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BDSwiss Broker Review For Nigeria In 2023

About BDSwiss

BDSwiss is one of the most popular forex brokers in Nigeria that offers a wide range of trading services. The company was founded in 2012 and has become one of the biggest names in the industry. BDSwiss offers retail and institutional clients access to its trading platform and supports more than 30 different currency pairs.

Its primary focus is on making it easy for its clients to invest their hard-earned money without hassle or stress. It also offers a range of educational courses and webinars that will help you learn more about the financial markets, investing strategies, trading techniques and many other things that can help you become a successful trader or investor. BDSwiss also provides a full suite of digital currency services, including Bitcoin trading, Ethereum trading and Litecoin trading.

The company has a wide range of financial instruments, including Forex, CFDs and Shares. BDSwiss also offers services such as MT4 and MT5 trading platforms, mobile trading apps and live chat support – all of this makes it one of the best online forex brokers on today’s market! Financial Services Commission (FSC) and the Seychelles Financial Services Authority (FSA) regulate the company’s operations.

🏛️ Based inLimassol, Cyprus
⚖️ RegulationCySEC, FSA, FSC
💰 Minimum Deposit$10 (4000 Naira)
💳 Deposit OptionsCrypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
💳 Withdrawal OptionsCrypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
📌Open an accountStart Trading with BDSwiss
BDSwiss QuickInfo

Regulation

BDSwiss is regulated by the Financial Services Commission of Mauritius (FSC), which has been in operation since 2014 and is responsible for regulating all financial products under its jurisdiction. It also governs brokers such as BDSwiss through its licensing framework.

BDSwiss’s Swiss Group operates under Seychelles Financial Services Authority (FSA). The FSA was established in 2004 as an independent regulatory body that imposes obligations on entities within Seychelles. It ensures companies comply with rules governing their business activities while protecting consumers from fraud or abuse of power by market participants.

BDSwiss Trading Instruments

BDSwiss offers over 70+ trading instruments, including forex, options and CFDs.

Trading Platforms

The company offers a wide variety of trading options, including MetaTrader 4 (MT4) and Metatrader 5 (MT5) platforms that work on desktop computers and mobile devices like smartphones and tablets. BDSwiss’s primary goal is to provide its customers with easy access to their accounts and trade history through various platforms. This allows them to monitor their performance easily, manage their risk level, make trading decisions and take action on an ongoing basis.

BDSwiss Account Types

The broker provides a demo account that allows you to test the services and see how they work. You can also use this account to back-test your strategies if they fit your requirements. Other than demo accounts, BDSwiss also offers the following accounts:

  • Classic Account – It comes with no deposit fees; ultra-fast execution; minimum slippage; high leverage; the average spread is 1.5; minimum deposit is $100.
  • VIP Account – It comes with high volume trading; no commission on indices; minimum deposit is $3000; Telegram trading alerts.
  • Raw Account – It comes with tight spreads from 0.00; fixed commission of $5 per lot; average spread of 0.03; dedicated support and premium tools; a minimum deposit of $5000.
  • Cent Account – It allows traders to trade in cents (exclusive to specific regions); the average spread is 1.5; the minimum deposit is $10; ideal for beginners.
  • Premium Account – It offers higher leverage of 1:1000; spreads as low as 1.1 pips; zero commissions on 70+assets.

BDSwiss Deposit and Withdrawals

BDSwiss offers a variety of deposit and withdrawal options, including Visa and Mastercard, Maestro, Sofort, Giropay and EPS. You can also make deposits using Neteller or Skrill. BDSwiss minimum deposit is $10. Deposits are processed within 24 hours of receipt at no cost to you.

BDSwiss withdrawals are instant up to $2000. Withdrawals are sent directly to your bank account (or e-wallet) in less than five minutes after making the request. However, this can depend on the time of day when it was submitted.

Fund Safety

BDSwiss is a regulated broker, which means it’s subject to the rules of the FCA and FSA. These independent regulators monitor financial markets to protect consumers from harmful scams, frauds, and other financial crimes. They also aim to enforce standards on how companies operate their businesses to protect consumers from poor practices like price gouging or misrepresentation.
It also has segregated accounts, meaning that client funds are held by an independent third-party bank or institution, guaranteeing that your money is safe even if BDSwiss went bankrupt. This is a huge benefit for traders who have a lot at stake and want to minimize their risk of losing all of their money.

Trading Tools

The BDSwiss trading platform is one of the most advanced on the market. It provides traders with a wide range of tools, including charting, trading and analysis. The company’s proprietary analytical engine uses artificial intelligence to identify market trends before they occur, allowing traders to react quickly and make accurate predictions. The firm’s Trader Workstation is an advanced platform that allows traders to analyze historical data and set their trade triggers. Its platform also features a live streaming function that allows users to follow their trades in real-time.

Charting

The charting platform has some of the best features in any trading platform. The charts are clean and easy to read at a glance, while they also support multiple timeframes. You can adjust the time frame from 1 minute to 15 minutes or even longer if you want to move into the future.

Market Analysis Tools

BDSwiss also offers an integrated news feed that gives subscribers access to market analysis reports. These reports help traders identify price trends before they happen.

Expert Advisors

BDSwiss allows the use of expert advisors(EAs) on its platform. These will help you make better trading decisions based on your risk profile, technical analysis and other factors. Several macro strategies are also available in this area that is worth exploring!

Copy Trading

The copy trading feature also allows you to follow other traders pursuing similar strategies and tactics as yours. This way, you can track how much money you could make by copying their system.

Education

BDSwiss offers a wide range of educational resources for traders of all experience levels. The company hosts webinars, e-books and video courses that can be downloaded or streamed online.
The Trader Academy is one resource that aims to help you develop your trading skills through live training sessions with experienced forex brokers worldwide. You’ll learn how to trade different markets, use technical indicators effectively and much more!

Industry Awards

BDSwiss has been awarded several industry awards, including:

  • ‘Best Trading Conditions 2020’ by World Finance
  • ‘Best FX Research & Education Provider 2021’ by World Finance
  • ‘Best Partnership Program 2020’ by Global Banking & Finance Review

BDSwiss Customer Support

Regarding customer support, BDSwiss has a pretty good track record. They offer email and phone support 24/7, along with live chat on their website. This could be a practical option if you need help immediately and don’t have time to wait for an email response. As far as live chat goes, they are very responsive and professional when answering your questions.

Conclusion

BDSwiss is the exclusive forex broker in Nigeria. BDSwiss is among the best and most popular forex brokers in today’s market. The company has been around for several years and provides excellent educational courses in addition to its unique and stable trading platform, which allows you to trade hundreds of instruments. BDSwiss also enables its traders to use MT4, MT5, web trader terminal, smartphone app or any other tools they want when they are trading.

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