No Bonuses or Promotions
BDSwiss is an online Forex and CFD broker. First introduced in 2012, it is relatively new to the market. However, they managed to gain popularity quickly due to the quality of their services. Despite its official name, they are based in Limassol, Cyprus and are the property of BDSwiss Holding Plc which is authorized to perform actions by CySEC. It should also be mentioned that this company is registered with the US National Futures Association. The NFA is known to be super-strict governor which makes it safe to assume that you are having business with a reliable firm.
Deposits and Withdrawals
The minimum amount requested to set up the account is 100 USD. There is only one simple account option for easy access and trading. The company does not accept clients from the United States, Canada, Japan, Syria, Sudan, and North Korea. The company accepts all major credit cards and popular digital payment methods, such as Neteller, Skrill, Wire transfers, GiroPay, and others. There is no information presented on their website about how long withdrawals usually take to be processed. However, the company assures that withdrawal requests will be authorized and processed quickly if all the necessary documentation is supplied. There is no commission for withdrawals, however, note that bank intermediaries may take some fee.
There is one ordinary account type offered to customers. It is available for almost everyone as the minimum amount to start is as low as 100 USD. The account can be opened with USD, Euro or GBP. BDSiwss offers MetaTrader 4 for multiple devices including Windows, Mac, iOS, Android and Web-based version. The company paid great attention to its mobile application which gives you the opportunity to place trades from anywhere you go. The mobile version differs from the desktop version only by the size of the interface. All features are included. Major attention is paid to education materials. There is a special section on their website which will allow novice traders to access free learning materials. There are also webinars being held constantly for the firm’s customers. If you are unsure if you really want to risk your funds on the forex market, you can try your chances with the demo account first which is free to use.
The firm offers more than 50 different currency pairs for trading. It needs to be mentioned that even exotic pairs like USD/ZAR or USD/RUB are available. There are also more than 15 cryptocurrencies, major stock indices, gold, oil, and gas offered for trading. Spreads are very attractive. For instance, the USD/EUR pair may be as low as 1.2 pips. If you wish you can place small trades starting at 0.01 lots. Scalping strategy is not permitted here.
Given its good reputation among the community, low minimum amount requested to start, and a great number of assets offered to trade with, it is safe to say that BDSwiss is a perfect choice of broker.