Traders have access to the trading account dashboard to make withdrawals and deposits. All assets, including forex, CFDs, and cryptocurrencies, are supported. The BDSwiss proprietary mobile app can be downloaded from the respective app stores for Android and iOS. MetaTrader 4’s mobile app offers Kenyan traders unlimited access https://forexhero.info/ to a wide range of financial instruments that are offered by BDSwiss. MetaTrader 4 also offers different functions and features that have been optimized for mobile trading from anywhere in the world. Their primary focus is on forex trading, but they also offer binary options and CFDs on stocks, commodities and indices.
BDSwiss review – a broker with a variety of account types
By pressing the button, you’ll be transferred to the registration page. The broker asks you to provide your personal information and choose a trading platform. Withdrawal requests are processed by BDSwiss’s Account Team within one working day. However, the time required for the funds to be transferred to the account may vary, depending on the payment method. Read our unbiased review of BDSwiss that covers all the pros and cons of choosing this Forex broker for traders in South Africa. BDSwiss accepts traders from South Africa, but it is not regulated by FSCA and does not have a local office in South Africa currently.
Trading Conditions
Our below detailed review of the account types will assist South African traders in identifying the best-suited account type at BDSwiss. Compared to other regulated forex and CFD brokers in South Africa, the non-trading fees at BDSwiss are marginally higher than many of them. The inactivity fees can be very ineffective for the traders who trade occasionally. For a comprehensive review of the fee structure at BDSwiss, we have divided it into trading and non-trading fees.
Are there any commission fees associated with BDSwiss trading accounts?
- When it comes to forex trading with CFDs, you’re effectively buying or selling one against another in an attempt to benefit from long or short term price changes.
- With executions, BDSwiss is an ECN/STP broker offering trading in CFDs.
- BDSwiss give you access to the markets via the very popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
- It is regulated by CySEC because it is a Cyprus based company and Cyprus is also a member of EU.
- BDSwiss has been operating in the financial services industry since 2005.
- However, physical stocks are not available for trading with this broker.
A broader weekly outlook is also provided, as is a daily preview of the market in video form. Overall it is a great chance to gain some insight into many of the different assets available to trade. The charting tools you will find at BDSwiss are all provided thanks to the MT4 and MT5 trading platforms available.
For a retail trader, the biggest risk of trading with a non-regulated broker is that of illegal activity or schemes. Fraudulent activities include excessive commissions; very lose spreads, hidden Terms and Conditions and even restrictions on withdrawals. Regulatory authorities can provide a level of protection for investors as they can be trusted to restrict, sanction or ban such unwarranted actions and to safeguard investors.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose. Affiliates of the BDSwiss network could include anybody who has a large online presence, such as a blog, social media account, instructional Forex center, or any other digital media. One of the advantages of the affiliate program is the opportunity to earn money while promoting BDSwiss’ products and services to the affiliate’s target audience. The WebTrader is loaded with features, including a plethora of trading tools, indicators, automatic trading, and a customizable order window.
The VIP account spreads are impressive and no commission makes it an ideal choice. The commission on the Raw spread account is lower than a majority of the commission-based account types with a very tight spread. We liked their responsive customer support services & the variations in types of trading accounts. Also, they don’t charge any extra commission for deposits or withdrawals. The Raw Account is a professional account offering raw spreads in exchange for a minimum deposit of 500 USD. Spreads are down to 0 pips on major pairs at times, though they average at 0.3 pips on the EUR/USD.
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. Moreover If you want to choose different base currency account then you can open with USD, EUR, or GBP as the base currency. 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. However, I can’t say “go ahead and open an account immediately.” Truthfully, they’re better than most of the other brokers, but I believe there are others which have better trading conditions.
Additionally, its tight regulatory structure and many jurisdictions create a safe trading environment that fosters confidence among traders. As a result, the platform effortlessly interacts with its competitive conditions, such as narrow spreads and flexible leverage options, making it a popular choice among traders worldwide. The Mobile setup is a simple and versatile trading app available to traders worldwide. It smoothly combines BDSwiss’ trading conditions and capabilities, giving traders access to global markets anytime and anywhere. The broker is steadfast in its commitment to user-centric features and fairness, recently introducing enhancements to elevate the demo trading experience. BDSwiss also offers Islamic accounts that are in compliance with Sharia law, ensuring a wide reach and inclusivity.
However, physical stocks are not available for trading with this broker. CFDs enable short and medium-term speculators to benefit from price moving in any direction without owning the actual asset. Keep in mind that to trade Stock CFDs, you need a Classic, VIP, or RAW trading account, and traders should choose MT5 over MT4 as MT5 is built for trading multiple asset classes, including Stocks as CFDs.
This includes a detailed and comprehensive education and research section that is suitable for all levels of trader and provides content to keep you all learning and improving. BDSwiss is an international CFD Broker and a brokerage firm established in 2012, which fastly approached Markets and became one of bdswiss forex broker review the largest trading groups, and now serves as one of the leaders. The current clients’ base of BDSwiss counts more than a 1.6 million registered clients from over 186 countries, as well as serving exclusive Member club. Benefit from scalable and cost-efficient CFD trading ona wide range of global markets.
Copy traders can use mobile apps, which provide everything they need to follow other traders. 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 important fee-based data points. BDSwiss gives traders access to Forex, commodities, indices, cryptocurrencies, and shares as CFDs. CFD trading is a leveraged activity and is mainly for short and medium-term speculators. Long term investors that like to buy and hold investments for years prefer physical stocks and physical precious metals.
The zero-spread account offers an interbank spread averaging 0.0 for EURUSD and commission paid per transaction opening which is 6$. The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary BDSwiss Mobile and WebTrader apps. BDSwiss demonstrates good order execution statistics (which the broker publishes monthly), produces quality research, and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders.