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BDSwiss Demo Account

Overall, BDSwiss offers a free demo account on all its trading accounts. Demo accounts can also be created from the Classic Account option. The BDSwiss Demo account interface is beneficial not only for new traders but for experienced traders as well. 

Updated : September 27, 2022

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Demo Account Overview

Demo 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

How to set up a Demo Account – Step by Step for Kenyan Traders

👉 To register for, and set up a demo account with BDSwiss, free of charge, traders must visit the website and follow these simple steps:

👉 Step 1: Go to the BDSwiss website and select “Try Demo account”.

BDSwiss Demo Account How To Register Step 1

“Try demo account” can be found under the blue sign-up button on the homepage.

 

👉 Step 2: Complete the online application and registration

BDSwiss Demo Account How To Register Step 2

To complete the registration process provide the personal details as requested and verify your profile with the verification number send to your phone.

 

👉 Step 3: Verify your account

BDSwiss Demo Account How To Register Step 3

This is a mandatory step. Submit all requested documents to BDSwiss for verification purposes.

 

👉 Step 4: Receive your login credentials and log in to your profile.

BDSwiss Demo Account How To Register Step 4

Upon approval of your account you will receive login credentials to start trading with your new account.

 

👉 Step 5: Access your Demo account

BDSwiss Demo Account How To Register Step 5

Go to your dashboard where you can view the details of your newly created demo account.

BDSwiss Demo Account Features

BDSwiss Demo Account Features

👉 In addition to offering a demo account across the retail accounts, BDSwiss teaches its customers via its Academy while providing top-notch support and assistance, superior goods, and complete transparency.

 

👉 Online courses and webinars that are accredited provide helpful knowledge on how to function in the markets and the capital markets.

 

👉 Additionally, the broker provides Daily Webinars, which is a fantastic chance for all Kenyan traders to improve their understanding of forex and CFD trading.

 

👉 Through its well-established BDSwiss Blog, Kenyans can also get valuable information like market alerts, trading information, and analysis, which is unquestionably beneficial and essential for every trader, particularly newbies.

 

👉 With BDSwiss’ demo account and education, Kenyan traders will be better equipped to evaluate internet facts before investing with the assurance of proper education.

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

Is BDSwiss good for demo trading?

Yes, BDSwiss offers demo trading in addition to a myriad of educational tools and sources.

 

How many retail accounts does BDSwiss offer?

BDSwiss offers four retail accounts namely a Classic, Premium, VIP, and RAW Account.

 

Is BDSwiss regulated?

Yes, BDSwiss is well-regulated by CySEC, FSC, BaFIN, and FSA.

 

How long do withdrawals typically take with BDSwiss?

Within 48 hours, all withdrawal requests are handled. The time it takes for money to appear in your bank account might range from one day to ten days, depending on the withdrawal method you choose.

 

Does BDSwiss accommodate beginner traders?

Yes, BDSwiss is among the best options for beginner traders based on its provision of educational material, support, and a versatile practice account.

9.7/10 - (19 votes)