BDSwiss Overall rating

We tested BDSwiss using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

BDSwiss is a well-established broker, having been founded in 2012. It is regulated by multiple authorities including the MU FSC in Mauritius, the SC FSA in Seychelles, the ML MISA in Comoros, and the ZA FSCA in South Africa.

This multi-regulatory oversight enhances its trustworthiness. However, BDSwiss does not provide a deposit compensation scheme, which means investors are not compensated if the broker fails.

BDSwiss is not publicly traded, does not provide its financials publicly, and has no user reviews available. Despite these factors, BDSwiss maintains a popularity rating of 3.5 out of 5, ranking 150 out of 1101 forex brokers for organic traffic with 73,232 monthly visits according to SimilarWeb.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
BDS Markets	Mauritius - MU FSC					2000 : 1
BDSWISS MARKETS SA (PTY) LTD	South Africa - ZA FSCA					2000 : 1
BDS Ltd	Seychelles - SC FSA					2000 : 1
BDSwiss Investments Ltd	Comoros - ML MISA					2000 : 1

Deposit Insurance

BDSwiss does not offer a deposit compensation scheme under its regulatory frameworks. This means that if the broker fails, investors are not entitled to compensation for their deposits.

While segregated client money is ensured, which means client funds are kept separate from the broker’s operating capital, the lack of deposit insurance can be a concern for potential clients. Investors should consider this aspect carefully when choosing to trade with BDSwiss.

Spreads and Costs

BDSwiss offers competitive forex spreads averaging 0.93 pips, which is lower compared to many industry-leading brokers. However, its crypto spreads are relatively high, averaging 14.35 pips.

Overall, BDSwiss provides low to moderate spreads and costs across different asset classes, making it a viable option for traders looking for a cost-effective broker.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads include both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap fees, also known as financing fees, are charged for holding a trading position overnight. Positive swap rates result in a payout to the trader, while negative swap rates incur a cost.

BDSwiss offers competitive swap rates with an average rate of -1.69, which is better than several industry-leading brokers.

Does BDSwiss Offer Islamic/Swap-free Accounts?

Islamic accounts, also known as swap-free accounts, are designed for traders who cannot receive or pay interest due to their religious beliefs. BDSwiss does offer Islamic accounts, which are compliant with Sharia law.

These accounts do not incur swap or rollover interest on overnight positions. To apply for an Islamic account with BDSwiss, traders need to open a standard account and then request for it to be converted to an Islamic account.

It’s important to check the broker’s website for any specific requirements or additional fees associated with Islamic accounts.

Other Fees

In addition to spreads and swap rates, BDSwiss charges other fees that traders should be aware of:

Comparison to other Brokers

Compared to other industry-leading brokers like IC Markets, Exness, and ThinkMarkets, BDSwiss holds a competitive edge with its low forex spreads and high leverage offerings. However, it falls short in terms of user reviews and deposit compensation schemes.

While IC Markets and Exness offer lower crypto spreads, BDSwiss maintains competitive swap rates, which can be beneficial for long-term traders. Its regulatory framework, although robust, is not accompanied by a deposit compensation scheme, which is provided by some other brokers like IC Markets.

Additionally, BDSwiss’s popularity rating and organic traffic indicate a strong market presence, though not as high as top-rated brokers.

Trading Platforms - Mobile, Desktop, Automated

BDSwiss offers a variety of trading platforms, including the widely-used MetaTrader 4 and MetaTrader 5, both of which support automated trading through MQL4 and MQL5 languages, respectively. These languages are relatively easy to learn, especially MQL4, making automated trading accessible for many traders.

The BDSwiss App provides mobile trading capabilities, while the BDSwiss WebTrader offers a web-based trading experience. The MetaTrader platforms are known for their robust charting tools and analytical capabilities, whereas the BDSwiss proprietary platforms offer more streamlined and user-friendly interfaces.

What Can you Trade?

BDSwiss offers a wide range of tradable instruments across various asset classes, including Forex CFDs, Crypto CFDs, Stock CFDs, Stock Index CFDs, and Commodities CFDs. Unlike trading real assets, trading CFDs (Contracts for Difference) means you do not own the underlying asset but are speculating on its price movements.

CFDs allow for leveraged trading, which can amplify both gains and losses. BDSwiss does not currently offer ETFs, Bonds, or Futures CFDs. For a detailed list of available instruments, visit the broker’s website.

Available Leverage

BDSwiss offers leverage up to 2000:1 for retail clients, depending on the regulatory entity. This dynamic leverage (400:1 by default) is available under its licenses in Mauritius (MU FSC), Seychelles (SC FSA), Comoros (ML MISA), and South Africa (ZA FSCA).

High leverage can significantly increase potential returns, but it also increases the risk of substantial losses. Traders should use leverage cautiously and understand the risks involved.

Prohibited Countries

BDSwiss cannot open client accounts in several countries due to regulatory restrictions. Some of these countries include the United States, Canada, Japan, and certain jurisdictions within the European Economic Area.

Traders from these regions should look for alternative brokers that are authorized to operate in their respective countries.

BDSwiss Account types

	VIP	Cent	Classic	Zero-Spread
Commission	None on FX, Crypto & Commodities pairs	-	None on FX, Crypto & Commodities pairs	$6 per lot
Maximum leverage	2000:1
Mobile Platform	MT4 Mobile, MT5 Mobile, Proprietary
Trading platform	MT4, MT5, WebTrader
Spread Type	Variable Spread
Minimum Deposit	250	10		100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	VIP
Commission	None on FX, Crypto & Commodities pairs
Maximum leverage	2000:1
Typical Spread	1.1 Pips
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	250
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Cent
Maximum leverage	2000:1
Typical Spread	1.5 pips
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Classic
Commission	None on FX, Crypto & Commodities pairs
Maximum leverage	2000:1
Typical Spread	1.5 Pips
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Zero-Spread
Commission	$6 per lot
Maximum leverage	2000:1
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

BDSwiss Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

BDSwiss Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread