BDSwiss Review – Must Read review for UK Investors. Trade FX and CFDs

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BDSwiss Review 2020

Regulated By: CySEC, FSC, NFA

Foundation Year : 2020

Headquarters : Grienbachstrasse 11, 6300, Zug, Switzerland

Honest BDSwiss Broker Review 2020

Table of Contents

Review: Regulation: Min. Deposit: Assets: Spreads:
(5 / 5) CySEC, FSC 200$ 250+ Starting 0.0 Pips

Nowadays it is difficult to find a trustworthy Forex Broker because the selection on the internet is very large and clear. BDSwiss is probably one of the best-known providers of financial products in the international broker world. So we ask ourselves the question: Is BDSwiss a good broker or not? – On this page, you will learn the truth. With more than 7 years of experience in the financial markets, we have completely tested the provider and present you in the following sections my test results. Everything about costs, conditions and more.

The official homepage of BDSwiss

What is BDSwiss? – The company presented

BDSwiss is an international Forex and CFD broker, which has its main client base in Europe. The company has been on the market for over 7 years and was founded in 2020. It offers customers trading in contracts for difference on any asset (currencies, stocks and more). Traders can speculate on rising and falling rates at small fees.

Already over 1 million traders registered with this broker because he is also known for eye-catching television advertising. The name alone inspires confidence because the group of companies is controlled from Switzerland, Zug. The head office of the broker is in Cyprus. Also in Germany (Berlin) and other countries, there is a customer center.

From my experiences and tests, the customer service at BDSwiss is awesome. Only a few other brokers can offer such a service to a trader. Every day webinars are organized and there are competent market analyzes for every customer. Also, trading signals can offer the broker, which had a high hit rate in the past.

Facts about BDSwiss:

  • BDSwiss Holding PLC is regulated by the CySEC (EU)
  • BDS Markets is regulated by the FSC (Mauritius)
  • Competent customer service for international traders
  • Founded in 2020
  • The group operates from Switzerland, Zug
  • Known from TV commercials and magazines

(78.3% of retail investor accounts lose money when trading CFDs)

The regulation of BDSwiss

Regulation by an official financial authority is very important in online trading. The license creates a confidential relationship with the customer. The broker must meet certain requirements and criteria in order to obtain such a license. Violations of the rules or even fraud would mean a permanent withdrawal of a license.

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The BDSwiss group has several licenses, which brings a great advantage. BDSwiss Holding PLC is represented by CySec (EU), BDSwiss LLC by U.S. Patents. National Futures Association NFA and BDS Markets regulated by the FSC. The trader can decide for himself under which license he wants to trade. There is the possibility of unrestricted trading without leverage.

BDswiss is regulated by:

High leverage for European traders

The European Financial Services Authority (ESMA) banned the high leverage on private traders from 1.8.2020. This presents the trading scene with massive problems.

BDSwiss has cleverly solved this problem because for customers it is possible to trade under a license outside of Europe. This guarantees a high leverage of 1: 500.

Traders can choose between different regulators. High leverage is available.

The conditions for traders – What can you expect from BDSwiss?

CFDs and Forex Trading are very popular with private traders because you can access the global financial markets with little capital. In addition, it is possible to set not only on rising but also on falling courses. Maximum leverage of 1: 500 can be used. Even with small capital, it is possible to move higher sums on the market.

The minimum deposit is only 200$/€. This is low and acceptable compared to other competitors. Positions can already be opened with very small capital (0.01 lot). Overall, the broker offers an offer for each account size.

Overall, you can trade over 400 different assets/markets at BDSwiss. There are commodities, currencies, stocks, cryptocurrencies and more available. Shares are tradable by the German Stock Exchange, American Stock Exchange and many more on favorable terms. The spreads for these assets are always dependent on the current market from my tests and experience.

Transparent trading conditions

In fact, variable spreads are offered. Depending on the liquidity, a higher spread may occur. This is a normal stock market trading. On average, however, spreads are 0.3 pips in forex and less than 1 point in stock indices. For better spreads, you can activate the black account or use the RAW Spread account (personal offers are possible for each client).

My experience and tests have shown that BDSwiss is a better-than-average provider of CFDs, forex, stocks and more. The offer and the terms are very manageable and cheap for traders. We could not discover any hidden fees or traps.

