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BDSwiss Review

Review BDSwiss

BDSwiss has been operating since 2012. The broker is a trusted forex broker that offers South Koreans over 250 CFDs on various financial markets. BDSwiss guarantees execution speeds of 0.08 seconds on trades and zero-pip spreads.

Updated : August 21, 2024

Jump to:

Overview

Regulation and Safety of Funds

Awards and Recognition

Account Types and Features

Account Registration

Broker Comparison

Trading Platforms

Range of Markets

Fees

Deposit and Withdrawals

Education and Research

Bonuses and Promotions

Affiliate Programs

Customer Support

Social Responsibility

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 10 / 13348 KRW

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

Overview

 

Our analysis of BDSwiss for South Korean traders highlights its reputation as a reputable and internationally regulated broker (even though they’re not regulated in South Korea by the FSC.

Founded in 2012, BDSwiss provides a truly impressive selection of trading instruments, including Forex, commodities, shares, indices, and cryptocurrencies.

These versatile options are available on various platforms, including MetaTrader 4, MetaTrader 5, and their own WebTrader and mobile applications. The broker is renowned for its top-notch market analysis, educational resources, and streamlined order execution.

With more than 1.7 million registered accounts and a robust regulatory framework, BDSwiss offers a dependable and all-encompassing trading environment for South Korean traders of all experience levels.

 

What is BDSwiss, and what services do they provide to South Korean traders?

BDSwiss is a global broker that offers South Korean traders access to various financial markets, powerful trading platforms, market analysis, a lucrative rebate program for IBs, and more.

 

Does BDSwiss provide any specific features for South Korean traders?

Yes. BDSwiss provides unique features, including a dynamic leverage system and various account types to accommodate the particular demands of South Korean traders.

 

BDSwiss at a Glance

📊 Year Founded2009
🏛 Local Market Regulators in South KoreaIFSC, CySEC, ASIC, FSCA
💻 BonusesNone
📈 Maximum Leverage1:2000
🌎 Ease of Use Rating4/5
📞 South Korean -based customer support?24/7
💳 Minimum Deposit (KRW)USD 10 / 13348 KRW
📊 Currency Pairs71
🛍 Account TypesAccount Types Retail, Demo, Islamic
💻 Languages supported on the WebsiteEnglish, German, Spanish, French, Italian, Portuguese, Indonesian, Malay, Vietnamese, Turkish, Korean, and others
📊 Starting spread0.7 pips
📱 Trading PlatformsMetaTrader 4, MetaTrader 5, FBS Trader
⏰ Fees and Commissions Spreads from 0.7 pips, commission-free
✔️ Regional RestrictionsJapan, the United States, Canada, the United Kingdom, Myanmar, Israel, and the Islamic Republic of Iran. FBS updated its terms to cover South Korea (depending on the FBS entity)
💻 Tradable AssetsForex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs
✔️ Affiliate ProgramYes
📊ScalpingYes
📈HedgingYes
☪️ Islamic AccountYes
💻 Inactivity FeeYes, 10% after 3 months
✔️ Base CurrenciesZAR, USD, EUR, GBP, VND, etc.
👉 Open Account👉 Open Account

Regulation and Safety of Funds

Regulation and Safety of Funds

 

Regulation in South Korea

South Korea’s Financial Services Commission (FSC) does not regulate the broker. However, BDSwiss’ global regulations are listed in the table below.

 

Global Regulations

📱Registered Entity 🌎Country of Registration ✔️Regulatory Entity 🔎Regulatory Entity📊Tier 💳License Number/Ref
FBS Markets, Inc.BelizeIFSC3000102/460
Tradestone LtdCyprus353534CySEC2331/17
Intelligent Financial Markets Pty LtdAustralia
ABN 48 155 185 014ASIC1426359
Trade Stone SA (PTY) LTDSouth Africa2018/514734/07FSCA2FSP 50885

 

Protection of Client Funds

🔎Security Measure 📱Information
Segregated AccountsYes
Compensation Fund MemberNo
Compensation AmountNone
SSL CertificateYes
2FA (Where Applicable)Yes
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersYes

 

Does BDSwiss comply with international financial standards?

Yes, they adhere to international financial rules, offering South Korean traders a reliable and transparent trading platform.

 

What level of financial monitoring could South Korean traders anticipate?

The broker will provide tight financial monitoring to South Korean traders, with regular audits and compliance checks done by regulatory organizations.

Awards and Recognition

Awards and Recognition

 

We visited BDSwiss’ website and found that the broker has won the following most recent awards for its services and products:

  • BDSwiss was awarded as the “Fastest Growing Forex Broker 2024” during the Fastbull Awards.
  • In 2024, BDSwiss received the “Best Research and Education Provider – LATAM 2024” award during the UF Awards. During the same awards, BDSwiss was also named the “Most Innovative Broker – Latam 2024.”
  • BDSwiss’ IB Program won the “Best IB Program 2024” during the HQMena Awards.
  • BDSwiss was recognized as the “Broker of the Year 2023” during the Mindanao Traders Expo.
  • In 2023, during the HQMena Awards, BDSwiss was named the “Best FX Education Broker.”
  • During the UF Awards in 2023, BDSwiss won the “Best Global Partnership Programme.”

