Our review about BDSwiss
The forex broker Bdswiss first appeared on the market in 2012 and it didn’t take long for it to build a very solid reputation in the world of forex trading.
Bdswiss offers its clients forex trading, CFDs and cryptomoney trading, and is currently one of the leading forex brokers, particularly in UK.
To find out more about the various services and facilities offered by Bdswiss and to assess how it positions itself in relation to the competition, the best way to do this is to read our Bdswiss notice on this page.
- 1 Presentation of the broker Bdswiss
- 2 Advantages and Disadvantages
- 3 How to trade on Bdswiss: platform presentation
- 4 Bdswiss mobile application
- 5 Training at Bdswiss
- 6 Bdswiss customer service
- 7 Our Bdswiss opinion: comprehensive and objective
Presentation of the broker Bdswiss
The forex broker Bdswiss, which appeared only a few years ago, quickly made its mark on a majority of Scandinavian countries and is now a leader in the field, particularly in Germany, Switzerland and Austria.
Originally known as Banc de Suisse, Bdswiss is a regulated online brokerage company that is popular among its traders, from beginners to experts. Bdswiss is also licensed by the CySEC (Cypriot financial supervisory authority), which is an additional guarantee of reliability for the latter.
The head office of the forex broker Bdswiss is located in Zurich, Switzerland. As one of the most distinguished forex and CFD trading brokers on the European scene, Bdswiss currently has more than one million clients worldwide and handles an annual trading volume of approximately 11 billion.
To measure the degree of reliability of Bdswiss, it should be noted that the forex broker has been awarded a large number of distinctions including the titles of “best trading application” or “best trading conditions”.
Our Bdswiss opinion elaborated by our experts will allow you to better know this online forex broker and its main assets.
Advantages and Disadvantages
Below are the main advantages and disadvantages that our specialists have identified at the forex broker Bdswiss:
Advantages of Bdswiss :
- The possibility to trade from 5 €
- High level of financial reliability and security
- Exceptional Bdswiss customer support
- Withdrawals processed in record time
- Numerous quality forex training materials
Disadvantages of Bdswiss:
- Withdrawal fees applicable for any other means than credit card
- A minimum deposit of 100 € required
How to trade on Bdswiss: platform presentation
Before starting our Bdswiss opinion, it should be noted that the forex broker offers its trading clients no less than 171 assets, including 22 forex currency pairs, global equities, stock indices and commodities, which will be detailed later on this page.
As far as the Bdswiss platform in particular is concerned, the forex broker uses the SpotOption platform, a reference in the world of forex trading. Easy to use, accessible for beginners as well as experts, this platform will offer an absolutely unique Bdswiss trading experience.
How do I open an account at Bdswiss?
Opening an account is a model of simplicity at Bdswiss. To become a client and start trading on the forex market as soon as possible, the applicant will just have to fill in the dedicated form on the home page of the Bdswiss UK website.
Once this first step has been completed, the future Bdswiss client will have to download the supporting documents required by the forex broker and transmit them to the latter.
Among the main parts to be supplied to Bdswiss are :
- A valid identity document
- Proof of address
Once the documents have been submitted, the applicant’s file will be examined by Bdswiss, which will proceed, in the event of a favourable opinion, to validate the application.
Please note, while the applicant will not have to incur any fees to open an account at Bdswiss, he will however have to make an initial deposit in order to be able to start trading forex on the forex broker’s platform. Another useful clarification, unlike other online forex brokers, Bdswiss does not impose a minimum deposit on its clients.
And for traders who would like to learn about the Bdswiss platform before investing with real money, Bdswiss offers a demo account.
