BDSwiss Broker Review

Author By Jeffrey Cammack
Updated: April 26, 2021
Overall Rating
4.32 4.32 / 5
Rated #9 of 50 Recommended Brokers
Min. Deposit
USD 100
Regulators
Trading Desk
Trading Cost
USD 15
Website Language
Arabic, Thai, Malay, Vietnamese, English, Hindi, Portuguese, Indonesian
Support Language
Arabic, Thai, Malay, Vietnamese, English, Hindi, Portuguese
AlertAccepts Malaysian Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4 & MT5 platforms supported. BDSwiss is regulated by CySEC, FSC, and the FSA-Seychelles.

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Summary

Founded in 2012, BDSwiss is a responsible and well-regulated broker with a local office in Kuala Lumpur, a Malay website, and a large following of Malaysian traders. BDSwiss’s entry-level account offers relatively poor trading conditions compared to other market makers/STPs, with average spreads as wide as 1.5 pips (EUR/USD); but makes up for it with competitive trading costs on the VIP and Raw accounts, down to 0.3 pips on the EUR/USD.

With full support for both the MT4 and MT5 platforms, traders can access various trading tools, including Autochartist and built-in trend analysis tools.  Furthermore, its award-winning educational and analytical materials cater to traders of all experience levels, and Islamic accounts are available on all accounts except the Raw Account.  Overall, BDSwiss is a good choice for all traders.

Reviews

Regulation
1110.503.5/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
111115/ 5
Education & Research
111115/ 5
Assets Available
111104/ 5
Customer Service
11110.54.5/ 5
Beginner Friendly
Excellent
Bonuses

Account Information

Base Currencies
EUR, USD, GBP, PLN, DKK, SEK, NOK, CHF
Number of FX Pairs
50+
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
1.40 pips
Commission
Fees Included in Spread
EUR/USD
1.4 pips
GBP/USD
1.6 pips
USD/JPY
1.5 pips
Max. Leverage
400:1

Company Details

Company Name
BDS Markets
Founded
2012
Office Locations
Cyprus, Mauritius

Pros

  • Tight spreads
  • Good for beginners
  • Wide range of assets

Cons

  • Expensive withdrawals

Is BDSwiss Safe?

BDSwiss was founded in 2012 and is headquartered in Switzerland.  It is well-regulated by many top-tier authorities, including CySEC, the Mauritius Financial Securities Commission (FSC), the Federal Financial Supervisory Authority (BaFin) of Germany, the Financial Services Authority (FSA) of Seychelles, and is registered with the USA National Futures Association.  See below for more details:

  • BDSwiss has been regulated by CySEC (license 199/13) since 2013
  • BDSwiss LLC is authorised and registered with the USA National Futures Association NFA (ID: 0486419)
  • BDS Markets is authorised and regulated as an Investment Dealer by the Mauritius FSC on 06/12/2016 (License No. C116016172)
  • BDSwiss GmbH (Registration No. HRB 160749B) is the BaFin-registered Tied Agent of BDSwiss Holding Ltd in Germany.
  • BDS Ltd is authorized and regulated by the Financial Services Authority (FSA) Seychelles under license number SD047.

Malaysian clients will be trading under the BDS Ltd subsidiary, authorized and regulated by the Financial Services Authority (FSA) Seychelles.  All client funds are placed in segregated tier one bank accounts and are offered negative balance protection.  If a client falls into a negative trading balance, BDSwiss will adjust the total negative amount so that the client does not suffer any loss.

In terms of industry recognition, BDSwiss’ recent improvements in trading conditions have paid off, winning the Best Trading Conditions 2019 and Best Trading Conditions 2020 awards from World Finance and Best FX & CFD Provider 2020 at the International Investor Awards.  These awards are in addition to the Best Trade Execution 2019 (Global Forex Awards) and Best Trading App 2019 (Mobile Star Awards).

Our sister site, FXScouts, also awarded BDSwiss the award for Best Market Research Provider 2020, citing BDSwiss’s “exceptionally detailed and thoughtful market analysis for traders of all experience levels.”

On this basis, we deem BDSwiss a trustworthy and safe broker. 

Trading Conditions

Although it is a market maker, BDSwiss offers its clients direct liquidity, routing all client orders directly to top global banks and exchanges so that they benefit from direct market prices and the best possible trading conditions.

BDSwiss Group has undertaken several initiatives aimed at improving trading conditions for its clients: It launched the BDSwiss Raw Account, which gives traders access to deeper liquidity and lower spreads that reduce trading costs, added support for MetaTrader 5, refined the client dashboard, and added more servers to accommodate its growing client base.

