BDSwiss Review

 

Overall, BDSwiss can be considered a well-established and trustworthy regulated broker. It has over 1.7 million registered accounts and thousands of 5-star reviews on Trustpilot. Due to its immaculate online support, BDSwiss has a trust score of 91 out of 100. 

 

🛡️ Regulated and trusted by the FSCA.
🛡️ 1768 new traders chose this broker in the last 90 days.
🛡️ Available for South African Traders 🇿🇦

 

 

BDSwiss At a Glance

 

BDSwiss Review – Analysis of Brokers’ Main Features

1. ☑️Spider Chart
2. ☑️Overview
3. ☑️Safety and Security
4. ☑️Affiliate Program
5. ☑️Minimum Deposit
6. ☑️Account Types and Features
7. ☑️How to Open and Close a BDSwiss Account
8. ☑️BDSwiss Base Account Currencies and Basic Order Types
9. ☑️Social Trading with BDSwiss
10. ☑️Trading Platforms
11. ☑️Which Markets Can You Trade with BDSwiss?
12. ☑️BDSwiss Fees, Spreads, and Commissions
13. ☑️Deposits and Withdrawals
14. ☑️How to make a Deposit or Withdrawal with BDSwiss
15. ☑️Education and Research
16. ☑️Customer Support
17. ☑️BDSwiss Sponsorships
18. ☑️BDSwiss Web Traffic Report, Popularity, and, More.
19. ☑️BDSwiss vs InstaForex vs FXOpen – A Comparison
20. ☑️BDSwiss VPS Review
21. ☑️Trading Signals
22. ☑️Our Experience with BDSwiss
23. ☑️Customer Reviews
24. ☑️Recommendations according to our in-depth review of BDSwiss
25. ☑️Pros and Cons of Trading with BDSwiss
26. ☑️Conclusion
27. ☑️Frequently Asked Questions
28. ☑️References

 

BDSwiss Spider Chart

 

• Regulatory Standing: 4/5
• Financial Stability: 4.5/5
• Trading Platform Quality: 4/5
• Customer Support: 3.5/5
• Educational Resources: 3/5
• Trading Conditions: 4/5

 

Overview

 

BDSwiss, founded in 2012, has gained popularity among South African traders because of its extensive selection of financial instruments and user-friendly features. It has also grown its services abroad, including a strong presence in South Africa.

 

The platform is well-known for offering CFDs, including forex, cryptocurrencies, commodities, indices, and stock trading, catering to various financial interests. BDSwiss provides competitive trading conditions tailored to the South African market.  Tight spreads, especially appealing to forex traders, and a minimal minimum deposit requirement make it accessible to a broad spectrum of investors.

 

Furthermore, the platform offers leverage options that maximize possible gains, albeit traders should be aware of the dangers of employing leverage.

 

Another highlight is the platform’s user interface, which is meant to be intuitive and straightforward for traders of all experience levels. BDSwiss provides the popular MetaTrader 4 and MetaTrader 5 platforms and its own BDSwiss WebTrader platform and app.

 

These systems include comprehensive charting tools, market indicators, and risk management capabilities, allowing South African traders to make well-informed decisions.

 

BDSwiss – Advantages Over Competitors

BDSwiss has the following advantages over Competitors:

• The availability of prominent trading platforms like MetaTrader 4 and MetaTrader 5, as well as the BDSwiss Mobile App and BDSwiss WebTrader, provides advanced trading tools and flexibility to South African traders.
• The platform emphasizes the necessity of traders making educated decisions by knowing and managing the risks associated with trading in Forex/CFDs and other derivatives.
• BDSwiss provides simple account creation processes, many payment and withdrawal options, and responsive customer service, boosting South Africans’ entire trading experience.
•  BDSwiss has received international recognition for its vast liquidity, cutting-edge execution, and low spreads, providing an industry-leading trading experience.
• BDSwiss assists traders from over 180 countries, including South Africa, build a varied trading environment.
• BDSwiss allows South Africans to trade over 250 CFDs, including FX, stocks, indices, commodities, and cryptocurrencies.
• BDSwiss is regulated by recognized institutions, notably FSCA, FSC, FSA & MISA, ensuring a transparent and secure trading environment for South African traders.
• The platform provides traders with competitive conditions, including ultra-fast execution speeds, critical for profitable trading.
• BDSwiss offers dynamic leverage (Dynamic leverage is only available to clients residing in specific locations) choices up to 1:2000, giving South African traders the freedom to choose their chosen amount of leverage.
• Furthermore, The website provides daily market analysis and live education webinars with industry experts, assisting South African traders in staying informed and improving their trading skills.

 

 

Who will Benefit from Trading with BDSwiss?

Time-Sensitive Traders

South Africans who seek speedy and efficient trading will appreciate the ultra-fast execution rates offered by BDSwiss. This capability is critical for day traders and those who use scalping tactics when milliseconds can make or break a trade.

 

Aspiring and Experienced Forex Traders

South Africans new to or seasoned in the currency market may find BDSwiss extremely useful. The platform’s availability to a wide choice of currency pairs, combined with reasonable spreads and dynamic leverage, suits individuals wishing to trade well in the turbulent forex market.

