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 or an unlimited demo should not deter you from trading with the company
An Introduction To BDSwiss Trading Services
BDSwiss is one of the more reliable and reputed companies in the binary options market, and enjoy a fair amount of popularity among the retail trading crowd. Till date, BDSwiss has served more than 700,000 individual accounts for traders from more than 125 countries, making it one of the largest brokers in the industry. BDSwiss has numerous products and services in its portfolio, and this comprehensive BDSwiss review should help traders to get detailed information about the trading features, platform options, fees, payouts, and the bonuses provided by the company. We also attempt to find out whether BDSwiss is committed to the welfare of its traders, and if traders can truly take advantage of the numerous financial products as promised by the company.
BDSwiss Regulation, Licenses, & Other Company Information
BDSwiss is a Forex and CFD broker that also provides binary options trading and allied services to its traders through its online brokerage. The company was founded in 2012 as a mainstream FX broker and has ever since grown into one of the more established financial trading companies in the market. BDSwiss is predominantly a European Forex broker that is located in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC) for dealing in FX, CFD, binary options, and other financial products. It is also important to note that BDSwiss is registered with the National Futures Association of the US, but it does not seem that the company offers its binary options trading services to traders from the US.
BDSwiss account holders are protected by one of the best regulatory frameworks in the entire financial world. The EU is indeed considered to be the most preferred jurisdiction for traders, due to the different laws and regulatory policies that govern the operation of domiciled financial companies. BDSwiss is also required to conform to all EU regulatory guidelines and is expected to satisfy minimum operating capital of €1 million, safeguard clients’ investments through segregated accounts, and maintain financial transparency through routine audits and financial scrutiny.
BDSwiss is regulated and registered with the CySEC under the brand name BDSwiss Holding PLC, while its American counterpart is registered with the NFA as BDSwiss LLC. BDS Markets is another entity of the company that is regulated by the Financial Services Commission to act as an investment dealer. Hence, BDSwiss is indeed a safe financial company to park and invest your trading capital.
Trading Binary Options With BDSwiss Financial Assets
BDSwiss offers a fantastic choice of options for investing in more than 250 financial assets, which does spoil the choice for most binary options traders. BDSwiss has certainly made it a priority to offer one of the most comprehensive collections of financial instruments for its traders, which is reflected by the sheer number of FX currency pairs, commodities, indices, and stocks available for trading. Although some traders may be overwhelmed by a large number of tradable assets, it is indeed a good strategy by the company to ensure that it has covered a wide range of the market to help investors enjoy a diversified investment portfolio. Here is the complete list of BDSwiss financial assets offered to traders:
Forex Currency Pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/DKK, USD/JPY, USD/NOK, USD/PLN, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR
Commodities: COCOA, COFFEE, COPPER, CORN, COTTON, GOLD, GOLD/EUR, NATURALGAS FUTURE, OIL, ORANGES, PALLADIUM, PLATINUM, RICE, SILVER, SOYBEANS, SUGAR, WHEAT
