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BDSwiss Account Types

Overall, BD Swiss provides 4 different account types, the Classic account, a Premium account, a VIP account, and the RAW Account. The Islamic account and demo account options are also available. BD Swiss has an overall Trust Score of 9 out of 10.

Updated : September 27, 2022

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Account Types Overview

Account Types

Account Features

Pros and Cons

Final Verdict

FAQ

Overall Rating

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 Kenya Overview

👉 Overall, BDSwiss is considered low-risk, with an overall Trust Score of 83 out of 100. BDSwiss is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). BDSwiss offers four different retail trading accounts namely a Classic Account, Premium Account, VIP Account, and a RAW Account.

 

👉 BDSwiss has made a name for itself in the world of online trading ever since the company was founded in 2012. The company offers a well-selected assortment of goods and services that were developed with a variety of customers in mind.

 

👉 BDSwiss provides its professional traders and institutional customers with the superior tools they need, in addition to offering support, instructional materials, and frequently updated research.

 

👉 In addition, the provision of services such as AutoChartist, professional fund management solutions, real-time alerts, and virtual private server (VPS) connection guarantees that all its customers enter the market equipped with all the appropriate resources.

 

👉 Traders of all levels will be able to experience and appreciate the outstanding value that is provided by BDSwiss, which includes raw variable spreads that may start as low as 0.0 pips, institutional quality liquidity, and speedy execution. Traders will be able to take advantage of these features.

 

👉 BDSwiss has clients from around the world and these areas have the largest distributions:

➡️ Germany – 16.7%

➡️ Poland – 9.03%

➡️ India – 8.9%

➡️ South Africa – 6.7%

➡️ Cyprus – 6.5%

BDSwiss At a Glance

🏛 HeadquarteredSeychelles
🏙 Kenyan Based OfficeNo
✅ Accepts Kenyan Traders?Yes
🗓 Year Founded2012
📞 Kenyan Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• Instagram
• YouTube
• Blog
• Telegram
⚖️ RegulationCySEC, FSC, BaFIN, FSA
🪪 License Number• Cyprus – 199/13
• Mauritius – C116016172
• Germany – 10134687
• Seychelles – SD047
⚖️ CMA RegulationNone
🚫 Regional RestrictionsThe United States, Belgium, and other OFAC sanctioned regions
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts4
📊 PAMM AccountsNone
🤝 Liquidity ProvidersNone indicated
💸 Affiliate ProgramYes
📲 Order ExecutionInstant, Market
📊 Average spreadFrom 0.3 pips
📞 Margin Call50%
🛑 Stop-Out20%
Crypto trading offered?Yes
💰 Offers a Kenyan shilling Account?No
👨‍💻 Dedicated Kenyan Account Manager?No
📊 Maximum Leverage1:1000
🚫 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 Stats70,000+
👥 Active Kenyan-based BDSwiss customersUnknown
💳 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 SpreadN/A
📉 Offers Kenyan Stocks and CFDsNo
🗣 Languages supported on WebsiteEnglish, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
👥 Kenyan-based customer support?No
✅ Bonuses and Promotions for KenyansNone
📚 Education for Kenyan beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✅ Is BDSwiss a safe broker for Kenyans?Yes
📊 Rating for BDSwiss Kenya9/10
🤝 Trust score for BDSwiss Kenya78%
👉 Open an account👉 Open Account

BDSwiss Account Types

👉 BDSwiss provides Kenyan traders of all skill levels with a choice between four different dynamic retail investor accounts. These accounts provide traders access to global financial markets and competitive trading conditions.

 

👉 The live account options offered by BDSwiss include:

➡️ Classic Account

➡️ Premium Account

➡️ VIP Account

➡️ RAW Account

 

💻 Live Account💰 Minimum Dep.📊 Average Spread🔄 Commissions💵 Average Trading Cost
Classic11,900 KES /$1001.5 pips0.15% Indices15 USD
VIP350,000 KES or $3,0001.1 pips0.15% Indices11 USD
RAW590,000 KES or $5,0000.3 pips0.15%8 USD
Premium11,900 KES /$1001.1 pipsNone11 USD

 

BDSwiss Account Features

Classic Account

👉 Most Kenyan traders, regardless of their trading styles or levels of expertise, use this basic and beginner-friendly trading account. It is highly popular among Kenyan traders.

