Talking about binary options business where there is an involvement of a wide range of financial transactions the possibility of brokers being fraud is high. There has been an innumerable case of online theft that paints a very dirty picture of the reputable business that has been phenomenal worldwide. These scams keep on coming and prove to be successful in luring innocent people into their trap. Inspite of these there are many platforms which have been able to maintain their reputation for years for giving excellent services to their clients.
One such name is the Banc de Swiss otherwise commonly known as BD Swiss. With all the requests coming online enquiring about BD Swiss’s authenticity I am here to make a review of this platform. If you are a new trader and have stumbled upon BD Swiss and want to know whether it is the right platform for you just go through this article as I promise to make your doubts clear.
BDSwiss Trading App Review – Is Banc De Swiss a Scam?
Details
Banc de Swiss has been into the market since 2012 and it’s been a earning a good name since then. It is situated in Makariou III Street 160 3026, Limassol, Cyprus. It is regulated by the reputed CySEC regulations and hence it is a reliable licensed broker. Their license number is 199/13.
You can have access to more than 60 assets and the account currency must be EUR. It mainly concentrates upon the German speaking countries but traders from worldwide can also become its client.
You can make deposits and withdrawal through credit cards, Maestro, wire Transfer and much more. BD Swiss has been a very popular and high profile options broker which continues to grow every year into a much more reliable platform.
Account Types
The most interesting part of BD Swiss is its Standard account type feature which only allows a single type of account for all traders with a minimum deposit of $200. But traders can deposit higher amounts depending upon their trading style.
There is also an option for a free Demo account. BD Swiss also claims to provide you with 85% return on a single trade.
Assets
The assets offered in BD Swiss is more than 60 which consists of 7 commodities, 14 currency pairs, 36 stocks and 20 indices. This leaves you with a wide range of assets to trade with.
Options types
BD Swiss allows only 6 types of trading options which is quite straightforward. The options types are listed below:
- High/Low options
- 30/60 seconds options
- Pairs
- Long Term
- Ladder
- One Touch options
The overview of the trading platform.
From the above picture you can see the graph numbered 1 shows the asset types, graph numbered 2 shows the expiry time and 3 the amount deposited. The final graph numbered 4 shows the assessment of your market.
Additional Features
The BD Swiss platform offers a number of additional features and one such is the feature that allows you to adjust your option individually, which might be handy if there is a change in the market scenario. You also get introduced to ‘sell’, ‘Double-up’ and ‘Rollover’ features.
With the sell feature you can sell your option before it expires. With the feature Double-up you have the opportunity to double the option and open a new option with the same condition. With Rollover you can extend the expiry time if you think you need more time.
The available platforms
The BD Swiss is available in many platforms. You have the availability to access through your smart phones or tabs and the apps are free to download. This allows a wide flexible mode of trading.
The site gives clear links to avail the services in other platforms.
Banking
Banc de Swiss offers a wide and easy range of banking options. You can use the same banking system for making the deposit as well as the withdrawals. These include Maestro, e-wallets, VISA, Western Union, Wire Transfer like NETELLER, debits and credit cards, Sofort etc. The withdrawal might take a minimum of one day or a maximum of one week.
Customer Support
BD’s customer service is excellent, safe and secured. The platform provides services through Skype, WhatsApp and traditional email and Call services. You can also email the support team in support@bdswiss.com. International clients can make use of German, Norwegian, Swedish, English and Italian as the mode of communication.
Additional Information
You should know that unlike most binary options platforms BD Swiss doesn’t make use of the automated trading software for their trading business. It seems to be outdated but this is seems to be more reliable for the professional traders who rely completely on their personal trading experience.
If you wish to make use of an automated trading robot for your trading then you should consider using some other platform that provides with this facility.
To open an account in this platform is really easy as you just need to fill up your personal details after which you will be asked to verify your account. After the verification, you will be asked to deposit the amount you wish to make and you can start with your trading eventually.
I would like to warn traders outside of Europe from countries like Canada and also Poland and Russia that there is broker by a similar name BDSwiss Markets which is not licensed under CySEC and traders should not confuse it with BD Swiss.
I am sure by now that I have been able to convince you that BD Swiss is an authentic binary options platform. No doubt it’s been one of my favorite trading sites available in the market and which has been gaining all the fame by its involvement with high profile traders and new comers in the business. It is a highly recommendable and trustworthy system and I believe that in all these years BD Swiss have earned a reputation among veteran traders and new comers alike. So should you be making the move
It is a highly recommendable and trustworthy system and I believe that in all these years BD Swiss have earned a reputation among veteran traders and new comers alike. So should you be making the move of becoming a trader involved with BD Swiss? I would say yes. There is no harm in trying out BD Swiss as it is a very versatile and exceptionally professional platform which has been into the market for years.
Thank you for reading this article I hope it was informative and if there are any queries you can leave a comment below in the comment section. All the best.