Avatrade - #1 Trading Platform in Africa

BDSwiss Review

BDSwiss is an award-winning global forex and CFDs broker that was established in 2012. The brokerage offers world-leading platforms to trade currency pairs, commodities, shares, indices and cryptocurrencies.

Overall Rating


Rated #5 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySec, FSC, FSA, BaFin, NFA

📱 Trading Desk

MT4, MT5



📈 Total Pairs


☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

BDSwiss is a registered brand of BDSwiss Holding Ltd, licensed and regulated by multiple top-tier authorities, including the CySEC in Cyprus, FSA in Seychelles and FSC in Mauritius. The broker offers competitive pricing and an excellent trading environment for all types of traders. BDSwiss is a regulatory compliant broker and a safe and reliable option for forex traders in Africa.

Is BDSwiss regulated?

Yes, BDSwiss is licensed and regulated by authorities under different entities.

  • BDSwiss Holding Ltd is regulated by CYSEC (EU) in Cyprus (199/13)
  • BDS Markets is regulated as an Investment Dealer by the FSC in Mauritius (C116016172)
  • BDSwiss GmbH is regulated by BaFin in Germany (HRB 160749B)
  • BDS Ltd is regulated by the Financial Services Authority (FSA) Seychelles (SD047)

Is BDSwiss regulated in South Africa?

No, BDSwiss is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

Is BDSwiss legit?

Yes, BDSwiss is a legitimate financial services provider. It has been in operation since 2012 and is licensed and regulated by several reputable, strict authorities.

The global broker has about 1.5 million registered customers worldwide, a trading volume of over $84 million per month and facilitates 56 million-plus trades per year.

BDSwiss has provided online traders with a superior trading experience for over ten years, has won multiple international awards and complies with strict regulatory practices.

Does BDSwiss offer a good trading experience?

In terms of regulatory compliance, security, trading platforms, market analysis and educational resources, BDSwiss offers an excellent trading experience.

Trading security

BDSwiss is regulatory compliant and regarded as safe to use by forex and CFDs traders in Africa. BDSwiss follows strict regulatory guidelines for trader protection and has implemented industry protocol to secure their clients’ money and information.

Regulated broker

BDSwiss is the trading brand name of BDSwiss Holdings, which is licensed and regulated by leading authorities in Cyprus, Germany, Seychelles and Mauritius.

Segregated accounts

BDSwiss keeps client funds in a separate account which a leading bank holds. The brokerage cannot access clients’ funds to pay for company expenses or liabilities. The funds are held in ring-fenced accounts separate from BDSwiss’ financial accounts.

SSL-protected personal area

BDSwiss uses secured technology to safeguard its clients’ data and deposit and withdrawal transactions. SSL-secured Personal Area is protected with 128-bit encryption, meaning browsing is safe, and data is inaccessible to any third parties.

Two-step authentication

BDSwiss requires two-step authentication to protect your trading platform, deposits and personal information from hackers using SMS and backup codes. BDSwiss uses 3D secure technology when processing credit and debit cards, making all Visa and Mastercard transactions transparent and safe.


BDSwiss Holding Limited holds an ISO 27001:2013 Information Security Management System Certification and ISO 9001:2015 Quality Management Systems Certification.

Advanced trading platforms

BDSwiss supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms and BDSwiss WebTrader, which is a simple, reliable proprietary platform accessible from all browsers and features exclusive trading tools.

A screenshot of a video game

Description automatically generated with medium confidence

MetaTrader 4

MetaTrader is an electronic trading platform that the developers, MetaQuotes Software, pioneered. The software company released several versions since it started in 2002. It finally hit the jackpot with a significantly enhanced version called MetaTrader 4 that it took to market in 2005. MetaTrader 4 (MT4) is now the most popular and widely-used online trading platform for speculative forex traders and is offered by the majority of leading brokers worldwide.


Description automatically generated

What is MetaTrader 5?

MetaTrader 5 (MT5) was developed by MetaQuotes Software Corporation and launched in June 2010. MT5 is not a new and improved version of MT4. It was created to broaden MetaTrader’s functionality from a single-market trading platform to a multi-market platform, offering traders an advanced trading platform and excellent tools to trade a broader range of financial instruments.

What is BDSwiss WebTrader?

