BDSwiss Review – Is BDSwiss Scam?

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BDSwiss Holding Plc

BDSwiss Review – Is BDSwiss a Scam?

bdswiss review

If you’re searching for an efficient and user-friendly trading platform to invest with, BDSwiss could be the one for you.

We have received a lot of emails asking for BDSwiss reviews and to see if it is a scam or a legit broker. So we have finally put together this review!

In this guide you can read about BDS Markets, its benefits, the demo account, what is the BDSwiss minimum deposit and how to make a withdrawal.

This review will also take a thorough look at the broker’s professional platform.

Read this review to learn more info about the broker. Many other traders have already done, some have then opened a trading account with BDSwiss.

For now though, let’s get started! 

BDSwiss General Information

  • BDSwiss First Deposit : $200
  • Minimum Trade : 0.01 lots (MT4 also available)
  • Leverage : up to 1:30 in Europe / 1:500 outside Europe
  • Assets : 250+ (CFDs, Forex, ETFs, Indexes, Cryptocurrencies, Stocks & Commodities)
  • BDSwiss App : Yes
  • Demo Account : Yes
  • Trading Webinars : Yes

Overall Rating           4.7/5

Deposit & Withdrawal 4/4

Account Security         5/5

Trading Platform       4.9/5

Fees & Commisions  4.4/5

Customer Service      4.7/5

Account Opening     4.1/5

BDSwiss Availability


bdswiss availability

BDSwiss is a global online broker that is available in many countries. Currently it is offered across Europe and the United Kingdom. It’s also available in Australia, New Zealand, the Middle East and Latin America.

The broker is also allowed in Asia, but it’s important to know that there are some Asian countries where it isn’t available. Some countries where it isn’t allowed include China, North Korea, Japan and Indonesia.

However the good news is that the BDSwiss has been reviewed and is available in other Asian countries such as India, Malaysia, Thailand, Vietnam, Hong Kong and Singapore.

As for the USA and Canada though, unfortunately BDSwiss is not available for residents there presently.


Is BDSwiss a Scam or is it Reliable?

bdswiss scam

When you start trading, one of the most important things to do is to open an account with a secure broker. 

To make sure that your broker is secure, they must be regulated with an official regulation authority.

BDSwiss Holding PLC is regulated by the following regulating authorities:

  • CySEC (Cyprus securities and exchange commission), the main authority regulation in forex&CFDs. Its licence number is no. 199/13 and has the registration no. HE 300153.
  • FSC (Financial Services Commission of Mauritius). Licence no. C116016172 and company registration no. 143350

We can guarantee you that BDSwiss is a trustable and regulated broker in our review. Most importantly they are not a scam.


BDSwiss Awards Review

bdswiss rewards

We always like to examine whether a broker has won any awards at all. It’s important because it shows if a broker has excelled in any area, which has been recognised and awarded by industry experts.

BDSwiss has won very impressive awards which are proudly mentioned on the broker’s homepage.

These are the awards that BDSwiss has received so far:

  • World Finance Awards: 2019 Winner for Best Trading Conditions
  • Mobile Star Awards: 2018 & 2019 Award Winner for Best App
  • Forex Global Awards: 2019 Award Winner for Best Trade Execution   

These are all impressive wins for BDSwiss, and we must say that we think they are fairly deserved.

For ‘best trading conditions‘ it’s true that BD Swiss does not charge a deposit or withdrawal fee. Plus they offer very competitive spreads on assets, so this accolade is well-deserved.

The BDSwiss trading app is also very well-designed with the trader fully in mind, so it does not surprise us that it has won the award for two years in a row.

How to Open an Account

Opening an account with BDSwiss is incredibly easy.

Click here to register on BDSwiss
*Your capital might be at risk
First, you’ll need to sign up. To make it easier for you, you can also sign up by clicking on the green button above.

The BDSwiss sign up process is quite fast, you just need to provide some personal info such as name and phone number.

Next you need to enter your email and password that you are going to use to log in with.

Finally, you just need to agree with the general Terms & Conditions and click on the ‘submit’ button.

The process is very simple and fast, in less than 1 minute you’ll have your BDSwiss account.

It is free to sign up for a BDSwiss account and you don’t have to make a deposit.

Remember that it’s also possible to log in without needing to deposit funds. However, if you want to start making trades you’ll need to deposit the minimum amount required.

Please see further in this review the section called ‘BDSwiss Deposit’ to learn more about the minimum deposit and how to make one.

One other important thing to note is that to deposit and make withdrawals, your account must be fully verified. Let’s have a look now at how to do this.


Account Review and Verification

bdswiss account verification review

BDSwiss requires you to have your account reviewed and verified. This is needed not only to fulfil legal purposes but to also ensure client protection.