The availability of main and exotic pairs is an extra benefit for individuals looking to vary their forex trading tactics.

 

Global Market Participants

Traders seeking global market exposure can benefit from BDSwiss’ international presence and support for traders from over 180 countries. This global perspective may be fascinating to South African traders trying to expand beyond their home market.

 

Tech-Savvy Traders

South African traders seeking flexibility and advanced tools in their trading activity, particularly tech-savvy ones, will find the availability of MetaTrader 4 and MetaTrader 5 platforms alongside mobile and web-based trading options ideal.

 

Crypto Enthusiasts and Investors

With South Africa’s growing interest in cryptocurrencies, BDSwiss’s offering of major cryptocurrencies such as CFDs is a big draw. This function is handy for people who want to speculate on cryptocurrency values without holding digital assets, avoiding the complications of crypto wallets and exchanges.

 

Traders Focused on Diversification

South African traders seeking a varied investment portfolio may benefit from BDSwiss’ selection of CFDs on stocks, indices, and commodities. In volatile markets, this diversification allows traders to spread their risk across several asset classes, which is a safer strategy.

 

Risk-Averse Traders

The platform’s emphasis on risk management, including providing educational resources and tools to help traders make informed trading decisions, matches well with conservative traders and value capital preservation.

This is especially true in the South African market, where economic swings can impact trade decisions.

 

Traders Seeking Educational Growth

BDSwiss’ extensive instructional materials will benefit beginners and traders who want to keep learning. The platform’s seminars, courses, and daily market analysis provide valuable insights, making it an excellent choice for traders who value continual education.

 

The overall distribution of traders who use FXPesa is as follows:

 

What customer service advantages does BDSwiss offer to South African traders?

BDSwiss offers South Africans straightforward account creation, several payment choices, and responsive customer service, improving the entire trading experience.

 

How does BDSwiss stand out in terms of market recognition?

BDSwiss is well-known worldwide for its vast liquidity, cutting-edge execution, and low spreads, which provide an industry-leading trading experience.

 

Safety and Security

 

BDSwiss is regulated by the Financial Sector Conduct Authority (FSCA). The BDSwiss global regulations are listed in the table below.

 

Global Regulations

 

Protection of Client Funds

 

Security while Trading

BDSwiss has implemented many measures to safeguard the safety and security of its traders, which are especially essential for South African traders, as part of its commitment to offering a secure trading environment.

 

BDSwiss is governed by the Financial Services Authority (FSA) of Seychelles, FSC of Mauritius, MISA of Mwali, and the Financial Sector Conduct Authority (FSCA) of South Africa.

 

This regulatory control is critical because it requires BDSwiss to follow high financial standards and operating norms, increasing traders’ trust and confidence, especially those from South Africa.

 

Furthermore, BDSwiss emphasizes the necessity of safeguarding personal information and financial activities. The platform uses extensive security methods to protect sensitive data, which is especially encouraging for South African traders concerned about the privacy and security of their online transactions.

 

This emphasis on data security is consistent with global norms, guaranteeing that traders’ personal and financial information is treated with the highest care and confidentiality.

 

Pros and Cons Regulation and Safety of Funds

 

What global regulations does BDSwiss adhere to?

BDSwiss is governed by organizations such as the FSC in Mauritius, the FSA in Seychelles, the FSCA in South Africa, and the MISA in Mwali.

 

What measures does BDSwiss take to ensure privacy and data protection?

BDSwiss has a robust privacy policy and uses advanced security methods to safeguard personal and financial information.

 

Affiliate Program

 

Anyone in South Africa with a significant internet presence is eligible for the BDSwiss Affiliate Program. Individuals with active blogs, social media profiles, Forex educational platforms, or other digital outlets are included.

 

 

Here are some of the crucial elements of the BDSwiss Affiliate Program, which is specifically designed for South African affiliates:

• BDSwiss offers independent mobile traffic monitoring tools, allowing affiliates to gain insights into their mobile audience.
• The program provides quick and detailed reporting on success, providing affiliates with the information they need to optimize their promotional efforts.
• Partners should familiarise themselves with BDSwiss’s affiliate program specifications to comprehend the commission structures offered to South African affiliates.
• One key benefit of the BDSwiss Affiliate Program is the ability to earn cash while promoting BDSwiss products and services to your target audience.
• BDSwiss has a great conversion rate (37%), and referral onboarding is swift.
• BDSwiss’ multi-product solutions include over 250 CFDs and assets from several asset classes. They also include award-winning trading platforms that are available on various devices.
• Affiliates are given several BDSwiss marketing and tracking tools to help them properly promote the firm and its offers. These tools assist you in making the most of your influence as an affiliate.
• The BDSwiss Affiliate Program offers comprehensive solutions, including ad serving, tracking, and management.
• With 13 seconds or fewer response times, BDSwiss maintains a 100% response rate. Affiliates benefit from personal account managers and dedicated affiliate managers for VIP referrals.

