Top 8 Locally Based Brokers
BDSwiss Review
- Louis Schoeman
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Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11660 KES
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Yes
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
BDSwiss Review – 15 key points quick overview:
Regulation and Safety of Funds- Account Types and Features
- Account Registration
- BDSwiss Vs eToro Vs Plus500 – Broker Comparison
- Trading Platforms
- Range of Markets
- BDSwiss Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- BDSwiss Education and Research
- BDSwiss Affiliate Program
- BDSwiss Social Responsibility
- Verdict on BDSwiss
- BDSwiss Pros and Cons
- Frequently Asked Questions
BDSwiss Overview
👉 Overall, BDSwiss is one of the brokers with the best active presence on social media platforms. In addition to offering MetaTrader 4 and 5, BDSwiss offers its innovative, powerful proprietary trading platforms on mobile and internet browsers.
👉 BDSwiss was introduced in Zurich in 2012. The CFD and forex broker is a worldwide supplier with more than 16,000 affiliate accounts and presently trades more than €20 billion in FX each month.
👉 BDSwiss is multi-regulated and even though the broker does not have specific regulation through the Capital Markets Authority (CMA) in Kenya, BDSwiss is an ideal option for traders despite their trading objectives or needs.
👉 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 by BDSwiss, as well as its own unique mobile app for trading forex and CFDs on the go.
👉 Order execution statistics are strong with more than 1,000 trading products available. However, the spreads are much more than those of market leader tradable instruments.
👉 This BDSwiss review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders with BDSwiss is as follows:
➡️️ Germany – 16.9%
➡️️ Italy – 10.3%
➡️️ Mexico – 7.2%
➡️️ Malaysia – 5.8%
➡️️ Brazil – 5.1%
Popularity among traders who choose BDSwiss
🥇 While BDSwiss does not have a large market share in Kenya, it is still a viable option for Kenyan traders, placing it within the Top 100 brokers for the country.
BDSwiss at a Glance
| 🏛 Headquartered | Seychelles |
| 🏙 Kenyan Based Office | No |
| ✅ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2012 |
| 📞 Kenyan Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • YouTube • Blog • Telegram |
| ⚖️ Regulation | CySEC, FSC, BaFIN, FSA |
| 🪪 License Number | • Cyprus – 199/13 • Mauritius – C116016172 • Germany – 10134687 • Seychelles – SD047 |
| ⚖️ CMA Regulation | None |
| 🚫 Regional Restrictions | The United States, Belgium, and other OFAC sanctioned regions |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 4 |
| 📊 PAMM Accounts | None |
| 🤝 Liquidity Providers | None indicated |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Instant, Market |
| 📊 Average spread | From 0.3 pips |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 20% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a Kenyan shilling Account? | No |
| 👨💻 Dedicated Kenyan Account Manager? | No |
| 📊 Maximum Leverage | 1:1000 |
| 🚫 Leverage Restrictions for Kenya? | No |
| 💰 Minimum Deposit (KES) | 11,300 KES or an equivalent to $100 |
| ✅ Kenyan shilling Deposits Allowed? | No, only USD, GBP, EUR |
| 📊 Active Kenyan Trader Stats | 70,000+ |
| 👥 Active Kenyan-based BDSwiss customers | Unknown |
| 💳 Kenya Daily Forex Turnover | $100 million+ |
| 💵 Deposit and Withdrawal Options | • Bank wire transfer • Debit Cards • Credit Cards • Skrill • Neteller |
| 🏦 Segregated Accounts with Kenyan Banks? | No |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web |
| ✔️ Tradable Assets | • Forex • Commodities • Shares • Indices • Cryptocurrencies |
| 💸 Offers USD/KES currency pair? | No |
| 📈 USD/KES Average Spread | N/A |
| 📉 Offers Kenyan Stocks and CFDs | No |
| 🗣 Languages supported on Website | English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Kenyan-based customer support? | No |
| ✅ Bonuses and Promotions for Kenyans | None |
| 📚 Education for Kenyan beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✅ Is BDSwiss a safe broker for Kenyans? | Yes |
| 📊 Rating for BDSwiss Kenya | 9/10 |
| 🤝 Trust score for BDSwiss Kenya | 78% |
| 👉 Open an account | 👉 Open Account |
Regulation and Safety of Funds
The BDSwiss Group includes BDSwiss, which is a renowned financial institution that provides forex and CFD instruments for trading across several asset classes. BDSwiss.com Award-winning conditions, top trading platforms, and low pricing make BDSwiss a well-known brand.
