BDSwiss, a leader in the world of online trading, is an internationally renowned broker that offers a versatile and accessible investment platform. Founded in 2012, the company has excelled in the financial market due to its commitment to excellence and customer satisfaction.
This Broker stands out for offering a wide range of financial instruments, ranging from currency pairs and commodities to CFDs on stocks and cryptocurrencies. Its intuitive and user-friendly platform, suitable for both beginners and experienced traders, allows investors to access global markets and make informed decisions.
My Honest Opinion of BDSwiss
BDSwiss excels in several aspects. It offers a wide variety of account types. Additionally, the BDSwiss platform provides access to over 250 instruments, including Forex, CFDs on Stocks, CFDs on Indices, CFDs on Commodities, and CFDs on Cryptocurrencies.
While BDSwiss is a solid broker, it’s essential to consider that the online broker market is vast and diverse. Some traders may prefer to explore other alternatives before making a final decision.
I would recommend that you do not open an account with BDSwiss since it is a Broker that is very expensive in terms of commissions and spreads. This Broker is similar to IronFX, which is very good and safe, but they take advantage of this to charge excessively expensive commissions for each trade executed through their platform.
Given this, I will recommend three alternatives that are better than BDSwiss and are equally secure since they are regulated by recognized authorities:
Libertex is an option that has gained recognition for its intuitive and transparent trading platform. Its focus on providing a top-notch trading experience and the variety of available assets can be attractive to those looking for a reliable platform. For more information, visit the Libertex Broker review, and to register with this Broker, you can do so here:
XM is known for its commitment to educating traders. It offers a wide range of educational resources, including live webinars. Additionally, it provides access to a variety of instruments and flexible account options. For more information, visit the XM Broker review, and to register with this Broker, you can do so here:
HF Markets HFM (HotForex):
HF Markets, also known as HotForex, has stood out for its diversity of accounts and for offering a wide range of assets, including cryptocurrencies. Its robust platform and analytical tools are strong points that could attract traders. For more information, visit the HotForex Broker review, and to register with this Broker, you can do so here:
Is BDSwiss Regulated?
Yes, BDSwiss is regulated as a leading online Broker in the financial market. This broker operates under strict regulations that ensure the safety and transparency of its services.
The company is registered and regulated by multiple financial authorities in different jurisdictions, reflecting its commitment to complying with the strictest regulations. BDSwiss is authorized and regulated as an Investment Firm by the FSC since 06/12/2016, with license number C116016172. It also has a license from the FSA under license number SD047. In addition to the two previous regulations, this Broker is also regulated by the Cyprus Securities and Exchange Commission under license number 199/13.
Types of Accounts at BDSwiss
Currently, BDSwiss offers four types of accounts:
The Cent Account:
For those looking to start their journey into the world of trading, the Cent Account offers an affordable entry point. With a minimum deposit of 10 USD, this account puts the market at your fingertips. Spreads, those margins between buying and selling, start at 1.5 pips, offering exciting opportunities. Wondering what leverage means? With a maximum leverage of 1:500, you can increase your investments and broaden your financial horizons.
What can you trade? Over 70 instruments, including Forex and CFDs on Commodities. Also, don’t worry about lot commissions; they are zero! When should you pay attention? The margin call is at 50%, and the Stop Out is at 20%. For your convenience, the available platforms are WebTrader, the mobile app, and MetaTrader 4. You can also request an Islamic account if needed. And don’t forget the support! You have access to the Trading Academy and live webinars, as well as 24/5 support.
For those seeking a more diversified experience, the Classic Account is a solid choice. With a minimum deposit of 10 USD, this account gives you access to a wide range of instruments, with spreads starting at 1.5 pips. Do you love the idea of a maximum leverage of 1:500? This account has it.
What can you trade? Over 250 instruments, from Forex to CFDs on Stocks, Indices, Commodities, and Cryptocurrencies. Lot commissions are zero for currency pairs and 2 dollars for indices. The margin call and Stop Out remain at 50% and 20%, respectively.
Platform options include WebTrader, the mobile app, MetaTrader 4, and MetaTrader 5. Like in the Cent Account, you can request an Islamic account, and you have access to the Trading Academy and live webinars. And, of course, support is available 24/5.
If you’re ready to take a step forward in your trading, the VIP Account gives you the opportunity to do so. With a minimum deposit of 500 USD, you enter a world of spreads starting from 1.1 pips and a maximum leverage of 1:500. What can you trade? Just like in the Classic Account, you have access to over 250 instruments, from Forex to CFDs on Stocks, Indices, Commodities, and Cryptocurrencies. But here’s the exciting part: lot commissions are zero for currency pairs and indices! The margin call and Stop Out remain at 50% and 20%, respectively. The available platforms are the same: WebTrader, the mobile app, MetaTrader 4, and MetaTrader 5. You can also request an Islamic account, and you have access to the Trading Academy and live webinars. And don’t worry, support is available 24/5.
For those looking for a top-tier trading experience, the Raw Account is a logical choice. With a minimum deposit of 500 USD, you can enjoy spreads starting from 0.3 pips and a maximum leverage of 1:500.
What can you trade? Over 250 instruments, including Forex, CFDs on Stocks, CFDs on Indices, CFDs on Commodities, and CFDs on Cryptocurrencies. Commissions are 5 dollars per lot for currency pairs, 5 dollars per lot for commodities, and 2 dollars per lot for indices. The margin call and Stop Out remain at 50% and 20%.
The available platforms are the same as in the other accounts: WebTrader, the mobile app, MetaTrader 4, and MetaTrader 5. You can also request an Islamic account and have access to the Trading Academy and live webinars. Support is still available 24/5.
BDSwiss: Scam or Reliable? Discover the Truth
When considering an online trading platform like BDSwiss, it’s natural for questions about its reliability and legitimacy to arise. Here, we’ll provide an honest insight to help you better understand this matter.
Is BDSwiss a Scam?
The straightforward answer is no, BDSwiss is not a scam. The company is an online Broker that operates under strict financial regulations. Additionally, BDSwiss has been in operation since 2012 and has built a solid reputation in the financial industry. The company offers traders access to a variety of instruments, including Forex and CFDs, and provides advanced trading tools.
Why Do Doubts Arise?
Often, doubts about the reliability of online brokers stem from negative experiences of traders. It’s essential to highlight that, as with any trading platform, performance and experience can vary depending on the skill and strategy of the trader. Losses are possible, and some traders may express their frustration as an alleged scam, which doesn’t necessarily reflect reality.
Although it is reliable, I recommend not registering with BDSwiss due to its high commissions
Even though BDSwiss is a reliable Broker due to its high level of security and existing regulations, I still recommend not registering with this Broker as I mentioned earlier that it is very expensive. There are other Brokers in the market that are equally secure and more cost-effective in terms of commissions.
I invite you again to reconsider your registration with BDSwiss and get more information from the links above for Libertex, XM, and HF Markets, as they are excellent alternatives. And in case you want to register with these Brokers, I recommend doing so here: