Namibian Dollar Forex Trading Accounts
Scam Forex Brokers in Namibia
BD Swiss Review
Overall, BDSwiss is considered low-risk, with an overall Trust Score of 83 out of 100. BDSwiss is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). BDSwiss offers four different retail trading accounts namely a Classic Account, Premium Account, VIP Account, and a RAW Account. BDSwiss is currently not regulated by the bank of Namibia
- Louis Schoeman
Updated : March 27, 2023
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 195 NAD
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Trading Fees
Account Activation
BDSwiss At a Glance
| 🏛 Headquartered | Seychelles |
| 🏙 Local office in Windhoek? | No |
| ✅ Accepts Namibian Traders? | Yes |
| 🗓 Year Founded | 2012 |
| 📞 Namibian Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • YouTube • Blog • Telegram |
| ⚖️ Regulation | CySEC, FSC, BaFIN, FSA |
| 🪪 License Number | • Cyprus – 199/13 • Mauritius – C116016172 • Germany – 10134687 • Seychelles – SD047 |
| ⚖️ BoN Regulation | None |
| 🚫 Regional Restrictions | The United States, Belgium, and other OFAC sanctioned regions |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 4 |
| 📊 PAMM Accounts | None |
| 🤝 Liquidity Providers | None indicated |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Instant, Market |
| 📊 Average spread | From 0.3 pips |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 20% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a NAD Account? | No |
| 👨💻 Dedicated Namibian Account Manager? | No |
| 📊 Maximum Leverage | 1:1000 |
| 🚫 Leverage Restrictions for Kenya? | No |
| 💰 Minimum Deposit (NAD) | 1,500 NAD or an equivalent to $100 |
| ✅ Namibian Dollar Deposits Allowed? | No, only USD, GBP, EUR |
| 📊 Active Namibian Trader Stats | 150,000+ |
| 👥 Active Namibian-based BDSwiss customers | Unknown |
| 💳 Namibia Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
| 💵 Deposit and Withdrawal Options | • Bank wire transfer • Debit Cards • Credit Cards • Skrill • Neteller |
| 🏦 Segregated Accounts with Namibian Banks? | No |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web |
| ✔️ Tradable Assets | • Forex • Commodities • Shares • Indices • Cryptocurrencies |
| 💸 Offers USD/NAD currency pair? | No |
| 📈 USD/NAD Average Spread | N/A |
| 📉 Offers Namibian Stocks and CFDs | No |
| 🗣 Languages supported on Website | English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Namibian-based customer support? | No |
| ✅ Bonuses and Promotions for Namibians | None |
| 📚 Education for Namibian beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Namibian Trader | Michael Amushelelo (Net Worth Unknown) |
| ✅ Is BDSwiss a safe broker for Namibians? | Yes |
| 📊 Rating for BDSwiss Namibia | 9/10 |
| 🤝 Trust score for BDSwiss Namibia | 78% |
| 👉 Open an account | 👉 Open Account |
BDSwiss Review – 23 key points quick overview:
BDSwiss Overview- BDSwiss Regulation and Safety of Funds
- BDSwiss Awards and Recognition
- BDSwiss Account Types and Features
- How to open an Account with BDSwiss
- BDSwiss Vs eToro Vs Plus500 – Broker Comparison
- BDSwiss Trading Platforms
- BDSwiss Range of Markets
- Broker Comparison for Range of Markets
- BDSwiss Trading and Non-Trading Fees
- BDSwiss Deposits and Withdrawals
- How to Deposit Funds with BDSwiss
- BDSwiss Fund Withdrawal Process
- BDSwiss Education and Research
- BDSwiss Bonuses and Promotions
- How to open an Affiliate Account with BDSwiss
- BDSwiss Affiliate Program Features
- BDSwiss Customer Support
- BDSwiss Corporate Social Responsibility
- Verdict on BDSwiss
- BDSwiss Pros and Cons
- Frequently Asked Questions
- Conclusion
BDSwiss Overview
👉 BDSwiss Accepts Namibian Clients and has an average spread from 0.3 pips with commission from 0.15%. BDSwiss has a maximum leverage ratio up to 1:1000 and there is a demo and Islamic account available. MT4, MT5, and BDSwiss platforms are supported. BDSwiss is headquartered in Seychelles and is regulated by CySEC, FSC, BaFIN, and FSA.
