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BD Swiss Review

BDSwiss is considered secure and can be summarised as trustworthy. BDSwiss is regulated by the elite CySEC, FSC, BaFIN, and FSA. BDSwiss is currently one of the most reputable platforms, ranked with an overall rating of 9 out of 10. BDSwiss is currently not regulated by the MFED, BoB, or NBFIRA of Botswana

Updated : July 19, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

003 responsive design

Trading Platforms

002 candlestick

Range of Markets

007 fees

Fees

001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

$100

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

BD Swiss Overview

BDSwiss Review Overview

👉 Overall, BDSwiss is considered low-risk, with an overall Trust Score of 83 out of 100. BDSwiss is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). BDSwiss offers four different retail trading accounts namely a Classic Account, Premium Account, VIP Account, and a RAW Account.

 

👉 BDSwiss Accepts Botswanan Clients and has an average spread from 0.3 pips with commission from 0.15%. BDSwiss has a maximum leverage ratio up to 1:1000 and there is a demo and Islamic account available. MT4, MT5, and BDSwiss platforms are supported. BDSwiss is headquartered in Seychelles and is regulated by CySEC, FSC, BaFIN, and FSA.

 

👉 This Swiss-based online trading platform, which was founded in 2012, has quickly gained notoriety for the quality and variety with which it offers its diverse clients its diverse product and service offerings.

 

👉 There are more than 1.5 million registered accounts and $84 billion in average monthly trading volume. There are many educational materials available, and BDSwiss also provides up-to-date market analysis and excellent customer service.

 

👉 This BDSwiss review for Botswana will provide local retail traders with the details that they need to consider whether BDSwiss is suited to their unique trading objectives and needs.

 

BDSwiss Distribution of Traders

👉 BDSwiss currently has the largest market share in these countries:

➡️ Germany – 16.9%

➡️ Italy – 10.3%

➡️ Mexico – 7.2%

➡️ Malaysia – 5.8%

➡️ Brazil – 5.1%

 

Popularity among traders who choose BDSwiss

🥇 A small but viable option for Botswanan traders, BDSwiss is ranked among the country’s top 100 brokers despite its small but viable market presence in Botswana.

BD Swiss At a Glance

🏛 HeadquarteredSeychelles
🌎 Global OfficesCyprus, Mauritius
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2012
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• Instagram
• YouTube
• Blog
• Telegram
⚖️ RegulationCySEC, FSC, BaFIN, FSA
1️⃣ Tier-1 Licenses• Federal Financial Supervisory Authority (BaFIN)
2️⃣ Tier-2 Licenses• Cyprus Securities and Exchange Commission (CySEC)
3️⃣ Tier-3 Licenses• Financial Services Authority (FSA) Seychelles
• Financial Services Commission (FSC) Mauritius
🪪 License Number• Cyprus – 199/13
• Mauritius – C116016172
• Germany – 10134687
• Seychelles – SD047
⚖️ MFED, BoB, or NBFIRA RegulationNo
✔️ Regional RestrictionsThe United States, Belgium, and other OFAC sanctioned regions
☪️ Islamic AccountNo
💻 Demo AccountYes
🛍 Retail Investor Accounts4
✔️ PAMM AccountsNone
💻 Liquidity ProvidersNone indicated
✔️ Affiliate ProgramYes
📱 Order ExecutionInstant, Market
📊 Starting spreadFrom 0.3 pips
📉 Minimum Commission per TradeFrom 0.15%
💰 Decimal Pricing5 points after the comma
📞 Margin Call50%
🛑 Stop-Out20%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size50 lots
✅ Crypto trading offered?Yes
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum Leverage1:1000
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)1,200 Botswanan Pula or an equivalent to $100
✔️ Botswana Pula Deposits Allowed?No, only USD, GBP, EUR
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based BD Swiss customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Bank wire transfer
• Debit Cards
• Credit Cards
• Skrill
• Neteller
💻 Minimum Withdrawal Time10 minutes
⏰ Maximum Estimated Withdrawal Time7 to 10 working days
💳 Instant Deposits and Instant Withdrawals?No
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading Platforms• MetaTrader 4
• MetaTrader 5
• BDSwiss Mobile
• BDSwiss Web
💻 Tradable Assets• Forex
• Commodities
• Shares
• Indices
• Cryptocurrencies
✔️ Offers USD/BWP currency pair?No
📊 USD/BWP Average SpreadN/A
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteEnglish, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes, only for Partners
⏰ Customer Service Hours24/5
📞 Botswana-based customer support?No
💸 Bonuses and Promotions for Botswanans?Yes
📚 Education for Botswanan beginner tradersYes
📱 Proprietary trading softwareYes
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is BD Swiss a safe broker for Botswana Traders?Yes
🎖 Rating for BD Swiss Botswana9/10
🥇 Trust score for BD Swiss Botswana83%
👉 Open Account👉 Open Account,