BDSwiss Execution Speed

BDSwiss publishes all its execution data, showing that 97.5% of trades are executed in less than 0.2 seconds (with an average speed of 0.01 seconds) with no requotes of rejections.

Trading is offered on multiple assets, including forex, commodities, shares, indices, and cryptocurrencies.  Offering three live accounts denominated in three different currencies, including EUR, GBP, and USD, clients have access to leverage of up to 400:1.  The lowest minimum deposit is 100 USD, and minimum trade sizes start at 0.01 lots.  Spreads are tight on its VIP and Raw accounts, but are significantly wider on its Classic Account, starting at 1.50 pips (EUR/USD).  BDSwiss allows all trading strategies, including hedging, scalping, and copy trading, and Malaysians will also be pleased to note that BDSwiss offers Islamic swap-free accounts. 

Account Types

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Classic
USD 100
500:1
1.50
None
Account Details
VIP
USD 3000
500:1
1.10
None
Account Details
Raw
USD 5000
500:1
0.0
None
Account Details

BDSwiss offers Demo, Classic, VIP, and Raw Accounts. Islamic Accounts are available on the Classic and VIP accounts, but not on the Raw Account. All account-holders can access basic education material and can make use of trading tools such as Autochartist and various trend analysis tools. 

Demo Account

The demo account is a USD 10,000 live market playground to practice trading and analysis.  The demo account never expires, allowing traders to make a full evaluation of BDSwiss and its trading platforms.

bdswiss-account-types

Classic Account

The minimum deposit on the commission-free Classic Account is 100 USD, with variable spreads starting at 1.50 pips on the EUR/USD (which is wider than the industry average).  Traders have access to Autochartist, the trading academy, live webinars, and limited access to built-in trends analysis tools. 

VIP Account

The minimum deposit on the VIP Account is 3,000 USD, and spreads are tighter, starting at 1.1 pips on the EUR/USD. In addition to the tighter spreads, the VIP Account comes with access to several trading and educational tools, including AutoChartist, a personal account manager, and VIP access to built-in trend analysis tools. 

Raw Account

The RAW Account is a professional account offering raw spreads in exchange for a higher minimum deposit of 5000 USD. Spreads are down to 0 pips on major pairs at times, though they average at 0.3 pips on the EUR/USD.  A reasonable commission of 5 USD/lot round turn is charged on Forex pairs.  Because of the nature of this account, an Islamic (swap-free) option is not available.

bdswiss-account-spreads

Spreads and Commissions

Spreads at BDSwiss are derived from the broker’s liquidity partners, so they are variable and generally low, but not on the Classic Account. EUR/USD spreads average at 1.50 pips on the Classic Account, 1.1 pips on the VIP Account, and 0.3 pips on the Raw Account. The Raw Account also has a 5 USD round turn commission per lot traded.

Deposit & Withdrawal fees

In line with Anti-Money Laundering policies, deposits and withdrawals at BDSwiss cannot be made to/from third-party accounts.  BDSwiss does not charge for making deposits to a live trading account, and its charges for withdrawals are as follows:

  • A fixed fee of 10 EUR (or equivalent) for bank wire withdrawals below 100 EUR (or equivalent)
  • For international payments, the minimum withdrawal amount is 50 EUR (or equivalent) after the deduction of fees. For amounts that remain below the required 50 EUR, an alternative withdrawal method can be used.
  • For Single Euro Payments Area bank transfers a minimum amount of 5 EUR (or equivalent) after deduction of the fees.
  • For all other withdrawals amounting to 20 EUR or less, BDSwiss reserves the right to charge a fixed withdrawal fee of 10 EUR (or equivalent).

A monthly fee of 10% is charged to all accounts with no trading for over 90 days, with the minimum amount charged being 25 EUR or trading account currency equivalent, and the maximum amount charged being 49,90 EUR until the account balance is 0 EUR. These charges cover the maintenance/administration expenses of Inactive Accounts.

BDSwiss for Beginners

BDSwiss offers excellent educational material for beginner and intermediate-experience traders, including structured training courses, daily webinars, and frequent live seminars held at its local office in Kuala Lumpur.

Market analysis is also excellent and detailed, with market news and insightful daily analysis offered by the BDSwiss team.

Educational Material

BDSwiss offers a comprehensive Trading Academy for those looking for structured courses; the Trading Academy is split into beginner, intermediate and advanced sections, though in truth, the advanced section is more suited to those with intermediate knowledge. Perhaps the better and more advanced educational material from BDSwiss comes in the form of weekly strategy webinars and frequent live seminars held at BDSwiss’ local office in Malaysia.

