To open an account with BDSwiss, follow these steps:
- Visit the BDSwiss Website: Go to the official BDSwiss website and click on the “Sign Up” button located in the upper right corner of the homepage.
- Fill in Your Personal Information: You’ll need to provide your full name, country of residence, date of birth, and email address. Make sure your details are accurate as they will be used for account verification. You’ll also need to create a strong password for your account.
- Choose Your Regulator: Depending on your country of residence, BDSwiss may offer you a choice of regulatory bodies. Select the one that applies to your region.
- Agree to the Terms and Conditions: Carefully read and accept the BDSwiss Terms and Conditions. Confirm that you are at least 18 years old and click “Submit” to proceed.
- Verification: To complete the account setup, you must verify your identity. Upload a valid government-issued ID and proof of residence. Once these documents are approved, your account will be fully activated and ready for trading.
Different Types of Accounts on BDSwiss
BDSwiss offers several account types to cater to different trading needs and experience levels:
- Classic Account: This is the standard account type, ideal for beginners or traders who prefer lower costs. It offers access to over 250 financial instruments, including forex, commodities, indices, and cryptocurrencies. The Classic Account provides commission-free trading with variable spreads starting from 1.5 pips.
- VIP Account: Designed for more experienced traders, the VIP account offers additional features like lower spreads, personal account management, and access to exclusive webinars and educational resources. It also includes more comprehensive trading tools, making it suitable for those who require enhanced support and resources.
- Raw Spread Account: Also known as the Zero Spread Account, this option is tailored for traders who prefer trading with raw spreads that start from 0 pips. However, a commission of $5 per lot is applied. This account is ideal for high-volume traders who want to minimize spread costs.
- Demo Account: BDSwiss also provides a risk-free demo account that allows traders to practice their strategies with virtual funds before committing real money. This account is an excellent way for beginners to familiarize themselves with the platform.
- Islamic Account: For traders who require Sharia-compliant accounts, BDSwiss offers an Islamic account option that does not accrue swap interest on overnight positions.
Minimum Deposit on BDSwiss
The minimum deposit required to open a live trading account with BDSwiss varies depending on the account type you choose:
- Classic Account: The minimum deposit is $100, which makes it accessible for most traders looking to start with a modest amount.
- VIP Account: To open a VIP account, the minimum deposit is $3,000. This account is designed for more experienced traders who want additional features and benefits.
- Raw Spread Account (Zero Spread): The minimum deposit for this account is $5,000. This account is geared towards professional traders who prioritize trading with tight spreads and are comfortable with paying a commission per trade.
Countries That Can and Cannot Open an Account on BDSwiss
BDSwiss is available in a wide range of countries but is restricted in several jurisdictions due to regulatory reasons. Here’s a breakdown:
Countries Where You Can Open an Account
- European Union: BDSwiss operates under several regulatory bodies that allow it to offer services across the EU. This includes countries like Germany, France, Italy, and Spain.
- Australia: BDSwiss offers its services here under international regulatory bodies.
- South Africa: The platform is fully regulated in South Africa, making it a viable option for residents.
- Latin America: Most Latin American countries can access BDSwiss, although some specific restrictions may apply based on local regulations.
- Asian Markets: BDSwiss is available in many Asian countries, though again, this depends on the local financial regulations.
Countries Where You Cannot Open an Account
- United States: BDSwiss is not available for U.S. residents due to strict financial regulations and the need for specific licenses that BDSwiss does not hold in the U.S.
- Canada: Similar to the U.S., Canada imposes strict regulations on trading platforms, and BDSwiss is not available here.
- United Kingdom: Post-Brexit, BDSwiss has faced restrictions and does not offer services in the UK anymore.
- Other Restricted Jurisdictions: Countries like Japan, Iran, and North Korea also fall under restricted areas due to local laws and international sanctions.