BDSwiss- A Complete Foreign Exchange Brokerage Firm Review

BDSwiss- A Complete Foreign Exchange Brokerage Firm Review

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BDSwiss is a financial brokerage firm located in Switzerland. It was founded back in 2012 with its main office located in Zurich.  Its operations are closely monitored by different financial authorities including the Financial Services Commission, Mauritius Financial Services Commission, and the National Futures Association in the United States. 

Registration with BDSwiss gives clients the opportunity to trade through contracts for difference in over 250 asset classes. More so, a wide selection of account types, optimum platforms, and authoritative educational materials are made available for users. These impressive offers are mainly the reasons why BDSwiss registered a total of 16,000 affiliate accounts. More so, €20 billion worth of trade volume every month made BDSwiss one of the popular providers of financial solutions in the market. 

BDSwiss- A Complete Foreign Exchange Brokerage Firm Review

BDSwiss Account Types  

BDSwiss provides decent options when it comes to account selection. By providing three accounts, clients are able to pick the most ideal account that suits their preferences and trading structure.  

Classic Account-For a minimum deposit of $100, clients are given a minimum spread of 1.5 and a commission-free trading. Additional features include 24/5 support, regular analysis, trading academy, webinars and forum, basic access to Autochartist, and limited access to trading signals and indicators. 

VIP Account- Clients are required to deposit $3,000 to avail the VIP account. For such amounts, the spread is set to as low as 1.1 and grants commission-free trading. With this account, a larger margin of profitability is ensured since it offers $0 commission in indices, priority services, daily chart analysis, account manager, access to premium trading webinars, Autochartist, and notifications via Telegram. 

Raw Account- With this type of account, clients may trade using 0.0 spread with $5 commission. For a minimum deposit of $5000, clients may enjoy features similar to the VIP account. The only difference this account makes is its higher commission rate on indices and foreign exchange. 

Conditions

One important thing that clients must take into consideration before opening an account is its conditions. Prior to registration, interested parties will have to choose between the Swiss site and the European site. As the European site is monitored by tighter securities, it has controlled leverages. This brings larger leverage on the Swiss platform, making it more advantageous  for clients. However, both sites do not offer discounts for massive trades, giving traders a strict trading structure.  While this may restrict users, their wide variety of tradable asset classes put both sites at equal levels. 

Another condition that may come as a setback is its set prerequisites. To open a demo account, one needs to open a live account first. The main purpose of the demo account is for clients to check the system’s overall usability. With the condition imposed by BDSwiss, the objective of demo accounts becomes senseless. 

BDSwiss- A Complete Foreign Exchange Brokerage Firm Review

Salient Features and Services

  • Mobile Application-The Swiss and the EU versions both offer ready-to-download mobile applications. These two may be installed in various operating systems including Android and iOS. One can simply get the application from Apple Store or Google Play. This came to be an advantageous offer since it lets users place trades using their own smartphones. What’s more interesting is all asset classes are available on the BDSwiss mobile version. 
  • Intensive Trading Education- Another commendable feature that BDSwiss offers are its interactive seminars. With this, clients are equipped with technical know-hows and other fundamentals about trading. With the provision of such, this broker deserves a sound subscription. 
  • Tight Level of Security- The system uses high level of encryption to secure accounts. This safeguards clients’ funds from potential hacks and ensures that all transactions are devoid of financial discrepancies. In addition to this, neither external entities nor third parties can access the client’s financial data, providing a tight level of security for users. 

Conclusion

BDSwiss is consistent in impressing its clients through large selection of equities and commodities at its disposal. Its constant expansion provides an avenue for traders as it offers largr selection of cross-asset classes. For retail traders who might want to use larger leverage rates, they won’t be disappointed as the Swiss version offers excellent conditions in terms of margins. Moreover, the Swiss version is more generous than those brokers regulated by the ESMA policies. 

Similarly, its platforms are integrated with client-centered considerations to enhance user satisfaction. With ease of use, convenience, and security as the primary objectives, BDSwiss is able to deliver a revolutionary system that passes industry-standard requirements.