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
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
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 Review – 23 key points quick overview:
- ✅ Exness Overview
- ✅ Exness At a Glance
- ✅ Exness Regulation and Safety of Funds
- Exness Awards and Recognition
- Exness Account Types and Features
- How to open an Account with Exness in Botswana
- Exness Vs FBS Vs AvaTrade – Broker Comparison
- Exness Trading Platforms
- Exness Range of Markets
- Broker Comparison for Range of Markets
- Exness Trading and Non-Trading Fees
- Exness Deposits and Withdrawals
- How to Deposit Funds with Exness
- Exness Fund Withdrawal Process
- Exness Education and Research
- Exness Bonuses and Promotions
- How to open an Affiliate Account with Exness
- Exness Affiliate Program Features
- Exness Customer Support
- Exness Corporate Social Responsibility
- Our Verdict on Exness
- Exness Pros and Cons
- FAQ
BD Swiss 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
| 🏛 Headquartered | Seychelles |
| 🌎 Global Offices | Cyprus, 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 Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2012 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook • YouTube • Blog • Telegram |
| ⚖️ Regulation | CySEC, 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 Regulation | No |
| ✔️ Regional Restrictions | The United States, Belgium, and other OFAC sanctioned regions |
| ☪️ Islamic Account | No |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 4 |
| ✔️ PAMM Accounts | None |
| 💻 Liquidity Providers | None indicated |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Instant, Market |
| 📊 Starting spread | From 0.3 pips |
| 📉 Minimum Commission per Trade | From 0.15% |
| 💰 Decimal Pricing | 5 points after the comma |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | No |
| 📈 Maximum Leverage | 1:1000 |
| 📊 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 Stats | 250,000+ |
| 👥 Active Botswana-based BD Swiss customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • Bank wire transfer • Debit Cards • Credit Cards • Skrill • Neteller |
| 💻 Minimum Withdrawal Time | 10 minutes |
| ⏰ Maximum Estimated Withdrawal Time | 7 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 Spread | N/A |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes, only for Partners |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Botswana-based customer support? | No |
| 💸 Bonuses and Promotions for Botswanans? | Yes |
| 📚 Education for Botswanan beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is BD Swiss a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for BD Swiss Botswana | 9/10 |
| 🥇 Trust score for BD Swiss Botswana | 83% |
| 👉 Open Account | 👉 Open Account, |
BDSwiss Regulation and Safety of Funds
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 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’ 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 |
| ➡️ Classic | 1,200 BWP/$100 | 1.5 pips | 0.15% Indices | 15 USD |
| ➡️ VIP | 36,000 BWP or $3,000 | 1.1 pips | 0.15% Shares | 11 USD |
| ➡️ RAW | 60,000 BWP or $5,000 | 0.3 pips | From 0.15% | 8 USD |
| ➡️ Premium | 1,200 BWP/$100 | 1.1 pips | None | 11 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 Feature | Value |
| ⬆️ Average Spread on EUR/USD | 1.5 pips |
| 📊 Maximum Leverage | 1:500 |
| 📉 Tradable Instruments | Over 250 |
| 📈 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies CFDs |
| 💸 Commissions per round lot | • $2 on Indices • 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 📱 Platforms available | All |
| 🚨 Are trading alerts offered? | Limited Access granted |
| ✔️ AutoChartist Performance Stats offered? | Yes, with a 6,000 BWP minimum deposit |
| 📞 Personal Account Manager | Yes, with a 12,000 BWP minimum deposit |
| 📊 Priority Service | No |
| 🔨 AutoChartist Standard Tools | Yes |
| ✔️ Access to Trading Central? | Yes |
| 💻 Trading Academy and Live Webinars | Yes |
| ✔️ Trade Companion offered? | No |
| ☪️ Islamic Account option? | Yes |
| ✅ VIP Webinars | No |
| 📞 24/5 Customer Service and Support? | Yes |
| ✔️ Minimum deposit requirement | 1,200 BWP or an equivalent to $100 |
Premium Account
👉 This is the next account level, which offers further benefits and capabilities to Botswana traders, as shown in the table below.
