BDSwiss consider themselves one of Europe’s leading financial institutions. Indeed, they are a quite popular broker, especially in countries such as Italy, Germany, Nigeria, Spain and Switzerland. It has to be granted that they are indeed a household name in the realm of Forex-, CFD- and even binary option trading. The About Us section of the website doesn’t just deliver nicely worded corporate pride though: there’s a lot of useful information there for those who want to know who they’re really dealing with through this website.
The corporate entity behind the BDSwiss scenes is BDSwiss Holding Plc. and it’s based at Spyrou Kyprianou 23, Limassol, 4001 Cyprus. The Commercial Register number of the company is HE 300 153 and the VAT number is 103 001 53Z. This is indeed a legitimate Cypriot company, that is also a Cyprus Investment Firm, which means that its clients are entitled to compensation coverage of up to EUR 20,000.
In addition to the above listed physical address, BDSwiss also maintain a postal address at Mainzer Landstrasse 41, 60329 Frankfurt, Germany. The phone numbers through which the BDSwiss offices can be contacted are +4969175368641 and +4969175368649 (Fax). The email address (also used for support) is email@example.com.
BDSwiss are licensed by CySEC (their license number is 199/13) and they are fully MiFID compliant. They are essentially allowed to operate through the entire EU. They are also authorised and registered with the U.S. National Futures Association (NFA ID: 0486419) and authorised and regulated as a Investment Dealer by the FSC on 06/12/2016.
BDSwiss are mostly known for their Forex and CFD products, but they also offer binary options, indices, commodities and even shares.
Platform-wise, MT4 is definitely the backbone of the brokerage. They have different MT4 versions for their web-based operation, their Windows, Android-based operations as well as for Mac. On top of that, they have a separate platform for binary options, which is also available in different versions for Android.
There’s not much point in discussing every one of the above mentioned MT4 platforms separately, since they offer the same trading tools and trade execution. The same goes for the binary option platform, which is a SpotOption creation.
Still, BDSwiss have added their own touch to both trading platforms. According to their website, they have used their own “advanced technology” to optimize the user interface. MT4 is indeed a proven solution, which delivers all the tools needed not just for the actual trading process, but for analysis as well. Users can create and edit transactions, they can analyze various financial instruments and they can create and use trading bots called Expert Advisors. The platform is highly customizable by retail traders too, so everyone can set his/her own preferred trading environment.
Besides technical analysis, which comes complete with free, pre-programmed tools and multiple charting options, MT4 delivers on the fundamental analysis front as well: it features regularly updated news feeds, available directly in the trading interface. The platform supports multiple languages and it offers daily account statements and real time client account summary.
The BDSwiss website features download links to every one of the MT4 platform versions, as well as detailed guides on how users can install them.
As said above, the binary option platform is a SpotOption creation. The SpotOption trading interface is extremely simple and straightforward. The graphical layout is easy on the eyes and trade execution is lightning-fast – a feature which is extremely important when it comes to actually locking in the right strike price for the binary trade. Several binary option types are supported by the SpotOption platform. They have simple Call/Put trades, Pairs, 60-second options, Long-term options, Ladder options and One Touch options. All these different choices give traders the ability to employ a variety of creative trading strategies.
Mobile apps are available for Android-based devices too, and they carry all the features of the “full” SpotOption platform.
BDSwiss Account Types
A total of three account types are currently featured at BDSwiss, covering the usual range from low-deposit bare bones accounts aimed at beginners to the perked-out high volume accounts designed for serious traders.
BDSwiss Basic takes the bare-bones concept to a new level: it doesn’t even require a minimum deposit. USD, EUR and GBP are all accepted for deposits. The maximum leverage on such accounts is 1:400, and the average spread is 1.3 pips on the EUR/USD, which is very reasonable indeed. The average lot size is 0.01. The advantages of the account are clear, inasmuch as it offers relatively high leverage with small spreads and no minimum deposit requirement.
The next step up the BDSwiss account ladder is the BDSwiss bonus account. The minimum deposit requirement on this one is USD/EUR/GBP 500. The maximum leverage is 1:500, and the average spread on the EUR/USD is 1.5 pips. The minimum lot size is 0.01 in this case too. The main strength of this account-version resides in the 25% bonus that it offers.
The BDSwiss Black account is the biggest one available. The minimum deposit on this one is a massive USD/EUR/GBP 10,000 and it comes with all the perks the brokerage has to offer. The average spread on the EUR/USD for users of this account is just 1 pip. The minimum lot size is 0.1 and the maximum leverage is 1:500. This account type exempts traders from any and all commissions.
The BDSwiss support staff is knowledgeable and quick to help. Most conveniently, they can be contacted through the live chat feature, directly from the BDSwiss homepage. In addition to that, traders can send an email to firstname.lastname@example.org, or they can use the email form supplied on the Contact page of the website. There are quite a few phone numbers available as well. +49 (0)691 75 36 48 10 for Germany, +43 72 0775151 for Austria, +34 91 0602455 for Spain, +47 21 930569 for Norway, +46 81 2410637 for Sweden, +39 02 87368390 for Italy, +44 20 37691426 for the UK and +61 29 0984771 for Australia.
BDSwiss accept a wide range of deposit and withdrawal methods, from clients located all over the world. Their selection of such methods includes VISA, MasterCard, wire transfer, Skrill, Neteller, GiroPay, Sofort and a number of other options. It is worth noting that the brokerage is very flexible in this regard. The minimum deposit through most of these options is EUR 10.
BDSwiss Review Conclusion
BDSwiss are a European market-focused brokerage. Their trading platforms are solid and their incentives for novice traders are excellent. They are indeed quite popular and the community feedback on their service is overwhelmingly positive too.