Philippines Dollar Forex Trading Accounts
BDSwiss is a leading financial institution that offers Forex and CFD financial services and trading solutions globally. BDSwiss has been operating since 2012. BDSwiss is known for its award-winning conditions and world-leading platforms across devices.
- Louis Schoeman
Updated : May 22, 2024
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Overall Rating
- 4.7/5
Min Deposit
USD 10/ 579 PHP
Regulators
CySEC, FSC, FSA, BaFin
Trading Desk
MT4, MT5, BDSwiss Web, BDSwiss Mobile
Crypto
Yes
Total Pairs
53
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
BDSwiss is an established forex and CFD broker established in 2012 and has gained invaluable expertise that has inspired us since then. It has gained popularity in the Philippines because of its wide selection of financial instruments and user-friendly features.
Four regulatory bodies regulate the company and offer a transparent environment in which to trade.
Looking at some of the company’s accomplishments and awards, we see that it has steadily increased its worldwide footprint. Among the many industry awards they have won, the most recent ones are for “Fastest Growing Forex Broker” and “Best Research and Education Provider.”
BDSwiss stands out with its concentration on trader education and various comprehensive research resources. Both beginner traders and the more advanced traders can benefit from these.
We found that BDSwiss offers competitive conditions and access to the financial markets with a choice between four account types that will cater to your specific needs.
The spreads offered are tight, and the minimal minimum deposit requirement makes it accessible to a wide spectrum of traders.
Another highlight is the trading platforms on offer. BDSwiss provides the popular MetaTrader 4 and MetaTrader 5 platforms and its own BDSwiss WebTrader platform and app.
These systems include comprehensive charting tools, market indicators, and risk management capabilities, allowing Filipino traders to make well-informed decisions.
The platform is well-known for offering CFDs, including forex, cryptocurrencies, commodities, indices, and stock trading, catering to various financial interests.
All things considered, we found that BDSwiss is a trustworthy and progressive brokerage company. Though there is always space for development, their commitment to education, a wide range of services, and flexibility in meeting Filipino’s specific needs make them powerful in the market.
Although BDSwiss accepts customers from the Philippines, it does not accept clients from the Democratic Republic of Congo, Eritrea, Iran, Japan, Democratic People’s Republic of Korea, Libyan Arab Jamahiriya, Mauritius, Myanmar, North Korea, Seychelles, Somalia, Sudan, Syrian Arab Republic, United States, the United Kingdom and the EU.
Is BDSwiss a regulated broker?
BDSwiss is regulated by the FSA, FSCA, and FSC, and holds the MISA license of Mwali, ensuring transparent and integrity-driven transactions. This multi-regulatory oversight enhances security, fostering trust among clients with the added insurance that funds are kept in separate accounts.
Is BDSwiss good for beginners?
Yes, it focuses on beginner traders and provides a demo account to practise with. It also has an array of educational tools to assist beginner traders.
However, the leverage offered is fairly high, and beginners should be wary and approach high-leverage trading with caution, as it amplifies both potential profits and losses.
At a Glance
| 🔢Established Year | 2012 |
| ⌛Regulation and Licenses | CySEC, FSC, FSA, BaFin, Mwali International Services Authority |
| 4️⃣Ease of Use Rating | 4/5 |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/5 |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, BDSwiss Web, BDSwiss Mobile |
| 🗂️Account Types | Cent, Classic, VIP, Zero Spread, Islamic, Demo |
| 💴Base Currencies | USD, EUR, GBP, and PHP on some payment methods. |
| ✏️Spreads | From 0.0 pips EUR/USD |
| ⬆️Leverage | 1:2000 |
| 💰Currency Pairs | 53; Minor, Major, and Exotic Pairs |
| 💵Minimum Deposit | 579 PHP peso ($10) |
| 💷Inactivity Fee | ✅ Yes, 10% after 3 months |
| 🗣️Website Languages | English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian |
| 💶Fees and Commissions | Spreads from 0.0 pips, commissions from $2 on Indices |
| 🤝Affiliate Program | ✅ Yes |
| ❌Banned Countries | Democratic Republic of Congo, Eritrea, Iran, Japan, Democratic People’s Republic of Korea, Libyan Arab Jamahiriya, Mauritius, Myanmar, North Korea, Seychelles, Somalia, Sudan, Syrian Arab Republic, United States, the United Kingdom and the EU |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, Commodities, Shares, Indices, Cryptocurrencies |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in the Philippines
The BSP does not regulate BDSwiss locally in the Philippines. However, the table below lists BDSwiss’ global regulations.
