BDSwiss is a registered trademark of BDSwiss Holding Plc. that is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers more than 130 financial assets for trading including currency pairs, commodities, bonds and indices. It claims to have over 500,000 international clients. Clients can trade with MetaTrader 4 (MT4), one of the most popular trading platforms available in the industry.
BDSwiss provides three main account types intended for different kind of traders:
- BDSwiss Basic account doesn’t require a minimum deposit, its spreads start from 1.3 pips and the maximum leverage could be 1:1000;
- BDSwiss Bonus account requires USD500 as a minimum deposit, the average EUR/USD spread is 1.5 pips and the maximum leverage could be 1:500. Clients of this type account receive 25% bonus;
- BDSwiss Black account requires a minimum deposit of USD10,000 but provides an average EUR/USD spread of 1.0 pips and the maximum leverage of 1:500. There are no commissions here.
The maximum offered leverage is 1:1000 and this could increase the risk of loss. However, there is negative balance protection and clients cannot lose more money than they have in their account. This broker closes all positions when the equity falls below 20% of the necessary margin. Company claims withdrawals are processed free of charge unless the client has more than USD100 in its account and it withdraws less than USD100.
Traders should know there is slippage and their pending orders could be executed at a different than expected price. Slippage usually occurs during periods of high volatility (news announcement, economic events and so on.) Stop Loss and Take Profit orders are non-guaranteed. General Terms and Conditions document informs that all clients’ orders are transmitted for execution to the liquidity providers of company and BDSwiss is notВ a counterparty of any deal. That means it acts as a Straight-through processing or STP broker that collects its profit from the spread only and not from clients’ losses. There are some useful tools in the website such as economic calendar, news, blog and education materials.