You’ll need provide a fully scanned copy document of 1 Proof of Identification (POI) and 1 Proof of Address (POA) to become verified.

  • A POI could be: A valid Passport, Identity Card or Driving License
  • A POA could be: Credit Card/Bank statement or a Utility Bill

If you have any questions about the process at all, feel free to reach out to the customer support team at anytime.

The last step is that BDSwiss will conduct an appropriateness test. This is done to also help client protection and to see how much trading knowledge a user has. So it’s important to answer the questions as truthfully as possible.

BDSwiss Key Features Review

BDSwiss is one of the most recent brokers to be established.

It was founded a few years ago in 2012 and has become one of the leaders in forex and crypto trading.

bdswiss scam

Let’s review at the main features that make BDSwiss a leading broker choice for users:

  • BDSwiss First Deposit: $200
  • Minimum Trade: 0.01 lots
  • Leverage: up to 1:30 in Europe / 1:500 outside Europe
  • Assets: 250+ (CFDs, Forex, ETFs, Indexes, Cryptocurrencies, Stocks & Commodities)
  • BDSwiss App: Yes
  • Demo: Yes
  • Trading Webinars: Yes

As well as these key features, BDswiss provides a very professional trading platform called MetaTrader4 or MT4. They have also recently provided the MT5 platform as well for their traders. For now though we’ll focus on the MT4.

The MT4 is an online trading interface which can be used either offline or online. It’s possible to download it directly from your BDSwiss account for use on your personal computer.

You can also use the mobile version available for iOS and Android. The MT4 App can be easily found in every App Store.

Another very important feature is the minimum trade. Trading with this platform allows you to trade very small sizes.

The minimum is 0.01 lots which gives you the opportunity to minimise the risk of your trades. This is great news for traders because you can open more positions which helps to spread and manage the risk.

The last key feature to mention is the amount of assets that BDSwiss has on offer.

There are currently more than 250 different assets to trade with which offers a great amount of choice to its users. In 2017, BDSwiss also introduced crypto trading to its platform.


What to Trade in BDSwiss

bdswiss awards

With BDSwiss, it’s possible to trade in different CFD assets and financial instruments.

Some of the instruments include traditional ones like Currencies, Indexes, Commodities, Stocks and Cryptocurrencies.

Here is a full asset overview:

  • 125 currency pairs
  • 32 indexes
  • 32 commodities
  • 68 Stocks
  • 72 cryptocurrencies

Another important feature of BDSwiss is that it’s possible to trade many assets at the same time.


How to use BDSwiss

Once you’ve logged into your account and are on the trading platform, you can see that navigating around the platform is very easy. Everything you need is in the top right corner where you can see your name.

In the center of your dashboard, you can find your trading accounts. Here is the demo plus the real account.

To start making real trades, you’ll need make the first deposit in order to start trading.


BDSwiss Trading Platform Review

When it comes to trading though, we wanted to check out it’s platform to see how it functions.

how to trade bdswiss

BDSwiss uses a very professional interface which lets you trade directly in the platform or with the MT4 software. Let’s see now how to trade forex in BDSwiss.

In both cases to open a position, you need to follow the same steps.

It’s important to mention here the leverage is the same for every position you open. It’s possible to set the leverage directly on your dashboard before starting to trade.

The maximum BDSwiss leverage is 1:500 for international traders outside Europe & 1:30 for European traders.

As you can see from the picture, shown in the left sidebar are all the assets you can choose from.

You just need to select the one you want or just search for it in the top search bar.

Once you have found and selected the asset, you can open the position. It’s always a good idea to open the chart first by clicking on ‘chart‘, so you can have a better overview of that market’s trend.

To open a position you need to select the volume in lots as you can see highlighted by the red square in the picture above.

Afterwards, you can set up the stop loss and take profit parameters just under the red and green buttons.

Finally, you can open your position by clicking on sell (the red button) or buy (the green button).

Once your trades are opened, it’s possible to see an overviews of them in the ‘open positions’ area at the bottom of the page.

Listed at the end of each position, there’s an ‘X‘ symbol. Just click on this if you want to close your position manually.


BDSwiss Demo Account

When you open a trading account with BDSwiss, you can find a demo version in your dashboard.

bdswiss demo

The broker offers a free demo account to all new traders. Thanks to this everybody can learn how to use this platform. It’s a good way to practice trading and to grow confidence in using the platform.

The demo has $10.000 of virtual funds available to practice trading with.

There is also the chance to trade in all the assets available as you would find with a real trading interface.

This tool is very useful for beginners who don’t have a lot of experience.

You need to remember that trading with a demo means using virtual money.

However you must remember that because the profits are not real, you cannot make a withdrawal of real money.


BDSwiss Spreads

bdswiss spreads

BDSwiss offers commission free trading, which means that for every asset a spread is applied instead.

