How to open an account with BDSwiss and Trade Cryptocurrency CFDs?

BDSwiss has established itself as a prominent platform for cryptocurrency trading, offering a simple and quick account opening process that begins with signing up on their website. Traders can practice with a $10,000 virtual demo account or start real trading after account verification, which requires standard identification documents. The platform features diverse account types, including Classic, VIP, and Zero Spread, each catering to different trading needs and offering features like dynamic leverage for risk management, various spreads, and minimum deposits. BDSwiss platforms, including MetaTrader 4, MetaTrader 5, a mobile app, and WebTrader, provide advanced trading tools, real-time quotes, and interactive charts, enhancing the trading experience for cryptocurrency traders. Moreover, BDSwiss stands out for its dynamic leverage, exceptional trade execution speed, deep liquidity, transparent pricing, and a variety of deposit and withdrawal options, making it a cost-effective and flexible choice for traders.

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Account Opening and Cryptocurrency Trading with BDSwiss

The process of opening an account with BDSwiss and beginning your journey in the volatile yet exciting world of cryptocurrencies can be straightforward and rewarding. This article guides you through the seamless process of setting up an account with BDSwiss and initiating cryptocurrency trades.

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Account Opening Process with BDSwiss

The journey to trading with BDSwiss begins with a simple account setup. The process is designed to be quick, taking only a few minutes, and it starts with a click on the “Sign Up” button on their website. Prospective traders are required to fill in the necessary details with utmost accuracy and create a secure, memorable password. After agreeing to the Terms and Conditions and confirming that they are over 18 years of age, users can submit their application.

Following this, a click on “Continue” redirects the user to a selected regulator and grants access to the personal dashboard. This dashboard is a crucial hub where users can get an overview of their accounts. BDSwiss generously offers a virtual $10,000 free demo account for practicing trading, which is an excellent way for newcomers to familiarize themselves with the platform without any financial risk. Alternatively, users can choose to deposit real funds and start trading.

Open an account with BDSwiss

Placing a Trade on the BDSwiss WebTrader

BDSwiss has developed its WebTrader Platform in-house to ensure an unparalleled trading experience that doesn’t require any download and is accessible directly from the dashboard. To place a trade, users select their preferred account and click on “Trade Now.” This action redirects them to the WebTrader.

The next step involves defining the size of the position. Users can select the asset they wish to trade, using either the available categories or the search bar. After analyzing the chart, they can decide to buy or sell. The order window helps in reviewing the selected asset and the nature of the order – whether it’s a buy or sell. For example, if trading the EUR/USD pair, the position size will be displayed under “Amount” in euros, which can be adjusted using direct input or the “+” and “-” tools.

Further, traders have the option to set maximum profit or loss limits by modifying the Take Profit and Stop Loss tabs. Finalizing the trade is as simple as clicking “Place Trade,” after which a confirmation appears, and users can monitor their open and closed positions. The profitability of the trade depends on the market’s movement in relation to the trader’s anticipation.

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Account Verification and Document Requirements

Verifying an account with BDSwiss requires specific documents. These include a valid passport or government-issued ID (both sides), a voter’s card, or a driver’s license. Bills from financial institutions, utility companies, government agencies, or judicial authorities are also acceptable. For Nigerian users, BDSwiss accepts NINS alongside a Birth Certificate. It’s crucial that all documents are clear, unobscured, and cover all necessary details like identification number, full name, date of birth, photograph, expiry date, and issuing authority.

Log in to the Client Portal

Diverse Account Options and Cryptocurrency Trading

BDSwiss offers various account types, including Classic, Zero-Spread, Cent, and VIP accounts, each with different spreads and minimum deposit requirements. For instance, the Classic and Cent accounts start with spreads from 1.3 and 1.6 respectively, with a minimum deposit of 10 USD/EUR/GBP (100 in MENA countries). The Zero-Spread and VIP accounts require higher minimum deposits but offer tighter spreads and additional benefits like prioritized support and trading alerts. A minimum deposit of $5,000 for any account type entitles the user to Priority Service, ensuring faster processing of KYC documents and withdrawals.

BDSwiss also offers Swap-Free accounts in compliance with Sharia Law, catering to Muslim traders who can apply for this account type if their religious beliefs prohibit swaps. Joint accounts are another option, requiring individual account setup before merging through a Joint Account Request Form.

See the list of account types

BDSwiss provides a user-friendly platform for those interested in trading cryptocurrencies. With its straightforward account setup, versatile WebTrader platform, and a range of account types to suit different trading styles and needs, BDSwiss stands as a robust option for both novice and experienced traders. Whether you’re looking to trade popular cryptocurrencies like Bitcoin or Ethereum, or explore more traditional assets, BDSwiss offers the tools and support to embark on your trading journey. With a focus on ease of use, security, and accessibility, BDSwiss is equipped to help traders navigate the complex world of cryptocurrencies and achieve their trading goals. From the initial account setup to placing your first cryptocurrency trade, the platform is designed to guide you through each step with clarity and support, ensuring a seamless and successful trading experience.

