Best Forex Brokers in Vietnam
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BDSwiss Review
BDSwiss Review Vietnamese traders can trade over 250 CFDs across financial markets with BDSwiss. BDSwiss offers a range of trading tools and easily tested pay-outs with its lucrative revenue share affiliate program with a 36% conversion rate.
- Lesche Duvenage
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
- 4.7/5
Min Deposit
USD 10 / 244450 VND
Regulators
FSC, FSA, FSCA
Trading Desk
MetaTrader 4
MetaTrader 5
Crypto
Yes
Total Pairs
83
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
BDSwiss is a financial services company based in Limassol, Cyprus. BDSwiss is a popular choice for Vietnamese traders seeking a brokerage aligned with their financial goals.
With a global presence, BDSwiss has expanded beyond Cyprus to major financial centers like Berlin, demonstrating its international recognition and systematic growth.
Furthermore, Vietnamese investors value brokers with comprehensive educational resources and user-friendly interfaces. BDSwiss rated 4 out of 5 for ease of use, offers an accessible trading platform, and a policy of not offering bonuses, reflecting its commitment to transparency.
BDSwiss also supports Vietnamese traders around the clock, except on weekends, to meet the needs of traders across different time zones.
In addition, BDSwiss has received accolades such as “Best FX & CFD Provider” and “Best Trading Conditions” from the World Finance Magazine Awards, demonstrating its excellence and trust among Vietnamese traders.
BDSwiss’ compliance with regulations across multiple jurisdictions, including the Mwali International Services Authority, demonstrates its commitment to diligence in today’s volatile trading environment.
Overall, BDSwiss caters to a diverse clientele, offering support for Vietnamese traders of all levels, including beginners and experienced professionals.
How long has BDSwiss been operating?
BDSwiss has provided financial services since its inception in 2012.
What separates BDSwiss from other brokers?
BDSwiss stands out for its dedication to transparency, regulatory compliance, and extensive educational materials and trading tools.
BDSwiss at a Glance
| 📊 Year Founded | 2012 |
| ⚖️ Regulation | CySEC, FSC, FSA, BaFin, Mwali International Services Authority |
| 🏛 Ease of Use Rating | 4/5 |
| 💰 Bonuses | None |
| 🌎 Support Hours | 24/5 |
| 📱 Trading Platforms | MetaTrader 4, MetaTrader 5, BDSwiss Web, BDSwiss Mobile |
| 📈 Account Types | Cent, Classic, VIP, Zero Spread, Islamic, Demo |
| 💰 Base Currencies | ZAR, USD, EUR, GBP, VND, etc. |
| 📊 Starting spread | From 0.0 pips EUR/USD |
| 📊 Leverage | 1:2000 |
| ✔️ Currency Pairs | 53; Minor, Major, and Exotic Pairs |
| 💳 Minimum Deposit (GHS) | 250,000 VND ($10) |
| 📉 Inactivity Fee | Yes, 10% after 3 months |
| 📱 Website Languages | English, Czech, German, Italian, Spanish, Korean, French, Norwegian, Polish, Danish, Arabic, Malaysian, Thai, Vietnamese, Filipino, Hindi, Indonesian, Chinese, Portuguese, Romanian, Turkish, Russian |
| 💰 Fees and Commissions | Spreads from 0.0 pips, commissions from $2 on Indices |
| ✔️ Affiliate Program | Yes |
| 🔎 Banned countries | The United States, Belgium, and other OFAC-sanctioned regions |
| ✔️ Regional Restrictions | USA, American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Marshall Islands, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, Martinique, US Virgin Islands, and the United States Minor Outlying Islands, Canada, Curaçao, Cuba, Sint Maarten, Falkland Islands, Uruguay, Australia, New Zealand, Vanuatu, North Korea, Malaysia, Singapore, Aland Islands, Andorra, Austria, Belarus, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Italy, Ireland, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Netherlands, Poland, Portugal, Romania, Russia, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Vatican City, Seychelles, Sudan, South Sudan, Réunion, Iraq, Iran, Israel, Syria, Yemen, Palestinian Territory |
| 📉 Scalping | Yes |
| 📈 Hedging | Yes |
| 💻 Tradable Assets | Forex, Commodities, Shares, Indices, Cryptocurrencies |
| 👉 Open Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in Vietnam
BDSwiss is not regulated by the State Bank of Vietnam (SBV). However, BDSwiss’ global regulations are listed in the table below.
