BDSwiss Review 2018
BDSwiss does not accept new customers from US.
We recommend you check out our top rated list and sign up at another provider instead.
- US Traders
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BDSwiss is a licensed binary options and Forex broker which has been trading since 2012, later being licensed by CySEC in 2013. As well as being based in Cyprus they also have premises in Germany and are popular in European countries like Switzerland, Italy, Spain, Sweden and Greece. Their site is available in many languages to cater for their European traders. Like many brokers they do not offer their services to US traders due to the amount of regulation.
The minimum deposit required to open a BDSwiss trading account is $100 which is among the lowest of the European brokers. Their SpotOption trading platform offers options including 60 seconds, one touch, long term, pairs and ladder options.
BDSwiss has a very decent reputation in the binary options market with top payout percentages, excellent customer service and a sophisticated trading platform which means there is no need to download any software to trade.
Is BDSwiss the broker for you? In this expert review we uncover the following:
- What accounts, trade types and payouts you can expect from using BDSwiss
- How much you need to deposit and what the minimum trade amount is
- How their various features compare to other binary options brokers
There are two types of accounts available from the broker; the Standard Account and the Demo Account. Given that their SpotOption trading platform has such a good reputation this shouldn't be a problem for most. If you are sure you want to use this broker, but don't want to risk your money just yet, you could always try the demo account using the same SpotOption software.
There aren't many brokers that offer a one size fits all account to their clients but BDSwiss is one such trader. When you open an account with this broker there is only one type of account designed to suit all. Forget your bronze, silver, platinum, gold, diamond, all singing and dancing accounts. Just deposit $100 and you can begin trading irrespective of experience and how much you are trading with. Everyone is treated the same no matter what.
Use the demo account to use the simulated version of the platform before you commit any funds. This is a free account which just requires your email address and a few other details.
Trade Types And Payouts
With maximum payouts of between 68-85% the BDSwiss trading experience allows you to invest as little as $5 minimum trade. The maximum individual trade is $1,500. Even when the trade goes against you there is a minimal payout so you never actually lose everything.
Also known as Call/Put, High/Low trades are the more common binary options trades available and perhaps the simplest form of trading. Simply predict whether the asset will finish higher or lower by the expiry time for a payout. If you are trading in gold you just predict if you think the price of gold will finish higher or lower than at the time you placed the trade by the expiry time which could be minutes or hours. If you are correct your trade will return a payout of up to 85%.
One Touch Options
This is another simple way to trade, like the High/Low option. All you need to do is predict whether an asset will touch a certain price by the expiry time. These are great for the beginner as they don't require much research or as much concentration as ladder trades for example.
There are several chances to yield results with Ladder Trades. The various price points are located an equal distance apart and reaching any of the price points within the expiry time will produce results although the more points reached, the higher the profits.
Long Term Options
Like the name suggest Long Term Trades are conducted with a longer expiry time. Instead of the usual expiry times of 60 seconds to an hour, longer term trades can be more like a week.
Bonuses And Promotions
With many brokers you will find very attractive bonuses offered to incentivise people to register an account. There are welcome bonuses and deposit match bonuses which range from 20-100% of the deposit depending on the scale of that deposit.
With BDSwiss there are no bonuses offered. They rely on the reputation and reliability of their platform. From time to time they used to offer bonuses but these aren't available any more due to new licencing and legal rules.
It is important that good binary options brokers offer an all-round experience to their traders which includes ease of access. For traders being able to access the site at all times is important and with the latest technology this is expected from a good binary options broker. With the advance in smartphones, phablets and tablets it is important that there is an experience that suits all.
BDSwiss are pleased to offer a decent and strong mobile trading experience which is available on their responsive mobile website or via their mobile app. The app is available for both Android and iOS for both phones and tablets and is perfect for those who like to trade on the move, day or night. As long as the device is online the trader can trade anytime with BDSwiss.
Deposits And Withdrawals
Deposits and withdrawals are no different on this platform to any other broker. Deposits are made via credit or debit card, bank wire transfer or numerous other methods. With a bank wire transfer you can expect it to take a little longer for the money to reach your account so it may be a few hours before you can commence trading. The minimum deposit required to open a BDSwiss account is $100.
Withdrawals are made to the same source as the deposit and tend to take between 1-5 days depending on where the money is being withdrawn to.