BDSwiss Regulation and Safety of Funds

BDSwiss Review Regulation

BDSwiss Regulation in Botswana

👉 BDSwiss is a subsidiary of a multinational corporation located in Zug, Switzerland. BDSwiss is well-regulated but does not currently hold any local licenses or authorization through regulatory entities in Botswana.

 

BDSwiss Global Regulations

👉 BDSwiss is a multinational firm located in Zug, Switzerland. The BDSwiss Group is licensed and registered worldwide. This kind of regulation reassures prospective clients that they are dealing with a reliable broker. The Mauritius Financial Services Commission regulates BDS Markets (FSC).

 

👉 BDSwiss Holding PLC is regulated by CySEC while BDSwiss GmbH is BDSwiss Holding PLC’s registered tied agent in Germany, licensed 10134687 by BaFIN. The Seychelles Financial Services Authority (FSA) has licensed BDS Ltd. with license number SD047.

 

👉 In the European Union, BDSwiss Holding PLC is governed by the MiFID, which improves market transparency and harmonizes regulatory disclosure requirements for certain markets.

 

BDSwiss Client Fund Security and Safety Features

👉 BDSwiss, as a regulated investment firm, must comply with all relevant European and local laws and regulations regulating investment services, investment activities, and regulated market operation.

 

👉 BDSwiss does not hold consumer funds in its bank accounts. All client funds are segregated into top-tier banks to prevent them from being used for operational expenses. In addition, all client funds are readily available for withdrawal and all client data is secured and never shared with third parties.

BDSwiss Awards and Recognition

BDSwiss Awards and Recognition

👉 BDSwiss has received various industry accolades throughout the course of its existence, the most recent of which are as follows:

➡️ In 2021, BDSwiss received the World Finance Awards’ title for “Best FX Education & Research Provider.”

➡️ In 2021, BDSwiss was named “Best Mobile Trading Platform in Europe” by the Global Banking and Finance Awards.

➡️ BDSwiss earned the “Best FX & CFD Provider” category at the International Investor Awards in 2020.

BDSwiss Account Types and Features

BDSwiss Review Account Types

👉 BDSwiss’ four retail investor accounts provide over 250 financial products. These user accounts are available:

➡️ Classic Account

➡️ Premium Account

➡️ VIP Account

➡️ RAW Account

💻 Live Account📉 Minimum Dep.📊 Average Spread💰 Commissions💸 Average Trading Cost
➡️ Classic1,200 BWP/$1001.5 pips0.15% Indices15 USD
➡️ VIP36,000 BWP or $3,0001.1 pips0.15% Shares11 USD
➡️ RAW60,000 BWP or $5,0000.3 pipsFrom 0.15%8 USD
➡️ Premium1,200 BWP/$1001.1 pipsNone11 USD

 

BDSwiss Live Trading Accounts

Classic Account

👉 This is a basic trading account that is highly popular among typical Botswanan traders regardless of their trading style or expertise.

