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The name which stands for ‘Banc De Swiss’ covers over a company founded in 2012 and based in Cyprus. This broker makes a great effort in having traders making educated choices when trading. BDSwiss is regulated by CySec and apart of the investors compensation fund.
- Demo Account – Yes, you can get both a Binary and Forex demo account
- Minimum deposit – £ 10
- Minimum trade – £ 1
- Maximum trade – £ 500
- Signal service – Yes
- Mobile app – Yes
Types of Trading
BDSwiss’ option types are rather traditional for a binary broker, they are as follow;
High / Low – Will the value of the asset be higher or lower at the set expiry?
Short Term – Another High / Low format, where timeframes can be set as low as 60 seconds.
Long Term – Yet another High / Low format, but with the timeframes being over longer time such as a week.
Pair Trading – In this option you will be trading two assets against each other for better or worse.
One Touch – You set a price value and a timeframe and see if the asset fulfills your expectations.
Ladder – will an asset hit a pre-set value in the set time? Usually bigger payout when the value movement is bigger.
Scam or Speculation
This broker is fully regulated by CySec and users can therefor rest easy know their money are in safe hands. They have a license to do business in all European countrys. Furthermore few complaints can be found online, which speak to the broker being a good genuine option. If luck is out and the company goes under the Cypriot Investment Compensation Fund will cover your account balance up to €20,000.
Their Trading Platform
BDSwiss’ use the platform called SpotOption for their binary option; They use other ones for Forex and CFD trading. The platform is web based, so there will be no need for downloading any software. If you use the free demo account for binary options you will have to both register on the site and contact an account manager to add more funds. The platform has a bland look, but offers the information you will need to make a well informed trade.
Charts fill up a lot of space on their platform. The formats are line or candlestick charts, and the trader can set the expiry timeframes to 9 different setting ranging from 1 minute to monthly. You can furthermore add a bunch of indicators to your chart. The indicators are Moving Averages, RSI, Bollinger Bands, ATR, MACD and last Fibonacci Retracements. All of these give the trader the opportunity to make technical analysis of their assets.
BDSwisse offers a great customer service, with live chat in Both Italian, German and English. To access the chat you will need to sign up and get a username. Contact can also be made with Telephone or email. On phone further 13 languages are available.
Withdrawal and deposit
To make withdrawals or deposits on BDSwiss you can use all major creditcards or wire transfer. They also accept Skrill, Neteller, GiroPay, Soforth, iDeal and EPS.