🥇 BDSwiss Review 2023 : Is BDSwiss a Scam or Legit Broker
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his BDSwiss review provides an overview of the forex and CFD services from BDSwiss to enable you to compare similar brokers. We look at the trading platform, login process and account types, including RAW and black accounts which offer unique trading opportunities and sets BDSwiss apart from rivals.
As the name suggests, BDSwiss is based in Switzerland, and does offer clients opportunities to register with its Swiss site or the European platform.
The first time you access the website you will be notified that you can opt for either of the two sites and advised that BDSwiss is regulated by the Financial Services Commission (FSC). The broker is a global leader in CFDs and forex trading and has around 1mn client trading accounts.
About BDSwiss
BDSwiss was launched in the Zurich area in the year 2012. The business currently has more than €20bn in forex trades each month and is a global provider with over 16,000 affiliate accounts. BDSwiss is licensed by CYSEC in the EU, the National Futures Association in the United States, and the FSC.
Group companies include BDSwiss Holding plc, BDSwiss LLC, BDS Markets and BDSwiss GmbH. Business affiliates are known as partners and can access a variety of services, additional knowledge base and community forum direct on the platform.
Trading Platform
As noted, when you initially access the BDSwiss website, you are advised of the fact that the site is operated out of Switzerland, even though the business is licensed in the EU. You need to make a decision on whether to cancel and be redirected to the European trading platform, or continue on to the Swiss site. This decision is also confirmation that you have not been under any form of compulsion and are visiting BDSwiss under your own initiative. We’ll be taking a look at the difference between the two trading sites in more detail below.
Both BDSwiss sites default to English language, however, international clients can opt to use the sites in a variety of different languages to suit preferences. It takes less than one minute to register for an account on the platform, so you can be up and trading virtually immediately.
There is not a lot of difference between the layouts of the two BDSwiss sites, although it can be noted immediately that the European site does not offer a Wealth Management option. It’s easy to navigate around both websites and, if you’re new to trading, you can access the Trading Academy on main BDSwiss site and also on the European site. If you do open a Demo trading account with BDSwiss you need to speak direct to an adviser in order for €10,000 demo trading funds to be added.
You can trade CFDs or forex with BDSwiss and it’s an easy matter to place a trade on both these websites. The site offers MetaTrader (MT4) trading and there is complete training available, or you can opt to trade using the BDSwiss WebTrader platform, if preferred. As you explore their website you will note they offer regular trader webinars, video courses and lots of educational resources geared to traders at all levels. On site quizzes are an added feature of both these sites, and these are great for testing your trading knowledge and confirming you’re ready to start live trading.
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