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BDSwiss
22.4.26
BDSwiss
BDSwiss Review for traders in Cyprus: Forex & CFD Trading with Raw Spreads
BDSwiss had tier-1 regulation — and gave it up. Without FCA or CySEC regulation, and with documented withdrawal issues since 2024, this is a broker we cannot recommend for new deposits at this time.
Consensus Rating
The rating evaluates 42 key factors, from regulation and costs to execution, product offering and support. The score combines analysis from multiple experts and competitor comparisons to provide an aggregated and balanced assessment. This reduces individual bias and offers a more reliable reference for broader market consensus.
Alternative Provider
AvaTrade
AvaTrade holds a direct CySEC license in Cyprus — genuine local regulatory oversight. For Cypriot traders looking beyond the standard local broker landscape, AvaTrade's 1,260+ instruments including vanilla options and futures, copy trading via DupliTrade and AvaProtect trade insurance offer meaningful product depth.
BDSwiss is an online forex and CFD broker founded in 2012 and serving 1.6 million+ clients globally. It offers 250+ instruments across forex, indices, shares, commodities and crypto CFDs, with trading available via MT4, MT5, the BDSwiss WebTrader and a proprietary mobile app. Account types include Classic (spreads from 1.5 pips, no commission), VIP (spreads from 1.1 pips) and Raw (spreads from 0.3 pips, $5 round-turn commission, $500 minimum deposit). Leverage is available up to 1:500 depending on jurisdiction. BDSwiss produces industry-recognised market research led by financial analyst Marshall Gittler, and the BDSwiss Trading Academy offers structured educational content for all experience levels. However, BDSwiss surrendered its FCA (UK) and CySEC (Cyprus) licences and currently operates under the FSA in Seychelles, the FSC in Mauritius, the FSCA in South Africa and MISA in Comoros — none of which are tier-1 regulatory authorities. Since 2024, multiple traders have reported difficulties withdrawing funds. We recommend considering a regulated alternative before depositing.
Available locally?
Foundation
2012
Minimum Deposit
USD/EUR10
HQ
Payment Methods
Regulators
FSCA
FSC
FSA
Trades at the Stock Exchange?
❌
How to Open an Account
1. Go to the official website >
Visit the app's official website (or download it from the App Store/Google Play) to get started from a trusted source.
2. Open an account
Register, enter your basic information, and set up secure login. If available, enable two-factor authentication for extra protection.
3. Verify your identity
Complete the verification process with the required documents, such as an ID card or passport, and proof of residence (e.g., an electricity bill or bank statement).
4. Add funds
Choose how to use the service: bank transfer, card, or linked account (depending on the app). Check fees, limits, and processing times before confirming, as they may vary.
5. Make your first transaction
Find the function you need in the app, set the amount or limit (if applicable), and confirm.
Advantages
Research & Education
Technical Analysis Tools
Charts and indicators available for market analysis.
Trading Platform & Execution
Desktop Trading Platform
Dedicated desktop software available for trading.
Account & Funding
Low Minimum Deposit
Accounts can be opened with relatively small starting capital.
Trading Platform & Execution
Web Trading Platform
Trading accessible through a browser without software installation.
Trading Platform & Execution
MT4 / MT5 Support
Compatibility with MetaTrader trading platforms.
Research & Education
Advanced Trading Tools
Analytical and trading tools support decision-making.
Market Access
Multi-Asset Trading
Multiple asset classes available within one platform.
Trading Platform & Execution
Mobile Trading App
Trading possible directly from a mobile application.
Account & Funding
Multiple Deposit Methods
Several funding options available including bank transfers and e-wallets.
Disadvantages
Regulation & Trust
No Negative Balance Protection
Losses may exceed the account balance in extreme market conditions.
Regulation & Trust
Poor Regulatory Track Record
Past fines, sanctions, or regulatory incidents recorded.
Regulation & Trust
Weak or Offshore Regulation
Regulation limited to offshore or less strict jurisdictions.
Regulation & Trust
Low Brand Reputation
Limited recognition or credibility in the market.
Regulation & Trust
No Investor Protection Scheme
No compensation mechanism available in case of insolvency.
Is BDSwiss available in Cyprus?
Unfortunately, BDSwiss is not available in the EU since they are not accepting clients based on their CySEC (Cypriot regulator) license.
BDSwiss: Top FX Broker
Founded in 2012, BDSwiss is a renowned Trading Platform specialising in Forex and CFDs. It has over 1.5 million registered trading accounts worldwide and services over 11 billion euros in trading volume per month.
