BDSwiss review – a broker with a variety of account types
Written by:
Written on:
8 February 2023
Last edit:
10 August 2023
Our rating:


BDSwiss review – a broker with a variety of account types
Written by:
Written on:
8 February 2023
Last edit:
10 August 2023
Our rating


Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
See how BDSwiss compares to it's closest alternatives.

Main summary

BDSwiss is an international broker offering financial services to more than 1.5 million registered trading accounts. With this broker, traders have access to trading Forex, commodities, indices, cryptocurrencies, and shares as CFDs.

BDSwiss is authorized and regulated by the Financial Services Authority of Seychelles. It’s worth mentioning that the regulator is not a strict one, and there’s no other regulatory body that supervises the broker.

What sets BDSwiss apart from the competition is the variety of account types it offers. There are many different types of traders and to meet the needs of all sorts of investors, the broker offers four types of accounts: Cent, Classic, Raw, and VIP.

Let’s dive deep and find out more about this broker. We’ll discuss regulations, trading software, support, assets offered, and more. In addition, we’ll guide you through the live account opening process in detail.

Here are the 6 pros and cons:

  • Cent account and 10 USD initial deposit requirements
  • Offers access to MetaTrader 4, MetaTrader 5
  • Fast and digital account opening/verification
  • Offers access to over 250 trading assets
  • Number of regulators is limited to only Seychelles
  • Inactivity fee 10% of trading balance per month after 9 months of inactivity

BDSwiss Fact sheet

Main features
Regulations Seychelles
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 10% of the trading balance per month after 9 months of inactivity
Minimum deposit 10 USD
Minimum account activation 10 USD
Number of available assets 250
Leverage up to 1:500
Available trading markets CFDs on Stocks, Commodities, Cryptocurrencies, Forex, Indices
Account currencies EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK
Demo account Yes
Live account types Cent, Classic, Raw, VIP
Islamic account Yes
Negative balance protection Yes
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Forex 51
Shares 0
Cryptocurrencies 31
Indices 11
Commodities 7
Total 250
Fees & spread
Forex From 0.00016
Shares N/A
Cryptocurrencies From 0.00125
Indices From 0.34
Commodities From 0.045
Platforms MetaTrader 4, MetaTrader 5
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, Neteller, Skrill, Sofort, iDeal
Minimum deposit Bank Transfer, Credit/Debit Card, Neteller, Skrill, Sofort, iDeal
Minimum withdrawal Bank Transfer, Credit/Debit Card, Neteller, Skrill, Sofort, iDeal
Withdrawal processing time Instant
Time to open an account 2
Show all

Safety & Security of BDSwiss

Safety and security of your broker should be the first priority when selecting a financial service provider. 


If a broker is regulated and authorized by a trustworthy financial regulator, it means that the broker can be trusted. 

BDSwiss is regulated by the Financial Services Authority of Seychelles (FSA). As this regulator is not very strict, it decreases the trustworthiness of the broker. 

Policies that BDSwiss follows

BDSwiss keep clients’ funds in segregated accounts, which is something that increases the level of safety. It means that the funds are not mixed with the broker's account and even if the company goes bankrupt, traders can withdraw money from their own accounts.

BDSwiss provides negative balance protection to its clients’ accounts. Because CFD trading is a highly leveraged activity, traders can lose more money than what’s on their trading accounts. To prevent this from happening, the broker uses automatic Stop Out levels. For each account type, stop-out levels are set to 20%, and even if the broker fails to protect your trading balance from going negative, you can contact support agents, and they will turn your negative account balance back to 0 without any charge.

Trading assets offered by BDSwiss

Forex51 available pairs
Stock CFDs134
Cryptocurrency CFDs31
Index CFDs11
Commodity CFDs7
Total tradable instruments250

BDSwiss offers access to about 250 tradable assets through different asset classes, including Forex, commodities, indices, cryptocurrencies, and shares as CFDs.

CFDs stand for Contract For Difference, and traders exchange them to get short-term benefits. CFDs are not generally used for long-term investing, however, they are the primary choice for speculating on short and medium-term prices. What’s great about CFDs, is that traders do not own them, and therefore, trades can be placed in both long and short directions. In other words, when you trade a stock CFD, for example, you can short-sell the stock and get benefits when the market’s going down. Physical stocks, on the other hand, are only profitable when investors buy low and sell high. CFDs are a better choice for speculating the markets, however, physical commodities and stocks are preferred for long-term investing as they don’t have rollover fees or additional expenses. 

Each trading asset class offered by BDSwiss has its fees, maximum leverage available, as well as other differences. Let’s discuss them in detail. 

