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The WikiFX Score of this broker is reduced because of too many complaints!

BDSWISS

Seychelles|10-15 years|
Regulated in Cyprus|Market Making(MM)|MT4/5 full license|Global Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|Offshore Regulatory|

https://www.bdswiss.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

BDSwiss-Demo01

Belgium
MT4
6

Influence

A

Influence index NO.1

Germany 7.06
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
BDSwiss-Demo01 MT4
Server Location Belgium

Influence

Influence

A

Influence index NO.1

Germany 7.06

Surpassed 29.69% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 2036705890
support@bdswiss.com
https://www.bdswiss.com/
6th Floor, Nexteracom Building, Ebene, Mauritius.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Warning

DE BaFin
2022-03-01

Contact number

English

+44 2036705890

English

+49 3021446991

English

+39 0689970124

English

+34 910756937

Broker Information

More

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WikiFX Risk Alerts 4
Previous Detection : 2024-03-19
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United StatesNFA (license number: 0486419) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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    BDSWISS · Company Summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    BDSWISS Review Summary in 10 Points
    Founded 2012
    Registered Country/Region Seychelles
    Regulation FSA (offshore)
    Market Instruments Forex, commodities, shares, indices and cryptocurrencies
    Demo Account Available
    Leverage 1:500
    EUR/USD Spread From 0.0 pips
    Trading Platforms MT4, MT5, BDSwiss Mobile APP, BDSwiss WebTrader
    Minimum deposit $10
    Customer Support 24/5 multilingual live chat, phone, email

    What is BDSWISS?

    BDSwiss is an offshore-regulated forex and CFD broker that was established in 2012 and is registered in Seychelles. The broker offers a range of trading instruments across multiple asset classes, including forex, commodities, shares, indices, and cryptocurrencies.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    BDSWISS' website

    Pros & Cons

    BDSWISS offers a wide range of trading instruments across multiple asset classes, making it a versatile platform for traders. The absence of deposit and withdrawal fees is a definite advantage for those who prioritize low-cost trading. Additionally, the broker's extensive educational resources can be beneficial for novice traders who want to improve their trading skills.

    However, some traders may find the offshore Seychelles Financial Services Authority (FSA) license to be a drawback. Overall, BDSWISS appears to be a reliable broker with several advantages for traders, but it's important to consider the potential drawbacks before deciding to trade with them.

    Pros Cons
    • Wide range of trading instruments across multiple asset classes • Offshore FSA license
    • Various account types to suit different trading needs • Negative reviews from their clients
    • Multiple trading platforms and tools • Overnight charges, currency conversion, and inactivity fee
    • No deposit and withdrawal fees
    • Rich educational resources for traders of all levels

    Note that this table is not exhaustive and there may be additional pros and cons to consider.

    BDSWISS Alternative Brokers

    There are many alternative brokers to BDSWISS depending on the specific needs and preferences of the trader. Some popular options include:

    FxPro - A reputable broker with a variety of trading platforms and competitive pricing.

    Trade Nation - A user-friendly broker with a focus on education and customer satisfaction.

    Go Markets - A reliable broker with competitive spreads and a range of trading instruments.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is BDSWISS Safe or Scam?

    Protection Measures Detail
    Regulation FSA (offshore)
    Segregated Accounts Separate from the company's operating funds, protecting clients' funds in case of bankruptcy
    Negative Balance Protection Ensuring that clients cannot lose more than their account balance
    SSL Encryption To protect its clients' personal and financial information during transmission
    Two-Factor Authentication As an extra layer of security to protect clients' accounts from unauthorized access
    Investor Compensation Fund Provides additional protection to clients in the event of BDSWISS's insolvency

    These measures help to ensure that BDSWISS provides a safe and secure trading environment for its clients.

    Our Conclusion on BDSWISS Reliability:

    Based on the information provided, BDSWISS appears to be a reliable and reputable online broker. It is offshore regulated by Seychelles Financial Services Authority (FSA), offers negative balance protection and segregates client funds. However, it is important to note that all trading carries risks, and clients should always do their own research and take appropriate precautions.

    Market Instruments

    BDSwiss offers 250+ trading instruments across various asset classes, providing traders with numerous options for diversification. Forex traders can access over 50 currency pairs, including major, minor, and exotic pairs. The platform also offers CFD trading on precious metals such as gold, silver, and platinum, as well as energy products like crude oil and natural gas. Additionally, traders can choose from a range of popular stock CFDs, including shares of leading companies in the US, Europe, and Asia. BDSwiss also provides access to a range of global stock indices, such as the S&P 500, FTSE 100, DAX 30, and Nikkei 225. Finally, the platform offers trading on popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

    Market Instruments

    Accounts

    Demo Account: BDSWISS provides a demo account that allows you to try out the financial markets without the risk of losing money.