BDSwiss is a trading platform that is able to accommodate traders of all experience levels looking for competitive trading conditions, expert research and support, leading platforms and advanced analytical tools.
Financial Instruments available at BDSwiss
Forex: +50 currency pairs – Majors, minors, and exotics.
Shares: BDSwiss offers over 900+ CFDs and DMA Stocks (leveraged and unleveraged) from 7 major Stock Exchanges, among which there are the New York Stock Exchange and the London Stock Exchange, two of the most popular among investors.
Commodities: CFDs on 7 commodities, being Gold and Oil - some of the most popular among traders.
Indices: CFDs on 10 major stock exchanges indices.
Cryptocurrencies: CFDs on over 20 of the most popular cryptocurrencies.
ETFs: DMA Exchange Traded funds with 1:5 Leverage
BDSwiss' Trading Platforms
BDSwiss WebTrader
BDSwiss' WebTrader is an internally developed trading platform enabling users to trade hundreds of CFDs on all major browsers. The platform has a simple interface, is easy to use and is available in several languages.
Metatrader 4
The MT4 is one of the most widely used [and complete] platforms to trade Forex. MT4 is a downloadable app that is available when operating with BDSwiss.
Metatrader 5
MT5 is probably one of the most advanced platforms to trade in Forex and CFDs. MT5 enables BDSwiss' clients to trade many CFD instruments from other asset classes, including currency pairs, commodities, stocks, indices, and cryptocurrencies, all available in one single platform with no strategy restrictions, minimal slippage and ultra-fast order execution.
BDSwiss Mobile App
Designed to offer BDSwiss traders an unmatched trading environment no matter their experience level, BDSwiss’ Mobile App is highly intuitive and easy to use. Users can register for an account, deposit, withdraw, upload their KYC and of course place their trades anytime, anywhere.
How to Open an FX & CFD Trading Account with BDSwiss
Opening a CFD trading account with BDSwiss is a process that is carried out online and requires uploading an ID and a proof of address right after you signup.
Accounts are available in US Dollars, Euros or Sterling Pounds. It is important to emphasize that opening the BDSwiss simulator (demo account) is free; you can open a Demo account, test the platform, and then decide whether you would like to deposit funds.
Cash Deposits and Withdrawals
BDSwiss does not charge commissions to deposit (or for withdrawing funds via credit card), and the minimum deposit amount is USD/GBP/EUR 100 (For the Classic Account Type). They allow deposits and withdrawals with:
Credit and debit cards.
International Bank
Electronic wallets like Skrill (among many others).
BDSwiss advertises that they (almost) instantly process credit card withdrawals (under 2,000 EUR/GBP/USD). Cash withdrawals are free, except in cases where the withdrawal amount is less than 100 Dollars / Euros / Pounds.
Account Types offered by BDSwiss
BDSwiss' platforms allow traders to open four different account types, which vary in their trading costs. Interestingly, BDSwiss does not charge commissions on trades related to Forex, Cryptocurrencies and Commodities (On the Classic and VIP Accounts). Instead, a flat fee will apply based on the account type for all other CFD trades, including indices and stocks. The main characteristics of the account types are detailed below:
Cent Account
Spreads from 1.5 pips
$/€/£ 0 Commissions*
Available CFDs: +70 (fx and metals)
Live Webinars
Minimum Deposit: $/€/£10
Classic Account
Spreads from 1.5 pips
$0 Commissions
Available CFDs: + de 250
Live Webinars
Minimum Deposit: $100
Raw Spread Account
Raw Spreads from 0 pips
$/€/£ 5 Commissions
Available CFDs: Forex + Gold
Live Webinars
Minimum Deposit: $5000
VIP Account
Spreads from 1.1 pips
$/€/£ 0 Commissions*
Available CFDs: Forex + Gold
Autochartist tools
Live Trading Alerts
Live Webinars + Free access to Seminars
Dedicated Account Manager
Minimum Deposit: $3000
* Please note that BDSwiss does not charge commissions on forex and commodity pairs; for all other CFDs, including indices and shares, a fixed commission fee will apply depending on your account type and trading account currency.
InvestPLUS
DMA Execution
Commission 0.1%
Available CFDs: +1000
Autochartist tools
Live Trading Alerts
Live Webinars + Free access to Seminars
Dedicated Account Manager
Minimum Deposit: $5000
