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BDSwiss - Detailed Review and Trader Feedback

regulation
Regulated by CySEC
(license 199/13)
region
Accepts traders from
United Kingdom
rating
4.5
/ 5
Rating: 3
Reviews: 37
bonus
Free educational materials
Register within 10:00 minutes and receive a gift
BDSwiss (Banc de Swiss) is one of the largest European binary options brokers; it is operated by BD Swiss Holding PLC, registered in Cyprus. The company meets most modern standards and offers quality services for traders of all levels. Full review
regulation 1
The broker is regulated by CySEC, license number 199/13, and obeys the financial services rules of the European Union
regulation 2
Customer funds are segregated from the brokerage company's own funds and are held in European banks.
Trading conditions
Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
200
up to 85%
$100
$1
Demo account:
Online registration:
Call support:
Chat with support:
no
yes
+49 (0)691 75 36 86 41
yes
Tradable assets:
200
Option profitability:
up to 85%
Minimum deposit:
$100
Minimum trade amount:
$1
Demo account:
no
Online registration:
yes
Call support:
+49 (0)691 75 36 86 41
Chat with support:
yes
Deposits and Withdrawals
b_visac_mastercardd_bankf_skrill
Review of BDSwiss
Broker rating: 4.4 / 5

1. General information

In 2013, BDSwiss obtained a license from Cyprus's financial regulator, CySec. The company is also regulated elsewhere in the EU and has its headquarters in Germany. Despite the fact that this is a relatively new broker, it must be noted how quickly it gained popularity and sympathy among numerous traders.

Special emphasis is given to live communication with the customers. You can contact DBSwiss Support team via an online chat on their website, by phone or email. Whatever the case, problems are typically resolved within the shortest possible time.

Since its inception, BDSwiss.com did its best to create a fast, reliable, and multi-functional platform for trading binary options. It can truly be called a modern broker deserving attention of serious traders.

2. Advantages and disadvantages

Well-known platform. The broker’s platform operates on the basis of SpotOption, a popular product with a simple and intuitive interface solving the problem of exploring the platform.

Multilingual platform. At the moment, the website and customer support are available in 19 languages, the fact that has helped the company gain its popularity so quickly, in pursuit of its target to become one of the leading binary options brokers in the world.

The broker for everyone. The minimum deposit amount with which you can start trading is $100; minimum trade volume is $5. Thanks to these conditions, the broker’s platform is suitable for both professional traders and newcomers, who can learn to trade without risking large sums of money.

Wide choice of assets. BDSwiss offers trading in 171 underlying assets from four major categories: stocks, currencies, indexes, and commodities. It is also worth noting that there are six types of option contracts available for trading.

Round-the-clock support. As it was mentioned above, customers can get answers to their questions fairly quickly by using one of the following means of contacting the company: live chat, telephone or email. Support is provided in all languages that are available on the website.

Personal manager. Each new client receives a personal manager who is ready to provide support over the phone or by other means.

Regulation. The broker is supervised by Cyprus's financial regulator – CySec (license number 199/13). In addition to that, the company is regulated in other EU countries, which ensures the broker’s transparency and reliability.

High payout percentage. When the prediction is correct, the trader may receive up to 85%profit in a single transaction.

Training. Major attention has been given to educating the traders. Exclusive webinars are held on a regular basis, in addition to free learning materials, expert support, and other benefits.

Mobile applications. BDSwiss traders can trade worldwide and from any device, using the mobile version of the platform for their smartphones and tablets, which is available for Android and iOS.

Discussion platform. With the help of the Discussion platform you can share your experience and communicate with other traders via the available means of communication.

Useful tools. The platform provides additional tools for profitable trading – an economic calendar, market analytics by professional traders, a blog, etc.

10% refund for unsuccessful trades. This option can be configured by the trader and may affect the payout percentage for profitable trades.

No Windows phone support. The mobile platform is not available for Windows devices at the moment.

3. Trading conditions

Trading conditions provided by the company are suitable for those who do not want to invest large amounts in trading as well as those who are ready to trade with large sums of money. The minimum deposit amount is $100, while the minimum investment amount is $5; trading accounts can be opened in USD, EUR or GBP.

In case of a correct prediction of the price movement, the trader receives 65-85% profit per deal. For most underlying assets, the quotes are generated based on the formula (bid + ask)/2, which is why we advise to check if a third-party signal or indicator service employs a similar pricing principle in case you are using one to improve your trading results.

4. Underlying assets

The broker’s platform provides over 170 assets from four major categories: currency pairs, shares, commodities and indices. Such diversity opens up new horizons for traders, allowing you to try your hand in new markets and make more profit in trading. In the Assets section on the company’s website, you can find the open/close hours for the various available assets.

It is worth mentioning that of the platform also offers more exotic assets, such as USD/ZAR, USD/SGD, USD/RUB, USD/BRL, or USD/TRY providing an opportunity to diversify your trading strategies by participating in less competitive markets.