    Live Account: BDSWISS offers a total of 3 account types: Classic, VIP, and Raw. The minimum deposit to open an account is $10, $500 and $500 respectively. The threshold to open an account at BDSWISS is quite low. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

    Account Types

    Leverage

    BDSWISS offers a maximum leverage of up to 1:500 for all account types, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

    Spreads & Commissions

    BDSwiss offers variable spreads and commissions based on the type of trading account. Classic accounts have a minimum spread of 1.5 pips with no commission, while VIP accounts have a lower minimum spread of 1.1 pips and are also commission-free. Raw accounts, on the other hand, offer raw spreads starting from 0.0 pips but have to pay a commission of $5 per traded lot. Overall, BDSwiss' spreads and commissions are competitive compared to other brokers in the market. It's essential to note that spreads can fluctuate depending on market volatility, trading volumes, and other market conditions.

    Spreads & Commissions

    It is commendable that in the trading instruments interface, BDSWISS provides a detailed table showing the spreads, swaps, commissions and pip value of various instruments in various accounts in detail, which greatly facilitates customers' inquiries and comparisons.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commissions
    BDSWISS 1.5 pips Free
    FxPro 1.4 pips Free
    Trade Nation 0.6 pips Free
    GO Markets 0.5 pips Free

    Note: Spreads can vary depending on market conditions and volatility.

    Trading Platforms

    As for the trading platform, BDSWISS provides its clients with many options. There are public platforms such as MT4 and MT5 that have served many clients worldwide, also BDSWISS's own platforms - BDSwiss Mobile APP, BDSwiss WebTrader. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT5 and MT4. But BDSWISS's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.

    MT4 and MT5
    Mobile App
    WebTrader

    Overall, BDSWISS' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

    Broker Trading Platform
    BDSWISS MetaTrader 4, MetaTrader 5, BDSWISS WebTrader, BDSWISS Mobile App
    FxPro MetaTrader 4, MetaTrader 5, FxPro cTrader, FxPro Edge
    Trade Nation Proprietary Trading Platform
    Go Markets MetaTrader 4, MetaTrader 5, Go Trader, WebTrader

    Note: It's worth mentioning that brokers may offer additional trading platforms or withdraw some trading platforms over time.

    Trading Tools

    BDSWISS provides a range of trading tools to help its clients in their trading activities.

    The economic calendar allows traders to keep track of important upcoming events that can affect the markets.

    The VPS service provides fast and reliable connection to BDSWISS servers for traders who use automated trading strategies.

    The Trade Companion is a trading assistant that provides users with insights and trading signals.

    The Trends Analysis tool helps traders to identify trends and make better trading decisions.

    Trading Central provides technical analysis and market insights.

    The Autochartist tool analyzes charts and helps traders to identify trading opportunities.

    Trading Alerts notify users of important market events.

    The Currency Heatmap tool allows traders to see the relative strength of different currencies.

    Finally, the Trading Calculators help traders to manage their risk and calculate their potential profits and losses.

    Deposits & Withdrawals

    BDSWISS offers a wide range of deposit and withdrawal options, including Visa, MasterCard, Skrill, Neteller, Bank Wire, Pay Retailers, cryptocurrencies, AstroPay, Globepay, MPESA, airtel tiGo, korapay, and more.

    Deposits
    Deposits
    Deposits

    The broker does not charge any fees for deposits or withdrawals via credit card, while for bank wire withdrawals equal to or less than €100, BDSwiss will charge a €10 flat fee.

    BDSWISS minimum deposit vs other brokers

    BDSWISS Most other
    Minimum Deposit $10 $100

    Most deposits are processed instantly. For withdrawals, BDSWISS strives to process most requests within 24 hours, although the processing time may vary depending on the payment method used and the verification requirements. Overall, BDSWISS offers convenient and cost-effective deposit and withdrawal options for its clients.

    Withdrawals
    Withdrawals
    Withdrawals

    BDSWISS Money Withdrawal

    To withdraw funds from BDSWISS, you need to follow these steps:

    Step 1: Log in to your BDSWISS account

    Step 2: Click on the “Withdrawal” option in the main menu.

    Step 3: Select your preferred withdrawal method from the available options.