Account FeatureValue
⬆️ Average Spread on EUR/USD1.5 pips
📊 Maximum Leverage1:500
📉 Tradable InstrumentsOver 250
📈 Available Assets• Forex CFDs
• Stocks CFDs
• Indices CFDs
• Commodities CFDs
• Cryptocurrencies CFDs
💸 Commissions per round lot• $2 on Indices
• 0.15% on Shares
📞 Margin Call50%
🛑 Stop-out level20%
💵 Instant Withdrawals offered?Yes, only on credit cards up to 2,000 €/$/£
💰 0% fees on Deposits and CC Withdrawal?Yes
📱 Platforms availableAll
🚨 Are trading alerts offered?Limited Access granted
✔️ AutoChartist Performance Stats offered?Yes, with a 6,000 BWP minimum deposit
📞 Personal Account ManagerYes, with a 12,000 BWP minimum deposit
📊 Priority ServiceNo
🔨 AutoChartist Standard ToolsYes
✔️ Access to Trading Central?Yes
💻 Trading Academy and Live WebinarsYes
✔️ Trade Companion offered?No
☪️ Islamic Account option?Yes
✅ VIP WebinarsNo
📞 24/5 Customer Service and Support?Yes
✔️ Minimum deposit requirement1,200 BWP or an equivalent to $100

 

Premium Account

👉 This is the next account level, which offers further benefits and capabilities to Botswana traders, as shown in the table below.

Account FeatureValue
⬆️ Average Spread on EUR/USD1.1 pips
📊 Maximum Leverage1:1000
📉 Tradable InstrumentsOver 70
📈 Available Assets• Forex CFDs
• Commodities CFDs
💸 Commissions per round lotNone
📞 Margin Call50%
🛑 Stop-out level20%
💵 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💰 0% fees on Deposits and CC Withdrawal?Yes
📱 Platforms availableBDSwiss Web, BDSwiss Mobile, MetaTrader 4
🚨 Are trading alerts offered?Limited Access granted
✔️ AutoChartist Performance Stats offered?Yes, with a 6,000 BWP minimum deposit
📞 Personal Account ManagerYes, with a 12,000 BWP minimum deposit
📊 Priority ServiceYes
🔨 AutoChartist Standard ToolsYes
✔️ Access to Trading Central?Yes
💻 Trading Academy and Live WebinarsNo
✔️ Trade Companion offered?Yes
☪️ Islamic Account option?Yes
✅ VIP WebinarsNo
📞 24/5 Customer Service and Support?Yes
✔️ Minimum deposit requirement1,200 BWP or an equivalent to $100

 

VIP Account

👉 This is the BDSwiss Professional account, which is tailored to professional traders and investors seeking the finest trading conditions and extra features.

Account FeatureValue
⬆️ Average Spread on EUR/USD1.1 pips
📊 Maximum Leverage1:500
📉 Tradable InstrumentsOver 250
📈 Available Assets• Forex CFDs
• Stocks CFDs
• Indices CFDs
• Commodities CFDs
• Cryptocurrencies CFDs
💸 Commissions per round lot0.15% on Shares
📞 Margin Call50%
🛑 Stop-out level20%
💵 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💰 0% fees on Deposits and CC Withdrawal?Yes
📱 Platforms availableAll
🚨 Are trading alerts offered?VIP Access
✔️ AutoChartist Performance Stats offered?Yes
📞 Personal Account ManagerYes
📊 Priority ServiceYes
🔨 AutoChartist Standard ToolsYes
✔️ Access to Trading Central?Yes
💻 Trading Academy and Live WebinarsYes
✔️ Trade Companion offered?Yes
☪️ Islamic Account option?Yes
✅ VIP WebinarsNo
📞 24/5 Customer Service and Support?Yes
✔️ Minimum deposit requirement36,000 BWP or an equivalent to $3,000

 

Raw Account

👉 This is a trading account designed for scalpers, day traders, and other high-volume traders who trade quickly.