👉 BDSwiss is an online trading broker with millions of customers worldwide. They were founded in 2012 in Zurich, Switzerland, and have developed to become one of Europe’s major financial organizations specializing in online trading, providing 250+ Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, and CFDs.
👉 BDSwiss takes immense pleasure in providing the greatest trading circumstances available, including innovative trading platforms and superior customer service.
👉 This BDSwiss review for Namibia will provide local retail traders with the details that they need to consider whether BDSwiss is suited to their unique trading objectives and needs.
BDSwiss Distribution of Traders
👉 BDSwiss currently has the largest market share in these countries:
➡️️ Germany – 16.9%
➡️️ Italy – 10.3%
➡️️ Mexico – 7.2%
➡️️ Malaysia – 5.8%
➡️️ Brazil – 5.1%
Popularity among traders who choose BDSwiss
🥇 While BDSwiss does not have a significant market share in Namibia, it remains a viable alternative for Namibian traders, ranking among the country’s Top 100 brokers.
BDSwiss Regulation and Safety of Funds
BDSwiss Regulation in Namibia
BDSwiss is a subsidiary of a globally operating business headquartered in Zug, Switzerland. The BDSwiss Group is licensed and registered in several different countries, except locally in Namibia by the Bank of Namibia.
BDSwiss Global Regulations
BDS Markets is regulated and approved by the Mauritius Financial Services Commission (FSC).
The Cyprus Securities and Exchange Commission (CySEC) has authorized and licensed BDSwiss Holding PLC. BDSwiss GmbH is BDSwiss Holding PLC’s registered tied agent in Germany, governed by BaFIN with license number 10134687.
Additionally, BDS Ltd. is registered and regulated by the Seychelles Financial Services Authority (FSA) under license number SD047.
BDSwiss Holding PLC is governed by the Markets in Financial Instruments Directive (MiFID), which improves market transparency and harmonizes regulatory disclosure requirements for certain markets in the European Union.
This kind of regulation helps reassure potential customers that they are working with a safe and trustworthy broker.
BDSwiss Client Fund Security and Safety Features
As a regulated investment business, BDSwiss must comply with all applicable European and local rules and regulations governing the provision of investment services, the conduct of investment activities, and the functioning of regulated markets.
BDSwiss does not keep customer cash in the company’s bank accounts. They are separated into top-tier banks to prevent them from being utilized for other purposes, such as operating expenditures. Client monies should be immediately and efficiently accessible for withdrawal.
All customer information is encrypted using innovative security software and is kept encrypted and not shared with other parties.
BDSwiss Awards and Recognition
BDSwiss has won several different industry awards during its time in operation, with the most recent as follows:
➡️ In 2021, BDSwiss won the award for being the “Best FX Education & Research Provider”, issued by the World Finance Awards.
➡️ In 2021, the Global Banking and Finance Awards issued BDSwiss the “Best Mobile Trading Platform in Europe” Award.
➡️ In 2020, BDSwiss won the “Best FX & CFD Provider” award which was issued during the International Investor Awards.
BDSwiss Account Types and Features
BDSwiss offers Namibian traders a choice between four live trading accounts namely:
➡️ Classic Account
➡️ Premium Account
➡️ VIP Account
➡️ RAW Account
Additionally, the official website of BDSwiss indicates that a Cent Account is available. However, this account type remains undocumented, suggesting that development work is ongoing.
Namibian traders may keep informed about the BDSwiss Cent Account option by subscribing to the broker’s email newsletters or following the firm on social media sites.