Forex trading on BDSwiss

There are 51 Forex pairs offered by this broker and includes all majors, many minors, and some exotics. Major pairs are currencies from global economies such as Europe, the USA, Canada, Japan, New Zealand, Great Britain, Australia, and Switzerland. One part of the Major currency pair is always the US Dollar. The second part is always one of the major currencies mentioned above. The major currency pairs are the most liquid. 

Minor pairs are less liquid than major ones but more liquid than exotic pairs. Minor pairs are made from major currencies, but the US Dollar is excluded. Exotic pairs come from developing nations and in a pair, one or both parts are exotic. 

When it comes to spreads, the Euro and US Dollar pair has the smallest spread. The reason is that the liquidity is the highest in EUR/USD. With BDSwiss, spreads differ based on which account type you use. 

Cent accountClassic accountVIP accountRAW account 
Avg. spread on EUR/USD1.5 pips1.5 pips1.1 pips0.3 pips

Stock CFD trading on BDSwiss

As already mentioned, stocks as CFDs are preferred by short and medium-term speculators and investors, whereas physical stocks are better for long term investing. 

BDSwiss grants access to trading 134 company stocks as CFDs. Spreads start from 0.1 pips and commissions on average are 0.15%. 

BDSwiss traders have access to trading stocks from the US, UK, France, Germany, Netherlands, Spain, and Switzerland. Traders can go long or short, depending on their trading strategies to try and make some money. CFD trading enables traders to earn money from trading in any direction, without physically owning the asset. 

Indices trading on BDSwiss

Indices are a type of asset that shows how a basket of company shares performs. These shares are selected based on industry or country. For example, the FRA40 is an index that follows the top 40 French company stocks’ performance. 

With BDSwiss, traders have access to 11 indices that include: AUS_200, ESP_35, EUR_50, FRA_40, GBR_100, GER_30, HKG_50, IND_50, NAS100, SPX500, and US30. Commissions are fixed and traders are charged at 2 USD. 

Indices can be traded as CFDs, however, they have one more usage. As mentioned above, they show the performance of certain markets or industries. Even if traders do not trade indices as CFDs, they still keep an eye on them to figure out the state of the market. For instance, if you are going to purchase a US Dollar against Canadian Dollar, it would be a good idea to take a look at whether the US500 index is in a downtrend or in an uptrend. The uptrend market is an indication that the US economy is doing well as the US500 (S&P 500) follows the performance of the top 500 US companies' publicly traded stocks. 

Crypto CFD trading on BDSwiss

BDSwiss offers access to trading 31 cryptocurrency pairs as CFDs. The average spread on the BTC/USD pair is 30.47. 

When trading cryptos as CFDs, traders do not have to worry about crypto wallets or how to cash out profits. CFD trading as mentioned previously, means that you as a trader do not actually own the asset, but you can make money from short or medium-term volatility. What’s more, traders can short-sell crypto CFDs. 

Commodity CFD trading on BDSwiss

Commodities are raw materials that can be mined or grown. With this broker, traders can trade oil and precious metals such as gold, silver, and platinum, with the average spread on gold vs USD (XAU/USD) being 0.058

The list of assets:

  • US/OIL

Account types available for traders on BDSwiss

There are various types of traders in Forex. Some prefer swing and position trading, while others prefer some intraday action. Traders also differ based on their trading strategies, risk tolerance, and account balances. In order to meet the needs of different types of traders, BDSwiss offers 4 account types:

  • Cent account – best for beginners that want to test their strategies live while risking only a small amount of funds.
  • Classic account – best for beginners and position traders. 
  • VIP account – best for advanced position traders.
  • RAW account – best for intraday scalpers and high-frequency traders. RAW accounts have low spreads, but commissions are increased.

We’ll break down and analyze in detail each account type to aid you in picking the one that best suits your needs.

Pros & cons of BDSwiss account types

Enables cBots and Expert AdvisorsAsset number on Cent account is limited
Enables traders to use Demo and Islamic account types 
Cent account  

BDSwiss Demo Account

BDSwiss offers access to trading 3 types of demo accounts. Traders can use demo versions of Classic, VIP, and RAW account types. The Cent account doesn’t have a demo version. 

Demo trading is extremely useful for both, beginner and experienced traders alike. Beginners use demo accounts to get accustomed to trading platforms and brokers’ policies, while professionals use demo accounts to improve their active strategies and develop new ones in a risk-free environment. 

BDSwiss Cent account

A Cent account can be the next step for a trader transitioning from a demo account to a live trading environment. The minimum initial deposit to open a Cent trading account is only $10. Commissions are 0, however, spread markups are very high. For each trade, the broker uses a 1.5 pip spread markup. In addition, Cent accounts are very limited in terms of tradable assets. The broker only offers around 70 assets for trading. 

