There are a couple of steps to take when you want to open a live trading account with BDSwiss. We’ll guide you through the entire process of account opening in detail. As already mentioned, stocks as CFDs are preferred by short and medium-term speculators and investors, whereas physical stocks are better for long term investing.
Mobile Trading on BDSwiss
Each trading asset class offered by BDSwiss has its fees, maximum leverage available, as well as other differences. It’s worth mentioning that the regulator is not a strict one, and there’s no other regulatory body that supervises the broker. The BDSwiss WebTrader does not require downloading and it is fully synchronised to the downloadable versions of the MT4, allowing for live price monitoring via an advanced market watch. Translated into more than 20 languages, our WebTrader is designed to accommodate the needs of traders around the globe. Viverno Markets Ltd (ex BDSwiss Holding Ltd) with registered address 6 Ioanni Stylianou, 2nd Floor, Flat/Office 202, 2003, Nicosia, Cyprus is acting as the payments processor for BDS Ltd.
Customer support of BDSwiss
To sum everything up, BDSwiss is a mildly regulated broker that offers a variety of account types to its customers. The broker gives traders access to trading Forex, commodities, indices, cryptocurrencies, and shares as CFDs. There are more than 250 instruments available for trading. The minimum initial deposit required to open a live account is only $10.
When it comes to proof of residence, you can use a utility bill or any formal document that states your address and name. Demo trading is extremely useful for both, beginner and experienced traders alike. BDSwiss traders have access to trading stocks from the US, UK, France, Germany, Netherlands, Spain, and Switzerland. Traders can go long or short, depending on their trading strategies to try and make some money.
App support
Designed to give you maximum control, the BDSwiss WebTrader enables you to access your account quickly and efficiently on any device.
For example, the FRA40 is an index that follows the top 40 French company stocks’ performance. You should then enter your live/demo account ID in ‘Login’ and the password you used in order to register your BDSwiss account. Then you need to enter the live/demo account ID in ‘Login’, the password you used in order to register your BDSwiss account and the server of the account you would like to use. Additionally, for any minimum deposit of $5,000 for any account type, you receive Priority Service for faster processing of your KYC documents and withdrawals. The BDSwiss WebTrader Platform was exclusively developed in-house to better cater to the needs of our growing client plus500 canada base.
In addition, we’ll guide you through the live account opening process in detail. Customer support is highly important for any service oriented company. The financial service provider understands this very well and offers a 24/5 multilingual support team. Customer support is accessible in English, German, Italian, Spanish, French, Greek, and Portuguese.
RAW trading account is for scalpers and intraday traders that make lots of trades within a day. In addition, high-frequency traders use the RAW account. The reason is that the broker has very low spread markups, only 0.3 pips. On the other hand, there are commissions charged, which are $5 on all pairs, $2 on indices, and 0.15% on shares. BDSwiss is an international broker offering financial services to more than 1.5 million registered trading accounts.
Comparing BDSwiss fees with other brokers
- There are no commissions charged, however, traders will pay spread markups from 1.5 pips.
- Major pairs are currencies from global economies such as Europe, the USA, Canada, Japan, New Zealand, Great Britain, Australia, and Switzerland.
- Long term investors that like to buy and hold investments for years prefer physical stocks and physical precious metals.
- Translated into more than 20 languages, our WebTrader is designed to accommodate the needs of traders around the globe.
- The minimum initial deposit to open a Cent trading account is only $10.
CFDs are not generally used for long-term investing, however, they are the primary choice for speculating on short and medium-term prices. What’s great about CFDs, is that traders do not own them, and therefore, trades can be placed in both long and short directions. In other words, when you trade a stock CFD, for example, you can short-sell the stock and get benefits when the market’s going down.
With this broker, traders have access to trading Forex, commodities, indices, cryptocurrencies, and shares as CFDs. BDSwiss provides negative balance protection to its clients’ accounts. Because CFD coinmama review trading is a highly leveraged activity, traders can lose more money than what’s on their trading accounts. To prevent this from happening, the broker uses automatic Stop Out levels. After you open a live trading account, it’s recommended that you verify before transferring funds.
Fees & commissions of BDSwiss
Focusing on simplicity, reliability, and performance, the BDSwiss WebTrader delivers an unparalleled trading experience accessible from all browsers. Mobile apps are very useful in emergency situations such as internet problems, power outages, PT breakdowns, etc. The mobile apps keep you in touch with the markets from anywhere in the world.
The main difference is that the account has many more tradable instruments. There are no commissions charged, however, traders will pay spread markups from 1.5 pips. BDSwiss offers access to trading 3 types of demo accounts. Traders can use demo versions of Classic, VIP, and RAW account types.
Minor pairs are less liquid than major ones but more liquid than exotic pairs. Minor pairs are made from major currencies, but the US Dollar is excluded. Exotic pairs come from developing nations and in a pair, one or both parts are exotic. In order to find these details, please log in to your BDSwiss account through our website. Under Accounts, you can see the account number and server that you should use in order to access the account.