BDSwiss

sign-up-green1
$100
Minimum Deposit
400:1
Maximum Leverage
1 Pip
Minimum Spread
8 TradeForexSA
Pros
  • Tested and well-known platforms
  • Multilingual platform
  • A wide range of assets with six types of option contracts available for traders
  • High payout percentages
  • Andorid and IOS mobile applications
  • 24 hours customer support services
  • BDSwiss is a fully registered and regulated broker
Cons
  • Is a MM broker
  • Mobile platforms are not compatible with Windows
  • No deposit bonus (in accordance with CycSEC regulation)
Summary
BDSwiss is a seasoned binary options and forex broker which was started in 2012 and is among the few brokers who offer both services. BDSwiss prides in a global client base of more than 500,000 customers drawn from various countries around the world.  BDSwiss fully regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC) and does not accept customers from Canada and the United States.

FX/CFDs trading at BDSwiss are executed through the MT4 platform where there are at least 83 currency pairs, 48 CFDs in commodities, indices, and treasuries. In 2015, BDSwiss won an award after being termed as the Most Reliable Broker.
Account Types8.5
Client Support & Onboarding8.5
Free Services8.5
Deposit & Withdrawal7.5

Thanks to the technology employed by BDSwiss, the binary trading is now fully segregated from the FX/CFD trading modules. The binary assets at BDSwiss total up to more than 230. In case you’re looking forward to trade binary with BDSwiss, you will have to use the SpotOption platform which is offered by this broker.

BDSwiss Trading Platform Example

BDSwiss is a Market Money type of broker. It must be said that this model may come with challenges to traders and conflict of interests between the traders and the broker.

Account Types Available to Traders

BDSwiss operates and offers two types of accounts. Initially, BDSwiss operated one account only, but that has now changed and there are two types of account offered by this broker in addition to their demo account. They are:

Demo Account – This account is a practice where no real money deposits are needed to get you access to a $10,000 USD live market playground to practice your trading and analysis.  This account never expires and will allow you get comfortable with BDSwiss as your broker.

BDSwiss Basic Account – There is no minimum account deposit, but traders are encouraged to make at least $100 this account comes with the very enticing high leverage of 1:400. In addition, the average spread at the BDSwiss Basic account is 1.3 pips.

BDSwiss Black The minimum deposit here is $10,000 while the average spread is 1. There are no commissions attached to this type of account and the leverage is 1:400.

The three accounts were created in order to take care of every type of trader, both the beginners as well as seasoned traders.  Here is an example of what the overview looks like in your account.

Account overview at BDSwiss

Regulatory/Reputation Background

BDSwiss is a registered and well-regulated broker by the Cyprus Securities and Exchange Commission, commonly known as CySEC. In Europe, BDSwiss strictly adheres to all the regulations spelled out by all EU member states because of CySEC, the body regulating this broker, adheres to the European MiFID regulations.

Other Highlights

The minimum initial deposit at BDSwiss is $100. This is definitely attainable and attractive given the fact that a lot of binary options brokers usually ask for a minimum of $200-$250 initial deposits. The payout at BDSwiss is mostly between 65%-85%, which again is attractive. The payout is however pegged on a number of factors such as the binary options.

Conclusion

It is certainly not an overstatement to say that BDSwiss is a broker of its own kind. It has stood out in both worlds – in binary trading as well as forex trading. BDSwiss has worked hard on making sure it provides the best of experience to all traders irrespective of whether they want to trade binary or forex.

In the event that you’re looking for a broker who has your interest at heart, then BDSwiss is that broker because they’ve created two real accounts that take care of traders who are beginning in their forex trading journey and, at the same time, have another account for those who want to trade larger volumes.

X