Buzz
BDSwiss, also known as Banc de Swiss, stands as one of Europe's leading binary options brokers. Operating under BD Swiss Holding PLC and registered in the Republic of Cyprus, the company adheres to modern standards, delivering quality services to traders of all levels.
Exploring Trading Conditions
- Trading assets: 200.
- Option profit: up to 85%*.
- Minimum deposit: $100.
- Minimum trade amount: $25.
- Demo account: Not available.
- Online registration: Yes.
- Support phone: +49 (0)691 75 36 86 41.
- Live chat support: Available.
What is BDSwiss? Is it a scam? General information about BDSwiss
In 2013, BDSwiss was licensed by the Cyprus Securities and Exchange Commission. The company also complies with regulations in European countries and is headquartered in Germany. Despite being a relatively new broker, BDSwiss has gained popularity and support from numerous traders.
The standout feature here is the ability to directly communicate with customers. You can contact the DBSwiss support team via live chat, phone call, or email. Regardless of the method, user queries will be promptly addressed.
Since its establishment, BDSwiss.com has strived to create a fast, reliable, and versatile platform for binary options trading. BDSwiss can be called a modern broker worthy of serious consideration by traders.
Pros and Cons of BDSwiss
Advantages of BDSwiss:
- Renowned platform: The broker's platform operates on SpotOption, a popular product with a simple and intuitive interface, meeting the needs of users exploring the platform.
- Multilingual platform: Currently, the website and customer support cater to 19 different languages, aiding the company's rapid rise to popularity, aiming to become one of the world's leading binary options brokers.
- Broker for everyone: The minimum deposit required to start trading is $100, with a minimum trade volume of $5. These conditions make the broker's platform suitable for both professional traders and beginners. Beginners can explore trading methods and aspects without any risk.
- Diverse asset choices: BDSwiss offers trading for 171 underlying assets across 4 main categories: stocks, currencies, indices, and commodities. Additionally, there are 6 types of options contracts available for trading.
- 24/7 support: As mentioned earlier, customers can receive answers to their queries as soon as possible through live chat, phone calls, or emails. Support is provided in all languages available on the website.
- Personalized management: Each new customer will have a dedicated personal manager available via phone or other means of communication.
- Regulations: The broker is supervised by the financial regulatory authority in Cyprus, CySec (license number 199/13). Additionally, the company complies with regulations in other European Union (EU) countries, ensuring transparency and reliability.
- High payout ratio: When predicting accurately, traders can receive profits of up to 85% in a single trade.
- Trader education: With support for trader education, this broker has attracted considerable attention. Exclusive webinars are regularly held on the website, alongside free learning materials, expert support, and other benefits.
- Mobile app: BDSwiss traders can trade worldwide and on any device using the mobile version of the platform for smartphones and tablets, available for both Android and iOS platforms.
- Discussion platform: With the help of the discussion platform, traders can share their experiences and exchange information with other traders through available communication channels.
- Useful tools: The platform offers additional tools to enhance profitable trading, such as economic calendars, market analysis by professional traders, blogs, and more.
- 10% refund for unsuccessful trades: This option can be configured by traders and may affect the payout ratio for profitable trades.
Drawbacks of BDSwiss:
- No support for Windows Phone: The mobile platform is currently not available for Windows phone devices.
Trading Conditions
The trading conditions provided by the company are suitable for investors or those not yet ready to trade with large amounts. The minimum deposit is $100, the minimum investment is $5, and trading accounts can be opened in USD, EUR, or GBP.
In the event of a correct price trend forecast, traders will receive 65 - 85% profit for each trade. For most underlying assets, the quoted price is generated based on the formula (bid price + ask price)/2, which is why traders should check whether third-party services providing indicators or signals use similar pricing principles if they intend to use them to improve trading results.
Underlying Assets
The broker's platform offers over 170 assets across four main types: currency pairs, stocks, commodities, and indices. With such diversity, it opens up new horizons for traders, allowing them to venture into new markets and earn more profits in trades. On the company's website's asset section, traders can find opening/closing hours for various available asset types.
Notably, the platform also provides various foreign assets such as USD/ZAR, USD/SGD, USD/RUB, USD/BRL, or USD/TRY, offering opportunities to diversify trading strategies by participating in less competitive markets.