BDSwiss Global Regulations
| 📱Registered Entity | 🌎Country of Registration | ✔️Registration Number | 🔎Regulatory Entity | 📊Tier | 💳License Number/Ref |
| BDS Markets | Mauritius | – | FSC | 3 | 199/13 |
| BDS Ltd | Seychelles | – | FSA | 3 | C116016172 |
| BDSwiss GmbH | Germany | – | BaFin | 1 | 10134687 |
| BDS Holding PLC | Cyprus | – | CySEC | 2 | SD047 |
BDSwiss Protection of Client Funds
| 🔎Security Measure | 📱Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | No |
| Compensation Amount | None |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | Yes |
Does BDSwiss give Vietnamese traders legal paperwork for their investments?
Yes. BDSwiss offers legal papers outlining the terms and conditions of investments to all traders, including those from Vietnam.
How does BDSwiss handle financial reporting in Vietnam?
BDSwiss adheres to global financial reporting standards intended to be dependable and transparent for all its clients, including those in Vietnam.
Awards and Recognition
While examination of BDSwiss, we have noticed the following collection of accolades that they have recently obtained:
- The 2023 Mindanao Traders Expo bestowed the Broker of the Year distinction on BDSwiss.
- The Best FX Educational Broker award was given to BDSwiss at the 2023 HQMena Awards.
- BDSwiss was honored at the 2023 UF Awards for its outstanding global partnership program.
- BDSwiss was recognized by the UF Awards in 2024 as the preeminent provider of education and research in the LATAM region.
- Becoming the Most Innovative Broker in LATAM, BDSwiss received an award at the UF Awards in 2024.
- Best IB Program was the honor bestowed upon BDSwiss at the 2024 HQMena Awards.
BDSwiss Account Types
| 💻 Live Account | 📉 Minimum Dep. | 👉 Open Account | 💻Platforms | 💸 Leverage |
| 💻 Cent | 250,000 VND | 👉 Click Here | All | 1:2000 |
| 💻 Classic | 250,000 VND | 👉 Click Here | All | 1:2000 |
| 💻 VIP | 6.1m VND | 👉 Click Here | All | 1:2000 |
| 💻Zero Spread | 2.5m VND | 👉 Click Here | All | 1:2000 |
Demo Account
The BDSwiss Demo Account is a valuable tool for Forex and CFD traders, offering a simulated trading experience with a virtual capital of 100,000€/$/£. It allows Vietnamese traders to practice their skills, familiarize themselves with the platform, understand market trends, and gain confidence in trading.
For Vietnamese traders considering live trading, the Demo Account provides an in-depth exploration of the platform’s features, real-time analysis tools, and tailored educational resources without risking losing money.
Furthermore, the account also showcases BDSwiss’ commitment to trader education and growth, offering market analysis articles and expert webinars.
This comprehensive approach equips Vietnamese traders with the knowledge and confidence to enter the market successfully, making it particularly valuable for beginners and seasoned market participants.
Cent Account
The BDSwiss Cent Account is an excellent starting point for Vietnamese traders new to trading. It provides a doorway to numerous markets, such as Forex and CFDs, making it simple for beginners to get started.
With features like 1:2000 leverage and micro lot trading, it helps to reduce financial risks while getting a true sense of the market.
Furthermore, its modest initial investment requirement of 250,000 VND ($10) allows Vietnamese beginners to take a cautious approach, and the availability of training resources assists in skill development.
Classic Account
The BDSwiss Classic Account is an excellent choice for experienced Vietnamese traders. It finds a balance between cost efficiency and broad market access.
With low spreads from 1.3 and a decent leverage of 1:2000, it is suitable for routine trading across various instruments. The lack of deposit or withdrawal fees on credit cards adds to the Classic Account’s appeal.
Zero Spread Account
The BDSwiss Zero Spread Account is designed for Vietnamese traders focusing on day trading and scalping. It has extremely low spreads, from 0.0 pips on popular pairings like EUR/USD, making it perfect for frequent traders or those that trade in huge volumes.
With reasonable commissions from $6 on forex and commodities, the Zero Spread account is ideal for Vietnamese traders who want to add a competitive edge while keeping trading costs low.
VIP Account
Seasoned traders in Vietnam can choose the BDSwiss VIP Account, which provides a better trading experience with narrower spreads for heavy volume trading.
The BDSwiss VIP Account includes advanced features like as professional account managers and sophisticated trading tools, which enhance the trading experience.
With a starting leverage of 1:2000 and a vast range of tradable assets, it is ideal for Vietnamese traders seeking a more complex trading platform to boost their potential profits while keeping capital secure using several risk management tools like stop-loss orders.
Islamic Account
BDSwiss offers an Islamic account for Vietnamese traders, aligning with Sharia Law and providing a swap-free trading environment.
This account is designed to avoid overnight fees and maintain transparency and equity throughout the trading journey.
However, access to the account is restricted to individuals who adhere to the Islamic faith and should be requested solely on religious grounds. Furthermore, BDSwiss can request proof of religious affiliation to ensure the account’s usage aligns with its intended purpose.
What are the perks of a VIP account?
