Is BDSwiss a Scam? Read This Brutally Honest Review

BDSwiss aren’t ones to enforce limitations on their customers and that is also reflected in the BDSwiss demo account. There are no limitations when using the practice account and every single live instrument is available to trade using the BDSwiss test account. You’ll also have free reign over the MetaTrader 4 trading platform or BDSwiss mobile app.

• For bank transfers via wire transfer international payments from a bank account, the minimum withdrawal amount is 50 EUR after the deduction of the 10 EUR basic fee.
• The BDSwiss practice trading account even lets you adjust the virtual fund amount to as high as $1,000,000.
• FXCM is a leading provider of online foreign exchange trading, CFD trading and related services.
• Forex pairs at BDSwiss are tradeable as CFDs using any of the available trading platforms.
• The website is relatively easy to navigate and translated into 23 languages.
• Considering the volatility of some markets and how damaging a delay may be to your investments, it is crucial that you can reach assistance quickly.

This is ridiculous since they didn’t require it to take my money. I then provided my ID and proof of residence and they emailed me back saying they don’t approve of my address even though it is identical on all my ID’s. I live on a farm so I don’t have a normal residential address. I jumped through the ridiculous hoops to get my money back and then they come up with another excuse not to give it back. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Great experience so far

Shares are tradable by the German Stock Exchange, American Stock Exchange, and many more on favorable terms. The spreads for these assets are always dependent on the current market from our tests and experience. BDSwiss is an internationalForex and CFD broker, which has its main client base in Europe.The company has been on the market for over 7 years and was founded in 2012.

It is unfortunate that you feel this way about us since we always strive to ensure that our clients receive the best possible service at all times. It is regrettable that this company has been dinning on my $100 withdrawal since 4th of September, 2020. All effort talking to the customer care yielded no useful result.

BDSwiss may have appeal for beginners with its easy to use proprietary platforms, solid customer service and abundant educational materials. However, BDSwiss has relatively high fees for Classic Accounts https://broker-review.org/ and clients outside the EU do not have the reassurance of strong regulatory oversight. Educating yourself on how to trade the financial markets can make the difference between success and failure.

We are happy to hear that you got exactly what you wanted out of our services and expressing your trust. I have heard a lot of withdrawal critics but I have experienced none as I have just made my first withdrawal and it went smoothly. So 4 months after my wire transfer I am gathering documents from my bank to find out where my money is.

I don’t know why bdswiss.com has been this adamant for over four months now. Please give us your client ID, so we can investigate your case further and provide you with details on this issue. A company who deals with people money should show more profissionalism. Hello, I need an MT5 Account to run my Algo and Signal trading? Inn BDSwiss youu will find educational materials provided by Forex Courses, defined by the level of expertise, Webinars and Seminars. Once your account is activated you will get access to your account area.

Make deposits and withdrawals using the most popular payment options. View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit. Activate bonuses and view statistics on active and completed bonuses. OctaFX Forex Broker ensures reliable Forex trading conditions to provide traders of all skill levels with an opportunity to earn more. OctaFX, one of the best Forex brokers on the market, for traders all round the world. OctaFX offers access to CFD trading, commodity trading and indices trading with award-winning Forex trading conditions.

BDSwiss Minimum deposit

If you have questions or problems with the trading platform, you can simply contact an account manager or support. In summary, the software solutions from BDSwiss are suitable for every trading style. In the following pictures and texts, we will give you an insight into the trading platforms.

BDSwiss platform arranges withdrawal options with a good range of supported payment methods. Also, you may compare BDSwiss fees to its peer XMtrading and other popular brokers listed and have BDSwiss review consequently before jumping to any conclusions. Also, the BDSwiss team being a holding serves entities in Cyprus, Germany, and other offices where it is all authorized to deliver trading opportunities. Holding customers for every client account, traders of any skill level or degree of expertise can gain easy access to asset classes and tools, all of which are designed to deliver a superior trading experience. As a Straight Through Processing Forex broker, BDSwiss has been growing steadily among traders who look for a bit more from their broker than the most competitive fee structure and low spreads. Although they do not charge any commissions for ECN accounts, the spreads are rather high, unless you do not mind trading their subscription based Raw Spread account’s with the MetaTrader 4 platform.

Any bank wire withdrawals under €100 and any other types of withdrawals totaling €20 or less will be charged a fee of €10. As the broker states, it strives to provide withdrawal service that goes through within 24 hours. However, this only applies to business days, so withdrawal can take more time to proceed on weekends and holidays. Also, once your payment has been confirmed and made by the broker, you’re recommended to give extra days for your payment to proceed with the transaction. We can see why a lot of traders like MT4 — the platform is excellent with its wide selection of tools and charting capabilities, all of which contribute to a pleasant trading experience.

That is the real reason why Oxtrade emphasizes a high level of service and a wide spectrum of intellectual services. In addition, the broker dedicates great attention to professional preparation of novice traders, while at the same time meeting the high-level needs of sophisticated players in the market. Oxtrade works with clients from all over the world, guaranteeing the most favorable terms and providing high quality access to the world’s financial markets.

