BDSwiss Trading Platform Review
BDSwiss Broker Review
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 ыupport 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. We’re often asked which is the best binary option trading platform or which is the best broker for online trading and right now, BDSwiss is up there on the list.
BD Swiss Pros and Cons
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; The minimum trade amount is 25€ and 10€ for 60 seconds. 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. If you’re looking for binary option brokers with no minimum deposit this is not the place to be. We would actually advise against looking for binary options trading with no minimum deposit because in most cases, such companies are very shady and are just trying to get you to sign up for their account just because it’s free to do so.
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. Based solely on their live chat, BDSwiss is probably the best binary options trading platform for beginners. You can definitely learn how to trade binary options online by reading their learning material and contacting live chat for further questions.
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. Probably the fastest way to make a profit is to make money trading online every 60 seconds. This way, you can quickly turn a few dollars in hundreds.
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. They’ll teach you how to become a binary options trader and make money with binary options in 3 simple ways (there are more but some are simpler than others).
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.
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. They won’t top the list of binary options brokers by minimum deposit but they’re not doing bad either.
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 (like when using a deep in the money call options strategy, for example).
BDSwiss Underlying Assets
The BDSwiss 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.
BDSwiss 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. In case you don’t know what is a put option and how does it work (or a call option) we highly recommend studying their lessons and contacting support for more details. You want to have a great foundation so these terms are extremely important.
- “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. They will share some knowledge on how to make money online trading 60 second binary options so make sure you put it to good use.
- “Long-term” options are suitable for traders who prefer longer time frames; 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%.
The BDSwiss platform offers different investment options to traders according to their trading strategies and preferences. Traders can invest in the Classic high/low binary options, or choose from other binary options products such as 60 seconds, long-term, one touch, and ladder options. The expiry times, the ROI, and the trading features are different for each type of option, and the platform offers comprehensive information about your options through the interface.
One of the first things you should do is find out the best time to trade 60 second binary options and the best indicator for 60 second binary options strategy. Once you know these things you can try this type of transaction and see if it is suited for you. Test out different strategies until you find that 60 seconds binary options strategy that works in most cases. Then rinse and repeat.
Traders are also provided with the option of modifying their open trades, if they believe that their positions are not conducive to the market, or if they wish to take early profits or minimize losses. Trade modification features such as the Sell feature, the Double Up feature, and the Rollover feature is designed to provide an extra layer of flexibility for traders. The Sell feature is intended to close a trade prematurely, while the Double Up and Rollover features are designed to extend the trade according to current market conditions.
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.
BDSwiss 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.back to menu ↑
Perhaps one of the only few drawbacks of opening an account BDSwiss is the absence of any promotions or bonus for trading. Such a move from the broker can be attributed to the fact that EU regulations strictly prohibit brokers from indulging in any types of promotions that may create an adverse trading environment. Therefore, if you are looking for a hefty bonus to increase your account equity before trading, you will be disappointed to learn that BDSwiss does not offer any. Regardless, the broker offers other loyalty programs and periodic promotions for existing customers, but these types of offers cannot guarantee any sizeable bonuses.
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.
The BDSwiss broker has prepared an educational section covering all aspects of binary options trading, which can be found in the “Education” section of the BD Swiss 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. You will learn how to be a good binary trader if you follow their advice.back to menu ↑
Safety and Security
The BDSwiss website as well as cashier is HTTPS Secure, which means your information is kept private and all transactions are encrypted by a 128 Bit SSL layers. In layman’s terms this means when your credit card is charged there are added security levels on it which keeps the information hacker-safe. From an operational perspective, since this is a regulated entity we are dealing with an organization which is PCI compliant. This means the credit card information is stored on a secured server by a third party specifically licensed for this type of task.back to menu ↑
BDSwiss Customer Service
BDSwiss offers a comprehensive support department that is accessible 24X7 through phone and email. The broker also offers a dedicated live chat feature on their website, which is sadly only available 24X5. Regardless, the broker has provided phone numbers for support in Germany, Austria, Spain, Norway, Sweden, Denmark, Italy, Poland, Greece, Slovenia, France, Finland, South Korea, United Kingdom, Australia, and Switzerland. The broker also provides three physical addresses, two in Cyprus and one in Germany, to ensure that traders can get in touch with the company representatives if so desired. We do rate BDSwiss customer support department to be among the best in the industry. This and other features makes them one of the best binary option brokers in the world.
BDSwiss Review Summary
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 starting on a account with smaller sums of money to get the feeling of the real market.
You are welcome to share your stories and trading experience with the broker. What do you think of BDSwiss? Does anyone make money trading binary options with them? Have you withdrawn your money from them? Is binary options a good way to make money for you? In your opinion, what is the best options trading platform? And which is the best binary options trading platform for beginners (if you’re not a beginner you don’t have to answer this)?
BDSwiss is an amazing broker of choice for binary options traders, especially since the broker offers its binary options products as a part of its FX and CFD brokerage. The broker has a lot of positives, and the lack of bonuses should not deter you from trading with the broker. Excellent platform options for both desktop and mobile trading. Competitive payouts, good choice of binary options products, flexible trade management, and guaranteed withdrawals.