With this broker, traders have access to trading Forex, commodities, indices, cryptocurrencies, and shares as CFDs. It is designed to minimize risk while providing hands-on trading experience. It’s worth noting that BDSwiss does not charge commissions on forex, crypto, and commodity pairs. A fixed commission fee will apply depending on your account type and trading account currency for all other CFDs, including indices and stocks. However, physical stocks are not available for trading with this broker.

CFDs stand for Contract For Difference, and traders exchange them to get short-term benefits. CFDs are not generally used for long-term investing, however, they are the primary xtb review choice for speculating on short and medium-term prices. What’s great about CFDs, is that traders do not own them, and therefore, trades can be placed in both long and short directions.

• It’s worth noting that BDSwiss does not charge commissions on forex, crypto, and commodity pairs.
• Combining deep liquidity, cutting-edge execution and reduced spreads, BDSwiss delivers industry-leading trading conditions, recognized by renowned international awarding bodies.
• For instance, you can upload a digital photo or scanned version of your passport, ID card, or driving license.
• BDSwiss is authorized and regulated by the Financial Services Authority of Seychelles.

Trade with Ultra-Fast Execution

In order to better understand the differences between BDSwiss’ and other brokers’ pricing models, let’s compare the numbers. There are 51 Forex pairs offered by this broker and includes all majors, many minors, and some exotics. Major pairs are currencies from global economies such as Europe, the USA, Canada, Japan, New Zealand, Great Britain, Australia, and Switzerland. The second part is always one of the major currencies mentioned above. BDSwiss is regulated by the Financial Services Authority of Seychelles (FSA). As this regulator is not very strict, it decreases the trustworthiness of the broker.

• In case you register using a fake name or a nickname, your account will be rejected.
• Long term investors that like to buy and hold investments for years prefer physical stocks and physical precious metals.
• MetaTrader 4 was released in 2005 by the Russian software giant MetaQuotes Corp.
• BDSwiss does offer access to an Islamic, Swap-Free Account, However, Traders should note that Swap-Free applies for 10 or 90 calendar days depending on the region.

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare BDSwiss with the top 3 similar brokers that accept traders from your location. Beginners should carefully consider the risks and start with octafx broker reviews small investments while learning trading fundamentals. BDSwiss offers in-house real-time trading alerts via Telegram exclusively for live account holders in a somewhat unique step.

Account types available for traders on BDSwiss

Furthermore, BDSwiss does not provide passive investment options such as real stocks, exchange-traded funds (ETFs), or copy trading (except for partners) offered by eToro, FXTM, and Pepperstone. BDSwiss offers a demo account for all its accounts except for the Cent account. I noticed some advanced features like personal account managers or premium analytics are only accessible in higher-tier accounts or with more significant deposits of $1,000+. After you verify your account, you can deposit money to your trading account and start placing orders.

Swap-free accounts that keep a position open for over 10 calendar days or 90 calendar days depending on the region. Will have a swap fee either credited or debited to their account as applicable. You will then need to complete an Appropriateness Test to ensure that you understand all the risks involved in trading derivative products and submit basic information on your Economic profile. Simply click “Sign up” (or HERE) and complete the registration process.

To verify your account, you are required to provide us with proof of identity (POI) and proof of residence (POR) and complete a quick questionnaire (Appropriateness test and Economic profile). Compare the markets and instruments offered by BDSwiss and its competitors. Please note, some markets may only be available via CFDs or other derivatives. However, it’s important to note that the broker operates under less stringent regulatory bodies, which may offer less investor protection. Expanding the range of tutorials and training webinars could make BDSwiss’s educational tools more robust and a step towards the top brokers for education like XTB.

BDSwiss enables its clients to benefit from tight spreads, irrespective of account type, on a wide range of instruments. The below Live Spreads feed includes the Bid and Ask quotes for our VIP Account and the resulting average spread for our most traded major forex pairs. Click here to learn more about our Account Types and select the one that best suits your trading needs.

To open a BDSwiss account, click the “Sign Up” button on their website, fill out a straightforward registration form, verify your email, and complete the process. Once done, your account will be set up, allowing you to start trading. The Zero-Spread account is perfect for traders who prefer to trade without spreads. Instead of traditional spreads, this account charges a fixed commission on trades, providing greater transparency in pricing. The BDSwiss Cent account is designed for traders who want to start with a smaller deposit while coinjar reviews experiencing real trading conditions.

If you have experience trading with BDSwiss please share your personal review of the broker and what you think are strong and weak points. Before deciding, it’s essential to weigh the potential benefits against the regulatory considerations and assess your specific risk tolerance and trading goals. I find the FAQ section helpful for addressing common queries, though it lacks depth in certain areas. There are also a few video tutorials to assist beginners, but these are very limited compared to more comprehensive and practical libraries from other brokers such as Axi. In addition to traditional communication channels, the broker interacts with its clients on popular social media platforms such as Facebook, X, LinkedIn, Instagram, and YouTube.

In other words, when you trade a stock CFD, for example, you can short-sell the stock and get benefits when the market’s going down. Physical stocks, on the other hand, are only profitable when investors buy low and sell high. CFDs are a better choice for speculating the markets, however, physical commodities and stocks are preferred for long-term investing as they don’t have rollover fees or additional expenses. The minimum deposit required to open a BDSwiss account is just USD 10, making it an affordable option for traders starting with smaller amounts of capital. The BDSwiss Cent account is designed for traders who want to start with a smaller deposit while experiencing trading in a live environment. You can upload the documents through the BDSwiss dashboard or use the BDSwiss Mobile App to directly scan your documents and upload them on our system.

What are the features of the BDSwiss Classic account?

Yes, BDSwiss allows you to start trading with a small deposit, as the minimum deposit requirement is only USD 10. This makes it an excellent choice for traders who want to start with a lower investment. The BDSwiss Demo account allows traders to practice and refine their trading strategies without any financial risk. The minimum deposit required to open a BDSwiss account is USD 10, making it accessible for traders at various levels of experience and capital. BDSwiss can be an appealing choice for active traders due to its robust trading platforms, diverse account options, and wide range of tradable assets. Additionally, for any minimum deposit of $5,000 for any account type, you receive Priority Service for faster processing of your KYC documents and withdrawals.

Assets & Markets

Despite the regulatory environment, BDSwiss claims it prioritizes client protection by segregating client funds. This means client assets are kept separate from the company’s operational funds, minimizing risk in case of insolvency. However, keep in mind that mobile apps are best used as helpers and not as a main trading tool.

What types of live trading accounts are available at BDSwiss?

We accept registrations in the client’s real/official name as stated in the identification documents only. Therefore, please ensure that you provide us with accurate and valid information from the beginning. In case you register using a fake name or a nickname, your account will be rejected. Once your account is fully verified, you will be able to enjoy the benefits of the BDSwiss platform and our products in full.

The minimum deposit required to open a BDSwiss Account is USD 10. BDSwiss makes 4 live trading accounts available, Classic, VIP, and, Cent and Zero-Spread. BDSwiss makes 4 live trading accounts available, Classic, VIP, Zero-Spread & Cent. After you open a live trading account, it’s recommended that you verify before transferring funds. The broker asks for proof of residence and proof of identity from you.

What is Dynamic Leverage

BDSwiss provides essential research tools, such as daily market updates, economic calendars, and trading calculators, which I find helpful for planning trades. The proprietary BDSwiss WebTrader is straightforward, but I’ve had difficulty re-sizing windows to make the workspace more personal. I’d also like to filter the trading ideas by asset, such as indices or commodities, like I can with Signal Centre at FXTM.