BDSwiss Review

Active forex and CFD traders

FSA FSC FSCA MISA SCA

Founded 2012 · Seychelles

Why investors choose this broker

No deposit fee
RAW account spreads from 0.0 pips
MetaTrader 4 and MetaTrader 5 available
Proprietary WebTrader for browser-based access

Review summary

BDSwiss is a forex and CFD broker founded in 2012, offering MT4, MT5 and a proprietary WebTrader across more than 250 instruments.

Pros

No deposit fee
RAW account spreads from 0.0 pips
MetaTrader 4 and MetaTrader 5 available
Proprietary WebTrader for browser-based access
Demo account available
High leverage options up to 1:2000 on offshore entities
Fast execution with median speed under 100 ms
Over 250 CFD instruments across forex, stocks, indices, commodities and crypto

Cons

No tier-1 regulation after CySEC and FCA licences withdrawn in 2024-2025
EU and UK residents not accepted
Inactivity fee of $30 per month after 90 days
$10 fee on small bank wire withdrawals of $100 or less
No real-asset stock or crypto ownership - CFDs only
ETFs available on MT5 only, not MT4
WebTrader lacks advanced customisation compared to MetaTrader platforms

Company background

BDSwiss was established in 2012 and initially offered binary options trading under the brand Keplero Holdings before pivoting to forex and CFD trading in 2016. The group's holding company, BDSwiss AG, is based in Zug, Switzerland, and the main retail entity, BDS Ltd, is registered in Mahe, Seychelles. BDSwiss claims more than 1.7 million registered clients globally and targets traders in the MENA, LATAM, APAC, and African regions. The broker no longer accepts clients from the EU or UK following the withdrawal of its CySEC and FCA licences in 2024-2025.

Fees and pricing

BDSwiss offers several account types including Cent, Classic, VIP, and RAW (Zero Spread). The Classic account carries no per-lot commission and has typical EUR/USD spreads around 1.3-1.5 pips. The RAW account offers spreads from 0.0 pips with a commission of approximately $5 per standard lot. There is no deposit fee. Withdrawals are free for most methods, but bank wire withdrawals of $100 or less incur a $10 flat fee. An inactivity fee of $30 per month is charged if the account sees no trading activity for more than 90 consecutive days. Stock CFDs carry a 0.1% commission. Overnight swap fees apply to leveraged positions held past the daily rollover.

Regulation and safety

BDSwiss currently operates through entities regulated by the FSA of Seychelles (licence SD047), the FSC of Mauritius (licence C116016172), the FSCA of South Africa (licence 49479), the MISA of Comoros (licence T2023244), and the SCA of the UAE. The group's CySEC-regulated entity was rebranded as Viverno Markets and had its licence suspended in October 2024 and formally withdrawn in May 2025. The FCA-regulated entity similarly exited retail operations. None of the remaining regulators are considered tier-1, and BDSwiss does not offer access to investor compensation schemes such as the ICF or FSCS.

Platform experience

BDSwiss supports MetaTrader 4 and MetaTrader 5 on Windows, Mac, web, iOS, and Android. MT5 provides more than 250 CFD instruments, advanced charting with additional timeframes and indicators, and hedging functionality. MT4 remains available for traders who prefer the older platform, though ETFs are only available on MT5. BDSwiss also offers a proprietary BDSwiss WebTrader accessible through a browser without installation; it provides a simplified interface but lacks the full customisation options of MetaTrader. Mobile apps for iOS and Android cover the core instrument range. Trading Central and Autochartist integrations are available for market analysis.

Pros and cons

BDSwiss advantages include no deposit fee, RAW account spreads from 0.0 pips, dual MetaTrader support, fast execution speeds, a demo account, and a broad instrument range covering forex, stock CFDs, indices, commodities, and crypto CFDs. The main drawbacks are the loss of tier-1 regulatory coverage after the CySEC and FCA exit, restrictions on EU and UK clients, a $30 per month inactivity fee after 90 days, no ownership of underlying assets, and limited WebTrader customisation.

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Trading fees & commissions

BDSwiss charges no deposit fee and no withdrawal fee for most methods, though bank wire withdrawals of $100 or less incur a $10 flat fee. An inactivity fee of $30 per month applies after 90 consecutive days of no trading activity.

