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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.

bdswiss review south africa
Pros & Cons of BDSwiss
  • Helpful educational tools
  • Excellent selection of cryptocurrencies
  • Intuitive and easy to use trading platforms

Security, Usability, Look & Feel - Our BDSwiss review

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.

80/100
Rating
BDSwiss Highlights
  • Great choice of cryptocurrencies
  • Useful trading tools and resources
  • A straightforward site design
Go to BDSwiss

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.

As far as the security on the site goes, we combed through the BDSwiss privacy policy to find that the broker is employing the latest in encryption technology to protect your sensitive data. Furthermore, they are wholly transparent about how and why they might use your data. All in all, it is not only a well rounded trading platform but a well protected one too.

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.

Company
Company-
Headquarter
Year of Founding2012
CEO-
Web Sitewww.bdswiss.com
Available LanguagesGerman, English
Customer SupportLive Chat, Phone, Email Support
Email-
Phone-
Licence
Verified by-
Payment Methods
PayPal
Credit Card
Bitcoin
Bank Transfer
Astropay
Skrill
+
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Payments - What payment options are available at BDSwiss?

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.

PayPal
Credit Card
Bitcoin
Bank Transfer
Astropay
+ 2

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.

Customer Service - BDSwiss support available 24 hours a day

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.

License & Security - A fully-licensed brokerage

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.

After consulting many different reviews we found that the overall consensus was a positive one in terms of user experiences. This was particularly true about the BDSwiss crypto South Africa options. You will always have those users who are going to write something negative but that is just part and parcel of the industry.

BDSwiss Crypto

Cryptocurrencies - What’s available at BDSwiss?

Cryptocurrencies continue to rise in popularity across the globe. After a fairly slow start people began to wise up to the potential that crypto trading has. As such, more and more various cryptocurrencies began popping up. These days, any top online brokerage firm should be offering their users a strong selection of the top cryptocurrencies to trade with. That is why our BDSwiss review has analysed the different cryptocurrencies available on the site.

80/100
Rating
BDSwiss Highlights
  • Great choice of cryptocurrencies
  • Useful trading tools and resources
  • A straightforward site design
Go to BDSwiss

At the time of writing, we found 12 different BDSwiss crypto currencies to trade with. These options include BDSwiss Bitcoin, Ethereum, Litecoin, Ripple, Tron, Zcash, EOS, IOTA, DASH, NEO, XMR, and OMG. Crypto can be traded through CFDs (contract for difference) on the BDSwiss trading platform but it cannot be owned outright. BDSwiss allows users in South Africa to leverage up to 1:5 on their crypto trades. We would be remiss if we didn’t advise caution when leveraging. Only ever leverage what you can afford to lose. Aside from that little warning, there is an excellent offering of BDSwiss cryptocurrencies to be traded with CFDs and even the more staunch crypto lovers shouldn’t be too disappointed with what they find on the trading platform.

If you are perhaps someone who is looking for even more leeway with their leveraging then we would suggest taking a look at our Plus500 review where you can trade with up to 1:30 leverage.

Fees - Are there any fees involved at BDSwiss?

The fees we encountered on the BDSwiss trading platform varied greatly from different account types to what trading instruments you were using. Firstly, the more stable fee is the account inactivity fee which is 10% of the account balance each month. This is to cover the administration fees of the site covering an inactive account. Aside from that, you won’t be charged any commissions if you are using a BDSwiss classic account. However, if you are using a BDSwiss raw account you will be charged an average of $5 (or your currency equivalent) commission per transaction opening.

The list of commission fees goes into a lot more detail on the CFD asset list page of BDSwiss which we recommend checking out especially if you are a high volume trader. Check out our eToro review to see what other brokers are charging in terms of their commissions and fees.

Jurisdictions and Limits - Our BDwiss review found no restrictions

It is always one of the more important facets of our reviews to find out more about the jurisdictions and limits of an online brokerage firm. This includes things like the broker’s licensing, security and what kind of limits you might encounter when moving forward with your trades on the platform. Here is what our BDSwiss review 2021 found.

80/100
Rating
BDSwiss Highlights
  • Great choice of cryptocurrencies
  • Useful trading tools and resources
  • A straightforward site design
Go to BDSwiss

BDSwiss is authorised and registered/regulated with a number of different financial entities including the NFA (National Futures Association), FSC (Financial Services Commission), FSA (Financial Services Association), CySEC and BaFin. To further solidify their legitimacy you can also find BDSwiss listed on NASDAQ. Lastly, BDSwiss has over a million clients in over 125 different countries. Its global reach is just one more reason to trust the legitimacy of this global reaching trading platform.

As far as any limits go, our BDSwiss review 2021 couldn’t find any outright restrictions. However, there are a couple of payment detail limits that we will touch on in more detail in the sections to come in our BDSwiss crypto review.

Other Trading - More than just BDSwiss crypto

BDSwiss is by no means a one trick pony which is why our BDSwiss crypto review has taken a closer look at some of the other trading instruments available on the site. From the range of  markets to the different trading platforms available we were really impressed with what we found at BDSwiss overall.

After scanning through the platform our BDSwiss crypto review found that users can trade with forex, commodities, shares, indices and of course BDSwiss cryptocurrencies. This is a decent selection of markets for users to sink their teeth into. The market selection is solid and is further backed up by the award winning trading platform MetaTrader 4 & 5. MetaTrader is an exceptionally intuitive trading platform that makes your day to day trading that much simpler. Users can also use the more native trading platform in BDSwiss Webtrade. Take a look at our Forex.com review for a comparative look at what other trading platforms are available on these sites.

80/100
Rating
BDSwiss Highlights
  • Great choice of cryptocurrencies
  • Useful trading tools and resources
  • A straightforward site design
Go to BDSwiss

Overall Conclusion - A great brokerage for new and experienced traders

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.

80/100
Rating
BDSwiss Crypto
*****
Go to BDSwiss Crypto
Highlights
  • Great choice of cryptocurrencies
  • Useful trading tools and resources
  • A straightforward site design

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