Global Regulations
| 🔍Registered Entity | 🌎Country of Registration | 🔢Registration Number | ⌛Regulatory Entity | 📊Tier | ✏️License Number/Ref |
| 🥇BDS Markets | Mauritius | N/A | FSC | 3 | C11601672 |
| 🥈BDS Ltd | Seychelles | N/A | FSA | 3 | SD047 |
| 🥉BDSwiss Markets SA (Pty) Ltd | South Africa | N/A | FSCA | 1 | FSP 49479 |
| 🏆BDS Investments LTD | Mwali | N/A | MISA | 2 | T2023244 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | None |
| 💴Compensation Amount | None |
| 🎓SSL Certificate | ✅ Yes |
| 2️⃣2FA (Where Applicable) | ✅ Yes |
| ⛔Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ❌Negative Balance Protection | ✅ Yes |
| 🛑Guaranteed Stop-Loss Orders | ✅ Yes |
How does BDSwiss guarantee data security for its Filipino clients?
Using strong encryption and security methods, BDSwiss protects Filipino traders’ personal and financial data.
What global regulations does BDSwiss adhere to?
BDSwiss is governed by organizations such as the FSC in Mauritius, the FSA in Seychelles, the FSCA in South Africa, and the MISA in Mwali.
Awards and Recognition
On investigating the BDSwiss website, we came across the following recent awards that BDSwiss has won:
✅2024 – Fastest Growing Forex Broker by Fastbull.
✅2024 – Best Research and Education Provider, LATAM by UF Awards.
✅2024 – Most Innovative Broker, LATAM by UF Awards.
✅2024 – Best IB program by HQMena Awards.
✅2023 – Broker of the Year by Mindanao Traders Expo.
✅2023 – Bet FX Educational Broker by HQMena Awards.
✅2023 – Best Global Partnership Programme by UF Awards.
✅2023 – Best Forex Research and Education Provider by UF Awards.
✅2023 – Best IB/Affiliate Programme – APAC, UF Awards by UF Awards.
✅2023 – Fastest Growing Forex Broker Dubai by Global Banking and Finance Awards.
✅2023 – Best IB/Affiliate Program Africa by FAME Awards.
✅2023 – fastest Growing Multi-Asset Broker LATAM by Gazet International Magazine.
Account Types
| 🔍Account Type | 💴Minimum Deposit | 🚀Open an Account | 📊Platforms | ⬆️Leverage |
| 🥇Cent | 579 PHP ($10) | 👉 Click Here | All | 1:2000 |
| 🥈Classic | 579 PHP ($10) | 👉 Click Here | All | 1:2000 |
| 🥉VIP | 14,489 PHP ($250) | 👉 Click Here | All | 1:2000 |
| 🏆Zero Spread | 5,900 PHP ($100) | 👉 Click Here | All | 1:2000 |
Cent Account
This account type is ideal for novice Filipinos who are starting to work in the financial world. It offers instructional tools to assist traders who are still learning.
Although spreads are high, beginning at 1.6 pips, no commission charges compensate for this disadvantage. The micro-lot trading feature of the BDSwiss Cent Account also stands out for its rigorous approach to risk control.
Classic Account
The BDSwiss Classic Account is for the more advanced traders who are more serious about participation in the financial markets.
The account type offers trading on various trading instruments starting from 1.5 pips. Traders are also provided with research tools and customized account management.
VIP Account
The higher deposit requirement makes this account popular with more advanced traders looking to invest more in their trading operations.
With spreads starting at 1.1 pips, this account is aimed at traders aiming to minimize trading expenses. It also offers customizable trading signals that improve the trading experience.
Zero-Spread Account
This is the top live account type aimed at professional traders. With spreads as low as 0.0 pips, it appeals to regular traders looking to save expenses. This account is suited for traders who use high-frequency trading tactics.
It benefits skilled traders who understand market dynamics and want to maximize their trading efficiency.
Demo Account
The demo account is a free platform that offers users a virtual amount of up to $1,000,000 for 30 days. It is for traders who want to experiment with large trading volumes without incurring any financial risk.
The demo account provides a realistic trading environment, including access to tools, charts, and information on the three trading platforms BDSwiss offers.