BDSwiss Classic account

The Classic account has similar initial deposit requirements to the Cent account. Traders can open this account for as little as $10. The main difference is that the account has many more tradable instruments. Traders get access to trading around 250 assets. There are no commissions charged, however, traders will pay spread markups from 1.5 pips. 

BDSwiss VIP account

In order to open the VIP account, at least $500 is needed. The instruments available are over 250. Commissions differ in terms of the asset class, with $0 on all pairs, $0 on indices, and 0.15% on shares. Pips start from 1.1. This account type is suitable for position and swing traders. 

BDSwiss RAW account

RAW trading account is for scalpers and intraday traders that make lots of trades within a day. In addition, high-frequency traders use the RAW account. The reason is that the broker has very low spread markups, only 0.3 pips. On the other hand, there are commissions charged, which are $5 on all pairs, $2 on indices, and 0.15% on shares.

Getting started on BDSwiss - Main steps

There are a couple of steps to take when you want to open a live trading account with BDSwiss. The whole process takes less than a day. We’ll guide you through the entire process of account opening in detail. 

Step 1: Open an account

Go ahead and open the main page of BDSwiss. In the top right corner, you’ll be able to see a sign-up button. By pressing the button, you’ll be transferred to the registration page. The broker asks you to provide your personal information and choose a trading platform. 


Step 2: Time to verify your account

After you open a live trading account, it’s recommended that you verify before transferring funds. The broker asks for proof of residence and proof of identity from you. For proof of identity, any type of government-issued document that clearly states your personal information is valid. For instance, you can upload a digital photo or scanned version of your passport, ID card, or driving license. When it comes to proof of residence, you can use a utility bill or any formal document that states your address and name. 


Step 3: Make your deposit and start trading

After you verify your account, you can deposit money to your trading account and start placing orders. Keep in mind that some deposit options such as online wallets and credit/debit cards are instant, while bank wire transfers take a couple of business days to clear. 


Fees & commissions of BDSwiss

ForexFrom 0.00016
Stock CFDsFrom 0.01 + 0.15% commission
Crypto CFDsFrom 0.00125
IndicesFrom 0.34
CommoditiesFrom 0.045

The fees charged by BDSwiss are average. What’s great about this broker is that VIP and RAW account types are affordable, starting from $500, and these account types offer reasonable trading fees. Spread markups for VIP accounts are only 1.1 pips and the average spread on EUR/USD on a RAW trading account is 0.3 pips. It’s worth mentioning that the RAW account has commissions: $5 on all pairs, $2 on indices, and 0.15% on shares.

Comparing BDSwiss fees with other brokers

BDSwiss has average prices compared to the competition. In order to better understand the differences between BDSwiss’ and other brokers’ pricing models, let’s compare the numbers. 

BDSwiss fees compared to Interactive Brokers fees

Type of FeeBDSwissInteractive Brokers
EUR/USD SpreadFrom 1.1 pipsFrom 0.6
Fees on DepositsNo1%
Inactivity fee10% of the trading balance per month after 9 months of inactivityNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

BDSwiss fees compared to eToro fees

Type of FeeBDSwisseToro
EUR/USD SpreadFrom 1.1 pipsFrom 1
Fees on DepositsNo$5 on withdrawals
Inactivity fee10% of trading balance per month after 9 months of inactivityYes, $10/m

BDSwiss fees compared to IG fees

Type of FeeBDSwissIG
EUR/USD SpreadFrom 1.1 pipsFrom 0.8
Fees on DepositsNoNo
Inactivity fee10% of trading balance per month after 9 months of inactivityYes, $10/m

BDSwiss fees compared to XM fees

Type of FeeBDSwissXM
EUR/USD SpreadFrom 1.1 pipsFrom 0.6
Fees on DepositsNoNo
Inactivity fee10% of trading balance per month after 9 months of inactivityYes, $15 after 12 months, +$5/m

BDSwiss fees compared to AvaTrade fees

Type of FeeBDSwissAvaTrade
EUR/USD SpreadFrom 1.1 pipsFrom 0.9
Fees on DepositsNoNo
Inactivity fee10% of trading balance per month after 9 months of inactivityYes, $50 after 3 months, $100 administration fee after a year

BDSwiss fees compared to fees

Type of
EUR/USD SpreadFrom 1.1 pipsFrom 0.9
Fees on DepositsNoNo
Inactivity fee10% of trading balance per month after 9 months of inactivityYes, $50 after 3 months, $100 administration fee after a year

Trading platforms of BDSwiss reviewed

BDSwiss uses MetaTrader 4 and MetaTrader 5 as their main platforms. Traders can also install BDSwiss mobile apps on their phones or trade using the BDSwiss web trading terminal.

