As the name implies, BDSwiss is situated in Switzerland and gives users the choice of registering on a European or Swiss platform. Serving traders all over the world are more than ten offices.
The broker, which has almost 1 million client trading accounts, is the market leader in CFD and forex trading. The company is also subject to CySEC regulation; BDSwiss is a trading division of BDSwiss Holding Ltd., a company registered in Cyprus under registration number HE300153 and subject to CySEC regulation under license No. 199/13.
In 2012, BDSwiss was introduced in Zurich. As a global provider with more than 16,000 affiliate accounts, the firm currently conducts more than €20 billion in foreign exchange operations each month. BDSwiss has authorization from CYSEC in the EU, FSC, and the National Futures Association in the US. BDSwiss Holding plc, BDSwiss LLC, BDS Markets, and BDSwiss GmbH are among the businesses in the group.
The websites of BDSwiss are typically in English, although visitors from other countries can select a different language to use if they wish. It takes less than a minute to create an account on the platform, so you can begin trading nearly immediately.
The platform is simple to use, and you can access the Trading Academy on the main BDSwiss website if you are new to trading. To add €10,000 in demo trading funds to a BDSwiss demo trading account, you must speak with an advisor personally.
With BDSwiss, you can trade CFDs or forex, and the trading procedure is straightforward.
You can choose to trade utilizing the BDSwiss WebTrader platform, which also includes full training, or you can use the website’s MetaTrader 4 (MT4) trading option.
You’ll discover as you browse their website that they provide frequent webinars for traders, video courses, and a variety of training materials for traders of all experience levels.
You can trade many different asset classes with BDSwiss, including forex, commodities, indices, stocks, and cryptocurrencies. All major CFD currency pairings, the majority of minor currencies, and a variety of unusual currency pairs are available to you if you want to trade the Forex markets.
There are more than 50 different currency pairs available.
More than five CFDs on commodities, including oil, natural gas, and gold, are available on the platform. Four of the most well-known international stock exchanges offer more than 140 stock pairs. There are also numerous cryptocurrency and index pairings available.
You can explore all asset classes with BDSwiss after registering, and the list of available assets is constantly expanding.
The EUR/USD pair, one of the major currency pairings, would be a pretty straightforward illustration of currency trading in the Forex market. If you are given a price quote for the EUR/USD pair of 1.10, it means you are purchasing 1.10 USD for every EUR.
If the price were to change by 1.20, it would be evidence that the dollar has lost strength against the euro. This trade would be profitable if you opened a position to buy the euro against the US dollar. Any forex trade aims to earn from sales or purchases by predicting the currency’s growth or decline.
Spreads and commissions
The spread is the price at which currency pairs and indices are quoted on the financial markets. The spread is the price difference between the offer price and the asking price, which is the price you pay for an item (and what you achieve when you sell).
Spread values vary per asset and are measured in pips. With BDSwiss, you rarely pay commissions or trading costs; instead, spreads are adjusted to include trading fees. Spreads fluctuate throughout the day based on the volatility and state of the markets.
Share CFD trades are subject to a small commission (0.1%), as well as charges when a trade is carried over to the next day.
The mobile app is accessible through Google Play and the Apple App Store. By just logging into the website with your Facebook or Google accounts, you may access BDSwiss Web Trader without having to download anything. The BDSwiss mobile platform allows for simple trading via mobile devices and supports all asset classes.
Trading account replenishment methods
The website provides a variety of methods for making deposits and withdrawals, including bank transfers, credit or debit cards, Skrill, and Sofortüberweisung (Sofort).
The amount of cash that can be deposited or withdrawn is not limited, although wire transactions up to €100 are subject to a €10 fee, and the minimum withdrawal amount for bank transfers is €50 plus a €10 fee.
Regulation and licensing
BDSwiss is a CYSEC-registered broker that is completely regulated. The trading division of BDSwiss Holding Ltd., a business registered in Cyprus under registration number HE300153 and subject to regulation by the Cyprus Securities and Exchange Commission (“CySEC”) under License No. 199/13, is known as BDSwiss.
The FSA in South Africa also oversees the business.
BDSwiss is undoubtedly one of the most dependable traders in the European and international markets, with over one million active traders at any given moment.
The Classic Account for Retail Traders, the VIP Account with its smaller spreads, and the Raw Account, which is the most popular option, are all BDSwiss accounts.
Five days a week, from 9:00 am to 11:30 pm, BDSwiss Customer Support is accessible via Live Chat. You may also contact the platform by email by using the email@example.com address or the contact form.
Traders can choose from a variety of stocks and commodities at BDSwiss. For trading in candlestick or line format, the website provides a helpful charting option, and you may add your own chosen indicators from the extensive selection offered there. The software provides a wealth of sophisticated capabilities for technical analysis and decision-making, which forex traders will also discover.