Welcome to the tradingapps.org review of the BDSwiss mobile app. I’d just like to mention how much I enjoyed testing out BDSwiss app and was surprised at what it had to offer. Without further ado, let’s get into the review.
|Intruments||Forex, Stocks & Crypto|
|Languages||English, Czech, German, Italian, Spanish, Korean, French, Norweigan, Polish, Danish, Arabic, Malay, Thai, Viatnemese, Filipino, Hindi, Indonesian, Chinese, Romanian, Turkish, Russian|
|Trading Platforms||Web & Mobile Apps|
What is BDSwiss?
BDSwiss is a trading app for Forex, Crypto & Stock CFDs which was founded in 2012, in Mauritius. It is regulated under the Financial Services Commission of Mauritius (FCS) scheme among many other regulatory boards in over 25 countries. The app offers 24/7 trading on several different products and is available on IOS, Android and Google Play.
Download BDSwiss App
Below you will find the instructions to download the BDSwiss app for every compatible device.
How to download for IOS
Downloading the BDSwiss app for IOS is simple and should only take you a few minutes, here are the steps to get the app:
- Register for a free BDSwiss account using this link
- Open the Apple App Store and search for BDSwiss
- Select the correct app from the results and click ‘Get’
- Wait for the download to finish
- Open the app
- Sign in
- Start trading – it’s that simple
Get the BDSwiss App on Android/Google Play
To download the BDSwiss app for Google Play and Android requires the same method since Android apps are now on the Google Play store, you no longer need an APK file. Use the following instructions to download the BDSwiss app for Android/Google Play:
- Sign up for a (free) BDSwiss account on the official BDSwiss website here
- Open the Google Play Store on your device
- Search for BDSwiss
- Install the app
- Open the app
- Sign in with your account details which you created in step 1
- Deposit and trade – you’re all done!
Is BDSwiss Safe?
When it comes to any trading app, it’s really important that we determine if it is safe to use before depositing hard-earned money. This way, you limit the risk you expose yourself to. There have been many cases of fraudulent, unauthorised trading schemes, therefore you should always check the regulation of the broker you are looking to use.
During our review of the BDSWiss app, we did some digging into the safety and security features of the app as well as the parent company which operates the app to determine if BDSwiss is, in fact, legit.
Yes, BDSwiss is considered a safe trading app to use. It is regulated in 30 countries by over 10 different authority boards including CySec & the Financial Conduct Authority (FCA). BDSwiss is also MiFID and MiFID II approved, meaning that they abide by strict regulations within Europe.
BDSwiss offers three main account types on their mobile and web trading platforms. I found that their account details page was really useful for finding the right account type for you since they ask you questions to better suit your account type. The account types on BDSwiss are:
- Raw Spread
There’s also a nice comparison table weighing up the pros and cons for each account type on bdswiss.com.
Deposit & Withdrawal
Before you can make a deposit onto the BDSwiss app, you have to first register for a free account here.
Once you’ve opened an account on BDSwiss, you can go ahead and make a deposit. To do this, log in to either the BDSwiss web or mobile app and go to ‘Deposit‘.
Which deposit methods are available on BDSwiss?
BDSwiss offers a wide range of deposit methods to suit traders in different locations. The deposit methods on BDSwiss are:
- Credit & Debit Cards
- Bank Transfer
What is the minimum deposit?
There is currently no minimum deposit on the BDSwiss Web or Mobile trading platforms. This is nice to see and makes this trading app ideal for traders with smaller available funds.
Is there a deposit fee on BDSwiss?
There are no deposit fees charged on BDSwiss for any of the listed accepted payment methods, this is refreshing to see and just adds to the quality of this advanced trading app.
Withdrawing from BDSwiss
You’ll almost definitely want to be able to cashout from BDSwiss at some point (especially if you make some nice profits) and for this reason, it’s nice to have the peace of mind to do so.
The withdrawal methods on BDSwiss are exactly the same as the deposit methods listed above, you usually have to withdraw to the same payment method that you used to deposit onto the BDSwiss app.
Aside from bank withdrawals which cost 10 EUR if you withdraw under 100 EUR/GBP/USD, there are no withdrawal fees on BDSwiss.
