Is BDSwiss a Scam ?

BDSwiss Reuters

Binary options are extremely useful trading instruments that are quite popular with investors of all skill levels. As their name suggests, the main principle behind a binary position is that the trader will assume that an underlying asset will either increase or decrease in value within a set period of time (hence the term binary).

Is BDSwiss a safe investment?

BDSwiss quadratBDSwiss.com is a popular binary options broker - but how can you be sure that it is a legitimate broker and not just a moneymaking scam site? I am often asked "With the high offered returns on trades, how can I be sure that (broker x) isn't a scam?" This is understandable, we are always told that if something seems to good to be true, it normally is. But luckily, verifying the trading credentials of a given broker is easy, provided you know what to look for.

 

BDSwiss website

Fig. BDSwiss Website

 

Questions you should be asking of your brokers:

  •     Where are they based? Is there a registered office address available?
  •     What body are they regulated by?
  •     How do they hold trader's funds?
  •     What are the deposit and withdrawal procedures?

Now let's examine these areas with regards to BDSwiss:


Where is BDSwiss based? Is there a head office address?

BDSwiss is the trading name of BDSwiss Holding Plc.
Their registered address is:

BDSwiss Holding Plc,

Makariou III Street 160 3026,

Limassol, Cyprus

What body are they regulated by?

BDSwiss is regulated by CYSEC, the Cyprus Securities and Exchange Commission under licence number 199/13. They are also signed up to the CYSEC investor compensation fund to provide extra peace of mind for their clients.

 BDSwiss

How do they hold trader's funds?

All trader's funds are held in an account which is segregated from BDSwiss operating capital and is a designated client account, solely used for handling client's funds. BDSwiss' terms and conditions of trading state that the funds will only be removed from the client's holding accounts with the express consent of the client.

What are the deposit and withdrawal procedures?

The deposit and withdrawal procedures of BDSwiss are standard procedures in the trading community.

To comply with international money laundering regulations, traders must provide proof of identity, residential address and images of the card used to deposit funds to the account BEFORE being able to make a withdrawal.

BDSwiss plattform eng

Fig. BDSwiss trading platform

Deposits are accepted through a variety of payment methods, including Credit cards, wire transfer, Maestro, Sofort, Giropay and several other alternative means of payment. Withdrawals Like most brokerage sites, there are several withdrawal methods with different minimum withdrawal amounts depending on the method used. Generally the method of withdrawal will be the same as the method used to deposit funds. In the event that the funds withdrawn exceed the initial deposit, the remainder may be sent via bank transfer to the trader's account.

Minimum withdrawal amounts and times are as follows:

  • Credit Card minimum withdrawal €100, withdrawal processing time 2 - 7 days
  • Wire Transfer minimum withdrawal €100, withdrawal processing time 2 - 7 days
  • Maestro minimum withdrawal €100, withdrawal processing time 1 - 5 days
  • Sofort minimum withdrawal €100, withdrawal processing time 1 - 5 days
  • Paysafecard minimum withdrawal €100, withdrawal processing time 1 - 5 days
  • Ukash minimum withdrawal €100, withdrawal processing time 1 - 5 days

bdswiss payments

By investigating all of the key indicators, you can see that BDSwiss is not only a legitimate binary trading service provider, but also one of the most trusted brokers operating in Europe.

 

BDSwiss