BDSwiss Fund Withdrawal Step by Step
Fund Withdrawal Step by Step
Detailed Withdrawal Information
Terms and Conditions
Pros and Cons
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 transfer||EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK||1 – 4 days||1 – 4 days||100 EUR|
|Debit Card||EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK||Instant||1 – 4 days||None|
|Credit Card||EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK||Instant||1 – 4 days||None|
|Skrill||EUR, USD, GBP, CHF||Instant||10 minutes||None|
|PayPal||EUR||–||Within 24 hours||None|
|Online Banking||ARS, BRL, COP, CLP, PAD, SOL, MXN, UYU||–||Within 24 hours||None|
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 protection||There are high minimum deposits on more premium accounts|
|There are commission-free options offered||Fixed spreads are not offered|
|There are competitive conditions with tight spreads and low commissions||There are some regional restrictions applied to some countries|
|BDSwiss has a large client base spread across the globe||The raw spreads are not the tightest|
|There are more than 250 CFDs to trade and several financial assets and classes||BDSwiss does not offer a deposit bonus or any other initiative|
|BDSwiss offers a high maximum leverage ratio up to 1:1000||Does not offer a specific Kenyan client or terminal|
|Accepts electronic payments from Skrill, Neteller, and other trusted methods||Currency conversion fees are charged|
|Offers a powerful proprietary trading platform along with MetaTrader 4 and 5||There is an inactivity fee charged on dormant accounts|
|There is a massive selection of educational material and trading tools, covering all aspects of trading||Withdrawal 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 methods||There 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.
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.