So, how long does a withdrawal take on BDSwiss? Withdrawal times vary on BDSwiss depending on the payment method you choose to use to make a withdrawal. If you use Skrill, you could receive your funds within 24 hours, whereas with bank transfers and credit/debit cards, it may take up to 7 working days.
Like with many other areas of the app, BDSwiss offers a large range of currencies for trading accounts. In my opinion, the more currencies supported, the better the trading app since it provides traders with more options which is always a good thing. The currencies available on BDSwiss are EUR (€), USD ($), GBP (£), PLN (zł), DKK (kr), SEK (kr), NOK (kr) and CHF (Fr).
Being able to open a demo account on a trading app is of utmost importance for me personally as it lets you see whether or not the broker is right for you, and more importantly if you enjoy using it!
You’ll be pleased to know that BDSwiss does, in fact, offer a demo account on both the web and mobile applications. This amount you get as standard on the BDSwiss demo account is £10,000/€10,000/$10,000 depending on your currency.
To sign up for a free BDSwiss demo account, click here.
Since the BDSwiss app was released recently, it has a nice modern interface and is compatible with the latest smartphones. The app has an array of different features to make everyone’s trading experience on the app that little bit nicer and more efficient.
As expected, the BDSwiss app has built-in charts for each tradeable pair available. This lets you track the price changes of assets to help you better predict the potential future price changes. You can choose between both line and candlestick charts on the BDSwiss app. Here’s what the charts look like:
Position & Asset Management
You can monitor both your open and closed positions on the BDSwiss app as well as see your account balance and make deposits/withdrawals. This is good since it means that you can use the full functionality of the BDSwiss trading platform on-the-go with the mobile trading app.
Knowing when price movements happen is extremely important when it comes to trading as it means that you can know when new opportunities arise as well as monitor your positions and reduce/increase risk if needed. The alerts on the BDSwiss app are free and work for all versions of the app including IOS, Google Play & Android. You can only use the BDSwiss alerts function when you have opened a free account.
Before you trade with any broker, it’s also important to understand the fees and charges you might have to pay when making a trade. This can influence which trading app you decide to use as fees can really add up and eat into your profits.
The fees on BDSwiss are the same for both the mobile and web apps and are as follows:
Stock CFDs: 0.1%
Forex: Varies by spread
Swap fees: 0.1%
Similarly to many other brokers, BDSwiss offers an affiliate program whereby you can earn by referring people to trade on the BDSwiss web or mobile apps. Let’s take a deeper look into the BDSwiss affiliate program.
Firstly, you’re probably wondering how much you can earn as a BDSwiss affiliate. Well, the answer to this question is that you can earn as much as you want, it isn’t limited. It all depends on how many people you can get to sign up to BDSwiss every month, make a successful deposit and trade.
The main commission plan on the BDSwiss affiliate program is a called a ‘commission per lot’. Essentially, this means that you will earn a set amount for each lot traded by people you refer to BDSwiss. This makes the BDSwiss affiliate program a brilliant form of passive income as you can earn from traders for the whole lifetime of their account.
Here’s a sneak peek of the BDSwiss affiliate dashboard:
From this dashboard, you can get all the links and marketing tools you need to promote BDSwiss as well as make withdrawals to your bank account so that you can ultimately spend those earnings.
Many promoters out there are probably wondering if you can also earn from the BDSwiss affiliate program on a CPA basis. The answer is yes, BDSwiss does offer a CPA plan, although I was unable to find how much you get paid per acquisition on the BDSwiss affiliate program.
The affiliate payment plan you choose just depends on your personal preference if you think that you can earn more on average over the lifetime of a referred users account than the one-off CPA amount, then you know which is the best option.
Interested in earning from the BDSwiss affiliate program? Visit the official partners.bdswiss.com website.
Some say rightly so that the most important factor to consider when deciding on which broker/trading app to use is what the customer support is like. The quality of support can really change your experience for the better or worse – like with anything in this world.
For the purpose of this review, I made a test request of the BDSwiss support and found that it lived up to my expectations gained during the rest of the app test. It was easy to use, fast and helpful.
The available support methods on BDSwiss are as follows:
WhatsApp: +49 15792 454 575
Phone: +44 20 367 05 890
Live chat: bdswiss.com/live-chat
I really like the wide selection of support methods available on BDSwiss, it makes it easier than ever to get in touch and get any issues you may have sorted.