Best Binary Options Brokers BD Swiss Review

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BDSwiss Review

BDSwiss Previously known as Bank De Swiss, the BDSwiss brokerage company was established in 2020. Now one of the region’s most prominent binary options brokers, they are generally considered to be Eurocentric, with the majority of their clients coming from this part of the world. To enable all levels of trader to use their services, BDSwiss have created an Education Centre which is curated by leading experts in the binary options industry. The content is accessible for all and is regularly updated with new techniques and proven strategies for successful investing.

5 reasons for BDSwiss

  • Extremely wide range of assets, more than 170 in total
  • They are veterans in the binary options industry
  • Officially regulated through the CySEC
  • C ustomer support is one of their strengths
  • Minimum deposit of 100 $/€/ £ Minimum trade is 5 $/€/ £

Trading with BDSwiss

Underlyings and asset types

BDSwiss offer their investors five types of option; the Binary Option, which is a classic, high/low choice, the One Touch option, where the trader chooses a price that a specific asset will reach, the 60 Second Binary Options, where investors have to predict the way a price will move within a minute, Pairs, where traders choose which stock will perform better out of two choices, and the Options Builder, where investors utilize the BDSwiss Optionbuilder tool to create their own trade. For investors who work the binary options market successfully, BDSwiss offer competitive payouts that can reach up to 89%.

Fig. BDSwiss trading types

The BDSwiss trading platform looks welcoming, sleek and polished, it’s clearly laid out and easy to navigate even on a first visit. As they have chosen a browser based system, investors are not obliged to download any extra software, even on a Linux or Mac machine. Any information that is sent to the site during a trade is protected through an SSL connection.

Fig. BDSwiss website

Although this ease of use is an obvious boon to newer traders, BDSwiss also has a few perks for the more experienced investor. For people who are already versed in the conventional aspects of binary trading, the sites Optionbuilder enables them to create more complex trades, and a Traders Choice Bar indicates how other traders are currently investing. Many people who have been involved in binary options for a while appreciate this kind of insight, and it informs their trading decisions.

To make their client’s trading experience more convenient, BDSwiss have introduced a mobile app that is available at the App Store and Google Play. Downloading the app gives investors the opportunity to keep their eye on changes in numerous markets and then react quickly, even when they are not at their computer. They claim the app offers a ‘seamless transition’ between trading on a desktop and a mobile. All the features of the full platform are available, including live chart feeds and assets sorted into alphabetic order for faster searches. Once an account is accessed for the first time the trader can choose to log on automatically in future, to avoid having to enter their details each time they launch the app.

Special functions on BDSwiss

BDSwiss offers up to 500% high yield functions; an interesting offer to venturesome dealers.

Trading platform & software, usability, appearance and security

BDSwiss employs the popular trading platform known as SpotOption. This system has been in existence since 2008 and is considered to be one of the most respected within the industry. Features such as 30-second binary options, pair options, ladder trading and the ability to follow others through social forums are a few key benefits. An updated variant has improved colours (for easier viewing) as well as a choice of four different screens. Thus, trades can be executed clearly while quick links to other sections such as currencies, Forex markets and commodities allow navigation to be quite streamlined. SpotOption utilises advanced software to make certain that all data remains completely secure.

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Fig. BDSwiss trading platform

Durations

BDSwiss offers the usual durations for the trade. These range from 60 seconds to 10 month. In this way, several possibilities are offered to the dealer.

Trading conditions, hedging and maximum yields, BDSwiss demo account

With a normal trade, the maximum yield of BDSwiss is at 89%. A hedge of up to 10% is also guaranteed. BDSwiss offer potential investors a free demo account, so they can become accustomed to this particular trading platform, and gain a deeper understanding of the binary options market before trading with real money. Accounts tend to take around 3 minutes to open and trading can begin when the demo funds have been automatically deposited. To make the process run smoothly, BDSwiss have provided a step by step instruction guide for new traders. The demo account is completely unlimited, providing access to CFDs and Forex over an indefinite period of time. However, once investors have traded away their demo balance, it cannot be recharged.

BDSwiss Bonus for new customers

Although BDSwiss do provide account holders with a range of bonuses, they are not regularly advertised online. To find out more about what they can offer to new or existing traders it’s best to give their customer services department a call and ask what’s currently available. Each promotion will have a corresponding set of terms and conditions, but these can also be explained by their representative. It is reasonable to expect a one-off welcome bonus as this is a standard practice within the brokerage industry; however these are time sensitive, so traders should be proactive in asking about bonuses as soon as their account is up and running.

