November 30, 2022

BDSwiss Review

BDSwiss logo

BDSwiss Previously known as Bank De Swiss, the BDSwiss brokerage company was established in 2011. 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.

Quick overview

  • YEAR OF FOUNDATION: 2011
  • HEADQUATERS: Cyprus
  • LANGUAGES: English, German…
  • SUPPORT: E-Mail, Live Chat, Hotline

Advantages of BDSwiss Broker

  • 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

BDSwiss trading 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%.

BDSwiss trading types

 

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.

BDSwiss website Functionality

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.

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.

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 [email protected], 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 [email protected], 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.