Account FeatureValue
⬆️ Average Spread on EUR/USD0.3 pips
📊 Maximum Leverage1:500
📉 Tradable InstrumentsOver 250
📈 Available Assets• Forex CFDs
• Stocks CFDs
• Indices CFDs
• Commodities CFDs
• Cryptocurrencies CFDs
💸 Commissions per round lot• $2 on Indices
• $5 on all forex currency pairs
• 0.15% on Shares
📞 Margin Call50%
🛑 Stop-out level20%
💵 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💰 0% fees on Deposits and CC Withdrawal?Yes
📱 Platforms availableBDSwiss Mobile, BDSwiss Web, MetaTrader 4
🚨 Are trading alerts offered?VIP Access
✔️ AutoChartist Performance Stats offered?Yes
📞 Personal Account ManagerYes
📊 Priority ServiceYes
🔨 AutoChartist Standard ToolsYes
✔️ Access to Trading Central?Yes
💻 Trading Academy and Live WebinarsYes
✔️ Trade Companion offered?Yes
☪️ Islamic Account option?No
✅ VIP WebinarsNo
📞 24/5 Customer Service and Support?Yes
✔️ Minimum deposit requirement60,000 BWP or an equivalent to $5,000

 

BDSwiss Base Account Currencies

👉 Botswanan traders may only open a trading account with BDSwiss using USD, GBP, or EUR as their base account currency.

 

👉 This is a disappointing constraint in compared to many other overseas brokers since it means that Botswanans with BWP bank accounts may have to pay conversion costs on all deposits and withdrawals. Trading may become expensive owing to conversion charges, which are often concealed from view on the fee report but have an influence on profitability.

 

BDSwiss Demo Account

BDSwiss Review Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and BDSwiss offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 Additionally, BDSwiss provides a Forex or CFD “Demo Account,” which enables new traders to practise their trading skills on risk-free Demo accounts with changing virtual amounts of up to 100,000€/$/£.

 

BDSwiss Islamic Account

BDSwiss Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Muslim traders in Botswana may convert their Classic, Premium, or VIP accounts to Islamic Accounts, which free them from overnight costs.

How to open an Account with BDSwiss in Botswana

How to open an Account with BDSwiss in Rwanda

👉 To register an account with BDSwiss, Botswana Traders can follow these steps:

➡️ Botswanans can visit BDSwiss’ official website and select the option to register a trading account from the homepage.

➡️ Clients must submit their name, country of residence, birth date, phone number, and email address. Subsequently, an SMS message is used to verify the phone number.

➡️ Individuals must also provide documentation verifying their identification and residence address, as well as pass a simple suitability test.

 

👉 The Know Your Customer (KYC) questionnaire is designed to help brokers determine a potential client’s risk tolerance, understanding of investments, and financial situation.

 

👉 All BDSwiss accounts may be funded using EUR/USD/GBP as the account’s denominating currency. The bare minimum is one hundred euros, dollars, or pound sterling.

 

👉 Forex and CFD trading at BDSwiss is now available in four major account categories – Classic, Premium, Raw, and VIP.

BD Swiss Vs AvaTrade Vs FBS – Broker Comparison

🥇 easyMarkets🥈 AvaTrade🥉 Exness
⚖️ RegulationBVI FSC, CySEC, ASIC, FSACentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROCFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
📱 Trading Platform• easyMarkets Platform
• MetaTrader 4
• MetaTrader 5
• TradingView
• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
• MetaTrader 4
• MetaTrader 5
• Exness App
• Exness Terminal
💰 Withdrawal FeeNoNoNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit300 BWP ($25)1,200 BWP120 BWP
📊 LeverageUp to 1:400• 1:30 (Retail)
• 1:400 (Pro)
Unlimited
📊 SpreadFixed, 0.03 USDFixed, from 0.9 pipsVariable, from 0.0 pips
💰 CommissionsNoneNoneFrom $0.1 per side, per lot
✴️ Margin Call/Stop-Out70%/30%• 25% – 50% (M)
• 10% (S/O)
60%/0%
💻 Order ExecutionMarketInstantInstant

💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoYes
📈 Account Types• Standard Account (Web/App and MT4)
• Premium Account (Web/App and MT4)
• VIP Account (Web/App and MT4)
• Standard Live Account
• Professional Account Option
• Standard Account
• Standard Cent Account
• Raw Spread Account
• Zero Account
• Pro Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsYesNoYes
📊 Botswana Pula AccountNoNoNo
👥 Customer Service Hours24/524/524/7
📊 Retail Investor Accounts315
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size50 lotsUnlimitedUnlimited
💰 Minimum Withdrawal TimeInstant24 to 48 HoursInstant
📊 Maximum Estimated Withdrawal TimeUp to 5 DaysUp to 10 daysUp to 72 hours
💸 Instant Deposits and Instant Withdrawals?YesNoYes

