BDSwiss Review by Forex Peace Army Is it a good broker?25 sierpnia, 2020
BDSwiss offers the popular MetaTrader 4 and MetaTrader 5 platforms for desktop, which include advanced functions such as copy trading and automated trading. The BDSwiss WebTrader platform is accessible from all browsers and is available in over 20 languages. The platform has an intuitive, easy to use interface but is not very customizable. Basic order types are available, such as market orders, limit orders and stop loss orders. More advanced order types such as trailing stops are not available.
BDSwiss accepts international traders but not from everyone country in the world. You can see that clearly if you want to register on the homepage. Europe, Africa, Asia, and India are the most growing regions for trading.
At BDSwiss you may choose from leading Shares, Indices, Forex, Commodities, and Cryptocurrencies based on CFDs and ETFs on shares. BDSwiss provides access to seamless trading through a great range of 250+ underlying assets such as commodities and cryptocurrency. BDSwiss offers versions of both Metatrader4 and MetaTrader5 suited to various devices including PC, Mac, App, or Web platforms that require no installations. Yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders. Since the approach of the company establishment comes from Switzerland, its strong basis is confirmed by the great environment the company built.
According to BDSwiss themselves, over $5.3 trillion is traded on the foreign exchange market. BDSwiss is a class above ordinary binary options brokers because they enable you to trade in exotic currency pairs such as USD/SGD, USD/BRL, beaxy review USD/TRY, USD/ZAR, and USD/RUB. This gives you a chance to utilize a diverse trading portfolio and strategies. The best part is you are likely to enhance your chances of winning by trading in markets that are less competitive.
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If you wish to have this matter looked into, please provide us with your account details. Alternatively you can always contact our support team directly for further assistance. Yes, Credit/Debit cards are accepted for deposits as well as Bank Wire transfers, Skrill, Neteller and many more depending on the the country of residence. If you would like to find which payment methods are available for your country of residence please contact us through the relevant channels and our Team will be happy to assist you further.
Moving on in our BDSwiss Review 2022, let’s focus upon the other trading capabilities available with the platform. Once again, we’re duty-bound to inform you that US clients are not accepted by BDSwiss due to tax reasons, however, clients from the UK, Canada, Australia, New Zealand and most other countries can trade with the broker. When it comes to crypto trading, we’ve noted in this BDSwiss Review that they accept account holders from most countries across the world. Included in these countries are the UK, Australia, New Zealand and Canada. However, BDSwiss does not accept clients from a handful of countries, including the US. The initial process is extremely quick, however, you won’t have trading capabilities until your account has been fully verified.
For non-EU clients registered under FSC Mauritius () there are standard referral promotions and frequent competitions based on trading-volume. While the most basic version of the MT4/MT5 versions are granted, there is an optional Autochartist plugin for the MT4 but any other EAs and plugins need to be downloaded independently by BDSwiss traders. Numerous free upgrades are available, however, the upgrades that are necessary for experienced traders may be costly. Moreover, the MT5 platform lacks backward compatibility, rendering it an inconvenientoption to traders with existing solutions developed on the MT4 infrastructure. Hi Mj, we are sorry to hear that you feel this way about your BDSwiss Experience so far. As we are unable to identify your BDSwiss account through your 55Brokers username we cannot investigate this further for you.
The trader can decide for himself under which license he wants to trade. There is the possibility of unrestricted trading with leverage. Already over 1 million traders registered with this broker because he is also known for eye-catching television advertising. The name alone inspires confidence because the group of companies is controlled from Switzerland, Zug. Also in Germany and other countries, there is a customer center.
The app does not offer time in force orders, such as Good ‘Til Canceled . This feature allows traders to execute orders with a single click and no secondary confirmation. Being able to place a trade with a single click saves time and is especially useful for short term traders. The location of a broker will dictate the level of regulatory oversight and protections offered to investors. Due to a regulatory clampdown from tier 1 regulators such as the FCA, CySEC and ASIC, many brokers have moved offshore so it’s worthwhile doing your due diligence. In our trust category, we place most importance on how a broker is regulated.