BDSwiss Account Types and Features

BDSwiss Account Types and Features

 

We found that BDSwiss has a balanced yet flexible approach in terms of the accounts that South Koreans can choose from. From the Cent to the VIP Account, traders can find a solution that works for them.

Join us as we view the basic features of each account and discuss who will benefit most from each and what South Koreans can expect from BDSwiss.

 

💻 Live Account 📉 Minimum Dep.👉 Open Account📊 Leverage💰 Commissions
➡️ Cent13,6000 KRW ($10)👉Open Account1:2000$2 on indices, 0.15% on shares
➡️ Classic13,6000 KRW ($10)👉Open Account1:2000$2 on indices, 0.15% on indices
➡️ VIP339,000 KRW ($250)👉Open Account1:2000$2 on indices, 0.15% on indices
➡️Zero Spread136,000 KRW ($100)👉Open Account1:2000$2 on indices, 0.15% on indices, $6 on Forex and commodities

 

Cent Account

Perfect for newbies in South Korea, the Cent Account allows you to begin with a mere $10, minimizing the level of risk involved. With this account, South Koreans can trade smaller amounts with competitive spreads starting from 1.6 pips on major currency pairs.

Furthermore, we also found that the BDSwiss platform offers micro lot trading (0.01 lots), which is perfect for beginners looking to effectively manage their risks.

The educational support offered by BDSwiss is highly beneficial for South Korean traders, enabling them to acquire knowledge and build their confidence in forex trading.

 

Classic Account

The BDSwiss Classic Account is designed for South Korean traders with some market experience. To get started, a minimum deposit of 13,600 KRW is required.

With spreads starting from 1.3 pips on major pairs and leverage up to 1:500, it provides competitive trading conditions. Furthermore, a benefit of this account is that it offers commission-free trading, making it a cost-effective choice for South Koreans to broaden their trading endeavors.

 

VIP Account

While evaluating this account, we found that from 339,000 KRW, South Koreans can open an account with ultra-precise spreads from 1 pip and zero fees on the majority of transactions, making it a great option for high-frequency traders.

Personal account managers, individualized trading plans, and access to first-rate instructional materials are just a few of the special benefits VIP traders enjoy.

Furthermore, with this account, VIP traders can unleash their trading power with minimal interruptions thanks to rapid execution speeds from 0.08 seconds and prioritized customer assistance.

 

Zero Spread Account

The Zero Spread Account is a great option for South Korean traders looking for transparency. With spreads starting from 0.0 pips and a $6 commission per traded lot, it provides an ideal trading experience.

With a minimum deposit of 136,000 KRW, we found this account type suitable for a wide range of traders, including scalpers and high-frequency investors. This account is perfectly suited for the meticulous trading strategies of South Korean traders, offering a clear and confident execution.

 

Demo Account

Our research into BDSwiss revealed that the practice account is a must-have for traders in South Korea. With zero risk to your trading funds, this account gives you a realistic trading experience.

Trading strategies can be fine-tuned with the help of the $10,000 virtual fund. You can also test out popular trading platforms, including MetaTrader 4, MetaTrader 5, and the BDSwiss WebTrader, with the help of the practice account.

Not only is this account available for an unlimited time, which is a notable feature, but it also allows South Korean traders to use it for educational purposes constantly and to improve their strategies.

In addition to these features, to aid traders in understanding the subtleties of market trends and the complexities of trading platforms, the BDSwiss demo account is also equipped with essential capabilities such as live market data and advanced charting tools.

 

Islamic Account

The Islamic Account is unique among BDSwiss’ products since it complies with Sharia law and is in line with Islamic financial principles. It allows for swap-free trading.

To accommodate traders with varying preferences and demands, this specialty account works in tandem with all main account types, including Cent, Classic, VIP, and Zero Spread.

The Islamic Account offers South Korean traders the same sterling trading conditions as the main account types, including competitive spreads starting at 1.1 pips, zero commissions, and enhanced services.

Another benefit we found is that South Korean traders can adjust the size of their investments according to their risk tolerance and strategic goals using the Islamic Account’s leverage options, which go up to 1:2000.

 

What is the minimum deposit amount for BDSwiss accounts for South Korean traders?

The minimum deposit for BDSwiss accounts varies, with the Cent Account offering a cheap entry point of 13,600 KRW, making it accessible to South Korean traders.

 

Can South Korean traders use their BDSwiss accounts to access all trading instruments?

Yes. BDSwiss offers access to all trading products across all account types.

How to open a BDSwiss Account – Step-by-Step Guide 

To help South Koreans get started with BDSwiss, we registered an account to show traders the easy steps involved.

 

Step 1: “Register”

Visit the homepage and select the “Sign up” tab in the top menu.