 

How to open an Affiliate Account with BDSwiss

To register an Affiliate Account, South African traders can follow these steps:

• Begin by using your choice web browser to access the official BDSwiss website.
• On the BDSwiss website, choose “Partners.”
• When you click “Partners,” you will be taken to the Partner Page, where BDSwiss describes its affiliate program.
• On the Partner Page, you should see a ” Start Now ” button or link.” Click this button to begin the registration process.
• You will be asked to fill out a registration form. Fill in all of the needed information correctly. This form may contain your name, contact information, website or social media outlets, and other pertinent information.
• After completing the registration form, double-check the information to ensure it is correct. Once you are pleased with the information provided, submit the form.
• BDSwiss will then review your affiliate registration. This evaluation procedure guarantees that your application meets the rules and guidelines of their affiliate program.

 

Are there any specific requirements for maintaining a BDSwiss Affiliate Account?

To keep your affiliate account, you must actively promote BDSwiss and follow their marketing standards.

 

Do I need a trading account with BDSwiss to become an affiliate?

While having a trading account is advantageous, it is not required to become a BDSwiss affiliate.

 

BDSwiss Minimum Deposit

 

Can I start trading with BDSwiss with only 200 ZAR?

Yes, you can open a Cent or Classic Account with BDSwiss with as little as 150 ZAR.

 

Are there any additional fees associated with the minimum deposit on BDSwiss?

No, BDSwiss does not levy any additional fees on minimal deposits.

 

BDSwiss Account Types and Features

 

 

Cent Account

The Cent account is ideal for individuals new to trading or novices. It allows them to trade with smaller lot sizes in pennies and minimizes risk.

 

This feature makes it a suitable option for inexperienced traders starting with a small investment, especially South Africans opting for a low-risk strategy.

 

 

Classic Account

The Classic account suits regular retail traders and typically features reasonable spreads and potential access to all available trading products.

 

It is ideal for South African traders who possess some market expertise and seek a balance between cost-effectiveness and the ability to utilize various trading instruments.

 

 

VIP Account

VIP accounts are meant for skilled and prolific traders. They offer perks such as reduced spreads, a dedicated account manager, and added trading resources. Traders from South Africa engaging in significant trade volumes can take advantage of the customized services provided by VIP accounts.

 

 

Zero Spread Account

As suggested by its name, this type of account usually presents no or minimal spreads on trades. Day traders and scalpers alike commonly favor it. With this account option, south African traders participating in high-frequency trading may find it beneficial to decrease their spread expenses.

 

 

Demo Account

 

Through its Demo Account, BDSwiss provides a valuable opportunity for South African traders new to the trading field. This account is an excellent tool for those starting Forex or CFD trading because it allows for risk-free practice.

 

South African traders registering a Demo Account with BDSwiss are given virtual funds up to 1,000,000€/$/£ or the ZAR equivalent. With this enormous virtual cash, they may replicate real-world trading scenarios without risking actual financial loss.

 

The Demo Account is especially useful for South African traders who are unfamiliar with the complexity of the Forex and CFD markets.

 

It helps individuals to become acquainted with the features of the trading platform, comprehend market movements, and build trading methods without the pressure of risking real money. This hands-on experience is invaluable for developing trading confidence and skills.

 

Islamic Account

 

Notably, the broker provides South African clients interested in BDSwiss with a specialized Swap-Free account.

 

This account permits traders to conduct transactions without incurring interest following Sharia law principles. A notable benefit is eliminating overnight swap fees, a feature that may appeal especially to traders adhering to Islamic principles.

 

Nevertheless, the Swap-Free feature is only applicable for ten calendar days. If the trader maintains an open position for more than 10 calendar days, swap charges or credits may be applied to the account, contingent upon the trade’s direction.

 

The Swap-Free account offered by BDSwiss must be restricted to Muslim traders exclusively. This limitation is per the tenets of Sharia Law and guarantees that the account is employed for religious objectives.

Furthermore, the broker might request substantial proof of your religious affiliation to verify adherence to the account’s stipulations.

 

Account Types and Features – Pros and Cons

Feature	BDSwiss
Minimum deposit	$10/ZAR 150
Commissions	Zero on forex, $2 on indices and 0.15% on shares
Spreads	From 1.3 pips EUR/USD
Leverage	Default Leverage: Up to 1:400 Dynamic Leverage: Up to 1:2000
Trading instruments	CFDs: Forex, Commodities, Cryptocurrencies, Stocks, Indices
Instant withdrawals	Only on Credit cards up to $2000.
Deposit and Withdrawal fees	A withdrawal fee of $10 or currency amount equivalent apply when bank wire withdrawals are under $100
Trading alerts access	Limited
AutoChartist Performance Stats	An additional $500 / ZAR 9000 deposit allows you access to AutoChartist performance stats
Personal account manager	An additional minimum deposit of ZAR 500 allows you access to a personal account manager
Education	AutoChartist standard tools, live webinars, traiding academy
Customer support	24/5

 

Can I trade cryptocurrencies with a BDSwiss VIP Account?

Cryptocurrencies can be traded with other instruments under a BDSwiss VIP Account.

 

Does BDSwiss offer Islamic accounts for Muslim traders?

Yes, all BDSwiss trading accounts offer Islamic account alternatives.

