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For 8 years, BDSwiss has been a market participant, but there are almost no reviews on the Internet about the work of this company. This circumstance does not always indicate a negative attitude towards clients or fraudulent actions on the part of the company. Occasionally, this state of affairs shows that the traders of a certain state are not the target brokerage audience.
What did looking at the basic parameters of BDSwiss show?
It must be said that there is no detail on the intermediary’s website. It is only written that the company is registered in Cyprus, and several regulators. It should be noted that 3 companies work under one brand at once. Each of them has its own regulator.
- The NFA monitors the activities of BDSwiss LLC.
- Since the end of 2016, BDS Markets has been regulated by the FSC.
- BDSwiss Holding PLC is a company that complies with the requirements of the Cypriot CySEC. Interestingly, in the past, this structure of the broker was called Keplero Holdings. BDSwiss does not have a reason for rebranding on its official website. This fact is not mentioned at all. In their work, all organizations are guided by the rules of MiFID.
If you open and replenish an account with this broker, you will be forced to interact with the intermediary and financial markets under the following conditions:
- The profit on the trade corresponds to the value of up to 85% of the size of the bet made.
- When an out-of-the-money option is closed, it is possible to receive up to a 10% return.
- The minimum amount to get started is $100 or $250 (according to various sources of information). Most likely, BDSwiss focuses on clients who have experience in trading, because for beginners, the starting amount is quite high.
- The rate is calculated depending on the option. For classic binary options, the minimum value corresponds to $25. If we are talking about short-term options, then there is a decrease to $1.
- Clients get the opportunity to work not only with binary options, but also in the Forex market. The site allows you to download the Meta Trader 4 terminal, but it is not possible to interact with options on it. A web terminal is required for these financial instruments.
- There is no demo account on BO, but there is a demo account on Forex accounts.
- Early closure of trades, doubling and extension of the option are allowed.
Account Selection
For binary options, separate accounts are provided. The Basic variety is needed to work in the Forex market. Count on floating spreads, from one to one and a half pips for popular currency pairs. The value of leverage reaches a value of 1:400 or 500. The lot size starts from 0.01, which allows you to manage your capital more flexibly, according to the requirements of the strategies used.
Black is also needed to operate assets in the international currency market. The initial amount of the deposit is from 10 thousand units of the deposit currency. Spreads are smaller by a few tenths of a point compared to the basic version of the account. There are no commissions, and the minimum lot is 0.1.
What else is important?
You must be sure to pass verification, otherwise there may be problems with the withdrawal of funds. The WebTrader platform has poor functionality. This does not allow for market analysis. Mobile terminals are available, but their functionality is even more sparse. High-quality work with them is impossible.
Replenishment of the account can take place through several financial channels:
- Bank transfer. The term of crediting is up to 7 working days.
- Bank card.
- Wallets of electronic payment systems.
How does BDSwiss withdraw funds? If the money cannot be withdrawn to the credit details, then the money will be withdrawn in another way. However, please note: payments in favor of third parties are strictly prohibited. There are also some withdrawal restrictions. First, you can withdraw an amount that corresponds to at least €100. The second prerequisite is that the account must reach a turnover corresponding to the size of the deposit. If this condition is not met, then you will have to pay an additional commission corresponding to 5%, or €25.
Analytical materials and training
Such materials are presented in various areas of interaction with the market. Webinars are available exclusively in English. Live Trading Sessions is a real-time explanation of the situation in the market by a BDSwiss broker specialist. The duration of the session is short, up to 30 minutes. Occasionally, deals are made live.
However, there is not a lot of analytics: a news section (including the archive), a calendar of events taking place in the economy, online Forex signals available to all clients. These characteristics include the name of the asset, the direction of the signal, and the stop loss. There is no detailed justification, so accordingly, they cannot be fully trusted.
What do the clients of the BDSwiss broker write?
It is said that there is a lot of negativity in the reviews published about BDSwiss. For example, people complain that it is impossible to withdraw more money than was deposited into the account, and spreads can increase sharply even in a calm market.
The company presents itself as an international Forex and CFD broker, with its main client base in Europe. The year of foundation is considered to be 2012. The intermediary offers clients trading in contracts for difference on any asset, taking into account currencies and stocks. It is possible to implement speculative strategies based on the growth and fall of an asset/derivative. The work of the group is carried out from Switzerland, Zug.
The amount on the client’s account cannot go into the negative zone because the broker protects users from such a situation. As a result, the BDSwiss rating is slightly higher. Opening an account is free of charge. International traders are allowed to trade, but not from all countries in the world.