BDSwiss does not occupy an office in Nairobi, Kenya. However, the company does have offices in over ten countries throughout the world. BDSwiss is regulated and authorized by the following:
➡️ The Cyprus Securities and Exchange Commission (CySEC) regulates BDSwiss Holding Ltd. under license number 199/13.
➡️ The Financial Services Commission (FSC) in Mauritius regulates BDS Markets as an investment dealer under license number C116016172.
➡️ Registered with the Federal Financial Supervisory Authority (BaFIN) as HRB 160749B, BDSwiss GmbH.
➡️ Seychelles’ Financial Services Authority (FSA) has licensed and regulated BDS Ltd. under license number SD047.
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11660 KES
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Yes
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Account Types and Features
More than 250 financial products may be accessed via BDSwiss’ four separate retail investor accounts. The following user accounts are on offer:
➡️ Classic Account
➡️ Premium Account
➡️ VIP Account
➡️ RAW Account
In addition, the BDSwiss official website reports that a Cent Account is provided. However, this account type is still undocumented, indicating that work is still being done on it. To stay up to speed on the Cent Account option from BDSwiss, Kenyan traders can subscribe to the broker’s email newsletters or follow the broker on social media platforms.
Live Trading Accounts
Classic Account
This is a conventional and typical account that is quite popular among typical Kenyan traders.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 1.5 pips |
| 📈 Maximum Leverage | 1:500 |
| 💵 Tradable Instruments | Over 250 |
| 💸 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies CFDs |
| 💰 Commissions per round lot | • $2 on Indices • 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 💻 Platforms available | All |
| 🚨 Are trading alerts offered? | Limited Access granted |
| ✔️ AutoChartist Performance Stats offered? | Yes, with a 57,200 KES minimum deposit |
| 👨💻 Personal Account Manager | Yes, with a 114,500 KES minimum deposit |
| 1️⃣ Priority Service | No |
| 🔧 AutoChartist Standard Tools | Yes |
| 💰 Access to Trading Central? | Yes |
| 📚 Trading Academy and Live Webinars | Yes |
| 👥 Trade Companion offered? | No |
| ☪️ Islamic Account option? | Yes |
| 🥇 VIP Webinars | No |
| 📞 24/5 Customer Service and Support? | Yes |
| 💰 Minimum deposit requirement | 11,300 KES |
Premium Account
This is an upgrade and offers Kenyan traders additional benefits and features as can be seen below.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 1.1 pips |
| 📈 Maximum Leverage | 1:1000 |
| 💵 Tradable Instruments | Over 70 |
| 💸 Available Assets | • Forex CFDs • Commodities CFDs |
| 💰 Commissions per round lot | None |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 💻 Platforms available | BDSwiss Web, BDSwiss Mobile, MetaTrader 4 |
| 🚨 Are trading alerts offered? | Limited Access granted |
| ✔️ AutoChartist Performance Stats offered? | Yes, with a 57,200 KES minimum deposit |
| 👨💻 Personal Account Manager | Yes, with a 114,500 KES minimum deposit |
| 1️⃣ Priority Service | No |
| 🔧 AutoChartist Standard Tools | Yes |
| 💰 Access to Trading Central? | Yes |
| 📚 Trading Academy and Live Webinars | Yes |
| 👥 Trade Companion offered? | No |
| ☪️ Islamic Account option? | Yes |
| 🥇 VIP Webinars | No |
| 📞 24/5 Customer Service and Support? | Yes |
| 💰 Minimum deposit requirement | 41,000 KES |
VIP Account
This is the Professional account offered by BDSwiss that caters to seasoned traders and investors who need the best possible trading conditions and additional features.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 1.1 pips |
| 📈 Maximum Leverage | 1:500 |
| 💵 Tradable Instruments | Over 250 |
| 💸 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies • CFDs |
| 💰 Commissions per round lot | 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 💻 Platforms available | All |
| 🚨 Are trading alerts offered? | VIP Access |
| ✔️ AutoChartist Performance Stats offered? | Yes |
| 👨💻 Personal Account Manager | Yes |
| 1️⃣ Priority Service | Yes |