Trading Platform
The company's developers have utilized the popular SpotOption system as the basis for the trading platform. Notably, the platform offers fast trade execution, an intuitive and user-friendly interface, as well as no delays, slippage, ... . The high quality of SpotOption is evidenced by the fact that it is currently used by many major binary options brokerage firms. The platform does not require downloading to the computer; traders can execute trades directly in their browsers.
Currently, there are 6 types of option contracts available on the BDSwiss platform:
- 'Call/Put': the most common tool, where you need to predict whether the price of the underlying asset will move above or below the opening price level within 10, 15, 30, or 60 minutes. This type of option can be traded on any asset available on this platform.
- 'Pairs': Many traders are familiar with the concept of currency pairs, where currencies of different countries are considered opposites. The 'Pairs' tool operates on a similar principle: allowing you to bet on the relative performance of 2 assets, such as Shell stocks versus crude oil.
- '60 seconds' or short-term options. The basic principle here is similar to 'Call/Put' options, only the expiry time can be set to 60, 90, 120, 180, or 300 seconds instead of hours or days.
- 'Long-term' or long-term options, suitable for traders who prefer longer time frames, with expiry times ranging from this weekend to the end of next year.
- 'Ladder': In this case, the broker sets specific price levels for the selected asset, and traders need to determine the price level the asset will reach within the specified time frame.
- 'One touch' operates similarly to the 'ladder' option. Traders predict that the price of the underlying asset will touch a predetermined level at least once before expiry. Essentially, both 'ladder' and 'one touch' options carry higher risks but offer payouts of over 85%.
Another advantage of the BDSwiss platform is the 'Trader Pro' feature, which, when activated, displays a detailed chart of the selected asset with technical indicators and other useful tools. By using this chart, traders can analyze the market and make investment decisions directly on the broker's platform.
Trading on Mobile Devices
BDSwiss also pays attention to mobile apps that allow traders to trade anywhere with Internet access. The mobile version of this platform differs from the desktop version in terms of interface layout and element sizes, but otherwise offers similar features and operates quite swiftly.
The app automatically syncs with the web platform in real-time, allowing traders to use both the app and the web platform on the same BDSwiss account. The mobile app of the platform is currently available for iOS and Android devices on Google Play and the App Store.
Deposits and Withdrawals
To open an account, you click on the Create Account button on the broker's homepage. Then, you fill in all the required information to complete the registration process, including: name, surname, phone number, email, password, gender, date of birth, country, and the currency unit you will deposit.
After completing the registration, you can start trading by depositing funds into your account. Note that you can only withdraw funds to the same payment system that was used to deposit funds into your account. BDSwiss supports payment methods including Visa, MasterCard, and Maestro debit/credit cards, Ukash e-payment system, and bank transfer.
To prevent money laundering, new traders must verify their identity by providing a scanned copy or photo of their ID card, passport, driver's license, etc. The minimum withdrawal amount is 10 USD. As per regulations, withdrawals will be transferred to the beneficiary's account within 2 - 8 business days, depending on the transaction method.
Transaction security is ensured by SSL (Secure Sockets Layer) certification, ensuring the safety of traders' funds as well as the privacy of their transactions.
Trader Education
The broker provides training for traders covering all aspects of binary options trading, which can be found in the Education section on the BDSwiss website. Additionally, the company's experts regularly conduct exclusive webinars, release market reviews, and provide other free educational materials. Another way to get assistance in trading is through personal account managers or customer support teams.
Is it worth trading with BDSwiss?
The trading conditions offered by BDSwiss demonstrate the broker's continuous effort to maintain a leading position in the industry. The company complies with regulations from EU financial authorities, provides a top-tier trading platform with over 170 assets and 6 types of instruments. BDSwiss offers step-by-step training and is always ready to provide timely support, resolving any issues as quickly as possible.
Since its establishment, this broker has proven its capabilities, built a reputation, and secured a leading position in various rankings.
So there you have it! BDSwiss has answered your questions about what it is and whether it's a scam or not. You can get acquainted with BDSwiss by opening a free demo account or starting with a small real account to explore the broker's trading aspects.
If you've already explored what BDSwiss is and whether it's a scam, you should also consider looking into other trading platforms to choose the most suitable and secure one for yourself. Apart from BDSwiss, there are many other trading platforms like 24option. You can learn about this trading platform through Mytour's article What is 24option? Is it a scam?