BDSwiss Trading Platforms

BDSwiss Review Trading Platforms

👉 BDSwiss offers Botswana Traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ BDSwiss Mobile

➡️ BDSwiss Web

 

Desktop Platforms

Desktop Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

 

MetaTrader 4

👉 MT4 is a well-known and intuitive industry platform that enables trading anywhere and at any time with advanced charting tools and indicators to help manage risk and provide a better chance of determining price direction. In combination with a BDSwiss account, Botswanan traders can expect some of the best features and trading tools.

 

MetaTrader 5

👉 MetaTrader 5 is the successor to MetaTrader 4 and adds a few additional features, including more advanced trading tools and indicators, to aid in market research and trading, while maintaining the general style and feel of MetaTrader 4, which is known to Botswana traders.

 

👉 More capabilities include advanced order types, over 80 technical indicators, over 40 analytical objects, a variety of charting/analytic options, and additional timeframes.

 

WebTrader Platforms

BDSwiss Review WebTrader

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ BDSwiss Web

 

MetaTrader 4 and 5

👉 MetaTrader4 and MetaTrader5 are available in a variety of configurations including a web-based platform that needs no installation. 

 

👉 Millions of traders around the world use MT4 since the platform is simply excellent with its charting capabilities, a variety of tools, and, most importantly, a large array of add-ons that make trading more enjoyable.

 

👉 MT5, a newer version, has also achieved considerable popularity because of its enhanced tools and detailed analysis choices, which are favoured by both novices and experts. Additionally, there are several techniques to pick from that are beneficial for every trader, beginner, or expert, whether manual or automatic trading using EAs.

 

BDSwiss Web

👉 The exclusive BDSwiss WebTrader is entirely web-based, which means there are no downloads or installations required and you may trade directly from your browser.

 

👉 The platform provides a clear interface and a robust set of analytical capabilities, including technical analysis and risk management tools.

 

Trading App

Trading App

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ BDSwiss Mobile

 

MetaTrader 4

👉 Botswana traders have unfettered access to a comprehensive range of financial products through mobile trading using MetaTrader 4’s BDSwiss app. Numerous MetaTrader 4 functionalities and features have been enhanced for global mobile trading.

 

MetaTrader 5

👉 Customers of BDSwiss can trade a broader range of CFD instruments across many asset classes using the MT5 mobile app, which offers a superior trading experience due to its customizable settings, absence of strategy constraints, decreased slippage, and lightning-fast order execution.

 

BDSwiss Mobile

👉 BDSwiss has created a mobile application, which has been positively received by traders and media alike. All the essential functions are accessible from there, allowing you to do analysis, check on open jobs, manage them, and access your account administration while on the road.

BDSwiss Range of Markets

BDSwiss Range of Markets

👉 Botswana Traders can expect the following range of markets from BDSwiss:

➡️ Forex

➡️ Commodities

➡️ Shares

➡️ Indices

➡️ Cryptocurrencies

 

Financial Instruments and Leverage offered by BDSwiss

🔨 Instrument💰 Number of Assets Offered📈 Max Leverage Offered
➡️ Forex501:1000
➡️ Commodities61:200
➡️ ETFs0
➡️ Indices101:100
➡️ Stocks1411:5
➡️ Cryptocurrency271:5
➡️ Options0
➡️ Bonds0
]

Broker Comparison for Range of Markets

🥇 BD Swiss🥈 AvaTrade🥉 FBS
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsNoYesNo
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyYesYesYes
➡️️ OptionsNoYesNo
➡️️ EnergiesYesYesYes
➡️️ BondsNoYesNo

Overall Rating

Min Deposit

$100

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

BDSwiss Trading and Non-Trading Fees

BDSwiss Review Fees

Spreads

👉 You will be charged different spreads and commissions depending on the account type you choose for your BDSwiss account. Typical spreads on the BDSwiss account types are as follows:

➡️ Classic Account – 1.5 pips EUR/USD

➡️ Premium Account – 1.1 pips EUR/USD

➡️ VIP Account – 1.1 pips EUR/USD

➡️ RAW Account – 0.3 pips EUR/USD

 

Commissions

Commissions

👉 BDSwiss charges fees on some accounts and financial products, especially where Botswanan traders can expect tighter and more competitive spreads. This list of fees varies by account type and should be considered by traders.

