BDSwiss Broker Review 2024

BDSwiss provides Forex and CFD trading services on over 250 financial instruments through its Zero-Spread and VIP accounts. Leverage options of up to 1:2000 and spreads from 1.3 pips are available with a minimum deposit of $10.

BDSwiss; An Introduction to the Company and Its Regulatory Status

BDSwiss is a well-established and regulated Forex and CFD broker serving traders worldwide since 2012. While the broker was previously licensed by CySEC, its restructure in 2023 changed the focus to MENA, LATAM, and APAC regions.

The broker is led by German entrepreneur and investor Jan Malkus and now operates as part of BDS Ltd company, registered in Mahe, Seychelles. Here is a list of BDSwiss licenses in various countries.

• Financial Services Authority (FSA) Seychelles: SD047;
• Financial Services Commission (FSC) Mauritius: C116016172;
• International Services Authority (MISA): T2023244;
• Securities & Commodities Authority (SCA) UAE: 20200000188.

Specific Details about BDSwiss Broker

BDSwiss is an award-winning brokerage company (Fastest Growing Multi-Asset Broker 2023), which offers a comprehensive suite of trading services and features designed to cater to novice and experienced traders.

BDSwiss Account Types

The broker offers three main account types with different fee structures to suit various trading styles and preferences.

Why BDSwiss? (Pros & Cons)

When considering BDSwiss as your broker of choice, it's essential to weigh its advantages and disadvantages.

BDSwiss Account Opening and Verification

Opening an account with the broker is a straightforward process designed to get you trading quickly while ensuring compliance with regulatory requirements. We’ll explore the steps in this section of the BDSwiss review.

1. Visit the broker’s official website at “https://global.bdswiss.com/”;
2. Click “Sign Up”;
3. Provide personal information, including full name, country, phone number, birth date, email;
4. Set a strong password and choose your preferred trading platform;
5. Provide proof of identity (Passport or driving license) and proof of address (Utility bill or bank statement);
6. Complete the “Appropriateness Assessment Test” and fill out the “Economic Situation” form.

Available Trading Platforms on BDSwiss Broker

BDSwiss offers a diverse range of trading platforms, from MT4 to a proprietary mobile app, to suit various trader preferences and needs.

MetaTrader 4 (MT4)

• Desktop;
• Android;
• iOS.

MetaTrader 5 (MT5)

• Desktop;
• Android;
• iOS.

Proprietary Platforms (BDSwiss Mobile App + Web Trader)

• Web;
• Android;
• iOS.

BDSwiss Broker Fee Structure

Understanding the company’s fee structure is crucial for effective trading and maximizing the profit potential. BDSwiss’s charges mainly consist of spreads and commissions, which differ based on the account type and instrument.

The company also charges a monthly rate of $30 as an inactivity fee after 90 days of not placing a trade. However, there are no deposit and withdrawal commissions for Credit Card transactions.

BDSwiss Deposit and Withdrawal

BDSwiss offers a wide array of deposit and withdrawal options, from bank transfers to e-payments, to cater to its global client base.

• Bank Wire (EUR, USD, GBP, PLN, CHF, SEK, DKK, and NOK);
• Credit/Debit Cards (VISA, MasterCard);
• Skrill (EUR, GBP, and USD);
• Neteller (EUR, GBP, and USD);
• AstroPay (EUR, CAD, BRL, COP, MXN, RMB, BOB, CNY, GBP, USD, PEN, INR, AED, CLP, TWD, and AUD);
• KoraPay (NGN);
• Pay Retailers (BRL, CLP, COP, CRC, MXN, PEN, GTQ, and USD);
• Crypto (BTC, BCH, ETH, PAX, TUSD, USDT, USDC, LTC, XRP, DASH, ZCASH, and ADA).

Does BDSwiss Offer Copy Trading or any Investment Plans?

While the company offers no investment plans, it has an exclusive copy trading service for partners. The program works as a PAMM service and allows BDSwiss partners to become master traders and earn commissions and performance fees.

• Automatic copying of selected strategies;
• A transparent record of Master Trader’s performance;
• Commissions and direct revenue share on all profits for strategy providers;
• Accessible on MT4 live accounts.

Does BDSwiss Broker Offer Bonus and Promotional Programs?

While the company doesn’t have any traditional bonus plans, it offers several partnership programs, including Affiliate, IB, and Loyalty. BDSwiss has more than 17,500 registered partners and pays them a monthly amount of €7M+.

• Affiliate: Commission-based rewards (CPA, Revenue Share, or Hybrid) for referring new clients;
• Introducing Broker (IB): Higher commissions for larger volume introducers with dedicated account managers and personal dashboard;
• Loyalty Program: Exclusive rewards, from a luxury supercar to a Las Vegas trip, for top-performing partners.

How to Reach BDSwiss Broker Customer Support?

The company provides comprehensive multilingual 24/5 support to assist traders with various inquiries through various channels, including:

Restricted Countries on BDSwiss

The company has restrictions on providing services to certain countries due to regulatory requirements and internal policies. Red flag countries on BDSwiss:

• Congo;
• Eritrea;
• Iran;
• Japan;
• Democratic People’s Republic of Korea (North Korea);
• Libyan Arab Jamahiriya;
• Mauritius;
• Myanmar;
• Seychelles;
• Somalia;
• Sudan;
• Syrian Arab Republic;
• United States;
• United Kingdom;
• European Union (EU).

BDSwiss User Satisfaction

Trust score is One of the most important topics in this BDSwiss review. Before the broker underwent changes in 2023 (forfeiting CySEC license), it had a clean record of service. However, in the past year, its profiles on review websites have been filled with complaints.

Conclusion and Final Words

BDSwiss offers attractive prizes, including a Supercar and a Las Vegas trip, in its Loyalty program. While regulated in multiple jurisdictions (FSC, FSA, MISA, SCA), BDSwiss broker can’t provide services in the USA. The company has a low TrustPilot score of 1.9 and has harbored many complaints since its globalization in 2023 and forfeiting its CySEC license.