Islamic Account
This account type is designed to meet the special demands of Muslim traders in the Philippines. Traders following the Muslim faith can sign up for the BDSwiss Islamic account, which has similar features as the other live account types.
Spreads start as low as 1.3 pips for the Classic account and 1 pip for the VIP account. The account is not restricted to a single trading platform and provides access to a diverse selection of trading products.
Can Filipino traders register Islamic accounts with BDSwiss?
Yes, Filipino traders can create an Islamic account with BDSwiss, which adheres to Sharia law by avoiding swap costs.
What is the minimum deposit requirement for BDSwiss?
BDSwiss sets a manageable entry point for traders, requiring a minimum deposit of only $10, equivalent to 579,58 PHP (peso).
How to Open an Account Step-by-Step
To simplify your experience as a Filipino trader, here’s a step-by-step guide to creating a BDSwiss account:
Step 1: Go to the official website and click on “Sign Up.”
Step 2: Complete the online registration form
You will have to provide the necessary documentation to verify your account. This KYC process is necessary to protect your account.
Step 3: Wait for verification from BDSwiss
To verify your account, you must provide proof of identity and proof of residence. You must also complete a quick questionnaire on an appropriateness test and economic profile. Upload the documents through the BDSwiss dashboard.
You can now start trading by funding your account using any of the many payment methods offered.
Can I deposit without having my account verified?
Yes, you can make a deposit and trade without verifying your account for only 15 days, following a preliminary verification of your account by the Back Office team of BDSwiss.
What is the minimum age for Filipino traders registering with BDSwiss?
The minimum age for Filipino traders to register with BDSwiss is 18 years old, per legislative age limitations on financial trading.
Overall Rating
- 4.7/5
Min Deposit
USD 10/ 579 PHP
Regulators
CySEC, FSC, FSA, BaFin
Trading Desk
MT4, MT5, BDSwiss Web, BDSwiss Mobile
Crypto
Yes
Total Pairs
53
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms and Software
BDSwiss offers Filipino Traders the following Trading Platforms:
➡️MetaTrader 4
➡️MetaTrader 5
➡️BDSwiss Mobile
➡️BDSwiss WebTrader
MetaTrader 4
We found that BDSwiss has optimized the MetaTrader MT4 platform with its advanced technology to create a user-friendly trading interface to support traders of all levels.
The MT4 platform is perfectly equipped for traders who wish to trade in the financial markets, as it comprises all the necessary tools and resources needed to analyze the price dynamics of financial instruments.
We found that traders can make and edit trade transactions and create and use automated trading programs. Expert advisors are provided to assist you with this. This highly customizable platform allows traders to create a trading environment tailored to their preferences and strategies.
We were also impressed by how well it worked with BDSwiss’ WebTrader platform, which lets us handle our trades and keep tabs on prices in real time from any device. Traders using desktop and mobile platforms often may find this capability very useful.
The platform also has a lightning-fast order execution capacity, ensuring that your transactions are done quickly and at good rates. This is of the utmost importance for traders in the Philippines who deal with volatile markets and depend on precise transaction execution.
As a trader from the Philippines looking for a powerful and efficient trading platform, MT4 at BDSwiss is a great option.
MetaTrader 5
With MetaTrader 5, we discovered that traders can enjoy more features with BDSwiss as this is the latest and most advanced MetaTrader platform that offers all the pioneering features of MT4.
MT5 also offers more advanced trading tools and indicators that enable traders to control their trades more and make more informed decisions using cutting-edge analysis.
MT5 enables BDSwiss clients to trade an extended number of CFD instruments from various asset classes, including currency pairs, stocks, commodities, shares, indices, and cryptocurrencies, all in one platform with different settings, no strategy restrictions, minimum slippage, and ultra-fast order execution.
BDSwiss takes pride in the MT5 platform’s upgraded back-end infrastructure, allowing us to trade numerous instruments simultaneously with no slippage and lightning-fast order execution.
BDSwiss Mobile
BDSwiss’ Mobile App features a user-friendly trading interface that really impressed us as it allows you to place and manage your trades on the go, using the same tools and features as those available on the desktop platform.
BDSwiss Mobile App enables you to open positions on every CFD asset on the desktop MT4, monitor forex market activity, access your account dashboard, and deposit and withdraw while on the go.
Any trader, no matter where they are, may benefit from having access to up-to-the-minute market data via real-time quotations and interactive charts.
