Overview of BDSwiss Forex Trading Broker

Apart from providing quality binary options trading service, BDSwiss also offers Forex/CFD account to the concerned traders. There is one type of Forex or CFD account without any kind of distinctions and gimmicks.

The brokerage firm offers tighter spreads and the leverage ratio can be as high as 500:1. This trading feature is available with a minimum deposit of $100 or €100 that can be deposited using wire transfer, credit/debit card or any other popular mode of payment.

It hardly takes more than 10 minutes to set up the trading account without any tedious documentation process.

The broker BDSwiss offers a wide range of different assets that include equity Currency Pairs, Indices, Forex, Oil, Gold, Commodities and Stocks. Most of the instruments are offered for trade as CFDs.

CFD or Contracts for Differences providers the traders with all kinds of benefits of owning a particular commodity position, index or stock – without having the need to own the instruments itself. This, in turn, enables the clients to trade the price change of multiple equity markets and commodity with leverage and immediate execution. The trader enters into a CFD contract at a quoted price and the difference between that price and price when the trade position is closed is settled as cash amount. That is why the name is given “Contract for Difference” or CFD.

The BDSwiss broker also provides commission free trade to the customers with the sole exception of stock CFDs that includes a commission per trade of 0.1 percent. Spreads on individual trade can be charged as low as 1.2 pips on the benchmark currency pair of EUR/USD.

How to Place a Trade on BDSwiss’ WebTrader Platform

As far as Forex trading is concerned, leverage ratio up to 500:1 is charged by the broker. For indices and commodities, the leverage can be as high as 100:1 and for individual stocks, it is 100:1. Generally, the leverage is expressed in terms of percentage or ratio. But this particular broker applies dollar minimums as leverage against individual stocks, indices and other soft commodities. If you find this confusing, then you need to understand that the net result is almost identical to the usual margin requirements for these kinds of financial assets by other Forex brokers within this industry.

BDSwiss offers Forex demo account facility to all the new traders or any other customers who want to practice new trade strategies before jumping to real time trading in FX environment. The “Paper Trade” can be extremely beneficial as a test run before going live with Forex trading.

This Forex broker offers two major trade platforms to the traders namely MetaTrader 4 and WebTrader. The latter one is regarded as the most popular one for its features of “trading cubes” that can expedite trade executions. Also, it offers a “visual trends” chart tool that allows the traders to assimilate the major market trends at one place.

The BDSwiss Forex broker review is incomplete without discussing the wide range of 35 individual equities available to trade. Apart from that, the broker also offers a different range of commodities that include wheat, sugar and corn.

Features

It is to be noted that BDSwiss is a gimmick free financial broker that offers concrete as well as a useful set of features that one expects from a legitimate and competent broker. Some of the different features offered by the brokerage firm include best trading platforms, different asset index, mobile trading, education section on their official website that includes detailed information on popular financial topics and an economic calendar that highlights all the important events.

Bonuses and Promotions

At the moment, BDSwiss Broker does not offer any kind of bonus and special promotions regarding Forex/CFDs trading to its customers. This could be interpreted as a sign that the broker is more focused on providing quality service to its traders instead of any kind of gimmicks.

Deposits-Withdrawals

One can deposit funds in several payment methods like for instance electronic wire transfer, Skrill or debit/credit card. One can withdraw money from their trading account through electronic wire transfer.

Regulation

The BDSwiss broker is having its headquarters at Cyprus and is regulated by CySec (Cyprus Securities and Exchange Commission). From time to time, the broker submits its financial report to this regulatory body for moderation and review.

All the accounts of the clients and customers are segregated and reviewed on a daily basis.

Investor Compensation Fund Policy

It is to be noted that BDSwiss is a member of “Investor Compensation Fund for Customers of Cyprus Investment Firms” and other Investment Firms that are not credit institutions, which was set up under the Investment Firms Law 2002.

The main objective of the Funds is to secure the claims of covered customers against members of the fund by payment of compensation for claims arising from covered services provided by the members as long as the member fails to fulfil its obligations have been ascertained.

A maximum amount of EUR 2,000 is provided as compensation money by the fund to any qualifying retail client.

Conclusion

To sum up; BDSwiss is one of the rock-solid Forex brokers you can find on the internet to trade Commodities, Indices, Currency Pairs or CFDs online. So we recommend you to go ahead with this broker without any hesitation.