Top 8 Locally Based Brokers
BDSwiss Sign Up Bonus
BDSwiss does not offer a signup bonus when traders first register a retail account. 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. BDSwiss is a trustworthy broker that has a Trust Score of 9 out of 10.
- Louis Schoeman
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Sign Up Bonus
Referral Bonus
Additional Broker Bonuses
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.7/5
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
BDSwiss Sign Up Bonus – 6 key points quick overview:
Sign-up Bonus
👉 BDSwiss does not offer a sign-up bonus to Kenyans who register a real account for the first time.
👉 When traders open a real account with BDSwiss, neither a deposit bonus nor a welcome bonus is provided. These incentives are provided to traders since they are the best technique for brokers to acquire new customers.
👉 They are enticing and often provide large trading credit that could be used before traders risk their own capital. To qualify for these benefits, traders must open a genuine account as a demo account is ineligible.
👉 Kenyans are not provided with a no-deposit bonus either, which would have benefited inexperienced traders as this bonus provides trading credit without a prior deposit.
Referral Bonus
👉 Referral incentives enable Kenyan traders with a real account to receive additional benefits when they suggest a friend or family member to a broker who opens a real account.
👉 BDSwiss does not give a referral bonus to either potential or current traders.
👉 Referral bonuses provide an enticing incentive for traders to ask their friends and family to open trading accounts. This enhances the broker’s exposure, which may lead to a significant expansion of their clientele.
👉 However, Kenyans must ensure that they fully comprehend the terms and conditions linked with these incentives, since they are often stringent. Both the trader and their recommendation must meet these requirements to get any compensation.
👉 Typically, this entails a particular minimum deposit when creating a genuine account, a certain number of transactions, and other requirements. Before accepting such a bonus, traders must verify they comprehend these terms.
Additional broker bonuses, promotions, and rewards
👉 BDSwiss does not provide prospective, new, or current Kenyan traders with any further bonuses, promotions, or prizes.
👉 A trading bonus is often offered to loyal clients and aims to encourage traders to trade more frequently. In addition to several trading reductions, such as narrower spreads or lower fees, such traders are often granted cashbacks and rebates through a broker bonus.
👉 BDSwiss offers its partners a comprehensive loyalty program that includes a $500 bonus to those who register either as an Affiliate or an Introducing Broker Partner.
👉 Once traders have successfully been approved for these partnerships, they must meet the minimum referral and trading volume requirements to qualify.
👉 In addition, partners can also win luxury supercars when they achieve a $300 billion total trading volume and they have successfully referred 10 clients (who are active for at least 90 days).
Overall Rating
- 4.7/5
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
BDSwiss 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.
FAQ
Does BDSwiss offer any bonuses or incentives to newly registered traders?
No, BDSwiss does not offer its retail traders any bonuses or incentives when they register a real account.
Does BDSwiss have an affiliate program?
Yes, BDSwiss has one of the best affiliate programs with a wide range of benefits for those who join.
Does BDSwiss reward loyal customers?
BDSwiss rewards loyal customers by providing a loyalty program to Introducing Broker Partners and Affiliates.
Is BDSwiss regulated?
Yes, BDSwiss is regulated by CySEC, FSC, BaFIN, and FSA.
Can BDSwiss be trusted?
Yes, because of its Tier-1, Tier-2, and Tier-3 licenses and a long and proven record of accomplishment, BDSwiss is a trusted broker.
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