The strategy has always been from being a traditional Forex broker into the thriving world of binary options, after waiting a few years to see if the trend was real. But this is not the case for one broker and that broker is Banc de Swiss, by BDSwiss Holding PLC.
Official website: BDSwiss.com
BDSwiss Broker Review
BDSwiss expanded its product offering to include now traditional Forex trading, together with a host of CFDS, as well. It has become a master of both trades.
Founded in 2012, Banc de Swiss has already built a global customer base of over 500,000 and recently received an award for being the “Most Reliable Broker’ among its peers in 2015.
BDSwiss is a Forex and binary options broker owned by BDSwiss Holding Plc . BDSwiss is regulated by the Cyprus Securities and Exchange Commission, CySEC License No. 199/13. Their registered address is Ioanni Stylianou 6, 2nd floor, Office 202, 2003 Nicosia, Cyprus. See why you need a regulated broker here.
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BDSwiss is a binary options broker that is focused primarily on the German speaking market. Their trading platform and website is available in five (5) major European languages.
One of the unique things is that BDSwiss LLC is registered with the U.S. National Futures Association (NFA), under ID number 0486419.
The NFA is one of the most feared financial watchdogs in the industry but it must be noted that BDSwiss LLC (which is part of the BDSwiss group) is only registered with the NFA, not regulated by them.
Banc de Swiss Ratings
- User Friendly 19/20
- Number of assets and expiry times 18/20
- Commissions, Support and Effective return 18/20
- Deposit, Payment and Bonus 18/20
BDSwiss Trading Platform
BDSwiss platform 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.
Banc De Swiss 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% can be made.
You can open a Forex account with no minimum deposit, and 0.01 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 BDSwiss MetaTrader4 (Forex platform) is also available for PC App (both MAC and Windows).
In addition to the ease of use and efficiency of the trading platform, traders also have access to a few unique features that can only be found on SpotOption’s powered trading platform such as double up and rollover feature.
Their web based trading platform is powered by SpotOption, a leading provider of financial trading platforms for many of the existing binary options brokers around in the market.
You get the same ease of use as with many of SpotOption’s white labels.
With the “Pro Trader” mode, traders have many of the tools and accessories that are available to high professional trading platforms.
BDSwiss Trade Types
A trader at BDSwiss can never be bored as the broker offers their clients four (4) types of trades which includes: classic high/low options, 60 seconds options, option builder, and one touch options.
BDSwiss Trading Account
At BDSwiss, traders only have a single type of trading account to choose from.
A minimum deposit of just $100 is required to open a live trading account here. The low deposit requirement makes BDSwiss ideal for new traders who do not want to part with a lot of money until they feel comfortable with their broker.
BDSwiss Payout Ratios
The payout ratios at BDSwiss vary with the type of trades made by the trader. For One Touch trades, returns can be as high as 600%. However, the average returns for normal trades are around 65% to 85%. For out of the money trades, the rebates offered ranges from 5% to 10%.
The broker is supervised by Cyprus’s financial regulator – CySec (license number 199/13). In addition to that, the company is regulated in other EU countries, which ensures the broker’s transparency and reliability.
The Pros and Cons of BDSwiss
As with every other broker, Banc De Swiss have its advantages and disadvantages:
The BDSwiss broker’s platform operates on the basis of SpotOption, a popular technology with much positive reputation and simple and intuitive interface which enables a worthwhile user experience during trading.
At the moment, the website and customer support is available in 19 languages, this has helped in the company’s quick gain of popularity.
Affordable and Reliable
The minimum deposit amount with which you can start trading is $100; minimum trade volume is $5. Thanks to these conditions, the broker’s platform is suitable for both professional traders and newcomers, who can learn to trade without risking large sums of money.
All internet traffic data between the broker and their clients are encrypted with SSL encryption technology. The safety of their clients’ fund is also not overlooked which is why Banc de Swiss only accept deposits through proven methods like: Major Credit Cards, Wire Transfer.
Major attention has been given to educating the traders. Exclusive seminars are held on a regular basis, in addition to free learning materials, expert support, and other benefits.
No Windows phone support. The mobile platform is not available for Windows devices at the moment.
BDSwiss Trading Assets
They offer a wide array of assets for their users. Trading can be done in 171 underlying assets from ranging from stocks, currencies, indexes, and commodities.
BDSwiss Asset Index
At BDSwiss, traders can trade in commodities(coffee,gold,crude oil,platinum,silver,sugar,wheat), currency pairs, Indices and Stocks(Amazon, Apple, Barclays, BIDU, BNP Paribas, British American Tobacco, Citigroup, Coca Cola, FIAT, France Telecom, Gazprom, Goldman Sachs, Google, HSBC Holdings, IBM, Lukoil)
BDSwiss Customer Services
As was said above, customers can get answers to their questions fairly quickly by using one of the means of contacting the company. Each new client receives a personal manager who is ready to provide support over the phone, email or by a live chat on their website.
BDSwiss Mobile App
Traders can trade worldwide and from any device, using the mobile version of the platform for their smartphones and tablets, which is available for Android and iOS.
BDSwiss Additional Features
The platform provides additional tools for profitable trading
An economic calendar, market analytics by professional traders, a blog, etc. 10% refund for unsuccessful trades. This option can be configured by the trader and may affect the payout percentage for profitable trades.
Is Banc de Swiss a scam
With the above proven facts, we don’t doubt the authenticity of BDSwiss.
What more can one ask for in a broker, with the superior service and incentives for novice traders provided by BDSwiss, topping it up with the efficient and user friendly trading platform. With BDSwiss, anyone can trade like a professional.
Banc de Swiss broker has taken its binary option offering to a new level by augmenting it with a traditional trading alternative. You can now get the best of both worlds, binary options and traditional Forex and CFD trading, from one simple account offered by one single broker Spreads and leverage are competitive, and you will not find a broader array of asset choices from even the best brokers in the industry.
500,000+ customers in four years is quite an achievement, too, so this firm’s value proposition must be working. If you are more inclined to trade the European markets, then they are the broker for you.