BDSwiss Review

BDSwiss is a popular online trading platform in European countries especially in Switzerland, Austria, Germany, Greece and Sweden.

The distinguishing feature of the platform is that it uses SpotOption trading feature for trading in the offered binary options.

SpotOption enables the users to carry out instant transactions. The platform offers 60 second options, one touch option and long term and ladder options.

Another feature that makes BDSwiss user friendly is that their software is translated in multiple languages. In fact it is one of the very few online trading platforms that have translated websites in German, Spanish, Italian, Korean, French, Polish, Danish and Norwegian. This feature makes the platform accessible to a large set of diverse audience.

In addition to that, BDSwiss is a licensed financial trading broker. The company is licensed under the name BDSwiss Holding Plc (Keplero Holdings Ltd.) by CySEC in Cyprus.

Basic overview of BDSwiss Trading Accounts

The company was founded in 2012 and is licensed by CySEC and regulated under MIFId regulatory rules in European Union. Currently the online trading services are predominantly  available to European states and are not marketed to other big financial global markets.

The minimum deposit to activate the account is currently valued at €100 and the accepted currency is Euros. Minimum trade size has to be €5.

The BDSwiss online trading platform offers 250 tradeable assets that range from Currencies, Indices, Commodities and Stocks.

Moreover, a payout rate of 85% is offered for regular options and 500% for special options. Trading instruments offered by BDSwiss website include Pairs, Long term, 30/60 seconds trade, Call/Put option, one touch and ladder trade option.

It also provides online courses and conduct live webinars so that the users can have useful insights about financial markets.

BDSwiss Forex Trading Accounts

BDSwiss currently offers three accounts to meet the requirements of its diverse set of clientele. The three main accounts offered are BDSwiss Basic, BDSwiss Bonus and BDSwiss Black. You can select the type of the account based on your expertise level of trading in financial markets. Follow this link to know more about the specifications of each of these accounts.

Trading in Binary Options

BDSwiss offers trading in binary options. The traditional way to trade in binary options is simple. The user predicts the price and opts for Call/Put option to make a profit. At any given time users can trade up to $1,500 in a single open option.

Modifying a binary option

There are 3 ways by which a binary option can be modified.

• Sell

Sell instrument allow traders to sell an open option before it expires. Once you select the sell option you are given three seconds to accept or refute the offered price. If you didn’t make any decision in the allotted time you selling offer will be revoked and the option will still remain open.

• Double

This instrument allows you to open a new position that is in alignment with the same direction as your previous position. The new position is opened up based on the current market price. However, it is in the same investment direction and has a same expiration time as the previous position.

• Rollover

This instrument is used to shift the expiration time so as to prolong the expiry of the open binary option.

Bonuses

BDSwiss also offers various bonuses to its users. The terms and conditions of the bonuses however differ with the tradeable assets such as binary options and CFDs. More information about the bonuses can be found here.

Design and Layout of the website

The design and layout of the website is very simple and navigable that makes the website extremely user friendly.

In addition to that, the website and the online trading platform is made compatible with a wide set of devices. It works on all major software that includes iOS, Android, Windows and Mac.

Verdict

BDSwiss is an authenticated online trading platform. It is very simple and direct and provides basic online trading services just fine. This trait makes the platform desirable to some while render it ineffective for others.

The minimum deposit requirement and trade size requirements are very low. This implies that everyone trying their luck with financial trading for the first time can open an account with them without risking a lot.

It also offers limited options for trade. This feature again makes it desirable to beginner traders who are not experienced in the field of Forex and financial trading. However, an expert who deals in vast variety of options and invest significant amount of money in financial trading might demand more sophisticated charting and other financial trading tools.

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