Indices & Bonds: NYSE or the NASDAQ, AFRICA, ASX, ASX FUTURE, ATHENS, BOMBAY SE, BOVESPA-F, CAC, CAC 40, CSI 300, DAX, DAX FUTURE, DOLLAR INDEX F., DOW, DUBAI, EURO STOXX 50, EURO STOXX 50 F, FTSE 100, FTSE FUTURE, FTSE MIB FUTURE, GERMANY 10YR BOND, HANG SENG, HANG SENG F., IBEX, IBEX FUTURE, KUWAIT, MICEX, NASDAQ, NASDAQ FUTURE, NIFTY FUTURE, NIKKEI 225, NIKKEI FUTURE, PORTUGAL, RTS FUTURE, RUSSELL 2000, S&P 500, S&P FUTURE, SHANGHAI COMPOSITE, SMI FUTURE, SSE180, TADAWUL, TEL AVIV, TOPIX 100, U.S 10 YEAR NOTE, U.S 30 YEAR NOTE
Stocks: 3M, ADIDAS, AIG, AIRBUS GROUP, ALIBABA, ALLIANZ SE, ALPHABET (Google), AMAZON, ANZ BANK, APPLE, AXA SA, AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BASF AG, BAYER AG, BHP-AU, BLACKBERRY, BMW, BNP PARIBAS, BOEING, BP, BRITISH AMERICAN T, CATERPILLAR, CHEUNG KONG, CHINA PACIFIC INSU’, CISCO, CITIGROUP, COCA COLA, COMMONWEALTH BANK, DAIMLER AG, DANONE, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, E.ON AG, EBAY, EXXON MOBIL, FACEBOOK, FedEX, FERRARI, GAZPROM, GENERAL ELECTRIC, GENERAL MOTORS, GoDaddy, GOLDMAN SACHS, GoPRO, GROUPON, H & M, HSBC HOLDINGS, HSBC-HK, IBM, INTEL, JOHNSON & JOHNSON, JP MORGAN CHASE, KING DIGITAL (Candy Crash), LAS VEGAS SANDS, LINKEDIN, LLOYDS BANK, LOUIS VUITTON, LUFTHANSA, LUKOIL RS, MASTERCARD, MAZDA MOTOR, McDONALD’S, METRO AG, MICRON, MICROSOFT, NETFLIX, NIKE, PETROBRAS, PFIZER, PING AN INSURANCE, PROCTER & GAMBLE, PUBLICIS GROUP, PUMA, RENAULT, RIO TINTO, RIO-AU, ROSNEFT’, S.BANK INDIA, SALESFORCE.COM, SANDISK, SANOFI SA, SAP, SBERBANK, SEARS HOLDINGS, SIEMENS AG, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS, TATA STEEL, TELEFONICA, TENCENT HOLDINGS, TESCO, TESLA MOTORS, TOSHIBA CORP, TOTAL, TOYOTA (US), TWITTER, UNICREDIT, VIVENDI, VODAFONE, VOLKSWAGEN, VOLVO, WAL-MART, WYNN RESORTS, YAHOO
In addition to the traditional financial instruments, BDSwiss also allows its traders to bet on the fluctuations in the value of two different stocks and indices compared side by side. Such a binary options product is called PAIRS, and BDSwiss offers a large collection of PAIRS, which pits two leading blue chip companies in a particular industry against each other. Here is the full list of PAIRS offered by the broker:
PAIRS: AMAZON VS EBAY, AMAZON VS NETFLIX, APPLE VS AMAZON, BARCLAYS VS LLOYDS BANK, BMW VS DAIMLER, BMW VS RENAULT, BNP PARIBAS VS BARCLAYS, CITIGROUP VS AIG, CITIGROUP VS JP MORGAN CHASE, DAX F VS FTSE F, DAX VS CAC 40, FACEBOOK VS TWITTER, FTSE F VS CAC F, GOLD VS OIL, LINKEDIN VS FACEBOOK, LINKEDIN VS TWITTER, MAZDA VS TOSHIBA, NASDAQ VS APPLE, NIKKEI 225 VS TOSHIBA, NIKKEI VS SUMITOMO MITSUI, RIO-AU VS BHP-AU, S&P 500 F VS NASDAQ F, SIEMENS VS E.ON, STOXX 50 F VS FTSE F, VODAFONE VS ORANGE, VOLKSWAGEN VS DAIMLER.
Analysing The BDSwiss Payouts & Fees Of Trading
BDSwiss guarantees of a Zero fees trading environment, where all trades are executed at no cost to the trader. BDSwiss is a binary options broker that takes the opposite end of your trade, and hence, there is a direct conflict of interest. The binary options market works on the principle of pitching traders against the broker, instead of the traditional trader against the market concept. Therefore, it ‘s hard to find any broker that offers binary options trading without any sort of conflict of interest. Nevertheless, a good amount of regulation does guarantee a fair and reliable trading environment, and traders don’t have to worry about any costs or fees for binary options trading.
The binary options payouts range from 60% to 85%, and the minimum investment required for trading is $1. There is, of course, a maximum limit set for binary trading, which only allows traders to invest a maximum of $1500 per trade. It is common for binary options brokers to set a maximum limit on the maximum investment that can be risked for a single trade, and $1500 is the absolute maximum in the market. Any amount that is greater than $1500 can pose an incredible amount of risk to the trader, and can also induce difficulties for the broker.
