BDSwiss Minimum Deposit
Overall, the minimum deposit amount required to register a live trading account is $100, this minimum deposit is equivalent to 11 935 KES. BDSwiss offers 4 trading account levels namely the CLASSIC account, Premium account, VIP account, and RAW Accounts.
Minimum Deposit Overview
Deposit Fees and Methods
Step By Step guide to depositing the Minimum Deposit
Pros and Cons
👉 BDSwiss charges a minimum deposit amount starting from 100 USD.
👉 Traders from Kenya can anticipate varied minimum deposit requirements based on the kind of account they open. These are listed below:
➡️ Classic Account – 11,900 KES or equivalent to $100
➡️ Premium Account – 11,900 KES or equivalent to $100
➡️ VIP Account – 350,000 KES or equivalent to $3,000
➡️ Raw Account – 590,000 KES or the equivalent to $5,000 at the current exchange rate between the US Dollar and the Kenyan shilling.
👉 BDSwiss is a subsidiary of a worldwide active company based in Zug, Switzerland. The BDSwiss Group is licensed and registered in various countries, except for Kenya, where the Capital Markets Authority (CMA) oversees forex and CFD brokers.
👉 As a regulated investment firm, BDSwiss must adhere to all local laws and regulations regulating the supply of investment services, the conduct of investment activities, and the operation of regulated markets.
👉 BDSwiss does not hold consumer funds in its broker account, where operational funds are kept. They are divided into top-tier banks to avoid their use for other reasons, such as operational costs or to meet financial obligations.
Deposit fees and deposit methods
👉 BDSwiss does not subject Kenyan traders to any deposit fees when they fund their trading account with the minimum deposit amount. Traders can use any of the following payment methods:
➡️ Bank wire transfer
➡️ Debit Cards
➡️ Credit Cards
➡️ Online Banking
👉 When making the minimum deposit, they can use either of the following deposit currencies:
Step-by-step guide to depositing the minimum amount
Funding your account with BDSwiss consists of the following 3 easy steps:
Step 1 – Login to your Profile.
➡️ Go to BDSwiss website and log in to your personal profile.
Step 2: Select the account that you wish to fund & the deposit amount
➡️ Fill in the necessary details which include your preferred account and the amount you wish to deposit.
Step 3 – Choose your preferred deposit method and proceed to pay.
➡️ Fill in the requested details pertaining to your preferred payment method, eg. card details, after which you proceed to make the payment.
BDSwiss Kenya Pros and Cons
|✔️ Pros||❌ Cons|
|BDSwiss is well-regulated and offers services to countries worldwide||There are withdrawal fees charged|
|BDSwiss provides CTrader as multi-asset third-party trading platform for Forex and CFD trading.||The BDSwiss trading platform is not offered as a desktop application|
|Traders can choose from over 250 financial instruments that can be traded using powerful trading platforms|
|BDSwiss offers MetaTrader and its own proprietary trading platforms on Web and Mobile devices|
|BDSwiss has won several awards since its inception, proving that it is a reputable and reliable trading provider|
|Demo accounts and Islamic accounts are offered|
|BDSwiss caters for both beginner and professional traders|
Verdict on BDSwiss
👉 Overall, BDSwiss is very competitive in terms of its trading fees and spreads.
Can I use local payment methods such as M-Pesa to deposit to BDSwiss?
No, BDSwiss does not support the use of local payment methods in Kenya such as M-Pesa.
Can I make a BDSwiss minimum deposit in Kenyan shilling?
No, you cannot make a minimum deposit in KES. You can only select between EUR, USD, or GBP to deposit.
Are there any fees charged on deposits made into a BDSwiss account?
No, there are no fees incurred on BDSwiss accounts when Kenyans deposit funds. However, depositing funds in any currency other than USD, GBP, or EUR will result in currency conversion fees.
How do I deposit into my BDSwiss account?
You can use any of these deposit methods:
- Bank wire transfer
- Debit Cards
- Credit Cards
- Online Banking
Can I make any third-party deposits with BDSwiss?
No, BDSwiss does not allow deposits from unknown sources.