BDSwiss Live Trading Accounts
Classic Account
This is a standard and entry-level trading account that is quite popular among average Namibian traders despite their trading styles or experience.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 1.5 pips |
| 📈 Maximum Leverage | 1:500 |
| 💵 Tradable Instruments | Over 250 |
| 💸 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies CFDs |
| 💰 Commissions per round lot | • $2 on Indices • 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 💻 Platforms available | All |
| 🚨 Are trading alerts offered? | Limited Access granted |
| 1️⃣ Priority Service | No |
| 🔧 AutoChartist Standard Tools | Yes |
| 💰 Access to Trading Central? | Yes |
| 📚 Trading Academy and Live Webinars | Yes |
| 👥 Trade Companion offered? | No |
| ☪️ Islamic Account option? | Yes |
| 🥇 VIP Webinars | No |
| 📞 24/5 Customer Service and Support? | Yes |
| 💰 Minimum deposit requirement | 1851 NAD or an equivalent to $100 |
| 👉 Open an Account | 👉 Open Account |
Premium Account
This is the next account level that provides more advantages and functionality to Namibian traders, which is shown in the table below.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 1.1 pips |
| 📈 Maximum Leverage | 1:1000 |
| 💵 Tradable Instruments | Over 70 |
| 💸 Available Assets | • Forex CFDs • Commodities CFDs |
| 💰 Commissions per round lot | None |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 💻 Platforms available | BDSwiss Web, BDSwiss Mobile, MetaTrader 4 |
| 🚨 Are trading alerts offered? | Limited Access granted |
| ✔️ AutoChartist Performance Stats offered? | Yes, with a 7,800 NAD minimum deposit |
| 👨💻 Personal Account Manager | Yes, with a 15,000 NAD minimum deposit |
| 1️⃣ Priority Service | No |
| 🔧 AutoChartist Standard Tools | Yes |
| 💰 Access to Trading Central? | Yes |
| 📚 Trading Academy and Live Webinars | Yes |
| 👥 Trade Companion offered? | No |
| ☪️ Islamic Account option? | Yes |
| 🥇 VIP Webinars | No |
| 📞 24/5 Customer Service and Support? | Yes |
| 💰 Minimum deposit requirement | 1,500 NAD or an equivalent to $100 |
VIP Account
This is the BDSwiss Professional account, which is designed for experienced traders and investors who require the best possible trading conditions as well as additional features.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 1.1 pips |
| 📈 Maximum Leverage | 1:500 |
| 💵 Tradable Instruments | Over 250 |
| 💸 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies • CFDs |
| 💰 Commissions per round lot | 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 💻 Platforms available | All |
| 🚨 Are trading alerts offered? | VIP Access |
| ✔️ AutoChartist Performance Stats offered? | Yes |
| 👨💻 Personal Account Manager | Yes |
| 1️⃣ Priority Service | Yes |
| 🔧 AutoChartist Standard Tools | Yes |
| 💰 Access to Trading Central? | Yes |
| 📚 Trading Academy and Live Webinars | Yes |
| 👥 Trade Companion offered? | Yes |
| ☪️ Islamic Account option? | Yes |
| 🥇 VIP Webinars | Yes |
| 📞 24/5 Customer Service and Support? | Yes |
| 💰 Minimum deposit requirement | 47,000 NAD or an equivalent to $3,000 |
Raw Account
This is a trading account that provides the narrowest spreads for scalpers, day traders, and other high-volume traders who trade at a rapid speed.
| Account Features | Value |
| 📊 Average Spread on EUR/USD | 0.3 pips |
| 📈 Maximum Leverage | 1:500 |
| 💵 Tradable Instruments | Over 250 |
| 💸 Available Assets | • Forex CFDs • Stocks CFDs • Indices CFDs • Commodities CFDs • Cryptocurrencies CFDs |
| 💰 Commissions per round lot | • $2 on Indices • $5 on all forex currency pairs • 0.15% on Shares |
| 📞 Margin Call | 50% |
| 🛑 Stop-out level | 20% |
| 💵 Instant Withdrawals offered? | Yes, only on credit cards up to 2,000 €/$/£ |
| 💰 0% fees on Deposits and CC Withdrawal? | Yes |
| 💻 Platforms available | BDSwiss Mobile, BDSwiss Web, MetaTrader 4 |
| 🚨 Are trading alerts offered? | VIP Access |
| ✔️ AutoChartist Performance Stats offered? | Yes |
| 👨💻 Personal Account Manager | Yes |
| 1️⃣ Priority Service | Yes |
| 🔧 AutoChartist Standard Tools | Yes |
| 💰 Access to Trading Central? | Yes |
| 📚 Trading Academy and Live Webinars | Yes |
| 👥 Trade Companion offered? | Yes |
| ☪️ Islamic Account option? | No |
| 🥇 VIP Webinars | Yes |
| 📞 24/5 Customer Service and Support? | Yes |
| 💰 Minimum deposit requirement | 78,000 NAD or an equivalent to $5,000 |
BDSwiss Base Account Currencies
With BDSwiss, Namibian traders can only register a trading account with USD, GBP, or EUR as their base account currency.