BDSwiss WebTrader is a proprietary trading platform that provides an intuitive order window, exclusive features and a vast array of trading tools for BDSwiss clients. One popular feature is the built-in Trends Analysis, giving traders a comprehensive overview of the market opportunities, projected future prices and optimal SL and TP levels. BDSwiss WebTrader is fully integrated with MetaTrader 4 and is available in twenty languages.

Market analysis and education

BDSwiss publishes an extensive assortment of research and market analysis tools, including Daily Market Analysis, technical analysis, weekly outlook, market insights, special reports, live webinars and daily videos. Up-to-date analytics are available on the three different trading platforms, including an Economic Calendar, Trade Companion, Trade Analysis and Autochartist.

The online BDSwiss Trading Academy provides a wealth of educational resources for all types of traders. The brokerage hosts regular expert-led live webinars to help clients interpret charts and develop trading strategies, as well as learn to trade watching the expert’s trade key markets live in real-time.

BDSwiss exclusively offers its valued clients one-on-one trading coaching on the VIP trading package. Clients have access to professional traders for private discussions and regular bespoke training sessions.

What products does BDSwiss offer?

BDSwiss is a multi-asset forex and CFDs broker. Clients use the MT4, MT5 or BDSwiss WebTrader trading platforms to trade currency pairs and CFDs on commodities, shares, indices and cryptocurrencies with competitive spreads and tight margins in normal trading conditions.

Forex 50 plus major, minor and exotic pairs from as low as 0.0 spreads
Commodities CFDs on 10 commodities inc. oil, gas and noble metals
Shares CFDs on largest brands inc. Amazon, Facebook, Apple, Microsoft, Alphabet
Indices CFDs on global indicators inc. US100, DOW30, S&P500, FTSE100, AUS200
Cryptocurrencies CFDs on popular crypto inc. Bitcoin, Litecoin, Ripple, Ethereum

Does BDSwiss offer copy trading?

Yes, BDSwiss offers a proprietary Forex Copy Trading platform that allows clients to fully automate trading positions and copy the trades of expert traders called strategy providers. BDSwiss clients can also use Trading Signals, add-on software for copy trading available on the MetaTrader 4 (MT4) and MetaTrader (MT5) trading platforms.

Does BDSwiss have Nasdaq?

Yes, BDSwiss offers NASDAQ-100 (US100). US100 is traded as a futures CFDs on the MetaTrader and BDSwiss trading platforms. The US-100 is a market capitalisation-weighted index containing 100 of the largest, most liquid publicly-traded non-financial businesses on the Nasdaq composite index. The US100 is one of the most significant large-cap growth indexes in the world and an essential barometer for the US economy in general.

How to trade forex with BDSwiss

Forex traders cannot directly access the global financial markets. You can only trade these instruments through a trading platform hosted by a regulated forex and CFDs broker.

To start trading the financial markets with BDSwiss, register with the broker and follow the easy steps to verify your identity and set up a trading account. Deposit funds when your live trading account has been approved and start trading, or you can practice on a free demo account with access to $10 000 worth of ‘fake’ money.

How to open a live BDSwiss trading account

  1. Open the official website for BDSwiss
  2. Click on Sign Up
  3. Fill in the required fields to supply personal information
  4. Select a memorable and secure password to protect your account
  5. Choose your preferred regulator: FSC or CySEC
  6. Read and accept the terms and conditions
  7. Verify you are older than 18 years of age
  8. Submit your application
  9. Click on Continue to be redirected to your regulator
  10. Access your dashboard
  11. Choose to practice of the free demo account or make a deposit to trade live with real funds

What trading accounts does BDSwiss offer?

BDSwiss offers one type of account with four different trading plans: Silver, Gold, Platinum and Diamond. BDSwiss also provides a free demo account for beginner traders.

Classic account

Min deposit





From 1.5 pips


Daily Analysis

Trading Academy

Free live webinars

Basic Autochartist

Limited access to Trading Alerts

Basic Trends Analysis tool

VIP account

Min deposit




$3 000

From 1.1 pips


Priority Services

Daily Analysis

Personal account manager

Exclusive live webinars

Autochartist performance stats

VIP Trading Alerts via Telegram

Premium Trend Analysis tool

RAW account

Min deposit




$5 000

From 0.0 pips


Daily Analysis

Trading Academy

Free live webinars

Basic Autochartist

Limited access to Trading Alerts

Basic Trends Analysis tool

Does BDSwiss offer a free demo account?

