Want to see if BDSwiss is a legit broker? Safe to trade? The spread is high or low? How to deposit or withdraw funds?
We provide answers to all the questions in this BDSwiss Review.
We checked BDSwiss licenses and regulations and see if BDSwiss scam or safe. We compared BDSwiss fees like spread & commission from its live account to over 150 brokers, the time for deposit & withdrawal and many more findings all in this review.
What is BDSwiss
BDSwiss is a global Forex and CFD broker, established in 2012 with headquarters in Switzerland.
The company operates through international subsidiaries and holds the licenses issued by the CySEC in Cyprus, top tier NFA in the US, and registration from BaFIN Germany, Seychelles and Mauritius.
|🗺️ Regulated in||Cyprus, USA, Seychelles, Mauritius|
|🛡️ Is BDSwiss safe to trade||Yes|
|💵 EUR/USD spread||1.7 pips|
|🏦 Deposit||Bank Wire, Cards, Skrill, Neteller, Bitcoin|
|💰 Minimum deposit||US$100|
|🏦 Withdrawal||Bank Wire, Cards, Skrill, Neteller, Bitcoin|
|💻 Trading platform||MT4, MT5, BDSwiss Webtrader|
|💳 Trading markets||Forex pairs & CFDs on Shares, Indices, Energies, Metals & ETFs|
|📈 Number of product||1000+|
|📉 Live chat response||Fast and relevant answers|
License and regulation are crucial to traders’ fund security. We check the broker’s license and its background, and how are you protected if something goes wrong.
Is BDSwiss legit
BDSwiss is regulated by several financial authorities and is fully legit. The group headquarter is based in Switzerland, however the Swiss entity does not offer any trading services.
The operation of trading environment is maintained by subsidiaries in Cyprus regulated by CySEC and registration as tied-agent by BaFin in Germany, USA entity is NFA authorized.
Two international entities that are based in Mauritius and Seychelles are also registered.
BDSwiss licenses and status
|Entity||Registered in||Regulator||License no.||Status|
|BDSwiss Holding Ltd||Cyprus||Cyprus Securities and Exchange Commission (CySEC)||199/13||Currently Regulated|
|BDSwiss LLC||USA||National Futures Association NFA||0486419||Currently Regulated|
|BDS Markets||Mauritius||Financial Services Commission (FSC Mauritius)||C11006016172||Registered|
|BDS Ltd||Seychelles||Financial Services Authority (FSA Seychelles)||SD047||Registered|
Is BDSwiss safe
BDSwiss is considered safe because it is regulated by the European CySEC and top-tier regulator NFA in the US.
BDSwiss operates 4 legal entities, plus is registered tied-agent in Germany and numerous other jurisdiction where BDSwiss maintains offices.
The matter of entity applies differences in regulations and compensation, BDSwiss international entities are registered in offshore zones Mauritius and Seychelles.
BDSwiss compensation scheme
|Entity||Compensation Amount||Negative Balance Protection|
|BDSwiss Holding Ltd||€20,000||Yes|
|BDSwiss LLC||No compensation||Yes|
|BDS Markets||No compensation||No|
|BDS Ltd||No compensation||No|
We recommend to register account with Cyprus or USA entity and advice avoid offshore entities due to low regulations
BDSwiss provides negative balance protection according to local laws, however offshore zones do not demand this rule so conditions may be different.
Markets and Products
BDSwiss offers good range of instruments, but range is depending on jurisdiction rules. You can trade Forex pairs and CFDs on Shares, Indices, Energies, Metals and ETFs.
Cryptocurrency is available for trading only through international entities, excluding EU and US clients.
|Cryptocurrencies||20 (international clients only)|
BDSwiss has four account types with different pricing models, included benefits and trading capabilities. Islamic Accounts available on request.
Login to My BDSwiss Account gives access to your account management area or account opening step by step.
|Minimum Deposit||100 USD||3,000 USD||5,000 USD||5,000 USD|
|Spreads From||1.5 pips||1.1 pips||0.0 pips||DMA|
|Commissions||$0 on all pairs|
$2 on indices
& 0.15% on shares
|$0 on all pairs|
$0 on indices
& 0.15% on shares
|$5 on all pairs|
$2 on indices
& 0.15% on shares
|0.1% per unit|
Fees and commissions
We ranked BDSwiss fee levels are average based on Live Account Spreads and Low for Invest Accounts compared to 150 brokers in our database.
