Written by Julia Shuvalova, freelance journalist and translator, on behalf of BDSwiss.
BDSwiss, an online trading platform, has been operating since 2012. It has gained the reputation of a reliable broker and presently offers its services to over 180 countries globally.
Given that BDSwiss is not the only player on the market, is it really worth choosing it for your financial operations?
BDSwiss in brief
This international trading platform was founded in Zurich, Switzerland. It belongs to a Cyprus-based BDSwiss Holding Ltd and is regulated by Cyprus Securities and Exchange Commission. It also holds international licenses from FSC and NFA.
It operates in most countries, except Cyprus, Sudan, North Korea, and a few others. The platform acts as a regular sponsor of the World Tour Championship, MercedesCup, and other global events.
The benefits of BDSwiss trading platform
Below we listed the principal factors in BDSwiss favour that professionals recommend to bear in mind, when choosing a trading broker.
A Variety of Trading Methods
With BDSwiss, it is possible to trade via a site, a mobile app, or a web platform. The broker currently uses MetaTrader 4 and 5, which are recognised as the new generation platforms. In addition to being popular and reliable, MetaTrader is acknowledged for its exceptional flexibility and wider opportunities for market analysis.
Stock Market Quotes Providers
BDSwiss use Investing.com as the principal market quote provider. However, they protect their professional status and do not rely on a single source. Additional quote providers include Forbes, DMAX, Welt, and others. A weighted quote sets the broker apart from many competitors.
A demo account with $10 000 Deposit
BDSwiss protects its integrity by having fairly tough entry conditions, which we shall mention later on. However, the platform allows the users to have a free go at it by opening a demo account with $10 000 of virtual money.
A variety of financial instruments
First and foremost, BDSwiss offers trading stocks from leading Australian and U.S. joint-stock companies. Next come over 40 currency pairs and indexes, commodities like precious metals, oil, coffee, etc. Cryptocurrency trading is also available, including Bitcoin and Ethereum.
How to work with BDSwiss broker
To enroll on the platform, you first need to create an account. To start trading, you will only need to input your full name and date of birth, a country of residence and a phone number, and agree to the T&C’s and different regulations concerning your personal data.
Please note that you will be the only person who will be able to deposit the money into your account. And when you decide to withdraw the money, you will have to provide a copy of your identity and an invoice confirming your place of residence.
Account types available
The following account types may be created with BDSwiss: Basic, VIP, and Raw. The table below illuminates the difference between the three.
The principal difference between Basic and advanced accounts is the amount of minimal deposit and the availability of trading support. The main trading currencies are USD, EUR, and GBP.
Depositing and withdrawing money
There are many means to replenish the account and to withdraw money. These include:
bank transfer; PayPal; card (Visa, Maestro, Mastercard); European payment methods (sofort; ideal; dotpay; giropay); electronic wallets (Skrill, Neteller).
The same can be used to cash out the money. The key difference is the time it takes to process the payment. While deposits are credited instantly, the withdrawals take about 24 hours to be processed. They must be credited to the same account where the deposit was made from.
Customer support
BDSwiss duly takes pride in its round-the-clock customer support in over 20 languages. Clients can contact the support via the site, by phone or email.
Conclusion
BDSwiss is an online broker with a focus on Forex, CFD, and binary options trading. It has been on the market for 10 years and is classified as a recommended broker. It has won awards and gained an excellent reputation in the industry.
