How much is the BDSwiss minimum deposit?
BDSwiss is a leading online forex and CFD broker that has many clients from all the over world. The company headquarters are based in Switzerland, and they’re fully regulated by the FSC and CySEC which are both official regulation authorities.
But if you want to start trading with them, you’ll need to know what the BDSwiss minimum deposit is.
Keep reading to learn how much the BDSwiss minimum deposit is, and how you can pay it.
Let’s get started!
How Much is the BDSwiss Minimum Deposit?
The BDSwiss minimum deposit is just $100. This is a very competitive amount that opens up trading to many people.
Currently the deposit can be paid in one of the following base currencies:
So it’s possible to pay the equivalent of $100 in one of those currencies.
If the currency that you wish to use is different to your account currency, then a small conversion fee will be charged.
However, to keep fees low BDSwiss uses standard conversion rates with NO additional conversion fees or markups.
BDSwiss Payment Methods
In order to make the deposit, the broker has a range of payment methods available:
- Credit card/ debit card – MasterCard and Visa
- Bank/wire transfer
- Electronic ‘e-wallets’ – Skrill & Neteller
- Local banking methods
BDSwiss covers all receiving costs on deposits made using the payment methods listed.
This means that making a deposit on BDSwiss is commission free.
Plus the processing time for dealing with the deposit payments is more or less immediate. So the money should be showing in your trading account as soon as you’ve made the deposit.
However, for bank/wire transfers methods, the process may take from 1 to 4 business days to reach the broker for processing. So the funds may take a little longer to be showing in your account.
How to Make the BDSwiss Minimum Deposit?
In order to pay the minimum deposit, you just need to log in to your BDSwiss trading account. From your personal dashboard just click on the ‘My accounts’ tab.
Select which trading account you want to make a deposit with (if you have multiple accounts), then click on the ‘Deposit‘ button.
From here you can enter the amount you wish to deposit and choose which payment method you want to use- e.g. credit card. Just confirm to complete the deposit.
Once the money is showing in your account you’ll be able to start trading and placing forex orders.
To keep your personal info and payment information safe online, the broker uses a secure SSL system to keep card payment data encrypted.
SSL, which stands for ‘secure sockets layer‘, ensures that your data is encrypted to protect to against security threats. It’s an automated system which many internet browsers support.
What is a Minimum Deposit?
A minimum deposit is the basic amount of funds required to open a trading account with a forex broker.
For BDSwiss the minimum deposit is $100. Of course, you can deposit a higher amount if you wish, but all deposits must be at least $100 in order to start trading.
Depending on the broker and the services offered, the minimum deposit can be higher or lower. However, $100 is a good average amount for the forex market which is a figure many people can afford to invest.
It is also completely free to open a trading account with BDSwiss and to deposit funds.
Is BDSwiss Safe?
BDSwiss is a legit broker that’s also fully regulated. They hold active regulation licences from both CySEC (Cyprus Securities & Exchange Commission) and the FSC (Financial Services Commission).
Here are the licence number details:
- CySEC – 199/13
- FSC – C116016172
Regulation is important because it means that the broker is checked by the regulators to make sure that financial rules (which are designed to protect traders), are being followed.
For example, client funds must be segregated from the funds used to operate the business.
Other rules include verifying the identities of traders to protect account against fraud, as well as letting clients withdraw their funds when they want.
Regulation is all about your safety and protection which is why you must avoid UNREGULATED brokers at all costs. Sadly many unregulated brokers are scams.
Fortunately though, BDSwiss is not a scam, and they are fully safe and secure to use.
Another thing we check to make sure that a broker is legit, is by seeing if they’ve won any industry awards.
Many respected industry figures and titles will award brokers for areas of excellence.
BDSwiss has won many awards which helps to show that they’re a respected and secure broker.
These are the latest awards that the broker has won:
- 2020 Award for ‘Best Forex & CFDs Trading Provider’- at International Investor Magazine
- 2019 Award for the ‘Best Forex Trade Execution’ – won at the Global Forex Awards
- 2019 Winner of the ‘Best Trading Conditions’ – awarded by World Finance Magazine
- 2018 Winner of the ‘Best Trading App’ – won at the Mobile Star Awards
We hope this helps to reassure you that the broker is secure and that it’s safe to make the BDSwiss minimum deposit.
Click here to open your first BDSwiss trading account.
Author of this article and founder of Tradingonlineguide.com
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.
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