The VIP Account offers advanced features such as professional account managers and complex trading tools, making it ideal for experienced traders seeking increased trading capabilities.
What account type has the tightest spreads?
The Zero Spread Account has incredibly low spreads, beginning at 0.0 pips on prominent currency pairings such as EUR/USD.
How to open a BDSwiss Account – Step by Step
To register and set up a live account.
Step 1 – Go to the website and select “Sign Up”.
“Sign Up” can be found under the blue sign-up button on the homepage.
Step 2 – Complete the online application and registration
To complete the registration process provide the personal details as requested and verify your profile with the verification number sent to your phone.
Step 3 – Verify your account
This is a mandatory step. Submit all requested documents to BDSwiss for verification purposes.
How long does it take to authenticate a BDSwiss Account?
Account verification usually takes a few business days, depending on the number of applications and the accuracy of the provided documents.
Can I create numerous accounts with BDSwiss?
No, BDSwiss only allows one account per trader to provide transparency and prevent platform abuse.
Broker Comparison
| 🥇 BDSwiss | 🥈 Saxo Bank | 🥉 PrimeXBT | |
| ⚖️ Regulation | CySEC, FSC, BaFIN, FSA, Mwali International Services Authority | Danish FSA, Danish FSA in UAE, Danish FSA in Brazil, Danish FSA in Czech, FCA, MAS, FINMA, CONSOB, Japan JFSA, Hong Kong FSC, ASIC, Dutch Central Bank and Authority for Financial Markets in the Netherlands, National Bank of Belgium and Financial Services and Market Authority, Banque de France and Autorite Marche Financial | None; licensed in Seychelles and The Marshall Islands |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web | • SaxoTraderGO • SaxoTraderPRO | PrimeXBT |
| 💰 Withdrawal Fee | No | No | Yes |
| 📊 Demo Account | Yes | Yes | Yes, with contests |
| 📈 Minimum Deposit | 254,000 VND ($10) | 0 VND ($0) | 1.6 million VND (0.001 BTC) |
| 📊 Leverage | Up to 1:2000 | 1:30 | 1:1000 |
| 📊 Spread | From 0.0 pips | From 0.4 pips | From 0.05% |
| 💰 Commissions | From $2 | From $0 on Mutual Funds | 0.05% |
| ✴️ Margin Call/Stop-Out | 50%/20% | Flexible | Flexible |
| 💻 Order Execution | Instant/Market | Market | Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | • Cent Account • Classic Account • VIP Account • Zero Spread Account | • Classic Account • Platinum Account • VIP Account | Live Account |
| ⚖️ SBV Regulation | No | No | No |
| 💳 VND Deposits | Yes | No | No |
| 📊 Vietnamese Dong Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 4 | 3 | 1 |
| ☪️ Islamic Account | Yes | No | No |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots | Flexible | Flexible |
| 💰 Minimum Withdrawal Time | Instant | Instant | Instant |
| 📊 Maximum Estimated Withdrawal Time | Within 24 hours | Up to 5 days | Depends on the payment method – a few minutes to 48 hours |
| 💸 Instant Deposits and Instant Withdrawals? | Yes | Yes, deposits | Yes |
BDSwiss Deposit & Withdrawal Options
| 💳 Payment Method | 🌎 Country | 💴Currencies Accepted | ⏱️Processing Time |
| 💰Credit/Debit Card | All | EUR, GBP, USD | Instant Deposits, Withdrawals in 24 hours |
| 🪙 Electronic Funds Transfer (EFT) | South Africa | ZAR | Instant Deposits, Withdrawals in 24 hours |
| 💳 Korapay | Nigeria | NGN | Instant 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 Togo | ZAR, KES, GHS, TZS, XOF, UGX | Instant Deposits, Withdrawals in 24 hours |
| 💸 Electronic Wallets (GCash, Pay Maya, etc.) | Thailand, Indonesia, Philippines, Ghana, Malaysia | THB, IDR, PHP, GHS, MYR | Instant Deposits, Withdrawals in 24 hours |
| 🪙Pix | Brazil | BRL | Instant Deposits, Withdrawals in 24 hours |
| 💰Beeteller | Brazil, Chile, Colombia, Costa Rica, Mexico, Peru, Guatemala | BRL, CLP, COP, CRC, MXN, PEN, GTQ, USD | Instant Deposits, Withdrawals in 24 hours |
| 💳 Cryptocurrency Wallets | All | BTC, BCH, ETH, PAX, TUSD, USDT, USDC, LTC, XRP, DASH, ZCASH, ADA | Instant Deposits, Withdrawals in 24 hours |
Deposits
How to Deposit using Bank Wire Step by Step
➡️Log in to your BDSwiss account and navigate to the ‘Deposits’ area.
