Almost every forex broker offers multiple account types. That is mainly to offer convenience to its traders and attract newcomers to choose according to their requirements. These types are distinguished by the features they offer. Some of them are for experienced traders, while others are aimed at beginners.
The same can be said for BDSwiss, a popular forex broker offering four different account types. But, what is the difference between them? Let’s discuss that in this review of BDSwiss live trading accounts.
BDSwiss Account Types – A Detailed Guide
First things first, BDSwiss is a well-known Forex broker founded in 2012. It is a certified brokerage company under the name BDSwiss Holding PLC. It is regulated by CySEC (Cyprus Securities and Exchange Commission).
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Based in Switzerland, the broker is also supervised by many other entities. These include FSA, FSC Mauritius, BaFin, and NFA. Due to these regulations, it is a safe broker to trade with.
With that said, let’s review the different account types of BDSwiss.
- BDSwiss Classic
The classic account is equivalent to the Standard that all brokers offer. Usually, this type is suitable for both new and intermediate traders. The same can be said for the BDSwiss Classic.
The minimum deposit is $100, with spreads as low as 1.6 pips. It has 24/5 support and also provides educational material, such as a training academy and live webinars. You get to learn a lot from them and improve your trading techniques.
Moreover, the classic account comes with daily analysis and tools to understand market trends. You also get limited access to alerts and autochartist. - BDSwiss VIP
BDSwiss the equivalent to a pro account which is targeted towards experienced traders only. It packs the classic features but takes them one step higher. It has a minimum deposit requirement of $3,000 and offers spreads as low as 1.1 pips.
The commission is zero, while the enhanced additions include priority services and premium tools for trend analysis. Even better, you now get VIP trading alerts via Telegram.
If you have multiple accounts, you can also use their personal account manager, which is really helpful. - BDSwiss Raw
Almost every broker offers a Raw account where the spreads are minimized. The same is the case for the BDSwiss Raw account type, which requires an initial deposit of $5,000 with 0.0 spreads.
In terms of features, it is not much different than the VIP account types. It packs all the features previously discussed as its main focus is on spreads.Visit Here: newspulsee.com
Which BDSwiss Account is the Best?
The question comes down to which one wins the competition. Well, there is no competition as all account types vary a lot from each other.
BDSwiss Classic account is good for beginners, while the VIP is for intermediate and experienced traders. Similarly, the Raw account can be considered ideal for advanced traders.
To decide which one is for you, it is best to understand your expertise and requirements.
Conclusion
It is safe to say that BDSwiss cares about their traders, and these different account types are evidence for that. You can get started with a free demo account, understand the broker’s conditions, then shift to the right account. This way, you can save money and ensure better trades!
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