BDSwiss Review 2023 Pros and Cons Disclosed
Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level. The available platform versions suited to various devices so traders can us any device, which is a good plus. This includes PC, Mac, Applications or Web platform that requires no installations. See some of our finds for benefits and disadvantages of the platform below. Besides, Traders will definitely enjoy numerous add-ons as we did, that are available on the market to make trading process a pleasant one. Moreover, there are plenty of strategies to choose from since broker does not impose strict restrictions, so news trading or other strategies are available.
However, the broker does not offer other assets such as bonds and options. For those asset classes you might want to consider AvaTrade instead. The BDSwiss WebTrader Platform, was exclusively developed in house to better cater to the needs of our growing client base. The two trading platforms which are made available in desktop format with BDSwiss are MT4 and MT5. They are extremely well-known and trusted by traders around the world as one of the most long-standing third-party trading platforms in the sector.
The large variety of account types is aimed at different types of traders. There are three trading accounts that can be chosen, either a Classic, VIP or Raw. Two of the three are commission-free while the third, Raw carries a $5 commission charge on trades in excess of $5,000. All offer an identical range of features with the exception of the classic, which does not include the VIP trading Alerts via Telegram. In terms of product offerings, it should be noted that both the Classic, VIP and Raw incur a minimal $2 free on indices and a 0.15% on shares, but are free of any withdrawal fees. Founded in 2012, BDSwiss is a Swiss-based brokerage firm that trades under the name of BDSwiss Holding Plc and boasts 1,043,859 accounts and volumes of 11,448,594,083 each month.
Mobile Trading Platform
The good news is that you can also access the demo trading account for CFD, Forex and binary option trading at BDSwiss. BDSwiss gives traders access to Forex, commodities, indices, cryptocurrencies, and shares as CFDs. There are no physical stocks or cryptos available with this broker. CFD trading is a leveraged activity and is mainly for short and medium-term speculators.
- Physical stocks, on the other hand, are only profitable when investors buy low and sell high.
- Autochartist has a wide range of educational materials to help you understand how to use it, including user manuals, a quick start guide, videos, e-courses and eBooks.
- Anthony Gallagher is a financial journalist and forex expert with years of experience in the industry.
- Yes, BDSwiss holds several regulatory licenses across the globe, including in the United Kingdom (U.K.) with the Financial Conduct Authority (FCA).
- A Cent account can be the next step for a trader transitioning from a demo account to a live trading environment.
The approach is the same as with MT4, but given that the newer version also supports more exquisite and generally more effective tools, they were able to implement advanced mechanisms. They couldn’t do otherwise, these are the flagman interfaces used by the majority of FX and CFD traders. And there is also BDS’s own software in several variations, but let’s first discuss what they did with MTs. BDSwiss is one of the few big FX & CFD Swiss brokers, as you might’ve gathered. They are registered on the Seychelles at the moment, so it’s pretty hard to say for sure. BDSwiss has been active online since 2012, when Bitcoin was on the rise once again.
Broker Types
In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself. By maintaining optimum support and assistance, BDSwiss also educates its clients through its Trading Academy. Of course, BDSwiss developed its Mobile App as well, which actually is highly rewarded by traders and publications.
Since then, they’ve been able to accumulate quite a user base, and they are considered one of the top European brokers. There are lots of them, so it doesn’t necessarily mean you’ve heard about them before. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
Trading platforms available in BDSWISS – A Review
Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced either with manual trading or automated trading through EAs. Proprietary BDSwiss WebTrader is fully based online, so you don’t need any downloads or installation and may access trading right from your browser. The platform has a clean view and quite comprehensive and powerful analysis features including technical analysis and risk management tools. So even by the use of WebTrader you can make full out of trading, see trading snapshot below. BDSwiss provides access to trade a great range of 1000+ underlying assets, while you may choose from Indices, Forex, Commodities and Cryptocurrencies based on CFDs, or Options Trading. However, range of instruments depends on the account type or BDSwiss entity you use.
MetaTrader 5
This programme searches the market for trading opportunities 24 hours a day and provides you an alert when it finds them. It can scan all markets across several timeframes for you, saving you time. User manuals, a quick start guide, videos, e-courses, and eBooks are among the instructional tools available for Autochartist to assist you to understand how to use it. Blain Reinkensmeyer bdswiss forex broker review has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners (and to learn more about our Annual Awards from our Director of Online Broker Research, Steven Hatzakis), check out our ForexBrokers.com Annual Awards page. That being said, BDSwiss holds multiple regulatory licenses throughout the EU, including from Cyprus where it is authorized by the Cyprus Securities and Exchange Commission (CySEC).
BDSwiss WebTrader
The MT4 is also very simple, and most beginner Forex traders choose to use it over MT5, which is a bit more advanced. There are a couple of steps to take when you want to open a live trading account with BDSwiss. We’ll guide you through the entire process of account opening in detail. BDSwiss is a brokerage company offering trading services for clients
since
2012 with
offices in
Cyprus, Mauritius, Seychelles, United States and Germany.