSwiss WebTrader. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT5. But BDSWISS's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
Trading Tools
BDSWISS provides a range of trading tools to help its clients in their trading activities.
The economic calendar allows traders to keep track of important upcoming events that can affect the markets.
The VPS service provides fast and reliable connection to BDSWISS servers for traders who use automated trading strategies.
The Trade Companion is a trading assistant that provides users with insights and trading signals.
The Trends Analysis tool helps traders to identify trends and make better trading decisions.
Trading Central provides technical analysis and market insights.
The Autochartist tool analyzes charts and helps traders to identify trading opportunities.
Trading Alerts notify users of important market events.
The Currency Heatmap tool allows traders to see the relative strength of different currencies.
Finally, the Trading Calculators help traders to manage their risk and calculate their potential profits and losses.
Deposits & Withdrawals
BDSWISS offers a wide range of deposit and withdrawal options, including Visa, MasterCard, Skrill, Neteller, Bank Wire, Pay Retailers, cryptocurrencies, AstroPay, Globepay, MPESA, airtel tiGo, korapay, and more.
The broker does not charge any fees for deposits or withdrawals.
BDSWISS minimum deposit vs other brokers
| BDSWISS | Most other | |
| Minimum Deposit | $10 | $100 |
Most deposits are processed instantly. For withdrawals, BDSWISS strives to process most requests within 24 hours, although the processing time may vary depending on the payment method used and the verification requirements.
Fees
BDSWISS charges overnight fees on all positions that are held open overnight, and the rates depend on the instrument being traded. The broker also charges a currency conversion fee for deposits made in a currency different from the account currency. Moreover, if no trading activity occurs for over 90 days, a monthly fee of $30 will be deducted from your account balance, until the account balance is 0. This charges covers the maintenance/administration expenses of such inactive accounts. It is important for traders to keep these fees in mind when planning their trading activities, as they can impact the overall profitability of their trades.
Customer Service
- Languages: English, polish, German, Italian, French, Arabic, Thai, Filipino, Chinese, Indonesian, Portuguese, Romanian, Russian, Turkish, Danish, Norwegian, Korean, Czech, Malay, Vietnamese, etc.
- Service Hours: 24/5 multilingual live chat
- Phone Number: +44 2036705890
- Email: support@global.bdswiss.com
- Social media: Facebook, Instagram, LinkedIn, YouTube, Twitter, Telegram
- Address: Suite 3, Global Village, Jivans Complex, Mont Fleuri, Mahe, Seychelles.
- Help/Support Centre are also available.
Education
BDSWISS provides a range of educational resources to assist traders in improving their trading knowledge and skills. They offer a variety of educational materials, including Forex eBooks, LIVE Education, Forex Basic Lessons, Forex Glossary, Educational Videos, and Seminars.
Their Forex eBooks cover various topics, such as trading psychology, technical analysis, and risk management, to help traders develop a well-rounded understanding of the Forex market.
They also provide live education through webinars, which are hosted by industry experts, and interactive training sessions.
The Forex Basic Lessons are designed to help beginner traders learn the basics of Forex trading.
Additionally, they offer educational videos that cover different aspects of trading, and traders can attend in-person seminars held in different locations globally.
Conclusion
All in all, BDSWISS offers a diverse range of trading instruments with competitive spreads and commissions on different account types. The broker provides a variety of deposit and withdrawal options with no fees charged, and fast processing time. BDSWISS also offers various educational resources and trading tools. However, is offshore regulated by Seychelles Financial Services Authority (FSA) and there are some negative reviews from their clients saying that they have met severe slippage and unable to withdraw. Every trader should be cautious before trading or investing with a broker.
Frequently Asked Questions (FAQs)
| Q 1: | Is BDSWISS regulated? |
| A 1: | No. The Seychelles Financial Services Authority (FSA) license BDSWISS holds is offshore. |
| Q 2: | Does BDSWISS offer demo accounts? |
| A 2: | Yes. |
| Q 3: | Does BDSWISS offer the industry-standard MT4 & MT5? |
| A 3: | Yes. It supports MT5, BDSwiss Mobile APP, and BDSwiss WebTrader. |
| Q 4: | What is the minimum deposit for BDSWISS? |
| A 4: | The minimum initial deposit to open an account is only $10. |
| Q 5: | Is BDSWISS a good broker for beginners? |
| A 5: | Yes. It is a good choice for beginners because it offers demo MT5 accounts that allow traders to practice trading without risking any real money, and it also offers rich educational resources. |
News
NewsBDSwiss Wins Two Prestigious UF Awards Global 2024
BDSwiss excels at the UF AWARDS Global 2024, winning top honors for research, education, and trade execution, setting new industry standards.
WikiFXNewsBDSwiss Dominates UF Awards LATAM 2024 with Dual Wins
BDSwiss excels, securing top spots for innovation and education at the UF Awards LATAM 2024.
WikiFXNewsBDSwiss Fined €100K by CySEC
Recent regulatory actions by the CySEC have resulted in an administrative fine of €100,000 imposed on BDSwiss Holding Ltd, shedding light on the company's non-compliance with mandatory requirements and its association with offshore entities, while offering investment services in CFDs.
WikiFXNewsBDSwiss Crowned Best IB/Affiliate Programme Provider
BDSwiss, a leading financial services group specializing in regulated CFD trading and investment products, garners recognition and prestigious awards for its exceptional Partnership Programme, solidifying its position as a global leader in the Forex and CFD industry.
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