BDSwiss Account Types
Overall, BD Swiss provides 4 different account types, the Classic account, a Premium account, a VIP account, and the RAW Account. The Islamic account and demo account options are also available. BD Swiss has an overall Trust Score of 9 out of 10.
- Louis Schoeman
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Account Types Overview
Account Types
Account Features
Pros and Cons
Final Verdict
FAQ
Min Deposit
$10 / 136 BWP
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 Account Types – 9 key points quick overview:
BDSwiss Botswana 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 has made a name for itself in the world of online trading ever since the company was founded in 2012. The company offers a well-selected assortment of goods and services that were developed with a variety of customers in mind.
👉 BDSwiss provides its professional traders and institutional customers with the superior tools they need, in addition to offering support, instructional materials, and frequently updated research.
👉 In addition, the provision of services such as AutoChartist, professional fund management solutions, real-time alerts, and virtual private server (VPS) connection guarantees that all its customers enter the market equipped with all the appropriate resources.
👉 Traders of all levels will be able to experience and appreciate the outstanding value that is provided by BDSwiss, which includes raw variable spreads that may start as low as 0.0 pips, institutional quality liquidity, and speedy execution. Traders will be able to take advantage of these features.
👉 BDSwiss has clients from around the world and these areas have the largest distributions:
➡️ Germany – 16.7%
➡️ Poland – 9.03%
➡️ India – 8.9%
➡️ South Africa – 6.7%
➡️ Cyprus – 6.5%
BDSwiss 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) | 186 Botswanan Pula or an equivalent to $10 |
✔️ 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 Account Types
👉 BDSwiss provides Botswana traders of all skill levels with a choice between four different dynamic retail investor accounts. These accounts provide traders access to global financial markets and competitive trading conditions.
👉 The live account options offered by BDSwiss include:
➡️ 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 | 38,800 BWP or $3,000 | 1.1 pips | 0.15% Indices | 11 USD |
RAW | 64,700 BWP or $5,000 | 0.3 pips | 0.15% | 8 USD |
Premium | 1,200 BWP /$100 | 1.1 pips | None | 11 USD |
BDSwiss Account Features
Classic Account
👉 Most Botswana traders, regardless of their trading styles or levels of expertise, use this basic and beginner-friendly trading account. It is highly popular among Botswana traders.
💠 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 6,400 BWP minimum deposit |
🎓 Personal Account Manager | Yes, with a 12,900 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 | $10 / 134 BWP |
Premium Account
👉 As can be seen in the table that follows, this is the next account level for Botswana traders, and it comes with a greater number of features and benefits than the previous one.
💠 Account Feature | 💰 Value |
📈 Average Spread on EUR/USD | 1.1 pips |
📈 Maximum Leverage | 1:1000 |
🔆 Tradable Instruments | Over 70 |
📈 Available Assets | Forex CFDs Commodities CFDs |
🔎 Commissions per round lot | None |
✴️ Margin Call | 50% |
📊 Stop-out level | 20% |
💳 Instant Withdrawals offered? | Yes, only Credit Cards up to 2,000 €/$/£ |
💳 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 6,400 BWP minimum deposit |
🎓 Personal Account Manager | Yes, with a 12,900 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 $100 |
VIP Account
👉 This is the BDSwiss Professional account, which is meant for experienced traders and investors who demand the finest possible trading circumstances in addition to extra features. Those who qualify for this account will have access to all the BDSwiss trading platforms.
💠 Account Feature | 💰 Value |
📈 Average Spread on EUR/USD | 1.1 pips |
📈 Maximum Leverage | 1:500 |
🔆 Tradable Instruments | Over 250 |
📈 Available Assets | Forex CFDs Stocks CFDs Indices CFDs Commodities CFDs Cryptocurrencies CFDs |
🔎 Commissions per round lot | 0.15% on Shares |
✴️ Margin Call | 50% |
📊 Stop-out level | 20% |
💳 Instant Withdrawals offered? | Yes, only Credit Cards up to 2,000 €/$/£ |
💳 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 | Yes |
👨💼 24/5 Customer Service and Support? | Yes |
💳 Minimum deposit requirement | 38,800 or an equivalent to $3,000 |
Raw Account
👉 Scalpers, day traders, and other high-volume traders who trade at a quick pace may benefit from opening a trading account with this broker since it offers the tightest spreads.