    Step 4: Enter the amount you want to withdraw and provide any additional information requested.

    Step 5: Click on the “Submit” button to process the withdrawal request.

    Fees

    BDSWISS charges overnight fees on all positions that are held open overnight, and the rates depend on the instrument being traded. The broker also charges a currency conversion fee for deposits made in a currency different from the account currency. Moreover, if no trading activity occurs for over 90 days, a monthly fee of $30 will be deducted from your account balance, until the account balance is 0. This charges covers the maintenance/administration expenses of such inactive accounts. It is important for traders to keep these fees in mind when planning their trading activities, as they can impact the overall profitability of their trades.

    Fees

    See the fee comparison table below:

    Broker Deposit Fee Withdrawal Fee Inactivity Fee
    BDSWISS None None Yes, after 90 days
    FxPro None None None
    Trade Nation None None None
    Go Markets None None Yes, after 6 months

    Customer Service

      Below are the details about the customer service.

      • Languages: English, polish, German, Italian, French, Arabic, Thai, Filipino, Chinese, Indonesian, Portuguese, Romanian, Russian, Turkish, Danish, Norwegian, Korean, Czech, Malay, Vietnamese, etcetera.

      • Service Hours: 24/5 multilingual live chat

      • Phone Number: +44 2036705890

      • Email: support@global.bdswiss.com

      • Social media: Facebook, Instagram, LinkedIn, YouTube, Twitter, Telegram

      • Address: Suite 3, Global Village, Jivans Complex, Mont Fleuri, Mahe, Seychelles.

      • Help/Support Centre are also available.

    Help/Support Centre
    phone
    email
    online messaging
    socil medias
    Pros Cons
    • 24/5 Multilingual customer support available • No 24/7 customer support
    • Live chat, phone, and email support
    • Personal account manager for VIP accounts
    • Help/Support Centre available on the website

    Note: These pros and cons are based on our research and analysis of BDSWISS' customer service. Your personal experience may vary.

    Overall, BDSWISS' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

    Education

    BDSWISS provides a range of educational resources to assist traders in improving their trading knowledge and skills. They offer a variety of educational materials, including Forex eBooks, LIVE Education, Forex Basic Lessons, Forex Glossary, Educational Videos, and Seminars.

    Their Forex eBooks cover various topics, such as trading psychology, technical analysis, and risk management, to help traders develop a well-rounded understanding of the Forex market.

    They also provide live education through webinars, which are hosted by industry experts, and interactive training sessions.

    The Forex Basic Lessons are designed to help beginner traders learn the basics of Forex trading.

    Additionally, they offer educational videos that cover different aspects of trading, and traders can attend in-person seminars held in different locations globally.

    Education

    User Exposure on WikiFX

    On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    All in all, BDSWISS offers a diverse range of trading instruments with competitive spreads and commissions on different account types. The broker provides a variety of deposit and withdrawal options with no fees charged, and fast processing times. BDSWISS also offers various educational resources and trading tools to enhance clients trading experience. However, is offshore regulated by Seychelles Financial Services Authority (FSA) and there are some negative reviews from their clients saying that they have met severe slippage and unable to withdraw. Every trader should be cautious before trading or investing with a broker.

    Frequently Asked Questions (FAQs)

    Q 1: Is BDSWISS regulated?
    A 1: No. The Seychelles Financial Services Authority (FSA) license BDSWISS holds is offshore.
    Q 2: Does BDSWISS offer demo accounts?
    A 2: Yes.
    Q 3: Does BDSWISS offer the industry-standard MT4 & MT5?
    A 3: Yes. It supports MT4, MT5, BDSwiss Mobile APP, and BDSwiss WebTrader.
    Q 4: What is the minimum deposit for BDSWISS?
    A 4: The minimum initial deposit to open an account is only $10.
    Q 5: Is BDSWISS a good broker for beginners?
    A 5: Yes. It is a good choice for beginners because it offers demo MT4 and MT5 accounts that allow traders to practice trading without risking any real money, and it also offers rich educational resources. However, their FSA license seems to be offshore, take care!

    News

    BDSwiss Fined €100K by CySEC

    NewsBDSwiss Fined €100K by CySEC

    2023-07-31 17:05

    Recent regulatory actions by the CySEC have resulted in an administrative fine of €100,000 imposed on BDSwiss Holding Ltd, shedding light on the company's non-compliance with mandatory requirements and its association with offshore entities, while offering investment services in CFDs.