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BDSwiss’s Diverse Account Options

BDSwiss offers an array of account types each designed to suit different trading styles and requirements. Especially for traders interested in the volatile cryptocurrency market, these accounts provide a range of features and benefits that can significantly enhance the trading experience. This article delves into the various account types offered by BDSwiss and their specific advantages for cryptocurrency trading.

Open an account with BDSwiss

Diverse Account Types for Every Trader

BDSwiss has tailored its account types to cater to traders of all levels. The three primary accounts are Classic, VIP, and Zero Spread, each offering unique benefits.

Classic Account:

The Classic account is the most accessible option, with a minimum deposit of just $10. It offers an average spread of 1.3 on EURUSD and leverages up to 1:400 with the option for dynamic leverage up to 1:2000. This account is ideal for newcomers to cryptocurrency trading, providing a low-cost entry point with competitive conditions.

VIP Account:

With a higher minimum deposit of $250, the VIP account caters to more experienced traders. It features a reduced average spread of 1.0 on EURUSD and includes additional benefits like VIP access to trading alerts, webinars, a personal account manager, and priority services for higher depositors. This account is suitable for serious cryptocurrency traders who require more in-depth analysis and personalized service.

Zero Spread Account:

The Zero Spread account, requiring a minimum deposit of $200, is designed for high-volume traders. It offers the most competitive conditions with an average spread of 0.0 on EURUSD and a leverage of up to 1:400, with dynamic leverage up to 1:2000. The account charges a fixed commission on trades but provides the tightest spreads, ideal for scalping and high-frequency crypto trading.

Go to the Account Opening Page

Common Features Across All Accounts

Regardless of the chosen account type, all BDSwiss accounts share several advantageous features:

• Access to over 250 CFD assets, including a wide range of cryptocurrencies.
• A margin call at 50% and a stop out at 20% margin level, providing a safety net against volatile market movements.
• Instant withdrawals for credit card transactions up to 2,000 €/$/£.
• No fees on deposits and credit card withdrawals.
• Availability of Swap-Free accounts for traders who require them.
• Access to trading platforms like WebTrader, Mobile App, MetaTrader 4, and MetaTrader 5.
• Comprehensive educational resources through the BDSwiss Trading Academy and live webinars.

Go to BDSwiss Official Website

Corporate Accounts for Legal Entities

In addition to individual accounts, BDSwiss offers Corporate Accounts specifically designed for legal or registered corporations. These accounts are ideal for businesses looking to trade cryptocurrencies and other instruments on an institutional level. They offer optimized liquidity, dedicated 24/5 support, and access to the same wide range of trading instruments.

Opening a Corporate Account

To open a Corporate Account with BDSwiss, a comprehensive questionnaire covering important account information must be filled out. Upon approval, the corporation gains full access to the client dashboard. The required documentation for corporate accounts includes certificates of incorporation, directors, and shareholders, among others, ensuring a high level of security and compliance.

Open a Corporate Account

BDSwiss’s range of account types offers something for every kind of cryptocurrency trader, from beginners to seasoned professionals and even corporate entities. Each account type is designed with specific trader needs in mind, ensuring that whether you’re looking for low entry costs, tight spreads, VIP services, or corporate-grade trading conditions, BDSwiss has an account that fits your requirements. With access to a broad range of trading instruments, advanced trading platforms, and educational resources, BDSwiss provides a comprehensive and flexible trading environment for cryptocurrency enthusiasts and professionals alike.

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Leveraging the Advantages of BDSwiss’s Platforms

BDSwiss offers a comprehensive trading environment, especially for those interested in the dynamic world of cryptocurrency trading. With its MetaTrader 4 and MetaTrader 5 platforms, alongside a user-friendly mobile app and the BDSwiss WebTrader, the broker provides an array of features and tools designed to enhance the trading experience. This article explores the advantages of these platforms, focusing on how they cater to the needs of crypto traders.

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MetaTrader 4

BDSwiss Forex MetaTrader 4 is recognized as the world’s No.1 trading platform, offering a combination of user-friendly interface and advanced trading technologies. It is tailored for those who seek a secure and confident trading environment. The advantages of MT4 include:

• Easy-to-use interface with regular updates and news feeds directly on the platform.
• Free preprogrammed analytical tools and the ability to overlay analytical studies.
• Multiple charting and analysis options catering to diverse trading strategies.
• Multilanguage support, daily account statements, and real-time account summaries.
• Compatibility with BDSwiss WebTrader and mobile apps for seamless trading.

