- 1 BDSwiss Basics
- 2 Our Opinion About BDSwiss
- 3 Key Benefits
- 4 Regulation And Safety
- 5 Regulation In Kenya
- 6 Fund Safety
- 7 Forex Industry Awards
- 8 BDSwiss: Legit Or Scam
- 9 Trading Instruments
- 10 BDSwiss Account Types
- 11 Live Accounts
- 12 Base Currencies
- 13 Demo Accounts
- 14 Islamic Accounts
- 15 BDSwiss Registration – How To Open An Account
- 16 BDSwiss Registration – How To Verify An Account
- 17 BDSwiss Payment Methods
- 18 Minimum Deposits
- 19 BDSwiss Trading Platforms
- 20 Trading Tools
- 21 Education and Research
- 22 BDSwiss Trading Hours
- 23 BDSwiss Customer Support
- 24 Our Verdict
- 25 BDSwiss Forex Broker Review – FAQs
- 26 BDSwiss Forex Broker Review – Similar Brokers
|🏛️ Based in||Limassol, Cyprus|
|⚖️ Regulation||CySEC, FSA, FSC|
|💰 Minimum Deposit||$10 (4000 Naira)|
|💳 Deposit Options||Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire|
|💳 Withdrawal Options||Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire|
|📌Open an account||Start Trading with BDSwiss|
Our Opinion About BDSwiss
BDSwiss is one of the biggest and most popular forex brokers in Kenya. The company was first launched in 2012 and has grown substantially over the last decade. They are a regulated forex company with licences from some of the top regulatory authorities in the world. They are also an award-winning forex broker offering a superb online trading service and excellent customer service.
BDSwiss offers a secure trading environment. They provide trading on 200+ instruments including forex, shares, indices, metals, energies, and commodities. They also provide great trading conditions. You can choose from 5 different trading accounts – all of which come with tight spreads, high leverage, and great trading platforms. Read on to learn more.
Regulation And Safety
BDSwiss is a regulated forex broker with licences from top-tier financial authorities. They are licensed by the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin) of Germany. They are also regulated by the Financial Services Commission of Mauritius (FSC) and by the Seychelles Financial Services Authority (FSA).
Regulation In Kenya
Forex traders in Kenya can open trading accounts with the BDS Ltd business entity. This BDSwiss branch is authorised and regulated by the Financial Services Authority (FSA) Seychelles. The FSA was established in 2004 as an independent regulatory body. They impose obligations on business entities within Seychelles, and ensure that companies comply with rules governing their business activities. They also monitor the business entities to protect consumers from fraud or market abuse. As such, BDSwiss operates under a good level of regulatory oversight.
BDSwiss has robust client fund safety measures. It offers segregated accounts. This means that client funds are held by an independent third-party bank or institution, and cannot be used for business purposes. It also offers negative balance protection. This means that client balances are held above zero, by a combination of risk management techniques.
Forex Industry Awards
BDSwiss has won several industry awards in recent years including:
- Best Trading Conditions 2020’ by World Finance
- Best FX Research & Education Provider 2021’ by World Finance
- Best Partnership Program 2020’ by Global Banking & Finance Review
BDSwiss: Legit Or Scam
BDSwiss is a legit broker. They are licensed by many top financial authorities and operate in line with client fund protection best practices. In terms of their trading accounts, they have a nice choice of trading instruments and offer fair pricing. They also have low minimum deposits, reliable payment methods, good withdrawal procedures. In our opinion, they are a reliable and trustworthy forex broker.
They have 200+ trading instruments including:
- Forex: BDSwiss has 50+ forex pairs available including majors, minors, and exotic currency pairs.
- Share CFDs: BDSwiss has 141 share CFDs across the US, EU, Asian, and UK stock markets.
- Indices: BDSwiss has 10 index CFDs across the US, EU, Asian, and UK stock markets.
- Commodities: BDSwiss has 6 commodities including metals such as gold, silver, and energies.