This is a frustrating limitation in comparison to many other foreign brokers since it means that Namibians, who have bank accounts denominated in NAD, may have to pay conversion fees on all deposits and withdrawals.
Trading may become costly due to conversion costs, which are often hidden from view on the fee report but nevertheless have an impact on profitability.
BDSwiss Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and BDSwiss offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
BDSwiss also offers a Forex or CFD “Demo Account,” which allows inexperienced traders to put their trading talents to the test on risk-free Demo accounts with changeable virtual balances of up to 100,000€/$/£ in value.
BDSwiss customers may open any kind of account provided by BDSwiss, including Classic, Raw, VIP, and Premium (under FSC only) as a Demo Account, allowing them to experiment with the tools, and conditions, and spreads that are available.
BDSwiss Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Muslim traders in Namibia may convert their Classic, Premium, or VIP accounts to Islamic Accounts, which free them from overnight costs.
How to open an Account with BDSwiss
To register an account with BDSwiss, Namibian traders can follow these steps:
Step 1 – Go to BDSwiss website to sign up.
➡️ You can click on any buttons on the website to go to the registration page.
Step 2 – Fill in your personal details as requested.
➡️ Provide your personal information in order to complete the registration process.
Step 3 – Submit documents requests for validation.
➡️ This is a mandatory step for all traders to complete the registration process.
Step 4 – Receive your login credentials
➡️ Upon approval you will receive the login credentials to start trading with your newly created BDSwiss account.
BDSwiss Vs eToro Vs Plus500 – Broker Comparison
| BDSwiss | eToro | Plus500 | |
| ⚖️ Regulation | CySEC, FSC, BaFIN, FSA | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA | ASIC, FMA, FSCA, FCA, CySEC, FSA, MAS |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web | • eToro proprietary platform | • Plus500 mobile and web-based trading platform |
| 💰 Withdrawal Fee | Yes, <100 EUR withdrawals | Yes | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 1,500 NAD | 3128 NAD | 1543 NAD |
| 📈 Leverage | Up to 1:1000 | 1:30 (Retail) 1:400 (Professional | 1:30 |
| 📊 Spread | From 0.3 pips | From 1 pip | 0.8 pips |
| 💰 Commissions | $2 to $5 | None | None |
| ✴️ Margin Call/Stop-Out | 50%/20% | None indicated | None |
| ✴️ Order Execution | Instant/Market | Market/Instant | None |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | In Progress | No | Yes |
| 📈 Account Types | • Classic Account • Premium Account • VIP Account • RAW Account | • Retail Account • Professional Account | • Standard Live Account |
| ⚖️ BoN Regulation | No | No | No |
| 💳 NAD Deposits | No | No | No |
| 📊 Namibian Dollar Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/6 | 24/7 |
| 📊 Retail Investor Accounts | 4 | 1 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 195 NAD
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Trading Fees
Account Activation
BDSwiss Trading Platforms
BDSwiss offers Namibian traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Mobile
➡️ BDSwiss Web
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
Because of its innovative technology and user-friendly interface with an abundance of features, the BDSwiss MT4 is ideal for traders of any experience level.
It has real-time quotes, customizable charts with numerous timeframes and various technical indicators, several trade order/execution types, notifications, a news feed, automated trading, and many other features.
In addition, Namibian traders can easily carry out in-depth market research and trading thanks to the availability of all necessary instruments.
