Markets: binary and Forex
Minimum deposit: 0 USD
Deposit methods: transfer, card, Skrill, Neteller
Platform: Web for binaries, MT4 for Forex and CFDs
Spread: 1.3 average for EURUSD / 85% payout in binaries
What is BDSwiss?
BDSWISS is a fairly recent binary options broker, CFDs and Forex joining the club of brokers that start to offer trading in different derivative products, because as we should know most of the binary brokers were specialists in them without going into other markets.
This is a regulated broker in the Mauritius Islands. It was previously regulated in Cyprus by CySEC . Furthermore, the broker is registered with the CNMV under number 3568.
As for the protection of the funds, the broker has the Cyprus fund that protects up to about 20,000 euros per client, so unless you have a huge amount of money you can be sure in case the broker fails, which is little unlikely in any way.
BDSWISS has extensive experience in the markets providing services since 2010 having become one of the largest and most popular binary options brokers today.
Say that the broker is a specialist in binary options but I ended up adding CFDs and Forex later to attract even more clients.
This broker offers the WebTrader for binaries and the MetaTrader4 for Forex and CFDs.
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With the WebTrader you can trade binary options for stocks, currencies, commodities and stock indices.
Some of the trading tools presented by this platform are the following:
Financial market analysis
Access to different economic data
Access to live trading sessions
Live seminars to learn the different concepts of trading
Of course, this WebTrader has its mobile app, with which we can trade from anywhere and at any time.
The other platform is the well-known MetaTrader 4, with which you can trade the CFDs and Forex markets.
In addition to the desktop MetaTrader we can use a web type, which also has its mobile application, so we see that we can always have access to the market.
Open account with BDSwiss
With this broker we can easily open.
First of all we will have to choose one of the three types of account available: Basic, Bonus and Black.
Once chosen we fill out a form and without much more bureaucracy we will have the account open for which we will simply have to deposit the money and send an identity document.
Currently, the broker does not offer account opening bonuses as regulations have become stricter in this regard, which is a normal move, since most of these bonds were never collected due to the difficult conditions. After all, nobody is going to give hard for four pesetas, don’t you think?
The customer service is quite good since they have a live chat, something that not all brokers can boast of, in addition to offering service in Spanish.
For those who prefer telephone contact, there is also the possibility by calling +34 910602455, which is a customer service telephone number from Madrid in Spain.
The other way to get in touch is by email with the following: firstname.lastname@example.org .
As we can see, the possibilities for customer contact are remarkable, better than most brokers in the sector.
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Let’s see the characteristics of the three accounts:
BASIC Bonus Black
Deposit – 500 10,000
Average spread 1.3 1.5 one
Leverage 500: 1 1000: 1 1000: 1
Lot 0.01 0.01 0.1
Regarding Forex, we have the opportunity to trade in the following markets: main currencies, raw materials, main world bonds and stock indices.
Binary options conditions
In binary options we will be able to trade obtaining up to 85% of benefits, which is in the sector average.
The amount to invest ranges from € 1 to € 1,500 per operation.
With this broker we will be able to negotiate 24 hours 7 days a week, something that not many brokers offer.
As for the range of assets we have more than 250 to choose from, a much better than average variety in the binary options sector.
The offer in binary options as we have said is quite good offering up to 110 of the world’s leading companies from all markets. In addition we will be able to trade in pairs of shares such as Amazon-Ebay.
Another fact to consider is the possibility of trading with more than 30 currency pairs and 17 raw materials, a figure quite high for what we are used to seeing in binary options.
The types of binary options that BDSwiss offers are the following:
Classic binary options, from 15 minutes to the end of the day.
Options for pairs in which you will have to guess which will be the pair that will behave best
60 seconds, in ultra fast mode and only suitable for people who like extreme risk.
One-touch options, with which we will win if the price of the asset touches a certain level in a period of time.
Ladder options, with which the payment rates will vary depending on the price level at which the option is found.
On the web you can find quite a few opinions about this broker, some positive and some negative.
As always, we must emphasize that binary options markets are full of negative opinions for the simple fact that they are markets in which many inexperienced people trade who end up losing their money and then blame the broker.
This is an already quite difficult market for professional traders so let’s imagine what it will be for those with little experience.
Believe us, BDSwiss does not need to carry out any scam strategy for traders to lose money. The binary options market, despite being easy to trade, is difficult to make money in the long term and traders are self-sufficient to lose money in dynamic binary markets.
In general, our opinion is that it is a fairly good binary options broker, possibly better than the industry average, with good customer service and acceptable trading conditions, although they would do better to improve the payments of the binary options payouts as we believe there is plenty of room for it.
As far as the spreads and conditions of Forex and CFDs are within the acceptable parameters of the market.
One of the things we like most about BDSwiss is the good appearance of its website, which seems quite functional and professional, which always comes in handy when deciding on it as a binary options broker.
If you want more information, visit the website.