BDSWISS Review – is BDSWISS Scam or Legit Broker?

BDSwiss

2.1

Rating

2.1/5

Pros

  • Reputable company with full CySEC licensing and regulation
  • Wide range of currencies, commodities, indices and Treasuries

Cons

  • No information on bonuses or spreads available
  • Cannot access the demo trading account before you register a real money account

BDSwiss Holding PLC is a very favorite European online gambling company. It’s totally documented by CySEC (199/13) using its HQ in Germany. This European-based standard bank focuses primarily on CFD trading, Forex Currency trading and binary options. It sports an entirely complete program center which has been produced by experts in the market. Customers could have each of the available tools that they will need to make educated trading decisions. The business focuses on providing userfriendly options to investors throughout the spectrum. A strong focus on client feedback forms the mainstay of both BDSwiss’ association with its traders. As one of the most innovative CFD, Forex and binary options trading platforms, traders can expect cutting-edge solutions to the complex world of online trading. BDSwiss is compliant with the highest industry standards and is fully compatible with Android smartphones and tablets, and iOS devices.

Account Types

You can register for an account in under 3 minutes at BDSwiss. The process requires basic information, and account verification by email. Unfortunately for traders, there is only 1 account type, but it suffices for high-level traders and casual traders. The minimum deposit to set up this account is $100, which is remarkably low considering that many brokerages require slightly $250 with a before all else deposit. The good news is that you can also access the demo trading account for CFD, Forex and binary options trading at BDSwiss.

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Trading Platform/ software

BDSwiss uses the SpotOption-powered trading platform. It has consistently outperformed expectations, and is a favourite among binary option traders. The Pro Trader option is particularly useful in that it offers many trading tools such as charts and indicators. The trading platforms and software are available for Mac, Android and Windows clients. The following trading platforms are available: MT4 for web traders, MT4 for Windows, MT4 for Mac, MT4 for iOS, and MT4 for Android. There is also Binary for Android, iOS and Web Traders. Various trading options are available in the form of One Touch options, Pairs, 30 seconds, 60 seconds, Ladders and Long-Term Options.

Deposit options

There are multiple deposit options available including: GiroPay, EPS, Sofort, Neteller, Skrill, iDeal, MasterCard, Bank Wire Transfer, Visa and others. BDSwiss covers all traders on non-invested capital up to 20,000 as part of the Investor Compensation Fund. This brokerage is 100% regulated by the Cyprus Securities and Exchange Commission and is compliant with all applicable local and European requirements. It has permission to passport its services by the MiFID (Markets in Financial Instruments Directive). All deposits, withdrawals and transactions medially the broker and the client are guaranteed safe and secure with SSL technology and strict encryption protocol.

Markets

Traders can enjoy major, minor and exotic currency pairs, a wide range of commodities, Treasuries and indices. With Forex and CFD trading, leverage of 1:500 is possible and there are 50 indicators and trading tools available. Spreads are as low as 1.0 on the EUR/USD pair.

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Examples of stores include the following:

Forex (currency pairs) – GBP/USD, AUD/USD, USD/CAD, EUR/USD, EUR/GBP, NZD/USD, EUR/CHF, USD/JPY and others.

Commodities – Coffee, copper, sugar, USOIL, XAUUSD, XAGUSD, and XAGEUR.

Treasuries – UK Gilts, UK Short Sterling, Euro Schatz, Euro Bund and others

Indices – Spain 35, Dow Jones Industrial Average, France 40, Germany 30, S&P 500 index, Switzerland 20, Italy 40, Hong Kong 50 and others

Bonuses

Clients are advised to contact customer support for information on bonuses.

Customer Support

You can obtain in touch with BDSwiss by completing the online contact form. Simply enter your name, email, telephone number, question and message and click to send. There is also telephone support available in multiple countries across Europe including Germany, Switzerland, the UK, Poland, Italy, Sweden, and Norway. Support is also available in South Korea and Australia. If you need to email customer support representatives, you can do so at the following email address: [emailprotected] or [emailprotected]. Marketing queries is directed at [emailprotected]. The head office is located in Limassol, Cyprus, and the postal addresses in Frankfurt, Germany. A fax number is also available to clients. Customer support is available in multiple languages including German, Italian, Spanish, Korean, French, Norwegian, Polish and Danish.

Safety

The safety aspect of this trading platform is found in its regulation. It is fully licensed and regulated by the Cyprus Securities and Exchange Commission. It holds the following license #199/13. All client funds are kept in a segregated account to ensure that any bankruptcy filings will not affect client funds. All payments processing options are guaranteed secure with SSL technology, and only invested funds are guaranteed up to 20,000.

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Ease of Use

Navigation at BDSwiss is relatively straightforward. The trading platform is clutter-free and presents all the available options – binary, forex, analysis, education and customer support in an easy to understand fashion. The trading platforms are easy to register for and 1-click functionality is available with returns up to 85%. The range of tradable stocks are easy to find and you can simply click on the share list for CFD and forex trading for all the available options.

Final Thoughts

BDSwiss is clearly one of the finer European binary options brokers and CFD/forex brokerages. It offers a wide range of tradable stocks spanning currency pairs, commodities, indices and Treasuries. You can trade these stocks in a CFD format. Since it is regulated by the Cyprus Securities and Exchange Commission, and is 100% web-based, there is plenty to be excited about with this brokerage.