➡️Choose ‘Bank Wire Transfer’ from the available deposit methods.
➡️Provide the deposit amount and any further information as needed.
➡️Take note of the BDSwiss bank information supplied, such as the bank name, account number, and SWIFT/BIC code.
➡️Use this banking information to wire transfer via your online banking platform or visit your bank.
➡️Keep a record of the transaction confirmation or reference number supplied by your bank, as you may need it for proof of transfer or tracking purposes.
How to Deposit using Credit or Debit Card Step by Step
➡️Access your BDSwiss account and navigate to the ‘Deposit’ area.
➡️Select ‘Credit/Debit Card’ as your deposit method.
➡️Enter your card information, including the number, expiration date, and CVV code.
➡️Specify the amount you intend to deposit.
➡️Authenticate the transaction by performing any necessary security verification processes.
➡️Confirm and finish the transaction.
How to Deposit using Cryptocurrency Step by Step
➡️Sign in to your BDSwiss account and click ‘Deposit,’ then ‘Cryptocurrency Wallets.’
➡️Choose the coin you want to deposit with.
➡️Enter the amount in your account’s base currency.
➡️BDSwiss will give a unique deposit address or QR code for the transaction.
➡️Go to your crypto wallet and begin a transfer to the BDSwiss address, or scan the QR code.
➡️Confirm the amount and complete the transaction.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
➡️Access your BDSwiss account and navigate to the ‘Withdrawal’ area.
➡️Select e-wallets from the list of withdrawal choices.
➡️Choose your e-wallet service from the alternatives presented.
➡️Input the email or account information linked with your e-wallet.
➡️Specify the amount you intend to withdraw.
➡️Confirm and submit the withdrawal request.
Does BDSwiss give any deposit bonuses?
BDSwiss does not provide deposit incentives as part of its commitment to transparency and fair trade practices.
Does BDSwiss set any withdrawal limits?
No, BDSwiss does not set explicit withdrawal limitations. However, Vietnamese traders should know the minimum withdrawal amount and associated transaction costs.
BDSwiss Trading Platforms and Software
We tested and explored BDSwiss’ platforms and software using a demo account. Below we give Vietnamese a run-down on what they can expect when they trade using these innovative platforms.
MetaTrader 4
One of the most popular options for online trading is still MetaTrader 4, made available to Vietnamese traders through BDSwiss.
MT4 is renowned for its strong functionality, including automated trading features, a wide range of technical indicators, and thorough charting capabilities.
With BDSwiss MT4, Vietnamese traders can easily tailor their trading environment to suit their tactics, using the platform’s interoperability with various BDSwiss products, including indices, commodities, and Forex.
BDSwiss Web
Vietnamese traders looking for efficiency and simplicity in their trading operations prefer using BDSwiss Web. This platform does not require downloads or installs because it runs through web browsers.
BDSwiss Web is especially useful for traders who prefer not to use specialized trading software. BDSwiss Web’s intuitive interface guarantees a seamless trading experience by offering various features and tools for rapid execution speeds and real-time market analysis.
In addition, the BDSwiss web-based platform is compatible with all the account types that BDSwiss offers, including the VIP and Zero Spread accounts, so Vietnamese traders can use it regardless of the account type they choose.
BDSwiss Mobile
The BDSwiss Mobile app provides a comfortable trading experience for traders on the go. With the freedom to monitor markets and execute trades from any location, this mobile solution serves the needs of contemporary Vietnamese traders.
Furthermore, all major features of the web-based platform are integrated into the app, including access to educational materials, comprehensive charting, trading functionality, and analytical tools.
With this innovative and portable solution, Vietnamese traders can easily stay connected to international financial markets and react quickly to market changes regardless of where they are, given they have a stable internet connection.
MetaTrader 5
Vietnamese traders have untethered access to a sophisticated multi-asset platform with MetaTrader 5 with a BDSwiss account. MT5 adds new pending order kinds, improved graphical tools, and more timeframes while keeping all of the functionality of its predecessor.
Because MT5 can process more data and execute transactions more quickly, it is an excellent option for Vietnamese traders interested in the newest technology developments.
Furthermore, Vietnamese traders can use MetaTrader 5 with BDSwiss to easily manage various portfolios, such as CFDs for stocks, commodities, and cryptocurrencies.
Are BDSwiss’ trading systems user-friendly?
Yes, BDSwiss trading platforms are developed with user-friendly interfaces and powerful functionality, assuring a smooth trading experience for Vietnamese traders, whether they are novices or seasoned experts.
Are the BDSwiss trading platforms compatible with various devices?
Yes, BDSwiss trading platforms are compatible with various devices, including PCs, laptops, smartphones, and tablets, allowing Vietnamese traders to access their accounts and trade across several platforms easily.
