BDSwiss Review

BDSwiss Review

BDSwiss Review

A company hailing from Cyprus, BDSwiss is a specific broker that offers trading with both Forex/CFD and binary options from the same trading account. This company aims to lure in new traders by combining different trading platforms with top-class customer support, various account packages and many other useful features. They’ve also created a rich educational center filled with various, regularly updated materials that are meant to give additional useful knowledge to traders. Customer satisfaction is the key to company’s success, according to BDSwiss, so be sure that you’ll be treated like a royalty here. We are always happy to come upon a new and exciting broker, so we were really curious to discover something more about the broker. This BDSwiss review article is the result of our thorough testing and examining all of the broker’s features. It will give you an all-around opinion about this broker, as seen by our lead trading experts. Whether you’re just interested in learning more about BDSwiss, or currently in pursuit of your new trading companion, you’ll definitely want to stick around. Here we go!

BDSwiss Review | Advantages

We thought that the best way to start our BDSwiss review is by providing a brief list of the broker’s key features and advantages. By becoming a client here, you’ll join the community of over half a million currently active traders, which is a solid proof of the broker’s overall popularity on the market. Trading platform is open 24 hours per day, 7 days a week, so you can log in to your account and commence trading at any time of the day. Depending on your asset preferences, you’ll be able to choose among different trading platforms for trading binary options of Forex, which are also available for various operating systems. Here you’ll be able to use more than 50 different useful trading tools that will significantly increase your chances of placing winning trades. If you value number of assets and trading modes the most, you’ll be more than satisfied by trading with BDSwiss, since you’ll be able to invest your funds on more than 250 assets, while using one of the 6 different modes. Furthermore, thanks to the impressive library of both market research tools and quality educational sessions, you’ll be able to devise a killer trading strategy that will help you conquer the market. And finally, if necessary, you can always submit your inquiries to the ever-watching customer support team by various communication channels. This is but a brief introduction to the ingenious offer tailored by BDSwiss – but does it sound too good to you? Is there some sort of guarantee that you won’t end up as a victim of complex scam system? Read on and learn the valuable facts!

BDSwiss Advantages

BDSwiss Advantages

BDSwiss Review | Jurisdiction and Legal Info

As we have stated in the introductory part of this BDSwiss review, customer satisfaction is of vital importance to the company. They are aware that the best way of attracting new and keeping old customers is by showing them that the company is completely fair and ultimately safe to trade with. And there is no better way to prove it than to become a regulated company. Since this means that a regulated company must follow strict procedures created by the governing regulatory body, there is absolutely no way of experiencing any suspicious behavior here. That being said, we’re thrilled to announce that BDSwiss Holding PLC, a company owned by BDSwiss brand, is fully registered and regulated with CySEC. As experienced traders already know, CySEC is an abbreviation for Cyprus Securities and Exchange Commission, a regulatory company highly appreciated in the world of financial trading. With the license number of 199/13, BDSwiss clearly has no problem in accepting and implementing strict procedures and protocols devised and requested by CySEC.

BDSwiss Regulation

BDSwiss Regulation

Furthermore, the global recognition of this broker doesn’t end here. BDSwiss is registered and recognized as a full-service trading company by all major supervisory bodies from EU countries – FMA, BaFin, FCA, Consob, you name it. It is also registered and authorized with the US-based Natural Futures Association, giving it even wider market to operate on. As you can see, the broker has truly proven its legitimacy, so you don’t have to worry whether you’ll end up broke if you decide to trade with BDSwiss. Now that we’ve got that out of the picture, let’s take a detailed look at the broker’s main trading interfaces. Keep reading this BDSwiss review and learn more valuable information!

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BDSwiss Review | Forex and Binary Options Platforms

As we have mentioned earlier, by opening a free trading account with BDSwiss, you become eligible to trade both Forex and binary options with this broker. There are two different trading platforms offered by the broker – MetaTrader 4 and binary options platform. Let’s take a detailed look at them.

MetaTrader 4 is the world’s most popular and most used Forex trading interface. It is appraised for its execution speed, great technical tools embedded in the application and high customization options. The platform is suitable for beginners, but more experienced traders will surely take a greater advantage out of its vast amount of analytical tools. BDSwiss offers a total of five different MT4 iterations. A fully browser-based web trader is available, bringing the application’s core functionality and pairing it up with the joy of trading by using your computer browser. It doesn’t require any downloads, and you can trade from any computer by simply logging in with your account details to the web terminal. However, if you prefer to have a stand-alone desktop application, you can download MT4 terminal for both Windows and Mac devices. A handy manual for downloading, installing and logging in to your MT4 desktop application is provided by BDSwiss, so you shouldn’t have any trouble getting it to work. Finally, mobile traders will be thrilled to hear that, apart from mobile apps, mobile browser trading is supported as well. Android, iOS, Blackberry and all other mobile devices with internet access are supported. And, what’s best, all iterations of MetaTrader 4 are automatically synced, so the changes you’ve made on one device will instantly be visible on all the others. A truly great offer, to be honest.

