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BDSwiss was founded in 2012 in Cyprus and has managed to increase its customer base to 1.5 million registered users, and now executes over 55 million orders each year.
BDSwiss is authorized and regulated by the Financial Services Authority (FSA) of Seychelles with the FSA license number SD047.
There are around 250 assets available for trading with this broker, including currency pairs, commodities, indices, crypto derivatives, and CFDs on stocks.
In order to meet the requirements of different trading styles and different traders, the broker offers the following account types: Cent, Classic, VIP, and Raw. In addition, demo and swap-free accounts (Islamic accounts) are also available. In this article, we’ll discuss the Raw account type in detail and help you determine if it’s the right trading account for you.
The raw trading account offered by BDSwiss has the lowest spreads. Spreads on EUR/USD start from as low as 0.3 pips. On the other hand, the broker charges commissions to its clients:
This account type is best suited for active traders due to the lowest spreads. Traders that place multiple orders prefer to pay higher commissions and save on spreads, as typically they open and close trades within a day.
The account type is best suited for the following trader types:
You should avoid opening a Raw trading account if you are:
Both position traders and swing traders prefer low commissions to low spreads because they trade less often.
BDSwiss offers two account types for professional trading. However, they both are radically different from each other. As already mentioned, the Raw account type is for active traders, and the VIP account type is best suited for swing and position traders. Let’s take a look at a comparison table below to learn more:
Account types | VIP account | Raw account |
---|---|---|
Minimum Deposit | 500 USD | 500 USD |
The average spread on Euro vs USD | 1.1 pips | 0.3 pips |
Commissions per round | $0 on all pairs $0 on indices & 0.15% on CFDs on Stocks | $5 on all pairs $5 on commodities $2 on indices & 0.15% on shares |
Available leverage | Up to 1:500 | Up to 1:500 |
Available Assets | Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs | Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs |
Margin Call at | 50% margin level | 50% margin level |
Stop Out at | 20% margin level | 20% margin level |
Instant Withdrawals | Yes | Yes |
Platforms | WebTrader, Mobile App, MetaTrader 4, MetaTrader 5 | WebTrader, Mobile App, MetaTrader 4, MetaTrader 5 |
Trading Alerts | VIP Access | VIP Access |
Autochartist Performance Stats | available | available |
Personal Account Manager | available | available |
Islamic Account version | Yes | No |
VIP Webinars | Yes | Yes |
To sum everything up, BDSwiss offers various account types to meet the needs of different traders. Traders will find the best conditions on VIP and Raw trading accounts. However, these accounts are wildly different from one another. The Raw account is best suited for day traders, scalpers, algorithmic traders, and high-frequency traders, while the VIP account is preferable for swing and position traders. Raw trading accounts offer the lowest spreads. On the other hand, there are commissions of 5 USD per round on currencies and commodities and 2 USD per round on indices. Commissions on CFDs on Stocks are 0.15%.
Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.