BD Swiss Honest Review
Is it a legit broker?
BD Swiss is a binary options broker registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission under license number 199/13. This broker is headquartered in Nicosia and has a German office in Frankfurt. BD Swiss has been operating since 2011 and is managed by Kepler holding. They currently claim to have 500,000 and more customers across the world. However, the site seems to target the European customer base as the website is only available in English, German, Norwegian, Italian, and Swedish.
Opening an account
Registration is easy and typically takes under 3 minutes. A new trader has the option of practicing with a demo account before starting out with a live account. BD Swiss offers only one type of trading account. A trader is required to make a minimum deposit of $200 before starting on live trading. This has made BD Swiss very popular with new traders who are wary of tying up a lot of money.
Payment methods allowed by BD Swiss include MasterCard, Visa, Webmoney, and Postepay for users outside Europe and North America. Traders from these regions can use the methods above in addition to PaySafe, Sofort, Neteller, Giropay and Maestro.
The dashboard is simple with different options on the left pane which has a news section too. There is the live trading option that takes you directly to a serious looking console. This trading platform is powered by SpotOption which is a major trading solutions provider for online brokers. The platform is based on the popular Metatrader 4 and Webtrader technologies.
You can opt to trade as a Pro trader which gives you more options, indicators and tools to facilitate high-performance trading. The BD Swiss’ platform has some unique features:
Doubling up: Sometimes a trade looks very promising and profitable. In cases like these, the trader has the option of doubling up which is placing twice the amount under the same conditions which ensures twice the profits.
Rollover features: This is another feature to allow a trader to extend profitability. For a commission of 30%, it is possible to extend the time on a profitable trade.
There are different types of trades possible on BD Swiss:
One touch options: This is for trading for only a few days on preset assets. The trader can do a payout by returning to the touch mode.
High/low options: These are trades based on the classic model of placing a trade according to the movement of prices.
Options builder: This is a trading mode for expert traders. It is possible to customize a trader by adjusting the time and level of exposure settings on a trade.
60 seconds option: This is a trading option that is executed in a maximum of 60 seconds. They can be placed for a minimum of $5.
BD Swiss enables traders to work on 4 types of markets: Forex, commodities, Forex and stocks. The Forex market has the following pairs: AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, EUR/USD, GBP/USD, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SGD, USD/TRY and USD/ZAR.
The commodities market has the following options: COFFEE, GOLD, CRUDE OIL, PLATINUM, SILVER, SUGAR and WHEAT.
The indices market has the following markets: ASX, BOMBAY SE, DOW, FTSE 100, HANG SENG, IBEX, KL FUTURE, KUWAIT GENERAL INDEX, NASDAQ, NASDAQ FUTURE, TADWUL, NIFTY, STRAITS TIMES, NIKKEI 225, RTS, S&P 500, S&P FUTURE, SSE180, TEL AVIV 25 and TOPIX BD.
Swiss offers stocks on some of the best performers in different stock markets: Amazon, Apple, Barclays, BIDU, France Telecom, BNP Paribas, British American Tobacco, Coca Cola, FIAT, Citigroup, Google, Gazprom, HSBC Holdings, Goldman Sachs, Nissan Motor, IBM, Lukoil, Rolls Royce, Microsoft, Petrobras, S.Bank India, SAB Miller, SBERBANK, Tesco and Teva Pharma
The payouts on BD Swiss differ with the types of trades done. some trades done in One Touch mode can give returns of over 500%. However, the typical returns on standard trades give 60-85% returns. Forex trades give about 5-10%.
The Compensation Law
One advantage of using BD Swiss is the fact that it is a member of the Investor Compensation Fund set up for customers of Cyprian based institutions that deal with public funds but are not banking or credit institutions. Under the regulations of this Fund, any institution that contributes to the loss of its customer’s money by an act of commission of omission is liable to a compensation penalty of up to $20,000.
Other factors that are in favor of trading with BD Swiss include:
If you want to open an account with BD Swiss, click here. BD Swiss has been trusted by traders because it is one of the trading platforms that are regulated, which translates into security for the trader. It is a suitable enough site for a trader who is just starting out. We also recommend you to check all of our Broker Reviews.
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