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BDSwiss Fund Withdrawal Step by Step

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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Fund Withdrawal Step by Step

Detailed Withdrawal Information

Terms and Conditions

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 Withdraw Funds Step by Step

👉 Traders who want to withdraw funds from the trading account can follow these few steps:

➡️ Kenyan traders may take these procedures to withdraw money from an account that they have with BDSwiss:

➡️ After logging into your BDSwiss profile, go to the “Payments” menu and then click the “Withdraw” button.

➡️ Specify the quantity of money you want to take out of the account as well as the account from which you want to take it out.

➡️ Move on to the following stage of your withdrawal request, which will let you pick the mode of withdrawal you desire, keeping in mind that BDSwiss may ask for more verification that the account is in your name.

➡️ Take into consideration that to use any other payment method, you will first need to withdraw money from your account using either your credit card or Skrill, depending on the payment method you used to fill your account.

Detailed Withdrawal Information for Traders

👉 Kenyan traders are required to use the same technique that they used to deposit money into their accounts to withdraw money from their accounts. Having said that, traders need to ensure that all their trading accounts are under the same name before they deposit any money.

 

👉 Deposit and Withdrawal Processing time, Deposit Currencies, Minimum Withdrawal Amount.

💰 Payment Method✔️ Currencies Supported🔄 Deposit Processing💵 Withdrawal Processing💳 Min Withdrawal
Bank wire transferEUR, USD, GBP, PLN, CHF, SEK, DKK, NOK1 – 4 days1 – 4 days100 EUR
Debit CardEUR, USD, GBP, PLN, CHF, SEK, DKK, NOKInstant1 – 4 daysNone
Credit CardEUR, USD, GBP, PLN, CHF, SEK, DKK, NOKInstant1 – 4 daysNone
SkrillEUR, USD, GBP, CHFInstant10 minutesNone
NetellerEURInstant10 minutesNone
GiropayEURInstantInstantNone
SofortEURInstantInstantNone
EPSEURInstantInstantNone
iDEALEURInstantInstantNone
DotPayPLNInstantInstantNone
PayPalEURWithin 24 hoursNone
Online BankingARS, BRL, COP, CLP, PAD, SOL, MXN, UYUWithin 24 hoursNone

Fund Withdrawal Terms and Conditions

👉 To protect all parties from fraud, withdrawals can only be executed if the customer has submitted the proper KYC evidence and their account has been completely confirmed.

 

👉 The withdrawal process must be done using the same deposit method used to finance the trading account, i.e., they must be sent back to the original deposit method.

 

👉 Kenyans can withdraw trading earnings using the means at their disposal, or, if their credit card enables OCT, Kenyans can withdraw sums that surpass the total of their previous deposits (i.e., trading profits).

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

How long will it take for my money to reflect in my account when I withdraw from BDSwiss?

BDSwiss’ processing time on withdrawals is within 24 working hours, but it could take up to 4 days for your funds to reflect.

Can I withdraw in KES from BDSwiss?

You can only withdraw in USD, EUR, or GBP and you must convert these funds at a cost.

Is BDSwiss a reliable broker?

Yes, BDSwiss is a reputable broker regulated by Tier-1, 2, and 3 market regulators.

Does BDSwiss charge withdrawal fees?

Yes, BDSwiss charges a fee of 10 EUR on all withdrawals less than 100 EUR.

Can I withdraw from BDSwiss using PayPal?

Yes, BDSwiss supports PayPal for withdrawals, but not deposits.

9.5/10 - (16 votes)