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BDSwiss Review 2020

4.57
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Europe’s leading financial institutions specializing in Forex/CFD trading. The idea of BDSwiss was born in Kilchberg close to Zurich, Switzerland in 2011 where one of the founders was living.

The business was established back in 2012 and has since then been providing online trading services to almost a million clients worldwide.

We pride ourselves in providing the best possible trading conditions, state of the art platforms and unparalleled support. Today BDSwiss is part of a worldwide operating group with its holding in Zug, Switzerland.

  • infoAccess to An extensive education material and market analysis
  • infoOffers a Raw Spread account has one of the lowest fees in the industry
  • infoOver 250 assets are offered for trading
  • infoRaw Spread sccount only offers MetaTrader 4 as a trading platform
  • infoMost stand-out benefits only offered to premium Black account holders
Headquarters Limassol, Cyprus
Type of Broker STP
Founded 2012
Regulated By Regulated By CySEC (Cyprus), FSC (Mauritius)
Offices In Cyprus, Germany, Albania
Supported Languages English, german, italian, spanish, polish, czech, portuguese, chinese, french, indonesian, malaysian, dutch, danish, swedish, russian, arabic, south korean
ESMA Regulated? This broker is regulated within the E.U and issubject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article

Typical Spread on Majors - Live info

EUR/USD 1.6
GBP/USD 1.8
USD/JPY 1.6
* STANDARD account shown.

Order Excution Tests Results - Live info

BDSwiss Server Location:

Mountain View, United States

Our Client Terminal Location:

St. Louis, United States

Average Time (ms)

Server Response

Order Excution (Normal Hours)

365.8

Order Excution (During News)

953

BDSwiss Banner

BDSwiss may sound like a Swiss Forex broker, and the idea behind the company may have been originated in Kilchberg, close to Zurich, but the company has as much relevance to Switzerland as Federal Express (FedEx) has to do with the Federal Reserve Bank of the United States - Nothing.

Having that confusing part of the story behind its name out of the way, BDSwiss opened its door for business in 2012 and over the last few years, it has established itself to be one of the market leaders in the Forex brokerage industry. 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. The office of BDSwiss is located on the 6th Floor of Nexteracom Building, Ebene, Mauritius.

As of the end of December 2020, the company has over a million registered trader and facilitates close to $11.5 billion in trading volume per month. The company has gained huge popularity among Forex traders because of its aggressive affiliate marketing that currently boasts around 16,500 promoters. In 2019, BDSwiss received the prestigious “Best Trading Conditions” and “Best Trade Execution” awards from World Finance magazine.

BDSwiss has several subsidiaries around the world and is regulated by a number of Governments. As a true ECN/STP market access provider to Forex traders, the company has gained an ironclad reputation for being a transparent broker that offers competitive pricing. If you are in the market to pick a new Forex broker, BDSwiss might have the features to be your new broker.

Regulation and Safety of Funds

Although BDSwiss is based on a tiny Island, it has a presence in major financial markets around the world. The mother company of these various subsidiaries in different countries, BDS Markets is authorized and regulated as an Investment Dealer in Mauritius by the Financial Services Commission (FSC) under License No. C116016172.

BDSwiss' subsidiary in the United States is called BDSwiss LLC and it is registered as a financial institution with the U.S. National Futures Association under NFA ID: 0486419.

In the European Economic Area (EEA), BDSwiss operates under its subsidiary in Cyprus called BDSwiss Holding PLC, which is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under the License No. 199/13.

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. HRB 160749B.

Under the regulatory direction of the CySEC, BDSwiss account holders can sleep more soundly knowing that all client deposits are placed with a top tier bank and the broker has no access to clients’ funds to run its operations. By keeping the client deposits in a segregated account, BDSwiss complies with regulators and ensures that in case of an unlikely liquidation of the company, client funds will be secured in a separate account.

Trading Services: Types of Forex Trading Accounts Offered by BDSwiss

BDSwiss primarily offers three different trading accounts to serve the different needs of investors. All three accounts offer basic features like leverage up to 500:1, and over 250 financial assets, the ability to hedge your positions, no commission ECN trading facilities, and the same trading platforms. However, the main difference between these three accounts is the fee structure. Also, depending on the amount of investment you are willing to make with BDSwiss, the broker offers some fringe benefits to higher-tier customers.

The first account offered by BDSwiss is called a Basic account and as the name suggests, it is targeted towards beginner traders who want a fixed spread account with the predictable fee structure. The Basic account offers traders the ability to trade as low as Micro lots (0.01 lot worth 1,000 units of currencies) and as high as 50 lots.

