If you are looking for a professional and user-friendly trading platform to invest with, BDSwiss is your broker. We have received a lot of emails asking for a BDSwiss review. Read about this broker, its benefits and its professional trading platform.
Read our BDSwiss review as other traders interested in forex trading have done and then opened a trading account with BDSwiss.
- 1 Is BDSwiss a scam or is it regulated?
- 2 BDSwiss Characteristics
- 3 What to Trade in BDSwiss
- 4 How to open an account in BDSwiss
- 5 How to trade with BDSwiss
- 6 BDSwiss Demo Account
- 7 BDSwiss App
- 8 BDSwiss Education
- 9 BDSwiss Support and Languages
- 10 BDSwiss Withdrawal and Deposit
- 11 BDSwiss binary options
- 12 BDSwiss and cryptocurrency
- 13 Conclusion
Is BDSwiss a scam or is it regulated?
When starting trading, one of the most important things to do is open an account with a secure broker. We can guarantee you that BDSwiss is a trustable and regulated broker.
BDSwiss is regulated by Cysec, the main authority regulation in forex&CFDs trading. Its licence number is no. 199/13 and has registration no. HE 300153.
This means that trading with this broker is totally secure and you don’t risk any financial scam.
On the beginning of this BDSwiss review we can say that BDSwiss is a young broker. It was established in 2012 with binary options, but has now became one of the leaders in forex trading and crypto trading.
Let’s see some further details about this broker:
- minimum deposit: $200
- minimum investment: 0.01 lots
- maximum leverage: up to 1:400
- assets: 250+ (forex, ETFs, stocks, indexes, commodities, cryptocurrencies)
- mobile App: yes
- trading platform: MT4
- commission: 0
This broker uses a very professional trading platform called MetaTrader4 or MT4 (we will talk more about it later in this BDSwiss review).
The MT4 is a trading interface which can be used online or offline. It’s possible to download it directly from your BDSwiss account for use on your private computer.
You can also use the mobile version available for iOS and Android. The MT4 App can be easily found in every App Store.
All the professional traders use it. BDSwiss is one of the brokers offering it.
Another very important point of this broker is the minimum trade. Trading with this platform allows you to trade very small sizes. The minimum one is 0.01 lot which gives the opportunity to minimize the risk of your trades.
There are more than 250 different assets to trade with. Late in 2017 BDSwiss has also introduced crypto trading in its platform.
What to Trade in BDSwiss
In BDSwiss is possible to trade in different assets. There are the original ones like currencies, indexes, Commodities and Stocks, plus the cryptocurrencies.
To have a precise overview we have:
- 125 currency pairs
- 32 index
- 32 commodities
- 68 Stocks
- 72 cryptocurrency
Another important characteristic of BDSwiss is that it’s possible to trade 300 different assets at the same time.
Let’s see now how to open an account with this broker.
How to open an account in BDSwiss
Opening an account with BDSwiss is incredibly easy.
You just need to write your name and surname in the first box. Then the phone number.
Then 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 green button ‘submit.
It is very simple and fast, in less than 1 minute you have your BDSwiss account.
Once inside your account you can see that navigating around is very easy. Everything you need is on the top right corner where you can see your name.
In the center of your dashboard you can find your trading accounts. There is the demo account and the real forex trading account.
All you need to do is make the first deposit and start trading.
Most people think that to trade forex you need to have a lot of money, however the minimum deposit with BDSwiss is only $200.
This combined with the minimum trade of just 0.01 lots gives you the opportunity to open several positions.
To open your first trading account you just need to click the button below and follow the steps.
How to trade with BDSwiss
The main part of this BDSwiss review it’s the platform. BDSwiss uses a very professional interface to trade directly in the platform or with the software MT4. 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 that this broker has the same leverage for every position you open. It’s possible to set the leverage directly on your dashboard before starting to trade.
The maximum leverage is 1:400.
As you can see from the picture, in the left side bar, there listed are all the assets you can choose from.
You just need to find the one you want or just search for it in the top search bar.
Once you have found it you can open the position. It is 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 firstly to select the volume in lots as you can see in the red square in the picture.
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 deciding to sell (red button) or buy (green button).
Once your trades are opened it’s possible to keep an eye on them in the ‘open positions’ area at the bottom of the page.
