BDSwiss
Chris Cammack December 3, 2019 01:38 PM
BDSwiss is an offshore broker with a basic but intuitive mobile app and excellent education and market analysis. Unfortunately, its trading costs are generally above the industry average and the only trading account with relatively low fees required a 5000 USD minimum deposit. With no ASIC regulation, BD Swiss can offer leverage of 1:500 for Forex trading. But there are always trust and safety concerns when using an offshore broker. Another downside is the lack of AUD trading accounts: Any AUD deposits are converted to USD, GBP or EUR, and profits will have to be converted again when withdrawn. Not a huge issue for some, but then BDSwiss also has quite high withdrawal fees for bank transfers. Taken together, this may put some traders off. Alongside its mobile app, BDSwiss also supports the MT4 and MT5 trading platforms and offers trading on Forex, commodities, shares, indices, and 26 cryptocurrencies.