5. Trading platform

The company’s developers have used the popular SpotOption system as the basis for the trading platform. It is notable for fast trade execution, intuitive and easy to use interface, as well as lack of delays, slippage, and other nuisances. The high quality of SpotOption is confirmed by the fact that the platform is currently being used by numerous large binary options brokers. The platform does not require downloading to your computer - you can trade right in your browser.

At the moment, there are six types of options contracts available on the BDSwiss platform:

  • “Call/Put” – the most popular instrument where you need to predict whether the price of the underlying asset will move above or below the opening level of the transaction within 10, 15, 30 or 60 minutes. This type of options can be traded on any asset available on the platform.
  • “Pairs” – many of you are familiar with the concept of currency pairs, where the currencies of different countries are regarded against each other. The “Pairs” instrument has a similar principle: it allows you to bet on the relative performance of two assets, for example Shell shares versus crude oil.
  • “60 seconds” or short-term options. The basic principle here is similar to “call/put” options; the only difference is the expiration time, which can be set at 60, 90, 120, 180, or 300 seconds instead of hours or days.
  • “Long-term” options are suitable for traders who prefer longer timeframes; the expiration time may vary from the end of the current week to the end of next year.
  • “Ladder” – in this case the broker sets certain price levels with respect to the selected asset; the trader needs to define the level which will be reached by the asset price within the set time period.
  • “One touch” is similar to “ladder” options - the trader predicts whether the price of the underlying asset will touch a pre-defined price level at least once before the expiration of the option. As a rule, the “ladder” and “one touch” options are riskier, but also offer payouts over 85%.

Another advantage of the BDSwiss platform is the “Pro Trader” feature, which, when activated, will display a detailed chart of the selected asset with technical indicators and other useful tools. Using the chart you can analyze the market and make entry decisions right from the broker’s platform.

6. Mobile trading

BDSwiss has paid a lot of attention to mobile apps which allow you to trade from any location which has Internet access. The mobile version of the platform differs from the desktop version only in location and size of the interface elements; otherwise, it offers a virtually identical set of features and operates just as fast. The app is automatically synchronized with the web platform in real time, which means you can use both of them interchangeably with the same BDSwiss account. The mobile platform can be downloaded for free via Google Play or the App Store.

7. Deposits and Withdrawals

You can open an account by clicking the “Create Account” button on the broker’s official homepage. The following information is required to complete the registration process: your first name, last name, telephone number, email, password, your gender, date of birth, country of residence, and the currency in which you are going to make a deposit. After completing the registration you can start trading by funding your account. It is worth mentioning that you can only withdraw money to the same payment system which was used for funding the account. BDSwiss supports the following payment methods: Visa, MasterCard, and Maestro debit/credit cards; Ukash electronic payment system and bank transfers.

In order to prevent money laundering, every new customer is required to verify their identity by providing a scan or a photo of a personal ID (passport, driving license, etc). The minimum withdrawal amount is $10. As a rule, the money is transferred to the beneficiary’s account within 2-8 working days, depending on the transaction method.

The security of transactions is ensured by an electronic SSL certificate (Secure Sockets Layer) which guarantees the safety of your funds as well as the privacy of your transactions.

8. Trader education

The broker has prepared an educational section covering all aspects of binary options trading, which can be found in the “Education” section of the BDSwiss website. In addition to that, the company’s experts regularly conduct exclusive webinars, release market reviews, and provide other free educational materials. Another way of receiving help with trading is turning to your personal manager or customer support.

9. Should I trade with BDSwiss?

The trading conditions offered by BDSwiss indicate that the broker makes continuous efforts to remain one of the industry leaders. The company is regulated by EU financial authorities, boasts a top-notch, high-speed trading platform with 170+ assets and six types of instruments. BDSwiss offers step-by-step training and is always ready to provide prompt support and solve any issue within the shortest possible time. Since its founding, the broker has managed to prove its competence, establish a reputation, and win top positions in various ratings. You can get acquainted with BDSwiss by opening a free demo-account or starting on a real account with smaller sums of money to get the feeling of the real market.

In the comments section below, you are welcome to share your stories and trading experience with the broker. What do you think of BDSwiss?

Reviews on BDSwiss

Comments about BDSwiss
( 37 )
User rating: 4.5 / 5

Comments: 37

  1. avatar
    Alejandro
    02/11/2015

    Hi can I trade if I am based in Spain?

    • avatar
      Thomas / BOTT
      07/11/2015

      Hello Alejandro! Yes, BDSwiss accepts traders from Spain. Please click on the language switch in the top right corner of the official website, and choose the appropriate language – it will take you to the localized website.

  2. avatar
    GG
    12/12/2015

    I’m thinking about trying BDSwiss, but still hesitating. Does anyone have experience in live trading with them? Thanks!

  3. avatar
    ~man-of-steel~
    05/01/2016

    After seeing their TV ad decided to give it a try, so far everything is going well. I am comparing the quotes with Bloomberg and Reuters, they match 99% of the time, so more or less reliable.

  4. avatar
    Mono
    17/01/2016

    Still skeptical, how can a platform with Forex, CFD, and Binary be all on teh same platform and still all of them be equally good?