    WikiFX
    2023-07-31 17:05
    News
    BDSwiss Fined €100K by CySEC
    BDSwiss Crowned Best IB/Affiliate Programme Provider

    NewsBDSwiss Crowned Best IB/Affiliate Programme Provider

    2023-07-24 17:01

    BDSwiss, a leading financial services group specializing in regulated CFD trading and investment products, garners recognition and prestigious awards for its exceptional Partnership Programme, solidifying its position as a global leader in the Forex and CFD industry.

    WikiFX
    2023-07-24 17:01
    News
    BDSwiss Crowned Best IB/Affiliate Programme Provider
    WIKIFX REPORT: US-Russia Trade War: Market Impact and Possible Outcomes

    NewsWIKIFX REPORT: US-Russia Trade War: Market Impact and Possible Outcomes

    2022-09-06 19:16

    The Russia-Ukraine conflict has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy. As Russia continues to wage war on neighbouring Ukraine, there’s a second war front that’s been wreaking havoc on the markets and will probably continue to do so even after the much-anticipated end of the war in Ukraine. The financial war unravels on a global scale and involves hefty tariffs, import and travel bans, and asset seizures between the West and Russia.

    WikiFX
    2022-09-06 19:16
    News
    WIKIFX REPORT: US-Russia Trade War: Market Impact and Possible Outcomes
    What significant role does WikiFX scoring criteria play?

    NewsWhat significant role does WikiFX scoring criteria play?

    2022-08-25 18:01

    The WikiFX scoring criteria gives you a direct visual method to justify whether a broker you are looking at is good or not. In today’s article, we will explore the importance of the WikiFX scoring criteria.

    WikiFX
    2022-08-25 18:01
    News
    What significant role does WikiFX scoring criteria play?

    User Reviews

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    9

    Comments

    Write a review

    Godiva
    more than one year
    Just wanted to say, based on my experience of less than a year, it's generally a good broker (though I haven't made any withdrawals yet). What initially attracted me was their free $30 registration bonus. The only reason I'm giving them this rating is because of the spread issue. I tried switching from a standard account (claiming 1 pip) to a super-low account (claiming 0.6 pips), but found that for the same asset, the spreads were exactly the same. To add insult to injury, the lowest spread I could get on EUR/USD was 1.8 pips, which might not be an issue if you're not into scalping, but I am.
    2024-03-08 13:58
    Reply
    0
    0
    Hearst
    more than one year
    I've been using it for about 10 days now, and I haven't encountered any issues. They're very good with deposits and withdrawals. They try their best to assist with everything. I hope it continues this way.
    2024-03-08 13:56
    Reply
    0
    0
    Coelho
    6-12months
    Muito fácil de depositar mas impossível sacar! Cuidado! Muito cuidado ao abrir uma conta nessa corretora!
    2023-06-21 07:42
    Reply
    0
    0
    誓约
    more than one year
    Excellent broker, fast withdrawal and low spreads. Currently, I use this broker for the 9th month and still no issues. Their customer support is friendly and fast. I will introduce my friends to use BDSWISS.
    2023-02-14 17:18
    Reply
    0
    0
    Tracy94203
    more than one year
    This broker doesn’t disclose its trading fees on its products and services at all. I don’t know what kind of trading platform it provides, MT4 or MT5, or any other trading platforms… its minimum deposit, spreads and commissions all remains unknown… I would never choose this platform. Could someone give me some advice?
    2022-11-18 14:13
    Reply
    0
    0
    Tracy94203
    more than one year
    BDSWISS is famous for its minimum deposit, as low as $10, and high leverage up to 1:1000, which, I guess, an ideal choice for professional traders and scalpers… I once opened an account on this platform, and I was shocked by their support services as they fixed my account’ issue within 5 minutes. Thank them for their time and honestly solving the problem.
    2022-11-18 14:05
    Reply
    0
    0
    FX1013773968
    more than one year
    Actually my experience with xxx has been good. I was able to withdraw with ease and there are no weird fees. But why are there many complaints on wikifx? Can someone tell me the truth? I am ready to close all my positions and withdraw my balance. I hope they don't scam me.
    2022-11-16 18:34
    Reply
    0
    0
    AA来一锅
    more than one year
    Withdrawal is too slow!!! just like a snail! I cant understand why withdrawal processing requires so much time, or this broker just doesnt willing to pay me? Quick! quick! quick! My patience is running out...
    2022-11-16 15:58
    Reply
    0
    0
    dtoan
    more than one year
    experiencing
    2022-11-08 19:15
    Reply
    0
    0
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