| 🔧 AutoChartist Standard Tools | Yes |
| 💰 Access to Trading Central? | Yes |
| 📚 Trading Academy and Live Webinars | Yes |
| 👥 Trade Companion offered? | Yes |
| ☪️ Islamic Account option? | Yes |
| 🥇 VIP Webinars | Yes |
| 📞 24/5 Customer Service and Support? | Yes |
| 💰 Minimum deposit requirement | 343,600 KES or an equivalent to $3,000 |
Raw Account
This is an account that offers the tightest spreads for scalpers, day traders, and other fast-paced, high-volume traders.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 0.3 pips |
| 📈 Maximum Leverage | 1:500 |
| 💵 Tradable Instruments | Over 250 |
| 💸 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies CFDs |
| 💰 Commissions per round lot | • $2 on Indices • $5 on all forex currency pairs • 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 💻 Platforms available | BDSwiss Mobile, BDSwiss Web, MetaTrader 4 |
| 🚨 Are trading alerts offered? | VIP Access |
| ✔️ AutoChartist Performance Stats offered? | Yes |
| 👨💻 Personal Account Manager | Yes |
| 1️⃣ Priority Service | Yes |
| 🔧 AutoChartist Standard Tools | Yes |
| 💰 Access to Trading Central? | Yes |
| 📚 Trading Academy and Live Webinars | Yes |
| 👥 Trade Companion offered? | Yes |
| ☪️ Islamic Account option? | No |
| 🥇 VIP Webinars | Yes |
| 📞 24/5 Customer Service and Support? | Yes |
| 💰 Minimum deposit requirement | 570,700 KES or an equivalent to $5,000 |
Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and BDSwiss offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Muslim traders in Kenya can convert the Classic, Premium, and the VIP account to an Islamic Account, exempting them from paying/receiving overnight fees.
Account Registration
Only a few minutes are needed to fill out the application form for BDSwiss. Traders are required to enter basic information and authenticate their email addresses before they may trade.
To complete the Know Your Customer (KYC) procedure, Kenyan traders must provide identification and proof of residence after completing the application. Traders in Kenya access and fund the trading account after the necessary paperwork have been gathered and validated.
BDSwiss Vs eToro Vs Plus500 – Broker Comparison
| BDSwiss | eToro | Plus500 | |
| ⚖️ Regulation | CySEC, FSC, BaFIN, FSA | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA | ASIC, FMA, FSCA, FCA, CySEC, FSA, MAS |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web | • eToro proprietary platform | • Plus500 mobile and web-based trading platform |
| 💰 Withdrawal Fee | Yes, <100 EUR withdrawals | Yes | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 11,300 KES | 22,900 KES | 11,300 KES |
| 📈 Leverage | Up to 1:1000 | 1:30 (Retail) 1:400 (Professional | 1:30 |
| 📊 Spread | From 0.3 pips | From 1 pip | 0.8 pips |
| 💰 Commissions | $2 to $5 | None | None |
| ✴️ Margin Call/Stop-Out | 50%/20% | None indicated | None |
| ✴️ Order Execution | Instant/Market | Market/Instant | None |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | In Progress | No | Yes |
| 📈 Account Types | • Classic Account • Premium Account • VIP Account • RAW Account | • Retail Account • Professional Account | • Standard Live Account |
| ⚖️ CMA Regulation | No | No | No |
| 💳 KES Deposits | No | No | No |
| 📊 Kenyan shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/6 | 24/7 |
| 📊 Retail Investor Accounts | 4 | 1 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11660 KES
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Yes
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Trading Platforms
BDSwiss offers Kenyan traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Mobile
➡️ BDSwiss Web
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
The MetaTrader 4 and 5 desktop platforms that are offered by BDSwiss offer Kenyan traders:
➡️ A customizable and user-friendly interface
➡️ Newsfeeds that are updated on the trading platform
➡️ Access to pre-programmed analytical tools
➡️ Access to analytical studies
➡️ Multiple comprehensive charting options
➡️ A wide range of timeframes, analytical tools, drawing options, and more
➡️ Expert advisors, and more.
