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BDSwiss Review: Bdswiss.com Another Forex Scam

BDSwiss Review: Bdswiss.com Another Forex Scam

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BDSwiss (Bdswiss.com) is an awful CFDs, Crypto Currency, and Forex brokerage firm out to cause havoc. BD Swiss is claiming to offer over 250+ commodities, Crypto Currencies, Forex, indices, and shares. After receiving few touching emails by members who lost funds with this broker, we decided to investigate. And this is what made us come to a conclusion BD SWISS is a scam. Read this honest BDSWISS review for more.

BDSwiss Review

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BDSwiss Review:

Once you read the compelling emails, you will be sad such brokers exist in the market. Brokers whose sole aim is to steal funds from unsuspecting online investors should be exposed. Why has this broker been stealing funds from online investors? Most investors don’t have a clue what they are signing up for. And this is why every investor should always do a thorough research before opening accounts with brokers. Reading reviews is one way of knowing what to expect with a certain broker.

After landing on their homepage, we can see why newbie investors have fallen for this scam. BDSwiss is having a great website which is well designed. And this is what BDSwiss is after, to get your utmost attention. With such a platform, most investors think the broker is legit. Thanks to years of professional trading, we know how to spot scams from a mile away. And BDSwiss is no different. These scam artists have used the same bag of tricks used in other online Forex scams.

About BDSwiss

Can you deposit money to an unknown third party? Most investors who open an account with this platform are depositing funds to an anonymous entity. Disclaimer at the footer of the homepage claims this broker is operated by BDS Markets Ltd. How can this be the case when registrar of companies shows no results of this company? And this is enough proof we are dealing with a broker who is totally anonymous. They have simply posted a fake company’s name which is non-existent.

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What about the names of the founding members of this brokerage firm? There has to be a few people who gathered and created this platform. How about the name of the CEO or CFO of their mother company? A good reason why these names are missing is because scammers don’t want to be known. They are operating a false brokerage firm under pretense. There’s more to this website than what meets the eye. Stay away from any anonymous broker or online investment firm.

BDSwiss License and Registration

After checking their disclaimer, one can easily see a license number posted there. Scammers will do or say anything to make their platform or services appear legit. And this is what BDSwiss is trying to do by posting a random number. Disclaimer shows their licensing number to be C116016172. And this is what must be checked properly with the concerned regulatory authorities. As it turns out, there’s no broker licensed under this number. What does this mean?

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BD Swiss should show members their license certificates and documents to prove authenticity. There’s a good chance this will never be the case. How can a broker such as BDSwiss who claims to be internationally recognized fail to have licensing documents? Simple reason is because they don’t have any valid credentials. BDSwiss is operating a trading platform without being properly regulated. Opening an account with such a broker is risky and could prove lethal.

MT4 and MT5 Trading Platforms

After checking their licensing, the next step was to check how their platform works. These scammers are using two types of trading platforms. MT4 and MT5 trading platforms are their preferred tools of trade. And this makes trading with such a broker interesting if only the platforms were secure and stable. To know how well a platform works, it has to be compatible with all devices.

BDSwiss Broker Review

What we found out was expected as this broker does not have the pedigree to have two platforms. Both their platforms proved to be unsafe after a series of set up misfortunes. Download could stall at any given time and this means we are dealing with an unstable platform. Hackers find unstable platforms to be easy targets for data theft. In most cases, these hackers will try to steal your identity or worse, credit card details. Stay away from this broker for good.

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Account Funding

Depositing fund with this broker is easy and fast, as expected. These depository channels include MasterCard, Neteller, Skrill, Visa, among others. Don’t deposit funds simply because the channels are easy to find. Scammers want every investor to have an easy time depositing cash. There’s more to why investors should not deposit funds.

Withdrawing funds with this broker is what makes it a huge problem. Some members have gone for months now trying to make their first withdrawals. As it turns out, this broker is refusing members to make withdrawals. What they do is close your account with the funds being available. Trying to make contact is futile as the account managers will block your contact details. Make sure not to open an account with this broker or any other who shares the same characteristics.

Are Funds Safe with BDSwiss?

How can funds be safe from a broker who is anonymous and unregistered? Making deposits to an unlicensed broker is wrong and a risky affair. Their website is not SSL Encrypted which means they are not going to protect funds as expected. How do their handle funds deposited by members? Where do they bank money deposited by investors? Is it possible investors are depositing funds straight to owner’s personal bank account? Stay away from this broker to avoid any losses.

When it comes to segregation of accounts, this is not being followed. What this means is BDSwiss is pooling funds to one single account. All assets are being stored in a single account which is extremely dangerous. Stay away from any broker who fails to safeguard funds. Instead, why not sign up with leading and trusted Forex brokers? Start the success journey with industry recommended Forex brokers.

Is BDSwiss a Scam?

BDSwiss Crypto and Forex Review

After checking all the moving parts of this website, we are sure BDSwiss is a scam. To stay safe, ignore all their pleas to sign up. Promotional materials such as videos and links should be ignored. Hackers are using these links to gain access to your data. Mark all their emails as Spam and warn your family and friends from joining this broker. Stay safe at all times by using recommended Forex trading tools and brokers.

Final Verdict

What should be done is adding this broker to our scam blacklist. After making sure this broker is exposed, authorities are asked to investigate and shut this website down. Time to make the right decision is now. Stay away from brokers who lack proper licensing credentials and simply want you to deposit with them.

Lastly, we wish you all the best in your Forex trading experience.

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3 Replies to “BDSwiss Review: Bdswiss.com Another Forex Scam”

  1. Bdswiss will not accept withdrawal requests. They will only take all your money and leave you with nothing. Had to get back my money with the help of a financial recovery company

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