Trade Forex, CFD & Binary Options Products With A BDSwiss Trading Account
With its dependable and reliable brokerage, BDSwiss has clearly emerged as one of the favourite and reliable binary options companies in the market. Traders have to be aware of the numerous scams and fraudulent activities occurring in the binary options market, but BDSwiss has managed to stay clear from all negative influences by becoming one of the leading service providers in the industry. It also helps that BDSwiss offers binary options trading alongside its traditional FX and CFD brokerage, which provides an opportunity for traders to indulge in conventional forms of investing or choose the high-risk binary options product.
Very few binary options brokers can claim to provide its services to traders from all over the world. BDSwiss is binary options broker and currently serves close to a million traders from different parts of the globe. With a proper evaluation of the broker’s services through a detailed binary options brokerage review, we determine whether BDSwiss can indeed stand up to its promise of delivering a world-class binary options service to its clients.
BDSwiss Regulatory Status
BDSwiss is primarily a Forex and CFD broker, which also deals in binary options trading. In 2012, BDSwiss started its financial operations by basing its offices out of the US and Europe. BDSwiss is regulated by the National Futures Association (NFA) in the US, and the Cyprus Securities and Exchange Commission (CySEC) in the EU. Although the broker is authorised by the NFA to operate as an FX and CFD broker in the US, it may not be allowed to indulge in binary options services due to the existing regulatory guidelines that are prevalent in the country.
BDSwiss regulation is one of the primary reasons why traders enjoy a safe and secure trading environment. The CySEC has developed a comprehensive regulatory framework according to the European Markets in Financial Instruments Derivatives (MiFID), which concentrates on enhancing the safety aspect of investing with BDSwiss. The CySEC has recently introduced several new policies for governing binary options brokers, and have specified all companies to prove sufficient capital adequacy to ensure that all traders’ funds are kept secure from any broker insolvency issues.
In order to prevent traders from facing any issues with retrieving funds during the liquidation of a broker, BDSwiss is required by the regulators to hold at least €1 million in operating capital. Traders’ investments should also be held in segregated accounts away from the operating capital, and if a broker is unable to compensate traders during insolvency, the Investor Compensation Fund (ICF) serves to provide protection for up to €20,000 in trading capital. Therefore, you can be guaranteed of the safety of your funds while trading with BDSwiss.
BDSwiss Assets & Payouts
Traders have the freedom to choose from over 250 assets, which not only includes the major instruments from Forex, commodities, and stocks market, but also offers access to other attractive assets such as cryptocurrencies, indices, and pair options. For our traders’ convenience, we have compiled an all-inclusive list of financial instruments for your reference:
Forex: 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
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
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
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
Pair options are one of the most popular binary options products among traders, as it gives them an opportunity to pitch two stocks or indices against each other. Pair options give an unparalleled opportunity for traders to take advantage of the performance difference between two different assets, which is not something that the conventional forms of markets offer to its investors.
Traders are expected to trade in incremental lot sizes of $1 for each position in the market, which makes BDSwiss trading more accessible for retail traders. Traders can invest anywhere from $1 to $1,500 per position; however, the maximum investment limit is indeed smaller than the maximum capital exposure offered by other competing brokers. The payouts for the assets are also on the average side, as traders can only expect to make around 60% to 85% returns on winning trades. Regardless, BDSwiss offers a standard offering in the market, which should be able to suit most trader requirements.
With strong regulations backing BDSwiss financial products, it is apparently hard for the company to provide any bonuses to its clients. The US and EU authorities are highly stringent in their policies, which prevent companies from offering any free money to traders such as deposit bonuses, gifts, or other attractive benefits through marketing gimmicks. BDSwiss is an established financial brokerage, and it doesn’t seem that the company is willing to take any risks by offering any binary options bonus packages to its traders. Hence, BDSwiss is not a viable option if you are looking for a hefty bonus on your investments.
BDSwiss Trading Platform
With an increase in the number of binary options brokers, several third-party platform developers have used the opportunity to develop standalone binary options apps that offer exclusive access to the markets through the browser platform. BDSwiss has adopted the SpotOption trading platform, which offers one of the best binary options interfaces on the market. SpotOption has an incredibly feature-rich trading interface that not only offers a trader-centric platform, but also provides several different binary options such as long-term, 60-seconds, one-touch, and ladder options.
The SpotOption platform has an advanced trading dashboard that has an incredibly flexible and user-friendly layout. If you have previous experience with the SpotOption platform, it can be a huge positive, but it is rather easy to get to terms with the interface without going through a significant learning curve. The magic analysis feature of the platform also helps traders to use the automated chart analysis feature, which gives a call or put signal depending on the market conditions.