Assets available at Bdswiss
In order to meet the requirements of its traders, Bdswiss offers more than 200 assets in line with the objectives and strategies adopted by each of its clients. Here are the main assets with which to trade through Bdswiss:
- 22 Currency pairs (EUR/USD, EUR/CHF, GBP/USD)
- Stock market indices (NASDAQ, CAC40)
- Shares issued by the largest companies of international stature
- Raw materials (Gold, silver, cotton, coffee)
To have a complete description of all the assets on which it is possible to trade with Bdswiss, the most judicious will still be to consult the complete list of these assets on the forex broker’s website.
Unlike other forex brokers, Bdswiss does not offer any Bdswiss bonus.
While this can be a serious inconvenience for traders who are particularly sensitive to the area of bonuses and other promotions on forex trading, it is worth noting that Bdswiss has chosen to focus its efforts on the forex trading experience and its accessibility to all investor profiles.
In fact, the absence of Bdswiss bonuses is not really a handicap for Bdswiss as evidenced by the number of traders who have placed their trust in it.
Security at Bdswiss
As previously mentioned, the forex broker Bdswiss is regulated and is, in fact, obliged to scrupulously comply with the regulations set by the various foreign exchange market control authorities.
One of the rules that Bdswiss complies with in every respect is that of transaction security. To do so, the forex broker uses the famous SSL encryption systems as well as Secure Sockets Layer. Thanks to these technologies deployed on its platform, Bdswiss guarantees a high-performance coding of all the data transiting on its site.
Bdswiss applies in particular the requirements of the European MiFID directive and offers all assurances related to confidentiality, such as the protection of financial transactions carried out on its forex trading platform as well as the funds paid in by each client. As such, the funds are invested in segregated accounts as required by the MiFID and which are in fact completely independent of the accounts held by the forex broker Bdswiss.
As a perfectly legal forex broker with a CySEC license number 199/13, Bdswiss operates with complete transparency. And in the unlikely event of a dispute between the broker Bdswiss and one of its traders, the latter can turn to a regulatory body to lodge a complaint.
The last security point to be credited to Bdswiss, the forex broker allows its clients to subscribe, if they wish, an insurance with the Investor Compensation Fund in the event that Bdswiss is no longer solvent. One of the guarantees of this insurance will allow the trader to be compensated up to €20,000.
When it comes to security and compliance with regulations, Bdswiss is unquestionably a forex broker to whom you can have full confidence.
Deposit and withdrawal at Bdswiss
Making a money deposit on Bdswiss
As far as deposits are concerned, Bdswiss offers the opportunity to make deposits with different payment methods. Please note that the minimum deposit is €100 and that there is no maximum limit.
At the time of each deposit, the Bdswiss trader will be able to place it on the 3 types of accounts offered by the forex broker, namely Forex MT4 Live, Forex MT5 Live and Forex MT4 Raw.
In terms of means of payment, the Bdswiss trader can opt for the following main methods:
- Credit card (Visa and Mastercard)
- Bank transfer
Special point: The preferred currencies for any deposit on the Bdswiss platform will be the Euro as well as the USD.
Withdrawing money from Bdswiss
As with deposits, withdrawing funds with Bdswiss is as simple as withdrawing them. Simply go to the Bdswiss website and go to the “Payments” tab on the home page.
After clicking on this tab, the trader will have to go to the one that says “Remove”. Once on the page in question, the Bdswiss trader will be asked to select the amount he wishes to withdraw and its destination, whether it is a bank account, a credit card or an e-wallet.
Withdrawals from Bdswiss are free of charge for all withdrawals over €100. However, for any withdrawal not exceeding this threshold, the forex broker Bdswiss will charge €10 each time. This charge will apply exclusively to withdrawals by bank transfer. For a withdrawal of less than 100 € using another means of payment, Bdswiss will charge 20 € for each transaction.
If the Bdswiss broker enjoys such a reputation on the forex scene, it is also thanks to its very competitive rates.
As is the case for most forex brokers, the Bdswiss trader who has opened a winning position will be charged a commission by Bdswiss. This commission will vary according to the type of product considered, the amount invested and the type of account held by the trader. In the particular case of forex, Bdswiss applies a fixed commission independent of the volume and the currency pair selected by the client.