Trading Instruments & Products
BDSwiss offers the following trading instruments and products:
- Forex – BDSwiss offers Vietnamese traders a wide range of 53 currency pairs in major, minor, and exotic categories, catering to various trading preferences, allowing them to participate in the world’s largest financial market with significant liquidity and 24/5 trading availability.
- Commodities – BDSwiss offers six commodities, allowing Vietnamese traders to diversify their portfolios with products such as precious metals and energy resources, acting as a hedge against inflation and currency depreciation.
- Shares – Vietnamese traders can trade CFDs on 128 shares with BDSwiss, giving them access to some of the world’s most well-known technology, finance, and consumer goods firms.
- Indices – With 14 indices available, BDSwiss allows Vietnamese traders to acquire exposure to several sectors of the global economy or the broader market without dealing with individual equities.
- Cryptocurrencies – BDSwiss provides a comprehensive range of 27 cryptocurrency CFDs, allowing Vietnamese traders to participate in the dynamic and often turbulent digital currency market, including popular options such as Bitcoin, Ethereum, and various altcoins.
Can I trade commodities using BDSwiss?
Yes, BDSwiss trades six commodities, including precious metals and energy resources, allowing Vietnamese investors to hedge against inflation and diversify their portfolios.
Can I get real-time market data for trading instruments on BDSwiss?
Yes, BDSwiss provides real-time market data, including price quotes, charts, and trading volumes, allowing Vietnamese traders to make more educated trading decisions.
Spreads and Fees
Spreads
BDSwiss charges variable spreads and are subject to fluctuations in response to market conditions.
Furthermore, because of narrower spreads, trading popular currency pairs is more affordable for traders in Vietnam. Less liquid instruments, however, tend to have wider spreads, which would increase the cost of trading.
With specific account types, like the Zero Spread account, Vietnamese traders can benefit from spreads as low as 0.0 pips for key currency pairings, creating a competitive atmosphere for both short- and long-term strategies.
Commissions
Vietnamese traders can expect a transparent commission structure from BDSwiss that matches the services rendered. Furthermore, the type of BDSwiss account and the transacted assets determine the commission rates.
BDSwiss offers commission-free trading on Forex on the Cent, Classic, and VIP Accounts but charges commissions of $2 on indices and 0.15% on all shares. Furthermore, the Zero Spread account has commission fees applied on Forex ($6), Commodities ($6), Indices ($2), and Shares (0.15%).
Overnight Fees
Vietnamese traders must note that overnight fees apply when positions remain open. These fees can be credited or debited by BDSwiss, depending on whether Vietnamese traders hold a long (buy) or short (sell) position.
Furthermore, other metrics that determine these fees include the instrument being traded and the duration of the position. While Muslim traders can register a Swap-Free account, they should note that holding fees will apply on positions held longer than 10 days.
Deposit and Withdrawal Fees
To make things easier for Vietnamese traders, BDSwiss does not charge fees for payment methods to transfer and receive money. This approach makes it easier to manage funds and non-trading costs.
However, Vietnamese traders should check with their local bank or payment service to see if there are any fees for these transfers.
Inactivity Fees
Traders inactive for a long time may be subject to BDSwiss Inactivity Fees. If there is no trading activity for three months, a fee of 10% of the account balance will be charged.
Therefore, traders are encouraged to maintain regular trading activity or withdraw funds to avoid incurring fees during inactivity.
Currency Conversion Fees
Vietnamese traders on BDSwiss might be subject to currency conversion fees if they choose to trade or fund their accounts in a currency that is not the account’s base currency.
These fees encompass the conversion of funds into the account’s designated currency. They may impact the overall transaction cost, particularly for traders engaged in global markets with multiple currencies.
Luckily, BDSwiss offers VND-denominated accounts and several payment methods that accept VND as a deposit and withdrawal currency, exempting traders from these conversion fees.
Are there any deposit or withdrawal fees with BDSwiss?
BDSwiss does not impose deposit fees for most payment options. However, Vietnamese traders should know that some payment methods may incur withdrawal fees or have certain withdrawal limitations.
How are the spreads and fees computed on BDSwiss?
Spreads and fees on BDSwiss are determined using market conditions, trading account type, and the financial instrument being traded. The platform’s interface provides Vietnamese traders with real-time spread and commission information.
Leverage and Margin
BDSwiss offers Vietnamese traders dynamic leverage tailored to their positions, allowing them to open positions exceeding their initial deposits.
This feature is particularly beneficial for those who want to expand their investments across various markets, particularly in Forex majors with high liquidity and manageable volatility.
However, Vietnamese traders must understand BDSwiss’ margin requirements, determining the capital needed to open and maintain a position.
Margin close-out rules are crucial for protecting against negative balances and ensuring protection against market gaps and unforeseen events.
