BD Swiss Review
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 is currently not regulated by the CMA of Uganda
- Louis Schoeman
Updated : March 27, 2023
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
USD 100 / 350,000 UGX
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 Review – 25 key points quick overview:
BDSwiss Overview- BDSwiss At a Glance
- BDSwiss Regulation and Safety of Funds
- BDSwiss Awards and Recognition
- BDSwiss Account Types and Features
- How to open an Account with BDSwiss
- BDSwiss Vs eToro Vs Plus500 – Broker Comparison
- BDSwiss Trading Platforms
- BDSwiss Range of Markets
- Broker Comparison for Range of Markets
- BDSwiss Trading and Non-Trading Fees
- BDSwiss Deposits and Withdrawals
- How to Deposit Funds with BDSwiss
- BDSwiss Fund Withdrawal Process
- BDSwiss Education and Research
- BDSwiss Bonuses and Promotions
- How to open an Affiliate Account with BDSwiss
- BDSwiss Affiliate Program Features
- BDSwiss Customer Support
- BDSwiss Corporate Social Responsibility
- Verdict on BDSwiss
- BDSwiss Pros and Cons
- BDSwiss Current Popularity Trends
- Frequently Asked Questions
- Conclusion
BDSwiss Overview
👉 BDSwiss Accepts Ugandan 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.
👉 BDSwiss, which was founded in 2012, is a respectable and well-regulated broker with a huge worldwide client base. It provides trading on a large variety of products, including Forex, commodities, stocks, indices, and several cryptocurrencies, which is much more than other brokers provide.
👉 Since the approach of the business’s formation stems from Switzerland, its solid foundation is reinforced by the wonderful atmosphere that the company has created. This BDSwiss review for Uganda 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
🥇 BDSwiss is a modest but feasible alternative for Ugandan traders, and it is listed among the top 100 brokers in the nation even though it only has a little but viable market presence in the country.
BDSwiss At a Glance
| 🏛 Headquartered | Seychelles |
| 🏙 Local office in Kampala? | No |
| ✅ Accepts Uganda traders? | Yes |
| 🗓 Year Founded | 2012 |
| 📞 Uganda traders Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • YouTube • Blog • Telegram |
| ⚖️ Regulation | CySEC, FSC, BaFIN, FSA |
| 🪪 License Number | • Cyprus – 199/13 • Mauritius – C116016172 • Germany – 10134687 • Seychelles – SD047 |
| ⚖️ CMA Uganda Regulation | None |
| 🚫 Regional Restrictions | The United States, Belgium, and other OFAC sanctioned regions |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 4 |
| 📊 PAMM Accounts | None |
| 🤝 Liquidity Providers | None indicated |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Instant, Market |
| 📊 Average spread | From 0.3 pips |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 20% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a UGX Account? | No |
| 👨💻 Dedicated Uganda traders Account Manager? | No |
| 📊 Maximum Leverage | 1:1000 |
| 🚫 Leverage Restrictions for Uganda? | No |
| 💰 Minimum Deposit | 350,000 UGX or an equivalent to $100 |
| ✅ Uganda Shilling Deposits Allowed? | No, only USD, GBP, EUR |
| 📊 Active Uganda traders Trader Stats | 150,000+ |
| 👥 Active Uganda traders-based BDSwiss customers | Unknown |
| 💳 Uganda Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
| 💵 Deposit and Withdrawal Options | • Bank wire transfer • Debit Cards • Credit Cards • Skrill • Neteller |
| 🏦 Segregated Accounts with Uganda traders Banks? | No |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web |
| ✔️ Tradable Assets | • Forex • Commodities • Shares • Indices • Cryptocurrencies |
| 💸 Offers USD/UGX currency pair? | No |
| 📈 USD/UGX Average Spread | N/A |
| 📉 Offers Uganda traders Stocks and CFDs | No |
| 🗣 Languages supported on 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 |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Uganda traders-based customer support? | No |
| ✅ Bonuses and Promotions for Uganda traders | None |
| 📚 Education for Uganda beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Ugandan Trader | Unknown |
| ✅ Is BDSwiss a safe broker for Ugandan traders? | Yes |
| 📊 Rating for BDSwiss Uganda | 9/10 |
| 🤝 Trust score for BDSwiss Uganda | 78% |
| 👉 Open an account | 👉 Open Account |
BDSwiss Regulation and Safety of Funds
BDSwiss Regulation in Uganda
BDSwiss is a subsidiary of a globally operating business headquartered in Zug, Switzerland. The BDSwiss Group is licensed and registered in many countries but does not hold regulations with the Capital Markets Authority (CMA) in Uganda.
