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BDSwiss Review

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

Published August 16, 2022
Last modified September 12, 2022
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. T&Cs Apply. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary BDSwiss Mobile and WebTrader apps. BDSwiss demonstrates good order execution statistics (which the broker publishes monthly), produces quality research, and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders.

BDSwiss
starstarstarstarstar_border Overall
  • Minimum Initial Deposit: $100-$5000 (depending on account type)
  • Trust Score: 83
  • Tradeable Symbols (Total): 1081

thumb_up_off_alt Pros

  • Multiple available platforms, including its BDSwiss Mobile and WebTrader apps, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
  • BDSwiss’ Triple Zero account, launched in February 2022 and available to new clients outside the EU, features all-in pricing close to zero pips (for 12 month promo period). Average spread data is not available.
  • Daily Videos market coverage series is created by in-house staff.
  • Acts as an agency broker, demonstrating balanced slippage with no requotes or order rejections (execution statistics are published monthly).
  • Offers Autochartist and proprietary Trends Analysis.
  • Trading signals and real-time alerts are available via the BDSwiss Telegram channel.
  • RAW account has lower spreads and commissions (though it requires a $5,000 deposit).
  • VIP clients gain access to the Premium version of Trend Analysis, with 500 trend patterns.

thumb_down_off_alt Cons

  • Though it does complement the full MetaTrader suite, BDSwiss’ proprietary mobile app is fairly basic.
  • Beginner’s educational content lacks a progress-tracking feature.
  • Spread of 1.6 pips on the EUR/USD for its Classic account is expensive, despite the good execution statistics.
  • Does not permit scalping.
  • The FCA has directed the broker to stop offering CFDs to U.K. clients after its marketing practices drew regulatory scrutiny.
  • BDSwiss’ 10% inactivity fee, charged after 90 days with no trading activity, is very steep.

Overall summary

Feature BDSwiss logoBDSwiss
Overall Rating starstarstarstarstar_border
Trust Score 83
Offering of Investments starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border
Platform & Tools starstarstarstarstar_border
Research starstarstarstarstar_border
Mobile Trading starstarstarstarstar_border
Education starstarstarstarstar_border

The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test.

Is BDSwiss safe?

Trust Score
83
ForexBrokers.com

BDSwiss is considered average-risk, with an overall Trust Score of 83 out of 99. BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by one tier-2 regulator (average trust) and one tier-3 regulator (low trust). Learn more about Trust Score.




Feature BDSwiss logoBDSwiss
Year Founded 2012
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 1
Tier-2 Licenses 1
Tier-3 Licenses 1

BDSwiss platforms and tools



Is BDSwiss UK regulated?

Yes, BDSwiss holds several regulatory licenses across the globe, including in the United Kingdom (U.K.) with the Financial Conduct Authority (FCA). However, BDSwiss’ services are temporarily on hold in the U.K., due to a restriction put in place by the regulator that prevents BDSwiss from accepting U.K. residents (at least for the time being).

That being said, BDSwiss holds multiple regulatory licenses throughout the EU, including from Cyprus where it is authorized by the Cyprus Securities and Exchange Commission (CySEC). It is also regulated as a Tied Agent under its German entity, and is passported across the EU (and outside of the EU into Switzerland). The brand also holds an offshore regulatory license from the island nation of Mauritius.

What is the minimum deposit for BDSwiss?

The minimum deposit at BDSwiss will vary depending on your chosen account type. The broker’s VIP account requires a $3,000 minimum deposit and its Raw account requires $5,000, while the Classic account’s minimum first deposit of $100 (or currency equivalent) may vary depending on your country of residence and if you were referred by a third party.

What happened with BDSwiss in the UK?

In May of 2021, the FCA cited BDSwiss for prohibited marketing practices originating from certain of its affiliates and social media influencers, and required that the broker halt doing business in the U.K. and refrain from marketing to U.K. residents until a number of outstanding items are rectified by the broker, as per the FCA announcement.

In a nutshell, the FCA has imposed rules which restrict the marketing and sale of CFDs to retail consumers, and the FCA believes that BDSwiss - via some of its affiliates - broke those rules.

BDSwiss partnered with affiliates that marketed referrals to retail traders, and in the process they largely referred them to BDSwiss’ overseas firms that don’t provide FCA protections. Essentially, this means that U.K. consumers were being encouraged to open accounts with a broker they associated with the FCA, but did not receive the protections that should be afforded by an FCA-regulated broker.

According to the FCA, “almost 99% of them were referred to the Overseas Firms, meaning the clients did not benefit from the protections afforded to consumers dealing with an authorized firm.” Additionally, BDSwiss’ affiliates marketed trading signal providers, and in doing so they “frequently fail(ed) to mention that the underlying financial instruments being recommended are CFDs.”

Post-Brexit note: Leading up to Brexit, many brokers in the EU that were previously passported under MiFiD in countries such as the U.K. had to either obtain a full registration with the U.K. post-Brexit, or operate under a Temporary Permission Regime (TPR) to give them time to become regulated or exit the U.K. altogether. BDSwiss is still operating under the TPR in the U.K.


2022 Review Methodology

For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

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About the Author

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).


John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.


Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.


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