It is crucial to read the broker review before trading with the broker. You can find the BDSwiss Review in detail below.
BDSwiss Review – Is it Safe?
BDSwiss is regarded as a moderately risky broker with a fairly good trust score (78/99). BDSwiss isn’t publicly traded, and it doesn’t run a bank. One tier-1 authority (Financial Conduct Authority), one tier-2 authority, and one tier-3 authority have all approved the broker.
BDSwiss Review – Investment Options
The investment options at BDSwiss are extensive, although it is based on the asset sector that is selected. With more than 50 currency pairings, the Forex market is the most well-represented industry. Users may get a taste of this asset class with 7 commodities CFDs. Interestingly, with 21 cryptos, BDSwiss provides a wide selection of options, which is pleasant since this is an area that brokers sometimes overlook. BDSwiss’ offering is completed with 12 index and 138 equity CFDs. This is a good option for newbie traders who want to learn how to trade, but expert traders searching for extremely specialized assets might find something lacking.
There are almost 250 assets for trading. The types of securities that can be traded vary by location.
BDSwiss Review – Account Types
BDSwiss users can choose from six different accounts: Cent, Classic, Premium, VIP, Raw, & InvestPLUS. Minimum payments, trading items, max leverage, and spreads for smooth trading are all features and criteria of each account type. On request, Islamic accounts are accessible.
The first account type was intended to allow every trader to invest tiny sums in markets all around the world while also getting a taste of trading using BDSwiss.
One of the major benefits of the Cent account is that it lets both skilled and newbie traders execute precise trades and tactics with a much lower risk percentage than usual.
The second account type provides MetaTrader 4, MetaTrader 5, the BDSwiss Mobile App, and Web Trader.
Even though the Classic Account has significant limitations in terms of trading instruments, users still have accessibility to instructional resources, along with trading calculators and different tools.
Hedging is possible with this account.
The third account type, which was created in 2021, is designed for traders with a high-risk appetite.
The Premium account’s amazing leverage of a maximum of 1:1000, as well as spreads as narrow as 1.1 pips with $/€/£0 fees on over 70 instruments, is one of its most appealing characteristics.
With this account, the broker has met the needs of its users who are conscious of the hazards associated with CFD trading but yet want to benefit from the freedom that high leverage may provide in less risky market circumstances.
Premium Account’s features include:
- Contract size: 1 lot (for fx pairs), 100oz/bbl (for Gold/Oil)
- AutoChartist
- Spreads: from 1.1 pips (for fx), 30 pips (for Gold & Oil)
- Min. lot: 0.01
- Max. lot: 2 per trade
- Max. no. of positions: 40 (note: Max number of open positions including pending limit orders is 300 across all accounts)
- Max. individual trade size: 2 lots
- Stop out level: 20%
- Hedging: allowed
- Scalping: allowed
- Symbols: 50+ forex symbols, Gold, and Oil
The assets, minimum and maximum lot sizes, leverage, and the possibility of an Islamic account are all available on the fourth account type, just as they are on the Classic account.
VIP Account’s features include:
- Access to real-time trading alerts
- AutoChartist
- Daily Analysis and Hot Assets Email
- One-on-one VIP Trading Session
- VIP Educational Material
- Free Access to all seminars
- VPS Service
- Access to a dedicated Account Manager, and
- Transactional requests priority
When it comes to the fifth account type, there are several deviations to the standard account capabilities that are common to all accounts.
One of those disadvantages is that the Raw Spread Account doesn’t enable users to employ MT5 as a trading platform, though they do have accessibility to:
- Free educational resources
- Trading calculators
- Daily Analysis as well as Hot Assets Email
- Live Webinars
- VPS Service, and
- Hedging is allowed
The last account type is exclusively offered through BDSwiss’s FSC-certified business.
It is only available on the MetaTrader 5 trading platform.
The InvestPlus account is unique among BDSwiss trading accounts in that it provides direct market access to over 1000 stocks & exchange-traded funds (ETFs) as CFDs.
BDSwiss Review – Platforms
The broker’s platform inventory comprises MT4 and MT5, and also the WebTrader, a locally created mobile software that allows customers to establish an account, transfer, sell, and withdraw funds all from their iOS or Android devices.
Although the most fundamental editions of the MT4/MT5 are provided, an additional Autochartist plugin for the MetaTrader 4 is available, but all other EAs and plugins must be installed separately by BDSwiss users. There are several free upgrades accessible; but, improvements required by skilled traders may be pricey. Furthermore, the MetaTrader 5 platform does not offer backward compatibility, making it an uncomfortable alternative for traders who have current MT4-based solutions.
Although the broker’s Webtrader is promoted as a feature-rich platform, it does not offer automated trading options. As a result, it’s a less powerful version of the MetaTrader 4/MetaTrader 5 web variants. Pending orders are used to promote automated trading, however, this misses the point of this growing industry.
The broker’s mobile app which was built entirely in-house, allows users to maintain their funds and trade on the go. Essentially, the BDSwiss App is quite user-friendly and fast. Users may create an account, transfer, withdraw funds, submit their KYC, and, obviously, trade at any time and from any location.
Fees
While the majority of charges are made up of spreads & commissions, the broker also offers a premium Raw Account featuring spreads as low as 0 pips and charges as low as $5 for each traded lot. The classic account has a typical spread of 1.5 pips, which is an unacceptably high mark-up in comparison to the competition. Regarding the VIP account, commissions across all indices as well as shares are reduced to an average of 1.1 pips Commission-free trading is available in FX, crypto, and commodities. BDSwiss has a modest $2 each lot pricing system for index CFDs, and a 0.15 percent for each share fee for equities CFDs. BDSwiss’ most attractive offer is a one-of-a-kind solution in the brokerage sector, comprising of a competitive Raw account with a $5000 account balance. The per-traded-lot fee is fixed at $5. In nightly leveraged situations, swap rates apply. Equity & index CFDs are affected by corporate actions like payouts and mergers. After 3 months, an inactivity charge of 10% of the account balance will also be applied.
Security and User Experience
The broker focuses on offering exceptional execution through a mix of outstanding liquidity provided by top-tier sources and trustworthy technology to give customers the best trading circumstances possible. BDSwiss users get access to the market using MT4, which is noted for its uptime, connection, and general dependability, as well as MT5, which is offered to all types of accounts.
The broker offers all of the tools and software needed to enter the market and operate without obstacles for both seasoned investors and newbies. Furthermore, BDSwiss’s patented WebTrader and Mobile app provide exceptional efficiency and connection, allowing clients to stay connected from any place.
Customers can contact customer service experts 24 hours a day, on weekdays if they have any problems or questions about BDSwiss services. Staff can be reached through phone, email, or live chat. The Faqs part of the site covers main themes from registering to trading for users who are comfortable seeking their own solutions to frequent problems.
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