BDSWISS Information

BDSwiss is an offshore-regulated forex and CFD broker that was established in 2012 and is registered in Seychelles. The broker offers a range of trading instruments across multiple asset classes, including forex, commodities, shares, indices, and cryptocurrencies.

Pros & Cons

BDSWISS offers a wide range of trading instruments across multiple asset classes, making it a versatile platform for traders. The absence of deposit and withdrawal fees is a definite advantage for those who prioritize low-cost trading. Additionally, the broker's extensive educational resources can be beneficial for novice traders who want to improve their trading skills.

However, some traders may find the offshore Seychelles Financial Services Authority (FSA) license to be a drawback.

Note that this table is not exhaustive and there may be additional pros and cons to consider.

Is BDSWISS Legit?

These measures help to ensure that BDSWISS provides a safe and secure trading environment for its clients.

Our Conclusion on BDSWISS Reliability:

Based on the information provided, BDSWISS appears to be a reliable and reputable online broker. It is offshore regulated by Seychelles Financial Services Authority (FSA), offers negative balance protection and segregates client funds.

Market Instruments

BDSwiss offers 250+ trading instruments across various asset classes, providing traders with numerous options for diversification. Forex traders can access over 50 currency pairs, including major, minor, and exotic pairs. The platform also offers CFD trading on precious metals such as gold, silver, and platinum, as well as energy products like crude oil and natural gas. Additionally, traders can choose from a range of popular stock CFDs, including shares of leading companies in the US, Europe, and Asia. BDSwiss also provides access to a range of global stock indices, such as the S&P 500, FTSE 100, DAX 30, and Nikkei 225. Finally, the platform offers trading on popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Account Type

Demo Account: BDSWISS provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: BDSWISS offers a total of 4 account types: Cent, Classic, VIP, and Zero-Spread. The minimum deposit to open an account is $10, $10, $250 and $100 respectively. The threshold to open an account at BDSWISS is quite low. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Leverage

BDSWISS offers a maximum leverage of up to 1:2000 for all account types, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Spreads & Commissions

BDSwiss offers variable spreads and commissions based on the type of trading account.

Trading Platforms

As for the trading platform, BDSWISS provides its clients with many options. There is a public platform - MT5 that has served many clients worldwide, also BDSWISS's own platforms - BDSwiss Mobile APP, BDSwiss WebTrader. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT5. But BDSWISS's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.

Trading Tools

BDSWISS provides a range of trading tools to help its clients in their trading activities.

The economic calendar allows traders to keep track of important upcoming events that can affect the markets.

The VPS service provides fast and reliable connection to BDSWISS servers for traders who use automated trading strategies.

The Trade Companion is a trading assistant that provides users with insights and trading signals.

The Trends Analysis tool helps traders to identify trends and make better trading decisions.

Trading Central provides technical analysis and market insights.

The Autochartist tool analyzes charts and helps traders to identify trading opportunities.

Trading Alerts notify users of important market events.

The Currency Heatmap tool allows traders to see the relative strength of different currencies.

Finally, the Trading Calculators help traders to manage their risk and calculate their potential profits and losses.

Deposits & Withdrawals

BDSWISS offers a wide range of deposit and withdrawal options, including Visa, MasterCard, Skrill, Neteller, Bank Wire, Pay Retailers, cryptocurrencies, AstroPay, Globepay, MPESA, airtel tiGo, korapay, and more.

The broker does not charge any fees for deposits or withdrawals.

BDSWISS minimum deposit vs other brokers

Most deposits are processed instantly. For withdrawals, BDSWISS strives to process most requests within 24 hours, although the processing time may vary depending on the payment method used and the verification requirements.

Fees

BDSWISS charges overnight fees on all positions that are held open overnight, and the rates depend on the instrument being traded. The broker also charges a currency conversion fee for deposits made in a currency different from the account currency. Moreover, if no trading activity occurs for over 90 days, a monthly fee of $30 will be deducted from your account balance, until the account balance is 0. This charges covers the maintenance/administration expenses of such inactive accounts. It is important for traders to keep these fees in mind when planning their trading activities, as they can impact the overall profitability of their trades.

