BDSwiss

Introduction

BDSwiss is a well-established broker firm that offers trading services in Forex, CFD, and Binary Options. Founded in 2012, the company has grown significantly, boasting over a million registered accounts worldwide. However, like any other broker, BDSwiss has its strengths and weaknesses. This article aims to provide a neutral review of the firm, highlighting its features, strengths, as well as areas of improvement.

Trading Platform and Tools

MetaTrader 4 and MetaTrader 5

BDSwiss offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are the most popular trading platforms in the industry. These platforms offer a variety of technical analysis tools, automated trading capabilities, and customizable interfaces.

WebTrader

In addition to MT4 and MT5, BDSwiss also offers its own WebTrader platform. This platform is user-friendly and requires no download or installation. It provides access to over 250 assets, including forex, commodities, stocks, and indices.

Regulation and Security

BDSwiss is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is also a member of the Investor Compensation Fund (ICF). This means that clients’ funds are protected up to €20,000 in the event of the company’s insolvency. However, it is worth noting that some clients have raised concerns about the firm’s regulatory status outside of Europe.

Customer Service

BDSwiss offers customer support in multiple languages, including English, German, Italian, and Spanish. The support team can be reached via live chat, email, or phone. However, some users have reported slow response times and lack of resolution to their issues.

Education and Resources

BDSwiss offers a range of educational resources, including webinars, seminars, trading courses, and market news. These resources are beneficial for both beginner and experienced traders. Nonetheless, some users have criticized the quality and depth of these educational materials.

Account Types and Fees

BDSwiss offers several account types, including Basic, Raw, and Black accounts. The minimum deposit requirement varies from $200 to $10,000, depending on the account type. While the firm offers competitive spreads, some users have complained about high withdrawal fees and hidden charges.

Conclusion

BDSwiss has a lot to offer in terms of trading platforms, asset variety, and educational resources. Its regulatory status under CySEC also provides a certain level of security for clients’ funds. However, the firm has room for improvement in areas such as customer service and transparency of fees. As with any broker, potential clients should conduct thorough research and consider their individual trading needs before opening an account with BDSwiss.