| Account Feature | Value |
| ⬆️ Average Spread on EUR/USD | 1.1 pips |
| 📊 Maximum Leverage | 1:1000 |
| 📉 Tradable Instruments | Over 70 |
| 📈 Available Assets | • Forex CFDs • Commodities CFDs |
| 💸 Commissions per round lot | None |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only Credit Cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 📱 Platforms available | BDSwiss 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 Manager | Yes, with a 12,000 BWP minimum deposit |
| 📊 Priority Service | Yes |
| 🔨 AutoChartist Standard Tools | Yes |
| ✔️ Access to Trading Central? | Yes |
| 💻 Trading Academy and Live Webinars | No |
| ✔️ Trade Companion offered? | Yes |
| ☪️ Islamic Account option? | Yes |
| ✅ VIP Webinars | No |
| 📞 24/5 Customer Service and Support? | Yes |
| ✔️ Minimum deposit requirement | 1,200 BWP or an equivalent to $100 |
VIP Account
👉 This is the BDSwiss Professional account, which is tailored to professional traders and investors seeking the finest trading conditions and extra features.
| Account Feature | Value |
| ⬆️ Average Spread on EUR/USD | 1.1 pips |
| 📊 Maximum Leverage | 1:500 |
| 📉 Tradable Instruments | Over 250 |
| 📈 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies CFDs |
| 💸 Commissions per round lot | 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only Credit Cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 📱 Platforms available | All |
| 🚨 Are trading alerts offered? | VIP Access |
| ✔️ AutoChartist Performance Stats offered? | Yes |
| 📞 Personal Account Manager | Yes |
| 📊 Priority Service | Yes |
| 🔨 AutoChartist Standard Tools | Yes |
| ✔️ Access to Trading Central? | Yes |
| 💻 Trading Academy and Live Webinars | Yes |
| ✔️ Trade Companion offered? | Yes |
| ☪️ Islamic Account option? | Yes |
| ✅ VIP Webinars | No |
| 📞 24/5 Customer Service and Support? | Yes |
| ✔️ Minimum deposit requirement | 36,000 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 Feature | Value |
| ⬆️ Average Spread on EUR/USD | 0.3 pips |
| 📊 Maximum Leverage | 1:500 |
| 📉 Tradable Instruments | Over 250 |
| 📈 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies CFDs |
| 💸 Commissions per round lot | • $2 on Indices • $5 on all forex currency pairs • 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only Credit Cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 📱 Platforms available | BDSwiss Mobile, BDSwiss Web, MetaTrader 4 |
| 🚨 Are trading alerts offered? | VIP Access |
| ✔️ AutoChartist Performance Stats offered? | Yes |
| 📞 Personal Account Manager | Yes |
| 📊 Priority Service | Yes |
| 🔨 AutoChartist Standard Tools | Yes |
| ✔️ Access to Trading Central? | Yes |
| 💻 Trading Academy and Live Webinars | Yes |
| ✔️ Trade Companion offered? | Yes |
| ☪️ Islamic Account option? | No |
| ✅ VIP Webinars | No |
| 📞 24/5 Customer Service and Support? | Yes |
| ✔️ Minimum deposit requirement | 60,000 BWP or an equivalent to $5,000 |
BDSwiss Base Account Currencies
👉 Botswanan traders may only open a trading account with BDSwiss using USD, GBP, or EUR as their base account currency.
👉 This is a disappointing constraint in compared to many other overseas brokers since it means that Botswanans with BWP bank accounts may have to pay conversion costs on all deposits and withdrawals. Trading may become expensive owing to conversion charges, which are often concealed from view on the fee report but have an influence on profitability.
BDSwiss Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and BDSwiss offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
👉 Additionally, BDSwiss provides a Forex or CFD “Demo Account,” which enables new traders to practise their trading skills on risk-free Demo accounts with changing virtual amounts of up to 100,000€/$/£.