Customer Service

• Languages: English, polish, German, Italian, French, Arabic, Thai, Filipino, Chinese, Indonesian, Portuguese, Romanian, Russian, Turkish, Danish, Norwegian, Korean, Czech, Malay, Vietnamese, etc.
• Service Hours: 24/5 multilingual live chat
• Phone Number: +44 2036705890
• Email: support@global.bdswiss.com
• Social media: Facebook, Instagram, LinkedIn, YouTube, Twitter, Telegram
• Address: Suite 3, Global Village, Jivans Complex, Mont Fleuri, Mahe, Seychelles.
• Help/Support Centre are also available.

Education

BDSWISS provides a range of educational resources to assist traders in improving their trading knowledge and skills. They offer a variety of educational materials, including Forex eBooks, LIVE Education, Forex Basic Lessons, Forex Glossary, Educational Videos, and Seminars.

Their Forex eBooks cover various topics, such as trading psychology, technical analysis, and risk management, to help traders develop a well-rounded understanding of the Forex market.

They also provide live education through webinars, which are hosted by industry experts, and interactive training sessions.

The Forex Basic Lessons are designed to help beginner traders learn the basics of Forex trading.

Additionally, they offer educational videos that cover different aspects of trading, and traders can attend in-person seminars held in different locations globally.

Conclusion

All in all, BDSWISS offers a diverse range of trading instruments with competitive spreads and commissions on different account types. The broker provides a variety of deposit and withdrawal options with no fees charged, and fast processing time. BDSWISS also offers various educational resources and trading tools. However, is offshore regulated by Seychelles Financial Services Authority (FSA) and there are some negative reviews from their clients saying that they have met severe slippage and unable to withdraw. Every trader should be cautious before trading or investing with a broker.

Frequently Asked Questions (FAQs)

VT Markets Information

VT Markets was founded in 2015 and headquartered in Sydney, Australia, has over ten years' experience and expertise in global financial markets. As a regulated broker, VT Markets operates under the oversight of the Financial Sector Conduct Authority (FSCA).

VT Markets offers a suite of trading instruments, including major, minor, and exotic currency pairs. In addition to forex, the broker also provides access to other financial instruments, including precious metals, energies, CFD shares, indices, soft commodities, ETFs & bonds. Traders can benefit from competitive trading conditions at VT Markets, including low minimum deposit of $50, fast execution speeds, and flexible leverage options up to 500:1.

VT Markets supports the industry-standard MetaTrader 4 (MT4) trading platform and MetaTrader 5 (MT5) trading platform, as well as webtrader, known for its robust functionality, advanced charting tools, and customizable features, with access to a wide range of technical indicators, expert advisors (EAs), and automated trading capabilities.

Pros & Cons

However, the ASIC license is just general registrated and residents of United States, Singapore and Russia are not allowed.

Is VT Markets Legit?

VT Markets operates under the regulation of multiple regulatory authorities, including the Australian Securities and Investments Commission (ASIC, general registration) in Australia and the Financial Sector Conduct Authority (FSCA) in South Africa.

Market Instruments

VT Markets boasts an extensive and diverse range of over 1,000 market instruments, making it a highly attractive option for traders looking to diversify their investment portfolios. This broad selection includes major categories such as forex, which offers a variety of currency pairs; precious metals like gold and silver; energies including oil and natural gas; and CFD shares that cover numerous global corporations.

Additionally, VT Markets provides opportunities to trade indices, soft commodities like coffee and sugar, as well as ETFs & bonds.

Account Types

VT Markets offers a versatile range of account types to cater to different trading needs and preferences, including Standard STP, Raw ECN, Swap Free, Cent, and Demo accounts. The minimum deposit required is accessible, with $100 needed for the Standard STP, Raw ECN, and Swap Free accounts, and a lower threshold of 5,000 USC (equivalent to $50) for the Cent accounts, making it easier for traders with varying financial capabilities to enter the market.

The base currencies available also provide flexibility; Standard STP and Raw ECN accounts support AUD, USD, GBP, EUR, CAD, and HKD, while Swap Free accounts offer all except HKD, and Cent accounts operate exclusively in USC. Additionally, VT Markets enhances trading opportunities by offering bonuses for Standard STP, Raw ECN, and Swap Free accounts.

How to Open an Account?

Opening a trading account with VT Markets is a straightforward and user-friendly process designed to facilitate quick access to the trading world.

To begin, simply click the ‘Trade now’ button on their platform.

You will then be prompted to enter your personal information, including your country of residence, email address, and a password of your choice; there is also an optional field for a referrer if applicable. Once these details are filled in, click the Open a live account button to finalize the setup of your new trading account.