BDSwiss – making payments and requesting withdrawals

At present BDSwiss accounts are usually held in Euros, although in some areas investors can choose to maintain a USD or GBP balance. There are no limits to the funds which can be deposited or withdrawn in any denomination. However, BDSwiss does not allow their clients’ accounts to fall below zero.

Although there is no minimum deposit in general, the initial deposit must be €100.00 at least. To add money to a balance, account holders simply click the Deposit Funds button and choose the method they’d like to use. BDSwiss support MasterCard and Visa credit cards, bank transfers, and online payments from services like EPS, Giropay or Skrill. Transfers can take between 2 and 7 days to finalise.

Withdrawals are sent out to the payment method used and do not have a minimum amount. However, in order to take out less than €100.00, account holders will have to pay a processing fee of €25.00. There is also a €25.00 charge for all bank wire transfers. Most withdrawals are processed quickly, but they can still take up to a week to reach an investors account, depending on the service used.

Payments can be made in a variety of ways. The current methods are:

  • Credit card
  • Wire transfer
  • Western Union
  • MoneyBookers

It is important to note that PayPal is not currently supported by this platform.

BDSwiss provides its clients with excellent levels of security and personal information is never supplied to third-party provides. Furthermore, this site employs what is known as SSL (Secure Socket Layer) encryption. This is the same level of security which many banks and financial institutions provide. Thus, all data will remain quite safe.

How to contact BDSwiss customer services

As a world-class financial institution it’s not surprising that BDSwiss provides an excellent standard of customer support. Their team can be reached in a number of ways; through email at This email address is being protected from spambots. You need JavaScript enabled to view it. , by Skype, on Whatsapp or through a live chat. Clients from Germany, England, Italy, Norway and Sweden can speak to a representative in their own language. BDSwiss operate their platform on Central European Time, and their telephone support is available on many regional numbers between 12pm and 8pm as per the CET zone.

BDSwiss security and regulation

BDSwiss are regulated by CySEC, the Cyprus Securities and Exchange Commission. This guarantees that their investors funds are held securely, in separate bank accounts to those owned by BDSwiss, and also that those monies are insured in the event that the company cannot fulfil its financial obligations.

It is reassuring that BDSwiss are willing to share details of their location and specialist contacts with visitors to the webpage, this strongly suggests they are a trustworthy and reliable broker. BDSwiss Holding PLC is registered to an address in Cyprus, but they also provide a postal address in Germany. Should investors have any queries about how the information they share with BDSwiss is safeguarded online, they can contact This email address is being protected from spambots. You need JavaScript enabled to view it. , the company’s data protection officer.

BDSwiss Test: Our Conclusion

BDSwiss offer a number of unique qualities which are quite appealing. Due to the use of the SpotOption trading platform, executing and following trades is quite easy. A wide asset list and low minimum deposits are other excellent amenities to be enjoyed. BDSwiss is indeed a powerful system to use. While it is still relatively young, its numerous advantages have enabled it to become quite popular within the binary trading community.

BDSwiss is a platform for all levels of trader, the software is simple to use and there are plenty of ways to gain a deeper understanding of the industry at their Education Centre. Their unique Optionbuilder tool allows people who want to push themselves that bit further and enjoy a more sophisticated challenge, to customise their trades. This is backed up by a well-managed team of customer service representatives and a wide range of language options. BDSwiss offer a great trading environment for beginners who are seeking a safe platform for their first step into binary options, but experienced traders who appreciate a reliable broker won’t be disappointed either.

BDSwiss

Key Information

Platform: Proprietary
Minimum Deposit: 10$
Payout: Variable
Demo Account: Yes
Regulation: CySec
Signals: Free Trading Alerts

In light of the ESMA restrictions in the EU, BDSwiss have taken the decision to focus on forex and CFD trading only.

About BDSwiss

BDSwiss was established in 2020 and offers Forex and CFD trading. They are regulated by CySec under the following License number: 199/13.

Their registration number is: 300153 and their address for BDSwiss Holding PLC is: Apostolou Andrea Street 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus.

You can reach BDSwiss by phone on a range of numbers available on their ‘contact us’ page

BDSwiss is a member of the investor compensation fund:

This fund is a private legal entity, which will compensate client’s non-invested capital up to €20,000 in the event of the company’s liquidation.” – BDSwiss.

The brand also offer the ‘sub-zero account‘. This allows traders to let their account balance go below zero – effectively offering credit. This might prove a useful feature for traders looking to act quickly after spotting an opportunity. Terms and conditions apply, and traders need to use the feature responsibly.

Trading Platform

BDSwiss boast a bespoke platform that delivers FX/CFD, where a free demo account is also available.