BDSwiss Global Regulations
BDS Markets is regulated and approved by the Mauritius Financial Services Commission (FSC).
The Cyprus Securities and Exchange Commission (CySEC) has authorized and licensed BDSwiss Holding PLC. BDSwiss GmbH is BDSwiss Holding PLC’s registered tied agent in Germany, governed by BaFIN with license number 10134687.
Additionally, BDS Ltd. is registered and regulated by the Seychelles Financial Services Authority (FSA) under license number SD047.
BDSwiss Holding PLC is governed by the Markets in Financial Instruments Directive (MiFID), which improves market transparency and harmonizes regulatory disclosure requirements for certain markets in the European Union.
This kind of regulation helps reassure potential customers that they are working with a safe and trustworthy broker.
BDSwiss Client Fund Security and Safety Features
As a regulated investment business, BDSwiss must comply with all applicable European and local rules and regulations governing the provision of investment services, the conduct of investment activities, and the functioning of regulated markets.
BDSwiss does not keep customer cash in the company’s bank accounts. They are separated into top-tier banks to prevent them from being utilized for other purposes, such as operating expenditures. Client monies should be immediately and efficiently accessible for withdrawal.
All customer information is encrypted using innovative security software and is kept encrypted and not shared with other parties.
BDSwiss Awards and Recognition
BDSwiss has won several different industry awards during its time in operation, with the most recent as follows:
➡️ In 2021, BDSwiss won the award for being the “Best FX Education & Research Provider”, issued by the World Finance Awards.
➡️ In 2021, the Global Banking and Finance Awards issued BDSwiss the “Best Mobile Trading Platform in Europe” Award.
➡️ In 2020, BDSwiss won the “Best FX & CFD Provider” award which was issued during the International Investor Awards.
BDSwiss Account Types and Features
BDSwiss’ four retail investor accounts provide a total of more than 250 different financial products. These are the user accounts that are currently available:
➡️ Classic Account
➡️ Premium Account
➡️ VIP Account
➡️ RAW Account
BDSwiss Live Trading Accounts
Classic Account
This is a fundamental trading account that is quite popular with average Ugandan traders, regardless of their trading style or level of experience.
| Account Features | 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 1,700,000 UGX minimum deposit ($500) |
| 👨💻 Personal Account Manager | Yes, with a 3,500,000 UGX minimum deposit ($1,000) |
| 1️⃣ 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 | 350,000 UGX or an equivalent to $100 |
Premium Account
As stated in the table below, this is the next account level, which provides further advantages and capabilities to Uganda traders.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 1.1 pips |
| 📈 Maximum Leverage | 1:1000 |
| 💵 Tradable Instruments | Over 70 |
| 💸 Available Assets | • Forex CFDs • Commodities CFDs |
| 💰 Commissions per round lot | None |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 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 1,700,000 UGX minimum deposit ($500) |
| 👨💻 Personal Account Manager | Yes, with a 3,500,000 UGX minimum deposit ($1,000) |
| 1️⃣ 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 | 350,000 UGX or an equivalent to $100 |
VIP Account
This is the BDSwiss Professional account, which is designed specifically for professional traders and investors who are looking for the best trading conditions and additional features available on the market.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 1.1 pips |
| 📈 Maximum Leverage | 1:500 |
| 💵 Tradable Instruments | Over 250 |
| 💸 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies • CFDs |
| 💰 Commissions per round lot | 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 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 |
| 1️⃣ 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 | 10,600,000 UGX or an equivalent to $3,000 |
Raw Account
This is a trading account that provides the narrowest spreads for scalpers, day traders, and other high-volume traders who trade at a rapid speed.
| Account Features | 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 • $5 on all forex currency pairs • 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 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 |
| 1️⃣ 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 | 17,000,000 UGX or an equivalent to $5,000 |
BDSwiss Base Account Currencies
With BDSwiss, Ugandan traders can only register a trading account with USD, GBP, or EUR as their base account currency.
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.
The demo account is a 100,000 USD, EUR, or GBP risk-free live market playground where traders and analysts can practice trading and analysis techniques. The demo account has no expiration date, enabling traders to conduct an in-depth review of BDSwiss and its trading platforms at their leisure.