BDSwiss can adjust available leverage during significant economic announcements, limiting it to a maximum of 1:200 to minimize risks from increased market volatility.
Vietnamese traders should stay updated on these adjustments, as they can impact their trading strategies and position management.
How does leverage impact my trading on BDSwiss?
Because leverage magnifies possible earnings and losses, Vietnamese traders should exercise caution and carefully examine their risk management measures when trading on BDSwiss.
Can I adjust my leverage level on BDSwiss once I register an account?
Yes, BDSwiss allows Vietnamese traders to alter their leverage levels at any time via the platform’s account settings, giving them the flexibility to respond to shifting markets and trading tactics.
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Educational Resources
BDSwiss offers the following educational resources:
- Forex Glossary – BDSwiss provides Vietnamese traders with a comprehensive Forex Glossary, covering essential terms and concepts for navigating the forex market. This resource is essential for new and experienced traders, enhancing their understanding of market analysis and trading communications making it a must-have for traders.
- Educational Videos – BDSwiss’ Educational Videos provide a comprehensive visual learning experience covering various topics, including platform tutorials and advanced trading strategies. These are particularly beneficial for Vietnamese traders who appreciate visual learning and step-by-step instructions.
- Seminars – BDSwiss provides seminars on market analysis and trading techniques. It benefits Vietnamese traders seeking to enhance their knowledge and connect with experienced industry peers, providing a broader understanding of global market trends.
- Learning centers – BDSwiss provides Learning Centres for Vietnamese traders, offering a structured learning path with various educational materials tailored to their skill levels, enabling them to access content that enhances their trading knowledge.
- Live Education – The platform’s Live Education feature provides Vietnamese traders with real-time trading sessions and webinars, enabling them to observe strategies in real market conditions providing valuable practical demonstrations and insights into market dynamics.
- Forex Basic Lessons – Forex Basic Lessons offer a comprehensive introduction to the forex market, covering currency pairs, market analysis, and trading mechanics, providing Vietnamese traders with a strong foundation for developing their trading skills.
- Forex eBooks – BDSwiss provides a variety of Forex eBooks for Vietnamese traders, catering to beginners and those interested in complex strategy discussions. These eBooks allow Vietnamese traders to learn at their own pace, enhancing their market knowledge and refining their trading strategies.
Are instructional resources for BDSwiss accessible in Vietnamese?
Yes, BDSwiss provides instructional resources in Vietnamese, assuring accessibility and comprehension for Vietnamese traders looking to expand their knowledge of financial markets and trading tactics.
Are there any advanced instructional materials for experienced traders on BDSwiss?
Yes, BDSwiss provides extensive training materials on technical analysis, advanced trading methods, and risk management approaches, responding to Vietnamese traders’ different needs and preferences to improve their abilities and experience.
Bonuses and Promotions
We conducted extensive research and found that the forex trading environment in Vietnam is dynamic and presents significant prospects for Introducing Brokers that establish a partnership with BDSwiss.
With this program, Vietnamese IBs can earn up to $4.20 per lot on Forex transactions. The eligibility requirements vary by account type, including Cent, Classic, VIP, RAW, and Premium.
Offering IBs a lucrative opportunity, this rebate program is designed to coincide with the high volume of forex trading activities typical in Vietnam.
Furthermore, the accumulation of rebates is intrinsically linked to the trading activities of the customers referred by Vietnamese IBs. In return, the IB receives a rebate in the form of margins or commissions generated by these customers during their trading activities.
Moreover, we found that both the trader and the IB benefit from this system; the trader incurs reduced trading expenses, while the IB accrues additional revenue according to the client’s trading volume.
According to the preferences of the IB and the agreement with BDSwiss, rebates can be paid out on a flexible basis, which can be daily, weekly, or monthly.
Overall, we also found that the strong regulatory standing of BDSwiss and this adaptability make the rebate program in Vietnam an attractive and secure option for IBs seeking to capitalize on the potential of the foreign exchange market.
How can Vietnamese customers remain updated on the newest BDSwiss promotions?
Vietnamese customers can visit the promotions area of the BDSwiss website or subscribe to the email to be informed about the most recent offers.
Does BDSwiss provide a rebate program for active traders in Vietnam?
Yes. Introducing Brokers are eligible for a rebate program offered by BDSwiss.
How to Register an Affiliate Account with BDSwiss Step-by-Step
Step 1: Look for the “Partners” area
Open your web browser and navigate to the official BDSwiss website by searching for “BDSwiss.” Once on the homepage, look for the “Partners” area. This part is often found within the main navigation bar at the top of the page.
Step 2: Clicking on the “Start Now”
Clicking on the “Start Now” banner will take you to the registration page. Alternatively, you can click “Register” under the Affiliate or the Introducing Broker option on this page.