 

How to Open and Close a BDSwiss Account

 

 

To open an account with BDSwiss, South Africans can follow these steps:

• To register, navigate the BDSwiss website and select “Sign Up” in the upper right corner.
• Please complete the registration form with your personal information, including your first and last name, country of residence, email address, and phone number.
• Determine the desired account type, as well as the desired leverage and currency level.
• Ensure you fulfill the verification requirements by submitting all the requested documents to BDSwiss.
• Upon successful account verification, you will receive your login credentials. Use them to access your profile.
• Upon logging in, you can access your demo account, which was created automatically when you registered for a new trading account with BDSwiss.

 

South African traders can follow these steps to close a live trading account with BDSwiss (no deposits or document uploads must have occurred). You can access your BDSwiss account via the website’s dashboard and the BDSwiss Online Trading Mobile App, available for iOS and Android (developer name: FinTechX).

• Go to the Account Settings area.
• Locate the account deletion option.
• Confirm that you want to delete your account.
• Your account will be erased, and the following data will be removed:
• First Name
• Last Name
• Email
• Date of Birth
• Country of Residence
• Phone Number
• Address Details (Street, City, Zip, Region)

 

Traders must remember that if they have conducted any activity on a trading account, the data must be kept for 7 years from the account closure date for compliance purposes. Account deactivation is not feasible in this instance.

 

Furthermore, to delete your BDSwiss account, follow these steps:

• Through the Dashboard:
• Log in to your BDSwiss account.
• Navigate to “Profile and Settings.”
• Go to the “Privacy” section.
• Find and select “Delete my account.”

 

• Through the BDSwiss iOS Mobile App:
• Open the BDSwiss iOS Mobile App.
• Access the “More” section.
• Go to “Settings.”
• Select “Delete Account.”

 

• Through the BDSwiss Android Mobile App:
• Open the BDSwiss Android Mobile App.
• Access the “More” section.
• Go to “Settings.”
• Select “Delete Account.”

 

What happens to my data after the account closure/termination of my BDSwiss account?

When closing a BDSwiss account, BDSwiss does not delete your data for up to 7 years. However, no deposit must have been made, and no documents must have been uploaded; otherwise, BDSwiss cannot delete your account.

 

Is it possible to reactivate my BDSwiss account after closing it?

Reactivation is subject to BDSwiss policies and may need the creation of a new account if your data is permanently destroyed.

 

BDSwiss Base Account Currencies and Basic Order Types

 

The base account currencies available to South Africans include the following:

• ZAR
• USD
• EUR
• GBP

 

BDSwiss Basic Order Types include:

• A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
• Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
• A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
• This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.

 

Alternatively, you can place a limit order if you believe the price will reverse when it reaches a specific price.

 

Social Trading with BDSwiss

 

BDSwiss has an attractive feature known as copy trading, which allows you to increase your earnings by using shared trading techniques. This revolutionary technology enables traders to join the BDSwiss Family in minutes.

 

Individuals can get started by registering as Affiliate Partners, becoming partners with BDSwiss, and having the right to refer clients to the platform. Once registered, traders can create a Trading Account and enable Copy Trading under the Settings section.

 

When clients want to duplicate your trading tactics, you can earn Performance Fees in addition to ordinary fees. It is a one-of-a-kind opportunity to capitalize on your skills and enhance your income.

 

BDSwiss Copy Trading provides a platform for traders to offer their methods to clients. Anyone who desires to follow your lead can instantly copy your trading behavior.

 

Furthermore, it is a terrific strategy for increasing client engagement by allowing them to efficiently mimic your strategies and performance.

 

Furthermore, the system is transparent and adaptable to clients’ needs. Clients can view your results, allowing them to make educated decisions about whether or not to begin or discontinue replicating your trading tactics.

 

This level of transparency fosters confidence and helps clients make decisions that align with their financial objectives.

 

How can I start using BDSwiss’ Copy Trading?

To join BDSwiss as an Affiliate Partner, you can open a Trading Account and enable Copy Trading in the settings.

 

Is BDSwiss’ Copy Trading suitable for beginners?

Yes, BDSwiss’ Copy Trading is excellent for beginners who want to copy the methods of expert traders.

 

BDSwiss Trading Platforms

BDSwiss offers South African traders a choice between these trading platforms:

• MetaTrader 4
• MetaTrader 5
• BDSwiss Mobile
• BDSwiss Web

 

MetaTrader 4

 

MT4 is well-known for its easy-to-use interface and robust functionality. It is a popular choice among South African traders, particularly those new to trading or who prefer a more straightforward platform.

 

The compatibility of MT4 with BDSwiss’s trading circumstances, such as dynamic leverage and competitive spreads, improves the trading experience.

South Africans can easily use MT4’s comprehensive charting tools and technical analysis skills to make informed trading decisions in the unpredictable Forex and CFD markets.

 

MetaTrader 5

 

MT5 offers more advanced capabilities and is ideal for South African traders seeking a more comprehensive trading platform. It supports a broader range of trading products and periods, complementing BDSwiss’ comprehensive asset offering.

 

The combination of MT5 and BDSwiss features, such as ultra-fast execution speeds and access to deep liquidity, makes it a perfect platform for novice and experienced South African traders.

