BDSwiss Forex Review
Trading Accounts
Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads
Basic $200 0.01 1:400 1.3 pips
Bonus $500 0.01 1:500 1.5 pips
Black $10 000 0.1 1:500 1.0 pips
BDSwiss Forex offers its clients several account types, all of which provide variable spreads and comparatively high leverage levels with no commission fees. Micro tradeable lots are available on both Basic and Bonus accounts
The Company. Security of Funds
Company
Country
Regulation
BDSwiss Holding PLC
Cyprus
CySEC
BDSwiss company (Formely Keplero Holdings Ltd) started out as a binary options broker, but probably the regulatory pressure in Europe towards binary options urged it to launch forex trading. BDSwiss Holding PLC is a Cyprus Investment Firm (CIF) - which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) since 2013. It also operates the Swiss Markets brand.
Cyprus is one of the most popular European destinations for forex and binary options brokers. CySEC applies certain capital adequacy requirements to CIFs, obliges them to keep customer funds in segregated accounts and to report transactions on a regular basis.
As a further guarantee to clients' funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation to its covered clients up to 20,000 EUR, in the event of broker insolvency.
Moreover, every CySEC-regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime.
Trading Conditions
Minimum Initial Deposit
With BDSwiss Forex traders have to invest a minimum of $200. Such minimum initial amount is commonоди for the industry. Yet, other Cyprus-based brokers require less. For instance, EverFX demands just $25 from its clients as a start.
Spreads & Commissions
BDSwiss Forex's typical variable spreads are average, amounting to 1.3 pips. For purposes of comparison, floating spreads offered by EverFX on Standard accounts are averaged 0.2 pips on EUR/USD, plus a commission of to $ 6 per standard lot (round trip). For more information, you may look up real-time spreads of 15 leading brokers here.
Leverage
The maximum leverage level offered by BDSwiss Forex is 1:500, which is considered a comparatively high ratio. However, many Cyprus-based brokers offer similar or higher levels - for example, XM provides leverage up to 1:888 and EverFX - up to 1:1000. Check out a list of brokers, providing leverage equal to or exceeding 1:500 here.
Trading Platform
This broker supports the renown MetaTrader 4 (MT4), desktop, web and mobile versions available.
MT4 is the most popular trading terminal offering its users ease of use and full spectrum of trading tools and resources: a number of built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options. Traders can download ready-made or create their own EAs and let the program do all the work.