Webinars are free to non-clients and only require signup to participate. Once completed, webinars are added to the video library and combined with other educational videos about aspects of trading and market analysis.

BDSwiss Seminar

Analysis material

Research and analysis materials at BDSwiss are detailed and well-structured. Financial commentary is split into five sections: Market Preview, Technical Analysis, Daily Videos, Weekly Outlook, and Special Reports. Webinars are also conducted on an almost daily basis in a range of languages.

BDSwiss Research

All analytical material, including webinars and forecasting reports, is available free of charge, and most of the video content is uploaded to YouTube. The analysis quality is very high and will be of value to both technical and fundamental traders.

Watching these videos gives traders an insight into how to approach researching marketing opportunities and trader psychology. We particularly recommend the Daily Market Preview, conducted by BDSwiss’ Head of Investment Research, Marshall Gittler.

Customer support

24/5 customer support is available by telephone, email, live chat, and messaging services. Local telephone numbers are available across Europe.

BDSwiss offers a callback service for clients in Malaysia, though customer support is not available in Malay.

BDSwiss Trading Platform

BDSwiss supports both MT4 and MT5 and its own BDSwiss Webtrader platform, where they have made some recent modifications intended to improve the trading experience.

MT4

Having established itself as the industry-leading platform, Metatrader 4 (MT4) is the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading.  Features of the MT4 include a built-in library of more than 50 indicators and tools to streamline the analysis process and an impressive array of analytical tools, available in nine timeframes for each financial instrument.

BDSwiss WebTrader

The BDSwiss WebTrader does not require downloading, and it is fully synchronised to the downloadable versions of MT4, allowing for live price monitoring via an advanced market watch. Translated in more than 24 languages, the BDSwiss WebTrader is designed to accommodate traders’ needs around the globe.

Designed to give you maximum control, the BDSwiss WebTrader enables you to access your account quickly and efficiently on any device. The BDSwiss WebTrader is a user-friendly platform that delivers a vast array of tools, including unique indicators, automated trading via the pending orders feature, and an intuitive order window that automatically calculates position size, leverage, and required margin.

MT5

The MT5 trading platform is being adopted by more Forex brokers all the time.  It has a more modern interface, allows for an unlimited number of charts to be used, shows Depth of Market, and has a built-in Economic Calendar. It also has a larger number of pending order types than MT4 and features an embedded chat system. The MQL5 scripting language is more efficient than its precursor, and MT5 has more advanced charting tools than MT4.

BDSwiss Mobile Trading Apps

The award-winning mobile application from BDSwiss is a massive improvement on the standard MT4 mobile application. Featuring an intuitive and user-friendly trading interface, it is designed to be compatible and sync with your desktop MT4 application.

BDSwiss Mobile App

 

The mobile app offers basic trading, research, and account management functionality. Traders can open/close/edit positions, add stops to open positions, and delete working orders. Research and analysis are available on real-time charts, and automated alerts are used to identify trading opportunities.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the BDSwiss offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. BDSwiss would like you to know that: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. 78.8% of retail investor accounts lose money when trading CFDs with this provider.

Overview

BDSwiss is a well-regulated broker with a range of account types for traders of all experience levels. Support for MT4 and MT5 is combined with an award-winning proprietary mobile application and outstanding Forex education and analysis. BDSwiss should satisfy all traders looking for a good, responsible broker.

AlertAccepts Malaysian Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4 & MT5 platforms supported. BDSwiss is regulated by CySEC, FSC, and the FSA-Seychelles.
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.32/ 5
USD 100
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
50+
5
  • Tight spreads
  • Good for beginners
  • Wide range of assets
  • Expensive withdrawals
1110.503.5/ 5
11110.54.5/ 5
11110.54.5/ 5
111115/ 5
111115/ 5
111104/ 5
11110.54.5/ 5
78.8% of retail investor accounts lose money when trading CFDs with this provider
400:1
1.40 pips
Classic
VIP
Raw
Bank Transfer
Sofort Banking
Visa
Mastercard
Skrill
Neteller
Fees Included in Spread
1110.503.69/ 5
USD 200
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
52
16
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
111104/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
11110.54.5/ 5
111104/ 5
67% of retail investor accounts lose money when trading CFDs with this provider
400:1
1 pips
Professional
Standard
etoro
Visa
Mastercard
Neteller
Unionpay
Skrill
Paypal
Fees Included in Spread
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

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