BDSwiss are a fully regulated (CySec) broker. In our review we explore the trading platform, highlight the benefits of the demo account and explain why this brand is not a scam, and can be used with confidence.
The review also includes bonus and promo codes when available, and coverage of minimum deposit and withdrawal features, mobile app review, MT4 integration and login information. Read on the find out more.
Minimum Deposit: £10
Payout: Up to 85%
Demo Account: Yes. (With separate Binary and Forex demo accounts)
BDSwiss is a member of the investor compensation fund:
“This fund is a private legal entity, which will compensate client’s non-invested capital up to €20,000 in the event of the company’s liquidation.” – BDSwiss.
BDSwiss makes use of the SpotOption platform for their binaries. A different bespoke platform delivers FX/CFD. This also has a free demo account separate to the binary account. For the Binary Options demo account, you need to register and contact your account manager in order to have demo funds aded. The image below shows the BDSWiss Binary Options platform and the steps to making a trade;
This platform is the standard SpotOption offering. It comes equipped with:
You can load 16 assets at the same time for quicker trading. We explain each trade type in more detail below.
The trading charts on the Binary platform use Line or Candlestick format. You may also choose among the following expiry timeframes: 1, 5, 15, 30, 60 minutes and 4 hours, Daily, Weekly and Monthly.
A number of indicators that can be directly inserted to your charts are:
The platform for the Forex trading however is different and is much more advanced. You could compare it to MetaTrader 4 with loads of indicators, technical tools and many more settings.
Typical Binary Options types of options such as Short term, Long Term, Pair trading, Ladder and Touch.
Regular Binary Options: The basic binary. Will the value be higher/lower at expiry?.
Short Term: The same format as a basic binary – but over a very short time frame – just 60 seconds.
Long Term: Basic binary trades, but with long term expiries (over one week).
Pair Trading: Which of two assets will perform better (or worse). Example pairs are Gold vs Silver or Amazon vs Ebay.
One-Touch: Will the price value touch a certain level, or not?
Ladder: Will pre-set price levels be reached, or not? Ladders normally offer higher payouts where the price movement required is large.
Short term expiries have a £1 dollar minimum trade size, some others rise to £25.
The payouts reach up to 85% for major currency pairs and most assets offer payouts within the 70% to 80% range. Higher payouts are possible with Ladder options
The list of assets is not the strongest with this broker. With just under 70 we can consider this average. The major currency pairs available, as you would expect. Also, the assets you can trade depends on the option type (As an example, only 7 pairs are available for Pair Trading).
In total, there are 11 currency pairs, 4 Commodities, 3 Indices and 17 Stocks available on the standard binary list. This should satisfy most customers, but those looking for more exotic market choices might want to double check it is listed.
Live chat is available in English, German and Italian. In order to access Live chat, you need an email address and a username. Support is also available via email, and telephone. 16 languages are catered for with telephone support – a great level of coverage.
Our usual advice applies – read the terms and conditions thoroughly. We found a couple of items to highlight: 1. Dormant account fee is applied after 6 months of inactivity. If you remain inactive after 6 months, a 10% fee will be deducted from your account ranging from minimum 25 Euros but NOT more than 78.90 Euros. Dormant fees are common, and a 6 month leeway is fair. If you think you will be inactive for a while, withdraw your balance.
BDSwiss recently expanded their list of deposit and withdrawal methods. Their aim was to allow more users to be able to transfer money using the most familiar service to them. The main options of wire transfer, credit and debit cards, and ewallet providers deliver a good choice of payment method.
BDSwiss, short for Banc De Swiss, was established in 2012 and offers Forex, CFD and Binary Options trading. They are regulated by CySec under the following License number: 199/13. Their registration number is: 300153 and their address: 23, Spyrou Kyprianou Avenue, Protopapas Building, 3rd Floor, Mesa Gitonia, CY-4001 Limassol.