Filipino traders can also take advantage of market changes since the app’s deposit and withdrawal features are simplified for simple and rapid capital management.
BDSwiss WebTrader
We were impressed that the BDSwiss WebTrader platform was exclusively developed in-house to better meet the needs of the growing client base.
It features exclusive trading tools, including a built-in Trends Analysis, which gives Filipino traders a full overview of the biggest market opportunities, projected future price trends, and optimal SL and TP levels.
The BDSwiss WebTrader does not require downloading, and it is fully synchronized to the downloadable versions of the MT4. This feature allows Filipino traders to live price monitoring via an advanced market watch.
In addition, the BDSwiss WebTrader enables you to access your account quickly and efficiently on any device.
It features various analytical tools, including the inbuilt Trends Analysis, a range of indicators, and an intuitive order window that automatically calculates position size, leverage, stop loss, take profit, and required margin.
What technical analysis tools are accessible on the BDSwiss platform for Filipino traders?
BDSwiss systems include several technical analysis tools, such as indicators and graphical objects, to assist Filipino traders in assessing market patterns.
How does BDSwiss guarantee that trading platforms are secure for Filipino traders?
BDSwiss implements extensive security measures like encryption and secure servers to safeguard Filipino traders’ data and transactions on its platforms.
Range of Markets
BDSwiss offers Filipino traders the following Range of Markets:
| 🔍Instrument | 🔢 Number of Assets Offered | ⬆️Max Leverage Offered |
| ➡️Crypto CFDs | 27 | 1:5 |
| ➡️Forex | 53 | 1:2000 |
| ➡️Stocks | 1288 | 1:5 |
| ➡️Commodities | 6 | 1:200 |
| ➡️Indices | 14 | 1:100 |
BDSwiss vs AvaTrade vs Pepperstone – Broker Comparison
| 🔍Broker | 🥇BDSwiss | 🥈AvaTrade | 🥉Pepperstone |
| ⌛Regulation | CySEC, FSC, FSA, FSCA, MISA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 🗂️Trading Platform | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | Pepperstone TradingView MetaTrader 4 MetaTrader 5 cTrader Capitalise.ai |
| 💷Withdrawal Fee | None | None | None |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 579.58 PHP ($10) | 5,900 PHP ($100) | 7,740 PHP (AU$200) |
| ⬆️Leverage | Up to 1:1000 | 1:30 (Retail) 1:400 (Pro) | 1:500 (Pro) 1:400 (Retail) 1:20 – 1:200 (Vietnam) |
| ✏️Spread | From 0.0 pips | Fixed, from 0.9 pips | From 0.0 pips |
| 💶Commissions | From $2 | None | From AU$7 |
| 🛑 Margin Call/Stop-Out | 50%/20% | 25% – 50% (M) 10% (S/O) | 90%/20% |
| 🧑⚖️Order Execution | Instant/Market | Instant | Market |
| ❌No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | ✅ Yes | None | None |
| 🗂️Account Types | Cent Account Classic Account VIP Account Zero Spread Account | Retail Account Pro Account Islamic Account | Standard Account Razor Account |
| ➡️BSP Regulation | None | None | None |
| 👉PHP Deposits | ✅ Yes | None | None |
| 📌PHP Account | None | None | None |
| ⏰Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 💸Retail Investor Accounts | 4 | 1 | 2 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 50 lots | Unlimited | 100 lots |
| ⏱️Minimum Withdrawal Time | Instant | 24 – 48 hours | 1 business day |
| 🕰️Maximum Estimated Withdrawal Time | Within 24 hours | Up to 10 days | Up to 7 business days |
| ✔️Instant Deposits and Instant Withdrawals? | ✅ Yes | None | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in the Philippines
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Fees, Spreads, and Commissions
BDSwiss is 100% transparent about all its charges so that Filipino clients will know exactly how much they are paying.
Spreads
BDSwiss is transparent in its spread management practices and offers variable spreads that can be altered depending on market conditions.
However, Filipino traders should be vigilant when spreads seem attractive on popular forex currencies like USD/EUR. Although the spread seems to go as low as 0.01 pips, this can change quickly.
Narrow spreads, on the other hand, can reduce trading expenses over time, which can benefit traders who make frequent transactions.
Commissions
Our investigation found that BDSwiss charges a $2 commission on indices and a 0.15% commission on shares for the Cent and Classic accounts. This is to accommodate the various trading methods and account kinds.