💠 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 | Yes |
👨💼 24/5 Customer Service and Support? | Yes |
💳 Minimum deposit requirement | 64,700 BWP or an equivalent to $5,000 |
BDSwiss Demo Account
👉 Because demo accounts are available, BDSwiss’ site is open to newcomers who are looking to get additional expertise. A minimal beginning minimum deposit amount is required to open a demo account.
👉 In addition, the Trading Academy offers comprehensive training courses, and there are even regular webinars meant to keep traders and demo account holders aware of daily changes in capital and market conditions overall.
👉 Demo accounts provide individuals with little experience with BDSwiss trading with the opportunity to learn the basics of the platform.
👉 Demo accounts do not carry any financial risk, therefore traders who use them do not have to worry about the increased likelihood of losing their money due to their smaller deposits. The trading of binary options is another financial strategy that carries a significant level of danger.
👉 To have demo money added to your demo account, you will first need to register for the demo account and then contact your account manager.
👉 The demo account for Forex and CFD trading allows traders to practice and refine their skills with risk-free virtual balances of up to 100,000€/$/£.
BDSwiss Islamic Account
👉 Botswana forex traders can keep their trading positions open for more than 24 hours on a trading day. This length of time is determined by the trading style and trading strategy of the forex trader.
👉 This indicates that the trader may be responsible for paying an overnight or rollover fee. As a result of the fact that this specific type of interest is forbidden under the Riba principles of Sharia law, Muslim traders often face restrictions while engaging in forex trading.
👉 Muslim traders in Botswana have the option of converting their Classic, Premium, or VIP accounts into Islamic Accounts, which release them from the responsibility of paying overnight fees.
Min Deposit
$10 / 136 BWP
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 Botswana Pros and Cons
✔️ Pros | ❌ Cons |
BDSwiss is a reputable MT4 and MT5 broker that offers STP and ECN execution on trades | Botswanans are subject to fees on withdrawals |
Botswanans can expect competitive trading conditions across all asset classes | Local deposits and withdrawals are not available to Botswanan traders |
There is an impressive range of instruments that can be traded | BWP is not a supported deposit currency or base currency for a retail trading account |
BDSwiss is well-regulated and experiences high trading volumes and liquidity | |
There is a superb customer support team available to assist with queries | |
BDSwiss offers experienced traders several useful tools, and educational materials are offered to beginner traders | |
The minimum deposit requirement on entry-level accounts makes it possible for any trader to sign up and start trading with BDSwiss |
Verdict on BDSwiss
👉 Overall, BDSwiss is very competitive in terms of its trading fees and spreads.
FAQ
Is BDSwiss regulated?
BDSwiss is regulated by CySEC, FSC, BaFIN, and FSA.
Is BDSwiss an ideal broker for beginners?
Yes, apart from the demo account, BDSwiss also offers a plethora of educational materials, including eBooks, basic lessons, seminars, a comprehensive glossary, educational videos, and more.
Can I register a BWP-denominated account with BDSwiss?
No, you cannot use Botswanan Pula as the base currency of your account. However, when registering an account with BDSwiss, you can choose between USD, GBP, or EUR.
Can I register a demo account with BDSwiss?
Yes, BDSwiss offers a demo account funded with 100,000 USD, EUR, or GBP in virtual funds.
Is there an Islamic Account when I trade with BDSwiss?
Yes, BDSwiss allows Muslim traders to register a Classic, Premium, or VIP account that can be converted to a Swap-Free option.
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.