BDSwiss is also regulated by the Financial Services Commission of Mauritius which allows the broker to offer non-EU residents more flexible leverage options. The leading Forex and CFD investment services institution, BDSwiss, has appointed Nicolas Shamtanis as its CEO. With joining BDSwiss team in September 2021, Nicolas brought along with him 15 years of experience in the global financial sector and forex industry specifically.
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BDSwiss Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select. If you are a trader of bigger size and the one prefer commission basis then Raw Account is your choice. The Raw account offers an interbank binary options hedging strategy spread averaging 0.3 for EURUSD and commission paid per transaction opening which is 5$. Whether you’re a new trader or a pro, we arm you with tight spreads, supersonic execution, advanced tools and an award-winning customer service. We’re also licensed, regulated and have customers in 100+ countries.
A forex account is a trading account held by a trader with a company like BDSwiss that is primarily issued with the purpose of trading currencies. With unregulated brokers, it can come to delays in disbursements or customer money fraud. This is not the case with BDSwiss because the company wants to continue to enjoy its good reputation. With payments of less than 100€, it can be expensive because there are fees of around 10 €.
BDSwiss also provides users access to AutoChartist for all trading account types, as well as additional premium features for VIP and Raw account holders. BDSwiss provides a simple, transparent trading offering suitable for both beginner and advanced traders. Users can choose from a variety of accounts to trade commission-free or commission-based on a wide variety of markets with access to raw spreads. It offers a wide range of account types, including a new subscription-based Raw Spread Account, which features very tight spreads and no commission in return for a monthly payment. The demo account is a USD 10,000 live market playground to practice trading and analysis.
Like most other brokers, BDSwiss offers four accounts with higher minimum deposits linked to lower spreads (for more details on BDSwiss’ trading accounts, click here). However, for the purposes of this review, we will be focusing on the three Forex accounts. These accounts are offered by various online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodities exchanges. A demo account is an account offered by some trading platforms, which is funded with phony money. This allows a potential client to experiment with the trading platform and get familiar with its various features, before deciding to set up a real account.
Forex pairs at BDSwiss are tradeable as CFDs using any of the available trading platforms. All deposits are entirely free of fees and won’t cost traders anything. The choice of financial assets offered by BDSwiss is slightly limited compared to other large international brokers, and more advanced traders looking for particular instruments may be disappointed. However, BDSwiss’ cryptocurrency offering far exceeds that of other brokers. The minimum deposit on the VIP Account is 3,000 USD, and spreads are average at best, starting at 1.1 pips on the EUR/USD. In addition to the tighter spreads, the VIP Account comes with access to several trading and educational tools, including AutoChartist, a personal account manager, and VIP access to built-in trend analysis tools.
It is a fact that you are always protected as long as the broker is regulated by the regulations which BDSwiss maintains remarkably well. BDSwiss offers the BDSwiss WebTrader Platform, the BDSwiss Mobile App, MetaTrader 4 and MetaTrader 5. Provides signals based on components including price lines, indicators and oscillators. A pack of three indicators that represent market psychology and assist with identifying new trade opportunities and potential entry/exit points. Swap free Islamic accounts that adhere to the principles of Sharia law are also available. In the table below, we cover the key features of each account.
The full account verification process includes proof of identity, proof of residence and some further information, including deposit verification. Additionally, you’ll also have to complete an Appropriateness Assessment Test and an assessment of your economic situation. In terms of security, there is a thorough account verification process that all clients must go through. Although the account opening process is extremely quick, your options are limited until your account and documentation have been fully verified. While there was a small employee data breach in 2016, we found no client security issues when researching for this BDSwiss Review.
The platforms provide a number of indicators and technical drawing tools. For Metatrader, you can even download self-programmed tools on the Internet. All indicators are customizable and offer the trader the possibility to follow professional strategies. On average, however, spreads are 0.3 pips in forex and less than 1 point in stock indices. For better spreads, you can activate the VIP account or use the RAW Spread account . Overall, you can trade over 1,000 different assets/markets at BDSwiss.
For example, we can see that regulatory bodies in the UK uncovered an issue and prevented BDSwiss from continuing. Since the incident in the UK, our BDSwiss trading review has confirmed that the broker has earned several ISO certifications and seen a 300% increase in trading volume. Our email and web from responses were notably slow during our review of BDSwiss.