Special conditions for traders:

  • Leverage between 1:30 – 1:500
  • Personal offers for high volume traders
  • 3 different account models
  • Very fast order execution
  • Short trading cryptocurrencies with high leverage
Assets: Spreads: Platform: Support:
250+ Forex, Stocks, Crypto, Commodities Starting variable 0.0 Pips Webtrader, Metatrader 4/5, Mobile App 24/7 Phone, Email, Chat

(78.3% of retail investor accounts lose money when trading CFDs)

Review of the BDSwiss Trading Platform

BDSwiss offers its own developed trading platform for the browser and the smartphone. The well-known Metatrader is also available in versions 4 and 5 (desktop version and app). Thanks to the clear platform, independent analyzes can be carried out easily and with the app, you can keep an eye on your portfolio at all times.

In summary, the software solutions from BDSwiss are suitable for every trading style. In the following pictures and texts, we will give you an insight into the trading platforms.

The BDSwiss Webtrader

Platforms:

  • The Webtrader and the app of BDSwiss very clear
  • The structured design of the Webtrader ist good for beginners
  • You get transferred direct market news into the trading platform
  • Easy selection of the most popular brands
  • Transparent quote and quick recognition of the conditions or spreads
  • Optimal analysis options with the chart (indicators & more)
  • Metatrader 4 and 5 is available

The Webtrader is especially good thanks to its user interface. This also allows beginners to understand trading quickly and easily. You can easily find your way around and realize exactly which actions you have to take.

If you have questions or problems with the trading platform, you can simply contact an account manager or support. Videos with instructions are also available at BDSwiss.

Charting and analysis

Charting is one of the most important things when it comes to technical analysis of markets. MetaTrader 4/5 is one of the most flexible platforms in the trading area. Many brokers offer this software for their traders. Choose between different chart types (candles, bars, lines) and set any time period. Furthermore, BDSwiss gets its market data from well-known providers.

In Webtrader the charts are provided by TradingView. This is one of the largest market data providers worldwide. The charts in TradingView are similar to the charts in MetaTrader 4/5. The difference is that there are actually more tools available in TradingView. However, in Metatrader 4 you can use your own programs and indicators as well as automatic trading.

  • Candlesticks
  • Line Chart
  • Bar Chart
  • Flexible Charting

BDSwiss mobile trading for any device

The offer of BDSwiss is rounded off with the newly developed app for Android and iOS (picture below). Have access to your portfolio from anywhere in the world. Check the latest news and respond to political changes on the go. Nowadays, an app is actually necessary for every professional broker because mobile trading is becoming increasingly popular. From my experience, the app works just as well as the online platform or Metatrader 4/5. You will find all the necessary functions very quickly and get the fastest access to the markets.

The BDSwiss App

How does BDSwiss Trading work? – Step by step tutorial

Also the worldwide known trading platform Metatrader 4/5 is offered via BDSwiss. This platform brings a lot of configuration options. Personalized indicators or programs can be imported into this platform. This way, every trader can independently adapt the platform to his trading style.

MetaTrader 4/5 is also available as an app for the smartphone. Simply log in with the data from BDSwiss and start trading. In the upper picture, you see the order mask. In the following points, we explain to you my experiences and tests the functions.

How to trade Forex with BDSwiss web trader and Metatrader:

  1. Choose any asset on the platform
  2. Choose the size of the right position for your account
  3. Stop Loss and Take profit rescue your position and profit
  4. Buy or sell – Invest in rising or falling markets

The Ordermask for trading

CFDs are an abbreviation for Contract for Difference. It is here a contract between Trader and the broker closed. This contract (contract) has an indefinite term until it is closed by the trader or broker (only with special exceptions). This contract may be executed on any assets offered by the broker.

So if you buy a contract on, for example, oil and the price of oil rises in the next 2 hours, then the value of your contract also rises and you can close the trade in profit. Generally, CFDs are traded with a lever. There are derivatives with which an underlying value is speculated. Another advantage is the speculation on falling prices. With CFDs, you can easily open a short sale, which is difficult for real stocks.

The advantages of the platform:

  • Trading with high leverage
  • Easy trading on falling markets
  • High markets liquidity of BDSwiss

The leverage of BDSwiss

Leverage is another important feature in broker selection. There are always differences. As mentioned above, BDSwiss has a European license (leverage 1:30) and a license outside the EU (leverage 1: 400). For equities the leverage is generally between 1:20 – 1: 100 and for currencies (Forex) up to 1: 400.