Shares are also subject to a commission of 0.15% on the VIP account. Indices and equities are charged a $6 commission on the Zero Spread account. Filipinos should monitor the commission charges on their financial assets to ensure they don’t overpay.
Overnight Fees
Swap or overnight fees are charged for positions kept beyond the closing time and held overnight. On the BDSwiss website, we found a list of short and long swaps. These are either charged or applied to a trader’s account for positions held “overnight,” meaning after 5 pm ET.
These costs change whether you go long or short on a certain instrument, which is crucial for Filipino traders.
Deposit and Withdrawal Fees
Filipino traders on BDSwiss are not charged for deposits or withdrawals. The broker covers all costs.
Inactivity Fees
On investigating BDSwiss’ inactivity fees, it was clear that if no trading activity occurs for over 90 consecutive days, a monthly fee of $30 or base trading account currency equivalent will be deducted from your account balance until it reaches $0.
Currency Conversion Fees
Filipino traders will pay currency conversion fees if your selected account currency differs from your deposit currency. The amount will automatically be converted using standard rates. However, there are no markups on currency conversion.
What is Rollover with BDSwiss?
Rollover refers to the interest either charged or applied to a trader’s account for positions held “overnight,” meaning after 5 pm ET.
Are there any additional costs when trading with the MetaTrader 4 software?
Trading with the Meta Trader 4 platform is free. However, the usual charges incurred when trading CFDs apply.
Overall Rating
- 4.7/5
Min Deposit
USD 10/ 579 PHP
Regulators
CySEC, FSC, FSA, BaFin
Trading Desk
MT4, MT5, BDSwiss Web, BDSwiss Mobile
Crypto
Yes
Total Pairs
53
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deposit and Withdrawal Options
| 💳Payment Method | 🌎Country | 💵Currencies Accepted | ⏰Processing Time |
| ➡️Credit/Debit Card | All | EUR, GBP, USD | Instant Deposits, Withdrawals in 24 hours |
| ➡️Electronic Funds Transfer (EFT) | South Africa | ZAR | Instant Deposits, Withdrawals in 24 hours |
| ➡️Korapay | Nigeria | NGN | Instant Deposits, Withdrawals in 24 hours |
| ➡️Mobile Solutions (OZOW, M-PESA, Vodafone, Airtel, TiGO, MTN, etc.) | South Africa, Kenya, Ghana, Tanzania, Uganda, Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal, and Togo | ZAR, KES, GHS, TZS, XOF, UGX | Instant Deposits, Withdrawals in 24 hours |
| ➡️Electronic Wallets (GCash, Pay Maya, etc.) | Thailand, Indonesia, Philippines, Vietnam, Malaysia | THB, IDR, PHP, VND, MYR | Instant Deposits, Withdrawals in 24 hours |
| ➡️Pix | Brazil | BRL | Instant Deposits, Withdrawals in 24 hours |
| ➡️Beeteller | Brazil, Chile, Colombia, Costa Rica, Mexico, Peru, Guatemala | BRL, CLP, COP, CRC, MXN, PEN, GTQ, USD | Instant Deposits, Withdrawals in 24 hours |
| ➡️Cryptocurrency Wallets | All | BTC, BCH, ETH, PAX, TUSD, USDT, USDC, LTC, XRP, DASH, ZCASH, ADA | Instant Deposits, Withdrawals in 24 hours |
| ➡️Bank Wire Transfer | All | EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK | 1 -5 days on deposits, Withdrawals in 24 hours |
Deposits
Bank Wire
✅Log into your BDSwiss account and go to the “Deposit.”
✅Click on the “Bank Wire Transfer” option.
✅Obtain the BDSwiss’ bank name, account number, and SWIFT/BIC code.
✅Start a wire transfer from your bank.
✅Enter the deposit amount into your account’s currency.
✅Conclude the transaction and save the confirmation number.
✅You should see the funds in your trading account within one to five business days.
Credit or Debit Card
✅In your BDSwiss account, click on the “Deposit” tab.
✅Click on the “Credit/Debit Card” options.
✅Provide your information (card number, expiry date, CVV code, etc.).
✅Choose either EUR, GBP, or USD to make your deposit.
✅Finish the transaction.
✅You should be able to see the money in your trading account immediately after a deposit.
Cryptocurrency
✅Log into your BDSwiss account.