 

How to open a BDSwiss Account – Step 1

 

Step 2: Full in Registration

  • You will be redirected to the page for creating an account.
  • Please provide your full personal details, including your name, email address, phone number, and country of residence (South Korea).
  • Select the trading platform you prefer the most, from MT4, MT5, or BDSwiss WebTrader. You can also download and install the BDSwiss app onto your iOS or Android mobile device.
  • Ensure that the password you create is secure.
  • Review and agree to the BDSwiss terms and conditions and confirm that you are aware of the trading-related risks.
  • Upload the documentation required for identification verification, including proof of address (utility bill or bank statement not older than three months) and a copy of your passport or national ID.
  • Submit your registration after complying with all required fields and including all required documents.
  • Wait for the review and approval of your account by the BDSwiss compliance team.
  • An email confirmation will be sent to you once your account has been activated and approved. Then, enter your newly registered credentials into BDSwiss so that you can pay the minimum deposit and start trading.
  • To fund your trading account, go to the deposit section and select a payment method. Follow the steps indicated to make the deposit, wait for the funds, and then start trading.

 

How to open a BDSwiss Account – Step 2

 

Can South Korean traders set up several trading accounts with BDSwiss?

Yes. BDSwiss lets South Korean traders create several trading accounts, giving them the freedom to handle various trading strategies.

 

Does BDSwiss have a minimum trading experience requirement for registering South Korean traders?

No. BDSwiss doesn’t require that South Koreans have any prior trading experience and welcomes traders of all skill levels.

Broker Comparison

🔑Broker🥇BDSwiss🥇Exness🥈HFM
📈RegulationCySEC, FSC, BaFIN, FSA, Mwali International Services AuthorityFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMAFSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions
📉Trading PlatformMetaTrader 4
MetaTrader 5
BDSwiss Mobile
BDSwiss Web

MetaTrader 4
MetaTrader 5
Exness App
Exness Terminal
MetaTrader 4
MetaTrader 5
HFM App
💵Withdrawal FeeNoNoNo
🆓 Demo AccountYesYesYes
⬇️Min Deposit13,600 KRW ($10)136,000 KRW ($10)0 KRW ($0)
✳️Leverage1:2000
Unlimited1:2000
🔢SpreadFrom 0.0 pipsVariable, from 0.0 pips0.0 pips
💴CommissionsFrom $2From $0.1 per side, per lot$6 per round turn
⛔Margin Call/Stop-Out50%/20%60%/0%50%/20%
📝Order ExecutionInstant/MarketMarketMarket
💰No-Deposit BonusNoNoNo
🪙Cent AccountsYesYesNo
📊Account TypesCent Account
Classic Account
VIP Account
Zero Spread Account

Standard Account
Standard Cent Account
Raw Spread Account
Zero Account
Pro Account
Social Standard Account
Social Pro Account

Cent Account
Premium Account
Zero Account
Pro Account
Pro Plus Account

🖋️FSC RegulationNoneNoneNone
➡️KRW DepositsNoYesNone
💷KRW AccountNoneYesNone
👥Customer Service Hours24/524/724/5
💳Retail Investor Accounts475
☪️Islamic AccountYesYesYes
📌Minimum Trade Size0.01 pips0.01 lots0.01 lots
📍Maximum Trade Size50 lotsUnlimited500 lots
⏱️Minimum Withdrawal TimeInstant24 hours10 Minutes
⏰Maximum Estimated Withdrawal TimeWithin 24 hours3 days10 business days
💶Instant Deposits and Instant WithdrawalsYesNoNo
👉 Open Account👉Open Account 👉Open Account👉Open Account

BDSwiss Trading Platforms

 

We were pleased to find that BDSwiss supports both MetaTrader and its proprietary trading platforms, giving South Korean traders a choice between robust, feature-rich platforms. Here’s what we found when we tested these platforms.

 

BDSwiss Web

BDSwiss Web

 

Our experience with BDSwiss’ WebTrader was highly satisfactory, particularly for South Koreans who prefer the convenience of conducting their trades directly through a web browser.

 

The interface is designed to be easy to use and understand, making it a great option for people of all levels of trading experience. Some of the key features include up-to-date market data, advanced charting tools with multiple timeframes, and a wide range of technical indicators.

Traders from South Korea will find the platform’s integration with BDSwiss’ trading conditions highly advantageous. The platform offers tight spreads and fast execution speeds, guaranteeing optimal trading performance.

In addition, WebTrader offers a wide range of order types and efficient trade management tools, making it adaptable for various trading strategies.

 

BDSwiss Mobile

BDSwiss Mobile

 

The BDSwiss Mobile App is a valuable tool for South Koreans who lead busy lives away from their trading terminals but who still want to stay on top of their trades. The app is compatible with iOS and Android devices, providing users with a responsive and user-friendly interface.

Traders from South Korea will appreciate the app’s real-time quotes and interactive charts, which can be very handy when it comes to making fast decisions. The app offers comprehensive account management features, allowing users to make deposits and withdrawals easily.

