BDSwiss Review
BDSwiss are a popular broker. In our review we explore the trading platform, highlight the benefits of the demo account and explain why this brand can be used with confidence.
The review also includes bonus and promo codes when available, and coverage of minimum deposit and withdrawal features, mobile app review, MT4 integration and login information. Read on the find out more.
In light of the ESMA ban on binary options in the EU, BDSwiss have decided to withdraw binaries completely. They continue to offer forex and CFD trading.
Key Information:
Minimum Deposit: £10
Signals: Yes – Free Trading Alerts
Demo Account: Yes.
Trading Platform
A BDSwiss bespoke platform delivers FX/CFD. It also has a free demo account separate to other accounts. For the demo account, you need to register and contact your account manager in order to have demo funds aded. The image below shows the BDSwiss platform and the steps to making a trade;
How To Place A Trade At BDSwiss
- Choose your asset or market
- Choose a trade size and leverage figure you are comfortable with
- Choose the direction of the price (“Buy” if you think prices will rise, “Sell” if you think they will fall.)
Charts
The trading charts on the platform use Line or Candlestick format. You may also choose among the following timestamp timeframes: 1, 5, 15, 30, 60 minutes and 4 hours, Daily, Weekly and Monthly.
A number of indicators that can be directly inserted to your charts are:
- Moving Averages
- RSI
- Bollinger Bands
- ATR
- MACD
- Fibonacci Retracements.
The platform for the Forex trading however is different and is much more advanced. You could compare it to MetaTrader 4 with loads of indicators, technical tools and many more settings.
Trade Types
BDSwiss offer trading on a range of asset. The trade types can be broken down into:
- Forex
- Cryptocurrencies
- CFDs
Trading Software and Features
BDSwiss Payouts
Payouts will vary based on the performance of the underlying asset, and the leverage used (if any).
Asset Index
The list of assets with BDSwiss has been expanded significantly since the move to Forex and CFDs only. There is a full range of major currencies and commodities, plus the popular cryptos. BDSwiss does lag behind some larger rivals when it comes to asset list depth, but it is still growing.
Customer Support
Live chat is available in English, German and Italian. In order to access Live chat, you need an email address and a username. Support is also available via email, and telephone. 16 languages are catered for with telephone support – a great level of coverage.
Free Signals
BDSwiss offer clients free trading alerts. In addition to the trade directions, the signals also state a target entry point, and exit point. This helps traders time the market more accurately, and also show quickly if the signal has already moved. The trading alerts are a free service.
Terms & Conditions
Our usual advice applies – read the terms and conditions thoroughly. We found a couple of items to highlight:
- Inactive account fees are applied after 90 days of inactivity. If you remain inactive after 90 days, a 10% fee will be deducted from your account ranging from minimum 25 Euros but NOT more than 49.90 Euros.
- Small withdrawals can incur a €10 fee depending on the method used. As these charges are only based on small amounts, using methods that are expensive for the brand to use, making a small charge is fair – but worth knowing about.
Deposit / Withdrawal
BDSwiss recently expanded their list of deposit and withdrawal methods. Their aim was to allow more users to be able to transfer money using the most familiar service to them. The main options of wire transfer, credit and debit cards, and ewallet providers deliver a good choice of payment method.