Trading on the BDSwiss MT4 is a pleasurable experience regardless of one’s degree of expertise due to the software’s easy-to-use interface and extensive feature set. MetaTrader 5 is the updated version that provides a much wider range of trading instruments across several global financial markets.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Web
With the help of BDSwiss’ innovative technology, the MetaTrader MT4 platform has been transformed into a user-friendly trading platform for traders of all skill levels.
To trade in the financial markets, BDSwiss Forex MT4 has everything you need (forex, indices, commodities, and more). All the materials and tools required to study the price dynamics of financial instruments, execute, and amend trades, and design and utilize automated trading algorithms (Expert Advisors) are supplied.
BDSwiss’ MT5 trading platform gives Kenyan traders access to much more functionality than what is featured on MetaTrader 4.
All the pioneering features of MT4 are included in the BDSwiss MT5 platform, but it now includes more sophisticated trading tools and indicators that allow traders to keep more control over their trades and make better choices based on innovative and robust research.
The proprietary BDSwiss WebTrader was created in-house and emphasizes simplicity, speed, and reliability, enabling you to trade from any browser and operating system without installing or running any software.
The WebTrader is loaded with features, including a plethora of trading tools, indicators, automatic trading, and a customizable order window. BDSwiss Web is offered in more than 24 languages and is completely compatible with the BDSwiss App and MetaTrader 4.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Mobile
MetaTrader 4’s mobile app offers Kenyan traders unlimited access to a wide range of financial instruments that are offered by BDSwiss. MetaTrader 4 also offers different functions and features that have been optimized for mobile trading from anywhere in the world.
Offering a superior trading experience, the MT5 mobile app enables BDSwiss clients to trade a broader range of CFD instruments across multiple asset classes all from a single platform with customizable settings, no strategy restrictions, low slippage, and ultra-fast order execution.
BDSwiss Mobile has an intuitive interface that enables traders to access, monitor, and manage their trading positions easily while on the move. In addition, Kenyans can make use of the same market monitoring capabilities and trading tools that are accessible on the web-based platform.
Traders have access to the trading account dashboard to make withdrawals and deposits. All assets, including forex, CFDs, and cryptocurrencies, are supported. The BDSwiss proprietary mobile app can be downloaded from the respective app stores for Android and iOS.
Range of Markets
BDSwiss offers Kenyan traders the following range of tradable markets:
➡️ Forex
➡️ Commodities
➡️ Shares
➡️ Indices
➡️ Cryptocurrencies
Trading and Non-Trading Fees
Spreads
BDSwiss charges variable spreads, which vary according to the account type, financial instrument, and market circumstances on the trading day. Kenyan investors can anticipate the following typical spreads:
➡️ Classic Account – 1.5 pips EUR/USD
➡️ Premium Account – 1.1 pips EUR/USD
➡️ VIP Account – 1.1 pips EUR/USD
➡️ RAW Account – 0.3 pips EUR/USD
Commissions
Commissions are charged by BDSwiss on specific accounts and financial products to offset broker costs. Traders may anticipate the following commissions, which vary depending on the kind of account:
➡️ Classic Account – $2 on indices and 0.15% on shares
➡️ VIP Account – 0.15% on shares
➡️ RAW Account – $2 on indices, $5 on forex pairs, 0.15% on shares
Overnight Fees, Rollovers, or Swaps
Positions left open overnight are subject to overnight costs, which are typically -0.5 pips on a short swap and -7.0 pips on a long swap, no matter what kind of trading account is being utilized. Other typical overnight Fees include:
➡️ GBP/USD – a short swap of -0.7 and a long swap of -6.7
➡️ USD/JPY – a short swap of -10.8 and a long swap of 0.05
➡️ USD/HKD – a short swap of -8.5 and a long swap of -20.0
➡️ USOIL – a short swap of -23.0 and a long swap of -39.0
➡️ XAU/USD – a short swap of -3.5 and a long swap of -8.2
➡️ XAG/USD – a short swap of -0.05 and a long swap of -0.25
➡️ Stocks – a short swap of -2.0 and a long swap of -4.0
➡️ NAS100 – a short swap of -4.1706 and a long swap of -3.2694
➡️ Cryptocurrencies – short swaps of -100% and long swaps of -100%
Deposit and Withdrawal Fees
BDSwiss does not apply any deposit fees but there is a fee when traders withdraw less than 100 EUR, subject to a fee of 10 EUR per withdrawal that falls below this minimum.
