BDSwiss is this a scam? Review and Customers Reviews

BDSwiss – is one of Europe’s leading financial institutions specializing in Forex and CFD trading. At the moment this Forex broker serves more than one million clients worldwide. The company has been on the market since 2011, but became fully operational in 2012. The very idea of BDSwiss originated in the Swiss city of Horgen (near Zurich), where one of the project founders used to live. The brokerage company offers favorable conditions of cooperation: first-class financial products, a line of trading terminals and high-quality technical support.

But is everything really as great as BDSwiss.com management describes it? Is it worth investing in such a business? BDSwiss – is it a scam and scammer, who is not interested in anything but customers’ money? Let’s answer these intriguing questions in our detailed review!

 

Terms of trading with BDSwiss

This forex broker offers clients to trade stocks (140+), indices (10+), currency pairs (50+), commodities (5+) and cryptocurrencies (20+). In general, more than 250 underlying assets from the world’s leading exchanges are available. With BDSwiss, you can profit from cost-effective and scalable CFDs covering a wide range of global markets.

On this financial marketplace, you can manage the size of your trading positions with an intuitive order window, increase market exposure with leverage, and reduce trading costs with competitive spreads. You can buy and sell hundreds of CFD assets, including exotic currency pairs. BDSwiss trading conditions:

• a wide range of tradable instruments;
• attractive spreads – from 0.3 pips;
• leverage from 1:5 to 1:500;
• min order volume – from 0.01 of a standard lot;
• 0.15% commission on all CFD assets offered;
• training and educational events (webinars, seminars);
• automatic trading systems, scalping, arbitrage;
• analytics – daily market analysis, economic news, trading tips;
• 24/5 round-the-clock technical support.

For each underlying asset there is a standard applicable spread, margin requirement, rollover for short and long positions. The schedule of trading sessions for each asset is also available. There are almost unlimited possibilities for private traders, from exclusive analysis tools to research by professional stockbrokers and financial market analysts. The BDSwiss website is translated into 22 languages: Russian, English, German, Spanish, French, Polish, Arabic, Thai, Czech, Portuguese, Indonesian, Filipino, Turkish, Italian, Korean, Norwegian, Danish, Vietnamese, Hindi, Chinese, Romanian and Malaysian. The resource itself makes a good impression.

There are no difficulties with navigation, the sections of the site are well thought out. Finding the necessary information is not difficult. In addition to a description of the services provided by the forex broker, the company’s portal offers training materials and analytical services (Forex Trading Training). BDSwiss uses a security system with international SSL (Secure Socket Layer) accreditation, which ensures the encryption of all online credit card payments. The currency can be chosen when you open a deposit. It may be Euro (€), US Dollar ($) or British Pound Sterling (£). Advantages of cooperation with BDSwiss:

• a wide range of financial and investment services;
• a platform that instantly opens trade deals;
• free training, education through coaching and webinars;
• mobile terminal;
• affiliate program;
• high leverage;
• fast execution of orders;
• low spreads.

Types of accounts

The broker offers customers 3 types of accounts:

• Basic – trading volume per month $0-50 000, approximate costs per month €1, only Major FX Pairs;
• RAW Spread – $50 001-1 000 000, costs €29 per month, Major, Minor FX Pairs + Gold;
• Black – $1,000,001-3,000,000, costs €79 per month, Major, Minor FX Pairs + Gold + free historical tick data and free VPS service.

The difference here lies in the balance of the trading and guarantee account. The bigger it is, the more attractive spreads and more interesting terms.

Registration

Signing up for BDSwiss is quite easy. And it is done completely free of charge. To do this you need to click on the “Register” button in the upper right corner of the site bdswiss.com and fill out the online form. Here you need to enter your personal information, contact information, and password. That’s all! You become the owner of a personal account at BDSwiss. Now you can choose a financial instrument and pass a compliance test to make sure you are aware of the risks involved. Then you need to upload your identification documents. This is done in order to verify your identity and start trading in Forex and CFD markets.

 

Platform bdswiss.com

The broker offers its clients the number one trading terminal – MetaTrader 4. Using this reliable platform, you can forex safely and with confidence. Its advantages include the following:

• free analytical tools;
• the possibility of applying analytical studies;
• simple and user-friendly interface;
• multilingual functions;
• a daily statement of account;
• a regularly updated feed;
• virtually limitless graphical possibilities.

MT4 trading software is perfectly equipped with tools for trading. It has all the necessary tools to create Expert Advisors (automatic trading), analyze the price dynamics of traded assets, make and edit trade deals. Exchange players can easily create a trading environment adapted to their own trading tactics. BDSwiss-Real01 or BDSwiss-Demo01 should be used. In order to log in you need to enter your Forex Demo or Forex Live account number. Also BDSwiss registration password and above mentioned server names.

In addition to MT4, forex broker offers its users the MetaTrader5 terminal. BDSwiss MT5 is an original and multifunctional platform that contains all the innovative features of MT4. However, this trading software has a wider range of advanced indicators and tools for successful trading. Among the pluses of MT5 we will highlight:

• the ability to display a hundred graphs at once;
• internal mailing system;
• automated trading with advisors;
• minimal slippage;
• more than 40 analytical objects and 80 technical indicators;
• setting Take and Stop Loss levels;
• support for extended order types;
• ultra-fast execution of orders.