 

The improved analytical tools and economic calendar in MT5 are helpful for traders who base their strategies on fundamental and technical analysis.

 

BDSwiss Mobile

 

South African traders can enjoy convenience and flexibility with the mobile app provided by BDSwiss. The app seamlessly integrates BDSwiss’ trading conditions and capabilities, granting access to global markets from anywhere at any time.

 

Traders who must react quickly to market shifts or cannot stay at their desks greatly appreciate this feature. With a user-friendly layout and real-time data, South African traders remain up-to-date while executing transactions swiftly through the app’s interfaces.

 

BDSwiss Web

 

BDSwiss WebTrader is ideal for people who like trading straight from their web browser without downloading software.

 

It provides a streamlined trading experience while giving users access to all the necessary trading tools and features. Integrating the platform with BDSwiss’ competitive circumstances, such as tight spreads and ample leverage choices, makes it an appealing option for South African traders.

 

The WebTrader’s user-friendly interface and smooth execution suit new and seasoned traders looking for ease and efficiency.

 

Trading Platforms – Pros and Cons

 

Can I trade on my mobile device with BDSwiss?

Yes, BDSwiss has a mobile trading app for iOS and Android smartphones.

 

Can I use automated trading strategies on BDSwiss platforms?

Yes, BDSwiss supports automated trading methods on the MetaTrader 4 and MetaTrader 5 platforms.

 

Which Markets Can You Trade with BDSwiss?

 

South African traders can expect the following range of markets from BDSwiss:

• Forex
• Commodities
• Shares
• Indices
• Cryptocurrencies

 

Financial Instruments and Leverage offered by BDSwiss

 

📌Below is a detailed breakdown of the typical spreads for these asset classes.

Forex Spreads

BDSwiss offers competitive spreads on major, minor, and exotic currency pairs. The following table outlines the typical spreads for popular forex pairs:

 

CFDs – Indices Spreads

Indices are a popular choice for CFD trading due to their ability to diversify risk. Here are the typical spreads for some major indices:

 

CFDs – Stocks Spreads

CFD trading on stocks allows traders to speculate on the price movements of various companies without owning the underlying asset. Here are the spreads for some popular stocks:

 

CFDs – Commodities Spreads

Commodities such as gold, oil, and silver are common trading instruments. Here are the typical spreads for these commodities:

 

CFDs – Cryptocurrencies Spreads

Cryptocurrencies are a volatile yet popular asset class for CFD trading. BDSwiss offers competitive spreads on major cryptocurrencies:

 

Broker Comparison for a Range of Markets

 

BDSwiss Range of Markets – Pros and Cons

 

Can I trade commodities with BDSwiss?

Yes, BDSwiss allows you to trade six commodities, including precious metals and energy.

 

What is the maximum leverage offered by BDSwiss for forex trading?

BDSwiss provides a maximum leverage of 1:2000 for forex trading.

 

BDSwiss Fees, Spreads, and Commissions

 

Spreads

Spreads constitute a significant expense for BDSwiss traders. Spreads on the platform are variable, meaning they are subject to change per market conditions. Spreads on main currency pairs may be relatively narrow, presenting opportunities for trading at a reduced cost.

Conversely, spreads on less liquid instruments may be more substantial. Traders in South Africa must consider these margins, as they directly influence trading expenses, particularly for individuals who engage in significant or frequent transactions.

 

Here are some typical spreads that South Africans can expect from BDSwiss:

 

Commissions

BDSwiss assesses commissions on specific transactions, which vary according to the type of account and the instruments being exchanged. Here are typical commission fees that apply according to the account types:

 

• Cent Account – $2 on Indices, 0.15% on Shares
• Classic Account – $2 on Indices, 0.15% on Shares
• VIP Account – 0.15% on shares
• Zero Spread Account – $6 on Forex and Commodities, $2 on Indices, 0.15% on Shares

 

Overnight Fees

Positions held overnight incur these charges, also known as exchange fees. The expense differs depending on the instrument utilized and the trading direction (long or short).

South African traders who maintain positions for an extended period may accrue these charges, particularly in high-leverage transactions. Here are some typical overnight fees that South Africans can expect from BDSwiss:

 

Deposit and Withdrawal Fees

BDSwiss does not charge any fees on deposits. However, BDSwiss charges a withdrawal fee for bank wire transfers below $100.

 

Inactivity Fees

After 90 days of inactivity, there is a monthly charge of $30 or base trading account currency equivalent until the account balance is 0 EUR/GBP/USD/ZAR.

 

Currency Conversion Fees

When South African traders engage in instrument transactions or fund deposits in a currency other than the base currency of their account, BDSwiss reserves the right to assess a currency conversion fee.

This charge converts funds into the account’s base currency, which may affect the total cost, particularly for individuals who trade foreign currencies frequently.

 

BDSwiss Trading and Non-Trading Fees – Pros and Cons

 

Are there overnight fees for holding positions with BDSwiss?

Yes, BDSwiss charges overnight costs, which vary depending on the instrument and trade direction.

 

Are there any deposit or withdrawal fees with BDSwiss?

Deposits are free of charge, and withdrawals incur fees for bank wire transactions below $100.

