Today, I have come up with a broker named BDSwiss, which is a peculiar place for online trading. Through this BDSwiss review, you will come to know about the features of this broker which can prove useful for you and your career.
BDSwiss is a brokerage firm established in 2012 in Switzerland. It has grown to be one of the biggest trading groups having a client base of 1.5 million and counting from over 186 countries which also has an exclusive members club. Being a company that came from Switzerland, experts attribute the strong basis of BDSwiss’s strong services to the great environment it was built in.
The online trading services of the brokerage firm has allows it to run as a worldwide operating group having its international headquarters in Limassol, Cyprus. However, it also has different offices in different countries of the world, including Germany (Berlin), Malaysia (Kuala Lumpur), Albania (Tirana), and Kosovo (Pristina).
Is BDSwiss regulated?
At the time of compiling this article, BDSwiss company is licensed to provide brokerage services in the EEA zone, and it is a broker under proper regulation. Also, local authorities recognized the broker for their accomplishments in the industry.
The operation offices of BDSwiss in offshore zones like Seychelles and Mauritius have been duly registered with the Mauritius Financial Services Commission (FSC), which has improved the possibility of the broker reaching global residents with their services. Though this offshore registration doesn’t automatically connote safe and secure compliance to the trading operation and standards, but judging from the broker being regulated by the respective authority in the European Union (EU), you can consider it a safe broker.
Remember, it is recommended to never trust or sign in to any broker that has only an offshore registration.
Is Users’ protection guaranteed?
Since the broker is regulated, one of the standards the broker must comply with is client protection and funds security which must be delivered in ways that will ensure a safe trading environment for investors. The fact is that, as long as the broker is regulated, you are always protected.
Account Types and Leverage Offered
BDSwiss offers four different types of accounts. They are Cent, Classic, VIP, and Raw, which handle the different needs of the traders depending on the cost and the amount of investment. The Classic and VIP accounts are created based on a spread-only model, but the Raw account offers interbank spreads and commission charges on every lot.
However, the BDSwiss market regulated by the FSC in the offshore zones offers two more types of accounts, the Premium and StockPlus. The StockPlus account allows users to build a more diversified portfolio choosing from over 1000 leading stocks and ETFs in the world. The account has zero percent commission for unleveraged stock trading and an option to trade stocks and ETFs with 1:5 leverage.
During the process of registration, you’ll be required to select your preferred base currency from a pool of US Dollars, Euro, and British Pound, which means that you’ll not have to pay extra for currency conversion. Also, the broker has negative balance protection, which means your account can’t fall below zero.
Trading Instruments and Trading Fees
There are over 250 assets to trade with BDSwiss ranging from forex, indices, commodities, and cryptocurrencies which are based on CFDs. However, the availability of these assets for each user is dependent on the account type and the BDSwiss entity you are trading with.
With the wide range of assets available for you to trade, you can select your most understanding and most desired instruments combined with the user-friendly portal of the broker to maximize profitability.
In addition, the broker has different methods of payment which varies per the regulations of each country. Nonetheless, the payment options cover bank transfers, Skrill, credit cards, sofortüberwelsung, iDEal, giropay, EPS, and others.
For a classic account, the minimum deposit is $100 which, when compared with other brokers is considered lower. However, the broker only charges trading fees mainly through spreads outside, and no other fee is charged neither for deposit nor withdrawal except inactivity.
Beyond the different features of the BDSwiss listed above, the brokerage firm has won different awards and recognitions for its excellent trading services and sophisticated technology. Some of these include the 2021 BEST MOBILE TRADING PLATFORM EUROPE GLOBAL BANKING AND FINANCE AWARDS.
This put together makes BDSwiss a great broker, but Instead of taking these words for it, you can do more research by reading the reviews of existing users on the platform.