How To Place A Trade At BDSwiss

  1. Select the asset or market – Choose from Forex, commodities or indices for example
  2. Select the volume – The size of the trade, tailor it to manage risk and reward
  3. Set any risk management levels – stop loss or take profit
  4. Select the direction of the price – Will the price rise or fall?

BDSwiss offer 250+ assets to trade, and with markets operating around the globe, the platform is available 24/7

Charts

The trading charts on the platform use Line or Candlestick format. You may also choose among the following time frames: 1, 5, 15, 30, 60 minutes and 4 hours, Daily, Weekly and Monthly.

A number of indicators that can be directly inserted to your charts are:

  • Moving Averages
  • RSI
  • Bollinger Bands
  • ATR
  • MACD
  • Fibonacci Retracements.

The platform for the Forex trading very advanced. You can integrate to MetaTrader 4 with loads of indicators, technical tools and many more settings.

Trade Types

BDSwiss offer CFDs and traditional spot forex trading.

Trading Software and Features

BDSwiss Payouts

Payouts will vary based on performance of the underlying asset. The use of stop losses and take profit orders can ensure some structure and limits when trading. This allows traders to monitor their risk.

Asset Index

The asset list at BDSwiss covers forex, commodities and indices (as well as some treasuries). There are over 250 assets including cryptocurrencies such as Bitcoin, Ethereum and Litecoin.

Customer Support

Live chat is available in English, German and Italian which is very good. All you need to access the live chat is an email address and a user name. Telephone and email support is also available – telephone support is delivered locally in 16 different nations.

Terms & Conditions

Always check the terms and conditions of the firm you wish to deposit with. We have reviewed those at BDSwiss and would highlight the following:

A dormant account fee is applied after 6 months which is more than enough time to learn and have the time to be active on the platform. If however you remain inactive after 6 months, a 10% fee will be deducted from your account ranging from minimum 25 Euros but NOT more than 49.90 Euros.

Withdrawals

BDSwiss offer very quick withdrawals, with processing normally taking place within 24 hours – though some methods may take 2 or 3 days. They recently added to their range of deposit options (wire transfer, debit and credit cards and e-wallet solutions). They want traders to be able to use local, familiar payment methods, so offer a good spread of deposit choices.

Free Signals

BDSwiss recently opened a new service for clients – offering free trading alerts. In addition the signals themselves, the service also includes entry and exit points. This allows traders to better judge the quality and strength of the signals – plus the all important element of timing.

Signals can lead to over trading, but as these are offered free, they are a low risk way to try them out and see how accurate they are long term.

BD Swiss Broker Review

BD Swiss excels at customer service with plenty of contact options, and their SpotOption trading software is intuitive with great functionality. Offering over 200 options choices. However, they are extremely reputable, have excellent market coverage and low margins, making BDSwiss binary options one of our highest rated trading partners.

Review Overview

Bonuses – 0%
Software – 90%
Customer Support – 95%
Options Choice – 80%

Good quality broker

Summary : Very trusted broker

Intro

BD Swiss is a well known name in the world of binary options. Offering 24/7 trading, this broker offers over 250 underlying assets in six different trading formats and serves 500,000 clients worldwide. Offering returns of up to 85%, BD Swiss is a regulated and authorised broker, being registered with CySEC for the clients’ peace of mind. Their online account registration process is very simple and trading is intuitive and convenient through the Spot Option trading platform. With a good choice of deposit and withdrawal options and a high quality, multilingual customer service team who can be contacted via numerous methods, there is a lot going for this broker.

Company Information

BDSwiss is a trading name of BDSwiss Holding Plc, which is an investment firm that is regulated and authorised by CySEC under license number 199/13 so potential clients can be reassured that they are not falling for a scam broker. Recently integrated with the automated trading robot from OptionRobot.com, BDSwiss was originally established in 2020 and is registered in Cyprus. As one of the leading financial institutions in Europe in the Binary Options, Forex and CFDs sector, BD Swiss state that they are keen to enable traders at all levels of experience to access the world of trading. Clients who choose this broker can have peace of mind that their funds are in safe hands since, in accordance with EU regulations, all non-invested client account funds up to 20,000 Euros are secured through the Cypriot Investor Compensation Fund. As BD Swiss was also named by FX Empire as the Most Reliable Broker, clients can rest assured that they have chosen a reliable operator.

Assets Available

The assets offered by BDSwiss include:

FX – 33 currency pairs

Overall, there are more than 250 underlying assets to choose from with this binary options broker.

Bonuses & VIP programs

BDSwiss does not offer any bonuses or VIP programs.