BDSwiss Forex Trading Platform

BDSwiss Forex Trading Platform

Binary options also have a platform which can be accessed through browser, or by downloading Android or iOS-based mobile application. Web trader can be accessed from your account dashboard page, and it features 6 different trading modes with more than 250 assets. There is absolutely no commission to any of your trades, regardless of the outcome of the trade. The sole platform is beautifully designed, with all the vital information concentrated on the very middle of the interface. You will also find a number of analytic tools, such as Fibonacci retracement or various oscillators, as well as many price fluctuation indicators. The same, powerful features are transferred to mobile applications and the cloud sync functionality is present as well. To wrap it up, BDSwiss has created a superb offer – by combining two platforms with only one trading account, you have huge trading possibilities. Let’s see if we can say the same thing for account packages. Keep on reading and find out!

BDSwiss Binary Options Platform

BDSwiss Binary Options Platform

BDSwiss Review | Account Types

Available account packages are governed by various perks regarding Forex trading, but the moment you make your initial deposit, a binary options account will be added to the package as well. Apart from them, you can also open a demo account which will enable you to test the platform without risking your own funds. But, let’s review them one at a time.

Upon completing the simple registration procedure, you become an owner of a Basic account package. This account type doesn’t have any requirement regarding deposit amount, since it will automatically grant you access to demo interface. BDSwiss demo account bears much resemblance to the real trading account, apart from the fact that you trade with virtual money. This is a great way to explore various platform features and test the behavior of your existing trading strategies without the risk of losing significant amount of funds in the process. If you wish to trade for real, you can do it at any time by depositing 200$ or more, which will then activate Basic package. You will gain spreads of 1.3 and higher, paired with up to 1:400 leverage and lot size of 0.01. This is a perfect choice for beginners, but if you already have some trading experience, you’ll want something more advanced. This is where the Bonus package comes handy – although it requires at least 500$ worth of deposits, it will grant you a 25% bonus to your deposit. Spreads are a bit higher than with the Basic account, but leverage goes up to 1:500. Finally, Black account is reserved for trading professionals, since it requires more than 10 000$ in deposited funds. But you’ll be granted with lowest spreads, highest leverage and commission-free trading. All in all, we can say that the offer of account packages is pretty well rounded up, meaning that every type of trader will be able to choose their ideal account type.

BDSwiss Account Types

BDSwiss Account Types

We should mention, however, that some security checks must be completed prior to commencing trades with BDSwiss. This is due to regulation procedures that include anti-money-laundering, identity theft and anti-terrorist funding. To be honest, this is a mandatory and usual procedure among all regulated brokers, and nothing to be afraid of. In order to confirm your identity, you’ll have to provide three documents – colored copy of your personal ID, copy of your utility bill (as a proof of residence), and a copy of both sides of your credit card (only if you use it for banking operations). Also, due to Know Your Customer policy, you’ll be presented with a short survey which you’ll be asked to fill. And that’s it – the moment customer support team validates your documents, you’ll be able to freely conduct trades. But, in order to trade, you’ll have to make a deposit. How can you deposit? How much can you withdraw? Is your favorite banking method supported? Read on and find the answers!

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BDSwiss Review | Banking Methods and Requirements

As with the rest of already analyzed features, BDSwiss made a great job in terms of banking options as well. You can make your initial deposit set at 200$ in US dollars, British pounds or Euros, but be advised that, once you choose your desired currency, you won’t be able to revert changes. When attempting to deposit, you’ll find a series of methods depending on your country of residence. All major credit cards, as well as wire transfer are supported regardless of your location. But there are also alternative payment methods, such as Neteller, Skrill, Sofort, PaySafe, GiroPay and many more. We have thoroughly tested all of available methods and we haven’t found any problem whatsoever. Also, it’s worth of mentioning that there is no limit to the maximum deposit amount.

