Our opinion

Our opinion

Since its launch in 2012, BDSwiss has built up a solid reputation in the trading market. Offering Forex, CFD and crypto trading, this broker has notably made a name for itself in Germany, where it holds the leading position. Today, he is also entering the French forex broker market and welcomes beginners and advanced traders alike. Is it a reliable broker? And what are its trading conditions? Here is our complete test on BDSwiss

Bdswiss, General opinion

Bdswiss is one of the best known Forex and CFD trading brokers in Europe. It was founded in 2012 and is located in Zurich, Switzerland. It is currently used by more than one million users worldwide. And it handles more than 11 billion trading volumes per year to its claim.

We wanted to find out more about this online broker, hence this opinion on Bdswiss 2019.

BDSwiss, info to know

BDSwiss is the abbreviation for Banc de Swiss. In the year of its launch, 2012, almost 20,000 people registered on its trading platform. But this quickly grew to 400,000 people in 2015 before the 1,040,000 or so in 2018. It has already processed nearly 10 million transactions in 2018 compared to only 130,000 in 2012.
It has received several prestigious awards since its inception in 2012. Among them, it won the title of Best Trading App by Mobile Star Awards in 2018. This year, it has already won the title of Best Trading Conditions 2019 by World Finance and the same title as last year by Mobile Star Awards.

Bdswiss a reliable broker? (Market regulation)

BDSwiss is no longer just an independent broker. It is now part of a global group, but has always remained in Switzerland. It therefore has several licenses to offer its services in more than 100 countries. In the European Union, BDSwiss Holding PLC is regulated by CySEC (Cyprus Securities and Exchange Commission) licence no. 199/13. In Germany, it has the registration number HRB 160749B through the company BDSwiss GmbH. In the jurisdiction of Mauritius and surrounding countries, it owns the company BDS Markets, which is regulated by the Financial Services of Mauritius (FSC), licence no. C116016172. And finally in the United States, BDSwiss is licensed to operate under the U.S. National Futures Associations (NFA), license no. 0486419.

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Take a look at our other trusted regulated brokers:

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BDSWISS home page

Opening an account at Bdswiss

To be able to trade on BDSwiss, you must first open an account. To do so, click on the blue button “Registration” in the top right corner. There you will be redirected to the registration page, which, according to the website itself, takes no more than 49 seconds. After your first name, surname, country of residence, telephone number, e-mail address and password. You finish by ticking the box below to access its General Conditions, the required Legal Documents and its Personal Data Protection Policy and that’s it.

Conditions of access

A single account allows access to the different trading formats offered on BDSwiss. Whether you opt for CFD, crypto or the Forex market, there is no minimum deposit required when registering, however you must provide some identification documents. The portal requires a valid ID and proof of residence for each new applicant.

As soon as registration is confirmed, all members of the broker can start trading directly on the platform. A free demo account is also available for those who wish to practice without risk.

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Forex trading offers and CFDs

Forex and CFD trading enthusiasts are also welcome at BDSwiss. A wide range of instruments can be traded on the portal and, as a bonus, the broker applies rather interesting conditions. As a reference, the spread applied for the EUR/USD pair is 0.01% or only 1.2 pip. CFD trading is mainly done on the MetaTrader 4 software, which can be downloaded online and is suitable for mobile devices. Regarding the minimum deposit required, each trader is free to determine the amount of his capital.

Guarantees for traders

But, of course, bonuses and other benefits are not enough to reassure traders. In the case of BDSwiss in particular, the broker has taken various measures to secure its transactions. In particular, the entire portal is protected via an SSL encryption system, which protects the data. BDSwiss also applies the principle of account segregation, which places customer funds in independent accounts. As a bonus, it offers each trader a fund guarantee with the ICF or Investor Compensation Fund. In the event of insolvency, the broker’s clients are thus reimbursed up to €20,000.

Deposit of money

As far as depositing money is concerned, BDSwiss offers a choice of more than a hundred possible payment methods. It all depends on your country. The minimum deposit accepted is 200 €, with no maximum limit. And know that you have to choose the account on which you want to deposit this money first. You can choose between 3 types of accounts for your deposits:

  • Forex MT4 Live
  • Forex MT5 Live
  • Forex MT4 Raw

And among the permitted modes of deposit are:

[su_row][su_column size=”1/2″ center=”no” class=””]- Visa
– MasterCard
– Maestro
– PaysafeCard
– GiroPay
– Sofort
– Ukash
– Neteller
– Skrill[/su_column][su_column size=”1/2″ center=”no” class=””]- EPS
– SafetyPay
– Bitcash
– Ethereum
– Bitcoin
– Bank transfer[/su_column][/su_row]

In addition to fighting against money laundering and having a strict privacy policy, we were delighted to see that BDSwiss secured well the transactions that occur on its platform. It benefits from an SSL (Secure Sockets Layer) security system implemented by Digicert, a well-known name in the field of online security.

Bdswiss and its trading platform

You can choose between 2 types of trading platforms on BDSwiss: Metatrader4 and MetaTrader5. With the MetaTrader4, you still have the choice between a basic account where you can trade more than 250 CFDs. It is of course the world’s first trading platform, which is fluid, efficient and comprehensive at the same time. And then you have the Forex MT4 Raw account, where you have the chance to trade with spreads of 0.0 pips and more. This one requires a subscription.
We especially liked the fact that BDSwiss uses a platform that is already very popular in this field. MT4 records the maximum number of traders in the world. MT5 is also starting to appeal to many more people. In addition to being easy to use, it is very ergonomic and would allow a beginner to get used to it quickly.
In addition to its platforms, it provides its member traders with several trading tools. Autochartist is one of them, as is the Forex Calculator. He even guides beginners through online courses in his famous Trading Academy. Live webinars are regularly broadcast there too.

Customer Service

BDSwiss customer service is available 24 hours and 5 days. You have several ways to contact them:

  • Telephone: 339 751 (United Kingdom and French Switzerland)
  • Email: support@bdswiss.com
  • Live chat
  • Telegram
  • Whatsapp

Withdrawal of money

For both deposits and withdrawals, simply go to the Payments menu on the left side of your dashboard. There, you will have the Withdrawal tab and you can choose the amount to be paid into your bank account, e-wallet or credit card. It will be totally free for withdrawals over €100. On the other hand, there will be a €10 fee for withdrawals of less than €100 by bank transfer. The same applies to withdrawals of less than €20 for other means of payment.

The training courses offered

Bdswiss is unanimously recognized as one of the brokers that stands out for its commitment to member education. With this in mind, the platform offers several ways to train and deepen one’s knowledge in the trading environment.

Practical guides and other educational content

Small guides are available to all platform members, and aim to popularize a specific technical point, for example the basics of risk management in trading, or which indicators to rely on to buy or sell. These very practical points, designed to be put into practice, are available in video format on their site. We can also note the presence of webinars that the broker organizes regularly, and which are ideal to start if you have no training in trading. Finally, Bdswiss offers a FAQ which is much more consistent than that of its competitors, in which it deals with much wider subjects than just the functioning of the site.

The Demo Account

Like many of its competitors, BdSwiss offers a Demo account, where the money used is fictitious. We can’t stress this enough, if you want to start trading, start by testing your strategies with a Demo account. Just to get used to the platform and not get lost in its features when you actually put your money in it.

The Mobile Bdswiss application

BDSwiss follows the trends in mobile device trading well. And you’ll be happy to know that its dashboard as well as its trading platforms are available on both Google Play Store and App Store. This is a great way to be able to trade anytime and anywhere, regardless of whether you have an iOS or Android device.

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Broker Details

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