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BDSwiss Fees and Spreads

BDSwiss spreads start from the average spread of 0.3 pips EUR/USD, fees, and commission dependent on the trading account the trader is using. BDSwiss chargers deposit fees of $100 USD, which is equivalent to 11 945 KES, at the time of writing.

Updated : September 27, 2022

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Fees and Spreads Overview

Additional Trading Fees

Broker Fees

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

Fees and Spreads

👉 The spread list for BDSwiss starts from 0.3 pips EUR/USD.

 

👉 The spreads charged by BDSwiss are dynamic, meaning they alter dependent on the sort of account, the financial instrument, and the market circumstances of the day. Investors in Kenya could anticipate encountering the following 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

Additional Trading Fees

BDSwiss Trading Fees

Commissions

👉 BDSwiss imposes fees on some accounts and financial products due to the dynamic spreads. This list of fees varies by account type and traders should consider it. Commissions that are typical for Kenyan traders include:

➡️ 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

👉 The swap fees that are charged by BDSwiss are calculated using several different variables, such as the trading instrument, the currency of the account, the size of the overall position (standard lots), and the overall interbank rate used by the broker.

 

👉 The following are some common overnight fees for retail traders:

🔧 Instrument📈 Long (Buy) Swap📊 Short (Sell) Swap
GBP/USD-6.7 pips-0.7 pips
USD/JPY0.05 pips-10.8 pips
USD/HKD-20.0 pips-8.5 pips
USOIL-39.0 pips-23.0 pips
XAU/USD-8.2 pips-3.5 pips
XAG/USD-0.25 pips-0.05 pips
Stocks-4.0 pips-2.0 pips
NAS100-3.2 pips-4.1 pips
Crypto-100%-100%

 

👉 Muslim traders have the chance to convert their live trading account into a Swap-Free Islamic option using the BDSwiss platform. This frees them from having to pay overnight costs and provides halal trading circumstances for those who adhere to sharia law.

 

👉 BDSwiss does not provide spread betting services to Kenyan traders, only those in the United Kingdom. Therefore, Kenyans need not worry about being subject to spread betting fees.

Broker Fees

BDSwiss Broker Fees

Deposit and Withdrawal Fees

👉 BDSwiss does not impose any fees for deposits, while withdrawals of less than 100 EUR incur a cost of 10 EUR.

 

Inactivity Fees

👉 If a BDSwiss account is idle for more than three months, a 10% inactivity charge is assessed.

 

Currency Conversion Fees

👉 Kenyan traders must pay currency conversion fees for deposits made in a currency other than the British pound, the euro, or the US dollar.

 

Other Fees

👉 BDSwiss charges several broker fees in addition to applying these fees to the Premium and Classic Accounts:

  • $500 (59,600 KES) minimum to access AutoChartist Performance Stats.

👉 $1,000 (119,200 KES) minimum to access the Personal Account Manager.

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

Does BDSwiss have an inactivity fee?

Yes, BDSwiss has an inactivity fee of 10% that is charged when an account becomes dormant after 90 consecutive days.

 

What withdrawal fees does BDSwiss charge?

BDSwiss charges 10 EUR for all withdrawals of less than 100 EUR.

 

Are deposits free with BDSwiss?

Yes, BDSwiss offers free deposits.

 

What is the minimum deposit for BDSwiss?

The lowest minimum deposit for BDSwiss is 100 USD / 11,900 KES.

 

How long will my withdrawal from BDSwiss take?

BDSwiss processes all withdrawals in 24 working hours but it can take up to 4 days to reflect in your bank account.

10/10 - (1 vote)