BDSwiss are registered in Cyprus by CySEC under license number 199/13. They are also registered with the Swedish Financial Authority (Finansverket, FI) and have similar licenses from financial institutions around Europe.
BD Swiss, or Banc De Swiss as they are also called, was founded in 2011 and is based in Limassol in Cyprus. They also have an office in Frankfurt, Germany. This means that they have a strong focus on the German market.
The BD Swiss platform is operated by Spot Option, which is one of the largest providers of trading platforms. It is very easy to navigate and can sometimes feel a little too minimalist in its design. We assume that it is so as not to give beginners a cluttered or overwhelming impression. There are educational materials in the form of guides, but far from the best range of education in the current market.
At BD Swiss you can choose from among the following options:
You simply choose a stock, raw material or commodity, currency or index, and invest in whether it will close at a higher or lower value than at the investment time, within a certain amount of time (usually 5, 10, 15, 30 or 60 minutes).
Instead of investing in the outcome of an option, you invest in which out of two options will reach the higher value within a predetermined amount of time.
Binary Options Long Term function similarly to regular binary options, but you invest over a longer period of time than normal. For example, you can invest where a rate will be positioned after the next quarter.
BD Swiss offers a 60 second binary options platform for those who want to trade at a really high tempo. As the name suggests, you invest in whether a stock option will rise or fall within 60 seconds.
Instead of investing in whether the option will rise or fall in value over time, you invest in whether it will exceed a certain value within a certain time. You put a predetermined “barrier” which the option must exceed within a certain time, and if it does, you will get your payment.
Ladder options are sophisticated investment options that are only recommended for experienced traders. When you trade in ladder options, you choose an option and set three different values with three different closing times which you believe the option will achieve. For each value which the option reaches, you’ll get a percentage of the payout.
BD Swiss also offer to unique features: Double Up and “Rollover”
Double Up means you can double the stake for all trades. This feature can be useful if a deal looks to be successful. With the Double Up bet you get a chance to double your return.
Rollover is a feature that gives you as a trader the possibility to extend the expiration time of the binary option. The rollover feature can be used for a fee of 30%.
Examples of options:
Commodities: Gold, Oil, Platinum, Coffee, Sugar
Currencies: NZD/USD, USD/CHF, USD/ZAR, USD/SGD, AUD/USD
Index: ASX(AUSTRALIA), IBEX, NIFTY, NIKKEI 225, TEL AVIV 25
Stocks: Barclays, Google, HSBC Holdings, Rolls Royce, Teva Pharma
BD Swiss provides no bonuses, but occasionally some special deal, which they offer via their platform. So it may be worthwhile to log in at regular intervals, even if you don’t use the platform and invest regularly.
DEMO ACCOUNT AND ACCOUNT OPTIONS
BD Swiss doesn’t offer a demo account, which we think is a bit of a miss for a broker who otherwise seems to want to make its platform available to both beginners and advanced investors. They only offer one type of default account for its investors, no matter how much or little you invest.
The BD Swiss platform is available for both Android and iOS devices, allowing you to trade 24/7, wherever you are, with whatever device you have, whether it be a Samsung phone or an iPhone. The mobile platform looks basically the same as the platform on your computer and you have almost full access to all trade and account features. You will find BD Swiss App in the App Store or Google Play.
DEPOSITS AND WITHDRAWALS
At BD Swiss you simply deposit by card or by bank transfer. The minimum deposit is €100. The fastest withdrawals happen if you use the same method of payment as for the deposit. Remember that bank transfer always takes a few days to complete and that some banks don’t allow, for example, crediting a MasterCard.
BD Swiss have a couple of forms of contact such as chat and e-mail are offered in English, is open around the clock and is very pleasant and accommodating.
BD Swiss has a great platform which is simple to understand and easy to deal with. Big plus for the Swedish support and accessible design. A minus is that educational materials are quite limited and they do not offer a demo account. They also have no bonuses or exciting competitions. As mentioned, it’s a stable broker, but it doesn’t offer that little bit extra that we’re looking for.