 

Deposits and Withdrawals

 

BDSwiss offers South African traders the following deposit and withdrawal methods:

Credit/Debit card, Bank Wire, Skrill, NETELLER, Astropay, PIX, LATAM APMs, Crypto, Online Banking, EFTpayment, Ozow, Mobile Money (M-PESA, Airtel, Tigo Pesa, Vodacom, Orange), Open Banking, Globepay, UPI, GCash, PayMaya, QR Codes.

 

BDSwiss Deposit Currencies, Deposit and Withdrawal Processing Times

 

Broker Comparison – Deposit and Withdrawals

 

Deposits and Withdrawals – Pros and Cons

 

How long do deposits take to process with BDSwiss?

Most BDSwiss deposits are handled immediately, while Bank Wire can take 1-5 days.

 

How long does it take to withdraw funds from BDSwiss?

BDSwiss typically processes withdrawals within 24 hours.

 

How to make a Deposit or Withdrawal with BDSwiss

To deposit funds to an account with BDSwiss, South African traders can follow these steps:

• Begin by logging in to your BDSwiss trading account with the credentials you were issued.
• Once logged in, choose the trading account you want to fund. This is accomplished by selecting “Deposits” from the left-hand navigation menu after clicking “Payments.”
• Next, specify how much money you want to deposit into your BDSwiss account.
• For South African traders, BDSwiss provides several deposit options. From the list, select your desired method.
• Decide on the South African Rand (ZAR) as your currency: If you prefer to deposit in South African Rand (ZAR), choose ZAR. This ensures your account is funded in your local currency, saving you money on currency conversion fees.
• After you have chosen your deposit method and entered your deposit amount, click the “Proceed to Payment” option. You will be taken to the payment processing page, where you must follow any additional instructions from the selected payment source.

 

Examine all of the details of your deposit to check their accuracy. After you are satisfied, complete the transaction. Your money should have been successfully put into your BDSwiss account and is now available for trade.

 

To withdraw funds from an account with BDSwiss, South African traders can follow these steps:

• Begin by entering your login details into your BDSwiss trading account.
• Once logged in, navigate to the relevant menu within your secure client site to use the withdrawal option.
• Check that your trading account has been verified per BDSwiss’ standards before initiating a withdrawal.
• To expedite the withdrawal procedure, you must utilize the same deposit method you used to finance your BDSwiss account. This contributes to the consistency of your financial transactions.
• Enter the exact amount you want to withdraw from your BDSwiss account.
• Follow any further instructions or requirements provided by BDSwiss throughout the withdrawal process. Make sure that all the information is accurate and comprehensive.
• Submit your withdrawal request after completing the transaction and following the appropriate steps. BDSwiss normally processes withdrawals quickly.

 

How long do BDSwiss Deposits take?

BDSwiss strives for rapid processing, and deposits are typically processed promptly or within a very short period. However, the processing time may vary depending on the deposit method.

 

Can I deposit ZAR into my BDSwiss account?

You can select ZAR as your currency when depositing funds into your BDSwiss account.

 

BDSwiss Education and Research

 

BDSwiss offers the following Educational Materials to South African traders:

• Forex Glossary
• Educational Videos
• Seminars
• Learning centers
• Live Education
• Forex Basic Lessons
• Forex eBooks

 

BDSwiss also offers South African traders the following additional Research and Trading Tools:

• Currency Heatmap
• Trading Calculators
• Trade Comparison
• Trend Analysis
• Trading Central
• AutoChartist
• Real-Time Trading Alerts
• Special Reports
• Analyst financial commentary
• Live Daily Webinars
• Economic Calendar
• VPS Service

 

Research and Trading Tool Comparison

 

BDSwiss Education and Research – Pros and Cons

 

Can I access technical analysis tools with BDSwiss?

Yes, BDSwiss offers technical analysis tools like AutoChartist and real-time trading notifications.

 

What educational materials does BDSwiss offer to South African traders?

BDSwiss offers various instructional resources, such as a Forex glossary, educational videos, seminars, learning centers, and live education.

 

Customer Support

 

 

Customer Support – Pros and Cons

 

Can I get support in my local language from BDSwiss?

Yes, BDSwiss supports various languages, including English, Spanish, Portuguese, Malay, Filippino, Hindi, Indonesian, German, Italian, Greek, Thai, Arabic, French, Urdu, and Bengali.

 

Can I access BDSwiss Customer Support through their mobile app?

Yes, BDSwiss Customer Service is available via their mobile trading app.

 

BDSwiss Sponsorships

 

Through its sponsorships, BDSwiss is committed to encouraging excellence, achievement, and team spirit, which aligns with its business principles.

• As a worldwide trading services provider, BDSwiss is critical in connecting over 1.6 million people to the financial markets, assisting clients, stakeholders, and local communities in accomplishing their objectives.
• BDSwiss actively participates in local sponsorships, demonstrating its dedication to the community.
• These sponsorships highlight BDSwiss’ dedication to quality and shared ideals and its active participation in encouraging positive growth across numerous sports and communities, both locally and globally.

 

BDSwiss Web Traffic Report, Popularity, and More.

