BDSwiss takes pride in its strong client base across numerous countries across the globe. And while this might be a testament to the firm’s trustworthiness and reliability, fact of the matter is, there are a lot of other factors to consider ascertaining the good will and good standing of a brokerage.
The review team had gone through BDSwiss’s three key offerings namely, the assets that are covered by the jurisdiction of the regulator that sanctions the firm, the live and fixed trading accounts it provides, and the trading platforms that are available for each. Alongside these, the review team had also assessed the other facets of the firm’s services to paint a clearer picture of its overall competency.
What We Need to Know About BDSwiss
One of the brokerages that are at the helm of the trading industry in a global scale, BDSwiss was incepted with the aim of opening traders to multiple markets through both its mainstream trading vein and its elite members-only club.
The firm had been established in Zurich in the year 2012 and had since gone on to become one of the most well-known international brokerages. It now has bases in notable trading territories such as Berlin, Malaysia, Kosovo, and Cyprus.
Given these countries of operation, BDSwiss goes under the regulation of a number of financial authorities including the likes of CySEC, BaFin, and ESMA alongside others. Upping the level of trust among traders, BDSwiss fares well with a number of accolades that it had received over the past years. In 2019 it had been recognized for its provision of the best trading conditions. In 2020, it had again received the same award along with being the Best FX and CFDs broker and Best Partnership Program.
In addition, through its regulation of the likes of the ESMA and NFA, clients are guaranteed of fund protection in the event of insolvencies and huge trading losses that have sprung from fraudulent and other shady transactions.
BDSwiss’s regulatory status and number of recognitions that it had received are enough to pin one’s trust on the capabilities of the firm. But more importantly, these information affirm the legitimacy of the firm and its operations. But of course, we have yet to take into account the actual access to the asset markets and how these are transacted so that we would be able to completely assess the over-all competency of the firm’s services.
What BDSwiss Clients are in For
BDSwiss’s Asset Classes
BDSwiss offers an impressive range of assets that total to over 250 assets. These instruments belong to markets such as Commodities, CFDs, Cryptocurrencies, Foreign Currencies, and Indices. With the CFDs, the clients of the firm are also given the chance to trade the underlying assets.
These markets are of course popular within the trading community but are altogether highly liquid and are therefore viable.
The Trading Accounts
Recognizing that no two traders are alike, BDSwiss had developed 4 types of live accounts. With consideration to the Classic and the VIP accounts, the fees that are being charged to these are already integrated within the spread. Traders who opt to make bigger trades and commissions should open a Raw account. Through this account, the spread is interbank, with commissions paid for every transaction lodged.
Among the four account offerings, it is the InvestPlus account that opens more assets to BDSwiss traders. It provides 1000 and above CFDs.
Users benefit from these accounts as these implement moderate fees for transactions and there is always a choice between opening either a Raw Spread with Commission or Spread-Only account. On top of this, withdrawals are done free of charge.
These accounts may be funded through credit cards, bank transfer, and a number of electronic wallet options.
The minimum deposit to open an account is only 100 USD. While it may be appealing to traders, the review team contends that this initial deposit might not be practical at all. This is the case as this would not be enough to cover losses that could be potentially incurred from initial transactions. Such things are inevitable and it would be wise for the trader to ready his or her funds in the event of such.
BDSwiss’s Software for Trading
BDSwiss has its own developed platform for trading. This solely based online and foregoes the need of downloading and installing the application. The user interface is highly-intuitive and bears a comprehensive set of tools for technical analysis and holistic management.
Apart from this, the firm also offers industry favourite, MetaTrader 4. As traders across all types of trading endeavours may already know, the MT4 has numerous trading tools such as technical indicators, customizable charts, educational materials, and trading signals just to name a few. These are all accessible through a clean interface.
Why Trade Through BDSwiss
In general, trading through BDSwiss is evidently lucrative given the number of assets that are readily available for trading across all account types. The trading conditions that are fostered by each account types are also sound and indicative of the firm’s concern for its traders, although the review team admits that the small amount required for account creation needs to be increased.
It also helps that BDSwiss has a solid regulatory status and has numerous awards under its belt.