The spread is the price difference between the real market asset price and the price offered. The difference is then calculated in the value of pips.

Each asset has its own spread value, which is why it’s important to remember that every asset will be different. The spreads can change daily, as they are dependent on market volatility and conditions.

However, we found the BDSwiss Spreads to be competitive and fair.
For example, the average spread for the EUR/USD pairing is 1.5 pips, and for the forex pairing of USD/JPY the average spread is 1.7.

Keeping trading commission free also means that you don’t have to calculate additional commission charges on your orders.

The only small commissions you may come across are for shares and indices. For these CFD assets, $2 per round lot is charged for indices, and for shares a commission of 0.15% is applied.


BDSwiss Education

BDSwiss also offers free webinars and live-trading sessions.

bdswiss education

This means that an expert teaches to all interested traders how to trade. These online trading classes are open to all traders.

The classes deal with various topics, from the basic concepts of forex to the more advanced trading strategies.

Many of these classes are totally for free.

This is a great learning opportunity for traders without much experience. Learning from experts provides the chance to learn how to trade better.

Every class is less than 30 minutes long, so you won’t need to spend all day learning.

With the webinars, BDSwiss also offers live-trading sessions.

In a live-trading session, there is an expert trader showing how to trade live in real time.

Usually, they are done during very important situations affecting the market, such as the American elections or Brexit.

Also, this feature is very useful because it gives the opportunity to learn and copy in real time trades that are opened by professionals.


BDSwiss Cryptocurrency Trading

bdswiss cryptocurrency

BDSwiss also introduced the opportunity to trade cryptocurrencies as CFDs.

In 2017 BDSwiss added between its assets these new cryptocurrency trades:


Besides these there are also many more. These are the acronyms for the American Dollar, Euro, Bitcoin, Ethereum and Litecoin. For example USD/BTC is US Dollar against Bitcoin.

The broker BDSwiss offers the opportunity to invest in them with all the major normal currencies in the world (British Pound, Yen, Australian Dollar, etc.).

To find these assets you just need to look in the assets list for the category ‘crypto‘ and in there will be the full list of them.

Another very interesting point about BDSwiss is that it’s possible to make a deposit and withdrawal directly using Bitcoin.


BDSwiss Metatrader 4 Review

BDSwiss supports 2 different platforms: one is its own web version and the other is Metatrader 4.

bdswiss mt4

Their own trading platform is available on the web or via the App. It is very simple to use.

To open a position you need to select a market, decide to buy or sell, set the amount of money to invest then select a take profit and stop loss level in the ‘advanced section’. After this has been completed you can finally open the trade.

For the Metatrader 4 version, you need to connect your BDSwiss account with the MT4 by entering your ID Number and Password.

Once that is done, you’ll be able to invest directly in the MT4 platform.

You can select the lots, leverage, take profit and stop loss plus control all the trades directly from the MT4 App or Desktop application.

It’s not possible to make a withdrawal directly from your MT4 account, but you need to login to your BDSwiss one and request the withdrawal from there.


BDSwiss Forex Signals

BDSwiss provides free forex signals to its clients. To receive them you just need to register with BDSwiss and then log in.

bdswiss review signals

Once you are in your dashboard, at the bottom there is a list of forex signals available.

It’s possible to find the entrance price, the stop loss and take profit there. You can also see the stats for the previous signals.

This is an important point in this BDSwiss review because it provides help to traders for free. The signals can be tested in the demo too, so there is no pressure to use real funds to test them.


BDSwiss App

bdswiss app

In this BDSwiss review we also wanted to mention its mobile App. This is because the broker has launched its new mobile App for forex and crypto trading.

The App has a very user-friendly interface and with just a few steps it’s possible to open and close a position.

The BDSwiss App can be downloaded directly from every trader account and it works perfectly for Android and iOS devices.

From the BDSwiss App, it’s possible to make a deposit and a withdrawal too. However, the best bit is that it’s totally free to download and use the App.

With today’s busy lifestyle, it’s a fact that most people can’t spend a lot of time in front of their laptop. Whereas investing with a mobile App allows you to invest from whatever place you may be.

BDSwiss Deposit

In order to start trading from your account, you will need to make the first deposit.bdswiss withdraw


It’s easy to make deposit with BDSwiss using one of the following methods:

  • Credit Card- Visa or Mastercard
  • Skrill or Neteller
  • Bitcoin and Ethereum
  • Bank / Wire Transfer
  • Prepaid cards
  • Local payment methods

BDSwiss lets you make a deposit with cryptocurrencies. Currently it accepts Bitcoin, Ethereum and Bitcoin Cash.

The fastest way to deposit is with credit card or by using one of the Moneybookers. Making a deposit by wire transfer takes usually 4 working days.