Other Fees
Currency translation costs apply to deposits made by Kenyan traders in any currency other than British pounds, Euros, or US dollars. If an account is idle for more than three months, BDSwiss charges an inactivity fee of 10%.
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11660 KES
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Yes
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Trading and Non-Trading Fees
Spreads
BDSwiss charges variable spreads, which vary according to the account type, financial instrument, and market circumstances on the trading day. Kenyan investors can anticipate the following typical spreads:
➡️ Classic Account – 1.5 pips EUR/USD
➡️ Premium Account – 1.1 pips EUR/USD
➡️ VIP Account – 1.1 pips EUR/USD
➡️ RAW Account – 0.3 pips EUR/USD
Commissions
Commissions are charged by BDSwiss on specific accounts and financial products to offset broker costs. Traders may anticipate the following commissions, which vary depending on the kind of account:
➡️ Classic Account – $2 on indices and 0.15% on shares
➡️ VIP Account – 0.15% on shares
➡️ RAW Account – $2 on indices, $5 on forex pairs, 0.15% on shares
Overnight Fees, Rollovers, or Swaps
Positions left open overnight are subject to overnight costs, which are typically -0.5 pips on a short swap and -7.0 pips on a long swap, no matter what kind of trading account is being utilized. Other typical overnight Fees include:
➡️ GBP/USD – a short swap of -0.7 and a long swap of -6.7
➡️ USD/JPY – a short swap of -10.8 and a long swap of 0.05
➡️ USD/HKD – a short swap of -8.5 and a long swap of -20.0
➡️ USOIL – a short swap of -23.0 and a long swap of -39.0
➡️ XAU/USD – a short swap of -3.5 and a long swap of -8.2
➡️ XAG/USD – a short swap of -0.05 and a long swap of -0.25
➡️ Stocks – a short swap of -2.0 and a long swap of -4.0
➡️ NAS100 – a short swap of -4.1706 and a long swap of -3.2694
➡️ Cryptocurrencies – short swaps of -100% and long swaps of -100%
Deposit and Withdrawal Fees
BDSwiss does not apply any deposit fees but there is a fee when traders withdraw less than 100 EUR, subject to a fee of 10 EUR per withdrawal that falls below this minimum.
Other Fees
Currency translation costs apply to deposits made by Kenyan traders in any currency other than British pounds, Euros, or US dollars. If an account is idle for more than three months, BDSwiss charges an inactivity fee of 10%.
Deposits and Withdrawals
BDSwiss offers the following deposit and withdrawal methods:
➡️ Bank wire transfer
➡️ Debit Card
➡️ Credit Card
➡️ Skrill
➡️ Neteller
How to Deposit Funds with BDSwiss
To deposit funds, Kenyan traders can follow these steps:
➡️ Log into the BDSwiss profile and select the account to be funded by selecting “Payments” and then “Deposits.”
➡️ Indicate the amount to deposit.
➡️ Choose a payment method and click on “Proceed to Pay.”
➡️ Confirm the deposit details on the next page and follow any additional steps that could be required by the payment provider.
How to Withdraw Funds with BDSwiss
Traders can obtain the option to withdraw money from the appropriate menu by logging onto their secure client site. If Kenyans want to withdraw money from the trading account, they should be sure it has been validated first.
Kenyan traders must use the same deposit method that was used to fund their accounts to withdraw funds. The trader must then indicate how much money they intend to withdraw and follow any extra instructions.
Traders may submit their withdrawal request after they have finished it, and the appropriate department will take care of it.
