BDSwiss is now one of the most popular licensed and regulated brokers for binary options and Forex trading in Europe. They are regulated by CySEC in Cyprus, and have been operating since 2013.
Broker Quick Facts
|Broker Type:||Binary Options & Forex|
While reviewing BDSwiss, we see that firstly, they offer both binary options and Forex trading. They are using the SpotOption trading software for binary options, and the MetaTrader4 platform for Forex and CFD’s. These platforms are very popular, mainly due to its clear and user friendly interface.
Regarding binary options, you have a variety of formats to choose from. These are, Classic Binary Options, Pairs, Ladders, 60 Seconds, Long Term and OneTouch options. In the “60 Seconds” or short term option you will find expiry times of 30, 60, 80, 180, and 300 seconds. Whereas in the Long Term options you have expiry times of up to 3 months.
Forex trading at BDSwiss in available with the MetaTrader4 software. Here you can trade Currencies or CFD’s with leverage of up to 1:500 on spreads as low as 1.0 pip. This depends on which currency you’re trading and which account type you have. They have three to offer, each with different benefits.
BDSwiss offers their customers a lot of educational material and tutorials. This information covers anything from basic explanations of binary options to advance trading strategy. They also provide you with financial and market news. They are a multilingual company, and their website is available in so many languages:English, Deutsch, Italiano, Español, 한국어 (Korean), Français, Norsk (Norwegian) and Polski (Polish).
They have a low $100 minimum required deposit for binary option trading and their short term options can be traded for as low as $1. Other binary options have $25 being the minimum trade amount. Returns of up to 85%.
You can open a Forex account with no minimum deposit, and a .01 minimum lot size per purchase. They have both of their trading platforms available for Web based trade, and Mobile App (both Android and iOS) The MetaTrader4 (Forex platform) is also available for PC App (both MAC and Windows).
We always stress the need to our readers, that they carefully review a brokers Terms and Conditions. This will help to verify what requirements they have regarding withdrawals. Read our page about complaints to find out more.
License and Regulation
Most governmental financial regulators issue special licenses to operate a binary options brokerage. Some examples are, ASIC in Australia, the FSB in South Africa and CySEC in Cyprus (EU).
BDSwiss has a regulatory license from the CySEC of Cyprus which allows it to operate within the EU. Their license number is 199/13.
The BDSwiss binary options and Forex broker is actually owned and operated by BDSwiss Holding Plc.
Their address is: Spyrou Kyprianou 23, Limassol, 4001 Cyprus. Phone Number: (UK) +44 20 3769 1426, (Switzerland) +41 43 550 0220, (Germany) +49 800 724 6109. Email: [email protected], Website: www.bdswiss.com