 

Traffic Sources

 

1️⃣ Total Visits	26.9K
2️⃣ Bounce Rate	36.77%
3️⃣ Pages per Visit	2.43
4️⃣ Average Duration of Visit	00:03:37

 

Countries not accepted by BDSwiss.

BDSwiss does not provide its services to the following:

Democratic Republic of Congo, Eritrea, Iran, Japan, Korea, Democratic People’s Republic of (North Korea), Libyan Arab Jamahiriya, Mauritius, Myanmar, North Korea, Seychelles, Somalia, Sudan, Syrian Arab Republic, United States / US reportable persons (e.g., Puerto Rico, U.S. Virgin Islands, American Samoa, Guam, Northern Mariana Islands, etc.), United Kingdom.

 

Are there any countries where BDSwiss does not offer its services?

Yes, BDSwiss does not provide services in the Democratic Republic of Congo, Eritrea, Iran, Japan, Korea, Democratic People’s Republic of (North Korea), Libyan Arab Jamahiriya, Mauritius, Myanmar, North Korea, Seychelles, Somalia, Sudan, Syrian Arab Republic, United States / US reportable persons (e.g., Puerto Rico, U.S. Virgin Islands, American Samoa, Guam, Northern Mariana Islands, etc.), and the United Kingdom.

 

Can South African traders access BDSwiss’ full range of services?

Yes, South African traders can use BDSwiss’ extensive variety of services and trading platforms.

 

BDSwiss vs. InstaForex vs FXOpen – A Comparison

 

BDSwiss VPS Review

 

BDSwiss provides South Africans with a powerful VPS solution that keeps forex trading platforms active 24 hours a day, seven days a week, ensuring strategies execute even when traders are offline. Co-location of MT4 servers enables faster trading and lower latency.

Benefits include executing EAs without logging in, increased virus protection, resilience to connection or power outages, and cross-platform compatibility. Prices range from €30 to €70 per month, depending on CPU cores, RAM, storage, and bandwidth.

 

What are the benefits of using BDSwiss VPS?

BDSwiss VPS offers advantages such as faster trading, lower latency, excellent virus prevention, and resilience to connection or power failures.

 

What is the cost of the BDSwiss VPS service?

BDSwiss VPS costs between €30 and €70 per month, depending on the package chosen.

 

Trading Signals

 

BDSwiss provides an excellent trading signal service for South African VIP and Zero Spread account members. These real-time trading alerts, available via a dedicated Telegram channel, are invaluable for making informed financial decisions.

To obtain these alerts, customers must first download Telegram and then request access to BDSwiss’ VIP Alerts Telegram Channel. This gives you access to insights from a team of experienced experts.

 

BDSwiss analysts are highly experienced and constantly analyze market changes. They distill their extensive research into daily trading alerts, providing clear “buy” or “sell” recommendations and expediting decision-making.

Frank Walbaum, a market analyst at BDSwiss, is a well-known expert in trading and portfolio management. His views encompass forex, precious metals, commodities, and global equities, and he specializes in technical analysis, particularly in Asian markets. Frank leads daily webinars in English and German for BDSwiss clients only.

 

Traders choose BDSwiss trading notifications because they are delivered in real-time via Telegram, making market monitoring easier. They do not require complex analysis, making them accessible to all traders. These warnings also include entry and exit levels, which increases their utility.

BDSwiss has a public record of previous alerts, demonstrating their usefulness. This transparency enables traders to evaluate past performance and develop trust in BDSwiss’ services.

 

To summarise, BDSwiss’ trading signal service provides South African traders with real-time insights, allowing them to navigate financial markets and effectively achieve their investing objectives.

 

Are BDSwiss Trading Signals available for all markets?

The markets covered by BDSwiss Trading Signals include currency, precious metals, commodities, and global equities.

 

Is there a record of past BDSwiss Trading Signals?

Yes, BDSwiss keeps a public record of previous alerts for transparency and performance evaluation.

 

Our Experience with BDSwiss

Our experience with BDSwiss has been extensive, catering to a wide range of trading preferences and styles.

In our experience, the platform’s comprehensive range of financial instruments, which includes FX, commodities, indices, and cryptocurrencies, allows for significant portfolio diversification.

Furthermore, combining these products with competitive trading conditions from BDSwiss, such as dynamic leverage and tight spreads, improves the trading experience. In addition, BDSwiss’ regulatory compliance across various jurisdictions instills a sense of trust and security in traders, which is critical.

 

BDSwiss Trading Platform

According to our findings, the BDSwiss trading platform, which includes MetaTrader 4 and MetaTrader 5 and the proprietary BDSwiss WebTrader and Mobile App, provides a varied trading experience.

MetaTrader 4, noted for its user-friendly interface, is ideal for beginners and intermediate traders, while MetaTrader 5 provides extensive capabilities for more experienced traders.

 

The simplicity of the BDSwiss Mobile App allows traders to manage their transactions and watch the markets while on the road.

In addition, the platforms are tightly integrated with BDSwiss’ trading conditions, allowing for seamless execution and real-time market analysis, which are critical for making educated trading decisions.

 

Quality of Customer Service

In our experience, BDSwiss’ customer service has been satisfactory, with support in many languages.

