Invest in the Financial Market at BDSwiss
German Ingenuity in a Trading Platform
BDSwiss – otherwise known as Banc De Swiss – offers traders maximum efficiency in a user-friendly trading platform. New traders and seasoned veterans of binary options trading can easily access stocks, commodities, indices and currency pairs. This binary options broker may not be as well-known as the top online brokers out there, but its quality is on par with the best of them. Contrary to belief, it is not a Swiss online trading site but a German online broker. It caters primarily to native German speakers, but the English trading platform makes it accessible to traders around the world. Customer service is impeccable and the trading platform is a cut above the rest. At last count there were over 200 commodities, stocks, indices and currencies to choose from, in a clutter-free platform. BDSwiss is licensed and authorised by CySEC (Cyprus Securities and Exchange Commission) with license number 199/13. The company’s headquarters are in Limassol Cyprus.
Trading at Banc De Swiss
As is standard at the top binary options brokers, the trading platform at BDSwiss is web-based. This means there is no need to download any software to get started. Novices, intermediate level traders and professionals will find plenty of value in this trading platform. Security is paramount, with SSL technology protecting the privacy of trader accounts and financial information at all times. Since the trading platform is provided by SpotOption, all registered clients at Banc De Swiss can rest assured that they are in safe hands. Among the many trading opportunities are ProTrade, OptionBuilder, 30 and 60 second trading, One Touch etc. In terms of actual trading, they are Binary Options, Long-Term Options, Short-Term Options, One Touch Options and One Pair Options. Traders can access telephone support between 12 noon and 8 PM Central European Time, with live chat available 24/7.
Traders can fund their accounts with multiple safe and secure payments options, each with a minimum payout of €100, including: credit cards, wire transfers, Maestro cards, Sofort, Paysafecard, Ukash, Giropay, and EPS. The range of tradable assets includes an impressive selection of stocks such as: Goldman Sachs, IBM, SAB Miller, Google, Coca-Cola, HSP Holdings, Gazprom and Amazon. There are also a substantial number of currencies waiting to be traded including these popular pairs: USD/CHF, USD/SGD, USD/CAD, GBP/USD and EUR/USD among others.On the commodities front, traders can place call and put options on silver, oil, platinum, wheat, coffee, gold, and sugar. Indices include S&P 500, NASDAQ, FTSE, RTS, Tel Aviv 25 and Nikkei 225, etc.
Trading Resources at Banc De Swiss
For each of the trading options on site, Banc De Swiss offers a quick and clear explanation of the trading process, alongside an instructive video. These provide an audio-visual guide to trading Binary Options, Long-Term Options, Short-Term Options, One Touch Options and One Pair Options. For binary options the chart times range from 30 minutes to 12 hours. By clicking on the open positions tab, traders can easily track and monitor the progress of their open positions in real time. With standard binary options, traders can expect payouts of up to 80%. Incidentally, One Touch options can generate payouts in excess of 400%.
The mobile trading platform is equally impressive. Traders can download and install the mobile app on their Android smartphones and tablets, or iOS smartphones and tablets. The Trading App is available for free at the Google play store or at the App Store.
Pros and Cons of BDSwiss
Traders have access to at least 200 tradable assets, which is substantial for an online binary options broker. The SpotOption trading platform is well respected the world over, and it provides traders with peace of mind, stability and maximum security. Likewise customer support, technical expertise and the range of educational assets are exemplary. On the flipside, there is no free demo account which means you’ll have to do a lot more homeworking watch more videos before you trade for real. There are rewards and bonuses, but traders will need to contact support for more information on the available offers.
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.