Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced. BDSwiss provides trading tools for clients that allow them to generate more accurate trading strategies to be able to profit more from their trades.
It should also be noted that if no trading activity occurs for over 90 days, we charge a monthly fee of 10% which will be deducted from your account balance. The fact that BDSwiss is not regulated by our own FCA will be a concern to the most careful traders. Yes, most likely, as we gave BDSwiss a trust score of 70% in our review. The main negative factor in this score is that BDSwiss is not FCA regulated.
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Bdswiss Islamic Account Review
For the more experienced traders, select your preferred account type and click on ‘open’. You will be required to input your personal details as well as other trading-related information. Once you have successfully registered for an account, you will obtain the trading platform’s login details. Its classic, raw, and VIP accounts have spreads that start from 1.5 pips, 0.0 pips, and 1.1. Additionally, traders can benefit from the seminars and webinars organized by BDSwiss. The free demo account and market news available on the site are also helpful in increasing individuals’ skills and knowledge on trading. The value of the spreads varies throughout the day depending on volatility and conditions in the market.
Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. Spread or commission reduction The trader actually receives reduced commissions and/or spreads. Paid direct to brokerage account Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed.
BDSwiss has a well-established customer service system that traders can use to present their queries or concerns. For instance, you can choose to visit their physical address on 6th Floor, Nexteracom Building, Ebene, Mauritius. The company’s representatives are also responsive on Whatsapp, Live Chat, Telegram, and Email ( / ). Alternatively, you can use their hotlines at any time within the working days. BDSwiss’ website has detailed information on the differences between the two trading platforms.
As you explore their website you will note they offer regular trader webinars, video courses and lots of educational resources geared to traders at all levels. On site quizzes are an added feature of both these sites, and these are great for testing your trading knowledge and confirming you’re ready to start live trading. When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us. The MT4 Platform on which the broker functions has always provided a safe and modern trading environment. A huge advantage of a big broker as BDswiss is that they fully support 20 languages, so almost every trader can communicate with the company in their native language.
A key differentiator when it comes to trading with BDSwiss is its competitive trading conditions. In recognition of its efforts to offer traders the best possible conditions, BDSwiss was awarded the “Best Trading Conditions 2019” by acclaimed awarding body World Finance. Licensing is the most important part of any broker to be the best. The frauds include withdrawal removal, sharing the data with other clients, and many others. The minimum deposit for a trader to open an account in this forex broker platform starts at $100.
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BDSwiss takes preventive measures to ensure the protection of client funds and client personal information. This Forex broker provides negative balance protection, so you do not have to face any financial risks, in the case of your balances going into the negatives. In addition, BDSwiss stores client funds into segregated accounts away from corporate funds for safekeeping measures. InvestingCube is a news site providing free financial market news, analysis, and education. Its purpose is to empower Forex, commodity, cryptocurrency, and indices traders and investors with the news and actionable analysis at the right time. Before you can trade, you will need to verify your identity in addition to taking an Appropriateness Test.
Is MetaTrader 4 or 5 better?
Is MetaTrader 5 good? MetaTrader 5 is an excellent trading platform and has superior capabilities to MetaTrader 4 in certain areas such as back testing and DOM (depth of market). However, most Forex traders still prefer MetaTrader 4 to MetaTrader 5 when a choice is available.
All trading accounts of BDSwisss charge some form of commission, depending on the financial market that you are trading with. The non-trading fees are low, with BDSwiss, by not charging any deposit fees, withdrawal fees, or account fees. One of the reasons why BDSwiss is among the most popular FX and CFD broker worldwide is its feature-rich online framework. The company has trading conditions that are apt for traders of different levels of experience. Its trading platforms and education resources add value to the firm’s ecosystem. BDSwiss’ competitive pricing and responsive customer support system are another reason for the firm’s popularity in the market.
