I recommend traders choose the latter, given the low minimum deposit requirement of $100. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

Best MT4 Broker with the Lowest Fees

BDSwiss also offers Trading Talks is a 10-course recurring educational webinar that is held every two weeks. Once completed, webinars are added to the video library and combined with other educational videos about aspects of trading and market analysis. Overall, BDSwiss trading tools are slightly limited compared to what is offered by other large international brokers, but the tools it does offer are some of the best in the industry.

Trading assets offered by BDSwiss

They both cater for an extensive number of charting tools and functions, provide super-fast order execution, and do not offer any requotes. BDSwiss does allow you to engage in both scalping and hedging, while algorithmic trading is facilitated through use of the EAs feature on bdswiss forex broker review your MT4 trading platform. BDSwiss has continued to grow and expand and now operate a total of 10 offices catering for traders around the world. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to BD Swiss.

The above are the average spreads on BDSwiss

BDSwiss are predominantly focused on offering commission-free trading. The only account type the broker has which does include a commission is their https://forexhero.info/ BDSwiss Raw Account. Even though this account type does charge a commission, it is very competitive at just $5 per lot on a round-turn trade.

  1. This includes setting stop losses, trailing stops, and take profits to manage your active positions, while you can also set limit orders to control your entry position on new orders.
  2. With a user-friendly structure and real-time data, traders may keep informed while rapidly conducting trades using the app’s interfaces.
  3. Brokers such as IG have over 17,000 tradeable instruments available to help put things into perspective for you.
  4. BDSwiss crypto offering includes a total of 20 crypto assets for trading.

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These insights can be used to help keep up to date with the latest market happenings and to identify potential opportunities. Citizens from Cyprus and the US cannot open an account irrelevant to their geographic location. That being said, BDSwiss holds multiple regulatory licenses throughout the EU, including from Cyprus where it is authorised by the Cyprus Securities and Exchange Commission (CySEC), but no longer accepts EU residents. It is also regulated as a Tied Agent under its German entity, and is passported across the EU (and outside of the EU into Switzerland). It’s worth noting that as of January 2024, BD Swiss is not accepting clients from within the EU. The brand also holds an offshore regulatory license from the island nation of Mauritius.

Traders in Kenya access and fund the trading account after the necessary paperwork have been gathered and validated. Both MT4 and MT5 trading platforms are broadly available and accessible to all BDSwiss clients. Specific key differences are noted between the platforms and the trader may need to consider them when choosing their desktop platform. As a general rule, BDSwiss is a regulated broker with a higher ROI than other brokers in the market. Their investors are extremely happy with the binary options platform they have at their disposal. As you would expect from a top broker with so many customers, BDSwiss offers the opportunity to test out their services via a demo account.

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. ForexBrokers.co.za is a broker comparison & education website for South Africans.

Added to that, they also provide access to a range of educational webinars known as trading talks. These are delivered by industry experts and can provide some meaningful insight to help you develop your trading skills. There are few complaints and many traders have created an account with BDSwiss.

There is 50+ FX currency pairs including major, minor and exotic crosses. I think forex traders would be content with the number of forex trading instruments available. Multilingual BDSwiss customer support is available 24/5, but BDSwiss explains its products and services well, limiting or eliminating the need for customer support.

Overall, we found the customer service responsive, polite, and able to answer all of our questions. BDSwiss provides an award-winning market research section that is curated by some of the best analysts in the world. With a long history of responsible behaviour and local and international regulation, we consider BDSwiss a safe broker to trade with. Trade long or short on both rising and falling prices with ultra-low commissions and exceptional execution speeds. In December 2021, for the third year in a row, BDSwiss donated €5,000 to the “Elpida” Foundation for Children with Cancer & Leukaemia as part of its CSR activities. Children receiving cancer treatment and their families received financial and psychological support from the hospital because of this generous donation.

They also have a license and are regulated by the United Kingdom’s FSC as well as being registered with the tightest organization of all, the United State’s National Future’s Association. BDSwiss has one of the tightest security and regulatory brokerages I have seen. BDSwiss maintains a team of bilingual customer service representatives to answer questions or concerns. Indices – Traders have the ability to trade in 23 various market indexes. They require a government-issued picture ID and evidence of residence, such as a utility bill or bank statement, to verify an account. Furthermore, the observance of regulatory requirements is a fundamental aspect of this broker’s operations and the firm falls under the jurisdiction of various regulatory bodies.