To make the deposit go to the ‘My accounts‘ section on your dashboard. Select the account that you wish to make a deposit in and click on the ‘Deposit‘ button.

Next enter the desired amount and the payment method to finish.


BDSwiss Minimum Deposit

Most people think for forex you need to have a lot of money, however, the first deposit with BDSwiss is only $200.

This combined with the minimum trade of just 0.01 lots gives you the opportunity to open many positions whilst investing only a small part of your budget.

For the convenience of users, you can make the deposit in the following currencies:

  • USD($)
  • EUR(€)
  • GBP(£)
  • PLN(Zł)
  • DKK(Kr)
  • SEK(Kr)
  • CHF(Fr.)
  • NOK(Kr)

You can select your preferred currency when you sign up.

Please note that with BDSwiss the currency amount needs to be equivalent in value to the $200 minimum deposit.

BDSwiss Withdrawalbdswiss withdrawal

In case of withdrawal, it’s possible to receive the money back on the same payment method used to make the deposit.

Should you want the withdrawal funds sent to a different payment method, you just need to communicate it.

To complete the withdrawal and receive your money, it usually takes from 3 to 5 working days.

To make the withdrawal go to the ‘My accounts‘ area on your dashboard and click on the ‘Withdrawal‘ button.

Apart from wire/bank transfer withdrawals, there is no minimum withdrawal amount. For wire bank withdrawals though, a $10 fee is charged for any wire withdrawals under $100.

For other BDSwiss withdrawal methods, if the withdrawal amount is $20 or less, a $10 fee will also be applied.

Here you can learn more about them.


BDSwiss Fees Review

Besides the general no minimum withdrawal amount, there are also normally no withdrawal fees applied. They will be processed free of fees.

However, there are some exceptions:

  • if you haven’t traded the deposited amount at least once
  • or if you have more than $100 available and wish to withdraw less than $100.

If one of these situations happens, the broker will apply a $10 fee to process the withdrawal.


BDSwiss Contact Details

bdswiss support

In case of questions about the platform, how to make a deposit or a withdrawal, BDSwiss has a good support team ready to answer any queries.

It’s possible to get in touch with the broker via phone, by email or with the live chat option.

The support service is available 24/7 and they are fast in answering queries.

So should you want any more info to show how the broker is not a scam, feel free to get in touch with the customer support.

The languages are another important factor when deciding a broker.

BDSwiss offers a large selection of languages for customer support. There is also the option to have the trading platform in your own original language.

Here are the languages available:

  • English
  • German
  • French
  • Italian
  • Spanish
  • Dutch
  • Danish
  • Finnish
  • Norwegian
  • Swedish
  • Polish
  • Russian
  • Czech
  • Greek
  • Hindi
  • Malaysian
  • Portuguese
  • Filipino
  • Romanian
  • Chinese
  • Korean

Conclusion BDSwiss Review

At the end of this BDSwiss review, we can say that the broker has one of the best platforms and has received very good feedback from many users. A lot of traders with different levels of experience have signed up to the broker, again showing that the broker is not a scam.

The facts that it’s possible to start trading with just $200 in small 0.01 lots is appealing if you’re looking to open multiple trades whilst not investing too much.

The fact you can invest either with the web version or the BDSwiss App is a bonus if you are looking for flexibility.

If you are looking for a broker which is not a scam, which offers a professional platform like MT4 and a very large choice of assets, BDSwiss could be the broker for you.

Finally, the opportunity to follow free educational courses and live sessions can be a very big advantage for everyone, whether you are a novice or experienced trader.

 Here you can learn more about the leverage.

Here an overview on how to choose the best forex broker for beginners and their reviews:

Marco Sbalchiero

Author of this article and founder of

My aim is to help you increase your trading knowledge with helpful content. I come from an economic background and have a strong passion for forex trading. With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their investment skills.

In my spare time I enjoy cooking and travelling.

Here you can learn more about our review methodology.



BD Swiss is a reliable broker. As mentioned above, the platform is regulated by the investing authorities which makes it a secure a reliable company.
If you decide to start investing with BD Swiss, you won’t risk any scam.

Withdraw money from BD Swiss is very easy. Once your account has been reviewed and verified you can withdraw your money.
Once inside your BD Swiss dashboard, you need to click on “Payments” on the left side menu, from there you choose the amount of money to withdraw and the desired credit card or bank account you want your money to go. Depending on the selected method, within 3 working days the money will be accredited to your chosen withdrawal method.

Depending on your selected payment method, which can be credit card or bank account, withdrawing money from BD Swiss will take from 1 to 3 working days.
Withdrawals to Skrill, Neteller or in Cryptocurrencies are usually immediate, withdrawals on Visa and Mastercard cards or bank accounts generally take from 1 to 3 days.