For those of you who are in the world of Forex, both beginner and experienced forex players and are looking for a new forex broker, I highly recommend trying forex trading at trusted BDSwiss.
In this article I will try to fully review BDSwiss and after that you can compare with similar brokers. Even though BDSwiss is based in Switzerland, the BDSwiss website also seems to support Indonesian, and this proves that BDSwiss wants to serve forex players in Indonesia well.
About Forex BDSwiss
BDSwiss was first established in 2012 in the Zurich region, to be precise in Kilchberg. It is the leading financial institution in Europe that trades Forex and CFDs, and it also supports Crypto trading. BDSwiss LLC is licensed and registered with the US National Futures Association NFA, CySEC (EU) and FSC investment dealers.
BDSwiss is part of a well-known Group of companies such as Holding plc, BDSwiss LLC, BDS Markets and BDSwiss GmbH. Currently BDSwiss already has more than 1 million registered users, and handles more than 30 billion average FX volume per month, and 10 million transactions are processed annually. Apart from that, they also have about 16 thousand affiliates all over the world and pay commissions of € 1.5 million per month.
You can immediately register to trade with BDSwiss via the link below, using the link below, you can start trading with only $ 10, if you go directly to the BDSwiss site, the minimum deposit is $ 200.
$ 10/ min BDSwiss Forex Broker, Min Deposit $ 10, Min Trade 0.01 Lots, 1: 500 Laverage, 0.3 Pips Spread BDSwiss Reg
The first thing we need to look at is what trading platform BDSwiss uses, and when you take a look at the BDSwiss website, you will find several platforms that you can use to start trading.
BDSwiss 4 choices of trading platforms such as: BDSwiss Webtrader, MT4, MT5 and also BDSwiss Mobile App. You can trade CFDs or forex on BDSwiss easily using this choice of platforms. In fact, BDSwiss has received two special awards for “Best Trading App” consecutively during 2018 and 2019.
BDSwiss accepts traders from various countries such as Indonesia, Australia, Thailand, Canada, UK, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.
BDSwiss full range of training available on their website in the form of videos. They provide a very comprehensive range of forex learning materials for beginners, intermediate and advanced levels.
Apart from that, there are webinars which are held every day live and there are also recorded video webinars that you can access anytime. They also provide Quizzes as an added feature and this is great for testing your trading knowledge and confirming that you are ready to start live trading. There is also an analysis of various aspects that are shared every day, so you don’t need to worry when trading on BDSwiss.
To improve your trading skills, BDSwiss also provides a demo account, it is intended that you can learn all about the BDSwiss platform. This free and risk-free demo account with virtual funds that you can use for trial and study for € 10,000 is perfect for both novice and experienced Forex / CFD traders.
With the BDSwiss demo account, it is hoped that you will seriously learn to use BDSwiss’s excellent trading services and platforms without any risk before you actually jump into using a real account.
The BDSwiss account provides 3 different types of accounts, each of which has varying spreads, and here are the types of accounts that you can choose for trading, namely:
- BDSwiss Classic : This account type is a standard account for retail traders
- BDSwiss VIP : This account type is suitable for pro traders. Islamic trading is also available if needed.
- BDSwiss Raw : This account type is the most popular offering used by traders.
Once you have opened your BDSwiss account you will be able to view all the different trading hours for the asset in the Market Overview section of the platform.
Assets / Market
You can trade various asset classes on BDSwiss, including Forex, commodities, indices, stocks and cryptocurrencies. If you want to trade the forex market, you can choose from all the major currency pairs CFDs, most minor currencies and a number of BDSwiss terms called “exotic pairs”. There are more than 50 currency pairs to choose from.
The platform offers more than five commodity CFDs, including gold, natural gas and oil. More than 140 equity pairs are available, from the four most popular international stock exchanges. Various index and cryptocurrency pairs are also available.
The list of available assets increases with BDSwiss, and you can check the entire range of asset classes after registration.
A very simple example of forex currency trading is if you choose the EUR / USD pair, which is one of the major currency pairs. If you are quoted a price of 1.10 for the EUR / USD pair, this means you are buying 1.10 US dollars for 1 euro.
If the price then changes to 1.20, this is an indicator that the dollar has weakened against the euro. If you take a buy position on the euro against the US dollar you will profit from the trade. The purpose of any forex trade is to anticipate an increase or decrease in a currency in order to profit from selling or buying.
Spreads and Commissions
Forex pairs and indices are listed according to the spread on the financial market. The spread refers to the difference between the bid price (which is what you pay for the asset) and the ask price (which is what you get when you sell).
Different assets have different spread values, which are valued by pip values. You will not pay trading fees or commissions on most trades with BDSwiss, instead trading fees are charged in the spread. The spread changes throughout the day and is subject to market conditions and volatility.
A small commission (0.1%) is charged for trading CFD shares as well as when you trade the following day.
Each account type has different average spreads. These are the Classic, VIP, and Raw accounts with the RAW spread account being the most popular on BDSwiss, although commission fees may apply.
When you open an account with BDSwiss, you can choose your preferred trading currency, including UK £, US $, Euro, Kr Danish or Swiss CHF. The platform offers a variety of ways to deposit or withdraw cash, including bank transfers, credit or debit cards, Skrill and Sofortüberweisung. There is no limit to the amount of cash that can be deposited or withdrawn, although a EUR 10 fee will be applied for bank transfers under EUR 100 and the minimum withdrawal allowed by bank transfer is EUR 50, including the EUR 10 fee.
BDSwiss provides complete customer support, you can contact them through several ways and they include a forex broker which makes it easy for their customers to provide support through various ways such as: WhatsApp, Telegram, Email, Live Chat and even Callback.
Especially for Live Chat, the support section is available from 09.00 to 23.30 and five days a week. You can also email the platform via the contact form or at [email protected]
Client safety and security and fraud prevention are important to BDSwiss. All new clients need to send proof of identity before being allowed to access the platform. Accounts are password protected and BDSwiss guarantees all customer details are encrypted and kept confidential. No third party can access client data. The payment process is also very safe because the BDSwiss website uses SSL encryption and ensures that every registration and transaction process in your browser is safe.
Finally, a trusted forex broker BDSwiss offers a wide range of equities and commodities for traders. Retail traders looking for a higher level of leverage than those available under ESMA regulations will be very impressed with the margins offered by the BDSwiss platform.
The platform is relatively easy to use and regular trader seminars are a very useful feature for clients who wish to learn more about day trading. This site offers a useful charting function for trading, either in Candlestick or Line format and you can choose to add an indication of your own choice, from the wide selection available on the website. Forex traders will also find platforms that offer many powerful features for technical analysis and decision making.