✅Click on the “Cryptocurrency Wallet”.
✅Enter your preferred cryptocurrency type into the appropriate field.
✅Obtain the BDSwiss wallet address and copy it.
✅Log into your crypto wallet and provide BDSwiss’ wallet address.
✅Enter your deposit amount.
✅Finalize the transaction. Most deposits are instantaneous, but this can vary.
e-Wallets or Payment Gateways
✅Log into your BDSwiss account and go to the “Deposit” area.
✅From the list, choose an electronic wallet.
✅Choose the currency and the amount you want to deposit.
✅You can then log into your preferred e-wallet or gateway.
✅Finalize the deposit.
✅Your account will be credited with the deposited monies once they are processed.
Withdrawals
Bank Wire
✅Log into your BDSwiss account and go to the “Withdrawal” area.
✅Use the “Bank Wire Transfer” option to withdraw funds.
✅Fill in your banking information in the required fields.
✅Fill in the amount you want to withdraw.
✅Finalize the withdrawal request.
✅Withdrawals are usually executed within 24 hours, but it can take your bank a few days to reflect the cash in your account.
Credit or Debit Cards
✅Log into your BDSwiss account and go to the “Withdrawal” area.
✅Choose the “Credit/Debit Card” option.
✅Use the card you used for deposits or add a new one.
✅Fill in the withdrawal amount.
✅Submit your withdrawal request.
✅Withdrawals are usually processed within 24 hours, but it could take a few days for the money to show up on your card because of how banks handle transactions.
Cryptocurrency
✅Log into your BDSwiss account and choose “Withdrawal.”
✅Click on “Cryptocurrency Wallet”.
✅Choose the coin you would want to withdraw.
✅Choose an external wallet address.
✅Provide the withdrawal amount.
✅Submit the withdrawal request.
✅Within 24 hours of requesting a cryptocurrency withdrawal, BDSwiss will execute the request.
e-Wallets or Payment Gateways
✅Log into your BDSwiss account and click on “Withdrawal.”
✅Choose the digital wallet that you used to make the deposit.
✅Enter the amount.
✅You will be redirected to your e-wallet’s website to confirm the withdrawal information.
✅Verify and authorize the withdrawal.
✅The money should be available in your e-wallet almost immediately.
How can Filipinos cancel a withdrawal?
If, during the withdrawal process, you wish to return your money to your BDSwiss account, you can cancel your withdrawal by sending an email or contacting customer care via one of the regional telephone numbers.
What is the minimum withdrawal amount for Filipino traders?
BDSwiss does not require a minimum withdrawal amount except for bank wire withdrawals.
Leverage and Margin
On evaluating BDSwiss’ trading terms for Filipino traders on leverage and margin, we found that the broker offers a very versatile dynamic leverage mechanism.
With some financial assets, the leverage can reach 1:2000, giving traders much freedom. However, not all traders might be able to utilize this high leverage. All margin trading is executed automatically through MetaTrader 4 and 5.
Their trading terms also protect Filipino traders against negative account balances. BDSwiss assures that accounts cannot drop below 0.
As we studied BDSwiss’s margin and leverage rules, it became clear that the broker offers advanced systems to suit Filipino traders’ different risk tolerances and trading styles.
What is the leverage in BDSwiss?
BDSwiss offers leverage up to 1:400 for all account types and dynamic leverage of 1:2000.
How does BDSwiss provide market data to Filipino traders?
BDSwiss delivers real-time market data and research, allowing Filipino traders to make educated trading choices.
Educational Resources
We found a wealth of information regarding trading tools, research, and educational materials when we explored the BDSwiss website. Let’s explore how this can benefit your trading.
| ➡️Economic Calendar | ✅ Yes |
| ➡️VPS | ✅ Yes |
| ➡️AutoChartist | ✅ Yes |
| ➡️Trading View | ✅ Yes |
| ➡️Trading Central | ✅ Yes |
| ➡️Market Analysis | ✅ Yes |
| ➡️News Feed | ✅ Yes |
| ➡️Blog | ✅ Yes |
| ➡️eBooks | ✅ Yes |
| ➡️Educational Videos | ✅ Yes |
| ➡️Platform Tutorials | ✅ Yes |
| ➡️Webinars | ✅ Yes |
| ➡️Seminars | ✅ Yes |
| ➡️Live Support | ✅ Yes |
In addition, BDSwiss also provides:
✅Currency Heatmap
✅Trading Alerts
✅Technical Analysis
✅Live education sessions
✅Trading calculators
✅Basic Forex lessons
✅Daily videos
✅Forex Glossary
✅Educational videos
✅Trends Analysis
✅1-on-1 VIP Sessions
✅Execution Statistics
Does BDSwiss offer Trading Alerts?