A higher level of leverage means that you need to deposit a smaller margin with the broker. For example, you want to buy 100 shares of Tesla at a price of 100 €. This corresponds to the sum of € 100,000. With a lever of 1:20, you have to deposit now only 5,000 € as collateral (margin) with the broker to trade the sum of 100,000 €. This allows more risky investments with the chance of a faster and higher profit. Many traders are reasonably afraid of over-leveraging their accounts. By adjusting the investment sizes, over-leveraging can be ruled out.

In summary, BDSwiss offers all the important features of a good CFD broker. The conditions for the trade are compared in the upper average and can be recommended with a clear conscience.

Is there negative balance protection?

The additional funding requirement is feared by any private trader because account balances can come into a negative state. The negative balance does not exist at BDSwiss. So your account cannot go into a negative balance. This can happen through extreme market situations, but BDSwiss automatically closes your positions before that.

You can not lose more than your investment amount.

Free Account opening for everyone

The account opening is very fast and easy at BDSwiss. Enter your personal information in the ready-made field and start the registration process. The email must be additionally confirmed afterward. BDSwiss deals with your data with confidence and is DGSVO compliant. After you have opened the account, you can use the demo account or the real account.

Open your free account

Countries:

BDSwiss accepts international traders but not from everyone country of the world. For example, US traders are not allowed. You can see that clearly if you want to register on the homepage. Europe, Africa, Asia, and India are the most growing regions for trading. Feel free to register your account.

Unlimited BDSwiss Demo Account

A demo account is very important for beginners and experienced traders. It belongs in the portfolio of a good broker. Beginners can take their first steps in investing in the demo account. This is an account with virtual money, which imitates the real money trade. In addition, experienced traders can develop new strategies or even try new unknown assets to trade.

We recommend every trader to use the demo account first before investing real money. Take enough time to get to know the trading platform. The demo account is capitalized with 10,000 € and offers enough space to test the platform.

The real account is free like the demo account. The broker requires real money verification of the account and of your person to prevent money laundering or other criminal activity. The regulation forces the broker to verify you. For example, monies may not be paid out to unsupported traders.

All that is needed is the completion of your personal data and the upload of a photo/document of your identity card and an invoice confirming your address. The verification takes less than a day from my experience and is quickly conducted.

(78.3% of retail investor accounts lose money when trading CFDs)

Review of the BDSwiss Account Types

The broker offers you 3 different account types. The basic account and RAW Spread Account is available to every trader with a deposit of 200$/€. The black count is assigned individually. You have to pay more capital and it depends on your trading style. BDSwiss does not specify a default for the deposit number for the Black Account.

The black account is made for larger account capitalizations. The conditions are better, but higher position sizes (from 0.1 lot) must be traded. Contact an Account Manager for an individual quote.

BDSwiss account types

Account types are part of a good broker. This makes it possible to respond more specifically to the wishes of traders. For example, lower spreads can only be activated if the trading volume is high so that the broker still makes enough profit. BDSwiss is very well positioned with 3 types of account and thus clearly sets itself apart from its competitors.

Overview of the account types:

Basic Account:

  • No deposit fee
  • Free education center
  • Free webinars
  • Hedging
  • Free trading tools

RAW Spread Account:

  • 0.0 pips raw spreads
  • Pay a monthly estimate $1 – $79
  • Only for Forex, Metals, and Energy Trading
  • No deposit fee
  • Free webinars
  • Hedging
  • Free trading tools

Black Account:

  • No deposit free
  • VIP education
  • VIP alarms
  • VIP support
  • VPS server
  • Custom offers for high volume traders

(78.3% of retail investor accounts lose money when trading CFDs)

Review of the deposit and withdrawal at BDSwiss

The deposit and withdrawal at BDSwiss should not be a problem for you as the broker offers many different payment methods to capitalize on your trading accounts. Deposits work in real-time (electronic methods) and are completely free. Funds deposited via bank transfer are credited to the account within 1 – 4 working days. The minimum deposit for a live account is 200$/€.

How does the payout of profit work?

The payouts will be processed and sent within 3 days. Simply go to the account dashboard and click on “Payouts”. With payments of less than 100€, it can be expensive because there are fees of around 10 €. This fee is likely to be taken because smaller accounts bring too little profit to the broker.

Since BDSwiss is a regulated and licensed broker, payouts are handled quickly and conscientiously. From my experience, the company always pays the money of the traders. This overlaps also with the experiences of my community.

With unregulated brokers, it can come to the delays of the disbursements or customer money frauds. This is not the case with BDSwiss because the company wants to continue to enjoy its good reputation.