BDSwiss Platforms & Trading Features
BDSwiss does not have a proprietary trading platform, instead, uses the third-party SpotOption software that is employed by a majority of binary options brokers in the industry. SpotOption is an advanced binary options trading interface that is completely web-based and does not require any downloads or installations. The SpotOption platform is pretty much a ‘plug-in and play’ trading platform that offers a wide range of trading features and functionalities for traders to invest in different types of binary options.
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.
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 minimise 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.
BDSwiss Mobile Trading
BDSwiss supports mobile binary options trading through its iOS and Android apps, which is a boon for traders on the move. The BDSwiss mobile trading platforms are incredibly easy to use and are developed by the company to offer the same features and functions of the Web-Trading interface in a smaller package. Obviously, there are some limitations to the mobile trading apps, which are to be expected due to the diminished screen real estate and the relatively low processing power of smartphones and tablets.
Despite the few shortcomings of the BDSwiss mobile apps, they do perform far beyond the capabilities of other mainstream mobile trading platforms. It is easy to download the apps from the Appstore and Google Play store, and all you need is your login information to get you settled into your binary options trading account.
The BDSwiss Payment Options & Minimum Deposit/Withdrawal Information In Detail
BDSwiss has followed the current acceptable norms in the industry by offering a wide array of payment options, including Visa, MasterCard, Bank Wire, Neteller, Skrill, SOFORT, eps, and giropay. It is certainly not a surprise that BDSwiss enables its clients to choose from multiple payment options, as most modern traders require the convenience and flexibility of making a deposit or withdrawal through both offline and online payment channels.
BDSwiss does not have any specific minimum deposit requirements, and traders are free to invest any amount of money into their accounts as they prefer. Therefore, traders can start trading with as low as $1, but it would be advisable for traders to invest at least $250 to increase their odds of winning. The minimum deposit option and easy payment options can certainly put BDSwiss at a premium advantage over its competition.
All deposits are cleared within the matter of a few seconds, but withdrawals do take some time. Online payment processors such as Skrill and Neteller may be able to process withdrawals within 24 hours, but other payments may take anywhere from 2 to 4 days for cleared payment. Nevertheless, you can be guaranteed of receiving your withdrawals without any issues, as BDSwiss is bound by European laws and regulations that ensure 100% payments to traders without any conditions.
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.
BDSwiss Demo Account Options
It also appears that BDSwiss does not offer any type of demo account or practice account to its traders, which is indeed a strange occurrence. Most regulated brokers offer a free demo account; even it is for a limited period, so as to ensure that their clients can get familiar with their trading platforms. However, upon contacting the customer service department, we did receive information that there is a limited period demo, which means that such an option is only available on request. Nevertheless, we would like BDSwiss to consider the option of providing a free demo to all traders without any reservations or upon specific requests if it plans on being relevant to all future clients.
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.
BDSwiss Extra Features
BDSwiss is primarily a Forex and CFD broker, which gives traders access to a large number of trading resources such as news, economic calendar, traders journal, course, live webinars, and other market analysis. Traders can also exercise their option of investing in other financial markets, and reduce their risk by opting for more traditional investment opportunities if desired. Hence, BDSwiss is certainly a great broker to consider when it comes to the full range of services that are available in the financial markets.
BDSwiss Final Verdict
- An EU regulated broker that is compliant with US NFA regulation for an excellent security of funds.
- Offers the most varied financial instruments covering all major global markets.
- Competitive payouts, good choice of binary options products, flexible trade management, and guaranteed withdrawals.
- Excellent platform options for both desktop and mobile trading.
- Professional customer service department.
- No bonus offered to traders.
- The demo account is only available for a limited period.
- US traders not accepted, despite NFA registration.
Are Traders From the US Accepted?
No, despite the NFA registration, BDSwiss does not accept traders from the US for its binary options trading products.
Are My Funds Safe?
Yes, EU regulation through the CySEC guarantees the safety and security of your funds.
Does BDSwiss Allow Traders To Invest in Traditional FX & CFD Markets?
Yes, BDSwiss offers its binary options services along with its traditional FX and CFD brokerage. Therefore, clients are free to choose any financial market as per their preferences.
Does BDSwiss Offer Reliable Trading Platforms?
Yes, BDSwiss offers SpotOption as the primary desktop trading platform, while the broker has also developed excellent trading interfaces for both iOS and Android operating systems.