Step 3: Click “Register”
You can click “Register” under the Affiliate or the Introducing Broker option on this page.
Step 4: Fill in Sign Up Form
A signup form will load, requiring personal and contact information. Make sure that you fill out all the fields correctly, including:
Your full name and a valid email address.
Vietnamese Mobile Phone Number with Country Code (+84)
URL of your website or social media platform to track referrals.
A brief description of how you intend to promote BDSwiss helps BDSwiss understand your strategy for targeting the Vietnamese market.
After completing the form, review it to verify there are no mistakes. Complete your registration by clicking the “Submit” button.
BDSwiss will thoroughly evaluate your application. During this time, you should get a confirmation email from the broker. This email will let you know if your registration has been authorized or if they need any more information.
Once approved, you will get a welcome email with login information for your personal Affiliate Dashboard. This dashboard acts as your affiliate hub, where you can:
View unique referral links to monitor the effectiveness of your advertising initiatives.
Monitor your earnings in real time.
To attract new clients, access a wealth of marketing resources designed exclusively for your audience, and contact BDSwiss’ experienced support team if you have any questions.
Affiliate Programs
The BDSwiss affiliate program provides a specialized opportunity for Vietnamese financial educators and digital influencers to monetize their online presence via a meticulously designed commission structure.
Furthermore, an impressive conversion rate of 36% allows Vietnamese affiliates to generate substantial revenue from the traffic they redirect to BDSwiss’ platforms.
BDSwiss also offers a range of tradable instruments to the clients of Vietnamese IBs, allowing them to diversify their portfolios across many financial markets, which could increase IB earnings.
In addition, we found that BDSwiss has a variety of commission and payment alternatives, ensuring that the program is well-suited to the Vietnamese inclination towards adaptable financial transactions.
Lastly, Vietnamese affiliates receive a comprehensive support system encompassing a dedicated partner relationship manager and round-the-clock multilingual assistance. This system furnishes affiliates with the necessary resources and direction for successful referral management.
Overall, in our opinion, the BDSwiss Affiliate Program presents a strategic opportunity for affiliates to leverage their digital influence for financial benefit within the dynamic online environment of Vietnam.
How are conversions tracked for BDSwiss affiliates in Vietnam?
BDSwiss provides its affiliates in Vietnam with tracking codes and unique affiliate links to track conversions.
What is the typical conversion rate for BDSwiss affiliates that target the Vietnamese market?
While the specific conversion rate can vary, BDSwiss advertises conversion rates of 36% for affiliates.
BDSwiss Customer Support
| Customer Support | BDSwiss Customer Support |
| ☎️ Telephone/WhatApp | Yes |
| 🗺️ Support Languages | Multilingual |
| 👛 Live Chat | No |
| 📙 Email Address | Yes |
| 🎓 Telephonic Support Yes | Yes |
| 📍 Operating Hours | 24/5 |
BDSwiss Social Responsibility
We were impressed by the fact that BDSwiss has taken proactive measures to meet its corporate social responsibility by participating in various programs to improve societal well-being and community assistance.
One significant endeavor is its collaboration with Europa Uomo Cyprus to increase prostate cancer awareness. This illustrates BDSwiss’ commitment to health education and support for important health concerns in the community.
Furthermore, BDSwiss planned a sponsored climb to Mount Olympus for youngsters with heart problems.
This event not only allowed these youngsters to engage in physical exercise but also raised awareness and cash for heart disease, demonstrating BDSwiss’ dedication to boosting children’s health and well-being.
Another noteworthy CSR project is the BDSwiss’ Mexico Sonríe program, which aims to support impoverished children with cancer. By supporting this cause, BDSwiss demonstrates its global reach and dedication to making a meaningful difference in the lives of underprivileged children.
These projects are part of BDSwiss’ overall ambition to integrate social responsibility into its business model.
By focusing on health, youth, and community assistance, BDSwiss supports immediate charity causes and creates a culture of giving and awareness among its workers and the larger society.
Overall, we believe that this strategy demonstrates the company’s commitment to leading in the financial industry and serving as a beneficial catalyst for social change.