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.
BDSwiss offers Muslim traders the opportunity to convert either their Classic, Premium, or VIP account into a Swap-Free Islamic account, exempting them from any overnight fee.
How to open an Account with BDSwiss
To register an account with BDSwiss, Uganda traders can follow these steps:
Step 1 – Go to BDSwiss website to sign up.
➡️ You can click on any buttons on the website to go to the registration page.
Step 2 – Fill in your personal details as requested.
➡️ Provide your personal information in order to complete the registration process.
Step 3 – Submit documents requests for validation.
➡️ This is a mandatory step for all traders to complete the registration process.
Step 4 – Receive your login credentials
➡️ Upon approval you will receive the login credentials to start trading with your newly created BDSwiss account.
BDSwiss Vs eToro Vs Plus500 – Broker Comparison
| BDSwiss | eToro | Plus500 | |
| ⚖️ Regulation | CySEC, FSC, BaFIN, FSA | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA | ASIC, FMA, FSCA, FCA, CySEC, FSA, MAS |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web | • eToro proprietary platform | • Plus500 mobile and web-based trading platform |
| 💰 Withdrawal Fee | Yes, <100 EUR withdrawals | Yes | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 350,000 UGX | 730,000 UGX | 350,000 UGX |
| 📈 Leverage | Up to 1:1000 | 1:30 (Retail) 1:400 (Professional | 1:30 |
| 📊 Spread | From 0.3 pips | From 1 pip | 0.8 pips |
| 💰 Commissions | $2 to $5 | None | None |
| ✴️ Margin Call/Stop-Out | 50%/20% | None indicated | None |
| ✴️ Order Execution | Instant/Market | Market/Instant | None |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | In Progress | No | Yes |
| 📈 Account Types | • Classic Account • Premium Account • VIP Account • RAW Account | • Retail Account • Professional Account | • Standard Live Account |
| ⚖️ CMA Regulation | No | No | No |
| 💳 UGX Deposits | No | No | No |
| 📊 Uganda Shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/6 | 24/7 |
| 📊 Retail Investor Accounts | 4 | 1 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 350,000 UGX
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 Platforms
BDSwiss offers Uganda traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Mobile
➡️ BDSwiss Web
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
In the financial sector, MT4 is a well-known and straightforward platform that allows traders to trade from anywhere and at any time using powerful charting tools and indicators to assist manage risk and improve their chances of correctly predicting price direction.
Ugandan traders who use a BDSwiss account can make use of some of the most advanced features and trading tools available.
MetaTrader 5
MetaTrader 5 is the successor to MetaTrader 4 and adds a few new features, including more complex trading tools and indicators, to help with market research and trading, while retaining the basic design and feel of MetaTrader 4, which Uganda traders are familiar with.
Advanced order types, over 80 technical indicators, over 40 analytical objects, a range of charting/analytic choices, and different periods are among the additional possibilities.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Web
MetaTrader 4 and 5
MetaTrader4 and MetaTrader5 are accessible as web-based platforms with no installation required. Millions of traders use MT4 because of its superb charting, tools, and most significantly, add-ons that can help traders refine and improve their trading strategies across financial markets.
MT5, a newer version of the software is also quite popular because of its additional capabilities and extensive analysis options. Ugandan traders are also given access to several trading strategies to choose from, whether manual or automated trading using EAs.
BDSwiss Web
In-house BDSwiss WebTrader is a simple, fast, and reliable trading platform that can be used on any browser and operating system without the need for any other software.
Many tools and indications are available, as well as an order window that may be tailored to suit your needs. Additionally, BDSwiss App and MetaTrader 4 are fully interoperable, and BDSwiss Web is available in over 24 languages.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Mobile
MetaTrader 4
Ugandan traders have unrestricted access to a wide range of financial products via mobile trading via MetaTrader 4’s BDSwiss app. Several MetaTrader 4 operations and features have been updated to support worldwide mobile trading.
MetaTrader 5
BDSwiss customers may now trade a wider choice of CFD instruments across several asset classes using the MT5 mobile app, which provides a better trading experience thanks to its adjustable settings, lack of strategy limits, reduced slippage, and lightning-fast order execution.
