BDSwiss Fees and Minimum Deposit - TU Expert review
Assessing the size of the fees is the second most important factor for choosing a broker after reliability. The lower the fees, the more diverse their structure, the more beneficial it is to trade with the broker. Minimum deposit is another important factor that may tip the scale in favor of a certain broker. This is particularly important for novice traders, who cannot afford to invest a lot at the beginning. Traders Union analysts have prepared an analysis of BDSwiss fees and also assessed the size of its minimum deposit.
Short introduction of BDSwiss
The BDSwiss brokerage company has provided financial services in the Forex market since 2012. The broker is keen to cooperate with traders worldwide. Over the past year, the broker has received World Finance Awards such as Best Market Analytics Service Provider (FxScouts Awards), and Best Forex & CFD Broker (International Investor Awards).
| 💰 Account currency: | EUR, USD, GBP |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | 1:1000 (available for certain countries and regions.) |
| 💱 Spread: | From 0.0 p |
| 🔧 Instruments: | Forex, Commodities, Shares, Indices, Cryptocurrencies, ETFs |
| 💹 Margin Call / Stop Out: | 50% / 20% |
BDSwiss Pros and Cons
👍 Advantages of trading with BDSwiss:
•A vast array of trading assets.
•The ability to trade from both PC and mobile devices.
•A wide range of deposit and withdrawal methods.
•Withdrawal fees are paid by the company.
•The broker periodically conducts online lectures for its clients.
👎 Disadvantages of BDSwiss:
•Lack of investment programs and trading bonuses.
•The broker charges a fee for inactivity on the account.
•Support is unavailable on weekends.
Key types of fees on Forex
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
BDSwiss Commissions and Fees
The experts at Traders Union analyzed the presence of explicit and hidden trading and non-trading fees. For trading, the broker sets a spread in the amount of 0 - 0.1 pips for an investment account. There is no fee for replenishing the account or for converting currencies when replenishing in currencies other than those set by the company. The broker pays the fee for withdrawing funds. For inactivity on the account, the broker charges 10% of the account balance, but not less than 25 EUR and not more than 49.90 EUR. The fee is charged monthly until 0 remains on the trader's balance.
| Account type | Spread (minimum value) | Withdrawal commission |
| Cent | $15 | No |
| Classic | $15 | No |
| Premium | $11 | No |
| VIP | $11 | No |
| Zero Spread | $0 | No |
| StockPlus | DMA | No |
Why is it important to assess minimum deposit?
It is important for beginners and traders with limited financial capabilities to assess the minimum deposit of the broker. Different brokers offer different levels. Some companies focus on working with professional traders and their entry threshold is usually in the thousands or tens thousands of US dollars. Brokers that work with beginners offer low minimum deposit. It could be $500 or $100, or even $1.
In addition minimum deposit may differ depending on the account type. This is also an important factor to analyze. If a broker offers a low entry threshold, traders can get better conditions and still not spend too much money on funding their account.
BDSwiss Minimum deposit
How to Start Making Profits — Guide for Traders
BDSwiss offers users six types of accounts to choose from. Trading conditions for account holders differ in the minimum deposit size, access to Autochartist, trend analysis instruments, trade alerts, and access to online lectures.
Account types:
*Please note that Premium and Cent accounts are only available in certain countries and regions.
The broker also offers a demo account so that traders can test their trading skills, BDSwiss conditions, and test new trading strategies without risking one’s capital. BDSwiss is a broker that offers favorable trading conditions to both novice and experienced market participants.
Brokers similar to BDSwiss
When analyzing BDSwiss, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of BDSwiss and other brokers.
Comparison of BDSwiss with other Brokers
| BDSwiss | RoboForex | Pocket Option | Exness | FxPro | Tickmill | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, WebTrader, BDSwiss (Mobile app) |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, Mobile Trading, MT5, cTrader, FxPro Edge |
MT4, MT5, Tickmill Mobile App |
|
Min deposit |
$10 |
$10 |
$5 |
$10 |
$100 |
$100 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
Yes |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
$30 |
|
Cent accounts |
Yes |
Yes |
No |
No |
No |
No |
Expert Opinion
When comparing FTMO to similar prop firms, its conditions seem generally competitive and a balanced offering. With reasonable fees, enough leverage for many styles and an achievable cost starting from €155, it presents a solid choice for prop traders to evaluate further. There are also no added commissions on top of the spread which keeps trading costs low.
Some traders may find the testing requirements to be on the strict side, but this ensures people have proven themselves capable of managing risk before gaining access to larger funded accounts.
Overall, for those interested in prop trading and wanting the guidance of a funded program, FTMO offers a decent option to consider. Just be prepared to treat the challenge period like the job interview that it is.
Conclusion
Analysis of BDSwiss shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
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FAQs
If the fees are low, how does a broker make money?
As a rule, brokers with low fees earn on the fees thanks to high trading volume and also non-trading fees.
What fees may be charged on ECN accounts?
As a rule, the fees are minimal on ECN accounts, with the spread rarely above 0.1 pips. Commission per lot may be charged.
Why do some brokers set a high minimum deposit?
Many companies with high minimum deposits are focused on working with professional traders with experience and large capital. Therefore, they set a high entry threshold.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!