- February 13, 2020
- Posted by: MK Consultus
- Category: Forex Trading
BDSwiss offers Islamic swap-free trading on selected trading account levels. BDSwiss offers Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. Overall, BDSwiss can be summarised as a safe broker that provides competitive spreads and a rich educational section to traders. BDSwiss has an average monthly trading volume of $84 Billion https://forex-review.net/bdswiss/ which earned them a trust score of 94 out of 100. BDSwiss is fully regulated by the Financial Services Authority (FSA), the Financial Services Commission (FSC), the Financial Sector Conduct Authority (FSCA) and the Mwali International Services Authority (MISA). Traders will find four maintrading platforms that are fairly intuitive and responsive, average execution speed is 0.01s.
- If this issue would magically go away, this broker would be a great place to earn some money – they got everything you need.
- You can receive an additional margin boost on your initial deposit amount and this limited-time promotion can only be redeemed within the first 30 days after the day of your registration.
- As a regulated broker, BDSwiss has the obligation to know its clients (KYC), which is why it requires you to verify your identity.
Putting it all together, I like that BDSwiss give us access to trade some of the most popular instruments in a regulated environment. You can choose between the industry standard MetaTrader 4/5 platforms, both which deliver a user-friendly and sophisticated trading experience. This is a decent range but not quite on par with the great selection over at FXPRIMUS. BDSwiss allows traders to choose from 4 different Live account types according to your own preference & suitability. The minimum deposit at BDSwiss is $100 for SA traders with Classic Account. They are a reputed CFD broker that allows trading on a wide range of CFD trading instruments including 51 currency pairs & 200+ other CFDs on shares, commodities and indices.
Learn Forex Trading
The BDSwiss WebTrader is the brokers own proprietary trading platform. The broker also provides margin calls if you are trading on leverage to help you control your level of account equity at all times. Here is a more detailed look at the range of trading features the broker provides, and how they may impact your trading experience. The BDSwiss minimum deposit will depend on the type of account you choose. This minimum deposit is $100 for the DBSwiss Classic Account, rising to $3000 for the DBSwiss VIP Account, and finally $5000 for the DBSwiss RAW Account.
In addition, BDSwiss provides multiple trading platform options such as MT4, MT5, and proprietary BDSwiss WebTrader and mobile apps. Moreover, trading conditions are competitive with the broker, as BDSwiss provides tight spreads on multiple account types and minimal commissions. To sum everything up, BDSwiss is a mildly regulated broker that offers a variety of account types to its customers. The broker gives traders access to trading Forex, commodities, indices, cryptocurrencies, and shares as CFDs. The minimum initial deposit required to open a live account is only $10.
That being said, BDSwiss holds multiple regulatory licenses throughout the EU, including from Cyprus where it is authorized by the Cyprus Securities and Exchange Commission (CySEC). It is also regulated as a Tied Agent under its German entity, and is passported across the EU (and outside of the EU into Switzerland). The brand also holds an offshore regulatory license from the island nation of Mauritius. No, based on your detected country of NL, you can’t open an account with this broker. As depicted below, the parabolic SAR dots for Solana currently point toward $106, which is well above the current SOL price of $98.
BDSwiss Forex broker description
BDSwiss Trading Fees
This includes the fees that are incurred while executing trades. BDSwiss offers 4 active trading accounts namely Classic, Premium, VIP & Raw trading accounts. For a comprehensive review of the fee structure at BDSwiss, we have divided it into trading and non-trading fees. The incurred charges at BDSwiss differ for the account type chosen by the trader. A user-friendly online application processes new account openings per industry standard.
BDSwiss offers a desktop trading platform (MetaTrader 4 or MetaTrader 5). Mobile apps are very useful in emergency situations such as internet problems, power outages, PT breakdowns, etc. The mobile apps keep you in touch with the markets from anywhere in the world.
In addition, a VPS service is also provided by the broker which can ideal for remotely running automated trading systems around the clock. BDSwiss offers multiple local methods of funding and withdrawal for traders in South Africa. But it is important to note that like other brokers, the method you use to deposit should be the same method you use to withdraw.
What is the minimum deposit for BDSwiss?
For example, the FRA40 is an index that follows the top 40 French company stocks’ performance. When it comes to spreads, the Euro and US Dollar pair has the smallest spread. There are 51 Forex pairs offered by this broker and includes all majors, many minors, and some exotics. Major pairs are currencies from global economies such as Europe, the USA, Canada, Japan, New Zealand, Great Britain, Australia, and Switzerland. The second part is always one of the major currencies mentioned above.
These include CySEC in Europe, the FSC in the Seychelles, the FSA in Mauritius, and the NFA in the US. A couple of the key difference makers at BDSwiss starts with the regulatory oversight that they allow. They are excellent at prioritizing your safety and security as a trader. This is demonstrated by the excellent level of regulation they have in place all around the world from top-tier regulators. With these documents, you should fly through the BDSwiss verification process without any trouble, and to that end, your account will typically be open and ready to trade on the same day.
Deposit & Withdrawal Methods Review of BDSWISS
Anthony Gallagher is a financial journalist and forex expert with years of experience in the industry. Anthony’s writing is informed by personal trading experience, which he uses to help other forex traders improve their results. Anthony has tested dozens of forex trading tools and written hundreds of articles for many well-known sites in the industry.
BDSwiss is regulated by the Financial Services Authority of Seychelles (FSA). As this regulator is not very strict, it decreases the trustworthiness of the broker. As a global broker, BDSwiss is available https://forex-review.net/ in more than 180 countries, with only a few exceptions. The USA is among these exceptions with trading not available there, though BDSwiss does an excellent job of being available in other locations.
A reduction to an average of 1.1 pips in the VIP account is combined with up to 40% lower commissions on all indices and shares. This broker deploys a reasonable fee structure for index CFDs at $2 per lot, and a 0.15% charge per share applies to equity CFDs. BDSwiss is clearly one of the finer European binary options brokers and CFD/forex brokerages. It offers a wide range of tradable assets spanning currency pairs, commodities, indices and Treasuries. Since it is regulated by the Cyprus Securities and Exchange Commission, and is 100% web-based, there is plenty to be excited about with this brokerage.