By Nathan Ferguson
BDSwiss Review
Being an international and well-established brokerage firm is no easy task in this day and age; however, BDSwiss seems to have done exactly that. Having been founded in Zurich, Switzerland, in 2012, this broker has since gotten actively involved with several leading markets and has become an immensely popular choice amongst traders worldwide. Right now, BDSwiss has over 1.5 million clients from more than 186 nations, in addition to an exclusive member club that has over 1.5 million traders all over the world. If you are wondering about how this broker has managed to do all this and become so successful, then read on through our BDSwiss review to find out.
Asset index
BDSwiss offers continued access to a variety of tradeable assets (over 250, in fact). Among these, you can find assets in ETFs, CFDs, cryptocurrencies, commodities, forex, indices and shares.
It is thus a simple matter for traders to get involved in several leading markets as the users are given access to a majority of the popular and liquid markets out there. BDSwiss’ highly user-friendly portal can be utilized to begin benefiting from all of your trading activities from the get-go.
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Trading platform
BDSwiss offers a software solution centred around the MetaTrader4 platform, which of course, includes a vast array of solutions and detailed trading features. MT5 is also offered, in addition to web trading, mobile trading, and desktop trading capabilities.
Regulation
BDSwiss is fully authorised to function within the European Economic Area (EEA) zone. It is regulated by CySEC in Cyprus under license number 199/13. BDSwiss is therefore allowed to provide its services to its clients and can carry out offerings legally.
Furthermore, BDSwiss has operation offices situated in both Seychelles and Mauritius. It is registered under the Mauritius FSC. While some may be concerned about the apparent offshore registration, BDSwiss is nonetheless considered to be a safe option as it is regulated in parallel through European authorities.
Safety
In accordance with the abovementioned regulations, users will be fully protected when using BDSwiss. Client protection works in conjunction with the broker’s security of funds in order to deliver a safe and secure trading environment for all and to ensure legal compliance from the investors. Furthermore, so long as BDSwiss continues to be regulated, you will never have to worry too much about protection.
Additionally, BDSwiss is also registered under the United States’ NFA authority with the registration number 0486419.
Account options
Currently, there are 3 main types of accounts that users can choose from, namely the ‘Classic’, ‘VIP’ and ‘Raw’ options. These options were created in order to adhere to the different preferences of the traders. As such, advanced services, trading sizes, and lower costs were the primary sources of attraction.
The main difference between the 3 account types is that the ‘Raw’ option has interbank spreads as well as a commission charge for every lot, whereas both the ‘VIP’ and ‘Classic’ models are largely reliant on the spread only model. At the moment, you have the option of opening each account with the British Pound, U.S Dollar, and Euro currencies. This is useful as there are no charges regarding currency conversion. The ‘negative balance protection’ also guarantees that your balance will never fall beneath zero. Additionally, a ‘demo account’ function is also readily available on BDSwiss.
Fees
The fees with this broker are mainly dependent on the spreads, as for every underlying asset that traders are normally charged for, the typical applicable spread is implemented. There is an additional charge (regarding long and short positions) if traders choose to hold positions overnight. The margin requirement will also be taken into consideration.
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Customer support
We tried out BDSwiss’ customer support for ourselves, and it was a fantastic experience. Multilingual support is available, and the support service itself is top-notch and professional. Live-chat, direct call and email options can all be used to contact customer support if need be.
Conclusion
Overall, we would recommend BDSwiss as your preferred broker because of the fact that it caters to countless traders worldwide and also because it is trusted, secure, and easy to use. The trading conditions are stable, and legendary Swiss expertise is relied on regarding all things finance.