Open BDSwiss MT4 Account

MetaTrader 5

Building on the strengths of MT4, the BDSwiss MT5 offers additional features for a more comprehensive trading experience. It stands out as the most advanced platform, perfect for traders who demand more control and sophisticated analysis tools. The advantages of MT5 include:

• Multi-Asset trading on over 250 CFDs, including cryptocurrencies.
• Full access to account history and multi-language support.
• Advanced order types, including pending, stop orders, and trailing stop.
• Ability to display 100 charts simultaneously with over 80 technical indicators.
• A superior built-in MQL5 development environment for automated trading.

Open BDSwiss MT5 Account

Comparison of MT4 vs MT5

When choosing between MT4 and MT5, traders should consider their specific needs. MT5 boasts state-of-the-art features such as more pending order types, a larger number of technical indicators, and additional graphical objects. It also includes an economic calendar, embedded MQL5.community chat, and a more robust strategy tester. On the other hand, MT4 is often preferred by traders new to the markets due to its simplicity and ease of use.

See the Comparison of MT4 vs MT5

BDSwiss Mobile App: Trade Anytime, Anywhere

The BDSwiss Mobile App is designed for traders who value flexibility and the ability to manage trades on the go. The app is fully developed in-house, offering a range of features:

• Real-time quotes and interactive charts.
• A clean, user-friendly interface with full trading and transaction history.
• Functionalities for depositing and withdrawing funds, as well as account setup and KYC verification.
• 24/7 trading of popular cryptocurrency pairs.

Download BDSwiss Mobile App

BDSwiss WebTrader: A Feature-Packed Online Platform

The BDSwiss WebTrader, developed in-house, focuses on simplicity, reliability, and performance. It is accessible from all browsers and provides an unparalleled trading experience. Key features include:

• An intuitive order window, available in over 20 languages.
• Exclusive Trends Analysis Tool and cutting-edge charting.
• Synchronization with the BDSwiss Mobile App & MT4 for live price monitoring.
• Ultra-fast order execution with no requotes.

Access BDSwiss WebTrader

All BDSwiss platforms are designed to maximize the trading potential of users. They offer advanced functionalities like pip value and margin requirement at a glance, stop-limit orders to protect positions, and automated features for setting desired entry prices. This suite of tools makes BDSwiss platforms particularly advantageous for trading cryptocurrencies, known for their volatility and rapid price movements.

BDSwiss provides a robust platform for cryptocurrency trading through its MetaTrader 4, MetaTrader 5, mobile app, and WebTrader. Each platform offers unique features and benefits, catering to the diverse needs of traders. Whether you are a seasoned trader or just starting, BDSwiss’s platforms are equipped to offer a comprehensive, secure, and efficient trading experience. With tools and features designed for optimal trading, BDSwiss stands as a solid choice for anyone looking to venture into the world of cryptocurrency trading.

Go to BDSwiss Official Website

BDSwiss’s Trading Conditions

BDSwiss offers an advantageous environment tailored to meet the needs of modern traders. With innovative features like dynamic leverage, exceptional trade execution, and transparent pricing, BDSwiss stands out as a platform designed for efficiency and cost-effectiveness. This article explores how these trading conditions benefit cryptocurrency traders.

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Dynamic Leverage: Flexibility and Risk Management

Dynamic leverage is a key feature that sets BDSwiss apart, particularly beneficial in the volatile cryptocurrency market. Unlike fixed leverage, dynamic leverage adjusts in real-time based on the size and type of open positions, offering several advantages:

• Flexibility: Dynamic leverage changes with trading volume, allowing traders to adapt their strategies to varying market conditions seamlessly.
• Risk Management: By adjusting leverage based on the position size, it aids traders in managing their capital and risk more effectively, especially crucial in the unpredictable crypto market.

For instance, in trading EURUSD, the required margin for a 20 lot position can vary significantly, with the margin requirement adapting to the leverage ratio, which is based on the position size. This system ensures traders are not over-leveraged, especially important when trading highly volatile assets like cryptocurrencies.

Trade with BDSwiss’s High Leverage

Exceptional Trade Execution

BDSwiss commits to maintaining a trading environment that minimizes latency and maximizes execution speed. This is critical in cryptocurrency trading where seconds can make a significant difference in trade outcomes.

• Speed: Over 98.6% of trades are executed in less than 2 seconds, with a median execution speed of 59.2 milliseconds.
• Reliability: BDSwiss ensures instant trade execution with live streaming and the best executable prices in the market, with immediate confirmation.
• Zero Re-quotes or Rejections: Market orders are executed without re-quotes, and the only rejections occur if orders fall outside set TP and SL limits.
• Positive Slippage: Over 78.3% of all orders are executed at the rate clicked on or better, effectively reducing trading costs and ensuring fair pricing.

