Banc De Swiss, also known as BD Swiss is one of the newer binary options brokers in the market. However, even though they are relatively new to the industry, the broker has taken the market by storm; growing exponentially in a very short period of time. Today, we'll take a look at BD Swiss to see how well they stack up against their competition.
When I started testing the platform, I was instantly impressed by what I saw. Banc De Swiss has found the fine line between simplicity and intricacy. I found that their platform was incredibly easy to navigate and use. However, in many cases, too much simplicity can lead to lack of abilities. That wasn't the case here. Not only was Banc De Swiss' platform easy to use, it included all the features and tools that experts would expect to see when trading binary options. The broker offers a wide range of trade types, assets, and expiry periods; all of which experts and beginners alike will find useful. All in all, the only word that comes to mind when thinking about the BD Swiss platform is “impressive”.
Deposits & Withdrawals
- Minimum Deposits – Unfortunately, high minimum deposits often deter beginner traders from ever even getting started. However, that's not the case at BD Swiss. The broker offers a minimum deposit of just $100; making binary options an available investment vehicle to the masses. The maximum deposit amount for credit card is $5,000 , for wire – unlimited and for Western Union – $10,000.
- Deposit & Withdrawal Options – Traders who work with this broker have the ability to deposit or withdrawal funds using a credit card, wire transfer, or a host of e-wallets like UKash. Withdrawals for credit cards are free, for wire you must pay $25. Also, the time frames associated with deposits and withdrawals are more than reasonable.
Customer Support & Education
When it comes to choosing a binary options broker two of the most important factors to pay attention to are customer service and educational resources. In the case of BD Swiss, the broker has done a great job in these areas…
- Customer Support – Customer support is available via phone, email, or live chat. While the phone lines have limited hours, support staff is available 24/7 via live chat. I also found that their agents were highly knowledgeable and able to answer even the toughest questions that I threw their way.
- Education – When it comes to educational resources, I would say that the resources offered at Banc De Swiss are decent. While they aren't great, they are strong enough to send the beginner in the right direction. However, if you are a beginner, I would seek more training after reading the educational materials offered at BD Swiss.
When it comes to features, most of what Banc De Swiss offers is pretty run of the mill. However, one thing that really stood out is the high average and max returns. While 70% is a good return average in binary options, Banc De Swiss offers an average return rate of 89%; and on the higher risk trades, returns can go as high as 600%.
Overall, I was impressed by Banc De Swiss. While I would like to see stronger educational resources, I can also see why they've grown so rapidly. The company has an incredible trading platform, quality customer service and offers well above average returns. All in all, Banc De Swiss is a real contender in the binary options space.
You can find more information about binary options brokers on our brokers review page.