What Account Types and Fees Does BDSwiss Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Cent Account |
Beginners and novice traders |
Low minimum deposit, trading in cent lots |
Suitable for risk-averse individuals starting with small investments |
| Classic Account |
Casual traders and day traders |
Access to a wide range of instruments, reasonable spreads |
Ideal for those seeking a balance between cost and access to trading products |
| VIP Account |
Experienced and high-volume traders |
Tighter spreads, personalized support |
Requires a higher minimum deposit; tailored for significant trading activities |
| Zero-Spread Account |
Scalpers and day traders |
No or minimal spreads, commission-based trading |
Best for high-frequency trading; requires active trading strategies |
| Islamic Account |
Traders adhering to Sharia law |
Swap-free trading conditions |
Available across all account types without overnight interest |
| Demo Account |
New traders and practice-focused users |
Risk-free trading using virtual funds |
Allows for practice without financial risk; limited duration |
Account Opening Process
To open an account with BDSwiss, follow these steps: First, navigate to the BDSwiss website and click on the “Sign Up” button. You will need to fill out a registration form with your personal details, including your name, email address, and phone number. After that, you must provide information about your employment situation and financial status.
Next, identity verification is required, which includes submitting a valid ID and proof of address. Once your documents are verified, you can choose the type of trading account that fits your needs. BDSwiss allows for account flexibility, meaning you can upgrade to a professional account later if your trading volume qualifies you for such an upgrade.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.3 |
$0 (ECN: $3.5/lot) |
Competitive spreads for major pairs |
| CFDs (Indices) |
1.5 |
$2 per lot |
Includes major global indices |
| CFDs (Commodities) |
1.5 |
$6 per lot |
For commodities like oil and gold |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable based on market conditions |
Other Fees
BDSwiss imposes several additional fees that traders should be aware of. These include:
– Deposit/Withdrawal Fees: Generally, there are no deposit or withdrawal fees, but this may vary based on the method used.
– Inactivity Fees: An inactivity fee of $10 may apply if there are no trades for three consecutive months.
– Platform Usage Fees: No specific platform usage fees are indicated, but trading may incur costs based on the account type.
– Overnight Interest: Swap rates may apply to accounts that are not Islamic, impacting positions held overnight.
– Currency Conversion Fees: These may apply if trading in currencies not matching your account base currency.
