BDSwiss Account Types
The platform boasts three types of accounts, catering to traders with different experience levels. Whether you are a beginner or an experienced trader, you can find the account type that suits your needs. Let’s take a look at them:
Register for Account
Simply sign up online for a BDSwiss account.
Verify Your Account
Upload the required documents to verify your identity.
Make a Secure Deposit
Fund your account using BDSwiss's flexible payment options.
You’re Ready to Trade
Connect to your trading account and start investing in global markets.
Customer Service
This broker offers excellent customer service, available anytime, anywhere. Besides live chat, you can also reach them via:
BDSwiss Pros & Cons
Pros:
- BDSwiss offers multiple platforms, including its BDSwiss Mobile and WebTrader apps, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- The Triple Zero account, introduced in February 2022 and available to new clients outside the EU, features all-in pricing close to zero pips for a 12-month promotional period.
- Daily Videos market coverage series is produced by in-house staff.
- As an agency broker, BDSwiss demonstrates balanced slippage with no requotes or order rejections, with execution statistics published monthly.
- BDSwiss provides access to Autochartist and its proprietary Trends Analysis tool.
- Trading signals and real-time alerts are accessible via the BDSwiss Telegram channel.
- The RAW account offers lower spreads and commissions (requires a $5,000 deposit).
- VIP clients gain access to the Premium version of Trend Analysis, featuring 500 trend patterns.
- BDSwiss launched Trade Companion as a trade analytics tool, available with a deposit of at least $500.
- AI-powered Trends Analysis tool launched in WebTrader.
Cons:
- The proprietary mobile app offered by BDSwiss is fairly basic compared to other platforms.
- Beginner’s educational content lacks a progress-tracking feature.
- The spread of 1.6 pips on the EUR/USD for its Classic account is considered expensive, despite favorable execution statistics.
- BDSwiss does not permit scalping.
- The FCA has directed BDSwiss to cease offering CFDs to U.K. clients due to regulatory concerns about its marketing practices.
- BDSwiss no longer accepts EU residents.
- BDSwiss imposes a steep $30 inactivity fee, charged after 90 days with no trading activity.
Is BDSwiss UK regulated?
BDSwiss is no longer regulated by the Financial Conduct Authority (FCA) in the United Kingdom (U.K.). However, it maintains multiple regulatory licenses across the European Union (EU), including authorization from the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. Despite this, BDSwiss no longer accepts residents from the EU. Additionally, it operates as a Tied Agent under its German entity and is passported across the EU and beyond, including Switzerland. It’s important to note that as of January 2024, BDSwiss is not accepting clients from the EU. The brand also holds an offshore regulatory license from the island nation of Mauritius.