The second account, the Raw Spread, offers variable spreads, but the minimum spread for pairs like EUR/USD starts at as low as 0.3 pips, where the Basic account charges 1.5 pips for the same currency pair. The Raw Spread Account is a subscription account that requires a monthly subscription in which you either sign up for the "Raw Grow" or "Raw Pro" account, based on your monthly trading volume - the monthly subscription fees of €29/mo and €79/mo respectively, are what enable traders to access extremely tight spreads and all with zero commissions. This is a fairly unique and innovative offering, likely to appeal to a range of trading styles and BDSwiss also offer a low volume trial access to the Raw accounts by way of a €1/mo "Raw Trial" account.

The third account offered by BDSwiss is called Black and it is basically designed to lure high-value Forex traders who require a more premium service like VIP Trading Sessions, Real-Time Trading Alerts, Dedicated Account Manager and Transactional Requests Priority. The Black account does offer these fringe services, but traders end up paying more in spreads as average spreads for a pair like EUR/USD with the Black account starts at 1.1 pips, much higher than the Raw Spread account’s 0.3 pips. The Black account also features the same 250+ tradable assets like the other two accounts. Also, keep in mind that the minimum lot size you can trade with the Black account is set at 0.1 lots or a Mini lot worth 10,000 units of currencies.

BDSwiss usually requires a minimum deposit of $100 to open a live account, but the free demo accounts come with no expiry date. Hence, if you are not yet sure about the viability of your trading strategy, you can use a demo account for as long as you want before making the $100 deposit in your live account with BDSwiss.

A quick comparison of different accounts offered by BDSwiss

Basic Raw Spread Black
Trading Platform MetaTrader 4 & 5 MetaTrader 4 MetaTrader 4 & 5
Commission (per lot) None None None
Starting Deposit (USD) $100 $100 $100
Leverage 500:1 500:1 500:1
Assets for Trading 250+ 250+ 250+
Indices, Commodities, Metals Yes Yes Yes
Minimum trading volume 0.01 lot or Micro lot 0.01 lot or Micro lot 0.01 lot or Micro lot

Trading Platform & Technology

BDSwiss MetaTrader 4 Platform

As an STP/ECN broker, we were surprised to find that BDSwiss has not invested to get a cTrader licence but offers only the MetaTrader 4 platform for the Raw Spread account. However, if you have opted to open the Basic or the Black account, you can get access to the market via the latest MetaTrader 5 platform as well.

BDSwiss Strategy Tester

Nonetheless, both MetaTrader 4 & 5 platforms are very capable software for Forex traders. Both platforms come with over 50 built-in technical indicators that you can utilize to develop your custom trading system and backtest using the free strategy tester.

MetaTrader Marketplace

Also, MetaQuote, the company behind MetaTrader, runs a marketplace where you can purchase thousands of ready-made automated trading strategies as well as custom technical indicators to improve your competitive advantage.

With MetaTrader 4, traders get more choice of custom-built indicators and automated trading algorithms as the platform has been in service much longer and the trading community has been developing these tools with it for over a decade. However, the latest MetaTrader 5 platform does bring a lot of new order types that are beneficial to discretionary traders. Also, the improved software architecture of the MT5 platform is more stable.

As MetaQuote has stopped offering MT4 licenses to new brokers, it is recommended that you try to migrate existing automated systems to MT5 to future proof your strategies. However, as BDSwiss does not offer the MT5 platform for the Raw Spread account, trading on the latest platform would be relatively expensive with this broker.

BDSwiss Mobile Platforms

BDSwiss offers remote access to your Forex brokerage account via the MetaTrader WebTrader platform. In addition, you can also download the BDSwiss Mobile Apps for both Android and iOS devices to trade on the go.

Here is a summary of our order execution test results.

Order Execution Test Results
BDSwiss MT4 Server Location United States - Mountain View, California
Our Client Terminal Location United States - St. Louis, Missouri
5 Day Average During Normal Hours (Pips) Slippage During News Event (Pips)
Slippage 0.0000 0.0000
5 Day Average Time (Milliseconds) Lowest Time (Milliseconds)
Order Execution (Normal Hours) 293.6 250
Time (Milliseconds)
Order Execution (During News) 438

Customer Service and Support

BDSwiss has one of the most diverse multilingual support teams in the Forex industry. The website is translated into 22 languages and traders can call 10 different phone numbers strategically located in different parts of the world to service customers in various languages.

Besides, English, BDSwiss currently offers phone support in German, Italian, Spanish, French, Greek, Swiss and Portuguese.