BDSwiss Mobile
BDSwiss has developed a mobile application that is appreciated by both retail traders in Uganda and the media around the world. All the necessary operations are available from there, enabling you to do analysis, check on open tasks, manage them, and access your account administration while on the road.
BDSwiss Range of Markets
Uganda traders can expect the following range of markets from BDSwiss:
➡️ Forex
➡️ Commodities
➡️ Shares
➡️ Indices
➡️ Cryptocurrencies
Broker Comparison for Range of Markets
| AvaTrade | Exness | JustMarkets | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | Yes |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | No |
BDSwiss Trading and Non-Trading Fees
Spreads
BDSwiss offers its customers narrow spreads on a broad variety of products, regardless of account type. The variable spreads that Ugandan traders can expect from BDSwiss 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
When you start and close your position in stock CFDs, a small fee is removed by BDSwiss to cover the broker’s fee for facilitating the trade. Traders should be aware of this list of fees, which varies by account type.
➡️ 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
Positions that are held overnight are subject to exchange costs charged by BDSwiss. Each night that a position is held results in interest being paid (or earned).
With Forex instruments, the amount charged is determined by the positions taken (whether long or short) as well as the rate differentials between the two currencies exchanged. The swap rates offered by BDSwiss are available on the official website for every instrument.
Some of the typical overnight fees that Ugandan traders can expect are as follows:
➡️ GBP/USD – a short swap of -0.7 and a long swap of -6.7
➡️ USD/JPY – a short swap of -10.8 and a long swap of 0.05
➡️ USD/HKD – a short swap of -8.5 and a long swap of -20.0
➡️ USOIL – a short swap of -23.0 and a long swap of -39.0
➡️ XAU/USD – a short swap of -3.5 and a long swap of -8.2
➡️ XAG/USD – a short swap of -0.05 and a long swap of -0.25
➡️ Stocks – a short swap of -2.0 and a long swap of -4.0
➡️ NAS100 – a short swap of -4.1706 and a long swap of -3.2694
➡️ Cryptocurrencies – short swaps of -100% and long swaps of -100%
Deposit and Withdrawal Fees
BDSwiss does not charge any fees for deposits except a charge of 10 EUR for any withdrawal that is less than 100 EUR.
Inactivity Fees
If a BDSwiss account is inactive for more than three months, BDSwiss imposes a 10% inactivity fee.
Currency Conversion Fees
It is necessary to pay currency conversion fees if deposits are made by Namibian traders in a currency other than the British pound, the euro, or the US dollar.
BDSwiss Deposits and Withdrawals
BDSwiss offers the following deposit and withdrawal methods:
➡️ Bank wire transfer
➡️ Debit Card
➡️ Credit Card
➡️ Skrill
➡️ Neteller
How to Deposit Funds with BDSwiss
To deposit funds to an account with BDSwiss, Uganda traders can follow these steps:
➡️ Choose the trading account that you want to fund by clicking on “Payments” followed by “Deposit.”
➡️ Indicate the amount that you want to deposit.
➡️ Choose your deposit method and click on “Proceed to Pay”
➡️ Confirm your deposit details and follow any additional instructions according to your chosen payment provider.
BDSwiss Fund Withdrawal Process
To withdraw funds from an account with BDSwiss, Uganda traders can follow these steps:
➡️ Log into your BDSwiss profile and select “Payments” followed by “Withdraw.”
➡️ Select the account from where you want to withdraw funds along with the amount to be withdrawn.
➡️ Proceed to the next step that allows you to choose your preferred withdrawal method, considering that BDSwiss could require additional proof that the account is in your name.
➡️ Consider that before you can use any other payment method, funds must first be withdrawn through Credit Card or Skrill if you used these payment methods to fund your account.
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 350,000 UGX
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 Education and Research
Education
BDSwiss offers the following Educational Materials:
➡️ A learning centre
➡️ Forex eBooks
➡️ Live Education
➡️ Forex Basic Lessons
➡️ Forex Glossary
➡️ Educational Videos
➡️ Seminars
BDSwiss offers Uganda traders the following Research and Trading Tools:
➡️ Daily Analysis of the markets
➡️ Technical Analysis
➡️ VPS Service
➡️ Trade Comparison
➡️ Trend Analysis
➡️ Daily Videos
➡️ Weekly Outlook
➡️ Market Insights
➡️ Special Reports
➡️ Analyst financial commentary
➡️ Live Daily Webinars
➡️ Economic Calendar
➡️ Trading Central
➡️ AutoChartist
➡️ Real-Time Trading Alerts
➡️ Currency Heatmap
➡️ Trading Calculators
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, Uganda traders can follow these steps:
➡️ Navigate to the official BDSwiss website and navigate to the “Partners” tab on the homepage, at the top of the main menu.
