BDSwiss Review: My Honest Thoughts on Features, Fees, and Usability

Reviewer Verdict

Alright let’s cut to the chase: BDSwiss is a solid trading platform that’s good for both beginners and more advanced traders. It’s easy to use, has a ton of tools and offers a variety of things to trade. I had a mostly positive experience but there are a couple of things that could be better. Let me break it all down for you so you know exactly what to expect.

BDSwiss logo

Pros and Cons

Pros:

  • Tons of trading options like forex, stocks and cryptos.
  • The platforms are smooth and user-friendly.
  • Great education tools for newbies and pros.
  • Customer support is quick and helpful.
  • No deposit or withdrawal fees on most methods.

Cons:

  • Some account types have higher fees.
  • Crypto options are a bit limited.
  • Inactivity fees after 90 days (not great if you take breaks).

Trust and Safety

One of the first things I check with any broker is whether they’re legit and BDSwiss passes the test. They’re regulated by big names like CySEC and FSCA which means they follow strict rules to keep things safe for users.

Your funds are held in separate accounts so even if something goes wrong with the company your money is protected. Plu, they offer negative balance protection, so you can’t lose more than you put in. I felt comfortable knowing my money was secure.

Tradable Instruments

BDSwiss offers over 1000 instruments to trade which is great if you like variety. Here’s what you can trade:

  • Forex: More than 50 currency pairs including major ones like EUR/USD.
  • Stocks: Big names like Tesla, Apple and Google.
  • Indices: Global markets like the S&P 500 and NASDAQ.
  • Commodities: Gold, silver and crude oil.
  • Cryptos: Popular ones like Bitcoin and Ethereum though there aren’t a ton of options.

I mostly traded forex and gold. The execution speed was good and spreads on popular forex pairs were tight which helped me save on costs.

Account Types

BDSwiss gives you options when it comes to accounts so you can pick one that fits your style. Here’s a quick breakdown:

  1. Classic Account: No commissions but spreads are slightly higher. Great for beginners.
  2. VIP Account: Lower spreads but you need to deposit more to qualify.
  3. Raw Account: Tight spreads starting at 0.0 pips but there’s a $5 commission per lot. Best for pros.
  4. Demo Account: Practice account with virtual money.

I started with the Demo Account to get a feel for things then switched to the VIP Account for lower spreads. If you’re just starting the Classic Account is probably all you need.

Commission and Fees

When it comes to costs, BDSwiss is pretty straightforward.

  • Spreads: On the Classic Account, spreads for EUR/USD were around 1.5 pips which is decent. The VIP Account had tighter spreads (around 1 pip) and the Raw Account offered spreads as low as 0.0 pips with a $5 commission.
  • Overnight Fees: Swaps apply if you hold trades overnight but that’s standard with most brokers.
  • Inactivity Fee: If you don’t trade for 90 days, they charge $30. It’s not ideal but at least they’re upfront about it.

Overall the fees were fair, especially if you choose the right account type for your trading style.

Trading Platforms

BDSwiss uses the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and they also have their own mobile app.

MT4/MT5 Highlights:

  • Advanced charting tools.
  • Loads of indicators for technical analysis.
  • You can use automated trading tools like Expert Advisors (EAs).

BDSwiss Mobile App:

  • Super simple to use.
  • Real-time price updates and one-click trading.
  • Built-in news feed to keep you informed.

I used the mobile app a lot and it was great for trading on the go. The notifications were a nice touch—they alerted me to price changes I was tracking.

Unique Features

BDSwiss has a few extras that stand out:

  • Trade Companion Tool: Tracks your performance and helps you see where you can improve.
  • Autochartist: A tool that scans the market for trading opportunities.
  • Exclusive Webinars: Live sessions with pros who share strategies and tips.

I found the Trade Companion Tool really helpful. It gave me insights into my trading habits and pointed out patterns I hadn’t noticed before.

BDSwiss features

Research and Education

The educational resources on BDSwiss are top-notch. Whether you’re new or experienced there’s a lot to learn here.

  • Daily Market Insights: Updates on what’s happening in the markets.
  • Webinars: Cover everything from beginner topics to advanced strategies.
  • Tutorial Videos: Step-by-step guides for using the platform and improving your skills.

I joined a webinar on trading during market news and the tips they shared helped me handle high-volatility trades a lot better.

Customer Support

Good customer support makes a huge difference and BDSwiss does a solid job here.

  • Live Chat: Available 24/5 and the reps are quick to respond.
  • Email: They reply within a few hours usually with detailed answers.
  • Phone Support: They have numbers for different regions which is nice if you prefer talking to someone directly.

I used the live chat a couple of times and they sorted out my issues quickly. It’s always nice when support actually knows what they’re doing.

Account Opening

Opening an account was super easy:

  1. Sign Up: I filled out a short form with basic info.
  2. Verification: Uploaded my ID and a utility bill. The whole process took less than a day.
  3. Setup: Picked my account type and base currency and I was good to go.

It’s simple enough that even a complete beginner wouldn’t have trouble with it.

BDSwiss empowering trades

Deposit and Withdrawals

BDSwiss offers a bunch of ways to deposit and withdraw money like:

  • Credit/Debit Cards: Quick and easy.
  • E-Wallets: I used Skrill and it worked flawlessly.
  • Bank Transfers: Takes a couple of days but gets the job done.

I made a withdrawal via Skrill and the money hit my account within 24 hours. There were no hidden fees which was a relief.

Final Thoughts

All in all, BDSwiss is a reliable and easy-to-use broker. It’s got a great mix of tools, plenty of assets to trade and solid customer support. While the fees could be better for some accounts and the crypto options are limited the platform still offers good value for most traders. Whether you’re just starting out or looking to up your trading game BDSwiss is worth checking out.

Contact Info

FAQs

Is BDSwiss legit?

Yes they’re regulated by multiple authorities like CySEC and FSCA.

What’s the minimum deposit?

It starts at $100 for most accounts.

Does BDSwiss charge withdrawal fees?

Nope, most withdrawals are free.

Can I open a demo account?

Yes they offer a free demo account to practice with.

What platforms can I use?

MetaTrader 4 MetaTrader 5 and their own mobile app.