We were delighted to find out that BDSwiss has invested to provide customer support via several non-traditional channels. Besides emailing their customer support at support@bdswiss.com or requesting a call back from your broker, you can also use a live chat function on the website during market hours. In addition, BDSwiss support can be reached by popular chatting apps like WhatsApp and Telegram.

During our customer service test, we found the support staff of BDSwiss to be extremely helpful and knowledgeable. In fact, BDSwiss is perhaps the only Forex broker that employs full-time market analysts to aid traders with difficult technical analysis queries. Moreover, we found the vast educational resources available to BDSwiss customers as very helpful to the beginner traders.

Based on our criteria, we gave the following ratings to their customer service:

The final rating for customer service experience
Weight Nominal Rating Weighted Rating
Connection Time 10% 4.0 0.40
Toll-free Number (Yes/No) 10% 1.0 0.10
Multilingual Support 10% 5.0 0.50
Professionalism 25% 4.86 1.21
Resolving Issues(Yes/No) 45% 5.0 2.25
Final Rating 3.97 4.46

Deposit and Withdrawal Methods

BDSwiss does not impose any deposit fee regardless of which payment method you select. However, we found the BDSwiss policy for withdrawals is rather expensive as if you withdraw less than $100, you will have to pay a $10 fee, which is more than 10%! Also, to deter clients from making small withdrawals that increase unnecessary stress on staff, BDSwiss imposes a $10 fee for all other withdrawals methods (for amounts less than $20). However, this does not include credit card withdrawals as refunds.

While we did not find any information about any third-party e-payment service on the website of BDSwiss, our research suggests that they do accept deposits and withdrawals via AstroPay, FasaPay, Giropay, Globe Pay, iDEAL, iSighthis, Neteller, Rave, Skrill, and SOFORT.

Current Promotions and Bonus Offers

BDSwiss currently does not offer any deposit bonus offer.

The Bottom Line

As far as regulation is concerned, BDSwiss has its clients pretty much covered as they are regulated by the financial authorities in Mauritius and Cyprus. However, we found it interesting that although they have a registered company in the United States as well as registered with the U.S. National Futures Association, they currently do not accept clients from the U.S. Nevertheless, BDSwiss serves Forex traders from most of the world, including key markets in Europe and Asia, as well as Australia.

As a Straight Through Processing (STP) 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.

Based on our research, we have assigned the following ratings to BDSwiss. To know more about how we rate brokers, read our review process.

Rating Categories Weight Nominal Rating Weighted Rating
1 Regulatory Oversight 15% 4.50 0.68
2 Security of Client's Funds / Segregated acc. 10% 5.00 0.50
3 Business Model of the Broker 5% 4.75 0.24
4 Transaction Costs and Fees 15% 4.25 0.64
5 Ease of Deposit and Withdrawals 5% 5.00 0.25
6 Trading Platform 10% 4.00 0.40
7 Order Execution/Server Latency 5% 5.00 0.25
8 Customer Support 5% 4.46 0.45
9 Leverage and Margin 10% 4.75 0.24
10 Initial Deposit Amount 5% 4.50 0.23
11 Type of Assets Offered 10% 4.75 0.48
12 Public Opinion 5% 4.75 0.24
Avarage Rating 4.64
Weighted Avarage Rating 4.57