➡️ Classic Account – $2 on indices and 0.15% on shares

➡️ VIP Account – 0.15% on shares

➡️ RAW Account – $2 on indices, $5 on forex pairs, 0.15% on shares

 

Overnight Fees, Rollovers, or Swaps

Overnight Fees, Rollovers, or Swap

👉 There are overnight expenses, which range from -0.5 pips on short swaps and -0.7 pips on long swaps on EUR/USD, regardless of the kind of trading account used. Overnight fees on other instruments include:

➡️ GBP/USD – a short swap of -0.7 pips and a long swap of -6.7 pips

➡️ USD/JPY – a short swap of -10.8 pips and a long swap of 0.05 pips

➡️ USD/HKD – a short swap of -8.5 pips and a long swap of -20.0 pips

➡️ USOIL – a short swap of -23.0 pips and a long swap of -39.0 pips

➡️ XAU/USD – a short swap of -3.5 pips and a long swap of -8.2 pips

➡️ XAG/USD – a short swap of -0.05 pips and a long swap of -0.25 pips

➡️ Stocks – a short swap of -2.0 pips and a long swap of -4.0 pips

➡️ NAS100 – a short swap of -4.1706 pips and a long swap of -3.2694 pips

➡️ Cryptocurrencies – short swaps of -100% and long swaps of -100%

 

Deposit and Withdrawal Fees

Deposit and Withdrawal Fees

👉 BDSwiss does not charge any fees for deposits. However, there is a cost for withdrawals of less than 100 EUR, which is subject to a fee of 10 EUR for each withdrawal that falls below this threshold.

 

Inactivity Fees

👉 BDSwiss levies a 10% inactivity fee on accounts that go three consecutive months without any trading activity.

 

Currency Conversion Fees

Currency Conversion Fees

👉 Botswanan traders who deposit funds in currencies other than the GBP, EUR, or USD incur currency conversion fees.

BDSwiss Deposits and Withdrawals

BDSwiss Review Trading Fees

👉 BDSwiss offers the following deposit and withdrawal methods:

➡️ Bank wire transfer

➡️ Debit Card

➡️ Credit Card

➡️ Skrill

➡️ Neteller

 

Broker Comparison: Deposit and Withdrawals

🥇 BD Swiss🥈 AvaTrade🥉 FBS
Minimum Withdrawal Time10 Minutes24 to 48 Hours15 to 20 minutes (maximum 48 hours)
Maximum Estimated Withdrawal TimeBetween 7 to 10 daysUp to 10 daysUp to 7 working days
Instant Deposits and Instant Withdrawals?NoNoInstant Deposits

 

BDSwiss Deposit and Withdrawal Processing time, Minimum Withdrawal Amount

💳 Payment Method✔️ Deposit Processing💳 Withdrawal Processing💸 Min Withdrawal
Bank Wire Transfer2 to 5 days7 to 10 days100 EUR
Debit Card10 minutes2 to 7 daysNone
Credit Card10 minutes2 to 7 daysNone
Skrill10 minutes10 minutesNone
Neteller10 minutes10 minutesNone

How to Deposit Funds with BDSwiss

Deposit Funds with BDSwiss

👉 To deposit funds to an account with BDSwiss, Botswana Traders can follow these steps:

➡️ Log into your BDSwiss profile and select the account to be funded by selecting “Payments” and then “Deposits” from the left-hand navigation bar.

➡️ Indicate the amount to be deposited.

➡️ “Proceed to Pay” will appear after you have selected a payment method.