Yes, please go to the Trading Alerts page and click “Join BDSwiss Chabbel” to get a taste of the free Trading Alerts.
Does BDSwiss offer educational videos to Filipino traders?
The educational webinar and video-on-demand series can thoroughly introduce you to the world of CFD trading and help you improve your skills.
With topics ranging from platform tutorials to using indicators and applying money management, these past recordings allow you to watch the most requested educational content at your own pace.
Bonuses and Promotions
Navigating the website or BDSwiss there was no indication of any bonuses or promotions for new or established clients.
Affiliate Programs
Investigating BDSwiss’s affiliate program, we found that it is one of the most lucrative parts of its overall offering.
The BDSwiss affiliate program presents a compelling opportunity for individuals in the Philippines. You can earn money for BDSwiss if you have a finance-focused blog, social media channel, or trading education platform on which you can refer new clients to the broker.
BDSwiss also ensures that its affiliates receive the necessary support, and it offers a variety of marketing materials, including social media content, banners, and landing pages.
This saves time and resources for Filipino affiliates and guarantees that their promotional efforts connect with local audiences.
BDSwiss also prioritizes transparency, and Filipino affiliates can utilize an intuitive online portal that provides up-to-the-minute tracking and reporting on the behavior of their referred clients.
The BDSwiss affiliate program provides an opportunity to create a reliable source of passive income. After successfully referring new traders, you can earn consistent commissions based on their trading activity.
In addition to financial rewards, the BDSwiss affiliate program offers a range of benefits beyond just commissions. Filipino affiliates can leverage their expertise and enthusiasm for the financial markets to establish a community of active traders.
How to Register an Affiliate Account Step-by-Step
Step 1: Go to the official website and click on the “Partners” tab
Step 2: Click on “Start Now”
Step 3: Click on “Register” and complete the online registration form
Step 4: Wait for confirmation from BDSwiss
Next, you must complete a more extensive application form that asks about your marketing platforms, past affiliate marketing experience, and any relevant industry expertise.
BDSwiss will evaluate your application and once accepted, you will get a welcome email with all the information you need to promote BDSwiss in the affiliate portal.
How does BDSwiss help its Filipino affiliates?
BDSwiss offers significant support to its Filipino affiliates, including promotional materials, customized help from account managers, and access to performance monitoring tools.
Why should you become a BDSwiss partner?
When you partner with BDSwiss, you partner with a transparent and industry-leading brand that can support your business objectives.
Customer Support
| 🫴🏻 Customer Support | 👥BDSwiss Customer Support |
| ⏰Operating Hours | 24/5 |
| ➡️Support Languages | English, French, Italian, Spanish, German, Portuguese |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | ✅ Yes |
| ☎️Telephonic Support | ✅ Yes |
| 5️⃣The overall quality of BDSwiss Support | 5/5 |
Response Time
| 🫴🏻 Support Channel | ⏰Average Response Time | ⏱️User-based Response Time |
| ☎️Phone | 5 minutes | 2 – 3 minutes |
| 24 – 48 hours | Same-day | |
| 🗣️Live Chat | 3 – 5 minutes | 3 minutes |
| 📱Social Media | 3 – 5 minutes | 5 minutes |
| 🤝Affiliate | 24 – 48 hours | 24 hours |
How can I contact BDSwiss?
Filipino traders can reach the multilingual support teams 24 hours a day, five days a week via email, live chat, WhatsApp, and Telegram, as well as telephone support in more than 20 languages.
Will Filipino traders be assisted in their official language?
Filipino traders will be assisted in English, one of their official languages, but not in Filipino.
Social Responsibility
When you navigate to BDSwiss’s website and click “About,” you will find a tab called “Corporate Social Responsibility.”
BDSwiss maintains a strong sense of social responsibility, which remains a key part of its mission. The broker instills the same philanthropic values in its employees and strives to nurture an organizational culture supporting key global and local initiatives to create positive change.
BDSwiss’ CSR initiatives reveal a remarkable commitment to supporting global and local community projects, demonstrating the company’s dedication to promoting positive change.