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Currencies Swap
Short Long Type
AUDCAD -6.30 -2.20 0
AUDCHF -7.50 0.20 0
AUDJPY -11.34 -1.70 0
AUDNZD -3.20 -5.20 0
AUDUSD 0.60 -3.20 0
CADCHF -7.60 0.40 0
CADJPY -8.50 0.36 0
CHFJPY -2.40 -7.00 0
EURAUD 3.00 -14.50 0
EURCAD -1.00 -10.15 0
EURCHF -5.16 -0.70 0
EURGBP 0.70 -4.50 0
EURHUF -42.00 -19.90 0
EURJPY -1.30 -4.40 0
EURNOK -20.00 -55.00 0
EURNZD 4.00 -15.15 0
EURPLN -1.50 -35.00 0
EURSEK -47.00 -50.66 0
EURTRY 70.57 -250.32 0
EURUSD 5.00 -12.00 0
GBPAUD -1.51 -12.42 0
GBPCAD -4.10 -8.60 0
GBPCHF -8.23 0.50 0
GBPJPY -6.80 1.20 0
GBPNZD 0.00 -14.50 0
GBPUSD 1.50 -8.20 0
NOKJPY -1.14 -0.55 0
NZDCAD -6.50 0.80 0
NZDCHF -11.50 3.40 0
NZDJPY -8.27 2.00 0
NZDUSD -0.60 -3.54 0
USDCAD -5.00 0.80 0
USDCHF -11.50 2.00 0
USDCZK -45.00 -1.20 0
USDDKK -68.00 -13.50 0
USDHKD -8.50 -20.00 0
USDHUF -58.00 -37.30 0
USDJPY -13.20 3.20 0
USDNOK -18.00 -23.50 0
USDPLN 1.50 -37.50 0
USDSEK -58.00 -4.30 0
USDSGD -3.75 -9.60 0
USDTRY 7.43 -273.20 0
XAUUSD 1.50 -10.20 0
XAGUSD -0.05 -0.25 0
BTCUSD -100.00 -100.00 2
ETHUSD -100.00 -100.00 2
XRPUSD -100.00 -100.00 2
LTCUSD -100.00 -100.00 2
Swap Chart for EURUSD for different FX Brokers
Long Swaps
Short Swaps
Change Currency
Volume
AUDCAD 58
AUDCHF 53
AUDJPY 71
AUDNZD 41
AUDUSD 45
CADCHF 42
CADJPY 57
CHFJPY 48
EURAUD 121
EURCAD 131
EURCHF 69
EURGBP 111
EURHUF 1
EURJPY 85
EURNOK 172
EURNZD 67
EURPLN 3
EURSEK 77
EURTRY 104
EURUSD 59
GBPAUD 71
GBPCAD 68
GBPCHF 72
GBPJPY 135
GBPNZD 76
GBPUSD 92
NOKJPY 141
NZDCAD 54
NZDCHF 50
NZDJPY 58
NZDUSD 19
USDCAD 90
USDCHF 46
USDCZK 2
USDDKK 2
USDHKD 1
USDHUF 13
USDJPY 94
USDNOK 171
USDPLN 35
USDSEK 72
USDSGD 50
USDTRY 29
XAUUSD 121
XAGUSD 42
BTCUSD 3
ETHUSD 5
XRPUSD 16
LTCUSD 3
Volume Chart
Headquarters Limassol, Cyprus
Type of Broker STP
Founded 2012
Regulated By Regulated By CySEC (Cyprus), FSC (Mauritius)
Offices In Cyprus, Germany, Albania
Supported Languages English, german, italian, spanish, polish, czech, portuguese, chinese, french, indonesian, malaysian, dutch, danish, swedish, russian, arabic, south korean
ESMA Regulated? This broker is regulated within the E.U and issubject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article
Currencies Swap
Short Long Type
AUDCAD -6.30 -2.20 0
AUDCHF -7.50 0.20 0
AUDJPY -11.34 -1.70 0
AUDNZD -3.20 -5.20 0
AUDUSD 0.60 -3.20 0
CADCHF -7.60 0.40 0
CADJPY -8.50 0.36 0
CHFJPY -2.40 -7.00 0
EURAUD 3.00 -14.50 0
EURCAD -1.00 -10.15 0
EURCHF -5.16 -0.70 0
EURGBP 0.70 -4.50 0
EURHUF -42.00 -19.90 0
EURJPY -1.30 -4.40 0
EURNOK -20.00 -55.00 0
EURNZD 4.00 -15.15 0
EURPLN -1.50 -35.00 0
EURSEK -47.00 -50.66 0
EURTRY 70.57 -250.32 0
EURUSD 5.00 -12.00 0
GBPAUD -1.51 -12.42 0
GBPCAD -4.10 -8.60 0
GBPCHF -8.23 0.50 0
GBPJPY -6.80 1.20 0
GBPNZD 0.00 -14.50 0
GBPUSD 1.50 -8.20 0
NOKJPY -1.14 -0.55 0
NZDCAD -6.50 0.80 0
NZDCHF -11.50 3.40 0
NZDJPY -8.27 2.00 0
NZDUSD -0.60 -3.54 0
USDCAD -5.00 0.80 0
USDCHF -11.50 2.00 0
USDCZK -45.00 -1.20 0
USDDKK -68.00 -13.50 0
USDHKD -8.50 -20.00 0
USDHUF -58.00 -37.30 0
USDJPY -13.20 3.20 0
USDNOK -18.00 -23.50 0
USDPLN 1.50 -37.50 0
USDSEK -58.00 -4.30 0
