BDSwiss provides online trading in a variety of assets through its user-friendly web and mobile platforms for beginners as well as by providing the well-known MetaTrader platform.
Since its founding in 2012, BDSwiss has expanded to serve more than a million clients globally. More than 1000 different online trading instruments are accessible, including those for forex, commodities, shares, indices, cryptocurrencies, and ETFs. In this BDSwiss review we will discuss all of these. So read the whole article for information.
Key Takeaways from BDSwiss for 2022
In terms of client service, instruction, and research, BDSwiss excelled and identified areas for improvement in the trust and fee categories.
- Despite lacking several popular features, the proprietary WebTrader platform is user-friendly, which decreased its rating in the platform category.
- Because offshore regulators provide far less protection than their tier-1 counterparts, BDSwiss’s trust rating worsens.
- With user-friendly platforms, helpful education and research tools, and a broker that is welcoming to newcomers, choose BDSwiss. The Classic account does have some relatively expensive fees, though.
BDSwiss Mobile App
The interface of the BDSwiss Mobile App is straightforward and user-friendly. But it simply provides extremely fundamental capabilities. The BDSwiss Mobile app is simple to use and intuitive. The software has a good User Experience (UX), since it appears to be current and modern. The software allows traders to follow a variety of instruments organised by asset class, keep tabs on their open positions, execute trades, and fund their accounts.
There are several common order types, including market, limit, and stop loss orders. The app does not support time-based orders like Good ‘Til Cancel (GTC). Also unavailable are orders with trailing stop losses.
BDSwiss Customer Support
Customer service inquiries received prompt responses. When you use live chat, a bot first tries to respond to your question. If that doesn’t work, you can choose to speak to a live agent, who will typically respond right away. Emails were responded to within a few days and phone conversations never had to wait long.
BDSwiss Education
BDSwiss has gone above and above in the field of education by providing comprehensive and regularly updated information. They provide a variety of resources, such as:
- The content covered in the lessons on forex ranges from the fundamentals (such as what a CFD is) to more complex subjects (for example Position Sizing).
- Live educational webinars: Topics include the Non-Farm Payrolls data and Fed Interest Rate Decisions.
- Includes a 10-course video series with Frank Walbaum in the category of educational videos.
- E-books: These cover technical indicators and the psychology of online trading.
- Seminars: Workshops and seminars on online trading have been held all around the world, from Thailand to Ireland.
- Clients with VIP accounts get access to one-on-one mentoring for online trading.
BDSwiss Research
A team of internal analysts at BDSwiss provides daily market coverage in textual and video media. Additionally, weekly outlooks and in-depth studies provide market information. BDSwiss offers a selection of tools to aid traders in becoming familiar with the market. These include a currency heat map displaying the most popular currency pairs, a trends technical analysis tool, and an economic calendar. We believe that BDSwiss offers higher-quality research resources than the industry standard that are regularly updated. Materials are available for both novice and experienced traders.
What Distinguishes BDSwiss from Other Brokers?
BDSwiss sets itself apart by offering MetaTrader 4 and 5 in addition to having its own web and mobile platforms. Additionally, it provides a few special tools, such as the Trend Analyzer driven by Autochartist. In addition to flexibility, BDSwiss provides a variety of account types to accommodate various trader profiles.
Why should you choose BDSwiss?
Because of its user-friendly platforms, dependable customer service, and abundance of research and instructional tools, the BDSwiss Classic account is appropriate for novice traders. With its other account types, which provide access to more competitive pricing and sophisticated online trading tools, BDSwiss can also accommodate more experienced traders.
Pros
- a proprietary platform with good design.
- reputable academic and research materials.
- excellent customer service.
- provides a variety of tools and platforms from other parties.
Cons
- In several well-known instruments, the Classic Account has large spreads.
- High costs for idleness.
- does not allow customers from the EU, UK, or the US.
Conclusion
With its user-friendly proprietary platforms, excellent customer support, and a wealth of training resources, BDSwiss might appeal to newcomers. Nevertheless, BDSwiss charges comparatively high fees for Classic Accounts, and customers outside of the EU lack the security of robust regulatory control.
