Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

BDSwiss

Mauritius|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.bdswissid.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

6
Server Name
BDSwissGlobal-Real01 MT4
Server Location Belgium

Contact

+44 2036705890
support@bdswiss.com
https://www.bdswissid.com/
6th Floor, Nexteracom Building, Ebene, Mauritius.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2036705890

English

+49 3021446991

English

+39 0689970124

English

+34 910756937

Broker Information

More

Company Name

BDS Swiss Markets Global Services Ltd

Company Abbreviation

BDSwiss

Platform registered country and region

Mauritius

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed BDSwiss also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

J.P. Morgan

7.46
Score
Above 20 yearsRegulated in Hong KongDealing in futures contractsSelf-developed
Official website

IronFX

7.54
Score
10-15 yearsRegulated in CyprusMarket Making(MM)Global Business
Official website

STARTRADER

8.53
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

BDSwiss · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region Mauritius
Found 2012
Regulation unregulated
Market Instrument Forex, and CFDs on Commodities, Shares, Indices, Cryptocurrencies, ETFs
Account Type Cent, Classic, Premium, VIP and Raw
Demo Account yes
Maximum Leverage 1:1000
Spread Vary on the account type
Commission Vary on the account type
Trading Platform MT4 and MT5, Webtrader and Native Mobile App
Minimum Deposit $10
Deposit & Withdrawal Method Visa, MasterCard, Maestro, Giropay, Sofort, eps, iDEAL, Dotpay, Skrill, Neteller, Bank Wire Transfer, Bank Wire and Online Banking

BDSwiss, a trading name of BDS Swiss Markets Global Services Ltd, is allegedly a forex and CFD broker founded in 2012 and registered in Mauritius that claims to provide its clients with 1,000+ tradable financial instruments with flexible leverage up to 1:1000 and floating spreads from 0.0 pips on the MetaTrader4, MetaTrader5, Webtrader and Native Mobile App trading platforms via four different live account types, as well as 24/5 multilingual customer support service.

Here is the home page of this brokers official site:

home page

As for regulation, it has been verified that BDSwiss currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.22/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is February 3, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

BDSwiss advertises that it offers access to 1,000+ trading instruments in financial markets, including Forex, and CFDs on Commodities, Shares, Indices, Cryptocurrencies, and ETFs.

Account Types

Apart from demo accounts, BDSwiss claims to offer 5 types of live trading accounts, namely Cent, Classic, Premium, VIP and Raw. The minimum deposit requirement on the Cent and Classic accounts is $10, the Premium account requires minimum initial capital of $100, while $500 on the VIP and Raw accounts.

Account Types

Leverage

The leverage provided by BDSwiss is adjusted based on the account type. For example, the maximum leverage on the Premium account is 1:1000, while 1:500 on the other account types.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All spreads with BDSwiss are a floating type and scaled with the accounts offered. Specifically, the spread starts from 1.5 pips on the Cent and Classic accounts, from 1.1 pips on the Premium and VIP accounts, and 0.3 pips on the Raw account.

As for the commission, it varies depending on the asset class and account type. Just take an example of the commission on currency pairs, there is a commission of $5 on the Raw account, while no commission is charged on the other accounts. More details can be found in the above screenshot.

Trading Platform

The platform available for trading at BDSwiss are said to be MetaTrader4, MetaTrader5, Webtrader and Native Mobile App. MT4 and MT5 are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

BDSwiss says to accept deposits via Visa, MasterCard, Maestro, Giropay, Sofort, eps, iDEAL, Dotpay, Skrill, Neteller, Bank Wire Transfer, Bank Wire and Online Banking, and withdrawals with Visa, MasterCard, Skrill, Neteller, Bank Wire Transfer, PayPal, and Online Banking.

The minimum initial deposit requirement is $10, while the maximum withdrawal amount for credit cards is up to €/$/£2,000. There are no fees charged on deposits and credit card withdrawals.

As for the processing time of deposits and withdrawals, Bank wire Transfers and Bank Wire deposits require 1-4 business days, while other deposits are immediate. Withdrawals are processed within 24 working hours, however, the time required for your funds to reach your account depends on your banks timeframe as well as the method used to withdraw.

Deposit
Deposit
Withdrawal

Bonuses & Fees

According to the information on BDSwiss accounts, we found that it seems to offer a 30% FTD Bonus on the Classic and Premium accounts. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

The broker also charged an inactivity fee. Inactive accounts are charged 10% of the account balance each month, with the minimum amount charged being €25 or trading account currency equivalent, and the maximum amount charged being €49.9 until the amount balance is €0.

Customer Support

BDSwiss customer support can be reached by email: support@bdswiss.com, live chat, Telegram, or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Registered Address: 6th Floor, Nexteracom Building, Ebene, Mauritius.

Customer Support

Pros & Cons

Pros Cons
• Multiple tradable assets, accounts types and payment options offered • No regulation
• Demo accounts available • Commission charged
• MT4 & MT5 supported
• No minimum deposit requirement

Frequently Asked Questions (FAQs)

Q 1: Is BDSwiss regulated?
A 1: No. It has been verified that BDSwiss currently has no valid regulation.
Q 2: Does BDSwiss offer demo accounts?
A 2: Yes.
Q 3: Does BDSwiss offer the industry-standard MT4 & MT5?
A 3: Yes. BDSwiss supports MetaTrader4, MetaTrader5, Webtrader and Native Mobile App.
Q 4: What is the minimum deposit for BDSwiss
A 4: The minimum initial deposit to open an account is $10.
Q 5: Does BDSwiss charge a fee?
A 5: Like every forex broker, BDSwiss charges a fee when you trade - either in the form of a commission fee or spread fee. But no deposit & withdrawal fees are charged.
Q 6: Is BDSwiss a good broker for beginners?
A 6: No. BDSwiss is not a good choice for beginners. Although it offers demo accounts on the MT4 and MT5 platforms, and quite competitive trading conditions, the lack of legal regulation is an unchangeable truth.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

trademax总部
more than one year
The BDSwiss website looks very professional and is available in a wide variety of languages. The only downside is that it does not have a valid regulatory license. And this is a crucial question.
2023-02-20 15:39
Reply
0
0
梦中的祈祷
more than one year
BDSwiss is a good platform for all traders. They provide demo accounts for beginners. All done within a minute though. The customer service chat is amazing and fast with real people.
2023-02-16 11:36
Reply
0
0
FX1142150269
more than one year
You can open an account here for as little as $10, and the company offers a variety of financial instruments. I'd like to try that!
2022-12-12 11:03
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com