BDSwiss Deposit Page

BDSwiss Deposit Page

As for withdrawals, you can use the same, already mentioned, banking methods. Minimum withdrawal amount is set at only 10$ and is completely free of any additional charges. The only exceptions are cases when the client hasn’t yet invested their initial deposit, or when client who’s having more than 100$ in their account wants to withdraw less than 100$. These cases will be accompanied with the withdrawal fee of 5% of the total amount. Keep in mind that with BDSwiss your balance will never fall below zero, since you can only invest the amount deposited to your trading account. Also, as for the security aspect, all transactions are protected with SSL encryption and your funds are stored into a segregated account. That means that, regardless of what happens with the company, your money and personal documents will stay completely safe. And that’s about it when it comes to banking, but we still have a couple of features to review. Stick around and discover a new and exciting way of trading!

BDSwiss Review | Cuboid Trading

Apart from a great combination of forex and binaries, BDSwiss offers yet another trading mode, called Cuboid trading. It is pretty much similar to the binary options trading, but in this case, you’re not tied to the classic up/down mode. The idea is to create a rectangle (“cube”, hence “Cuboid”) on the graph, which denotes the area in which the future price fluctuation will stay in. Basically, you’re creating a boundary which will contain the graph of future price change. Depending on the height (price range) and width (expiry time) of your rectangle, payout amount will change. For specific cases, your payouts may even reach four-digit numbers per trade! It’s safe to say that this is yet another interesting feature that will surely lure in more clients to BDSwiss. But is this the end of the broker’s offer? Not at all! Read on and discover what learning opportunities are available here!

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BDSwiss Review | Education

The broker has designed a very interesting learning repository containing a number of quality materials divided into several categories. Economic news contain blog posts with most recent changes in the world’s economic, political and technological scene. It contains daily, fresh information that can help you foresee future changes of particular assets, thus placing correct trades right on time. Trader’s journal, on the other hand, contains articles with suggestions and trading advice based on the upcoming market changes. Here you can learn some tricks about how and when to trade with particular asset, and the connection between them. Economic calendar is updated every minute and gives you the latest asset prices, and you can also filter the results and see previous price changes. Live webinars are separated into three categories. Strategy webinars teach you the art of analysis, both technical and fundamental, so that you can recognize patterns and correctly predict future price trends. Special events explain how a certain announcement impacts the market, and how to take advantage of big market events. Finally, live trading sessions teach you how to stay focused, trade responsibly and know when to stop. All the available material is of top class, so you can really learn a lot here, especially if you happen to enroll at all-around educational course available for free! And now, let’s take a look at the last of the broker’s many amazing features. Stay with us until the end of our BDSwiss review!

BDSwiss Education

BDSwiss Education

BDSwiss Review | Support

We thought that the best way to wrap up this BDSwiss review is to take a look at the feature that many don’t care about, but is of vital importance in the time of need – customer support. You can contact them by using the form on the broker’s website, and you can also reach to them by using the live chat application. Of course, a more traditional communication channels are present as well, such as email and phone. Being a multinational company, BDSwiss has branches all over Europe, so there are more than 15 different phone numbers available. We have been in touch with them many times through different channels, and we have sent them a series of inquiries. And we are happy to say that this broker’s support is a strong match to its competitors. This team consists of highly experienced market analysts, and our questions were answered in a polite, yet highly professional manner. And what’s more, we got the response from them in a matter of minutes, regardless of the time of day. This is the ultimate proof of the broker’s care for their loyal clients and the logical reason why BDSwiss has seen a rapid growth of new customers. We’ve finally reached the end of our extensive BDSwiss review, so it’s time to wrap this article up.

BDSwiss Contact

BDSwiss Contact

BDSwiss Review | Conclusion

At the very end of our detailed review, we can honestly state that BDSwiss is a truly exceptional broker. And it was more than obvious right from the very start, where we’ve seen that this broker is fully licensed and regulated for financial operations in many countries. Another great surprise were trading platforms – both fast and reliable, supporting virtually all modern electronic devices, and giving high revenues when used the right way. Account packages are offering just the right amount of useful features for both low, mid and high-level traders, so anyone’s needs will be satisfied here. Furthermore, banking methods are splendid, as are trading and banking requirements, making BDSwiss accessible to all traders. Finally, an extensive library of educational resources will surely empower you with the knowledge to create more accurate predictions of market trends, thus increasing your winning odds. All of this is backed up with a highly skilled support team – what more could you want?

The binary options market is changing every day – new brokerage companies come, old ones go out of business, and only a few survive for a longer time. We seriously believe that BDSwiss will have a bright future, thanks to good business principles and the ability to tailor a great offer to its clients. Therefore, we can say nothing more than to encourage you to open a free trading account now. Regardless of whether you’re completely new to the exciting world of trading, or you already have decades of experience, BDSwiss will surely delight you!

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Author's overall rating:
Author: Ben Prescott
Updated:

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