BDSwiss Review: Is BDSwiss A Good Broker For You?

Lastly, BDSwiss incorporates swaps, which are dependent on both the position size and the specific product held overnight. These factors should be taken into consideration when trading on the platform. First of all, MT4 is the most popular online trading platform of all time, but different brokers change them and customize them ever so slightly. There are lots of various MT4 applications lying around online, and BDS compiled a lot of them. There are more than 200 distinct instruments, charts, tools and other stuff.

Forex (currency pairs) – GBP/USD, AUD/USD, USD/CAD, EUR/USD, EUR/GBP, NZD/USD, EUR/CHF, USD/JPY and others. Stellar is a Blockchain project started in 2014 by Jed McCaleb and Joyce Kim. Transactions bdswiss forex broker review on Stellar and XRP are well renowned for being rapid and affordable. It’s a flexible platform that lets users build bespoke digital tokens and exchange different currencies.

Trading platforms available in BDSWISS – A Review

In addition, BDSwiss provides industry leading third-party research tools such as Trading Central and Autochartist. The broker also provides trading courses, webinars, and other high-quality educational content to help traders improve their trading skills. BDSwiss is a multi-regulated and award-winning broker that offers a wide selection of products for trading across several asset classes. They provide robust trading platforms, as well as extra trading tools and a wealth of training content. Account types are adaptable to your specific needs, and customer service is swift and courteous.

  • You can decide for yourself if
    BDSwiss is a good broker for you or not by reviewing the criteria.
  • BDSwiss has both commission-free and commission-based trading options available.
  • Additionally, BDS Ltd is duly authorized and regulated by the Financial Services Authority (FSA) in Seychelles, holding License Number SD047.
  • BDSwiss offers its clients various account types, each tailored to individual preferences and expertise levels.

However, there are some gaps due to operation via International branches only. The BDSwiss WebTrader does not require downloading and it is fully synchronised to the downloadable versions of the MT4, allowing for live price monitoring via an advanced market watch. Translated in more than 20 languages, our WebTrader is designed to accommodate the needs of traders around the globe. Direct-to-consumer marketing is a tactic designed for companies that offer their goods directly to
customers rather than through conventional distribution Channels.

Trading accounts of BDSwiss

With other fees, deposits and withdrawals tend to be largely fee-free, though you must withdraw more than $20 to avoid a $10 broker fee. Standard overnight charges apply unless you are trading on an Islamic Account, and a steep inactivity fee of 10% of your balance after 90 days of inactivity is in place. BDSwiss has both commission-free and commission-based trading options available. If you choose to open the most popular individual account, then trading here is commission-free with a spread that starts relatively high at 1.5 pips on some markets. BDSwiss is authorized and regulated by the Financial Services Authority of Seychelles. However, it’s also worth mentioning that the broker keeps investors’ funds in segregated accounts, provides traders with negative balance protection, and is a member of the traders’ compensation scheme.

BDSwiss stands as a notable institution in financial services, extending its expertise in Forex and CFD investments to a global clientele. Established in 2012, BDSwiss has consistently delivered favorable conditions, competitive pricing, and efficient execution across a diverse array of over 250 CFD assets. Over the years, it has evolved into a prominent forex broker, offering its trading services in more than 180 countries worldwide. BDSwiss provides a generous selection of over 1,000 trading instruments that include various asset classes such as forex, commodities, cryptocurrencies, indices, stocks, and ETFs.

BDSwiss Platforms And Tools

I think they could provide some more currency options such as the JPY. Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant. There are zero fees on deposits with credit card or electronic wallets. There is a multilingual customer support team on hand 24/5 to answer your questions and assist you. Customer support is provided via online chat, telephone and email. If you would prefer 24/7 support, then Trading 212 have got your covered.

BDSwiss Review – 19 Key Point Quick Overview

The economic calendar displays the latest economic news releases along with the level of impact they are expected to have. You can filter the results based on date, category, country and impact. I check it most days so I know what is happening in the financial markets and if I need to act on it. The trading signal service is exclusive to BDSwiss black account holders. To receive the signals, you need to download the Telegram app and request to join the VIP alerts Telegram channel. I think it would be great if they could offer this service to all clients.

While a combination of spreads and commissions accounts for the bulk of fees, BDSwiss also provides a premium Raw Account with spreads starting from 0 pips and commissions set at $5 per traded lot. The classic account carries an averagespread of 1.5 pips, an unacceptable mark-up relative to the industry. A reduction to an average of 1.1 pips in the VIP account is combined with up to 40% lower commissions on all indices and shares.

Is BDSwiss safe?

However, as we always recommend check on the regulation carefully and never sign in with only offshore registered brokers (read more why avoid trading with offshore brokers). No, BDSWISS is not a scam; instead, it is a broker with many years of experience and a solid track record. The Financial Services Authority (FSA) of Seychelles has authorized and regulated BDS Ltd.

CFDs stand for Contract For Difference, and traders exchange them to get short-term benefits. CFDs are not generally used for long-term investing, however, they are the primary choice for speculating on short and medium-term prices. What’s great about CFDs, is that traders do not own them, and therefore, trades can be placed in both long and short directions. In other words, when you trade a stock CFD, for example, you can short-sell the stock and get benefits when the market’s going down. Physical stocks, on the other hand, are only profitable when investors buy low and sell high.

Learn Forex Trading

This broker deploys a reasonable fee structure for index CFDs at $2 per lot, and a 0.15% charge per share applies to equity CFDs. Demo trading is extremely useful for both, beginner and experienced traders alike. Beginners use demo accounts to get accustomed to trading platforms and brokers’ policies, while professionals use demo accounts to improve their active strategies and develop new ones in a risk-free environment.

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