Trading Platforms

Opinions, market data, and recommendations are subject to change at any time. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. The effort is too big for the broker to manage accounts under € 200, so the fee is so high. There are no fees for higher payouts except for bank transfers.

The spreads average are around 0.4 pips lower using the VIP account but a minimum deposit of $3,000 is required to use that account type, while the Classic account only requires a $100 deposit. The VIP account gains some added benefits such as webinars and additional performance stats – which can still be accessed using the Classic account if you deposit between $500 – $1,000 anyway. MetaTrader 4 and MetaTrader 5 allows you to perform advanced trading operations from your terminal in a fast and secure environment. The terminal is ideal for those who trade Forex, Commodities, Stock Indices and Crypto Currencies. It offers charting & analytical tools, indicators, EAs, scripts and more.

Regulation and Safety of Funds

Simply download MT4 or MT5 and experience industry leading execution of your trades. Trading Central offers materials useful to both beginners and experienced traders, ranging from basic market commentary to advanced technical tools. Leveraged trading comes with a very high level of risk and is a principle reason why the majority traders lose money. In order to achieve your trading goals, you need to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account. BDSwiss offers competent customer support via live chat, phone and email.

Speculate on CFDs on hard or soft commodities like gold, silver, oils, and grains. Diversify your trading with CFDs on the exchange-traded funds, where multiple assets are gathered in one basket. Select from a list of CFDs on widely traded indices representing a particular market sector or national economy. A multichart layout, technical analysis, historical quotes and beyond.

The average spread on the Classic account is 1.5 pips, while it’s 1.1 pips on the VIP account. Founded in 2012, BDSwiss is a well-renowned broker based in Zurich that grew quickly to become one of the biggest online trading companies in the world. BDSwiss’s current client base includes 1.5+ million users from more than 186 countries, and more than 30 billion in average monthly Forex volume. 100$ is the min deposit for the BDSwiss Webtrader platform. Last but not least, BDSwiss operates a Tied Agent in Germany called BDSwiss GmbH that promotes investment services and the BDSwiss Holding PLC. The BDSwiss GmbH is a registered company under Registration No. The company behind BDSwiss is called BDS Markets and it is a registered and regulated brokerage firm operating out of the tiny island nation of Mauritius, which is situated off the coast of Africa in the Indian ocean.

Binarycent

Traders trading with FOREX EXCHANGE can apply the MT4 trading platform, which is currently the most popular platform in the market. Since its release in 2005, the MT4 trading platform has become a popular platform for financial institutions and investors worldwide due to the convenience of the trading system and the ability to customize charts freely. The most attractive aspect of MT4 is that it can automatically buy and sell, and users can view exchange rates to buy and sell, and by pre-determining trading rules, trades can be made automatically. As for the trading platform, BDSWISS provides its clients with many options. There are public platforms such as MT5 and MT4 that have served many clients worldwide, also BDSWISS’s own platforms. If you didn’t want to spend time familiarizing yourself with a new platform, you could choose MT5 and MT4.

Gives new traders the opportunity to put their skills to the test on free Demo accounts with adjustable virtual balances of up to 1,000,000€/$/£. BDSwiss clients can open any type of account offered by BDSwiss including Classic, Raw, VIP, Premium and Cent as a Demo Account and test the tools, conditions and spreads offered, which is definitely a big plus. Committed to providing the best possible trading experience, BDSwiss is offering its clients a top-class suite of add-on services and tools.

Further Reviews

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks…..BDSWISS allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BDSWISS. The offer of BDSwiss is rounded off with the newly developed app for Android and iOS .Have access to your portfolio from anywhere in the world.

We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

The main commission plan on the BDSwiss affiliate program is a called a ‘commission per lot’. Essentially, this means that you will earn a set amount for each lot traded by people you refer to BDSwiss. This makes the BDSwiss affiliate program a brilliant form of passive income as you can earn from traders for the whole lifetime of their account. BDSwiss is a trading app for Forex, Crypto & Stock CFDs which was founded in 2012, in Mauritius. It is regulated under the Financial Services Commission of Mauritius scheme among many other regulatory boards in over 25 countries. The app offers 24/7 trading on several different products and is available on IOS, Android and Google Play.

This resulted in the FCA penalising BDSwiss who were forced to no longer offer services in the UK. Another vital component of a good broker is a great customer support team that is accessible and available as close to 24/7 as possible. Considering the volatility of some markets and how damaging a delay may be to your investments, it is crucial that you can reach assistance quickly. Both platforms offer incredible charting capabilities, varying degrees of customisation, and a vast array of add-ons that help novice traders and enhance the trading experience for serious traders. MetaTrader 4 and 5 are available on iOS, PC, Android, and supported by most browsers such as Safari, Chrome, and Firefox. From the very first time a user logs into their BDSwiss account, they’ll be able to access the BDSwiss demo account.