SpotOption continues to be developed at a fast rate and is quick to incorporate new features and trading functionalities for the benefit of the traders. Unlike proprietary trading platforms, the BDSwiss platform takes advantage of the continuous development and platform reliability offered by SpotOption. It also prevents the need to constantly spend valuable time and resources on improving the platform, which ultimately helps the broker to reduce its expenses and make a profit without resorting to any scam practices.
BDSwiss Mobile Applications
There are individual BDSwiss apps available for iOS and Android platforms, both of which offer the same level of performance and usability as the desktop trading interface. BDSwiss has also enabled the use of its Binary WebTrader for mobile users, but for a more stable trading experience, the installable BDSwiss mobile platforms are much preferred. BDSwiss mobile apps are available for download on both iOS and Android devices through their respective app stores, but traders will have to consider the implications of the iOS binary trading apps being scrutinised by Apple. Therefore, it is best to access the markets through a mix of web trader and mobile apps for ensuring unhindered trading.
BDSwiss Trading Accounts & Payments
There are two types of trading accounts at BDSwiss, the BDSwiss Basic account and the BDSwiss Black account. Both of these accounts are designed for FX and CFD traders, but binary options traders are offered an independent account option that gives them exclusive access to binary options. Aside from the BDSwiss Black account that requires a minimum deposit of $10,000, the broker does not specify any minimum deposit requirements for its Basic and binary options account, as traders have the freedom to invest any amount of money as they desire. With a minimum investment of just $1 per trade, traders can make a minimum BDSwiss deposit of $1, and still trade the markets. However, it is not recommended to start trading form just $1, since trading in the markets does require investors to follow some extensive money management principles.
With a small enough investment requirement, BDSwiss does enable its clients to make a payment through popular online payment portals such as Visa, MasterCard, Bank Wire Transfer, Skrill, Neteller, SOFORT, EPS, and GiroPay. Although credit/debit cards and e-wallets allow traders to make smaller transactions, you should be careful about the costs involved in a bank wire transfer. The broker does not mention any fees of transactions categorically, but traders must account for a percentage of the amount transacted according to the payment method.
Withdrawal is one area that BDSwiss stands apart from the rest of the binary options market. BDSwiss is a part of a select few group of binary options brokers who are totally committed to maintaining a 100% withdrawal success rate. All withdrawals are processed on time, and there haven’t been any complaints from existing traders regarding the efficiency of the broker in meeting clients’ withdrawal requests. Of course, there may be some delays in transactions, but traders can be guaranteed of receiving their funds within the scheduled payment deadline.
BDSwiss Customer Service
BDSwiss targets the European and Asia-Pacific market through its brokerage service, which is why there are dedicated contact numbers for traders from Germany, Austria, Spain, Sweden, Norway, Italy, Denmark, Greece, Slovenia, Poland, Finland, France, South Korea, Australia, Switzerland, and the UK. The company has a mailing address in Germany, while it has two offices registered in Cyprus. Regardless, we couldn’t find any official address of its NFA regulated office in the US, which is a bit bizarre. Regardless, traders can contact the broker’s customer service department 24X7 through phone and email, while the live chat feature is available 24X5. The online web contact form is also a good option to get in touch with the broker’s representatives, but phone and live chat are two of the ideal customer support channels offered by the company.
BDSwiss Trader Resources
BDSwiss is a Forex broker that mainly offers a vast amount of resources for analysing the markets. Traders have access to trading courses, economic calendar, webinars, trading journals, and news coverage, which are offered to all live account holders. Traders have the option of switching between FX, CFD, and binary options accounts, which appears to be one of the major advantages of BDSwiss trading accounts. Hence, BDSwiss has an incredible amount of trader resources to keep traders motivated.
- A Forex broker that also provides binary options products.
- BDSwiss has more than 250 instruments in its portfolio.
- The payouts are at par with the industry average.
- SpotOption platform for desktop trading, along with iOS and Android apps for mobile.
- Regulated by the CySEC and NFA approved.
- Good amount of trading resources.
- Incredibly effective and friendly customer support.
- Not clear whether BDSwiss accepts US traders.
- No address provided in US.
- There are no bonuses.
Is BDSwiss Regulated?
BDSwiss is regulated by the CySEC and the NFA to provide a secure trading environment.
What Is The BDSwiss Minimum Deposit?
BDSwiss does not have any minimum deposit requirements for its basic account. Traders can deposit a minimum of $1 for a trading account.
Can You Open A BDSwiss Demo Account?
Yes, BDSwiss offers a demo account for a limited period.