BDSwiss Pros & Cons
| ✔️ Pros | ❌ Cons |
| BDSwiss is a trustworthy option for Vietnamese traders | BDSwiss is not locally regulated in Vietnam |
| There are several communication channels through which traders can contact AvaTrade | There are limits on the availability of the BDSwiss Islamic Account |
| Vietnamese traders can register a demo account with BDSwiss before investing real money | The spreads on entry-level accounts can be wide |
| There is a low 250,000 VND deposit on the Cent and Classic Accounts | BDSwiss charges commission fees across all account types, which could lead to high trading expenses for Vietnamese traders |
| BDSwiss provides a comprehensive education to help Vietnamese traders get started | Inactivity fees of 10% apply to dormant accounts |
| There are copy trading features offered, allowing Vietnamese traders to replicate the strategies of more successful traders | |
| There are over 250 financial instruments available, allowing Vietnamese traders to diversify their investment portfolios | |
| There are multilingual customer support options | |
| BDSwiss’ spreads start from 0.0 pips on Zero Spread, ideal for scalpers |
BDSwiss User Comments and Reviews
As part of our comprehensive review, we always consider what customers say about their forex broker. Below, we’ve sourced a few user comments on BDSwiss, showcasing areas where BDSwiss shines and where improvement is needed, according to registered traders:
- “My emotions toward BDSwiss are mixed. Despite being fined for regulation violations, their customer support and trading systems are superb. It casts doubt on their reliability.”
- “I love BDSwiss’ customer service. You can reach them via WhatsApp and Telegram in 10 languages. Having help anytime, anywhere is a great relief.”
- “BDSwiss has me divided. Their trading algorithms are excellent, and they provide many symbols. Their spreads are higher than other brokers, and their inactivity charges are high and noticeable quickly.”
- “I’m confident with BDSwiss. Their huge teaching collection is great for someone like myself who is inexperienced. I appreciate their webinars and courses for helping me enhance my trading skills.”
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Conclusion
According to our findings, BDSwiss is an attractive and highly trusted option for Vietnamese traders interested in forex and CFD trading by offering a diverse range of financial products across many marketplaces.
In our experience, the BDSwiss website and platform promote security by conforming to various international regulatory requirements, instilling confidence and safety in traders.
Furthermore, BDSwiss caters to both beginner and experienced traders by offering a variety of account types and leverage of up to 1:2000, adapting trading experiences to specific risk levels and tactics.
In our experience, providing training materials and several trading platforms, such as MetaTrader and BDSwiss’ proprietary options, provides traders with the tools and information they need to succeed in their trading activities.
However, there are a few factors to consider. The lack of local regulation in Vietnam might deter Vietnamese traders, but despite this, BDSwiss operates within an international regulatory system that frequently addresses these issues.
Furthermore, inactivity fees may deter traders who plan to use the site infrequently or employ long-term strategies. Moreover, there are commissions across all accounts, and the spreads on entry-level accounts are extremely wide, which could increase trading costs.
However, despite these considerations, we can conclude that BDSwiss’ broad range of markets, zero-spread conditions, comprehensive education, and strong security measures make it an appealing choice for Vietnamese traders looking for a dependable broker in the Forex and CFD markets worldwide.
Our Insight
According to my findings, BDSwiss offers a good balance with easy-to-use platforms, strong support, and various trading options, making it a great choice for new and existing users. BDSWISS is fantastic, their support team gets back to you with any questions answered quickly.
Our Recommendations on BDSwiss
According to our review, we’ve identified some areas where BDSwiss can improve its offering, including the following:
- Regularly provide market insights and analysis focusing on the Vietnamese and Southeast Asian markets to assist traders in making educated decisions based on local economic data.
- Create instructional content tailored to Vietnamese traders’ unique requirements and interests, such as local market tutorials, webinars, and in-person seminars.
- Engage with the local trading community on prominent Vietnamese social media sites like Zalo and Facebook and sponsor local trading events to boost brand visibility and trust.
Frequently Asked Questions
Is there an office in Vietnam where BDSwiss can provide in-person support?
No, despite its global presence, BDSwiss does not have a physical office in Vietnam.
How long does BDSwiss’ withdrawal take?
Withdrawals at BDSwiss are completed within 24 hours, but the funds may take up to 5 business days to appear in your account, depending on your bank or payment method.
Are BDSwiss’ educational resources suitable for the Vietnamese market?
BDSwiss provides general market research and teaching resources. However, certain information may be more focused on global trends.
What is BDSwiss’ minimum deposit?
The minimum deposit at BDSwiss varies by account type, starting from 250,000 VND ($10) for the Cent and Classic Accounts.
Can I trade with the Vietnamese Dong (VND) on BDSwiss?
No, BDSwiss does not allow VND trading against other currencies. As a result, traders might focus on other pairings, such as EUR/USD.
Is BDSwiss a safe broker?
Yes, BDSwiss is deemed secure since it is regulated by numerous recognized international authorities, including CySEC, BaFin, MISA, FSA, and the FSC, and it adheres to stringent security protocols.
Is BDSwiss suitable for Vietnamese scalping strategies?
BDSwiss permits scalping, although their spreads and execution speed may be better suited to swing or long-term trading strategies.
What can I trade with BDSwiss?
BDSwiss lets you trade various securities, including Forex, commodities, stocks, indices, and cryptocurrencies.
Where is BDSwiss based?
BDSwiss is based in Cyprus and has operational offices in other locations worldwide.