Another impressive feature we’ve uncovered is the live chat support available within the app, allowing instant support.

In addition, the mobile app effortlessly synchronizes with the WebTrader and MetaTrader platforms, guaranteeing a uniform trading experience on all devices.

 

MetaTrader 4

MetaTrader 4

 

Based on our experience in forex trading, we found that traders worldwide continue to favor MetaTrader 4, and our testing has confirmed that BDSwiss’ implementation of MT4 lives up to its well-deserved reputation.

The platform provides various features, including customizable charts, various order types, and a comprehensive set of technical analysis tools with over 30 built-in indicators.

We believe that South Korean traders will highly value the competitive advantages offered by BDSwiss, such as low spreads and fast execution speeds. These benefits are especially important for traders who prefer high-frequency trading strategies.

 

MetaTrader 5

MetaTrader 5

 

MetaTrader 5 (MT5) is an advanced trading platform offering enhanced features to accommodate more sophisticated trading strategies.

Our analysis discovered that BDSwiss’ MT5 is incredibly versatile, offering advanced market depth, separate accounting of orders and trades, and over 80 technical indicators.

Therefore, if you’re looking for a top-notch trading platform, South Korean traders will find MT5 to be a great choice. It offers a comprehensive solution with its advanced analytical tools and the option to trade various asset classes such as stocks, futures, forex, and commodities.

We also found that traders can enjoy greater flexibility and precision with the platform’s faster processing speeds and advanced order types, like Buy Stop Limit and Sell Stop Limit.

 

What benefits do BDSwiss trading platforms provide South Korean traders?

BDSwiss platforms provide features like one-click trading, price alerts, and sophisticated charting tools, which can easily improve the trading experience for South Koreans.

 

How can South Korean traders use BDSwiss WebTrader?

South Korean traders can use BDSwiss WebTrader directly from any web browser, regardless of whether they’re using a computer, tablet, or other mobile devices.

Range of Markets

Range of Markets

 

BDSwiss has a concentrated product portfolio spread across the following financial instruments:

  • Forex: South Korean traders have a wide range of forex pairs to choose from, including major, minor, and exotic currencies. Traders can also enhance their market exposure with leverage up to 1:2000. The mobile app allows for swift execution of trades, even while on the go. The platform’s VIP alerts and Autochartist tool offer real-time insights to South Koreans, which can be highly advantageous for strategizing in the dynamic forex market.
  • Commodities: Trading commodities with the broker allows South Korean traders to diversify their portfolios by adding assets such as gold, oil, and agricultural products. With margins as low as 1% and no commission on successful trades, you can make the most of your trading capital. South Koreans can benefit from the platform’s market reports and volatility analysis tools, which provide valuable insights for navigating volatile commodity markets.
  • Shares: Traders in South Korea have the opportunity to trade shares from global markets, allowing them to leverage up to 1:5 and make the most of their investment capital. With their intuitive interface and cutting-edge trading tools, users have access to up-to-the-minute market data, allowing for informed decision-making in the equity markets. Participating in exclusive webinars and live trading sessions during important financial events can give South Koreans a valuable chance to improve their strategies.
  • Indices: With access to a wide range of global indices, South Korean traders can speculate on the performance of stock markets worldwide. With competitive leverage and advanced charting tools, traders can easily spot potential opportunities and trends. BDSwiss’ industry recognitions are a testament to their high-quality trading conditions. This can provide reassurance for traders seeking to diversify their investment portfolios.
  • Cryptocurrencies: South Koreans can easily discover the exciting world of cryptocurrencies with BDSwiss with leverage options up to 1:5 and explore the potential of this ever-evolving market. The platform’s mobile app and web terminal make it easy to trade cryptocurrencies. Various educational resources and market analysis tools can assist South Koreans in navigating this volatile market and developing well-informed trading strategies.

 

Leverage and Margin

Traders in South Korea can benefit from the wide range of margin and leverage options offered. The broker provides retail clients with leverage up to 1:500; in certain cases, experienced traders can access leverage as high as 1:2000.

One advantage of having a leverage system that can automatically adjust to changing trading volumes based on the size of the positions being traded is that it acts as a valuable asset during periods of high volatility or economic news releases.

However, during our evaluation, we found that during certain times, the leverage is restricted at 1:200 to manage risks effectively.

The broker has margin restrictions as part of its leverage services. For example, if you want to trade three lots of EUR/USD with a 1:2000 leverage, you would require a margin of approximately $160.82.

For South Korean traders to optimize their trading capital, this approach of leveraging can be highly beneficial. By utilizing leverage, South Koreans can increase their market exposure while requiring less funding.

Traders will receive notifications before the liquidation of their positions, according to BDSwiss’ margin call policy. To prevent this, South Koreans must ensure they have enough free margin to fulfill the requirements or close their positions.

 

Which markets can South Korean traders access?

They allow South Korean traders to trade a broad variety of markets, including forex, commodities, indices, equities, and cryptocurrencies.

