In the following we will discuss our BDSwiss experiences. This has shown that the broker has a very extensive range of trading options. For example, in addition to stock indices, commodities and currency pairs, you can also trade in crypto currencies. We particularly liked the low spreads of the broker. This gives you the opportunity to choose between three different account models in order to find the most favourable fee model for you. We also liked the multilingual customer support (also by telephone) and the very extensive training offer.
CFD trading offer: large selection of tradable underlying assets
The first thing we did for our BDSwiss test was to take a closer look at the broker’s trading offer. Overall, we found that many traders focus on trading stock indices such as the DAX or on trading currency pairs such as the Euro/US dollar (EUR/USD). Nevertheless, it is good if one of the brokers can offer a variety of tradable underlyings. After all, this enables you to diversify your portfolio and thus broaden your horizons. In the following we will therefore examine what BDSwiss has to offer in this respect.
Overview of the BDSwiss trading offer
Our BDSwiss test has shown that the following underlying assets are available for trading with the CFD Broker:
- Forex (currencies): BDSwiss allows you to trade with more than 50 currency pairs. All major currency pairs are available as well as some minor currency pairs and exotic currency pairs. Examples include the Euro/US dollar (EUR/USD), US dollar/Japanese yen (USD/JPY) and Australian dollar/New Zealand dollar (AUD/NZD).
- Stock indices: BDSwiss also offers more than ten indices for CFD trading. These include important European share indices such as the DAX or American indices such as the Dow Jones or the Nasdaq Index.
- Stocks: In addition to trading in share indices, BDSwiss also offers the possibility of trading in 140 shares. These include well-known companies such as Amazon, Google, Apple and Microsoft.
- Commodities and precious metals: If you wish, you can also trade gold, oil and natural gas as CFDs at BDSwiss.
- Crypto currencies: As a trader at BDSwiss you also have the opportunity to trade in crypto coins such as Bitcoin (BTC), Ethereum (ETC) and Lite Coin (LTC). A total of 15 crypto currencies are available for this purpose. Trading with Crypto Coins, for example, has the advantage of being able to trade around the clock (24/7) and thus also on weekends.
As you can see, at BDSwiss you can fall back on a large number of tradable underlying assets for CFD trading. The broker offers the largest selection in foreign exchange and indices. Overall, we can therefore rate the broker in this area very highly.
Large selection of different underlying instruments for CFD trading
The focus is on currency trading (over 50 currency pairs) and trading with stock indices (over ten indices)
If you want, you can also trade crypto currencies such as Bitcoin or Ethereum at BDSwiss
- Large selection of different underlying instruments for CFD trading
- The focus is on currency trading (over 50 currency pairs) and trading with stock indices (over ten indices)
- If you want – you can also trade crypto currencies such as Bitcoin or Ethereum at BDSwiss
BDSwiss CFD experience with trading conditions: favourable variable spreads available
Next, we took a closer look at the trading conditions of BDSwiss. In principle, the costs and fees of a CFD broker can be divided into three groups:
- Fees that are incurred for each individual trade (for example, through the spread or commissions)
- Costs for disbursements
- Other costs and fees
Our BDSWiss experience with spreads
In our experience, as a trader you should pay particular attention to the costs that are incurred with every trade. Mostly these fees are charged in the form of the spread. This means the difference between the purchase price and the selling price. The broker has various possibilities to shape the spread:
- Fixed spreads.
- Variable spreads
- Variable spreads with commissions
The easiest to understand is usually the fixed spread. The level of this type of spread is unchangeable – this also applies when the market is unsettled. The situation is different with a variable spread, however: Here, normally only a minimum level is entered. However, the spread can widen upwards, depending on the market situation. However, variable spreads offer the advantage that they are usually cheaper than fixed spreads. For this reason, in our experience many traders prefer this type of spread. This is probably why BDSwiss has also decided to use variable rather than fixed spreads.