At the end of every position there is an ‘X’ symbol to click on if you want to close your position manually.
BDSwiss Demo Account
When you open a trading account with BDSwiss, you can find a demo account in your dashboard. Offering a demo account is a very important part of every broker as we have explained here, this is why we include it in our BDSwiss review.
This is because the broker offerS a free demo account for all new traders. Thanks to this everybody can learn how to use this trading platform in order to practice and feel confident using it.
The demo account has $10.000 and the possibility to trade in all the assets available with a real trading account.
This tool is very useful for beginners who don’t have a lot of experience. With a demo account it’s possible to try out and practice all the different trading strategies available.
You need to remember that trading with a demo account means using virtual money. So on a demo account you can’t lose any real money, so remember that because the profits are not real, you cannot withdraw them.
Click the button below to open a free demo account without any deposit required.
In this BDSwiss review we can’t miss its App. Very recently the broker has launched its new mobile App for forex trading 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 App can be downloaded directly from every trader account and it works perfectly for Android and iOS devices.
With todays lifestyle it’s a fact that most people can’t spend a lot of time in front of their laptop. Trading with a mobile App allows you to trade independently from whatever place you may be.
BDSwiss also offers free webinars and live-trading sessions.
This means that the broker teaches to all the interested traders how to trade. These online trading classes are open for all the traders. They deal with different topics: from the basic forex concepts to the more advanced trading strategies.
Many of these classes are totally for free.
Every class is less than 30 minutes long, so you won’t need to spend all the 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. You just need to log in to your account and sign up for the next session.
Usually they are done during very important situations in 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 opened by professionals.
BDSwiss Support and Languages
In case of questions BDSwiss has a good support team ready to answer any queries.
It’s possible to get in touch with the broker through a phone number, by email or with the live chat option.
The support service is available 24/7 and is fast in answering.
The languages are another important factor when deciding a broker. Today BDSwiss has a very big offer of languages available:
For every trader there is the opportunity to have the trading platform in your own original language and the support service too.
BDSwiss Withdrawal and Deposit
Doing a deposit with BDSwiss is possible in many ways:
- Credit Card- Visa or Mastercard
- Skrill or Neteller
- Bitcoin and Ethereum
- Bank Wire Transfer
- Pre-paid cards
- Local payment methods
BDSwiss is the first broker where it’s possible to make a deposit with cryptocurrencies. In particular, the broker accepts Bitcoin, Ethereum and Bitcoin Cash. (If you want to learn more about cryptocurrency click here)
The fastest way to deposit is by credit card or by using one of the moneybookers. Making a deposit by wire transfer takes usually 4 working days.
In case of withdrawal it’s possible to receive the money back on the same credit card used to make the deposit or with a different one. You just need to communicate it to the broker.
To receive the money back, it usually takes from 3 to 5 working days.
BDSwiss binary options
A lot of people still associate the name of BDSwiss to binary options. As you have read in this BDSwiss review the broker does not have that product since April 2018.
BDSwiss has done it even before, focusing more on Forex&CFDs. This shows how serious and reliable the broker has become with the time.
To discover more about forex trading please go here: https://tradingonlineguide.com/what-is-forex-trading
BDSwiss and cryptocurrency
Like all the best brokers in the market, also BDSwiss introduced the opportunity to trade cryptocurrencies with CFDs. In 2017 the broker added between its assets new cryptocurrencies trades:
And many more. These are the acronyms for the American Dollar, Euro, Bitcoin, Ethereum and Litecoin. The broker offers the opportunity to trade them with all the major normal currencies in the world (Pound, Yen, Australian Dollar, etc.).
To find these assets a trader just need to check in the assets list the category “crypto” and in there, there is the full list of them.
At the end of this BDSwiss review we can say that the broker has one of the best forex trading platforms and it has received very good feedback from a lot of traders with different levels of experience.
If you are looking for broker based on a professional platform like MT4 and a very large choice of assets, this is your broker.
It’s possible to start trading with just $200 either in the web version or the BDSwiss App.
Finally the opportunity to follow free educational courses and live-trading sessions can be a very big advantage for every trader.
Here an overview on how to choose the best trading platform: https://tradingonlineguide.com/best-forex-trading-platform/