BDSwiss Education and Research
BDSwiss offers the following Educational Materials:
➡️ A learning centre
➡️ Forex eBooks
➡️ Live Education
➡️ Forex Basic Lessons
➡️ Forex Glossary
➡️ Educational Videos
➡️ Seminars
BDSwiss offers Kenyan traders the following Research and Trading Tools:
➡️ Daily Analysis on the markets
➡️ Technical Analysis
➡️ Daily Videos
➡️ Weekly Outlook
➡️ Market Insights
➡️ Special Reports
➡️ Analyst financial commentary
➡️ Live Daily Webinars
➡️ Economic Calendar
➡️ VPS Service
➡️ Trade Comparison
➡️ Trend Analysis
➡️ Trading Central
➡️ AutoChartist
➡️ Real-Time Trading Alerts
➡️ Currency Heatmap
➡️ Trading Calculators
BDSwiss Affiliate Program
Affiliates of the BDSwiss network could include anybody who has a large online presence, such as a blog, social media account, instructional Forex center, or any other digital media. One of the advantages of the affiliate program is the opportunity to earn money while promoting BDSwiss’ products and services to the affiliate’s target audience.
Affiliates may use a variety of BDSwiss marketing and tracking tools to help spread the word about BDSwiss. For partners to profit from the affiliate’s influence, they must learn about BDSwiss affiliate commission choices via the affiliate’s program.
The following are the benefits that BDSwiss gives to its affiliates:
➡️ One of the best conversion rates (37%), quick onboarding of referrals, specialized contact centers, and a variety of local and international payment options are all contributing to this success.
➡️ Over 250 CFDs and assets from various asset classes are available as part of our multi-product solutions. Multi-award-winning platforms are also available on a variety of platforms.
➡️ A 100% response rate with response times of 13 seconds or less. Affiliate managers are available, as well as personal account managers for VIP referrals.
➡️ Ad serving, tracking, and management are all essential components of the finest tracking systems.
➡️ In addition, BDSwiss provides independent mobile traffic monitoring, rapid and thorough reporting performance, and other features.
BDSwiss Social Responsibility
As a company, BDSwiss is committed to maintaining a strong sense of social responsibility. Instilling the same philanthropic principles in workers and fostering an organizational culture that supports significant global and local activities focused on producing good change are two of the ways that BDSwiss achieves this.
In December 2021, for the third year in a row, BDSwiss donated €5,000 to the “Elpida” Foundation for Children with Cancer & Leukaemia as part of its CSR activities. Children receiving cancer treatment and their families received financial and psychological support from the hospital because of this generous donation.
In addition, BDSwiss held a blood donation campaign in Limassol on December 10, 2021, as part of its continued commitment to corporate social responsibility. By giving blood and organizing the camp, BDSwiss’ workers, colleagues, friends, and family members were all involved in the effort.
Verdict on BDSwiss
As a multi-regulated broker, BDSwiss offers an excellent selection of instruments to trade across a wide variety of assets. In addition to strong trading platforms, they provide a wealth of instructional resources.
It is easy to switch between accounts based on your requirements, and customer service is quick and kind. In addition, the BDSwiss platforms provide a large choice of stocks and commodities for traders to choose from. Day traders will like the frequent trader seminars and the ease with which they may pick up new skills on the platforms.
BDSwiss Pros and Cons
| ✔️ Pros | ❌ Cons |
| BDSwiss is a trusted broker that offers competitive trading conditions | There is an inactivity fee applied to inactive accounts |
| Client fund security is guaranteed and there is investor protection offered | There are withdrawal fees charged |
| Traders have access to several educational tools and other resources | Kenyan shilling deposits are not accepted and there is no KES-denominated account |
| There are advanced charting tools offered | BDSwiss’ proprietary trading platform is not available on desktops |
| There are no deposit fees charged | |
| There is a selection of funding options offered | |
| Kenyan traders can use leverage up to 1:1000 when they trade forex major pairs | |
| There are commission-free options provided on some trading accounts |
Frequently Asked Questions
Is BDSwiss regulated and by whom?
Yes, BDSwiss is regulated by CySEC, FSC, BaFIN, and FSA.
Does BDSwiss offer leverage and what is the maximum ratio offered?
Yes, BDSwiss offers maximum leverage up to 1:1000.
Which trading platforms are supported by BDSwiss?
BDSwiss supports the use of these trading platforms:
- MetaTrader 4
- MetaTrader 5
- BDSwiss Mobile
- BDSwiss Web
What is the overall rating for BDSwiss out of 10?
The overall rating for BDSwiss is 9/10.
Is BDSwiss suitable for beginner and professional traders?
Yes, BDSwiss is an ideal broker that can be used by beginner and professional traders.