- Cryptocurrencies: BDSwiss has 25+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
BDSwiss Account Types
There are many different types of trading accounts available on BDSwiss, many of which come with low minimum deposits. As such, you have many options to choose from depending on your initial capital, trading needs, and trading strategies.
|Type||Spreads||Min. Deposit||Max. Leverage||Commission|
|Classic||From 1.5 pips||$100||1:30||$0|
|Cent||From 1.5 pips||$10||1:30||$0|
|Raw||From 0.0 pips||$500||1:30||$5 per lot|
|Premium||From 1.1 pips||$5000||1:500||$0|
|VIP||From 0.1 pips||$3000||1:30||$0|
In our opinion, their best trading account is the BDSwiss Classic account. It is a great choice for new forex traders in Kenya. It has many helpful features including free trading support. The account also has great trading conditions. For example, you can trade with high leverage, ultra-fast execution, minimum slippage, and low trading costs. The average spreads start from 1.5 pips. The minimum deposit is $100.
BDswiss has three base currencies: USD, GBP, and EUR.
BDSwiss also offers a demo trading account. In our opinion, this is one of their best trading tools. With their demo account, you can practice trading using virtual money (not real funds) in a risk-free environment. You can also learn more about different forex trading strategies and tools. As such, the demo account can be a very helpful tool for new forex traders, especially if it’s their first time trading.
All of the BDSwiss accounts are available as Islamic Accounts.
BDSwiss Registration – How To Open An Account
As part of our BDSwiss review, we took a look at the account registration process. If you live in Kenya, then you can open a trading account with BDSwiss under their FSA subsidiary. The process is quite quick.
The first step is to go to their website and fill in their online registration form. This is so that BDSwiss can collect some basic personal details and start creating your account. The second step is to take a short online trading quiz. This is so that BDSwiss can determine whether their online trading services are suitable for you. The last step is to complete the account verification process, submit your documents, and choose your preferred account type.
BDSwiss Registration – How To Verify An Account
As part of our BDSwiss review, we looked at their account verification requirements. To open a live trading account you’ll need to show BDSwiss a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
BDSwiss Payment Methods
BDSwiss has plenty of different payment options. You can fund your trading account using traditional funding methods such as Visa, Mastercard, Maestro, Sofort, Giropay and EPS. You can also make deposits using other deposit methods such as Neteller or Skrill. The BDSwiss minimum deposit is $10. Deposits are processed within 24 hours of receipt at no cost to you. The BDSwiss withdrawals are instant up to $2000. Their withdrawals are sent directly to your bank account (or e-wallet) in less than five minutes after making the request.
The minimum deposit depends on your account types. The lowest available BDSwiss minimum deposit is for Cent accounts is only $10.
BDSwiss Trading Platforms
The company offers a wide variety of trading options including MetaTrader4 (MT4) and Metatrader5 (MT5) platforms. The platforms work on both desktop computers and mobile devices like smartphones and tablets. BDSwiss’s main goal, with regards to their trading platforms, is to offer their customers easy access to their accounts and to the financial markets. This ensues their customers can always monitor the markets, manage their risk level, and make good trades.
BDSwiss a large number of tools including charting, trading and analysis. The company’s proprietary analytical engine uses artificial intelligence to identify market trends before they occur, allowing traders to react quickly and make accurate predictions. The firm’s Trader Workstation is an advanced platform that allows traders to analyse historical data and set their trade triggers. Its platform also features a live streaming function that allows users to follow their trades in real-time.
Education and Research
As part of our BDSwiss review, we looked at what learning materials they have. BDSwiss has a Trader’s Academy that comes with many different educational resources. For example, there are many forex webinars, trading e-books, and video courses. The Trader Academy aims to help you develop your trading skills through live training sessions with experienced forex brokers worldwide. You’ll learn how to trade different markets, use technical indicators effectively and much more!
BDSwiss Trading Hours
BDSwiss operates during standard trading hours. You open trades whenever the forex market is open. Trading hours may change slightly on public holidays.
BDSwiss Customer Support
As part of our BDSwiss review, we looked at what customer service is available to Kenyan traders. BDSwiss has a pretty reputation when it comes to customer support. They offer email and phone support 24/7, along with live chat on their website. As far as live chat goes, they are very friendly and professional when responding to questions.
