Would anybody on here recommend day trading with BDSwiss?

They support high leverage of 1:2000, have pretty low spreads of zero pips and they use MT4 which is the platform I’m most familiar with. So it ticks most of the boxes?

Also do you know if it’s possible to open an account with a broker like BDSwiss even if you’re technically in a country they say they don’t accept? Can you just use a VPN to get round it for instance?

Thanks,

AB

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[James BarraModerator DayTrading.com Team]

Hi AlexBrown,

Thanks for your message.

BDSwiss can be suitable for day trading. We scored it 3.8/5 in our review, which is pretty good, though not as high as DayTrading.com’s best brokers for day trading.

Its strengths for short-term traders include:

• Robust charting platforms for technical analysis, including industry favorites MT4 and MT5.
• Leverage up to 1:2000 which can amplify returns, though it can also lead to substantial losses so risk management is essential.
• Fast execution speeds of around 66.5 milliseconds which can help active traders secure desired prices in fast-moving markets.

However, day traders should also take note of several drawbacks:

• Pricing in the Classic account trails the cheapest brokers with spreads of 1.6 pips on the EUR/USD for example.
• Although BDSwiss is regulated in Europe, it also runs offshore entities with weak regulatory safeguards, while the FCA ordered it to stop providing trading services to UK residents.
• It only offers around 250 instruments, limiting potential trading opportunities for advanced traders who can find thousands of instruments at alternatives like IG.

Overall, it wouldn’t be my first pick for day trading.

If you do want to use BDSwiss, starting with the demo account could be sensible.

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[AlexBrown]

Ok, good to know. The leverage is a deal breaker for me though and a lot of the firms in the link you shared don’t provide such high leverage.

Yeah I’ve been using their demo account for the last week or so.

AB

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[Jona]

I don’t know much about BDSwiss but I would not try and circumvent their location restrictions by using a virtual private network.

Many firms have technology that will eventually pick up where you’re from, plus you almost always have to submit documents to verify your identity and address so they will find out anyway.

Imagine you do get round it at the registration phase but then BDSwiss pick it up when you want to withdraw…do you want to risk not getting your funds?

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[AlexBrown]

Mmmm you’re probably right. Ok

AB

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