💠 Account Feature💰 Value
📈 Average Spread on EUR/USD1.5 pips
📈 Maximum Leverage1:500
🔆 Tradable InstrumentsOver 250
📈 Available AssetsForex CFDs
Stocks CFDs
Indices CFDs
Commodities CFDs
Cryptocurrencies CFDs
🔎 Commissions per round lot$2 on Indices
0.15% on Shares
✴️ Margin Call50%
📊 Stop-out level20%
💳 Instant Withdrawals offered?Yes, only on credit cards up to 2,000 €/$/£
💳 0% fees on Deposits and CC Withdrawal? Yes
💻 Platforms availableAll
📊 Are trading alerts offered?Limited Access granted
📈 AutoChartist Performance Stats offered?Yes, with a 208,500 NGN minimum deposit
🎓 Personal Account ManagerYes, with a 417,000 minimum deposit
Priority ServiceNo
📈 AutoChartist Standard ToolsYes
🚀 Access to Trading Central?Yes
📊Trading Academy and Live WebinarsYes
📊Trade Companion offered?No
☪️ Islamic Account option?Yes
🔎 VIP WebinarsNo
👨‍💼 24/5 Customer Service and Support?Yes
💳 Minimum deposit requirement41,000 NGN

 

Premium Account

👉 As can be seen in the table that follows, this is the next account level for Kenyan traders, and it comes with a greater number of features and benefits than the previous one.

💠 Account Feature💰 Value
📈 Average Spread on EUR/USD1.1 pips
📈 Maximum Leverage1:1000
🔆 Tradable InstrumentsOver 70
📈 Available AssetsForex CFDs
Commodities CFDs
🔎 Commissions per round lotNone
✴️ Margin Call50%
📊 Stop-out level20%
💳 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💳 0% fees on Deposits and CC Withdrawal? Yes
💻 Platforms availableBDSwiss Web, BDSwiss Mobile, MetaTrader 4
📊 Are trading alerts offered?Limited Access granted
📈 AutoChartist Performance Stats offered?Yes, with a 208,500 NGN minimum deposit
🎓 Personal Account ManagerYes, with a 417,000 minimum deposit
Priority ServiceNo
📈 AutoChartist Standard ToolsYes
🚀 Access to Trading Central?Yes
📊Trading Academy and Live WebinarsYes
📊Trade Companion offered?No
☪️ Islamic Account option?Yes
🔎 VIP WebinarsNo
👨‍💼 24/5 Customer Service and Support?Yes
💳 Minimum deposit requirement41,000 NGN

 

VIP Account

👉 This is the BDSwiss Professional account, which is meant for experienced traders and investors who demand the finest possible trading circumstances in addition to extra features. Those who qualify for this account will have access to all the BDSwiss trading platforms.

💠 Account Feature💰 Value
📈 Average Spread on EUR/USD1.1 pips
📈 Maximum Leverage1:500
🔆 Tradable InstrumentsOver 250
📈 Available AssetsForex CFDs
Stocks CFDs
Indices CFDs
Commodities CFDs
Cryptocurrencies CFDs
🔎 Commissions per round lot0.15% on Shares
✴️ Margin Call50%
📊 Stop-out level20%
💳 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💳 0% fees on Deposits and CC Withdrawal? Yes
💻 Platforms availableAll
📊 Are trading alerts offered?VIP Access
📈 AutoChartist Performance Stats offered?Yes
🎓 Personal Account ManagerYes, with a 417,000 minimum deposit
Priority ServiceYes
📈 AutoChartist Standard ToolsYes
🚀 Access to Trading Central?Yes
📊Trading Academy and Live WebinarsYes
📊Trade Companion offered?Yes
☪️ Islamic Account option?Yes
🔎 VIP WebinarsYes
👨‍💼 24/5 Customer Service and Support?Yes
💳 Minimum deposit requirement1,251,150 NGN (equivalent to $3,000)

 

Raw Account

👉 Scalpers, day traders, and other high-volume traders who trade at a quick pace may benefit from opening a trading account with this broker since it offers the tightest spreads.

💠 Account Feature💰 Value
📈 Average Spread on EUR/USD0.3 pips
📈 Maximum Leverage1:500
🔆 Tradable InstrumentsOver 250
📈 Available AssetsForex CFDs
Stocks CFDs
Indices CFDs
Commodities CFDs
Cryptocurrencies CFDs
🔎 Commissions per round lot$2 on Indices
$5 on all forex currency pairs
0.15% on Shares
✴️ Margin Call50%
📊 Stop-out level20%
💳 Instant Withdrawals offered?Yes, only Credit Cards up to 2,000 €/$/£
💳 0% fees on Deposits and CC Withdrawal? Yes
💻 Platforms availableBDSwiss Mobile, BDSwiss Web, MetaTrader 4
📊 Are trading alerts offered?VIP Access
📈 AutoChartist Performance Stats offered?Yes
🎓 Personal Account ManagerYes
Priority ServiceYes
📈 AutoChartist Standard ToolsYes
🚀 Access to Trading Central?Yes
📊Trading Academy and Live WebinarsYes
📊Trade Companion offered?Yes
☪️ Islamic Account option?No
🔎 VIP WebinarsYes
👨‍💼 24/5 Customer Service and Support?Yes
💳 Minimum deposit requirement2,085,250 NGN (equivalent to $5,000)