 

Do South Korean traders have access to foreign stock markets via BDSwiss?

Yes, the broker gives South Korean traders access to key international stock exchanges with the listed shares from various popular companies like Google, Netflix, Amazon, etc.

Fees

Fees

 

BDSwiss not only boasts superb execution speeds from 0.08 seconds but also ensures that trading and non-trading fees are competitively low, especially compared to other brokers in the industry. Here’s what South Korean traders can expect from BDSwiss regarding fees.

 

Spreads

According to our findings, the Cent Account charges spreads from 1.6 pips to EUR/USD. In comparison, the Classic account offers 1.3 pips spreads on major currency pairs, allowing South Koreans to manage expenses without worrying about commission fees.

The VIP account offers narrower spreads from 1 pip, ideal for frequent or high-volume trading. The Zero Spread account offers spreads from 0.0 pips with commissions from $6 on forex trades.

Overall, the low spreads and fast execution speeds improve the overall trading experience of South Koreans, allowing them to seize market opportunities while keeping costs low.

 

Commissions

The trading costs for Classic and VIP accounts are included in the spread, with no commissions on trades. On the other hand, the Zero Spread account includes a $5 commission per traded lot, but the extremely low spreads offset this.

South Koreans who prefer managing costs through wider spreads may find the absence of commissions on Classic and VIP accounts appealing. Alternatively, the Zero Spread account is ideal for individuals who value narrow spreads and are at ease with a commission-based structure.

 

Overnight Fees

Swap or overnight fees are charged for holding positions overnight and can fluctuate based on the currency pair and market conditions.

The client agreement and other information we found show that BDSwiss determines these fees by considering the interest rate disparity between the currencies involved in the trading pair.

For example, keeping a EUR/USD position open overnight may result in a different swap rate than a GBP/JPY position, which is influenced by different interest rates.

 

Deposit and Withdrawal Fees

Regarding deposit and withdrawal fees, the broker typically does not impose any deposit charges, which is advantageous for South Korean traders to maximize their trading capital.

However, South Koreans must note that withdrawal fees could be associated with certain methods and processes.

 

Inactivity Fees

A fee of 10% is applied to accounts that have been inactive for more than 90 days, with a minimum charge of $25 and a maximum charge of $49.90. We found that this fee motivates traders to stay active and regularly interact with their trading accounts.

 

Currency Conversion Fees

There are fees for converting currencies when trading instruments that are not in the account’s base currency.

South Koreans who frequently engage in cross-currency transactions will find that they apply a small fee for these conversions, potentially impacting their profitability.

Therefore, having an account in a globally traded currency such as USD will benefit South Korean traders as it can help minimize the need for conversions and reduce associated costs.

 

How competitive are the forex spreads on BDSwiss for South Korean traders?

Extremely competitive. Depending on the account type, they have competitive spreads ranging from 0.0 pips to 1.6 pips EUR/USD for forex trading.

 

Are there any hidden costs that South Korean traders should know while using BDSwiss?

Not at all. The broker values transparency; thus; all possible expenses are mentioned on their website, with no hidden charges.

BDSwiss Deposits and Withdrawals

BDSwiss Deposits and Withdrawals

 

💳 Payment Method🌎 Country💴Currencies Accepted⏱️Processing Time
💰Credit/Debit Card AllEUR, GBP, USDInstant Deposits, Withdrawals in 24 hours
🪙Electronic Funds Transfer (EFT)South AfricaZARInstant Deposits, Withdrawals in 24 hours
💸KorapayNigeriaNGNInstant 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 TogoZAR, KES, GHS, TZS, XOF, UGXInstant Deposits, Withdrawals in 24 hours
💸Electronic Wallets (GCash, Pay Maya, etc.)Thailand, Indonesia, Philippines, South Korea, MalaysiaTHB, IDR, PHP, VND, MYRInstant Deposits, Withdrawals in 24 hours
💳PixBrazilBRLInstant Deposits, Withdrawals in 24 hours
🪙BeetellerBrazil, Chile, Colombia, Costa Rica, Mexico, Peru, GuatemalaBRL, CLP, COP, CRC, MXN, PEN, GTQ, USDInstant Deposits, Withdrawals in 24 hours
💰Cryptocurrency WalletsAllBTC, BCH, ETH, PAX, TUSD, USDT, USDC, LTC, XRP, DASH, ZCASH, ADAInstant Deposits, Withdrawals in 24 hours
💸Bank Wire TransferAllEUR, USD, GBP, PLN, CHF, SEK, DKK, NOK1 -5 days on deposits, Withdrawals in 24 hours

 

Deposits

How to Deposit using Bank Wire Step by Step

✅Go to the BDSwiss website and sign in to your trading account with your login information.

✅Find the ‘Deposit’ tab on your account dashboard.

✅Select the ‘Bank Wire Transfer’ option.

✅Please indicate the amount you would like to deposit in your chosen currency.

✅BDSwiss will provide bank details. Carefully note down these details.

