BDSwiss Deposit and Withdrawal In Detail | $0 Fees

Pros

Cons

  • Free Deposit & Withdrawal on Credit Card Transactions
  • Various deposit and withdrawal options
  • Free deposits and withdrawals
  • Limited account base currencies

Introduction

BDS or BDSwiss broker is one of the biggest brokers out there with over 1.5 million accounts and an average trading volume of $84 billion. It’s regulated by a lot of top regulators including CySE, NFA, FSC, and more. BDSwiss was initially founded in 2012 and has over 9 years of experience. It offers a variety of trading instruments including forex, CFDs, shares, and commodities. The biggest advantage that BDS has is the Ultra-Low spreads and commissions among the competitors. BDS also offers good research tools as well as educational materials for its clients.

Account Currencies

The BDSwiss account has 3 account base currencies which are USD, EUR, and GBP.

Notes:

  • You will not be charged with conversion fees if your account has the same currency as your bank account or when you trade assets with the same currency of your account.
  • If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

BDSwiss supports depositing using different methods like:

  • Credit/Debit cards
  • Bank Wire transfers
  • Skrill
  • Neteller
  • WebMoney
  • Bitcoin

BDSwiss deposit methods

 

BDSwiss

Credit cards

Yes

Bank Transfers

Yes

Electronic wallet

Yes

Fees

BDSwiss does not charge any fees on deposits. Please, note that your bank may charge you additional transactional fees. So, check your bank for more information about this aspect before depositing.

Time

Depositing using Credit/ Debit cards, Skrill, or Neteller happens immediately. Bank Wire Transfers may take from 2 to 3 business days.

How to deposit in your account?

In order to deposit funds you need to login to your BDSwiss profile:

  1. Select the account you wish to fund and click on Payments – Deposit.
  2. Select the amount you wish to deposit.
  3. Choose your preferred deposit method and click ‘Proceed to Pay.
  4. Confirm your deposit details on the next page. Some additional steps may be asked from your payment provider.

 

If you are using our BDSwiss mobile app, please click on ‘Deposit’ on the bottom side of the application.

Withdrawal

BDSwiss supports withdrawal using different methods like:

  • Credit/Debit cards
  • Bank Wire transfers
  • Skrill
  • Neteller

BDSwiss withdrawal methods and fees

 

BDSwiss

Bank Transfers

Yes

Credit cards

yes

Electronic wallet

yes

Fee

$0

Fees

Note that BDS does not charge any withdrawal fees on withdrawals greater than or equal to 100 EUR (or the equivalent currency).

There’s a 10 EUR fee that will apply to any bank wire withdrawals under 100 EUR and any other withdrawals amounting to 20 EUR or less. For bank wire international payments, the minimum withdrawal amount is 50 EUR after the deduction of the 10 EUR basic fee. For SEPA transfers there is a minimum withdrawal amount of 5 EUR after the deduction of the 10 EUR basic fee.

Time

BDS withdrawals occur on the same business days or the next business day, but it may reach your bank account within several business days.

How to withdraw your money from BDSwiss?

In order to deposit funds you need to login to your BDSwiss profile:

  1. Select the account you wish to fund and click on Payments – Withdrawal.
  2. Select the amount you wish to withdraw.
  3. Choose your preferred withdrawal method and click ‘Proceed to Pay’.
  4. Confirm your withdrawal details on the next page. Some additional steps may be asked from your payment provider.

 

If you are using our BDSwiss mobile app, please click on ‘More’ on the bottom side of the application then ‘Withdrawal’.

Note:

For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

FAQs

  1. Can I open more than one trading account?
  • Yes, BDSwiss allows up to 5 different trading accounts, 3 Classic, one VIP, and 1 Raw account.
  1. Does BDSwiss give a bonus?
  • Yes, BDSwiss offers a %30 bonus of your first deposited amount up to $500. This offer is available within the first 30 days from your registration time. You can also check the Terms and Conditions of the Bonus Campaign.
  1. When trading forex, will you lose more than your initial deposit?
  • Both our MetaTrader 4 and BDSwiss platforms are set to automatically close your positions when your margin requirement reaches 100% (stop out level).
  • Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balanced amount in your account above your required margin.
  1. Does BDSwiss accept payments from third parties (my friend)?
  • In case you make a deposit using a card/bank account that is not in your name, we require additional documents to be provided before allowing you to use these funds in trading. In case you are already trading with these funds, you have up to 10 days from the date of the deposit to provide us with the necessary documentation, otherwise, your account will be suspended from trading (irrespective of whether there are open positions or not).
  • The required documents in this case are:
  1. Your verification documents
  2. Third party’s Identification Document (such as Passport or ID Card)
  3. Authorization letter, completed and signed by both (can be emailed to you by the Customer Support Team)
  4. Copies of the used card

 

  • Please be aware that it remains at BDSwiss’ discretion to accept or reject such deposits if we are not satisfied with the provided documentation and/or any other reasons.
  1. Can I deposit using a corporate credit card/account?
  • If you are the director and sole shareholder: The deposit can be processed, after supporting documents have been provided. Supporting documents include: extract from Business Registry confirming the sole ownership and directorship and shareholder structure, your verification documents, and copies of the used card. In case of a withdrawal, the funds must be sent back to the same card account as that which made the initial deposit.
  • If you are not the sole owner of the company or are just an authorized person acting on behalf of the company: The deposit can be only processed if you proceed with the conversion of your individual account to a corporate BDSwiss account and if you did not fund your account using any other payment option/account.


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