Yes, BDSwiss offers a free demo account on the MT4 trading platform with $10 000 virtual money access. BDSwiss clients can register and sign up for a free demo account. It is instantly available to start trading virtual (fake) money, and no minimum deposit is required. You can trade forex in real-time under actual market conditions with zero risk of losing real money. Once beginner traders learn how to trade on a free demo account, they are ready to open a live trading account.

Does BDSwiss offer an Islamic account?

Yes, BDSwiss Islamic Account offers an Islamic swap-free account for Muslim faith traders. No rollover or swap interest is charged on open positions held overnight; only an administration fee is charged on open positions. The BDSwiss Islamic trading account clients of the Muslim faith to participate in online forex trading while conforming to Sharia Law.

BDSwiss deposit and withdrawals

How to deposit money into a BDSwiss account

Funds can be deposited into a BDSwiss trading account in different ways; via credit and debit cards, bank wire transfer and eWallet payment systems such as Neteller and Skrill.

  1. Login to your BDSwiss profile
  2. Select the account you wish to fund
  3. Click on Payments
  4. Click on Deposit
  5. Choose the amount you want to deposit
  6. Choose your preferred deposit method
  7. Click Proceed to Pay
  8. Confirm your deposit details

Note: If you are using the BDSwiss mobile app, click on Deposit on the bottom side of the application.

How to withdraw money from your BDSwiss account

Profits can only be withdrawn from a BDSwiss account using the bank wire option. Any credit or debit card deposits must be drawn to the card you used for the original deposit before transferring funds by any other method. You are required to provide a bank statement as proof that you are the bank account holder before the withdrawal is approved.

BDSwiss charges a 10 EUR fixed fee or equivalent in other currencies for bank wire withdrawals below 100 EURO.

How long do BDSwiss withdrawals take?

BDSwiss processes withdrawals within 24 working hours. The time it takes for funds to show in your bank account depends on the financial institution you use and the method used to withdraw from your BDSwiss trading account.

What are BDSwiss fees for deposits and withdrawals?

BDSwiss does not charge a fee for deposits or withdrawals processed via credit card. Bank wire withdrawals equal to or less than 100 EUR are charged a 10 EUR flat fee or equivalent in other currencies.

What awards has BDSwiss received?

BDSwiss is an award-winning forex and CFDs broker. Most recent awards include:

  • Best Forex Research and Education Provider 2023: World Finance Awards
  • Best Mobile Trading Platform Europe 2023: Global Banking and Finance Awards
  • Best Market Research Provider 2020: FxScouts Awards
  • Best Trading Conditions 2020: World Finance Awards
  • Best Forex and CFDs Provider 2020: International Investor Awards
  • Best Partnership Program Asia 2020: Global Banking and Finance Awards

FAQs: BDSwiss

Does BDSwiss have a Welcome Bonus?

No, BDSwiss does not offer a Welcome Bonus.

Can I start trading with no money in my live BDSwiss account?

No, you are required to make an initial deposit to open and start trading a live BDSwiss Account.

Does BDSwiss have a mobile app for forex trading?

Yes, BDSwiss offers an easy-to-use mobile app available on AppStore and GooglePlay.

Where is BDSwiss based?

BDSwiss is based in Limassol, Cyprus.

Who is the CEO of BDSwiss?

The BDSwiss Group CEO is Alexander Oelfke.

Is BDSwiss available for forex traders in Africa?

Yes, forex traders in Africa trade under the BDS Ltd subsidiary, authorised and regulated by the Financial Services Authority (FSA) in Seychelles.

Does BDSwiss offer online support?

Yes, BDSwiss offers 24/5 dedicated Customer Support in multiple languages. You can contact a BDSwiss representative via Live Chat, phone or email.

Website BDSwiss

Choose your preferred language:

German +49 3021446991

English +44 2036705890

Italian +39 0689970124

Spanish +34 910756937

French +33 184671942

Greek +30 2111984082

Portuguese +35 1308810611

General Enquiries [email protected]


Forex and CFDs are complex instruments and are associated with a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

Forex Trading Africa annually reviews brokers and financial assets and provides information to help online retail traders better understand the global financial markets. The information provided is meant to grow your knowledge and expertise in financial trading and must not be construed as personal advice.

10/10 - (2 votes)

Table of Contents