➡️ After you have confirmed the deposit information on the next page, you must complete any extra steps that could be requested by the payment provider.

BDSwiss Fund Withdrawal Process

BDSwiss Fund Withdrawal Process

👉 To withdraw funds from an account with BDSwiss, Botswana Traders can follow these steps:

➡️ By login onto their protected client site, traders will be able to access the proper menu and choose the option to withdraw money.

➡️ If Botswanans want to withdraw money from their trading account, they must first ensure that the account has been authenticated before proceeding.

➡️ Botswanan traders who want to withdraw monies from their accounts must do so using the same deposit method that they used to finance their accounts.

➡️ The trader must next specify how much money they desire to withdraw and follow any further instructions that may have been given.

➡️ The withdrawal request must be submitted by the trader after the transaction has been completed, and the relevant department will handle it from there.

BDSwiss Education and Research

BDSwiss Review Education And Research

Education

👉 BDSwiss offers the following Educational Materials:

➡️ Forex Glossary

➡️ Educational Videos

➡️ Seminars

➡️ A learning centre

➡️ Live Education

➡️ Forex Basic Lessons

➡️ Forex eBooks

 

Research and Trading Tool Comparison

🥇 AvaTrade🥈 NAGA🥉 Plus500
➡️ Economic CalendarYesYesYes
➡️ VPSYesNoYes
➡️ AutoChartistYesNoNo
➡️ Trading ViewYesYesNo
➡️ Trading CentralYesYesNo
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes

 

👉 BDSwiss offers Botswana Traders the following Research and Trading Tools:

➡️ Currency Heatmap

➡️ Trading Calculators

➡️ Trade Comparison

➡️ Trend Analysis

➡️ Trading Central

➡️ AutoChartist

➡️ Real-Time Trading Alerts

➡️ Special Reports

➡️ Analyst financial commentary

➡️ Live Daily Webinars

➡️ Economic Calendar

➡️ VPS Service

➡️ Daily Analysis of the markets

➡️ Technical Analysis

➡️ Daily Videos

➡️ Weekly Outlook

➡️ Market Insights

BDSwiss Bonuses and Promotions

👉 BDSwiss does not currently offer a sign-up bonus, no-deposit bonus, deposit bonus, or any other promotions or initiatives.

How to open an Affiliate Account with BDSwiss

BDSwiss Review Affiliate Program

👉 To register an Affiliate Account, Botswana Traders can follow these steps:

➡️ Go to the official BDSwiss website and click on the “Partners” option at the top of the homepage, which is located at the top of the main menu.

➡️ A new page will appear, directing potential affiliates to the Partner Page, where they may choose “Start Now.”

➡️ Affiliates may choose their preferred program and register by clicking on the “Register” button.

➡️ After that, affiliates may fill out the registration form and submit it to BDSwiss’ customer service department for review.

 

BDSwiss Affiliate Program Features

👉 Affiliates of the BDSwiss network could be anyone who has a significant online presence. This can be anyone who has an active blog, social media account, instructional Forex centre, or any other digital medium. The ability to earn money while advertising BDSwiss’ goods and services to the affiliate’s target audience are one of the affiliate program’s benefits.

 

👉 To help spread the word about BDSwiss, affiliates may utilize several BDSwiss marketing and tracking tools. Partners must learn about BDSwiss affiliate commission options via the affiliate’s program to benefit from the affiliate’s influence.

 

👉 The following are the benefits that BDSwiss gives to its affiliates:

➡️ One of the highest conversion rates (37%), speedy referral onboarding, specialist contact centres, and a wide range of local and international payment methods all contribute to this success.

➡️ Our multi-product solutions include over 250 CFDs and assets from several asset classes. Platforms that have won several awards are also accessible on several platforms.

➡️ A response rate of 100% with response times of 13 seconds or less. Affiliate managers, as well as personal account managers for VIP referrals, are available.

➡️ Ad serving, tracking, and administration are all critical elements of the best tracking systems.

➡️ In addition, BDSwiss offers independent mobile traffic monitoring, quick and comprehensive reporting performance, and other features.