MetaTrader 5
MetaTrader 5 is the successor of MT4 and offers a few new features, including more complex trading tools and indicators, to help with market analysis and trade, yet the overall layout and feel are like that on MetaTrader 4, giving Namibian traders some familiarity.
Advanced order kinds, over 80 technical indicators, over 40 analytical objects, different charting/analytic choices, and more timeframes are among the additional features.
An improved trading experience with MT5 and an expanded selection of trading instruments in additional markets are available to BDSwiss customers.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Web
MetaTrader 4
BDSwiss’ innovative technology has converted the MetaTrader MT4 platform into a user-friendly trading platform for traders of all skill levels.
BDSwiss’ Forex MT4 offers Namibian traders all that they could need to start participating in forex and CFD trading.
Materials and tools are provided for studying the price dynamics of financial instruments, making trades, and amending them, as well as for designing and using automated trading algorithms (also known as Expert Advisors).
MetaTrader 5
The MT5 trading platform from BDSwiss provides Namibian traders with a lot more features than MetaTrader 4 does. The BDSwiss MT5 platform contains all the pioneering features of MT4, but it also offers more advanced trading tools and indicators that help traders to maintain more control over their trades and make better decisions based on new and comprehensive research.
BDSwiss Web
In-house BDSwiss WebTrader is a simple, fast, and reliable trading platform that can be used on any browser and operating system without the need for any other software.
Many tools and indications are available, as well as an order window that may be tailored to suit your needs. Additionally, BDSwiss App and MetaTrader 4 are fully interoperable, and BDSwiss Web is available in over 24 languages.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ BDSwiss Mobile
MetaTrader 4
Mobile trading using MetaTrader 4’s BDSwiss app gives Namibian traders unrestricted access to a broad variety of financial products. Different MetaTrader 4 functionalities and features have been enhanced for mobile trading from all over the globe.
MetaTrader 5
BDSwiss customers may now trade a wider choice of CFD instruments across several asset classes using the MT5 mobile app, which provides a better trading experience thanks to its adjustable settings, lack of strategy limits, reduced slippage, and lightning-fast order execution.
BDSwiss Mobile
Users of BDSwiss Mobile can effortlessly access, monitor, and manage their trading positions while on the go thanks to an easy user interface. The same market monitoring and trading tools that are available on the web-based platform are also available to Namibians
To make deposits and withdrawals, traders may use the trading account dashboard. There are no restrictions on the kind of assets that may be traded. The BDSwiss mobile app may be downloaded from the Android and iOS app stores.
BDSwiss Range of Markets
Namibian traders can expect the following range of markets from BDSwiss:
➡️ Forex
➡️ Commodities
➡️ Shares
➡️ Indices
➡️ Cryptocurrencies
Broker Comparison for Range of Markets
| AvaTrade | Exness | JustForex | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | Yes | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | Yes |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | No |
BDSwiss Trading and Non-Trading Fees
Spreads
The spreads charged by BDSwiss are dynamic, meaning they change based on the kind of account, the financial instrument, and the market conditions of the day. Investors in Namibia might expect to see the following spreads:
➡️ Classic Account – 1.5 pips EUR/USD
➡️ Premium Account – 1.1 pips EUR/USD
➡️ VIP Account – 1.1 pips EUR/USD
➡️ RAW Account – 0.3 pips EUR/USD
Commissions
Because of this, BDSwiss charges fees on some accounts and financial products. This list of fees varies by account type and should be considered by traders. Typical commissions that Namibian traders can expect include:
➡️ Classic Account – $2 on indices and 0.15% on shares
➡️ VIP Account – 0.15% on shares
➡️ RAW Account – $2 on indices, $5 on forex pairs, 0.15% on shares
Overnight Fees, Rollovers, or Swaps
When Namibian traders leave positions open after 24 hours, they are either debited or credited overnight fees. These are according to the financial instrument being traded, the position size, the holding time, and overall market conditions.
