BDSwiss is an online broker for trading currencies and other CFDs. With over 700,000 active customers there is no doubt that they are one of the biggest companies in the business. Due to their large amount of CFDs you get to access more or less every market in the world, including commodities, cryptocurrencies, and stocks.
BDSwiss is completely regulated and is allowed to offer financial services in most of Europe and other regions of the world. The question is if they’re good enough for us. Keep reading to find out.
A BDSwiss trading account comes with two different platforms and all the latest tools you need to invest in some of the world’s most popular and lucrative markets.Create an account at BDSwiss
Is BDSwiss a Scam?
No, BDSwiss is not a scam but a very serious and trustworthy company. The company behind BDSwiss has proven themselves twice, first as one of the leading binary options brokers on the market, and lately as one of the leading forex and CFD brokers. We used BDSwiss when they were only offering binary options and really liked it, but we have heard from several sources that their services are even better these days. We’re not sure if this is because of the stricter regulations and guidelines they follow, or if they have just decided to become more serious, but the truth is that it doesn’t really matter.
All you need to know is that BDSwiss is a broker that can be trusted. In fact, we struggle to find negative comments and reviews about them online, which is very rare for brokers providing CFD trading.
Note that BDSwiss no longer offers binary options in any shape or form. This is due to the fact that they’ve changed their focus but also because the ESMA (European Securities Markets Authority) has banned it.
BDSwiss Trading Platform
BDSwiss platforms are divided into two systems. They have one platform called the WebTrader, which is their “original” platform. Since they started offering forex trading and CFDs, they have also integrated the MetaTrader 4 as a part of their offer.
In fact, MetaTrader 4 is so popular that all serious traders will encounter it at some point, especially forex traders.
MT4 comes in two different versions. WebTrader is a web-based platform that doesn’t require download and MetaTrader 4 is a desktop super-platform with all the tools and features you need to trade currencies and CFDs.
BDSwiss On You Mobile Device
BDSwiss developers have put a lot of time and effort into making sure that all their products are available on the ever-growing mobile trading market. Today, both of their platforms are available on most mobile devices.
If you want to trade currency pairs and CFDs, you will have to download the mobile version of MetaTrader 4 to Android or iOS from the relevant app store.
Both solutions are practical and have been developed in order to offer a smooth and simple trading experience on mobile devices. Just don’t forget that mobile day trading is still quite limited compared to trading on a computer. Because of this, you can’t expect to gain access to all the same features you would have on your laptop on your smartphone or tablet. In most cases, you can perform easier trades and simple analytic work.
Open An Account With BDSwiss
BDSwiss is using a simple account system that lets you trade CFDs and and forex under the same roof. The BDSwiss trading account is called All-in-one. It is available for all markets, however, they also offer a premium account for everyone who is prepared to spend a little extra.
Additionally, BDSwiss also provides their customers with a demo account.
BDSwiss Financial Instruments
We’ve already mentioned that BDSwiss is a broker for currencies and an array of CFDs. But what exactly do they offer? What markets can you trade on with BDSwiss?
Below you’ll find an overview of BDSwiss available assets.
- Forex – BDSwiss offers 33 currency pairs based on the most popular currencies in the world, including USD, EUR, GBP, NZD, CAD, etc.
- CFDs – You have many options to trade CFDs with BDSwiss. From what we could see on their website it seems like they offer CFDs on 17 commodities, 44 indices, 26 currency pairs, and a whopping 111 of the world’s most successful stocks. However, their selection is regularly updated and these numbers might change.
- Cryptocurrencies – BDSwiss recently started providing cryptocurrencies giving you the option of trading Bitcoin, Ethereum, and Litecoin against the EUR.
Today, BDSwiss provides a total of 250+ assets in several different markets, and even though we have seen much higher numbers from other brokers, we can assure you that there is something here for everyone. If you want a bigger selection of assets, we can recommend Markets.com, who at the moment offers more than 2,000 underlying assets to trade with.
BDSwiss License and Regulation
BDSwiss is owned and operated by BDSwiss Holdings PLC, and they are authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 199/13 and registration no. HE 300153.
They are also authorized and regulated by the Mauritius Financial Services and Commission (FCA) with license number C116016172.
BDSwiss Payment Options
BDSwiss has decided to offer some of the leading and most popular payment options for deposits and withdrawals. However, to accommodate even more customers, they also offer some smaller local payment methods.
You can use the following options to deposit money into your trading account:
- Credit and debit card – Visa and Mastercard
- Bank Transfer – From your bank to your trading account
- Skrill – One of the leading digital payment services after PayPal
- Neteller – One of the biggest payment services online
- Sofort – A payment method that is run by the Swedish company Klarna
- GiroPay – A German payment service online
BDSwiss Customer Service
The BDSwiss customer service is available in several different languages by email or phone. Unfortunately, they don’t offer a live chat feature which we think is shameful, especially in 2017. If you want to contact BDSwiss it’s best done by email: [email protected], a contact form on their website, or through one of their regional phone numbers.