BDSwiss Islamic Account
👉 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
👉 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 | |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | FSA, 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 Fee | No | No | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 300 BWP ($25) | 1,200 BWP | 120 BWP |
| 📊 Leverage | Up to 1:400 | • 1:30 (Retail) • 1:400 (Pro) | Unlimited |
| 📊 Spread | Fixed, 0.03 USD | Fixed, from 0.9 pips | Variable, from 0.0 pips |
| 💰 Commissions | None | None | From $0.1 per side, per lot |
| ✴️ Margin Call/Stop-Out | 70%/30% | • 25% – 50% (M) • 10% (S/O) | 60%/0% |
| 💻 Order Execution | Market | Instant | Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | Yes |
| 📈 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 Regulation | No | No | No |
| 💳 BWP Deposits | Yes | No | Yes |
| 📊 Botswana Pula Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 3 | 1 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots | Unlimited | Unlimited |
| 💰 Minimum Withdrawal Time | Instant | 24 to 48 Hours | Instant |
| 📊 Maximum Estimated Withdrawal Time | Up to 5 Days | Up to 10 days | Up to 72 hours |
| 💸 Instant Deposits and Instant Withdrawals? | Yes | No | Yes |
BDSwiss Trading Platforms
👉 BDSwiss offers Botswana Traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Mobile
➡️ BDSwiss Web
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
➡️ 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
➡️ 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
👉 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 |
| ➡️ Forex | 50 | 1:1000 |
| ➡️ Commodities | 6 | 1:200 |
| ➡️ ETFs | 0 | – |
| ➡️ Indices | 10 | 1:100 |
| ➡️ Stocks | 141 | 1:5 |
| ➡️ Cryptocurrency | 27 | 1:5 |
| ➡️ Options | 0 | – |
| ➡️ Bonds | 0 | – |
Broker Comparison for Range of Markets
| 🥇 BD Swiss | 🥈 AvaTrade | 🥉 FBS | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | Yes | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | Yes | No |
Overall Rating
- 4.7/5
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
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
👉 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
👉 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
👉 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
👉 Botswanan traders who deposit funds in currencies other than the GBP, EUR, or USD incur currency conversion fees.
BDSwiss Deposits and Withdrawals
👉 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 Time | 10 Minutes | 24 to 48 Hours | 15 to 20 minutes (maximum 48 hours) |
| Maximum Estimated Withdrawal Time | Between 7 to 10 days | Up to 10 days | Up to 7 working days |
| Instant Deposits and Instant Withdrawals? | No | No | Instant Deposits |
BDSwiss Deposit and Withdrawal Processing time, Minimum Withdrawal Amount
| 💳 Payment Method | ✔️ Deposit Processing | 💳 Withdrawal Processing | 💸 Min Withdrawal |
| Bank Wire Transfer | 2 to 5 days | 7 to 10 days | 100 EUR |
| Debit Card | 10 minutes | 2 to 7 days | None |
| Credit Card | 10 minutes | 2 to 7 days | None |
| Skrill | 10 minutes | 10 minutes | None |
| Neteller | 10 minutes | 10 minutes | None |
How to 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
👉 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
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 Calendar | Yes | Yes | Yes |
| ➡️ VPS | Yes | No | Yes |
| ➡️ AutoChartist | Yes | No | No |
| ➡️ Trading View | Yes | Yes | No |
| ➡️ Trading Central | Yes | Yes | No |
| ➡️ Market Analysis | Yes | Yes | Yes |
| ➡️ News Feed | Yes | Yes | Yes |
| ➡️ Blog | Yes | Yes | Yes |
👉 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
👉 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 Support | BD Swiss’s Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🗣 Support Languages | English, French, Italian, Spanish, German, Portuguese |
| 🗯 Live Chat | Yes |
| 📧 Email Address | Yes |
| ☎️ Telephonic Support | Yes |
| 📞 Local Support in Botswana? | No |
| 🥇 Overall quality of BD Swiss Support | 4/5 |
BDSwiss Corporate 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 liquidity | Withdrawal fees are charged |
| There is a range of markets that can be traded | There are no local deposit or withdrawal methods offered to Botswanan traders |
| BDSwiss offers competitive trading conditions and a choice between account types | There 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
- 4.7/5
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.