Trade with the High Speed Execution

Fair Pricing and Deep Liquidity

BDSwiss’s approach to pricing is characterized by transparency and direct access to liquidity, ensuring competitive conditions for cryptocurrency traders.

• Low-Cost Trading: BDSwiss offers zero fees on deposits and up to zero commissions, making it a cost-effective platform for frequent traders.
• Direct Liquidity: Routing client orders directly to top global banks and exchanges, BDSwiss ensures clients benefit from direct market prices and deep liquidity, essential for executing large cryptocurrency trades.
• Transparency: With no order manipulation and no conflicts of interest, traders can trade with confidence, knowing they are getting fair market prices.

Go to BDSwiss Official Website

Fees and Charges

BDSwiss prides itself on transparency regarding all charges and fees, ensuring traders know exactly what they are paying.

• Deposit and Withdrawal Fees: No fees are charged on deposits or credit card withdrawals.
• Trading Fees and Charges: These include overnight charges, currency conversion fees, and spreads & commissions, depending on the asset being traded.
• Inactivity Fee: A fee is charged for accounts inactive for more than 90 consecutive days, encouraging active trading.

See available Deposit Options

Deposit and Withdrawal Options

BDSwiss provides a variety of deposit and withdrawal options, catering to the global nature of cryptocurrency trading.

• Multiple Payment Options: These include credit cards, e-wallets like Skrill and Neteller, bank transfers, and even cryptocurrencies, ensuring flexibility and convenience.
• Quick Processing: Most deposit methods offer immediate processing, and withdrawals are generally processed within 24 working hours.

BDSwiss’s trading conditions offer a unique blend of flexibility, speed, and cost-effectiveness, making it an attractive platform for cryptocurrency traders. The dynamic leverage feature allows traders to adapt their strategies in real-time to changing market conditions, a critical advantage in the volatile crypto market. The platform’s commitment to fast and reliable trade execution, coupled with its transparent pricing and deep liquidity, ensures that traders can execute their strategies efficiently and at fair prices.

Additionally, the variety of deposit and withdrawal options, along with the transparency in fees and charges, enhances the overall trading experience by providing clarity and ease of transactions. Whether a novice or an experienced trader in the crypto space, BDSwiss’s trading conditions are designed to facilitate a conducive environment for successful trading activities.

In summary, BDSwiss has created a trading ecosystem that not only meets the demands of the modern cryptocurrency trader but also provides the tools and conditions necessary for maximizing trading potential and efficiency.

Go to BDSwiss Official Website

FAQs about BDSwiss’s trading service

How do I open an account with BDSwiss for cryptocurrency trading?

To open an account, click on the “Sign Up” button on the BDSwiss website, fill in the required details, agree to the Terms and Conditions, confirm you are over 18 years old, and submit your application.

What type of account can I practice trading with at BDSwiss?

BDSwiss offers a virtual $10,000 free demo account for practicing trading, allowing newcomers to familiarize themselves with the platform without financial risk.

How do I place a trade on the BDSwiss WebTrader platform?

Select your preferred account on the dashboard and click “Trade Now”. Then, choose an asset, define your position size, set Take Profit and Stop Loss limits, and click “Place Trade”.

What documents are required for account verification with BDSwiss?

Required documents include a valid passport or government-issued ID, voter’s card, or driver’s license. Bills from financial institutions or government agencies are also accepted. For Nigerian users, NINS and a Birth Certificate are required.

What are the different account types offered by BDSwiss for cryptocurrency trading?

BDSwiss offers Classic, Zero-Spread, Cent, and VIP accounts, each with varying spreads, minimum deposit requirements, and additional benefits.

What is the minimum deposit for BDSwiss accounts?

The minimum deposit is $10 for Classic and Cent accounts, $200 for Zero-Spread accounts, and $250 for VIP accounts.

Does BDSwiss offer Swap-Free accounts?

Yes, BDSwiss offers Swap-Free accounts in compliance with Sharia Law for Muslim traders.

Can I open a joint account with BDSwiss?

Yes, to open a joint account, each person must first have an individual BDSwiss account and then complete a Joint Account Request Form.

What is dynamic leverage and how does it benefit cryptocurrency traders?

Dynamic leverage is a flexible mechanism that adjusts based on the size and type of open positions, offering increased adaptability and improved risk management in volatile markets like cryptocurrencies.

What are the deposit and withdrawal options available at BDSwiss?

BDSwiss offers a variety of deposit and withdrawal options, including credit cards, e-wallets, bank transfers, and cryptocurrencies, with most methods offering immediate processing and withdrawals typically processed within 24 working hours.

Go to BDSwiss Official Website

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Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.