Aside from being able to access the proprietary WebTrader platform directly from the client portal, the mobile application can be used to manage every account activity from the convenience of a mobile device, all without sacrificing functionality. Everything from the compliance and verification processes all the way through deposits and trading can be handled from the clear-cut and effortless interface. The broker provides 24/5 market news coverage through daily and weekly reviews as well as quarterly outlooks, video briefs and special reports. There are a series of free live trading and educational webinars being offered on the daily in more than 5 languages.
- All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management, which deserves good regard from us too.
- I’m client of BDSwiss for more than 2 years and I must say he is one of reasons why I will keep loyal to BDSwiss.
- But if you are a high volume trader, then the trading fees is low if you trade with Raw Account as the spread + commission is quite low.
- This broker deploys a reasonable fee structure for index CFDs at $2 per lot, and a 0.15% charge per share applies to equity CFDs.
A BDSwiss First Deposit Bonus is made available on the BDSwiss Premium Account. A minimum deposit of $100USD must be made for the 30% Deposit to be received. The approach is the same as with MT4, but given that the newer version also supports more exquisite and generally more effective tools, they were able to implement advanced mechanisms. They couldn’t do otherwise, these are the flagman interfaces used by the majority of FX and CFD traders.
Does BDSwiss or Forex4you offer lower pricing?
Therefore it is important to understand this to avoid the potential inurement of additional fees. In terms of instruments available for trading, BDSwiss has most assets covered. This includes nearly all of the commonly traded major and minor forex pairs, a large selection of more than 20 cryptocurrency CFDs, a handful of major stock indices, as well as various commodity CFDs.
However, range of instruments depends on the account type or BDSwiss entity you use. Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Dubbed as the World’s No.1 Trading Platform BDSwiss Forex MetaTrader 4 platform enables you to trade with confidence and security.
Opening an Account
It offers traders multiple instruments including Forex, over 250 CFDs, Commodities, Equities, Cryptocurrencies, and Indices via four platforms, MT4, MT5, Webtrader, and BDSwiss Mobile App. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other https://forex-review.net/bdswiss/ important fee-based data points. All the features that made MetaTrader 4 (MT4) the platform of choice have been kept and have been upgraded to a more sophisticated back end infrastructure that can support trading on multiple instruments from various asset classes. The latest MetaTrader platform provides a number of additional analytical tools and functions designed to give you a more comprehensive trading arsenal and an improved experience, thus making it one of the best platforms available in the market.
Forex4you is considered high-risk, with an overall Trust Score of 62 out of 99. Latency is essentially the time it takes for an order to be executed. In a matter of mere milliseconds, the price of an asset can change which means that if a broker does not provide optimal execution speeds traders can suffer slippage, which of course can be either negative or positive.
Additional Features
Immediate processing times refer to BDSwiss deposits only (via payment processors); as is standard, bank wires may take between four and seven business days to arrive. Per regulatory requirements, the name on the deposit account and trading account must be identical. While a combination of spreads and commissions accounts for the bulk of fees, BDSwiss also provides a premium Raw Account with spreads starting from 0 pips and commissions set at $5 per traded lot. The classic account carries an averagespread of 1.5 pips, an unacceptable mark-up relative to the industry. A reduction to an average of 1.1 pips in the VIP account is combined with up to 40% lower commissions on all indices and shares. This broker deploys a reasonable fee structure for index CFDs at $2 per lot, and a 0.15% charge per share applies to equity CFDs.
This platform has fewer tools, but that’s partly because it’s much newer than MTs and not many applications have been developed for it since the release. There are some interesting features, like the Trend Analysis tool that works somewhat like Expert Advisors, as well as many other interesting solutions. BDSwiss has been active online since 2012, when Bitcoin was on the rise once again. Since then, they’ve been able to accumulate quite a user base, and they are considered one of the top European brokers. There are lots of them, so it doesn’t necessarily mean you’ve heard about them before.
1.5M+ Registered Accounts $84B+ Trading Volume (Avg. Monthly Trading Volume) Clients from 186 Countries. BDSwiss goes the extra mile by hosting ample educational resources, providing up-to-date market research, and supplying exemplary customer support. BDSwiss accounts include the Classic Account for retail traders, the VIP account, which is offers reduced spreads and the Raw account, which offers even tighter spreads and is the most popular choice.
Is BDSwiss safe or a scam?
A key differentiator when it comes to trading with BDSwiss is its competitive trading conditions. With raw spreads starting from 0 pips, no spread manipulation, commissions from $0 and no fees on deposits and CC withdrawals, BDSwiss is undeniably working hard to offer its clients an ultra-competitive trading environment. In recognition of its efforts to offer traders the best possible conditions, BDSwiss was awarded the “Best Trading Conditions 2019” by acclaimed awarding body World Finance.
A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily
mean the same thing to you. You can decide for yourself if
BDSwiss is a good broker for you or not by reviewing the criteria. In general,
BDSwiss provides trading service in
Forex , Gold & silver , CFD , Oil , Stocks and Crypto . As for the payment methods, you can choose between
Skrill, Wire transfer, Credit/debit cards, Neteller, iDEAL, SOFORT, giropay and paysafecard. The customer support is available via
Email, Web form, Phone and Live chat.
Deposit methods
South African traders can also transfer in ZAR using Internet/Local Banking and EFT option, which is available for withdrawals as well. There is no extra fees on withdrawals with methods at BDSwiss except for card & wire. There is a minimum withdrawal amount which is 25$ and amounts lower than that can not be processed. There is no withdrawal fees when you request a withdrawal higher than these limits. Trading with CFDs on stocks with any of the account types will incur the same fees. A commission of 0.15% is charged for each round trade of CFDs on all the available stocks with any of the account types.
Compare Trading Instruments
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. BDSwiss is a European forex broker that offers multiple types of trading accounts. Their Trading Fees is competitive with the Classic account & quite low with Raw account. They also offer ZAR currency accounts & local funding and withdrawals via Local Bank Transfer.