BDSwiss Demo Account

👉 Because demo accounts are available, BDSwiss’ site is open to newcomers who are looking to get additional expertise. A minimal beginning minimum deposit amount is required to open a demo account.

 

👉 In addition, the Trading Academy offers comprehensive training courses, and there are even regular webinars meant to keep traders and demo account holders aware of daily changes in capital and market conditions overall.

 

👉 Demo accounts provide individuals with little experience with BDSwiss trading with the opportunity to learn the basics of the platform.

 

👉 Demo accounts do not carry any financial risk, therefore traders who use them do not have to worry about the increased likelihood of losing their money due to their smaller deposits. The trading of binary options is another financial strategy that carries a significant level of danger.

 

👉 To have demo money added to your demo account, you will first need to register for the demo account and then contact your account manager.

 

👉 The demo account for Forex and CFD trading allows traders to practice and refine their skills with risk-free virtual balances of up to 100,000€/$/£.

BDSwiss Islamic Account

👉 Kenyan forex traders can keep their trading positions open for more than 24 hours on a trading day. This length of time is determined by the trading style and trading strategy of the forex trader.

 

👉 This indicates that the trader may be responsible for paying an overnight or rollover fee. As a result of the fact that this specific type of interest is forbidden under the Riba principles of Sharia law, Muslim traders often face restrictions while engaging in forex trading.

 

👉 Muslim traders in Kenya have the option of converting their Classic, Premium, or VIP accounts into Islamic Accounts, which release them from the responsibility of paying overnight fees.

Overall Rating

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 Kenya Pros and Cons

✔️ Pros❌ Cons
BDSwiss is one of the trusted forex brokers with a high trust score that provides client protectionThere are high minimum deposits on more premium accounts
There are commission-free options offeredFixed spreads are not offered
There are competitive conditions with tight spreads and low commissionsThere are some regional restrictions applied to some countries
BDSwiss has a large client base spread across the globeThe raw spreads are not the tightest
There are more than 250 CFDs to trade and several financial assets and classesBDSwiss does not offer a deposit bonus or any other initiative
BDSwiss offers a high maximum leverage ratio up to 1:1000Does not offer a specific Kenyan client or terminal
Accepts electronic payments from Skrill, Neteller, and other trusted methodsCurrency conversion fees are charged
Offers a powerful proprietary trading platform along with MetaTrader 4 and 5There is an inactivity fee charged on dormant accounts
There is a massive selection of educational material and trading tools, covering all aspects of tradingWithdrawal fee applied on the bank wire withdrawal option for certain amounts
Provides advanced charting tools and analytical material There are no Kenyan Naira deposits allowed and there is no NGN account offered
Deposit fees are not charged on deposit methodsThere is no desktop version of the proprietary trading platform
Offers a demo account and Islamic Account
BDSwiss offers a decent range of payment methods
There is a choice between dynamic retail investor accounts

Verdict on BDSwiss

👉 Overall, BDSwiss is very competitive in terms of its trading fees and spreads.

FAQ

What are the advantages of trading with BDSwiss?

BDSwiss can be trusted. BDSwiss boasts a solid reputation and user-friendly trading conditions, a variety of trading platforms, quick account opening, and superior customer service with education and research resources.

Which BDSwiss account type is the best for Kenyan traders?

According to research the Classic account proves to be very popular among Kenyan traders.

What is the minimum deposit for a BDSwiss account?

The minimum deposit for BDSwiss ranges from 100 USD to 5,000 USD depending on the account type.

How long will it take to withdraw money from BDSwiss?

Withdrawals are processed by BDSwiss within 24 working hours. However, it may take longer for the funds to reach the trader’s account depending on the withdrawal method they chose.

What type of broker is BDSwiss?

BDSwiss is an STP and ECN broker that uses No-Dealing Desk execution models to fill the orders of clients. Prices are aggregated from liquidity providers and BDSwiss does not make the market or take the opposite side of the trade against traders.
9.7/10 - (18 votes)