Payment methods:

  • Bank wire
  • Electronic Klarna
  • Electronic payment methods
  • Credit Cards (Master, VISA, and more)
  • Skrill, Neteller
  • Withdrawal within max. 3 days
  • Payouts over 100€ are free

Which support and service BDSwiss can provide?

The customer support also scored very well in our review. Since BDSwiss is an international broker, more than 10 languages ​​are available. Support is available by phone, email or chat 24/5 a week. Competent answers are given and questions answered within seconds.

BDSwiss has a strong presence in the German (DACH) region and has therefore opened a customer center in Berlin. Also, countries like Cyprus, Seychelles, and Mauritius are included. This is another advantage for the broker because only a few brokers offer the service from a regional branch. In addition, there are more other customer centers too. Service is capitalized at BDSwiss, so get trader with the higher deposit a personal contact.

Also, there is a very large training center on the website of the broker. There you can watch video tutorials and learn new strategies. There are also daily market updates and multi-language webinars. In summary, the service package from BDSwiss is great and offers a trader with everything he needs.

Support: Time: Phone number: Special:
Phone, Email, Chat, Whatsapp, Telegram 24/5 working days +44 2036705890 Personal service for each client

BDSwiss offers Trading Signals with a high possible profit rate

A new project of the broker is the trading alerts. Receive alarms in real-time on your phone. The past has already shown very good results with a profit share of more than 60%. You can always view the past trades transparently on the homepage. The trading alerts are only available to Black Account customers.

Traders with years of experience and a fund manager were hired for the signals. The signals are sent directly to your computer or smartphone via an app. So you can implement the trades in real-time.

BDSwiss real-time alerts

Review of the fees for traders

Finally, we should take a closer look at the fees and costs at BDSwiss. As you have read in the previous sections, spreads may fluctuate depending on your asset and market conditions. These are the trading fees whereby the broker earns his money.

There are additional fees when paying less than 100 €. At least 10 € will be charged here. The effort is too big for the broker to manage accounts under € 200, so the fee is so high. There are no fees for higher payouts except for bank transfer. For international transfers, a maximum of € 50 is required and SEPA transfers a maximum of € 5.

There is also an inactivity fee of more than 90 days. Inactivity is when the client has not opened or closed trade and has not made any transactions. The fee is a minimum of 25 € and a maximum of 49.90 € high (10% of the account balance). In summary, the fees are manageable and not significant to most traders.

Fees:

  • Electronic payments are free
  • Outpayments under 100 € = 10 €
  • Sepa transfer 5 €
  • International transfer 50 €
  • Inactivity fee 90 days 25 – 49,90 € (10%)

BDSwiss is charging fees for low withdrawal amounts (lower than 100€).

(78.3% of retail investor accounts lose money when trading CFDs)

How to earn money with BDSwiss?

In the following section, I would like to explain how easy it is to actually earn money with BDSwiss:

In my opinion, a trade is settled in the daily chart (candlesticks). This is a very big timeframe and the trade runs for several days. Of course, earning money is also possible in a short time if you want to focus on short-term movements. In cooperation with a price average, uptrend and support zone, the trade can be successfully be sold and recorded a direct profit after the first few days.

Some beginners would now say it is just luck. This is not so. With random trading (which I do not recommend to anyone), you have a 50:50 chance to pass. If you now improve your knowledge through analysis and coaching you can get a significantly higher hit rate of more than 60 -70%. Of course, there will also be losses in trading, which will be offset by subsequent gains. You always have a certain probability of winning.

Lose money (losses):

Losses will inevitably come to you. Therefore, one should not be dissuaded from the web to become a good trader. Practice in the demo account is the top priority at the beginning. It is important that you use sensible money management. This means not to risk more than 0.5 – 3% of the total account for trade.

Too high a risk will mean long-term death for your account, as several losses can occur consecutively. If you then invest too much of your portfolio, you will see the empty account balance approaching quickly.

Retain winnings:

Profits can also be hedged with the stop loss. Should your trade run into profit, you can drag the stop loss to a certain level. The platform shows you transparently how much profit you make. The trader’s language says: They are stopped out in profit. This will prevent you from making profits in the market unnecessarily when the chart is against you.

Is BDSwiss scam? – Our conclusion of the review

In the past, we have already tested many brokers. BDSwiss is currently one of the top companies in the trading scene. The broker offers a truly comprehensive listing for traders.

The company, which has been on the market for many years and has proven itself since 2020, makes a very serious impression on me. With many licenses, the company shines in the area of customer confidence.