Deposit And Withdrawal Fees
BDSwiss accounts include the Classic Account for retail traders, the VIP account, which is offers reduced spreads and the Raw account, which offers even tighter spreads and is the most popular choice. Different assets have differing spread values, which are assessed by pip values. You won’t pay trading fees or commissions on most trades with BDSwiss, instead the trading fees are levied within spreads. Spreads change throughout the day and this is dependent on market conditions and volatility. You can trade CFDs or forex with BDSwiss and it’s an easy matter to place a trade on both these websites. The site offers MetaTrader trading and there is complete training available, or you can opt to trade using the BDSwiss WebTrader platform, if preferred.
The minimum deposit for BDSwiss depends on the trading account. The Classic Account requires a minimum deposit of 100USD or its currency equivalent. As for the VIP Account, you will be required to make a minimum deposit of 3,000USD or its currency equivalent. For the Raw Account, the minimum deposit required is 5,000USD or its currency equivalent.
We begin our BDSwiss review in a key area no matter which broker you are dealing with. Here we will take a detailed look at exactly how the broker prioritize your security and what measures they have in place to ensure this for all traders.
- The platform offers 60 second options, one touch option and long term and ladder options.
- However, withdrawals of 20 EUR or less will attract a fixed charge of 10 EUR.
- Trading CFDs, FX, and cryptocurrencies involves a high degree of risk.
- BDSwiss’ WebTrader Platform, was exclusively developed in house to deliver an unparalleled trading experience accessible from all browsers and operating systems.
- The platform for the Forex trading however is different and is much more advanced.
Another thing we will be reviewing about this broker is the big amount of operations that is provides to all its users. Forex.Academy is a free news and research website, offering educational information to those who are interested in Forex trading. Forex Academy is among the trading communities’ largest online sources for news, reviews, and analysis on currencies, cryptocurrencies, commodities, metals, and indices.
Due to the STP style, there is also no intervention from BDSwiss in placing your trade. In fact, the broker executes a huge value of trades, around 56 million trades each year.
They request verification that the deposits sent were from your bank account but wouldn’t accept my information because it wasn’t printed all on one page. We are incredibly grateful that you took the time to leave us this positive review. Our company values customer satisfaction as top priority and we are glad that we were able to provide you with such a positive experience when using our services. I have an account with BD SWISS and the experience has been first class. No call to warn me, simply just took all the money from my account at random amounts each month. We will continue to use BDswiss and if i have any form of negative experience i will be sure to edit this review. I have referred to friends from my old university and we continue to deposit / trade / withdraw with abolsutely no issues.
Our team will definitely be happy to read what you wrote because it is showing the hard work we put in every day. We are happy to hear that you got exactly what you wanted out of our services and expressing your trust. I requested and withdrawal and got my funds cashed out into my account in 48 hours. I invested $10,000 and made some trades with a profit of $6,500 in 2 weeks. Not sure about others experiences but we are having a fantastic user friendly experience. We have raised this internally and we can see that all your queires have been responded to in regards to your initial request.
Thanks for taking the time to write this review for us Anderew! We simply love it when our customers share their expirience with us and the Trustpilot community and we are happy to hear that our Team has been providing you with quality service and support. Been using bdswiss as a brokerage firm for a while now and Dimitrious from bdswiss has been incredible. If you require any assistance our support team is always hear to help out either via live chat, phone, or email. I have to say, after all the lies, fraud, scamming and NONSENSE BROKER companies out there BDSWISS is the platform and broker to give me honest and credible advice. I have experience in all CFD asset trading from indicies to ETF’s to shares. Lovereading4kids Lovereading4kids is a book website for parents and children to help make book choices easier.
Like any other broker, BDSwiss makes its money by charging its clients certain trading fees. The figure below shows the spreads placed by BDSwiss on different FX pairs. This BDSwiss review provides an overview of the forex and CFD services from BDSwiss to enable you to compare similar brokers. We look at the trading platform, login process and account types, including RAW and black accounts which offer unique trading opportunities and sets BDSwiss apart from rivals. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues.