BDSwiss review and opinions. Is it scam?

BDSwiss review

BDSwiss (also known as Banc de Swiss) is a quite popular binary options broker subject to regulations of the Cyprus department, CySec (license no.: 199/13{2). The service is owned by BDSwiss Holding Plc company (Keplero Holdings Ltd) located in Cyprus.

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The name of the service may be misleading since its only Swiss element is the Swiss support contact number; there is no office or correspondence address that leads to Switzerland. It seems that the Swiss part is there to help promote the product as safe, secure and reliable, traits commonly associated with the Swiss banks.

The company first started in Germany, but its dynamic development soon meant expanding into other countries. The website is elegant, clear and pleasant to navigate. We can easily check the latest market news and the economic calendar or browse through the "Trader Education" section filled with a variety of informative materials.

The website uses SSL "green bar" certificate, so the users can be sure that all the data sent are safe and will not be used by a third party.

The website is available in Danish, Dutch, Finnish, French, German, Greek, Italian, Norwegian, Polish, Spanish and Swedish.

The broker also encourages the users to complete challenges, earn points and win unique prizes.

BDSwiss Platform

BDSwiss uses a well­-tested SpotOption platform which offers a typical division of assets into: stocks, commodities, currencies and indices (171 available). However, the broker asks the users to contact them if there is an asset missing from the list which the client would like to add. All the rates are calculated on the basis of the most recent rates provided by Reuters. There are two options offered: the classic high/low, one-­touch, short-­term 30-, 60-, 120-, 180- and 300-seconds, pair options (comparing two assets) and a ladder. The expiration date varies between 30 seconds and 12 months. It is possible to earn up to 83% when the long-­term options are considered and about 70% as far as the short-­term options go.

The platform is also available for mobile devices.

 

BDSwiss deposits and withdrawals

The minimum amount to deposit or withdraw is €100. A bank wire withdrawal costs €25. There is no information regarding bonuses, but thanks to a live chat with a representative we now know that it can go as high as 100% and should be rotated at least 15 times before it can be withdrawn.

Payment options include credit cards, bank wires, Ukasz, Sofort, Paysafecard, Giropay and EPS.

DEMO account

The broker does not offer a demo account.

Client support

All enquiries may be addressed via a 24/7 chat available in English, a traditional contact form, or telephone support in 10 languages. The response time is short and the employees responsible for the support have impeccable manners. For those who prefer sending a traditional letter, you may do so using the following German office correspondence address:

Mainzer Landstrasse 41

60329 Frankfurt

Educational materials

As far as the educational offer is concerned, users get access to an e-­book, a glossary of terms used in binary options and an introductory video with a short instruction on how to open an account and a description of different types of binary option trading. There are more videos, translated into different languages, from which you can learn the basic about options, types of options and strategies, trading or reading charts.

The economic calendar and news market pages are also worth studying.

Bonus

The bonus may go as high as 100% of the deposit.

BDSwiss SCAM?

BDSwiss is a regulated and a rather well-­established broker. However, as it always happens, there are clients who have been disappointed with BDBSwiss' service, but we have not found nor received any major or multiple complaints. Still, since it is not exactly explained how a bonus is awarded, we strongly encourage potential users either to clear this issue with a representative or simply opt out.

Summary

 

BDswiss is a pleasant service with multiple language versions, strong support, a low minimal deposit and quick withdrawals. What may be considered a disadvantage is the minimal withdrawal limit, set at €100, and only one account currency available. It should be noted that the broker is regulated and has experience with such demanding markets as the German, Swiss and Austrian ones, which undoubtedly adds to the prestige.

Discussion forum and opinions

Forum link

Broker details
Broker’s name BDSwiss
Website url www.bdswiss.com
Start of 2012
Country of registration Cyprus
Regulation yes (CySec)
Platform SpotOption
Markets Forex, Indices, Stocks, Commodities
Options types high/low, One-Touch, 30-60 sec, pair options
Assets 171
Deposit methods credit card, maestro debit card, wire transfer, Ukash, Sofort, Paysafecard, Giropay, EPS
Withdrawal methods credit card, wire transfer
Deposit min. 100 euro
Min/max stake 5 euro/1500 euro
Withdrawal min. 100 euro
Deposit/withdrawal fee 25 euro – wire transfer, no fees with CC
Profit up to 83%
Account currency EUR
Bonus up to 100%
Failed transactions refund 10%
Demo none
On-line support yes
Languages Polish, English, German, Greek, Italian, Danish, Norwegian, Finnish, Swedish, Dutch, French, Spanish
US traders no
Expiry times 30, 60, 120, 180, 300 seconds up to 12 months
Educational materials tutorial, e-book, video courses, economic calendar, dictionary, market news
Mobile trading yes

Video

BDSwiss rank

  • Platform: SpotOption
  • Launched: 2012
  • Registration: Cyprus
Withdrawals
Platform
Support
Functionality and look
Reliability
Payment methods
Educational materials
Return
Assets
Quite good

User Rating:

4/5
(1 votes)
  • Platform: SpotOption
  • Launched: 2012
  • Registration: Cyprus
Withdrawals 80%
Platform 84%
Support 88%
Functionality and look 94%
Reliability 82%
Payment methods 80%
Educational materials 88%
Return 84%
Assets 84%
85% Quite good

User Rating:

81
(1 votes)

Pros
  • Cysec regulation
  • High Returns
  • Low deposit min.
  • Long-term options
  • Mobile trading
Cons
  • Average platform
  • Only one currency (euro)
  • High withdrawal minimum

 

 



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