    • avatar
      FirestarteR
      01/02/2016

      those are two separate platforms, they use MT4 for forex and their own in-house platform for binary trading.

  5. avatar
    Branco
    01/02/2016

    how long does it take to withdraw money to Skrill?

  6. avatar
    888
    27/02/2016

    should I choose forex or binary options, it says on the broker wbesite that the latter is better for beginners, is that so?

    • avatar
      crafter
      15/03/2016

      Forex is more complex, you need to fully understand margin requirements, spreads, swaps, etc

    • avatar
      Finn
      02/04/2016

      go for forex, you’ll have more flexibility, and MT4 is a more mature platform

  7. avatar
    Neo
    14/03/2016

    ladder options wtf?! 😀

    • avatar
      pipburn
      16/03/2016

      Read the review above, it’s all there, I think they added a new section

  8. avatar
    Turbo
    16/03/2016

    …Deposited 300$ three days ago now there is only 250$ left, lost fifty bucks as a result of 14 trades, won some and lost the others, overall the platform is convenient to use and I havent noticed price realignments or sudden unexplained changes. I will continue polishing my trading strategy

  9. avatar
    i
    19/03/2016

    what do you people think is the optimal sum for each single trade if I am planning to start with 400 euros??

    • avatar
      pipburn
      29/03/2016

      At most 5% of your deposit per trade, not more, I would say

      • avatar
        LOL
        30/03/2016

        5 percent?! are you serious?!? with this kind of strategy you are sure to exhaust your funds very quickly. 1% is closer to optimum, especially if you’re trading currencies.

  10. avatar
    Nick B.
    02/04/2016

    Do BD Swiss offer a demo account?

    • avatar
      Thomas / BOTT
      21/04/2016

      Hello Nick, at the moment BDSwiss does not offer demo accounts – in order to trade, you will need to create an account (free of charge), pass the identity verification process (required by the regulator) and fund your account (minimum first deposit is $100).

  11. avatar
    Skafte
    06/04/2016

    I’ve seen Banc de Binary some time ago, is this the same broker or is it a new entity?

    • avatar
      Thomas / BOTT
      08/04/2016

      Hi Skafte, Banc de Binary is a separate company, not affiliated with BDSwiss in any way. BDSwiss was founded as Banc de Swiss and rebranded shortly after, though, so you might have heard of us as Banc de Swiss.

  12. avatar
    cal
    01/05/2016

    God damn it! I LOST one hundred dollarsd on this stupid thing!! How can they call themselves broker if people like me are losing money!!!!

    • avatar
      Klaus
      15/05/2016

      it’s a good time to rethink your trading strategy 😉 financial markets do not owe you anything, you can earn a profit if you’re among the 50% who are better than the others. it’s unproductive to blame the tool for your own lack of competence

  13. avatar
    sensei gochi
    04/05/2016

    is there a withdrawal limit for electronic payment systems?

  14. avatar
    Urban
    08/05/2016

    Can I open a second account on the same name? Will they let me trade on two accounts simultaneously…

    • avatar
      TOR
      08/05/2016

      Why would you need to do that?

  15. avatar
    Erik
    08/05/2016

    I have the following situation: a month ago I made a deposit from a Mastercard; by now it has expired, will I be allowed to withdraw to a different card?

    • avatar
      YoYo
      10/05/2016

      same question here

    • avatar
      Thomas / BOTT
      13/05/2016

      Hi Erik, sure, just contact your personal account manager and explain the situation. You can also use the live chat or call us on the phone.

  16. avatar
    K.O.
    17/05/2016

    really like the design of the trading platform

  17. avatar
    Jon
    21/05/2016

    I used to trade forex for several years on FXPro and Ducascopy, could earn some profits but definitely not enough to sustain myself. Are binary options any different? As far as I can see there is no margin, which is good, but it’s still quite risky. Does someone here have long experience with binary options and if yes, are you able to have stable profits? Thank you!

  18. avatar
    Happy Martin
    02/06/2016

    ..chatted with support, friendly guys

  19. avatar
    kim
    04/06/2016

    from your experience, is the welcome bonus worth it? If yes, how do I get it, when I registered an account nobody offered me anything..

    • avatar
      Thomas / BOTT
      04/06/2016

      Hi Kim, please note that the welcome bonus is offered as a means of increasing the trading amount and thus reaching higher deal outcomes, and not as “free money” – there are certain requirements a trader must meet in order to be able to withdraw the bonus amount, they are available on our official website. Regarding your question – every trader is eligible for a welcome bonus of 50%, if for some reason you were not offered it during the registration process and you still want to use it, please contact your manager or any other BDSwiss support specialist, they will be glad to assist.

      • avatar
        kim
        04/06/2016

        Thank you for a quick reply Thomas! Will bear that in mind

    • avatar
      ericsson
      04/06/2016

      Wouldn’t recommend, it will just make you less careful. I’d advise to trade using your own money, this way you’ll stay more focused.

  20. avatar
    keidson
    18/02/2017

    Hi can I trade if I am based in Brazil?

    • avatar
      Mima
      11/03/2017

      Yes you can.

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