|Support Types||Live Chat , Support Mail|
|Languages||English, German, Greek, Italian, Danish, Norwegian, Polish, Finnish, Swedish, Dutch, French, Spanish, Slovenian, Russian|
|Minimum 1st Deposit||$100|
|Minimum Account Size||$100|
|Minimum Trade Amount||$5|
|Maximum Trade Amount||$1500|
|Bonus||Up to 100% first deposit bonus|
|Free Demo Account|
|Regulation||Regulated by Cysec|
|Account Types||One single type of account|
|Deposit Methods||Visa, MasterCard, Maestro, Wire transfer, Sofort, Paysafe, UKash, GiroPay, EPS|
|Withdrawal Methods||Visa, MasterCard, Maestro, Wire transfer, Sofort, Paysafe, UKash, GiroPay, EPS|
|Number of Assets||200+|
|Expiry Times||30 sec, 60 sec, 5 min, 15 min, 30 min, 1 hr|
|Types of Assets||Currencies, Commodities, Indices, Stocks|
|Option Types||One Pair, Short Term, Long Term, Ladder, Pairs|
|Account Currency||USD, EUR, GBP|
|US Traders Allowed|
- Good VIP program
- Low minimum deposit
- Low max investment
BDSwiss.com is a relatively new binary options broker that provides the best of both worlds with a wide range of features and low minimums for deposits and payouts. The platform makes it easy to execute almost any type of trade that you might need. This combination of value and flexibility makes BDSwiss a good choice for both the newcomer to binary options trading and the seasoned pro.
What are binary options?
Binary options are a kind of investment that requires you to predict the direction of a price change. For example, if you buy a binary option contract on gold, you might have to predict if the price of gold will be up or down by end of business. If you’re right, you will earn a profit usually referred to as a “payout,” and if you’re wrong, you’ll lost all, or almost all, of your investment. Although these investments carry substantial risk, they can be extremely profitable for investors who understand how to exploit everyday market fluctuations. Despite the risk and because of their simplicity, binary options are becoming an increasingly popular choice for investors all over the world.
This broker has been around since 2010, so while it is not the most established site, it does have a track record. The company is based in Cyprus and regulated by SySEC, the Cypriot securities regulator. It also maintains a mailing address in Germany and provides multilingual customer service. BDSwiss acts as both a binary options and Forex broker and serves over half a million clients from all over the world.
For a live trading account, all you need is a $100 deposit, which makes it one of the easiest brokers to get started with. The low requirement makes it easy to test out the site if shopping around for a broker. In terms of assets, BDSwiss does not disappoint, whether you are looking for currency, stocks, or commodities. You can also trade on a variety of major indexes. Accounts support USD, EUR, and GBR currencies.
Being a smaller broker, they don’t offer demo accounts, but there are plenty of other companies that do.
The minimum investment amount is $5. However, the maximum is a bit low at $1500. Luckily, you can work around this problem fairly easily by buying multiple options of the same asset.
They feature payouts up to a respectable 85% on a single trade. One plus of going with BDSwiss is that not all off-target trades result in a total loss of investment, with the broker in some cases taking 90% or 95%.
There are no per-execution fees for using BDSwiss. In addition, if you trade Forex, there are no commissions and you are protected against negative balances and any additional funding obligations that may occur from a loss.
Types of Trades
Virtually all types of trades are supported by this broker. Long-term, one-touch, 30 seconds, 60 seconds, pairs, and ladders are all available. For short-term trades, most expiry times are available: 30/60 seconds, 5 minutes, 15 minutes, 30 minutes, and 60 minutes.
BDSwiss offers a full range of assets to invest in, from Forex to commodities to stocks. In terms of currency, all the major pairs are available as well as the most common minor ones. If you’re interested in more than just Forex, this broker is a good option to explore. You can invest in gold and wheat, but also palladium, cotton, and corn. Their list of index assets is also impressive. As far as stocks go, they have a good international mix as well as US-heavy list of pairs. All in all, a good asset list for a smaller broker.
BDSwiss uses SpotOption’s trading platform, which is used by many online Forex and binary options brokers. It’s intuitive and easy to use. This is an enormously important selling point since its crucial to know exactly what is going on so that you can react quickly in a trading situation. Their platform is available for Windows and Mac, and mobile trading apps are available for both iOS and Android.
Deposits and Withdrawals
Their low minimum deposit makes it easy to get started right away. Most major credit cards are accepted to fund accounts as well as Maestro. They accept other online payment services, including Sofort, Paysafe (includes PaySafeCard and Skrill), UKash, GiroPay, and EPS. You can also fund your account using a wire transfer. The minimum amount for withdrawals is also $100, and they take around 2-3 days to process.
BDSwiss doesn’t have a fixed bonus structure, but does offer a number of competitive bonuses and promotions from time to time.
Since most binary options traders use a broker from outside their own country, it is essential to find one whom you can trust and who will be available when problems come up. BDSwiss gets high marks for customer service, with 24/7 help available through live chat, email, or phone. Support is available in a host of languages, with local phone numbers available in several European countries, Australia, and South Korea.
Information and Training
Making a profit as a trader requires a lot of knowledge. If you’re interested in learning about binary options or Forex, BDSwiss offers analysis and online training to get you up to speed. Their “Hot Assets” tip sheet is particularly useful for identifying indexes to trade on. They also have a news page that zeroes in nicely on useful information for traders and blog posts that offer tips for new traders. They also have impressive educational offerings, with six free online courses available that go far beyond the basic principles of trading that most free classes deal with. If you already understand the mechanics of trading, you can hone your skills in analysis to minimize the risk to your capital.
In addition, the fundamental analysis course explains how to look and economic and political conditions to make wise trades. Another unique offering is their psychological analysis tutorial, which teaches you how to exploit irrational market behaviors to profit in the long run. Although there are lots of online courses and tutorials on binary options out there, there isn’t a lot of solid material out there on fundamental analysis, so their courses are a definite plus.
If you are interest in or are already trading Forex, you should consider BDSwiss as it also offers a Forex trading platform. They offer up to 500x leverage and spreads as low as 1 pip. Their Forex platform is also available for Android and iOS, as well as Windows and Mac.
Although BDSwiss.com isn’t one of the best-known online binary options brokers out there, the company is definitely worth a look. The $100 minimum deposit can’t be beat, and although it isn’t the most established broker, it boasts half a million traders. They also offer a substantial asset list and a quality trading platform. The 24/7 customer service is also a definite advantage