MetaTrader 4 was released in 2005 by the Russian software giant MetaQuotes Corp. The platform hasn’t changed much since, and it looks very outdated. However, MT4 remains the most popular trading platform even today due to its ability to perform masterfully. The MT4 is also very simple, and most beginner Forex traders choose to use it over MT5, which is a bit more advanced.

MetaTrader 5 was released 5 years later, in 2010. Both MT4 and MT5 are very similar, however, the main difference is that MT5 has more functions and is primarily built for trading a combination of different asset classes such as Forex, stocks, indices, cryptos, and commodities. MT4 is primarily built for trading Forex.

Both MT4 and MT5 are very popular, and there are a large variety of trading algorithms for both. Traders use algorithms to automate trading. MetaTrader algorithms are called Expert Advisors (EAs). The fact that the platforms are so old and super popular, explains why there are so many algorithms developed by traders that you can access from the Meta market. 

Mobile Trading on BDSwiss

Mobile trading with BDSwiss is a smooth experience. However, keep in mind that mobile apps are best used as helpers and not as a main trading tool. It’s recommended to analyze the markets using computer screens.

Mobile apps are very useful in emergency situations such as internet problems, power outages, PT breakdowns, etc. The mobile apps keep you in touch with the markets from anywhere in the world. The mobile app of BDSwiss can be installed on both apple and android devices. 

Education and research tools

A good quality education is important for novice traders as well as seasoned ones. BDSwiss offers a variety of content: 

  • Trading Academy
  • Learning Center
  • Forex eBooks
  • LIVE Education
  • Forex Basic Lessons
  • Forex Glossary
  • Educational Videos
  • Seminars

Research tools include: 

  • Daily Market Analysis
  • Technical Analysis
  • Daily Videos
  • Weekly Outlook
  • Market Insights
  • Special Reports
  • BDSwiss Analysts
  • LIVE Webinars
  • Economic Calendar
  • VPS Service
  • Trade Companion
  • Trends Analysis
  • Trading Central
  • Autochartist
  • Trading Alerts
  • Currency Heatmap
  • Trading Calculators

Customer support of BDSwiss

Customer support is highly important for any service oriented company. The financial service provider understands this very well and offers a 24/5 multilingual support team. Customer support is accessible in English, German, Italian, Spanish, French, Greek, and Portuguese. Traders can email them or chat live straight from the company’s webpage. Traders can also call the regional offices to receive professional consultations or just speak to someone directly. 


To sum everything up, BDSwiss is a mildly regulated broker that offers a variety of account types to its customers. The broker gives traders access to trading Forex, commodities, indices, cryptocurrencies, and shares as CFDs. There are more than 250 instruments available for trading. The minimum initial deposit required to open a live account is only $10. The broker provides a wide range of educational material and good customer support. The spread markups and commissions are average.

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FAQs on BDSwiss

Is BDSwiss a good broker?

BDSwiss is an average broker. The broker is not strictly regulated, offers standard trading platforms, and an average number of tradable assets. On the upside, traders can start trading from as low as $10 and there are 4 types of accounts to choose from. The large variety of account types is aimed at different types of traders.

Can I trade stocks using BDSwiss?

With BDSwiss traders can trade Stocks as CFDs. However, physical stocks are not available for trading with this broker. CFDs enable short and medium-term speculators to benefit from price moving in any direction without owning the actual asset. Keep in mind that to trade Stock CFDs, you need a Classic, VIP, or RAW trading account, and traders should choose MT5 over MT4 as MT5 is built for trading multiple asset classes, including Stocks as CFDs. 

Is BDSwiss regulated?

Yes. BDSwiss is authorized and regulated by the Financial Services Authority of Seychelles. It’s worth mentioning that the regulator is not strict. However, it’s also worth mentioning that the broker keeps investors’ funds in segregated accounts, provides traders with negative balance protection, and is a member of the traders’ compensation scheme. 

What can I trade with BDSwiss?

BDSwiss gives traders access to Forex, commodities, indices, cryptocurrencies, and shares as CFDs. There are no physical stocks or cryptos available with this broker. CFD trading is a leveraged activity and is mainly for short and medium-term speculators. Long term investors that like to buy and hold investments for years prefer physical stocks and physical precious metals. The reason is that CFD traders are charged rollover fees that are used to keep positions open overnight. These fees are very small, however, over a large period of time they can accumulate.