The broker has actively supported numerous important events and causes, such as the Spring Festival in Cyprus and the Limassol Marathon in April 2024.
Even employees from the Cyprus offices participated in the marathon, highlighting the importance of teamwork and corporate wellness. Other CSR initiatives BDSwiss’ was involved in were:
✅Sponsorship of a charity music night in Limassol on February 15, 2024.
✅Donating a computer station during the holiday season 2023 to the charitable association “Fundraising.”
✅Participating in the “365 Charity Run Walk” event in Limassol on December 19, 2023.
All these initiatives are detailed under the “Corporate Social Responsibility” section on the BDSwiss website. Overall, BDSwiss actively contributes to social welfare and community development.
User Comments and Reviews
It is fairly clear that BDSwiss is a popular CFD and Forex broker with global customers. Here are a few of the most recent comments that we found:
🥇”BDSwiss is a very good broker to trade with. It is very nice to trade here. Here, one of my trades slipped on the news, which caused me to lose some dollars. After complaining to them, they refunded my full dollar. The country director and LD are very helpful in all aspects. Thank You BDSwiss Broker.”
🥈”Fast support, fast deposits, and withdrawals, no lags on execution or slippage. A good company. 10/10 I’ll give them. This is my 2nd year using them. No problem or issue encountered with them.”
🥉”Nice website, swift verification, and the best thing is the manager’s support, excellent. Best broker for any trader.”
In Conclusion
The broker offers a wealth of financial assets to trade in on renowned trading platforms, including its in-house platform. It offers relatively cheap spreads across the four account types that cater to the needs of novice and advanced traders.
Our Insight
In my opinion, BDSwiss is a good option for Filipino traders. Not only is the broker well-regulated, but it provides a safe trading environment that should give Filipinos peace of mind in their trading endeavors.
Our Recommendations
While we consider BDSwiss ideal for Filipino traders, depending on their risk tolerance and trading plan, we believe there are some areas where the broker can improve its offering. Here are a few recommendations on how BDSwiss can do this:
✅Trading in the Philippines, BDSwiss can introduce denominated accounts in the peso (PHP) to serve Filipino traders better. By introducing this, we will avoid currency conversion costs.
✅Introducing bonuses for new accounts and some promotional bonuses for existing customers would also benefit BDSwiss and entice more traders in the Philippines to use this trading platform.
✅Having customer support personnel fluent in the local dialects of the Philippines would greatly improve business conditions. This guarantees traders get support in their native language.
✅Creating alliances with regional banks and financial organizations in the Philippines will expedite money transfers, facilitating quicker and easier deposits and withdrawals for traders.
Pros & Cons
| ✅Pros | ❌Cons |
| Regulated broker through various regulatory bodies such as CySEC, FSC, FSA,FSCA, MISA, that inspires trust. | BDSwiss does not offer any PHP-denominated accounts to Filipinos. |
| Offer four account types that cater to every kind of trader. | No local deposit and withdrawal methods are available to Filipino traders. |
| There is a large selection of trading products, including forex, shares, cryptocurrency, etc. | The inactivity fee of 10% is an expensive inactivity charge after three months. |
| BDSwiss offers a flexible trading strategy with a dynamic leverage mechanism up to 1:2000 | Spreads are wider than most leading brokers. |
| Trading is offered on the MetaTrader 4 and 5 platforms | Does not provide any bonuses or promotional incentives. |
| Customer services provide multiple languages. | No customer support over weekends. |
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Frequently Asked Questions
Is BDSwiss open to traders in the Philippines?
Yes, BDSwiss provides services to traders in the Philippines, including access to several financial markets via its platform.
Is BDSwiss a regulated broker?
BDSwiss is regulated by the FSA, FSCA, and FSC, and holds the MISA license of Mwali, ensuring transparent and integrity-driven transactions. This multi-regulatory oversight enhances security, fostering trust among clients.
Where is the headquarters of BDSwiss?
BDSwiss headquarters is in Mahe, Seychelles, but it has regional offices in various jurisdictions.
What types of accounts does BDSwiss provide to Filipino traders?
BDSwiss offers Cent, Classic, VIP, and Islamic accounts to traders in the Philippines.
Can Filipino traders use their native currency to trade on BDSwiss?
No, BDSwiss does not allow direct trading in the Philippines Peso (PHP); traders must use supported currencies such as USD, EUR, or GBP.