Still in the area of fees, a specific fee structure will be applied by the broker Bdswiss when the client makes a deposit in one currency and makes a withdrawal in another currency.
Likewise, if the Bdswiss trader leaves a position open overnight, the Bdswiss broker will apply specific fees on this occasion. In the same spirit, inactivity fees are included in the forex broker’s fee schedule in case one of its clients is inactive on the platform for a period of more than 90 days. The inactivity fee will amount to approximately 10% of the amount of the Bdswiss trader’s balance each month.
Bdswiss mobile application
In order to offer the best possible experience to its traders, the broker Bdswiss has not overlooked the fact that a large proportion of forex trading transactions are now done via smartphones.
It is precisely with this in mind that Bdswiss allows its clients to access both their dashboard and its forex trading platforms via their mobile phone. Thus, Bdswiss Android mobile applications such as Bdswiss iOs are available and downloadable free of charge and directly from the App Store and Google Play.
The Bdswiss mobile application has a twofold advantage: it is intuitive and immediately controllable, and it allows each client of the Bdswiss broker to trade wherever they are and at any time from their mobile phone.
Every Bdswiss trader will be able to follow the evolution of his positions in real time and not miss the most beautiful opportunities of the foreign exchange market. Note that the Bdswiss mobile application has been developed for optimal operation not only on smartphones but also on tablets.
Training at Bdswiss
One of the many advantages that our experts particularly appreciated at the Bdswiss brokerage is the special focus on apprenticeships. On Bdswiss, beginner traders will have the unique opportunity, immediately after opening their account, to test the entire forex trading part of the platform in demo mode and without any fees.
By opting for the demo mode of Bdswiss, the novice trader will find himself with a fictitious €10,000 account and will have access to all the financial assets available at this online broker. To learn how to master the opening and closing of positions or to set his own profit and loss limit, this Bdswiss demo account will be a remarkable learning tool.
Alongside its demo account, the broker Bdswiss will allow forex trading novices to acquire the basics and learn everything they need to know about risk management in this field.
Bdswiss thus offers its clients, whatever their level, numerous high-quality training courses in the main areas of forex trading:
- History of Foreign Exchange Trading
- Technical analysis
- Knowledge of indicators impacting forex trading
- Setting up your own forex trading strategy
- Forex trading risk management
- Familiarization with the main forex trading tools
To conclude on the Bdswiss broker training section, we must not forget that all the forex trading training courses available at Bdswiss are available in articles, videos and webinars so that everyone can learn as they wish.
Bdswiss customer service
It is easy to evaluate the degree of reliability and professionalism of a forex broker by the quality of his customer service. On this point as on those previously mentioned, Bdswiss does not disappoint.
The Bdswiss support offered to customers is at a remarkable level. In addition to the fact that they can be contacted 24 hours a day, 5 days a week, Bdswiss customer service is accessible through all possible media: telephone, chat, email, mail and even by Whatsapp.
While the availability of Bdswiss client advisors will be most appreciated, they will also be able to distinguish themselves by their skills and each trader’s question will find an adapted and personalised answer.
Also, the customer service of the broker Bdswiss is available in 16 different languages, including of course English.
Our Bdswiss opinion: comprehensive and objective
Finally, what is our opinion of Bdswiss after this review of its various services? After having conquered Germany, Bdswiss in UK is without a doubt one of the best and most reliable forex brokers today.
As a trading platform that allows you to invest in both forex and CFDs, Bdswiss clearly has the assets to become the undisputed leader in this field in UK. Its particularly attractive fees, its demo account and its various training tools, not to mention the excellence of its customer service, clearly allow the broker Bdswiss to stand out in an extremely competitive market.
For beginners as well as for those who have reached a certain level of practice, Bdswiss is a forex broker worthy of the utmost confidence and that our experts can only highly recommend.
Discover our other brokers