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  • You can trade indices with more than 10+ of the world’s major stock indices are available, with competitive trading conditions.
  • An XRP break above the $0.6354 resistance level would support a move to the $0.65 handle.
  • Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
  • Andreas is super helpful and I’m thankful to have him as my account manager.

Choose to receive daily market information from your favourite assets in your inbox. As the day develops, this function can convey early warnings of potential trading opportunities. Autochartist can automatically display a forecast zone of projected price levels. This provides insight into the volatility of various assets, indicating which are more or less volatile.

Is BDSwiss a safe broker?

BDSwiss Forex is a legitimate brokerage firm in the financial industry. It operates under the authorization and regulation of various entities. BDS Markets is authorized and regulated as an Investment Dealer by the Financial Services Commission (FSC). Additionally, the Financial Services Authority (FSA) in Seychelles also authorizes and regulates BDS Ltd. BDSwiss has consistently earned recognition for the quality and innovation of its trading products and services. Prestigious awarding bodies within the industry have acknowledged its excellence.

When trading cryptos as CFDs, traders do not have to worry about crypto wallets or how to cash out profits. CFD trading as mentioned previously, means that you as a trader do not actually own the asset, but you can make money from short or medium-term volatility. As mentioned above, they show the performance of certain markets or industries. Even if traders do not trade indices as CFDs, they still keep bdswiss forex broker review an eye on them to figure out the state of the market. For instance, if you are going to purchase a US Dollar against Canadian Dollar, it would be a good idea to take a look at whether the US500 index is in a downtrend or in an uptrend. The uptrend market is an indication that the US economy is doing well as the US500 (S&P 500) follows the performance of the top 500 US companies’ publicly traded stocks.

There are also personal account managers, complimentary product walk-throughs and live market analysis by experienced market analysts. BDSwiss arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount is $100, in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$.

Withdrawals are to be executed using the same method employed for funding the trading account. This means that funds will be returned to the initial deposit method. BDSwiss commits to processing all withdrawal requests within 48 working hours. Clients should log in to their Client Portal and follow the prescribed procedure to initiate a withdrawal. For protection against fraudulent activities, the platform requires that clients complete the KYC (Know Your Customer) process, which includes providing the necessary documentation for account verification.

Customer Service Rating

The main difference is that the account has many more tradable instruments. There are no commissions charged, however, traders will pay spread markups from 1.5 pips. Anthony Gallagher is a financial journalist and forex expert with years of experience in the industry.

Forex Fraud Certified Brokers

Autochartist is available to all traders and represents a valuable research tool. The head of the BDSwiss research team provides high quality market insights. To do a range of calculations when you are in a hurry or if you are just not a fan of maths, you can use the handy Forex calculator. These can help you to prepare your trades and confirm money management.

MT4 is free to download for desktop and available as a mobile app on both Android and iOS. This is useful for those of you who need to trade on the go from anywhere in the world with an internet connection. I find myself constantly checking my trading apps to keep track of my positions. BDSwiss do not hold client funds in the same bank accounts as the company. They are segregated in top tier banks to ensure that they cannot be used for any other purpose such as operational costs. Client funds should be readily available to withdraw in a prompt and efficient manner.

How to open Trading Account?

The minimum initial deposit required to open a live account is only $10. The broker provides a wide range of educational material and good customer support. BDSwiss offers a good selection of over 1,000 trading instruments from multiple asset classes such as forex, commodities, cryptocurrencies, shares, indices, and ETFs. In addition, BDSwiss provides multiple trading platform options such as MT4, MT5, and proprietary BDSwiss WebTrader and mobile apps.

BDSwiss welcomes clients from all over the world, although they cannot accept traders from the UK, USA, Europe and some OFAC sanctioned countries. If your country is not accepted, please feel free to browse our broker reviews for some other options. A multilingual customer support that is available 24/5 is easily reached via e-mail, webform, phone, WhatsApp, Telegram, or live chat; a callback option is also available. In general, BDSwiss comes across as a well-managed brokerage, and traders are unlikely to require assistance. In case the need does arise, this broker has made accessibility a high priority.

BDSwiss Classic and VIP account fees are included in the spread spreads, and commissions are charged when conducting trade and vary according to the account type you select. If you are a trader of bigger size and the one prefer a commission basis, then Raw Account is your choice. The Raw account offers an interbank spread and commission paid per transaction opening, 5$. To get a closer look, check below the comparison of the most popular assets applicable to the BDSwiss Classic Account type. At the same time, the broker himself mentions that Classis spread is starting from 1.5 pips and VIP feature lower conditions with a spread from 1.1 pip.

Currency Heatmap

In addition, we’ll guide you through the live account opening process in detail. The next area which sets the broker apart is their dedication to providing you with a top-quality educational experience with something useful to fit all levels of trader. This, on top of the detailed and insightful research section that the broker provides, works to set the standard for many other brokers in the sector.

The first step towards registering is completing its registration form, which will request your first and last name, country where residing, telephone number, email and password, agreeance to its terms and conditions. The next step will requiring selecting a real or demo account followed by the completion of your profile, which includes entering your date of birth, your address, city, postal code, region, country and nationality. Lastly, all traders are required under the regulations that govern BDSwiss to provide verification documents before being able to fund their account and begin trading. Autochartist, an integrated completely automated technical analysis programme, is also available to BDSwiss clients. This programme searches the market for trading opportunities 24 hours a day and provides you an alert when it finds them. It can scan all markets across several timeframes for you, saving you time.