Leverage

With a leverage of up to 500:1, its customers can trade 40 different currency pairings and spot gold contracts. One can use a leverage of up to 1:333 on energy commodities, 1:100 on Silver Spot, and 1:20 on soft commodities such as cocoa, coffee, cotton, orange juice, and raw sugar (Crude Oil, Natural gas, Gasoline, and Gasoil). Stocks of the 50 largest U.S. and Hong Kong firms are available for trading via Contracts for Difference (CFDs), with leverage of 1:20. You can trade 15 stock indexes, including the SP 500, DJ30, and US 2000, with high leverage (up to 1:333).

Spreads & Commissions

VT Markets offers a competitive and varied structure of spreads and commissions tailored to different types of trading accounts, ensuring traders can select the option that best suits their trading style and strategy.

For those preferring simplicity and no commission costs, the Standard STP and Standard STP (Swap free) accounts offer spreads starting from 1.2 pips, and the Cent Account STP starts from 1.1 pips, all with zero commission charges.

Conversely, for traders looking for tighter spreads and are comfortable with commission fees, the Raw ECN, Raw ECN (Swap free), and Cent Account ECN accounts provide spreads starting as low as 0.0 pips with a commission of $6 per round turn.

Trading Platforms

VT Markets offers a range of advanced trading platforms to cater to the diverse needs of traders. With their selection of robust platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and the VT Markets App.

WebTrader: The WebTrader platform is a web-based trading solution that provides traders with the flexibility to access their accounts from any web browser without the need for software installation. It offers a user-friendly interface, real-time market data, and essential trading features. Traders can analyze charts, place trades, and manage their positions conveniently through WebTrader.

VT Markets App: The VT Markets App is a mobile trading platform designed for traders who prefer to trade on the go. Available for both iOS and Android devices, the app allows traders to access their accounts, monitor market conditions, and execute trades from anywhere, anytime.

Copy Trading

VT Markets provides an innovative copy trading service that allows traders, especially those who may not have the time or expertise to trade independently, to automatically replicate the positions of more experienced traders.

Deposits & Withdrawals

VT Markets supports a variety of popular payment methods. These include major credit cards like MasterCard and Visa, bank transfers, and several e-wallets such as Neteller, Skrill, UnionPay, and FasaPay.

Bonus

VT Markets offers enticing bonus schemes to both new and existing clients, enhancing their trading potential. New clients are welcomed with a 50% bonus on their initial deposit, applicable to all account types. This welcome bonus is designed to give traders a substantial boost as they begin their trading journey, with the bonus credit being added to their accounts within just one business day after the deposit.

Additionally, VT Markets provides a recurring 20% deposit bonus for all subsequent deposits over $1,000, allowing traders to increase their trading capital by up to $10,000 in extra funds. This ongoing bonus can be claimed multiple times, offering continuous support to enhance trading activities.

Educational & Tools

VT Markets provides a comprehensive suite of educational resources and analytical tools. The learning center at VT Markets is extensive, featuring a trading glossary for beginners, detailed courses on forex trading, and specialized tutorials on using MetaTrader platforms. Additionally, they offer podcasts that delve into various trading topics, catering to learners who prefer auditory content.

On the analysis front, VT Markets provides daily market analyses and weekly market overviews to keep traders informed about the latest market trends and opportunities. Their blog also serves as a valuable resource for deeper insights and trading strategies.

Furthermore, VT Markets enhances trading efficiency with practical tools such as an economic calendar, trading signals, and access to Trading Central MT4 tools and ProTrader tools. They also support automated trading by offering expert advisors.

Customer Support

VT Markets prioritizes exceptional customer support by providing around-the-clock assistance through various channels, ensuring traders can receive help whenever required. Their 24/7 Help Center is equipped to address and resolve common issues instantly, facilitating a seamless trading experience.

For more interactive and immediate assistance, VT Markets features a live chat service where traders can communicate directly with knowledgeable support staff in real-time.

Additionally, traders can reach out via email at info@vtmarkets.com, with the assurance of receiving a detailed response within 1-3 business days.

VT Markets also extends its customer engagement through active social media presence on platforms like LinkedIn, YouTube, Facebook, and Instagram, offering updates, educational content, and a platform for community interaction.

Frequently Asked Questions (FAQs)