Overall, we found that response times are fast, and the support personnel is informed and friendly. Nevertheless, there is room for improvement, particularly in offering more personalized support and expanding customer care hours.

 

In addition, BDSwiss’ instructional resources and market analysis are noteworthy and bring great value, particularly for beginner traders who are still learning the ropes of trading.

 

BDSwiss Customer Reviews

🥇 Excellent Support!

BDSwiss specializes in quickly making help available to clients, enhancing the overall experience. My experience with their support personnel was great; they were attentive to my inquiries. The encounter with their customer support was smooth and easy. Furthermore, their mobile app has a user-friendly UI that works well on various platforms. My heartfelt thanks to BDSwiss for providing such an exceptional experience. – Themba Smith

 

🥈 Great Choice.

I’m pleased to report that BDSwiss has rectified my problem. Even though it took a few days, the conclusion gave me enormous delight. I want to thank the entire BDSwiss team for their devotion and hard work in addressing the issue. – Mia Swart

 

🥉 Happy Customer.

My live chat encounter with BDSwiss left an indelible impression on me. The assistance supplied through this channel was beneficial and reasonably prompt. The politeness and thoroughness with which I was assisted made for a smooth and delightful contact. – Thabo Jansen

 

Recommendations according to our in-depth review of BDSwiss

Recommendations according to our in-depth review of BDSwiss:

• While BDSwiss offers instructional materials, providing more advanced and region-specific educational information could better prepare South African traders to navigate global and local markets.
• Extending customer service hours and providing more localized support in South African time zones and languages would enhance the overall customer service experience.
• BDSwiss would be more competitive if trading and non-trading expenses, including spreads, commissions, and currency conversion fees, were reviewed and reduced.
• Finally, Creating a more active trading community centered on the South African market through forums, local events, or webinars could promote community and networking possibilities for traders.

 

Pros and Cons of Trading with BDSwiss

 

Because leverage can magnify gains and losses, it should be cautiously utilized. Before trading, South African traders should consider their risk tolerance, financial status, and investment objectives. Seek competent assistance and completely educate yourself about trading concepts.

Past performance does not predict future outcomes. Always trade with caution and only with money you can afford to lose.

Addendum/Disclosure:  No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all South African investors.

Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.

 

Conclusion

In our experience, BDSwiss touts itself as a dependable and adaptable trading platform well-suited to the South African trading community. Its strengths include its extensive choice of financial products, including forex, commodities, indices, and cryptocurrencies, and catering to a wide range of trading preferences.

 

According to our findings, the platform’s regulatory compliance across various jurisdictions, including FSCA, FSC, FSA, and MISA, instills trust and trustworthiness.

 

In addition, the availability of both MetaTrader platforms and BDSwiss’ proprietary WebTrader and Mobile App provides flexibility and simplicity, catering to various degrees of trading experience and trading styles.

 

Furthermore, BDSwiss offers a ZAR-denominated account, local deposits and withdrawals, and the ability for South Africans to transact in local currency, exempting them from expensive currency conversion fees.

 

BDSwiss offers a diversified portfolio of education, research, and trading tools, ensuring that South Africans can learn continuously and make informed trading decisions.

 

You might also like: FBS Review

You might also like: AvaTrade Review 

You might also like: Doo Prime Review

You might also like: Exness Review

You might also like: XLibre Review 

 

Frequently Asked Questions

 

What is the customer support like for BDSwiss South Africa?

BDSwiss provides customer service in various languages, including English, Spanish, Portuguese, Malay, Filippino, Hindi, Indonesian, German, Italian, Greek, Thai, Arabic, French, Urdu, and Bengali. However, they do not have a South African phone number for help.

 

What types of trading does BDSwiss South Africa offer?

BDSwiss provides a variety of financial CFD instruments, such as currencies, equities, commodities, indices, and cryptocurrencies.

 

Is BDSwiss Safe or a Scam?

BDSwiss is a safe broker for South Africans.

 

What types of accounts does BDSwiss offer?

BDSwiss offers four retail trading accounts: Cent, Classic, VIP, and Zero Spread. Each has unique features and a minimum deposit of $10 to $250.

 

Does BDSwiss have Nasdaq 100?

Yes, BDSwiss offers Nasdaq under the symbol “NAS100.”

 

Is BDSwiss regulated?

BDSwiss is regulated in South Africa, Mwali, Seychelles, and Mauritius.

 

Can South African traders open an account in ZAR?

Yes, South Africans can open a ZAR account with BDSwiss.

 

How long does it take to withdraw from BDSwiss?

Withdrawals can be instant or may take 1-5 working days to execute.

 

What platforms are available for trading with BDSwiss South Africa?

BDSwiss is compatible with various trading platforms, including MT4, MT5, WebTrader, and the BDSwiss mobile app.

 

Does BDSwiss South Africa offer educational material?

Yes, BDSwiss offers a variety of instructional materials, such as a learning center, Forex eBooks, live education, fundamental Forex lessons, a Forex glossary, educational films, and seminars/webinars.

 

References

BDSwiss Account Types. BDSwiss

BDSwiss Sponsorships. BDSwiss

BDSwiss SA (PTY) LTD. FSCA

BDSwiss Fees. BDSwiss