Independent rating of Forex broker BDSwiss

About company

BDSwiss is a registered trademark of BDSwiss Holding Plc. The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). BDSwiss has above 10 regional offices. Its client base contains more than 1.5 million users from more than 180 countries. The broker executes beyond 56 million trades per year.

Trading conditions

• 250+ currency pairs;
• stocks, indices, gold, oil, and natural gas trading
• 3 types of accounts
• no requotes
• cryptocurrency trading available 24/7
• 50+ CFDs on currency pairs
• no fees on deposits or withdrawals processed via credit card
• scalping

Trading platform

BDSwiss offers its clients three trading platforms to choose from: MetaTrader 4, MetaTrader 5, and WebTrader. The MetaTrader 4 (MT4) trading platform is popular among market participants thanks to a plethora of technical indicators, an extensive testing environment, and a wide range of Expert Advisors (EA) that help clients automate trades. The MetaTrader 5 (MT5) trading platform includes all the innovative features of MT4, but with an even greater selection of advanced trading tools and indicators. Among the benefits of MT5 are the ability to trade multiple assets on more than 250 CFDs, access to analytics, and advanced order types, including pending and stop orders. The WebTrader platform was exclusively developed in house to better cater for the needs of the BDSwiss large client base. Among the advantages of WebTrader are an intuitive order window, instant order execution, and no requotes.

Support service

The company's support service works 24/5. Users can contact the company via phone, email, and live chat.

Traders’ reviews

Traders leave both positive and negative comments about the broker on the Web. Quick withdrawal of funds, a personal manager for each novice trader, and a good selection of trading platforms are among the broker’s advantages. At the same time, traders mostly complain about unfounded blocking of their accounts, changing spreads, and disruptions to trading platforms.

Advantages:

• demo account
• fast order execution
• low spreads
• plenty of trading platforms
• training courses for beginners

Disadvantages:

• malfunctioning trading platforms
• challenging withdrawal of funds