Established in 2011, BDSwiss has grown to become a preeminent broker. The company positions itself as a professional and customer orientated broker which is borne out by its professional looking and easy to navigate website.
Formally known as Bank De Swiss, BDSwiss is a very ‘Euro Centric’ broker, primarily targeting clients from this region. It provides a reliable trading experience without the often unnecessary frills of many brokers.
BDSwiss is a licensed brand of Keplero Holdings Ltd, a Cypriot based financial investment company. It is fully regulated under CySEC (Cyprus Securities and Exchange Commission)
Telephone: +49 (0) 691 75 36 86 49, +7 regional numbers
Trading Platform: Spot Option
Demo Account: No
Minimum Opening Deposit: $100
Minimum Trade Amount: $5
Profitability / Rebate: 70-89%
Account Holding Deposit: USD or EUR
Deposit Options:Credit/ Debit Card, Bank Wire, Sofort, Paysafecard, Ukask, Giropay, EPS
Accepts US Traders: No
BDSwiss offers a solid trading solution which provides everything that most traders will require. This is no frills broker that excels in doing the basics well.
The web based binary options trading platform uses the SpotOption engine and is designed to be a pleasure to navigate. Not only does it look good, it also works well.
All the expected option contracts are on hand with attractive levels of payouts. As an example, Higher Lower Contracts have competitive payouts of up to 89%.
Additional advanced features such as the Rollover and Double are also available. The Roll Over is useful when you want to extend a contract beyond the original contract length. You might want to use this if your contract does not look like paying out within the original expiry period.
The Double Up feature allows you to double your stake, giving you the opportunity to double your profit. You would use this is you strong expect your analysis to be correct and want the opportunity to boost your profit.
- Binary Options – Classic Higher/ Lower contracts (Call and Put) available for trading on a wide range of different asset classes.
- One Touch – High return One Touch trades. Profit from setting a level that you expect the price to touch and receive a payout when it does.
- 60 Second Binary Options – Very short term contracts which payout a set level of profit from predicting the direction that a price will move over 60 seconds.
- Options Builder – Build your own trades using the Optionbuilder tool. Set and configure the asset, the level of risk that you want to take and the expiry time for your trade.
- Pairs – Trade one Stock against another. Select the one that will outperform to profit.
BDSwiss Mobile App
Many traders now want to trade while on the move. This is possible with the BDSwiss app which provides access to your account from your mobile device.
The app is straightforward to use. It provides both the ability to trade using all popular trade types and assets offered by the broker and you can also monitor your transaction history and account details.
The app is available for both Android and iPhone users.
The BDSwiss minimum deposit requirement for a new account is just $100. This is particularly attractive to new traders who are looking to take their first steps with Binary Options.
It is however important to remember that while such a low deposit may be sufficient to get you trading on your account, in reality this amount is far short of allowing you to trade a balanced strategy. Typically if you intend to minimize your risk, it is advised that you invest a minimum of $250 and stick to the smallest allowable contract sizes.
Unlike some brokers who offer a number of different account types a single account level is provided by the broker.
You will find a good range of different deposit options offered by this broker. What is particularly nice is that the range of different deposit methods and the processing times are clearly laid out on the website. Supported methods that that offer immediate deposit include, Credit Card, Maestro, Sofort, Paysafecard, Ukash, Giropay and EPS. Wire transfer is also available but takes from 2-7 days to complete. Deposits are subject to a minimum deposit value of 100 Euros or equivalent.
You can request withdrawals on your account by any of the methods that you used to deposit your funds. Processing times range from 1-7 days dependent upon the method used.
As with deposits, withdrawals are subject to a minimum amount for processing. In this case it is 100 Euros (or equivalent) . Withdrawals are generally free except when made via Bank Wire. This method attracts a $25 handling fee.
A good range of different contact methods are provided by the broker include Telephone support, email and live chat via the main website. Furthermore eight dedicated regional telephone numbers are provided which are operational from 12:00-20:00 CET.
Support is catered for in English, German, Austrian, Danish, Spanish, Norwegian, Swedish and Italian.
This broker is not big on advertising first time bonuses. They do exist, with promotions offered to both new and existing traders. You will however need to contact the broker to find out what the current BDSwiss deposit bonus is. As with all brokers you are advised to check the terms and conditions before sign up.
You can also expect to receive periodic time sensitive offers once your account is up and running. These will vary but tend to award additional trading funds if you make further deposits to your account.
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- Good website with a clean interface – ultimatley a professional looking setup
- Wide range of different assets and contracts offered
- A low minimum deposit requirement to start trading
- Eurocentric broker
- Does not accept US traders