BDSwiss is multi-regulated award-winning 250 traded instruments. They provide a powerful trading platform with additional trading tools and lots of educational material. In this BDSwiss review, our team has covered some of the most important aspects for you to consider when choosing the best broker. BDSwiss is ranked in the best forex broker, best stock broker, best CFD broker, best crypto broker, and best online broker categories.
BDSwiss takes great pride in offering the best trading conditions with an advanced trading platform and excellent customer support. As of December 2018, they had more than 1 million registered accounts, an average of more than 20 billion monthly FX transaction volume, and more than 10 million annual transactions processed.
BDSwiss takes a client-focused approach and applies innovative technologies to offer a unique trading platform and tools. They provide 24/5 multilingual support and a dedicated personal account manager to help you on your trading journey. Consumers have access to a wealth of educational material including video tutorials, webinars, and real-time professional analysis.
BDSwiss has won many awards including Best Trading Terms (World Finance 2019) and Best Trading App (Mobile Star Award 2018/2019).
License
BDSwiss is part of a worldwide operations group headquartered in Zug, Switzerland. The BDSwiss Group has licenses and registrations in various jurisdictions. Such regulations can help give prospective clients peace of mind that they will be dealing with a broker that is safe and trustworthy.
BDSwiss LLC is legalized and registered with the United States National Futures Association (NFA).
The Financial Services Commission (FSC) has authorized and regulated BDS Markets.
The Cyprus Securities and Exchange Commission (CySEC) has authorized and licensed BDSwiss Holding PLC. BDSwiss GmbH is the registered bound agent of BDSwiss Holding PLC in Germany.
BDSwiss Holding PLC operates under the Markets in Financial Instruments Directive (MiFID) which increases transparency across EU financial markets and standardizes the required regulatory disclosures for specific markets. As regulated investment companies, they are required to comply with all relevant European and local laws and regulations regarding the offering of investment services, the conduct of investment activities, and the operation of regulated markets.
BDSwiss does not keep client funds in the same bank account as the company. They are segregated at the top banks to ensure that they cannot be used for other purposes such as operating expenses. Client funds must be available to be withdrawn quickly and efficiently. All client data is encrypted using advanced security software and kept confidential without being passed on to third parties.
Trading Platforms
BDSwiss has the very popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms available on desktop (Windows/Mac), web and mobile (iPhone/iPad/Android/Tablet). They also have the multi-award-winning BDSwiss web and mobile platform.
MetaTrader 4
MT4 was developed by the Russian company MetaQuotes and is considered the most popular trading platform in the world. MetaQuotes continues to invest heavily in platform development, testing, and improvement, all of which help make MetaTrader one of the most advanced trading platforms available.
BDSwiss MT4 has been optimized with advanced technology and is suitable for investors of all experience levels with an intuitive user interface and many features for a comfortable trading environment.
MT4 features include real-time quotes, customizable charts, multiple timeframes, technical indicators, various types of trade orders/executions, alerts, news feeds, automated trading, and more. All the tools needed to conduct a thorough market analysis and trading are readily available.
MT4 is a free download for desktops and is available as a mobile app on Android and iOS. This is useful for those who need to trade on the move from anywhere in the world with an internet connection.
MetaTrader 5
MT5 is the successor to MT4 plus an extra sophisticated version in the preferred trading platform. While the overall interface and feel are very similar, there are some additional features including more advanced trading tools and indicators to aid market analysis and trading.
Additional features include the ability to display 100 charts simultaneously, advanced order types, more than 80 technical indicators, more than 40 analytical objects, multiple charting/analysis options, and more time frames.
BDSwiss clients can have an enhanced trading experience with MT5 as well as a large number of trading instruments in more markets, with multi-asset trades in over 250 CFDs.
MT5 is a free download for desktops and is available as a mobile app on Android and iOS. This is useful for those who need to trade on the move from anywhere in the world with an internet connection.
While MT4 will suffice for most investors, those looking to diversify into other markets or who need to do more complex analysis may consider MT5 as an alternative.
Deposits and Withdrawals
BDSwiss has a personalized and secure client portal from which clients can make deposits and withdrawals using a variety of convenient methods including bank transfers, credit cards, and popular online payment processors such as Skrill and Neteller.
BDSwiss uses an internationally accredited security system, Secure Sockets Layer (SSL). This system automatically encrypts all credit card payments processed over the Internet. Users will receive an immediate notification if the browser does not support this protocol.
Some charges may possibly apply when utilizing certain payment methods. Bank transfers may take several business days to complete while some methods such as card payments are instantaneous. There are no fees for deposits by credit card or e-wallet. The average withdrawal speed is 5 hours. Account finance at BDSwiss can open USD, EUR, and GBP. A different currency option is advantageous because currency conversion fees do not apply when using an account in your currency.
Wrapping Up
BDSwiss is a multi-regulated and award-winning broker with a great range of instruments to trade across a wide range of asset classes. They provide a powerful trading platform with additional trading tools and lots of educational material. Account types are flexible depending on your individual needs while customer support is very prompt and courteous.