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BDSwiss is one of the leading European financial institutions specializing in Forex and CFD trading. The company was established in 2011 in Germany. By 2012, the founders of BDSwiss managed to expand their business. Today, several million traders worldwide trade with BDSwiss. The broker is regulated by several supervisory authorities: the Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC). The investment group BDSwiss Holding PLC, which owns BDSwiss, is registered in Cyprus. The broker`s managing office is located in Zug, Switzerland. The head office is based in Cyprus. Client centers provide user support in Germany (in Berlin) and other European countries.
The broker`s website and its customer support are available in 19 languages.
Trading conditions
BDSwiss customers can trade such instruments as currency pairs, indices, stocks, commodities, metals, and cryptocurrencies. The company offers three account types: Basic, Black, and a demo account. The registration procedure for any account type is very simple: a client fills out a standard application, then a technical support specialist contacts him/her to specify some details. The broker makes no distinction between wealthy and minor investors. The minimum deposit for trading is $100. This is a pretty reasonable amount compared to that of other competitors. The level of leverage is from 1:30 to 1:500. Spreads are floating. The website features analytical and training materials. The information about bonuses and special offers was not found.
Trading platforms
With BDSwiss, clients can conduct trading through the SpotOption platform. This is the company`s own development that has put the Forex broker on the map. This trading platform has a simple and user-friendly interface as well as high execution speed. In addition, the broker supports the well-known Metatrader 4 and 5 platforms.
Support service
BDSwiss support service is available 24/5. Clients can contact a specialist through live chat, by phone number or email. As noted above, customer support is provided in 19 languages.
Deposit and withdrawal of funds
At BDSwiss, the procedure of replenishing a trading account is quite simple: log in to the Client Area, choose the account you want to top up, click "Deposit", and select your preferred payment method. The company supports the following payment systems: Visa and Mastercard credit cards, Skrill, Neteller, PayPal, DotPay GiroPay payments, as well as bank transfers through a German bank. The minimum deposit amount and the commission rate depend on the chosen method to replenish your account.
Feedback from traders
Although the broker has been operating in the Forex market for several years, there are few comments about BDSwiss on the web. According to this limited number of reviews, traders have some problems withdrawing funds.
Advantages and disadvantages
Advantages:
- regulated broker
- reasonable minimum deposit
- wide choice of trading instruments
- high leverage
- low spreads
- high liquidity
- analytical materials and training programs available
- demo account available
Disadvantages:
- high commission for some deposit/withdrawal methods
- no bonus programs
Conclusion
BDSwiss is one of the leading companies providing access to the Forex and CFD markets. The broker offers favorable and flexible conditions for trading in the foreign exchange market. It provides a wide choice of trading instruments, user-friendly platforms, and decent analytical support. The company has a good reputation in the Forex market and it is well-known among both beginners and experienced participants of the Forex community. So, you can safely trade with BDSwiss. We hope your cooperation will be fruitful.