Mobile

Mobile trading is fully supported by BD Swiss thanks to their BD Swiss trading app which is available for Android and iOS devices including both smartphones and tablets. Its intuitive interface allows for complete client account access and offers all of the functionality of the desktop version. Some of the features of the BD Swiss mobile app include:

  • Live market trading 24 hours a day 7 days a week from any location worldwide
  • Opportunities to make a profit of up to 450% per trade
  • A user friendly and fun interface
  • Opportunities to trade on hundreds of available assets
  • Seamless and complete synchronisation with BD Swiss trading accounts
  • Ability to track current market trends through live chart feeds
  • Available in numerous languages
  • Reliable and secure deposit and withdrawal systems

Deposits and Withdrawals

Deposits and withdrawals are easy to action and can be completed via the client account panel. The various payment methods available include:

  • Credit Cards
  • Debit Cards
  • Bank wire transfer
  • iDeal
  • Skrill
  • Neteller
  • Sofort
  • EPS
  • GiroPay

Deposits are instantly processed when using a credit or debit card or one of the e-Wallet methods, however bank wire transfers can take up to 5 days to appear in the client’s account. Withdrawals are processed within 48 hours with funds taking up to 7 days to be cleared depending on the method chosen. In the majority of cases, there are no fees levied on withdrawals by this broker.

Accounts can be opened in a choice of three base currencies: GBP, EUR or USD, and the minimum deposit required is £200/200 EUR/$200. The minimum amount that can be withdrawn from an account is £10/10 EUR/$10 and there are no maximum limits imposed on either withdrawals or deposits. All financial transactions are guaranteed to be safe thanks to the strong SSL encryption systems used by this broker.

Customer Support

BD Swiss have provided their clients with a number of convenient contact methods through which the knowledgeable support team can be contacted. Their website itself is available in 16 different languages to suit the needs of clients all over the world and telephone and live chat support is also available in 5 languages with responses being speedy and professional. Enquiries can also be made through a number of other convenient methods including:

  • Online web form
  • Fax
  • Post
  • Email – there are 3 supplied email addresses, one for support, one for marketing and one for investor relations
  • Online Live Chat facility

Customer support can be accessed at any time between 9 am and 11.30 pm CET.

Extra Features and Resources

The BD Swiss website offers a range of useful resources including educational resources like live webinars and courses. There is also an up to date economic calendar, traders journal and newly released economic news to help investors to inform their trading strategy. While not every customer is offered a Forex demo account, this is a facility that some clients can take advantage of if they contact the client support centre and make a request.

Verdict

Overall, BD Swiss has a lot to offer its potential clients. Some of the pros and cons of choosing this binary options broker include:

  • Regulated and licensed broker with CySEC for client peace of mind
  • Over 250 underlying assets to choose from
  • Use of popular Spot Option software which is intuitive and user friendly
  • No need for any installations or downloads to access the binary options trading interface as the system is web-based
  • Access to trading from iOS and Android mobile devices through the BD Swiss trading app
  • Multilingual customer support in 5 languages
  • A good choice of customer service contact methods including instant options like Live Chat
  • A good range of payment methods for deposit and withdrawal to choose from including modern e-Wallet options like Skrill and Neteller
  • Rapid and simple deposit and withdrawal process
  • Free access to educational resource and handy trading tools
  • Low minimum deposit amount makes this a good choice of broker for novice investors
  • Secure personal and financial details thanks to strong SSL encryption systems
  • Simple online registration process
  • Customer support centre is not open for contact 24 hours
  • No VIP account options to suit high volume traders

Is BD Swiss a scam broker or can they be trusted?

BD Swiss is a reliable and trustworthy broker that is licensed, authorised and registered with CySEC for the clients’ peace of mind.

Is BD Swiss a good choice of binary options broker for new traders?

Yes, BD Swiss has a relatively low minimum initial deposit and therefore is a good choice for any new investors who are keen to learn more about the basics of binary options trading without taking too great a financial risk. The Spot Option trading platform used by this broker is also user friendly and intuitive enough for beginners to easily understand and utilise.

How do I open an account with BD Swiss?

The account registration process with BD Swiss is carried out online and is quick and simple to action. Clients simply click on the “Start Trading” link on the website, fill in their personal information and provide identification verification information and then they are ready to make their first deposit and begin trading.

Are my finances secure with BD Swiss?

BD Swiss uses the latest SSL encryption software to ensure that all personal and financial details are well protected from hacking and cybercrime. All non-invested client funds up to 20,000 Euros are also covered by the Cypriot Investor Compensation Fund in the event of the broker’s insolvency.

What is the quickest and easiest way to contact BD Swiss?

BD Swiss operates a convenient online Live Chat facility which can quickly and easily be accessed through the broker’s homepage. This service is available in 5 different languages and is ideal for getting a rapid response to any urgent queries or issues.

*Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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