✅You can use your online banking platform or visit your bank branch to initiate the wire transfer. Make sure to provide the BDSwiss bank details.

✅Include your BDSwiss trading account number as the reference when making the bank transfer.

✅Confirm the transaction with your bank and proceed to send the funds. Note that it usually takes 1-5 business days for the funds to appear in your BDSwiss trading account.

 

How to Deposit using Credit or Debit Card Step by Step

✅Log into your BDSwiss trading account online.

✅Navigate to the ‘Deposit’ tab located in the account dashboard.

✅Choose ‘Credit/Debit Card’ as your preferred deposit method.

✅Please enter the amount you want to deposit and choose your preferred currency.

✅Please provide your credit or debit card details, including the card number, expiry date, and CVV code.

✅Review the details and confirm the transaction. Your BDSwiss account will be credited with the funds immediately.

 

How to Deposit using Cryptocurrency Step by Step

✅Log in to your trading account on the BDSwiss platform.

✅Navigate to the ‘Deposit’ section on your account dashboard.

✅Select ‘Cryptocurrency’ as your preferred deposit method.

✅Please choose the cryptocurrency you want to deposit from the list available (BTC, BCH, ETH, PAX, TUSD, USDT, USDC, LTC, XRP, DASH, ZCASH, or ADA).

✅BDSwiss will generate a one-of-a-kind wallet address for your account.

✅Use your external crypto wallet to transfer the desired amount to the provided BDSwiss wallet address.

✅Please ensure that you verify the transaction on the blockchain and confirm the deposit in your BDSwiss account.

✅Your cryptocurrency deposit will be processed and credited to your account immediately.

 

How to Deposit using e-Wallets or Payment Gateways Step by Step

✅Log into your BDSwiss trading account through the online platform.

✅Navigate to the ‘Deposit’ tab.

✅Choose the e-wallet or payment gateway from the options provided.

✅Please indicate the desired deposit amount and choose your preferred currency.

✅You will be directed to the login page of your e-wallet. Please enter your credentials to log in.

✅Simply follow the prompts to authorize the payment from your e-wallet to BDSwiss.

✅Please review and confirm the deposit transaction. Your BDSwiss account should be credited with the funds immediately.

 

Withdrawals

How to Withdraw using Bank Wire Step by Step

✅Log into your BDSwiss trading account.

✅Go to the ‘Withdraw’ tab located in your account dashboard.

✅Choose ‘Bank Wire Transfer’ as your withdrawal method.

✅Specify the amount you wish to withdraw.

✅Enter your bank account details.

✅Review the details and submit the withdrawal request.

✅Withdrawals are typically processed within 24 hours, but the funds may take 1-5 business days to reach your bank account.

 

How to Withdraw using Credit or Debit Cards Step by Step

✅Access your BDSwiss trading account.

✅Click on the ‘Withdraw’ tab in the dashboard.

✅Select ‘Credit/Debit Card’ as the withdrawal method.

✅Specify the amount you wish to withdraw.

✅Enter the details of the card you used for the deposit.

✅Review the details and confirm the withdrawal request.

✅Withdrawals to credit/debit cards are typically processed within 24 hours.

 

How to Withdraw using Cryptocurrency Step by Step

✅Log into your BDSwiss trading account.

✅Click on the ‘Withdraw’ tab in your account dashboard.

✅Choose ‘Cryptocurrency’ as your withdrawal method.

✅Specify the amount you wish to withdraw and select the cryptocurrency.

✅Enter the wallet address to which you want the funds to be sent.

✅Review and confirm the withdrawal request. Cryptocurrency withdrawals are processed within 24 hours.

 

How to Withdraw using e-Wallets or Payment Gateways Step by Step

✅Log into Your Account.

✅Click on the ‘Withdraw’ tab once your account dashboard has loaded.

✅Select your preferred e-wallet or payment gateway.

✅Specify the amount you wish to withdraw.

✅You will be redirected to your e-Wallet’s login page; enter your credentials to log in.

✅Authorize the withdrawal from your e-wallet.

✅Withdrawals to e-wallets are processed within 24 hours.

 

Can South Korean traders withdraw profits straight to their bank accounts using BDSwiss?

Yes, South Korean traders can withdraw their profits into their bank accounts; however, they might need to present a bank statement confirming account ownership. Furthermore, KRW withdrawals could attract currency conversion fees.

 

What should South Korean traders know about the security of their transactions on BDSwiss?

BDSwiss employs extensive security measures to safeguard all transactions, making the deposit and withdrawal procedures secure for South Korean traders.