If you ever find yourself having withdrawal problems with BDSwiss we hightly recommend you speak to your broker about being fully verified. In 99% of cases refusal to withdraw funds is because of a lack of correct documents and identifications.
There aren't any stand out features as such with BDSwiss because what they do as standard, they do well. There are bonuses offered periodically and when they are available they tend to be generous. There is also no BDSwiss demo account for new traders.
What they do have is a very reputable trading platform that is well known for its reliability and ease of use. Their mobile experience is also designed for easy trading on the move for all types of device.
There are a wide range of assets available to trade on including stocks, commodities, indices and currencies. Microsoft, Apple and Rolls Royce are among the many stocks that can be traded whilst in the commodities category you have the option to trade in gold, silver, platinum, sugar and coffee. Add this to currencies and indices and the choice is phenomenal. For traders who want to dip their toe in another market there is certainly a lot to choose from.
Binary Site Reviews
Many reviews state that the customer support offered by BDSwiss is excellent. This is evident from the many ways to get in touch. If you click on their contact us page (which is not hidden away at the bottom of the site) you can see there are many different contact numbers and ways to get in touch including e-mail and live support.
Support is available 7 days a week, 24 hours a day but there are lots of useful links like "forgotten password" which will save you time trying to contact someone. We had no problems getting in-touch with the many departments on hand, contact was always swift and easy throughout our BDSwiss review.
They also offer an education centre where traders can learn about many aspects of binary options trading. Within this education section are links to Hot Assets, Economic Calendar and Traders Blog. There are also handy guides to how to trade and getting started.
We're going to complete our BDSwiss review here. With over 500,000 registered traders worldwide, BDSwiss appears to be a very well respected binary options broker with a lot of good features. They are very much at the top level of binary options brokers along with others registered and licensed in Cyprus and serving Europe. They were among the brokers who were keen to bring regulation to the binary options market and their CySEC regulation makes them a broker that can be trusted with your money.
Their SpotOption trading platform is intuitive, reliable and easy to use and the mobile trading experience means that it serves those who like to trade on the move. They have carved out a good name for themselves among the other "best in class" brokers. With a whole host of trade types and plenty of assets to trade in, including many commodities and stocks, there is something for every type of trader large or small.
Despite only being in the market for a few years they have very quickly made a good name for themselves amongst other European brokers for many aspects of their service including the trading platform and their customer service. As always we test all aspects of brokers services, we found no major complaints during our BDSwiss review and feel happy to recommended this broker as safe and legit.
Reviewed by: BinaryOptionsExpert.net
Frequently Asked Questions
Is BDSwiss legit, will they scam me?
BDSwiss, like all of the brokers listed are on our site, are regulated and licensed. In fact with offices in Cyprus and Seychelles and licensing by CySEC this is among the best regulation that a binary options broker can get. All brokers that you find on our site have been rigorously tested and vetted to ensure that we are happy to put our name to them. From the mobile trading experience to the ease of making withdrawals we put each broker through their paces.
Do they have a decent mobile or tablet app?
It is uncommon to find brokers without an app in this modern time of trading, or at least a good mobile website. It is simply not enough for brokers to get by with a desktop offering anymore as peoples' mobile consumption increases. BDSwiss is no exception and they have a very good mobile trading offering including a mobile website and an app available on both Google Play and the App Store.
What bonus do they offer for new traders?
Unlike many of the big brokers that we recommend BDSwiss don't offer welcome bonuses or deposit match percentage bonuses. Where many brokers like to entice people to their website with 20-100% bonuses, BDSwiss trade off of their reputation and the quality of their SpotOption trading platform. From time to time they may offer the occasional bonus but this is not standard.
Can I start trading on a free demo account?
No, again like bonuses, BDSwiss do not offer the trader a free demo account. Now with no bonuses and no demo account it would seem that they are confident of their offering and we have to say what they do, they do well so it would appear that they don't need the bells and whistles to win their customers. Just the strength of their trading platform and their good name appears to get them in front.
What's the minimum deposit and trade amount?
The minimum deposit required to open an account with BDSwiss is $100 which is less than many of the other brokers that you will find on our website. Usually the minimum deposit you will be required to make to open a binary options trading account is $250. Again with their minimum trade of $5 they do make entry into trading a little more palatable for the first time trader who is opening their very first account.
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