All that you will really need to have at hand is a copy of your ID with a passport being the best choice, and a copy of a utility bill or bank statement that is within the last three months in order to prove your residence. BDSwiss is a top-ranked forex broker who has been around the industry for almost a decade. Founded in Switzerland in 2012, they have since grown around the world and now operate from a total of 10 locations around the world.
- The BDSwiss WebTrader Platform, was exclusively developed in house to better cater to the needs of our growing client base.
- 22 different languages are supported on the broker’s website, and 20 different languages are spoken by the support staff.
- All information on 55brokers.com is only published for general information purposes.
- I personally wouldn’t choose this platform over MT4 simply because I need to run automated trading systems.
- Webinars are free to non-clients and only require signup to participate.
The only account currencies available to traders at BDSWISS are USD, GBP, and EUR. BDSWISS clients are registered with the offshore BDS Markets organization, which offers little in the way of legal protection. The headquarters of BDSWISS are in Cyprus, Germany, the Philippines, and Seychelles. BDSWISS currently serves an exclusive Member club with more than 1.5 million traders in addition to more than 1.5 million registered customers from more than 186 countries. BDSWISS is a well-known financial organization that provides CFD and Forex investing services internationally. Through this evaluation of Tradingcritique.com, you will have gained a lot of knowledge about BDSWISS and will know whether BDSWISS is suitable for you.
He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. BDSwiss makes 4 live trading accounts available, Classic, VIP, and, Zero-Spread & Cent.
Advantages & Disadvantages of BDSWISS
All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management, which deserves good regard from us too. BDSwiss is an international Forex Broker and a brokerage firm established in 2012, which fastly approached Markets and became one of the largest trading groups, and now serves as one of the leaders. The current clients’ base of BDSwiss counts more than a 1.5 million registered clients from over 186 countries, as well as serving exclusive Member club that has more than 1.5 million traders. The minimum deposit at BDSwiss will vary depending on your chosen account type. ● By precisely synchronising leverage adjustments with market dynamics, traders can enhance their risk management strategies, aiming for better results. With Dynamic Leverage, traders can calculate margin requirements in real-time, aligning their positions with the ever-changing market conditions.
The brand also holds an offshore regulatory license from the island nation of Mauritius. No, based on your detected country of UA, you can’t open an account with this broker. An XRP break above the $0.6354 resistance level would support a move to the $0.65 handle. As background, former SEC Director of the Division of Corporation Finance William Hinman said that Bitcoin (BTC) and Ethereum (ETH) are not securities. Simpson Thacher is a law firm and part of a group that promotes Enterprise Ethereum.
- The first of which is its mobile trading app, MetaTrader 4, and the second is a mobile trading website that is compatible with Android and iOS smartphones and tablets.
- The USA is among these exceptions with trading not available there, though BDSwiss does an excellent job of being available in other locations.
- I opened an account with BDswiss to trade and Andreas was assigned as my account manager.
- The support centre is staffed around the clock and includes a help centre that features multiple quick reply answers relating to deposits and withdrawals, trading, troubleshooting and general account-related questions.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. However, as we always recommend check on the regulation carefully and never sign in with only offshore registered brokers (read more why avoid trading with offshore brokers). That being said, BDSwiss bdswiss forex broker review 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).
Trading platforms
CFDs, ETFs, stocks, indices, and cryptocurrencies are other available trading instruments. Clients of BDSWISS can trade using the well-known MetaTrader 4, and MetaTrader 5, as well as the broker’s trading platform, BDSWISS WebTrader. 22 different languages are supported on the broker’s website, and 20 different languages are spoken by the support staff.
Review of Types of Accounts available in BDSWISS
If you are a BDSwiss black account holder then you can request 1 on 1 coaching with a professional analyst. BDSwiss frequently update the market news and articles areas of their website which include detailed insights into different markets. These insights can be used to help keep up to date with the latest market happenings and to identify potential opportunities. Trading Talks is a 10-course recurring webinar, further aiding the education of new traders. The EUR/USD carries an average spread of 0.3 pips in the Raw account.
Moreover, the broker offers various account types with different conditions and offerings for all types of trading strategies. BDSwiss provides demo accounts to practice trading and swap-free Islamic accounts for Muslim traders. In addition, BDSwiss provides industry leading third-party research tools such as Trading Central and Autochartist. The broker also provides trading courses, webinars, and other high-quality educational content to help traders improve their trading skills. BDSwiss is a multi-regulated and award-winning broker that offers a wide selection of products for trading across several asset classes.
Trend Analysis
The classic account carries an averagespread of 1.5 pips, an unacceptable mark-up relative to the industry. 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. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
You can trade indices with more than 10+ of the world’s major stock indices are available, with competitive trading conditions. I really like this tool and think it is fantastic for tracking instruments for customised trading signals. I don’t always want to sit around watching charts and waiting for setups, so this saves valuable time. If you can also see the benefits, other broker including Tickmill also have it available for you use. MT4 is free to download for desktop and available as a mobile app on both Android and iOS.
CFDs stand for Contract For Difference, and traders exchange them to get short-term benefits. CFDs are not generally used for long-term investing, however, they are the primary choice for speculating on short and medium-term prices. What’s great about CFDs, is that traders do not own them, and therefore, trades can be placed in both long and short directions.
MT5 is the successor to MT4 and a more advanced version of the popular trading platform. Whilst I think that the overall interface and feel of the platform is very similar, there are a few extra features including more advanced trading tools and indicators to assist with your market analysis and trading. The broker’s most competitive offer is a unique approach across the brokerage industry, consisting of a competitive Raw account which can be accessed for a $5000 account balance. Corporate actions such as dividends and mergers will impact equity and index CFDs (though BDSwiss does not openly outline how corporate actions are processed). An inactivity fee of 10% of the account balance (which will range from €25 to €49.90 or account currency equivalent) will be charged after 90 days. Trading Central’s top array of market screening tools can help you make better decisions.