10 Best Forex Brokers in South Korea for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#5

Read Review

$200

#6

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$100

#7

Read Review

$1

#8

Read Review

$200

#9

Read Review

$100

#10

Read Review

$50

#1

4.4/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

avatrade.jpg

4.8/5

User Score

#9

4.8/5

User Score

#10

4.7/5

User Score

Educational Resources 

Educational Resources 

 

  • Forex Basic Lessons: BDSwiss offers a comprehensive educational program for traders, particularly in South Korea, called “Forex Basic Lessons,” which provides interactive and engaging lessons on fundamental subjects like currency pairs and technical analysis.
  • Forex eBooks: BDSwiss’ eBooks offer industry-proven insights for traders of all experience levels, catering to South Korean traders’ needs for beginner-friendly and advanced trading strategies.
  • Forex Glossary: BDSwiss offers a forex glossary to simplify industry terminology, enhancing communication within the trading community and boosting confidence among South Korean traders.
  • Live Education: BDSwiss provides live educational sessions for South Korean traders, guiding them in staying informed about market trends and providing a platform for direct interaction.
  • Educational Videos: BDSwiss offers educational videos tailored to South Korean traders’ diverse learning styles, providing visual and concise content for flexible and effective learning.
  • Seminars: BDSwiss provides in-person market analysis and trading psychology seminars, promoting hands-on learning and professional connections for active participants.
  • Learning centers: BDSwiss offers extensive learning centers for South Korean traders, providing resources like articles, webinars, and interactive courses to support their trading journeys at every level.

 

Does BDSwiss hold seminars in South Korea?

No. BDSwiss’ seminars might be global, but none aren’t currently held in South Korea.

 

How does BDSwiss assist South Korean traders in keeping up with global financial markets?

BDSwiss offers daily videos, market news updates, and monthly reports to keep South Korean traders updated about global financial markets and prospective trading possibilities.

 Bonuses and Promotions

Bonuses and Promotions

 

Currently, no general bonuses are available for traders in South Korea, although certain regions might have specific promotional offers. BDSwiss offers a flexible rebates program for Introducing Brokers (IBs), offering compensation of $4.20 for each client-traded lot.

This program particularly appeals to high-volume traders and provides a continuous income source for client trading activities. This presents a great opportunity for South Korean traders to establish connections and generate passive income through referrals.

How to Register an Affiliate Account with BDSwiss Step-by-Step

 

Step 1: Select “Partners”

Visit the BDSwiss homepage at BDSwiss.

Select “Partners” from the top menu, which is located between the “Education” and “About” tabs.

 

How to Register an Affiliate Account with BDSwiss Step 1

 

Step 2: click the “Start Now” 

Scroll down to learn about the various partnership kinds available by BDSwiss.

Once you’ve decided which partnership type is ideal, click the “Start Now” option to begin the registration process.

 

How to Register an Affiliate Account with BDSwiss Step 2

 

Step 3: Fill in the registration form

You will be redirected to the registration form. Enter your personal information, such as name, email address, phone number, and preferred language.

Enter your business details, including the sort of relationship you’re looking for and any relevant financial sector expertise.

Upload essential verification papers, such as identity and proof of address, to comply with regulatory standards.

Carefully read the BDSwiss affiliate program’s terms and conditions. Check the box if you agree to the terms and conditions.

Submit the completed registration form and wait for a confirmation email from BDSwiss.

Please wait for your account to be evaluated and authorized. BDSwiss usually processes applications within a few working days.

Once authorized, log in to your affiliate account. You will access a full dashboard with marketing tools, analytics, and reporting options.

 

How to Register an Affiliate Account with BDSwiss Step 3

 

How to Register an Affiliate Account with BDSwiss Step 3

 

Affiliate Programs

Affiliate Programs

 

According to our review thus far, South Koreans can see what BDSwiss offers clients, so imagine what that would mean when partnering with this broker. Keep reading to learn more about the benefits and features you can expect as a South Korean affiliate.

 

Features

BDSwiss has a comprehensive affiliate network for individuals with a substantial web presence, including those in South Korea. Here are the important details of the BDSwiss Affiliate Program.

  • Individuals with active blogs, social media accounts, Forex educational platforms, or other digital channels can participate in the program.
  • Affiliates can use independent mobile traffic monitoring solutions to learn more about their mobile audience.
  • BDSwiss offers a variety of marketing tools, including banners, landing pages, and logos, to enable affiliates to efficiently promote their services.
  • Affiliates can participate in the Partner Loyalty Programme to win additional prizes and benefits based on their referral and trading volume.
  • The program delivers timely and extensive success reports, enhancing affiliates’ promotional efforts.
  • Commissions are normally paid out monthly, with the current month’s rewards handled by the 15th of the next month.
  • Affiliates get access to personal account managers and specialized affiliate managers for VIP referrals.
  • Affiliates have access to various marketing and tracking tools, including ad serving, tracking, and management solutions.
  • BDSwiss has a good conversion rate of 37% and offers quick referral onboarding.
  • Affiliates may earn competitive commissions through various programs that include revenue sharing and CPA (Cost Per Acquisition) opportunities. For example, a 50% revenue-sharing plan pays $4.20 for each traded lot on key currency pairings.

 

Is there a minimum payment for the BDSwiss Affiliate Program in South Korea?

Yes, BDSwiss has a minimum payment criteria for its Affiliate Program, which South Korean affiliates must meet before withdrawing their profits.

