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
- Customer 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.
Fig. BDSwiss App
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.
Fig. BDSwiss trading platform
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
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
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.