The service of BDSwiss stands out clearly. Webinars, coaching, market analysis, and trading signals are available to a trader. With a black account, you can enjoy VIP conditions.

Overall, there are almost only benefits for traders at BDSwiss. To make this review transparent, of course, we’ve looked at other brokers in this area. The spreads could be a bit smaller in comparison, but the broker would have to cut back on other offers. The service for customers is excellent and recommendable. The only drawback that has been noticed concerns only those with small accounts who want to pay less than 100$/€.

Advantages:

  • Multi-regulated
  • Fast order execution and high liquidity
  • Wide range of markets
  • Low spreads
  • High leverage
  • Account types
  • Optimal service by trained support
  • User-friendly and flexible trading platforms
  • Further education through coachings and training/webinars

Disadvantages:

  • Higher costs when withdrawal less than 100 €

The supply of assets is on average high. Trade commodities, stocks or currency pairs on a single platform. Spreads are low and competitive. Overall, BDSwiss is a recommended company. (5 / 5)

BDSwiss

Broker Name: BDSwiss
Platform(s): CFD, FX, Crypto
Founded: 2020
Bonus: No Bonus
Spreads: 1-1.5
Leverage: 1:30
Regulated: CySEC
Demo Account: Yes
Minimum Deposit: 200
US Traders: Not Accepted

BDSwiss Review

BDSwiss is a well-known and respected CFD/FX and Crypto broker owned by BDSwiss Holding plc and regulated by the Cyprus Securities and Exchange Commission CYSEC License No. 199/13.

Editor’s Note: Why BDSwiss Sucks In 50 Words

Due to ESMA rules, BDSwiss is now focussing more on FX/CFD and crypto trading, forgetting all about Options. This can be either a good or bad thing, depending on how you look at it but for the diehard options fans, it sucks.

Why BDSwiss Does Not Suck In 50 Words

The owning company, BDSwiss Holding Plc. is regulated by CySEC under License number 199/13 and registered with the U.S. NFA. This gives us extra confidence that we are dealing with a trustworthy broker. Their website is well organized and always kept in tiptop condition, with updates and comprehensive info about trading conditions.

Is BDSwiss a Scam?

BDSwiss can be considered a broker with experience and a “long” career. The brokerage is regulated by more than one financial authority and as you can see from the section above, they are very transparent about where their offices are located. This is the first sign that the brokerage is not a scam and actually looking to do business in legit and fair conduct.

Should I Open an Account with BDSwiss?

More and more brokers are making the transition towards CFD, FX and Cryptocurrencies and BDSwiss is one of those brokers. They have dropped option-trading completely and are now focusing on the above-mentioned products exclusively.

BSSwiss’ Education section includes tons of information (glossary, training videos, webinars, economic calendar, economic news, etc.) and a Trading Academy where information is laid out in the form of Lessons, which you can mark as complete after reading. They also have a Daily Analysis section, which is updated daily, as it should be.

They have a new Economic Calendar, new Economic News section, and Webinars that cover a wide range of topics. Strategy Webinars (their analysts will show you how to read charts and interpret technical indicators), Special Events (webinars focuses on major events that take place in the market) and Live Trading Sessions, where you can look over the shoulder of a professional and see how he is trading.

I must take a bit of time to talk about their status of being registered with the U.S. National Futures Association. So far I don’t think I’ve seen a brokerage registered with this regulator, and that’s a pretty big deal because the NFA is known to be a watchdog that bites more than it barks. However, as a trading company, they don’t accept US clients. Make of that what you want, because I don’t really understand how it works. I mean, why register with the NFA if you are not doing business with U.S. clients?

Maybe I don’t understand all the intricacies of doing business across the big pond, but to me, BDSwiss looks like a solid brokerage, focused on client protection, good education and fair trading conditions. And one thing is certain: in Europe, they are fully regulated and operating under the MiFID (EU Directive), so they definitely look like a good choice for your next online trading broker.

BDSwiss registered address is Ioanni Stylianou 6, 2nd floor, Office 202, 2003 Nicosia, Cyprus. Headquarters are located at 23, Spyrou Kyprianou Avenue, Protopapas Building, 3rd Floor, Mesa Gitonia, CY-4001 Limassol, according to the CySEC official website.

On BDSwiss’ website, they also list the address Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus. They also have a German address, for postal letters only: Mainzer Landstrasse 41 60329 Frankfurt, Germany. Support is available via email [email protected] or local phone numbers.

