Crypto Trading BDSwiss Review South Africa 2021
Welcome to our review of BDSwiss South Africa where we shed some light on everything the online broker has to offer.
BDSwiss offers competitive pricing when compared to their industry competitors and they also offer fantastic educational tools to help newer users on their way to becoming online trading stalwarts.
The BDSwiss crypto trading platform is fantastic for both high volume traders and those who are just starting out in this industry. You can even try out their demo account to test whether the site is a good fit for you or not.
Pros & Cons of BDSwiss
- Helpful educational tools
- Excellent selection of cryptocurrencies
- Intuitive and easy to use trading platforms
Nobody wants to use an online brokers’ trading platform if the site is a mess and more of a pain to use than its worth. In our BDSwiss review South Africa we checked out how easy the site was to use and how good the overall security for your personal data was.
The BDSwiss trading platform is an absolute joy to use. The colour scheme is a predominately white background which makes reading the black writing very easy. Locating the different areas of the site like the trading instruments or the trading platforms like MetaTrader are very straightforward as they are all accessible from the individual drop down menus in the top left hand side of the homepage.
How to Trade – Setting up your BDSwiss crypto account
At this point in our BDSwiss review South Africa you may now want to create an account and trade crypto on BDSwiss. This process will require that you provide proof of identity, proof of residence. You will also need to complete an “appropriateness test” to make sure that you are familiar with the risks involved with trading online.
Once you have completed the admin side of the thing you will need to select what BDSwiss account you would like to use. Your options are the Classic, Raw and VIP accounts which will have different features that we recommend checking out in more detail on the site. If you select a BDSwiss Classic account you will need to deposit a minimum of $100 (or your currency equivalent) before proceeding any further.
Assuming now that you are a fully fledged member of the BDSwiss family you will want to get cracking with your trades straight away. BDSwiss offers users the chance to use the now world-renowned MetaTrader 4 & 5 or their own platform in BDSwiss Webtrader. You can begin your BDSwiss crypto trading with a number of different charting and analysis tools at your disposal. Remember, when it comes to BDSwiss crypto trading you cannot own any actual crypto through the broker but you can trade crypto through the use of CFDs. This holds true for BDSwiss Bitcoin as well.
Overall, the experience of trading BDSwiss crypto with the MetaTrader platforms is exceptional. MetaTrader is exceptiona;lly intuitive and easy to use as you will quickly come to learn. However, if you need more information on how to go about trading BDSwiss has a number of educational tools on their site to help you on your way.
|Year of Founding||2012|
|Available Languages||German, English|
|Customer Support||Live Chat, Phone, Email Support|
South African residents can choose from using credit/debit cards, bank wire transfers, Skrill and Neteller. Bank wire transfers cover all the major banks in South Africa so you should find your personal bank as an option when using this method. Making deposits into your BDSwiss account will take between 2-5 business days but can be swifter when using an e-wallet or credit card. Processing times will vary based on the method you use.
There does not appear to be a minimum on the amount that you can deposit into your BDSwiss account but there are some withdrawal minimum stipulations. The only minimum withdrawal amount is for bank wire transfer which is $50 (or your currency equivalent). If you withdraw less than $100 from your account via a bank wire transfer you will be charged a fee of $10. You can also withdraw funds into your BDSwiss crypto South Africa account.
There are a couple of different ways for you to get into contact with the friendly and professional support staff over at BDSwiss. Our BDSwiss review found that you can utilise the live chat feature on the site which is available 24 hours a day, 5 days a week in a plethora of different languages. This is the best place to find out more about BDSwiss crypto South Africa.
You can also contact them via the “call back” feature in which you request to be contacted via telephone. You can converse with a support staff member in either English, German, Italian, Spanish, Greek, French or Portuguese.
You are also able to contact the team at BDSwiss in a more long-form method via their email address [email protected] and they will get back to you in a timely fashion. Our experience overall with the customer support care at BDSwiss was a positive one.
As we touched on previously in our BDSwiss review South Africa, the online broker is a legitimate and legal trading platform to use. They are regulated and registered with the FSA, NFA, FSC, CySEC and BaFin. You can also find the broker listed on NASDAQ.
BDSwiss are well and truly a well regulated online broker with a strong history of client satisfaction and trust. However, this is not enough to promote their site completely as we need to know that user data on the site is well protected. The overall security on the site is a top-notch as it is encrypted with the latest software technology. Your personal information, banking details and transaction history will be safe away from the hands of any third-party entities with nefarious motives in mind. Check out our FP Markets review to compare website security.
Reputation and Customer Feedback – General thoughts on BDSwiss
The overall reputation of BDSwiss at this moment in time can’t really be called into question. The site has an exceptional range of markets on offer and this is only made better by the professional and timely customer service available as well.
That brings us to the end of our BDSwiss review, we hope you can walk away after reading this with a little more knowledge on BDSwiss crypto and how to trade crypto on BDSwiss. We found that the broker is a great place to start for newer trades but that it caters to higher volume traders as well.
The trading platforms and trading instruments available only serve to make the overall experience that much better. Because who doesn’t love having more options when they trade. If BDSwiss is perhaps not the broker you are looking for then we recommend checking out our XTB review.