The spread we collected for popular instruments from 6 markets and over 150 brokers
|Forex||EUR/USD||0.1-0.9||1-1.5||1.6 or higher|
|Indices||US 500||0.1-0.4||0.5-1.4||1.5 or higher|
|Commodities||Gold||0.1-0.4||0.5-2||2.1 or higher|
|Stocks||Tesla||0.1-0.5||0.6-1||1.1 or higher|
|ETFs||US Russell 2000||0.1-0.4||0.5-1.4||1.5 or higher|
|Cryptocurrencies||Bitcoin||0.1-0.5%||0.6-0.9%||1% or higher|
BDSwiss fee structure is different in each account type.
We check average spread for BDSwiss spread based accounts Classic and VIP, compared to industry benchmarks the BDSwiss spreads are within average and slightly higher for Stocks, spreads are competitive for VIP account.
Raw accounts based on raw spread plus commission and solely commission Invest accounts are also great for Shares trading and competitive opportunity for professional or bigger size traders.
|Markets||Instruments||Classic account||VIP Account||Other brokers’ avg spread|
|Indices||US 500||0.36 + 2$||0.46||0.5-1.4|
|Stocks||Tesla||2.28 + 0.15%||0.6-1|
|ETFs||US Russell 2000||Only at Invest Account||0.5-1.4|
BDSwiss has low non-trading fees. There is no fee for deposit, or withdrawals, or inactivity fee.
The trading conditions at BDSwiss are good, but are different in each entity. Almost all trading strategies are allowed including scalping, EAs, copy trading and hedging.
|Change Leverage Allowed||Yes|
For hedging, there are no time limitations for keeping hedging positions.
Scalping is supported and BDSwiss cooperating with VPS service providers for traders who run Expert Advisors (EAs).
Trading with leverage is included and depending on the entity and instrument, the maximum levels are 1:500 for Forex instruments and international clients.
BDSwiss covers deposit fees. Deposits available in various base currencies done through bank transfer, credit cards, and various e-payments. Deposit methods depending on your residency.
A bank transfer takes several business days, and payments with credit/debit cards and e-wallets are instant.
|Deposit Method||Funding Time||Fee|
|Bank Wire Transfer||1-4 Business Days||0$|
|Credit / Debit Card||Immediate||0$|
|Bitcoin, Litecoin, Bitcash||Immediate||0$|
Minimum deposit requirement depending on the account type and entity conditions. The lowest requirement is for Premium account require $100, Zero Spread 200$ etc.
BDSwiss charges no fees for withdrawals.
BDSwiss process and confirms withdrawals quickly within 1 business days.
|Withdrawal Method||Withdrawal Time||Fee|
|Bank Wire Transfer||1 business days||Free|
|Credit / Debit Card||1 business days||Free|
|Skrill, Neteller||1 business days||Free|
BDSwiss does not run offers or bonuses. There is only recently newely launched deposit bonus only available for international traders.
BDSwiss variety of platforms includes both industry and proprietary software platforms MetaTrader4, MetaTrader5, BDSwiss WebTrader and Native Mobile App.
If you prefer MetaTrader technology BDSwiss MetaTrader5 is packed with additional tools and supporting multiple languages, also available across all devices on Windows, Mac, and Mobile Apps for Android and IOs.
Research and Tools
BDSwiss research tools are great, you can find technical tools on platforms and additional research like Autochartist, Economic Calendars, Premium Trends Analysis Tools, Special Reports, VIP Trading Alerts, exclusive features and well-designed News Feed.
BDSwiss research tools are available in different places:
- BDSwiss trading platform
- Research section on the website
- MyBDSwiss account area
Education in BDSwiss is excellent quality. Both beginners and seasoned traders can enroll for trading courses and learn via trading videos, Webinars, 1 on 1 VIP sessions, Live Education, Seminars, exclusive Webinars and more.
Education category is well organized and we cant notice any gaps.
Demo accounts are on free use and available for all platforms with Classic account conditions.
At BDSwiss you can learn in the following ways:
- Demo account
- Trading videos and glossary
- Webinars, Exclusive Webinars
- Educational articles and 1 on 1 Learning
- Copy Trading
BDSwiss customer service is good, agents are available around the clock and speak international languages, and we also got relevant answer via the Live Chat.
You can contact BDSwiss 24/5 by:
- Live chat
|Question Asked||We asked about investment accounts.|
|Time of Reply||We connected to Live Chat after a short waiting time at first since no agents were available|
|Quality of Reply||The answer was very clear providing links and screens|
BDSwiss is a safe broker to trade. The company stands on a strong background and is regulated in various regions. Even though international proposal is done via the offshore entities.
Overall, BDSwiss is a good broker with reach proposal with different trading costs and accounts defined by the trading need, also variety of platforms, education and costs are at good level.
We recommend BDSwiss for beginning traders or trading Investors, and those traders who wish to either use MetaTrader or Proprietary software
Author of this review
By Jimmy O'Brien
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.