One of the new brokers now available on the financial market, BDSwiss is a regulated broker owned by BDSwiss Holding Plc.
The novelty with this broker is the fact that traders have the opportunity to keep their trading versatile as it is possible to trade not just binary options but also Forex as well as CFDs.
Bearing in mind the advantages and opportunities this broker brings along, we shall present our BDSwiss broker review to traders where we shall highlight the most important segments involved in the trading process.
BDSwiss General Information
The first segment we spotted as we began with our BDSwiss broker review is that traders are dealing with a regulated broker.
When it comes to basic information concerning the minimum deposit, the amount traders will have to place is set at $250 which is considered an average deposit in the binary industry.
The lowest amount traders can invest on a single trade is $5; the maximum sum which can be invested in a single trade is set at $1500.
The currencies which can be used to fund the trading account are USD, GBP and EUR as the possible gains may go up to 85%.
BDSwiss Trading Platform and Features
Further in our BDSwiss broker review, we have found that this brokerage makes use of SpotOption trading software on their trading platform.
Since SpotOption holds a reputation as on of the best and most commonly used on binary trading platforms. Via this trading software, BDSwiss provides their registered traders with a modern, innovative and unique trading platform with a fine variety of trading options, expiry times as well as underlying assets.
Trading options traders worldwide have at their disposal with this broker include:
- Ladder Options
- 60 Seconds
- One Touch
- Long Term
As would be expected, BDSwiss also provides traders with a selection of expiry times which can be as short as 60 seconds or as long as a few weeks.
Expiry times depend on the trading option which has been selected.
In our BDSwiss broker review, we noticed several tabs available at the very top of their site, with one designating Binary. In it, traders can find a segment More Information with Expiry Rules and Trading Hours.
Naturally, within the same section traders are also able to find the Asset List which, as the name implies, is a list of underlying assets.
Underlying assets are given for bot Forex and binary options. That means that traders have a selection of underlying assets for stocks, indices, commodities and pairs.
Our inspection of this brokerage for our BDSwiss broker review also revealed that they offer some interesting features which may help traders to generate more profit.
Two features which can be used in the trading process are:
- Double Up feature
- Rollover feature
What Double Up feature offers to worldwide traders is the opportunity to literally double up the trade if they feel confident that the trade they invested in is heading in the right direction.
On the other hand, the Rollover feature designed with the intent to provide additional risk control as traders are given a chance to prolong the expiry time frame if the trade is not going in the direction which is not favorable for the trader.
In using these features, it is possible to maximise the possible gains and minimise the risk element to a certain degree.
The additional trading feature is also possible with BDSwiss and that is mobile trading app.
The trading app can be used effectively as it saves valuable time in a sense that traders are not tied down to their computers in order to do binary options trading.
On the other hand, with a mobile trading app, traders are also in a favourable position to keep track of the market circumstances and spot the possibly profitable trading opportunities.
The mobile trading app provides the real-time trading opportunities, a selection of indicators and a customised chart.
BDSwiss broker also made sure that their mobile trading app is able to run on both iPhone and Android devices. The app can be downloaded from App Store and Google Play.
One of the most popular trading features, a demo account, is not available with BDSwiss for the time being.
BDSwiss trading platform is multilingual and with the standard English version, includes Italian, German, French, Spanish, Danish, Norwegian, Korean, Polish and Norwegian.
BDSwiss Customer Support Service
Reliable customer support is of immense importance to traders as it provides the much-needed knowledge that they are in a position to get in contact if they find themselves in the position that they need help.
In order to obtain the most realistic experience for our BDSwiss broker review, we made use of their Live Chat option to contact their agents. Within minutes, we were joined by one of their agents and several queries we made were answered professionally and swiftly.
With this broker, traders have several other means of communication aside from live chat. Traders can use a simple web form which can be found in the Contact Us section, or an email [email protected] or, lastly, traders may also make use of a long list of sixteen phone numbers also given in the Contac Us section.
BDSwiss customer support service is accessible to traders around the clock.
There is also a useful Education tab which contains plenty of informative, helpful information concerning binary options trading outlined in various courses and live webinars.
Another important section which could be of great help to traders is the FAQ section which is listed under the Binary tab.
BDSwiss Banking Information
The final paragraph in our BDSwiss broker review is dedicated to various pieces of information concerning the banking process.
Bearing in mind BDSwiss is a regulated broker, they pay due attention to providing appropriate security measures on their trading platform.
This is expected, as sensitive information is exchanged. This is achieved via SSL encryption technology.
As concerning withdrawal process, global traders should submit several copies of documents which are required as part of the KYC policy:
- Copy of the credit card
- Copy of the photo ID
- Proof of the address
Payment methods available to traders include:
- E-wallets: GiroPay, Sofort, Paysafe and Ukash
- Credit Card: Maestro
- Wire transfer
There is no minimum amount set with this broker when it comes to withdrawals yet if traders wish to withdraw an amount which is under $100 a fee of $25 will be charged.
Once the withdrawal request has been processed, 2 – 7 days may be necessary for the funds to appear on the traders’ account.