BDSwiss Customer Support

👉 BDSwiss is well-known for its award-winning customer support that can be reached over several communication channels.

Customer SupportBD Swiss’s Customer Support
⏰ Operating Hours24/5
🗣 Support LanguagesEnglish, French, Italian, Spanish, German, Portuguese
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?No
🥇 Overall quality of BD Swiss Support4/5

BDSwiss Corporate Social Responsibility

BDSwiss Review Social Responsibility

👉 BDSwiss is dedicated to maintaining a high level of social responsibility. BDSwiss does this by instilling the same philanthropic beliefs in employees and building a corporate culture that supports substantial global and local actions aimed at achieving positive change.

 

👉 As part of its CSR initiatives, BDSwiss will give €5,000 to the “Elpida” Foundation for Children with Cancer & Leukaemia in December 2021 for the third year in a row. Because of this wonderful contribution, children getting cancer treatment and their families got financial and psychological help from the hospital.

 

👉 In addition, as part of its ongoing commitment to corporate social responsibility, BDSwiss organized a blood donation drive in Limassol on December 10, 2021. BDSwiss employees, colleagues, friends, and family members all contributed to the effort by providing blood and arranging the camp.

Our Verdict on BDSwiss

👉 BDSwiss is a multi-asset broker that provides a variety of services to assist you to discover the perfect match for your trading style. BDSwiss’ broad approach is best exemplified in the areas in which it has received awards and recognition.

 

👉 In 2021, BDSwiss won industry awards for market analysis, teaching materials, and its mobile trading app. These are supplemented by awards in 2020 for best trading conditions, CFD products, and partnership programs.

BD Swiss Pros and Cons

✔️ Pros❌ Cons
BDSwiss is multi-regulated and offers high liquidityWithdrawal fees are charged
There is a range of markets that can be tradedThere are no local deposit or withdrawal methods offered to Botswanan traders
BDSwiss offers competitive trading conditions and a choice between account typesThere is no desktop version of the BDSwiss trading platform
There is optimal service offered by prompt and dedicated customer support
There are user-friendly and flexible trading platforms offered
BDSwiss offers a large range of trading tools and research
There are educational materials offered to beginner Botswanan traders
There is an industry-standard deposit requirement when Botswanan traders register an account

Overall Rating

Min Deposit

$100

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

FAQ

Can you buy stocks with BDSwiss?

Yes, BDSwiss offers Botswanan traders’ stock CFDs that can be traded, allowing them to profit from the rise and fall of stock prices without traders owning the underlying instrument. Another benefit of trading stocks with BDSwiss is that Botswanans can make use of leverage up to 1:5 stock CFDs.

 

Is BDSwiss regulated?

Yes, BDSwiss is regulated by CySEC, FSC, BaFIN, and FSA.

 

What is the minimum deposit for BDSwiss?

The minimum deposit for BDSwiss starts from 1,200 BWP or an equivalent to 100 USD.

 

Is BDSwiss a Market Maker?

Yes, BDSwiss is both a Straight-Through Processing (STP) and Market Maker broker, with the dealing desk determining the execution method of Botswanan traders’ orders.

 

Does BDSwiss have Volatility 75?

No, BDSwiss does not currently offer Botswanan traders access to VIX 75 but offers a range of other instruments that can help traders diversify their trading and investment portfolios.

 

Does BDSwiss have Nasdaq?

Yes, BDSwiss offers Botswanan traders access to NASDAQ at competitive rates.

 

What is the minimum withdrawal with BDSwiss?

Most payment methods do not have a minimum withdrawal. However, when using bank wire, there is a minimum withdrawal of 100 EUR, or an equivalent in other currencies.

 

What leverage does BDSwiss offer?

BDSwiss offers extremely high leverage up to 1:1000 on major instruments such as EUR/USD on the Premium Account.

 

How long do withdrawals take with BDSwiss?

Withdrawal processing times will depend on the payment method you use and can take between 10 minutes up to 10 days.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with BDSwiss?

➡️ What was the determining factor in your decision to engage with BDSwiss?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with BDSwiss such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (1 vote)

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