Some typical overnight fees that Namibian traders can expect, which are subject to change, include the following:
➡️ GBP/USD – a short swap of -0.7 and a long swap of -6.7
➡️ USD/JPY – a short swap of -10.8 and a long swap of 0.05
➡️ USD/HKD – a short swap of -8.5 and a long swap of -20.0
➡️ USOIL – a short swap of -23.0 and a long swap of -39.0
➡️ XAU/USD – a short swap of -3.5 and a long swap of -8.2
➡️ XAG/USD – a short swap of -0.05 and a long swap of -0.25
➡️ Stocks – a short swap of -2.0 and a long swap of -4.0
➡️ NAS100 – a short swap of -4.1706 and a long swap of -3.2694
➡️ Cryptocurrencies – short swaps of -100% and long swaps of -100%
Deposit and Withdrawal Fees
BDSwiss does not charge any fees for deposits except a charge of 10 EUR for any withdrawal that is less than 100 EUR.
Inactivity Fees
If a BDSwiss account is inactive for more than three months, BDSwiss imposes a 10% inactivity fee.
Currency Conversion Fees
It is necessary to pay currency conversion fees if deposits are made by Namibian traders in a currency other than the British pound, the euro, or the US dollar.
BDSwiss Deposits and Withdrawals
BDSwiss offers the following deposit and withdrawal methods:
➡️ Bank wire transfer
➡️ Debit Card
➡️ Credit Card
➡️ Skrill
➡️ Neteller
How to Deposit Funds with BDSwiss
To deposit funds to an account with BDSwiss, Namibian traders can follow these steps:
➡️ Choose the trading account that you want to fund by clicking on “Payments” followed by “Deposit.”
➡️ Indicate the amount that you want to deposit.
➡️ Choose your deposit method and click on “Proceed to Pay”
➡️ Confirm your deposit details and follow any additional instructions according to your chosen payment provider.
BDSwiss Fund Withdrawal Process
To withdraw funds from an account with BDSwiss, Namibian traders can follow these steps:
➡️ Log into your BDSwiss profile and select “Payments” followed by “Withdraw.”
➡️ Select the account from where you want to withdraw funds along with the amount to be withdrawn.
➡️ Proceed to the next step that allows you to choose your preferred withdrawal method, considering that BDSwiss could require additional proof that the account is in your name.
➡️ Consider that before you can use any other payment method, funds must first be withdrawn through Credit Card or Skrill if you used these payment methods to fund your account.
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 195 NAD
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Trading Fees
Account Activation
BDSwiss Education and Research
Education
BDSwiss offers the following Educational Materials:
➡️ A learning centre
➡️ Forex eBooks
➡️ Live Education
➡️ Forex Basic Lessons
➡️ Forex Glossary
➡️ Educational Videos
➡️ Seminars
BDSwiss offers Namibian traders the following Research and Trading Tools:
➡️ Daily Analysis of the markets
➡️ Technical Analysis
➡️ VPS Service
➡️ Trade Comparison
➡️ Trend Analysis
➡️ Daily Videos
➡️ Weekly Outlook
➡️ Market Insights
➡️ Special Reports
➡️ Analyst financial commentary
➡️ Live Daily Webinars
➡️ Economic Calendar
➡️ Trading Central
➡️ AutoChartist
➡️ Real-Time Trading Alerts
➡️ Currency Heatmap
➡️ Trading Calculators
BDSwiss Bonuses and Promotions
BDSwiss does not currently offer Namibian traders any bonuses.
How to open an Affiliate Account with BDSwiss
To register an Affiliate Account, Namibians can follow these steps:
➡️ Navigate to the official BDSwiss website and navigate to the “Partners” tab on the homepage, at the top of the main menu.
➡️ A new page will load to the Partner Page where prospective affiliates can select “Start Now.”
➡️ Affiliates can choose their preferred program and click on “Register.”
➡️ Next, affiliates can complete the registration form and submit it to BDSwiss’ customer support.
BDSwiss Affiliate Program Features
Members of the BDSwiss network may have a substantial online presence, such as a blog, social media account, Forex educational centre, or other digital media. The affiliate program allows you to earn money while advertising BDSwiss’ goods and services to your intended audience.