USDSGD -3.75 -9.60 0
USDTRY 7.43 -273.20 0
XAUUSD 1.50 -10.20 0
XAGUSD -0.05 -0.25 0
BTCUSD -100.00 -100.00 2
ETHUSD -100.00 -100.00 2
XRPUSD -100.00 -100.00 2
LTCUSD -100.00 -100.00 2
Swap Chart for EURUSD for different FX Brokers
Long Swaps
Short Swaps
Change Currency
Volume
AUDCAD 58
AUDCHF 53
AUDJPY 71
AUDNZD 41
AUDUSD 45
CADCHF 42
CADJPY 57
CHFJPY 48
EURAUD 121
EURCAD 131
EURCHF 69
EURGBP 111
EURHUF 1
EURJPY 85
EURNOK 172
EURNZD 67
EURPLN 3
EURSEK 77
EURTRY 104
EURUSD 59
GBPAUD 71
GBPCAD 68
GBPCHF 72
GBPJPY 135
GBPNZD 76
GBPUSD 92
NOKJPY 141
NZDCAD 54
NZDCHF 50
NZDJPY 58
NZDUSD 19
USDCAD 90
USDCHF 46
USDCZK 2
USDDKK 2
USDHKD 1
USDHUF 13
USDJPY 94
USDNOK 171
USDPLN 35
USDSEK 72
USDSGD 50
USDTRY 29
XAUUSD 121
XAGUSD 42
BTCUSD 3
ETHUSD 5
XRPUSD 16
LTCUSD 3
Volume Chart
Account Currencies EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK
Minimum Deposit $100
Traders from USA Allowed No
Clients Funds Segregated Yes
Interest on Margin No
Islamic Accounts Yes
Islamic Account Restrictions Muslim faith only
ECN / STP Accounts Offered No
Commission on STP or ECN
VIP Accounts Offered Yes
VIP Account Requirements $5,000 Minimum Deposit
Mini Accounts Offered Yes
PAMM / MAM Solutions Yes
API Solutions Yes
Web Based Trading No
Funding Methods Credit/Debit Cards, Wire Transfer, skrill
Withdrawal Methods Credit/Debit Cards, Wire Transfer, skrill
Platforms Offered MetaTrader 4, MetaTrader 4 iOS, MetaTrader 4 Android, MetaTrader 5, MetaTrader 5 iOS, MetaTrader 5 Android
NO of Pairs 82
Pricing Digits 5
Trade off Charts Yes
One-click Execution Yes
Email Alerts No
Mobile Alerts No
MetaTrader Server Time GMT + 3
Demo Account Expiry Non-Expiring
VPS Offered Yes
Free VPS Conditions Free with Black Account (min. Deposit $5000)
Dealing Desk No
Maximum Leverage 500:1
Minimum Contract Size 0.01
Execution Instant Execution
Hedging No
Scalping No
Option of OCO No
Option of FIFO No
Negative Balance Protection No
CFD's Yes
Metals Yes
Oil Yes
Stocks Yes
Indices Yes
Short Long Type
AUDCAD -6.30 -2.20 0
AUDCHF -7.50 0.20 0
AUDJPY -11.34 -1.70 0
AUDNZD -3.20 -5.20 0
AUDUSD 0.60 -3.20 0
CADCHF -7.60 0.40 0
CADJPY -8.50 0.36 0
CHFJPY -2.40 -7.00 0
EURAUD 3.00 -14.50 0
EURCAD -1.00 -10.15 0
EURCHF -5.16 -0.70 0
EURGBP 0.70 -4.50 0
EURHUF -42.00 -19.90 0
EURJPY -1.30 -4.40 0
EURNOK -20.00 -55.00 0
EURNZD 4.00 -15.15 0
EURPLN -1.50 -35.00 0
EURSEK -47.00 -50.66 0
EURTRY 70.57 -250.32 0
EURUSD 5.00 -12.00 0
GBPAUD -1.51 -12.42 0
GBPCAD -4.10 -8.60 0
GBPCHF -8.23 0.50 0
GBPJPY -6.80 1.20 0
GBPNZD 0.00 -14.50 0
GBPUSD 1.50 -8.20 0
NOKJPY -1.14 -0.55 0
NZDCAD -6.50 0.80 0
NZDCHF -11.50 3.40 0
NZDJPY -8.27 2.00 0
NZDUSD -0.60 -3.54 0
USDCAD -5.00 0.80 0
USDCHF -11.50 2.00 0
USDCZK -45.00 -1.20 0
USDDKK -68.00 -13.50 0
USDHKD -8.50 -20.00 0
USDHUF -58.00 -37.30 0
USDJPY -13.20 3.20 0
USDNOK -18.00 -23.50 0
USDPLN 1.50 -37.50 0
USDSEK -58.00 -4.30 0
USDSGD -3.75 -9.60 0
USDTRY 7.43 -273.20 0
XAUUSD 1.50 -10.20 0
XAGUSD -0.05 -0.25 0
BTCUSD -100.00 -100.00 2
ETHUSD -100.00 -100.00 2
XRPUSD -100.00 -100.00 2
LTCUSD -100.00 -100.00 2
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