 

What types of customers can South Korean traders target with the BDSwiss Affiliate Program?

The BDSwiss Affiliate Program allows South Korean traders to target a broad spectrum of customers, from forex rookies to seasoned pros, increasing their chances of earning commissions.

Customer Support

Customer Support

 

🔑Customer Support🥇BDSwiss Customer Support
⏰Operating Hours24/7
🔊Support LanguagesMultilingual
👥Email Address✅Yes
☎️Telephonic Support✅Yes
🏆The overall quality of BDSwiss Support4/5

 

What sorts of customer assistance does BDSwiss provide to South Korean traders?

The broker offers full customer service to South Korean traders, including live chat, email, and phone support, assuring prompt resolution of any trading issues.

 

How does BDSwiss deal with urgent trading concerns for South Korean traders outside of typical service hours?

For urgent trading concerns outside of usual support hours, they might have an emergency contact line and email support to South Korean traders.

BDSwiss Social Responsibility

The broker demonstrates its commitment to corporate social responsibility through various initiatives detailed on its CSR page.

They are committed to promoting financial literacy by providing education to underserved communities. Additionally, they are dedicated to reducing their carbon footprint through sustainability efforts.

They also actively collaborate with charities to support global causes. BDSwiss’ actions demonstrate a strong dedication to promoting a positive social impact and encouraging responsible financial practices.

For more information on these initiatives, traders from South Korea can visit the “About” section on the website and select “Corporate Social Responsibility” from the menu.

BDSwiss User Comments and Reviews

We’ve gone onto various sites where clients have left comments to find the top and most recent ones.

  • “I have used BDSwiss to trade for a while now. Making deposits is quick, which is great, but getting money out can be slow and take up to 10 days at times. I wish they would accept
  • KRW as a starting cash. Overall, they’re a good company, but some things could be done better, especially with the transfer process.”
  • “The trade tools at BDSwiss are good, but I think their inactive fees are too high. Also, I’d like their spreads to be a little narrower. There are times when their customer service was great and times when it wasn’t so good.”
  • “The broker has been a pain for me to deal with. I tried to take out £100, but it never showed up. Their customer service is slow and doesn’t help, so I’m considering ending my account and telling my friends not to use them. They need to work on their customer service.”

Pros & Cons

✅Pros❌Cons
There are four powerful trading platforms availableExisting clients report several withdrawal delays and issues
There are extensive educational materials offeredBDSwiss doesn’t support KRW as an account base currency
Experienced traders can use various advanced trading toolsTraders are charged inactivity fees on dormant accounts
The spreads on more elite accounts are tight and competitiveLeverage for South Korean retail traders might be capped

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Our Recommendations on BDSwiss

  • Supporting KRW (South Korean Won) as a base currency would greatly improve convenience for South Korean traders. It would eliminate the need for currency conversion and the accompanying fees, making trading much easier.
  • Provide localized market analysis and insights targeting the South Korean economy and highlighting relevant trading opportunities.
  • South Korean traders would find it advantageous to have faster withdrawal processing times. Making sure that withdrawals are consistently processed within 24 hours would greatly increase trust and satisfaction among users.
  • It would be beneficial to explore the possibility of incorporating more streamlined payment gateways or local banking options to enhance the speed of deposit and withdrawal transactions.

Final Verdict

BDSwiss offers a range of options for South Korean traders. The platform is a top pick for beginners with its abundant educational resources.

Its extensive selection of account types and diverse range of tradable assets are designed to accommodate a variety of trading styles. Nevertheless, lacking a Korean-language platform and customer support could discourage certain users.

In addition, it’s worth noting that the broker’s fees, although competitive, may not be the most affordable in the market.

Overall, we consider BDSwiss a reliable option for South Korean traders who value educational resources and a wide range of trading options. However, individuals who prefer a fully localized experience or the lowest fees might want to consider other alternatives.

Our Insight

Based on what I discovered, “With a user-friendly interface, coupled up with its dedicated customer support, BDSwiss majors in making trading as clear as possible”. Its bulkiness i.e. blend of security, functionality, and customer focus places BDSwiss as a good alternative to the millions of traders who is spread out throughout the globe.

Frequently Asked Questions

Is BDSwiss a regulated broker in South Korea?

Yes, but not directly regulated by the FSC in South Korea. However, several reputable entities like CySEC, FSC, FSA, BaFin, and Mwali International Services Authority regulate.

 

Can I immediately transfer Korean Won (KRW) into my account?

No, the broker does not accept KRW directly. However, you can deposit in USD, EUR, or any supported currency, and your bank will manage the conversion.

 

Does BDSwiss provide Korean-language customer service?

No. The broker currently does not provide customer service in Korean. However, their English-speaking support team is available around the clock during market hours.

 

Can I use popular South Korean payment methods such as KakaoPay or Naver Pay?

No, BDSwiss does not currently allow these payment methods. However, they provide various foreign payment alternatives, including credit/debit cards, bank transfers, and e-wallets.

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