Additionally, the Islamic account is only for Muslim traders; BDSwiss may ask for confirmation of religious affiliation to guarantee that the account is utilized for its original purpose. This broker also caters to Muslim traders by providing an Islamic Account per Sharia law. This Swap-Free account waives all interest and overnight swap costs for up to ten calendar days per position. Moreover, the opportunity to trade in smaller lot sizes worth pennies considerably decreases financial risk, making it an appealing option for individuals beginning with a tiny investment. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
- Mobile has an intuitive interface that enables traders to access, monitor, and manage their trading positions easily while on the move.
- MetaQuotes have continued to invest in platform development, testing and improvements, all of which help make MetaTrader one of the most advanced trading platforms available.
- The platform offers a variety of ways to deposit or withdraw cash, including bank transfers, credit or debit cards, Skrill and Sofortüberweisung (Sofort).
- To accommodate, assist and educate traders, BDSwiss incorporates multiple trading tools within its platforms.
- They provide you with an easy to use, robust trading platforms which can run on almost any device, but also offers a great depth of charting tools and indicators for a highly customizable trading experience.
Brokers By Licenses
They carry language support for 10 different languages through all formats of their customer support, which is available through a web-based live chat, email, or through local phone contact in a number of places worldwide. The BDSwiss minimum deposit will vary depending on the account type you choose, though for a BDSwiss Classic Account type, the minimum deposit will be just $100. Opening an account with BDSwiss, like with so many other top forex brokers, is a relatively hassle-free, quick process. All that you will really need to have at hand is a copy of your ID with a passport being the best choice, and a copy of a utility bill or bank statement that is within the last three months in order to prove your residence.
Trading Tools
All the MetaTrader platforms are supported by BDSwiss, as well as its own unique mobile app for trading forex and CFDs on the go. MetaTrader 4’s mobile app offers Nigerian traders unlimited access to a wide range of financial instruments that are offered. A Forex broker, BDSwiss, serves traders from across the globe and provides them with a wide range of options for dealing with the currency market. All the MetaTrader platforms are supported, as well as its unique mobile app for trading forex and CFDs on the go. RAW trading account is for scalpers and intraday traders that make lots of trades within a day.
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To make a withdrawal, simply log into your BDSwiss profile, click ‘Payments’, and then ‘Withdraw’. Next, you can select the account from which you want to withdraw money along with the withdrawal amount. Yes, You are permitted a free withdrawal of any amount that is less than the total of all your prior deposits or that is equal to that amount. ➡️ Select the account from where you want to withdraw funds along with the amount to be withdrawn.
An In-Depth Analysis
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.
Physical stocks, on the other hand, are only profitable when investors buy low and sell high. CFDs are a better choice for speculating the markets, however, physical commodities and stocks are preferred for long-term investing as they don’t have rollover fees or additional expenses. BDSwiss offers access to about 250 tradable assets through different asset classes, including Forex, commodities, indices, cryptocurrencies, and shares as CFDs. We’ll discuss regulations, trading software, support, assets offered, and more. In addition, we’ll guide you through the live account opening process in detail.
The broker does not mention about any BDSwiss bonus, but it is possible to receive some reward for your initial deposits, especially since other competing binary options brokers are known to offer huge incentives for signing up. You should contact the customer service department for exact information on the available bonuses and promotions. There are some handy tools to help you with analysing the markets and discovering potential trading signals.
Traders will pay currency conversion fees if their deposit currency does not match the account base currency. The same applies to trading an asset denominated in a currency other than the account base currency, but BDSwiss states that it does not levy internal markups on currency conversions. BDSwiss arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount depends on the payment method used, in most cases the withdrawals processed free of charge.
The margin call / stop out for BDSwiss is 50% / 20% on all account types. Mobile apps are very useful in emergency situations such as bdswiss forex broker review internet problems, power outages, PT breakdowns, etc. The mobile apps keep you in touch with the markets from anywhere in the world.
Our multi-product solutions include over 250 CFDs and assets from several asset classes. Platforms that have won several awards are also accessible on several platforms. This rebate is a cut of the spreads or commissions the trader pays and splits with the IB. Therefore, this open method guarantees the program’s success for the IB and the trader. This is an upgrade and offers Nigerian traders additional benefits and features as can be seen below. 🥇 While BDSwiss does not have a large market share in Nigeria, it is still a viable option for Nigerian traders, placing it within the Top 100 brokers for the country.
Banking is made easy as a result of its multiple deposit and withdrawal options. This is actually far more valuable than many fail to factor into the selection of a brokerage firm as it allows for fast processing of payments through multiple payment methods. The list of methods are also a key factor as they include Visa, Mastercard, https://forexhero.info/ Bank wire, Skrill, Neteller, PayPal, QIWI, and for cryptocurrency traders, the option to fund accounts with Bitcoin, Ethereum, and Bitcash. Deposits are virtually instant, or at a minimum reflect in accounts in less than 30 sections, and for withdrawals, BDSwiss claim that most are paid in on average within five hours.
I think it is good that there are frequently run expert-led webinars where you can increase your trading knowledge. Topics range from chart analysis to developing trading strategies and more. There are also hundreds of previously recorded webinars available completely free of charge. This means that you can browse through them in your own time without needing to commit to the live webinar which could be an issue depending on your time zone.
BDSwiss Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select. If you are a trader of bigger size and prefer commission basis then Zero-Spread Account is your choice. The zero-spread account offers an interbank spread averaging 0.0 for EURUSD and commission paid per transaction opening which is 6$. There is an account type for every sort of trader, from those who want their cash to be handled by a third party to those who want to offer their own expertise.
