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BDswiss is a safe binary options broker that is popular especially in Germany and other parts of Europe. BDSwiss does not accept US traders. The minimum deposit is very low. You can start trading with only $100.
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Broker Review
BDSwiss is a binary options broker that was formed in the year 2010. It is licensed and located in Cyprus, and it is thought to be an absolute favorite with any trader who works with them. The broker is very easy to use and is able to provide traders with a range of different options based on a platform that is bound to make everyone feel at home.
It is also one of the simpler brokers out there. There aren’t too many complex account types and bonuses to clutter up the space. This one is all about the raw trading, and it seems to do pretty darn well with it. Here you can find a very detailed review of the site and its features, so that you know whether or not to trade on it.
Account Types, Bonuses and Unique Features
BDSwiss isn’t one of those binary options brokers that offers a ton of bonuses right off the bat. It is a lot more refined than this. It feels like an exclusive club, because it doesn’t attempt to lure a trader in with the promise of big bonuses only to be let down while actually using the broker.
Instead, BDSwiss allows for a trader to enjoy the benefits of promotions and bonus offers that make themselves available every now and then at regular intervals. These vary in content, but are usually very useful indeed because of the higher potential for returns that they offer.
A typical binary options broker offers traders a number of different account types that are typically arranged in tiered form. This means that the account is unlocked based on the amount of money that the trader deposited initially. Instead of confusing a beginner with all of this, the company simply offers just one type of account.
This one can be opened by anyone who makes the minimum deposit amount of $100. This is one of the lowest deposit requirements that we have ever seen a broker ask for, which is another thing the broker has going for it.
Security and Licensing
If there is one thing that any trader should look for in a broker, it is their licensing. If a broker is regulated by an authority, it is going to adhere to the highest standards in the industry in terms of the security of your private information and the money that you invest in them.
When checking up on the security and the licensing of BDSwiss, it was found that they have a license with CySEC, the Cyprus Securities and Exchanges Commission. This is one of the most famous in the entire industry, and means that you can be assured of the highest quality of service and security.
Trading Platform Review
BDSwiss uses one of the best platforms known to the trading community. This is the SpotOption platform. It is known for its reliability and the fact that it feels very familiar for most traders with even a little experience to use.
The company that builds this platform is also very famous for being incredibly secure and easy to use. The platform is centered around accessibility, and you can actually feel how simple it is when you use it. BDSwiss also supports trading via their mobile platform that can also be very fun to use indeed.
There are many different assets provided by the broker including 7 commodities, 36 stocks, 14 currency pairs and 20 indices. This allows for a lot of diversification when trading. Trade options include the classic High/Low options, 30 or 60 second trades, Pairs, Long Term, Ladder and One Touch. There are some features unique to BDSwiss as well, such as Double Up on trades and Rollover which can increase the expiry time of a trade for a small premium.
Deposits and Banking
BDSwiss allows for a number of different banking methods to be used to make both deposits and withdrawals. Some of these include major credit and debit cards, bank transfer, Swift and Western Union. Payouts are fast and hassle-free.
Overall, BDSwiss is probably one of the most fluff-free sites that we have seen in a brokerage. It isn’t a bad thing, as it manages to pack quite a punch for its size. Make sure you check it out when looking for somewhere to trade!
Customer Reviews and Support
BDSwiss has received excellent reviews on Trustpilot with a rating of 4.7 out of 5.
The majority of reviews (85%) gave BDSwiss a 5-star rating while 8% gave it a 1-star rating.
Customers have praised the stability of the system and the excellent customer service provided by account managers.
Some customers have suggested that BDSwiss should improve its withdrawal process to ensure faster transactions.
The customer service team is praised for being quick polite and effective in addressing customer queries.
The user-friendly app and easy accessibility of support are also highlighted as positive aspects of BDSwiss.
Specific account managers such as Okay Nonthanakorn Irida and Sebastian are mentioned for their outstanding support.
The registration process is described as smooth and prompt with friendly and professional service provided.
BDSwiss is commended for its knowledgeable team supportive customer service and quick problem-solving abilities.
Some customers have suggested removing the policy of requiring withdrawals to be made through the same method as deposits.
BDSwiss is credited with providing solutions to difficult technical situations and gaining trust from customers.
Andreas an account manager is mentioned several times for his support strategies and teaching abilities.
The company’s commitment to continuous improvement innovation and user experience enhancement is highlighted.
BDSwiss offers educational resources webinars video courses and daily market news to support traders of all levels.