BDSwiss is the exclusive forex broker in Kenya. BDSwiss is among the best and most popular forex brokers in today’s market. The company has been around for several years and provides excellent educational courses in addition to its unique and stable trading platform, which allows you to trade hundreds of instruments. BDSwiss also enables its traders to use MT4, MT5, web trader terminal, smartphone app or any other tools they want when they are trading.
BDSwiss Forex Broker Review – FAQs
Yes, BDSwiss in Kenya is a good broker. They have a nice selection of account types, some of which have very low minimum deposits. BD Swiss has many trading instruments including forex, stocks, indices, and commodities. They also offer very good trading platforms and excellent online trading conditions.
Yes, BDSwiss in Kenya is a legit forex broker. They are an international company with offices in key locations around the world. In terms of their services, they offer great trading accounts, fair trading costs, and helpful trading tools . Furthermore, BD Swiss has a good selection of payment methods and offers a fast, smooth withdrawal process. In our opinion, they are a legit forex broker.
Yes, BDSwiss in Kenya is a regulated broker. They have licences from top-tier financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin) of Germany. They also have registrations with other reputable financial authorities, including the Financial Services Commission of Mauritius (FSC) and the Seychelles Financial Services Authority (FSA).
Yes, BDSwiss in Kenya is a safe forex broker. When it comes to fund safety, they choose to go beyond their basic regulatory requirements, and offer more comprehensive client fund protection measures. BD Swiss keeps all client funds in segregated accounts, separate from its operating capital. This means that they can never use client funds for their own operational purposes. In our opinion, BDSwiss is a safe company to trade with.
Yes, you can trust BDSwiss in Kenya. BDSwiss is one of the most well-known brokers in the forex industry. The company was first set up in 2012 and has been offering online trading services for many years. They are a large, international forex company with clients worldwide. They are very popular and have won many forex awards.
Yes, BDSwiss in Kenya offers good live trading accounts. You can choose from the BDSwiss Cent Account, Classic Account, Raw Account, Premium Account, and VIP Account. They also offer demo accounts and Islamic swap-free accounts.
Yes, BDSwiss does have a Micro account. The BD Swiss Micro account has a low minimum deposit of just $10, making it a good option for new traders. It also has good trading conditions, including high leverage, tight spreads, and fast trade execution
Yes, BDSwiss in Kenya has good spreads. The BDSwiss broker spreads available depend on your account type. The minimum spread on EUR/USD starts at 1.5 pips on the Classic account, 1.5 on the Cent account, 0.3 on the Raw account, 1.1 on the Premium account, and 1.0 on the VIP account.
As part of our BDSwiss review, we also look at their minimum deposit requirements. BDSwiss in Kenya has several affordable account options. Their entry requirements are very low and the BDSwiss minimum deposit for the Cent account is only $10.
Yes, BDSwiss has cryptocurrency trading. You can choose from 20+ cryptocurrencies including Bitcoin, Cardano, and Ripple. BDSwiss crypto trading and BDSwiss Bitcoin trading are available on all accounts.
BDSwiss is one of the best forex brokers in the industry. They have great trading accounts with good trading conditions and low trading costs. They also have a wide range of trading instruments, trading platforms, and trading tools. However, if you want to look at alternative options, there are many great forex brokers as well. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
BDSwiss offers a variety of deposit and withdrawal options, including Visa and Mastercard, Maestro, Sofort, Giropay and EPS. You can also fund accounts using Neteller or Skrill.
Yes, BDSwiss is good for beginners. They have several account options, all of which come with good trading conditions and low trading costs. They also have a large selection of trading tools and educational resources. For example, Kenyan traders who want more help with their trading can choose to join the BDSwiss Trader Academy, to learn new skills and strategies.
BDSwiss Forex Broker Review – Similar Brokers
BDSwiss is a great choice for Kenyan traders. However, if you want to see your other options, there are also many other forex brokers in Kenya. Here are some similar brokers.
Looking for more options? Here is our full list of forex brokers.