FxPro's website
BDSwiss in Nigeria — review, licence and costs
Cost calculator (median of 57 priced of 81)
Score (6 of 6 axes scored)
ranked against full-basis brokers
Who actually onboards you
- Entity that onboards Nigeria residents
- Nigerian clients are onboarded under the offshore entity BDSwiss (Seychelles) Ltd (FSA) / BDS Markets (FSC Mauritius).
- Local standing
- Offshore only; not registered with Nigeria's SEC and no local investor protection.
- Licence as the register states it
- No Nigerian (SEC Nigeria) registration; served under Seychelles FSA (SD047) and/or Mauritius FSC (C116016172).
- Leverage for this entity
- Up to 1:2000 on the offshore entity; not capped by a Nigerian regulator.
- The firm behind it
- Founded 2012 (Cyprus/Zurich brand); exited EU/UK after losing CySEC and FCA licences; now offshore-focused via Mauritius/Seychelles.
- What we hold against it
- Offshore-only for Nigerian residents; no SEC Nigeria oversight - standard offshore caveat.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Nigerian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore only; not registered with Nigeria's SEC and no local investor protection.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Nigeria market median(priced from 57 of 81)
Medians run over the 57 of 81 brokers that publish a price for Nigeria, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Cent (min ~$10), Classic (min ~$10), VIP (min $250), Raw/Zero (min $500). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Taxes for a Nigerian resident(1 rule)
- Trading profits are taxable and must be declared to the Nigeria Revenue Service (NRS, formerly FIRS).https://global.bdswiss.com/account-types
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (3 methods · 0 local rails)
Cards, bank/wire and e-wallets;
- Cards
- Wire
- E-wallets
- Account currency
- Primarily USD and EUR; no verified NGN account.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(8 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- BDSwiss WebTrader
- iOS/Android apps
Identical for every row: Min spread 1.6 · Leverage 2000 NG.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.7 | — |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(6 for and 3 against, each tied to a figure on this page)
- Round turn 5 USD on the raw + commission basis, under the Nigeria median 6.5
- Min deposit 10 USD, under the Nigeria median 20
- Withdrawal in 24 h, one of 71 of 81 brokers here that publish a time
- Swap-free account available
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, BDSwiss WebTrader, iOS/Android apps
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- The published 1:2000 comes from the group's offshore entity, not from the Nigeria one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Nigeria(6 of 81 scored in Nigeria)
- Round turn, USD
- 6NG
- Min deposit, USD
- 20NG
- Leverage
- 200NG
- Rank in this country
- #10
- Round turn, USD
- 6NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 2000NG
- Rank in this country
- #11
- Round turn, USD
- 6NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 500NG
- Rank in this country
- #17
- Round turn, USD
- 6NG
- Min deposit, USD
- 10NG
- Leverage
- 3000NG
- Rank in this country
- #26
- Round turn, USD
- 4.8NG
- Min deposit, USD
- 0NG
- Leverage
- 500NG
- Rank in this country
- #29
- Round turn, USD
- 5NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 2000NG
- Rank in this country
- #38
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Nigeria score. Full methodology
| Axis | Weight | What is measured | BDSwiss |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 85 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 70 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 65 |
Where BDSwiss sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 5 USD · 24 of 81 brokers do not publish it
Minimum deposit, USD (29 of 81 priced)
Median 20 USD · range 0-100 · this broker 10 USD · 52 of 81 brokers do not publish it
Retail leverage (53 of 81 with a Nigeria figure)
Median 1:500 · range 100-3000 · this broker 1:2000 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does BDSwiss accept residents of Nigeria?
- No. Offshore only; not registered with Nigeria's SEC and no local investor protection. Onboarding entity: Nigerian clients are onboarded under the offshore entity BDSwiss (Seychelles) Ltd (FSA) / BDS Markets (FSC Mauritius).
- Is BDSwiss licensed to serve clients in Nigeria?
- No Nigerian (SEC Nigeria) registration; served under Seychelles FSA (SD047) and/or Mauritius FSC (C116016172). Checked on 09.07.2026.
- How much does one round turn cost at BDSwiss?
- About 5.0 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- What leverage does BDSwiss offer to retail clients in Nigeria?
- Up to 1:2000. Up to 1:2000 on the offshore entity; not capped by a Nigerian regulator.
- Which trading platforms does BDSwiss support?
- MT4, MT5, BDSwiss WebTrader, iOS/Android apps. Instruments: 250+ CFDs: forex, shares, indices, commodities and 26+ cryptocurrencies.
- How can I withdraw money from BDSwiss in Nigeria?
- Cards, bank/wire and e-wallets; Nigeria-specific local rails not verified at review.
- What account types does BDSwiss offer?
- Cent (min ~$10), Classic (min ~$10), VIP (min $250), Raw/Zero (min $500).
- Does BDSwiss offer a swap-free (Islamic) account?
- Conditional.