➡️ A new page will load to the Partner Page where prospective affiliates can select “Start Now.”
➡️ Affiliates can choose their preferred program and click on “Register.”
➡️ Next, affiliates can complete the registration form and submit it to BDSwiss’ customer support.
BDSwiss Affiliate Program Features
Some of the unique features that Ugandan affiliates can expect from BDSwiss include the following:
➡️ High conversion rates (37%), speedy referral onboarding, specialist contact centres, and several local and international payment methods all contribute to its success.
➡️ Multi-product solutions include over 250 CFDs and assets from several asset classes. Multi-award-winning platforms are accessible on many devices.
➡️ 100% response rate in 13 seconds or less. Affiliate managers and VIP account managers are available.
➡️ BDSwiss delivers independent mobile traffic monitoring, speedy and detailed 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.
BDSwiss Corporate Social Responsibility
BDSwiss is a firm devoted to social responsibility. BDSwiss does this by instilling philanthropic values in employees and establishing a culture that supports important global and local initiatives focused on positive change.
As part of their CSR initiatives, BDSwiss gave €5,000 to the “Elpida” Foundation for Children with Cancer & Leukaemia in December 2021. This kind of contribution helped the hospital provide financial and emotional assistance to cancer patients and their families.
On December 10, 2021, BDSwiss sponsored a blood donation drive in Limassol as part of its ongoing corporate social responsibility. BDSwiss employees, colleagues, friends, and family members donated blood and organized the camp.
Verdict on BDSwiss
The BDSwiss platforms provide traders with access to a diverse range of financial instruments spread across different financial markets. The platforms are quite simple to use, and the frequent trader seminars are an excellent resource for individuals interested in learning more about day trading.
Overall, BDSwiss provides a broader selection of platforms than other brokers. With compatibility with third-party platforms like MT4 and MT5, as well as its own proprietary platform, this option should satisfy most traders.
The breadth of BDSwiss’ approach is best seen in the areas for which it has garnered accolades and recognition.
BDSwiss earned industry honours in 2021 for its market research, educational resources, and mobile trading app. Additionally, in 2020, prizes will be given for the best trading conditions, CFD products, and cooperation initiatives.
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 350,000 UGX
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 Pros and Cons
| ✔️ Pros | ❌ Cons |
| BDSwiss is well-regulated and offers services to countries worldwide | There are withdrawal fees charged |
| Ugandan traders can choose from over 250 financial instruments that can be traded using powerful trading platforms | There is no UGX-denominated account offered to Ugandan traders |
| BDSwiss offers MetaTrader and its own proprietary trading platforms on Web and Mobile devices | The BDSwiss trading platform is not offered as a desktop application |
| BDSwiss has won several awards since its inception, proving that it is a reputable and reliable trading provider | |
| Demo accounts and Islamic accounts are offered | |
| BDSwiss caters for both beginner and professional traders |
BDSwiss Current Popularity Trends
As According to Google Trends, here is an overview of how frequently the search term – “BDSwiss” is entered into Google’s search engine over a given period of time.
Frequently Asked Questions
Is BDSwiss regulated?
Yes, BDSwiss is a broker well-regulated by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). BaFIN regulates BDSwiss in Germany while CySEC regulates the broker in Cyprus. Lastly, FSC regulates BDSwiss in Mauritius while the FSA oversees BDSwiss in Seychelles.
What is the withdrawal time for BDSwiss?
The minimum withdrawal time is 10 minutes while the maximum is 10 working days. The exact processing time will depend on the withdrawal method used and the trader’s payment provider.
Does BDSwiss have Nasdaq?
Yes, BDSwiss allows Ugandan traders access to popular indices such as Nasdaq that can be traded.
Does BDSwiss have Volatility 75?
No, BDSwiss does not have VIX as a financial instrument that can be traded.
What is the overall rating for BDSwiss?
BDSwiss has an overall rating of 9/10. This rating is attributable to the selection of trading accounts and their associated competitive trading conditions. BDSwiss is a well-regulated and reputable trading provider that guarantees client fund security and a transparent trading environment.
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.
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