With these platform advantages and advanced analysis capabilities, traders can better control their trades and make more informed trading decisions.

Broker quotes

BDSwiss.com stock prices are provided by the global financial portal Investing.com. The broker also cooperates with the financial and economic magazine Forbes, the news and information portal FXEmpire, the TV channels Welt, SkySports, DMAX and RTL. All the analytical information comes from these structures. These organizations have been in the market for many years, they can be considered as reliable liquidity providers.

 

Demo account DB Schwiss

BDSwiss offers users a free Forex/CFD demo account with virtual funds of $10,000. Access to the demo environment is opened after registration on the portal of the Forex broker we are considering. Demo account is created automatically for all customers, you can access it from your own toolbar.

 

Mobile application

The broker has developed its own mobile application BDSwiss for its clients, which has already won many awards. This application features a convenient and simple interface. By installing it, you can place and manage trades at any time and any place. Consider the world of trading in your pocket now! Advantages of BDSwiss development:

• opening of positions on any CFD-asset;
• tracking activity in the Forex market;
• full trading and transaction history;
• access to the account toolbar;
• cryptocurrency trading (Bitcoin, Litecoin, Ethereum, Ripple, etc.) in 24/7 mode;
• interactive diagrams;
• depositing and withdrawing funds “on the go”;
• quotes in real time;
• account setup and KYC check.

In terms of functionality, the mobile version is no worse than the PC platform. The application can be downloaded directly from the website bdswiss.com or from the App Store/Google Play.

 

Bonuses at BDSwiss

Unfortunately, due to regulatory restrictions this forex broker has stopped offering bonus programs. The company does not give bonuses to its clients, as it is prohibited by the European legislation. If the broker does not follow the regulations set by the law, he will have his license taken away. However, the platform regularly holds promotions, thanks to which BDSwiss.com attracts new users and motivates regular customers to be active.

Affiliate Program

The BDSwiss affiliate program allows anyone who is active in financial services to enjoy competitive compensation plans by providing broker products and services to their audience. To become an affiliate, you need to register at bdswiss.com.
Profits will depend on the type and quality of trades. For example, an affiliate will receive approximately $6 per lot traded on major currency pairs in a 50 percent revenue plan. In addition, it is possible to become a master affiliate and earn up to 5% from each sub-affiliate’s commissions.

 

Deposit and withdrawal

BDSwiss offers a rich selection of payment systems. These are both bank transfers and Skrill, и Credit Cards, and Sofortüberweisung, and cryptocurrency. When opening a deposit you can choose your preferred currency: NOK (kr), EUR (€),DKK (kr), USD ($),SEK (kr), GBP (£), PLN (zł), DKK (kr) or CHF (Fr). Minimum deposit amount is $200. Funds are deposited and withdrawn in the same way. In most cases withdrawals are free of charge. But there are some exceptions. If the user withdraws an amount less than 100 c.u., then the commission is 10 € to any withdrawal. For bank transfers up to 100€, and for other methods – up to 20€.

 

Complaints about Schwiss DB

There are both positive and negative reviews about this forex broker. And this is quite normal. Among such a variety of financial companies on the market, a particular broker simply cannot please all private traders at once. It is necessary to understand that each market player chooses a trading platform on the basis of his personal requirements and financial possibilities. For a beginner, the start at $200 is, of course, a serious and too risky step.

Most traders write that slippage on the terminal is minimal. Many people like BDSwiss’ own mobile application. All the features of MetaTrader 4 are available on it. However, the complaints about the broker, they are most likely written by unsuccessful traders and by order of competitors. Since more than 1 million clients work with the company, which is evidence of its reliability.

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The regulator of the broker BDS Ltd.

The rights to use the service belong to BDS Ltd. (Registration No. 202039). The company is registered at Tenancy 10, Marina House, Eden Island, Mahe, Seychelles. BDS Markets (registration number 143350) handles the payment operations. This entity is regulated by the Financial Services Commission (Mauritius, FSC, Licence No. C116016172).

• View the license of BDS Markets (owner of BDSwiss) on the FSC website
• Read the BDSwiss User Agreement at bdswiss.com

User Agreement bdswiss.com

The agreement provides all the most important information, which is worth studying before you register on the portal bdswiss.com. Here the basic concepts, the rules of working with a Forex broker, the rights and obligations of both parties are spelled out.

This is also where we find out what additional services BDSwiss customers can use:

The agreement also tells you where to go if you want to cancel the brokerage company’s services:

 

Is BDSwiss a Scam?

After reading a lot of comments on thematic forums, we have not found any complaints about gratuitous deposit closing or money squeezing from customers. There is nothing of the kind on the net. The company has a head office, it does not hide its location and is regulated by the Financial Services Commission. That’s why the forex broker is a fraud or a scam. BDSwiss you can’t exactly name it!

In addition, the broker himself warns about the risks associated with trading in the Forex and CFD markets. Such trading is highly speculative and has a high degree of risk. And the level of investment is up to everyone. You must be able to properly manage the risk and capital to receive a good profit. Moreover, before investing your capital you can try trading on a demo account.

 

Conclusion

To summarize, it can be said that BDSwiss offers a convenient and high-quality service. Users have to deal with narrow spreads and pay very small commissions. The company’s activity is regulated by FSC – Financial Services Commission, the broker has the corresponding license. Leave your comments about BDSwiss, help us to more accurately assess the quality of this Forex broker.