Fees

Item	Fee
Cfds	Stock CFDs: 0.1% commission; spreads vary by instrument and account type
Crypto	Crypto CFDs available; spreads vary by instrument
Margin	Overnight swap fees apply to positions held past the daily rollover
Account	No account opening fee
Deposit	Free
Inactivity	$30 per month after 90 days of no trading activity
Withdrawal	Free for most methods; $10 flat fee on bank wire withdrawals of $100 or less

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
BDSwiss WebTrader
iOS app
Android app

Regulation and investor protection

BDSwiss operates through entities regulated by the FSA (Seychelles), FSC (Mauritius), FSCA (South Africa), MISA (Comoros), and SCA (UAE). The group's former CySEC and FCA licences were withdrawn in 2024-2025, and EU and UK clients are no longer accepted.

Broker FAQs

Is BDSwiss safe?

BDSwiss is regulated by the FSA (Seychelles), FSC (Mauritius), FSCA (South Africa), MISA (Comoros), and SCA (UAE). It no longer holds tier-1 licences from CySEC or the FCA, which were withdrawn in 2024-2025.

Is BDSwiss a scam?

No. BDSwiss is a regulated broker that has operated since 2012 and holds licences from the FSA (Seychelles), FSC (Mauritius), FSCA (South Africa), MISA (Comoros), and SCA (UAE). Traders should note it no longer holds tier-1 regulatory coverage.

Is BDSwiss regulated and by whom?

Yes. BDSwiss is regulated by the FSA of Seychelles (SD047), FSC of Mauritius (C116016172), FSCA of South Africa (49479), MISA of Comoros (T2023244), and the SCA of the UAE. Its CySEC and FCA licences were withdrawn in 2024-2025.

Does BDSwiss keep client funds in segregated accounts?

BDSwiss states that client funds are held in segregated accounts, separate from the company's own funds.

What happens to my money if BDSwiss goes bankrupt?

BDSwiss does not have access to tier-1 investor compensation schemes such as the ICF or FSCS. Client funds are stated to be held in segregated accounts, but there is no equivalent compensation fund for clients of the Seychelles or Mauritius entities.

What products does BDSwiss offer?

BDSwiss offers CFDs on forex (50+ pairs), stock CFDs (900+), equity indices, commodities, and crypto assets. All instruments are traded as CFDs - there is no ownership of underlying assets.

Does BDSwiss offer forex trading?

Yes. BDSwiss offers more than 50 currency pairs as forex CFDs, available on MT4, MT5, and the proprietary WebTrader.

Does BDSwiss offer stock trading?

BDSwiss offers stock CFDs covering more than 900 equities. These are derivative contracts and do not represent ownership of the underlying shares.

Does BDSwiss offer crypto trading?

Yes. BDSwiss offers crypto CFDs on more than 26 cryptocurrencies. These are CFDs rather than spot crypto, so clients do not hold the underlying digital assets.

Does BDSwiss offer a demo account?

Yes. BDSwiss provides a free demo account for clients to practise trading without risking real capital.

What are BDSwiss spreads?

Spreads depend on the account type. The Classic account has typical EUR/USD spreads around 1.3-1.5 pips with no per-lot commission. The RAW account offers spreads from 0.0 pips with a commission of approximately $5 per standard lot.

Is there a withdrawal fee at BDSwiss?

Withdrawals are free for most methods. Bank wire withdrawals of $100 or less incur a $10 flat fee.

Does BDSwiss charge an inactivity fee?

Yes. BDSwiss charges $30 per month if no trading activity is recorded on the account for more than 90 consecutive days. The fee continues until the account balance reaches zero.

Does BDSwiss have a mobile app?

Yes. BDSwiss provides iOS and Android apps for both MetaTrader 4 and MetaTrader 5, as well as a mobile-compatible version of the BDSwiss WebTrader.

Is BDSwiss good for beginners?

BDSwiss offers a demo account, educational materials, and a Cent account with a low minimum deposit that lets beginners trade micro-lots. However, its inactivity fee and CFD-only product range may not suit all beginners.

Is BDSwiss good for long-term investing?

BDSwiss is primarily a short-to-medium-term CFD trading platform. It does not offer real asset ownership, ISAs, or investment plans, making it less suited to long-term buy-and-hold investors.

Can EU or UK residents use BDSwiss?

No. BDSwiss does not accept clients from the EU or UK following the withdrawal of its CySEC and FCA licences in 2024-2025.

Bottom line

BDSwiss suits users who want an offshore forex and CFD broker with MT4, MT5, and a proprietary WebTrader, competitive raw spreads, and a broad instrument range across forex, stock CFDs, indices, commodities, and crypto. It may not suit users who require tier-1 regulatory coverage, reside in the EU or UK, prefer to own underlying assets, or want to avoid inactivity fees.

BDSwiss

Active forex and CFD traders

Open Account

Your capital is at risk. Other fees apply.