BDSwiss LLC is also registered with the U.S. National Futures Association (NFA), under ID number 0486419. The NFA is one of the most feared financial watchdogs in the industry but it is unclear whether they accept US clients or not.

BDSwiss Complaints

Surprisingly, people don’t talk much about this brokerage. I tried looking for complaints on all major forums and not much has surfaced; even our Comments section below this review only has a very small number of entries, with some people saying that BDSwiss is not regulated (obviously this is a well-regulated broker) and others complaining about inactivity fees being charged. All in all, there are no horror stories or major complaints.

BDSwiss Regulatory Warnings And Announcements

23.01.2020: The Cyprus Securities and Exchange Commission (CySEC) announced that on 19/12/2020 they have reached a settlement of 150,000 Euros with Bdswiss Holding Plc for suspicion of possible violations of the Investment Services and Activities and Regulated Markets Law of 2007 (the “Law”) and of the Directives issued pursuant to the Law. The settlement sum was fully paid. Source: CySEC Board Decision 23/01/2020

16.03.2020: The Cyprus Securities and Exchange Commission (CySEC) announced that on 14/12/2020 they have decided to impose an administrative fine of 5,000 Euros on the CIF BDSwiss Holding Ltd. for non-compliance with the Investment Services and Activities and Regulated Markets Law of 2007 (the “Law”). Source: CySEC Board Decision 16/3/2020

BDSwiss Bonus

Since this is a CySEC regulated brokerage, they have to follow the guidelines of CySEC Circular No: C168, which states that Cypriot Investment Firms (CIFs) must avoid offering bonuses to their clients. As a result, BDSwiss no longer advertises a Bonus but upon speaking with one of their representatives, I was told that my account manager would talk to me about possible promotions.

BDSwiss Withdrawal

The minimum withdrawal is $10 but if the client has more than $100 in his/her account and wants to withdraw less than $100, he/she will have to pay a fee of 5% of the withdrawal amount (minimum $25). It’s confusing, I know, but I don’t make these rules and I recommend you carefully read the documentation that’s available on their website.

BDSwiss Extras

BDSwiss LLC is registered with the U.S. National Futures Association. This is definitely an extra and it makes me think they are preparing some sort of product for the U.S. market. Anyway, that’s just speculation, so we’ll let some time pass to see where they’re going.

Trading Bitcoin With BDSwiss

In an attempt to align to the newest trend of cryptocurrency trading, BDSwiss now offers Contracts For Difference (CFD) on Bitcoin, Litecoin, and Ethereum. The minimum trade size is 0.1 lots and the maximum is 1 lot per position.

Trading is available 24/7 (yes, even on weekends) because Bitcoin and altcoins are not controlled by banks or any other entity and the maximum leverage is 2:1, which is not a lot but Bitcoin trading is still in its infancy and is still very volatile, that’s why you won’t find huge leverage for the time being.

BDSwiss Ratings

User Friendly 17/20

The website is easy to navigate due to its simplicity; the trading platform is accessible and has enough features, the FAQ section is well organized so you can find the information you’re looking for without the need to contact support. The website is translated into 22 languages, which is a lot and makes it accessible to people from many parts of the world.

Demo accounts are available but you will have to speak to a representative who will assess whether you qualify or not. I don’t really understand; I thought everybody qualifies for a Demo account.

Range Of Markets, Spreads And Leverage 18/20

Their trading basket contains over 200 assets, including indices, currencies, equities, commodities, and cryptocurrencies (Bitcoin, Litecoin, Ethereum, etc). The spreads are medium and floating so they change according to market conditions. The average is 1.5 pips on EUR/USD for the Basic account and 1.1 pips for the Black account. The leverage goes up to 1:30 for currencies and much lower for cryptocurrencies (1:2).

Deposits And Withdrawals 16/20

Deposits can be made via Maestro, Visa, a number of e-wallets and wire transfers. The same card/e-wallet the client used to deposit has to be used for withdrawal which is usually processed during the same day or the next but more time will pass until the money is visible in your account. The minimum deposit is 200 EUR/USD/GBP and the minimum withdrawal is 10 EUR/USD/GBP.

Fees And Support 18/20

There are no commissions to open an account, just like everywhere else but to withdraw, a fee of 5% must be paid if the sum is less than $100 but his/her account has more than $100 in it. Several other fees apply so we recommend reading their Terms And Conditions. Support is fast to answer and polite – available through live chat, email, phone, and several social media apps.

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