In cryptocurrency, the term “trading pairs” describes trade between one type of cryptocurrency and another. Traders have a choice between 6 types of accounts namely Cent account, Classic account, Premium account, VIP account, Raw account, and an InvestPlus account. Through its offices in offshore zones such as Mauritius and Seychelles, and is registered by the FSC, the company can provide services to various residents worldwide. The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.
To complete the account opening process, you must send a copy of your ID and 1 proof of residency document, as well as 2 questionnaires. They have stable trading conditions and a global proposal suited to worldwide clients. By maintaining optimum support and assistance, refined products, and full transparency, the BDSwiss also educates its clients through its Academy. Educational resources covering useful information on how to operate in capital and markets, develop own trading strategy with accredited courses and webinars.
The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. Trading CFDs on leverage involves significant risk of loss to your capital. Another operation office of BDSwiss is located in Mauritius and Seychelles, and it is registered with the Mauritius Financial Services Commission , allowing BDSwiss to serve a bigger number of clients globally. We recommend you check the official platform of BDSwiss for the most up-to-date information and make sure to check each instrument because it differs depending on the asset.
What is BDSwiss leverage?
All analytical material, including webinars and forecasting reports, is available free of charge, and most of the video content is uploaded to YouTube. The analysis quality is world-class and will be of value to both technical and fundamental traders. Market analysis is also excellent and detailed, with market news and insightful daily analysis offered by the BDSwiss team. Overall, BDSwiss offers a limited range of tradable instruments, but it offers a wider range of crypto pairs than is usually available at other brokers. Autochartist is one of the best technical analysis tools on the market, and BDSwiss does well to offer this tool to its clients. The BDSwiss WebTrader does not require downloading, is available on both MAC and PC, and is fully synchronised with the downloadable versions of MT4, allowing for live price monitoring via an advanced market watch.
Therefore, one should not be dissuaded from the web to become a good trader. Practice in the demo account is the top priority at the beginning. This means not to fineco share dealing review risk more than 0.5 – 3% of the total account for trade. BDSwiss has a strong presence in the German region and has therefore opened a customer center in Berlin.
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These charges cover the maintenance/administration expenses of inactive accounts, but these fees are much higher than those of other brokers. There is an extremely high level of risk involved in the trading of Forex/CFDs and other financial instruments. This level of risk may not be suitable for all traders and may lead to losses that exceed the initial deposit. BDSwiss does not charge deposit or withdrawal fees on credit card transactions, but there is a fixed fee of 10 EUR when withdrawals are either equal to or less than 20 EUR. This also applies to bank wire withdrawals that are equal to or less than 100 EUR. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf.
How to start Exness Trading in 2022: A Step
Do not use IBAN bank numbers and people from this countries will have a problems to withdraw via bank wire. Should you require any further assistance or clarification please contact us at , our team is always at your disposal. BDSwiss’ StockPlus account enables BDSwiss clients to build a diversified portfolio with over 1000+ world-leading stocks and ETFs.
Binary options when one trades is also a high-risk investment tool. BDSwiss does not charge for deposits or withdrawals processed via credit card, but for bank wire withdrawals equal to or less than 100 EUR/USD/GBP a fee is charged. This broker offers a broad range of deposit and withdrawal methods, a little better than average for the industry. Besides traditional bank wires and credit/debit cards, supported payment processors include Skrill, Neteller, PayPay, giropay, Sofort, eps, iDeal, and dotpay. The minimum deposit amount is dependent on the selected method.
BDSwiss also offers an Islamic/Swap-Free option for Muslim clients. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Too high a risk will mean long-term death for your account, as several losses can occur consecutively.
Is BdSwiss a trusted broker?
Below is a sampling of instruments across the various asset classes. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example EUR/USD, which reflects the value of the euro measured in dollars. Trading from the chart and 1-click trading are available on the app.
The advantage of brokers offering third-party platforms such as MT4 and MT5 is that traders can take their own customised versions with them should they decide to migrate to another broker. Additionally, there are thousands of plugins and tools available for the MetaTrader platforms. However, these platforms are not as beginner-friendly as the proprietary platform offered by BDSwiss. However, it should be noted that for traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency, there will be a small conversion fee for every trade made. Once this step is complete, traders are asked to complete two questionnaires that will help BDSwiss assess the state of their finances and trading knowledge.