Broker Review: BDSwiss (2020 Video Update)

BDSwiss is an upcoming binary trading broker that has been available online for the past few years. The service is officially owned by the investment firm BDSwiss Holding plc. BDSwiss is relatively new compared to other traders. The firm is regulated with CYSEC (Cyprus Securities and Exchange Commission) with the license number 199/13.  This means that you can assign a certain level of trust to the trades with the knowledge that the company is under a watchful eye.

BDSwiss Review

BDSwiss primarily focuses its attention to European clients with its headquarters based in Limassol, Cyprus and its holdings in Zug, Switzerland. At its current state, the company doesn’t accept any clients from the US or Canada. However, clients from the rest of world are accommodated properly. According to company figures, BDSwiss has about 1,000,000 registered accounts with over €10 Billion FX trading volume every month.

Being established as early 2012, BDSwiss isn’t a particularly old company by any stretch of the imagination but their practice is sound. The exponential growth that BDSwiss shows is usually indicative of healthy businesses. We can never have enough binary trading options that are decent and reliable. So does BDSwiss stand out from the rest? Let’s find out.

2018 Video Update

Features

BDSwiss combines the unique qualities and features of major binary traders. You can trade conventional Forex/CFD or even start trading newer assets like major cryptocurrencies with ease. Registering is painless as well as effortless and you can start trading without too much hassle.

In addition to MT4, BDSwiss has its own custom-built trading platform that is minimalistic and user-friendly which makes it a great option for first-timers. At the same time, it also incorporates the advanced features that experienced users may be well accustomed to.  All kinds of trading methods like one pair, short term, long term, ladder, and pairs are all provided and can be used with ease.  As if that wasn’t enough, the company also has it very own BDSwiss app for iPhone and Android smartphones allowing you to trade on the go.

You can even find helpful articles and training videos on their website for trading basics. These will teach basic trading information and guides for getting into trading.  In addition to that, the company also holds regular webinars for registered members to get first-hand information on trading and help answer their queries.

Customer Support

BDSwiss offer all kinds of support options for its registered members. You can get email, phone, fax, contact form, and 24/7 online chat support from them. There are about 16 national phone lines that you can call from to get phone support. They also have local offices that you can visit in person to get support. The BDSwiss support staff is usually very quick to respond and will be able to help you sufficiently most of the time.

Since BDSwiss is largely Europe based you can expect a lot of support for most European languages like Polish, German, Turkish, Portuguese, Czech, French, and English. The only drawback here is that trading from US and Canada isn’t allowed. Odd, considering the company is registered (but not regulated) with U.S. National Futures Association (NFA). But this means that BDSwiss can be considered even more credible since NFA is typically thought of as one of the best financial regulators.

Accounts

The registration process for BDSwiss is simple and painless. You can create an account within minutes and start trading without long service delays. Deposits and withdrawals tend to be fairly quick as well and you won’t be charged anything for withdrawals. Currently you can trade using two currencies; USD and EUR. The company offers all the major payment options for deposits like Visa, MasterCard, Maestro, Wire transfer, Sofort, Paysafe, UKash, GiroPay, and EPS.

In terms of trading, BDSwiss offers accounts that can give you 1 to 1.3 pips of trade spread and over 1:400 of trading leverage. There are two types of accounts provided by BDSwiss, the Basic Account and the Black Account.

Basic Account

The basic account can be opened with a low minimum deposit and minimum investment. This will grant you all kinds of site-wide benefits from the get go alone. The basic account offers an impressive average spread of around 1.3 pips. Along with this, you also get a trading leverage that can be as high as 1:400. All kinds of support and tools are provided with this account. You also get access to a minimum lot size of 0.01 and hedging is allowed on the basic account. Free access to trading tools, multilingual support, and webinars is included as well.

Black Account

The black account builds upon the basic account by providing additional features that may be of great use. Opening a black account requires a larger minimum deposit and minimum deposit than what you need on a basic account. The black account has an average spread of 1 pips and a trading leverage up to 1:400 is offered throughout. The minimum lot size on this account is 0.1, with hedging allowed. You will also get additional tools like dedicated VIP support provided by in-house support representatives. VIP educational tools are also provided to help gather necessary trading information. To top it all off, you get free access to a virtual private server service on request.

Conclusion

BDSwiss offers some great options for trading all kinds of assets. As far as binary trading options go, it is one of the more streamlined and easier ones that you can go with. The minimum deposits and other preliminary requirements are much lower than most brokers you’ll come across. It’s also one of the few trading portals that don’t charge any commissions on your trades. The intuitive interface coupled with helpful learning materials makes it one of the easiest gateways to get into trading.

For people living in Europe there’s no better option owing to the great multilingual support offered here. The only hesitation here might be because of concerns over your trading safety but with regulators like CYSEC there’s no better assurance.