Affiliates may promote BDSwiss using a range of marketing and tracking methods. To benefit from the affiliate’s impact, partners must be aware of BDSwiss affiliate commission options.
BDSwiss offers its associates the following perks:
➡️ High conversion rates (37%), speedy referral onboarding, specialist contact centres, and several local and international payment methods all contribute to its success.
➡️ Multi-product solutions include over 250 CFDs and assets from several asset classes. Multi-award-winning platforms are accessible on many devices.
➡️ 100% response rate in 13 seconds or less. Affiliate managers and VIP account managers are available.
➡️ BDSwiss delivers independent mobile traffic monitoring, speedy and detailed reporting performance, and other features.
BDSwiss Customer Support
BDSwiss is well-known for its award-winning customer support that can be reached over several communication channels.
BDSwiss Corporate Social Responsibility
BDSwiss is a firm devoted to social responsibility. BDSwiss does this by instilling philanthropic values in employees and establishing a culture that supports important global and local initiatives focused on positive change.
As part of their CSR initiatives, BDSwiss gave €5,000 to the “Elpida” Foundation for Children with Cancer & Leukaemia in December 2021. This kind of contribution helped the hospital provide financial and emotional assistance to cancer patients and their families.
On December 10, 2021, BDSwiss sponsored a blood donation drive in Limassol as part of its ongoing corporate social responsibility. BDSwiss employees, colleagues, friends, and family members donated blood and organized the camp.
Verdict on BDSwiss
BDSwiss is a multi-regulated and award-winning broker offering a wide selection of trading products. BDSwiss has won various industry accolades for its effective operating and trading technology investments.
The proprietary trading app and overall trade execution are both highly praised by BDSwiss, indicating its sustainable trading conditions. Investors of all types will find value in BDSwiss’ solutions thanks to a well-rounded platform that focuses on great execution and affordable pricing.
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 195 NAD
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Trading Fees
Account Activation
BDSwiss Pros and Cons
| ✔️ Pros | ❌ Cons |
| Namibians can trade more than 250 financial instruments with BDSwiss | There is an inactivity fee charged on dormant accounts |
| BDSwiss is well-regulated and guarantees client fund security | There is a currency conversion fee when Namibian traders deposit or withdraw in NAD |
| Free VPS is available to eligible clients | There is no NAD-denominated account offered to Namibian traders |
| There are daily trading alerts that keep Namibian traders updated on daily market movements | The proprietary trading platform does not have a desktop terminal |
| There are free webinars offered to beginner traders along with a comprehensive trading academy | |
| There are commission-free trading options offered | |
| There is a choice between trading accounts | |
| BDSwiss offers a transparent fee schedule on trading and non-trading fees |
Frequently Asked Questions
Is BDSwiss regulated?
Yes, BDSwiss is regulated by one Tier-1, one Tier-2, and two Tier-3 market regulators namely BaFIN, CySEC, FSA, and FSC, respectively.
Does BDSwiss have Volatility 75?
No, BDSwiss does not offer Volatility 75. However, BDSwiss offers a wide range of other indices that can help Namibian traders diversify their investment and trading portfolio.
Is it easy to withdraw funds from BDSwiss?
Yes, it is easy to withdraw funds from BDSwiss because there are several payment methods supported.
Does BDSwiss have Nasdaq?
Yes, BDSwiss offers NAS100 that can be traded from 0.01 points per lot with zero commissions and a margin requirement of 1%.
How long do withdrawals take with BDSwiss?
All withdrawals are processed within 48 hours. Depending on the withdrawal method you chose it could take from a day up to 10 days for funds to reflect in your bank account.
Is BDSwiss good for beginners?
Yes, in terms of ease of use and educational materials, BDSwiss is an excellent choice for novice traders. However, certain costs with the Classic account are hefty.
For more experienced traders, VIP and Raw accounts provide better pricing and access to more complex tools.
Conclusion
Now it is your turn to participate:
➡️ Do you have any prior experience with BDSwiss?
➡️ What was the determining factor in your decision to engage with BDSwiss?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with BDSwiss such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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