A BDSwiss App Review

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BDSwiss Review

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TABLE OF CONTENTS:

BDSwiss Overview

BDSwiss (official website) offers both Binary Options and spot Forex trading. It is regulated by CySEC (Cyprus Securities and Exchange Commission) under license number 199/13 and is located at Loanni Stylianou 6, 2 nd Floor, Flat/Office 202, 2003-Nicosia, Cyprus.

Figure; BDSwiss CySEC Regulation

Forex

Trading Conditions

BDSwiss offers spot Forex trading on various assets and variable spreads starting from 1.2 pips. It also offers a pricing up to 5 decimal places on the trading platform. Below are more conditions offered by BDSwiss Forex for trading;

  • Assets; Forex, Indices, Commodities and CFDs
  • Maximum leverage; 400:1
  • Execution; Market execution
  • Minimum deposit; none
  • Minimum trade size; 0.01 lot
  • Minimum trade size increment; 0.01 lot
  • Maximum total trade size; 60 lots
  • Maximum open trades; 300

Platforms; Trading Forex on BDSwiss is available on Metatrader 4 Desktop, Metatrader 4 Web and Metatrader 4 mobile applications.

Binary Options

BDSwiss offers up to 6 types of binary options as discussed below;

Binary Options (Classic); these are standard options with an expiration period of 15 minutes to the end of the day.

Pairs; this option involves two assets where the trader has to select which asset will perform better than the other before the expiry time.

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Long term options; these are the classic options but with a longer expiry period ranging from a few days to several months.

60 seconds; these are options with a very short expiration period e.g 60secs, 90secs, 120secs, 180secs, or 300 seconds.

One Touch; Traders of this type of option choose a barrier either below or above the current market price and predict whether the price will touch the level before the expiry time.

Ladder; The trader is given 5 levels at equal distances from each other and is required to predict whether the price will be above or below each of these levels at expiry.

More Features of BDSwiss Binary Options;

Sell; the BDSwiss binary options platform gives you a price that you can sell your option before expiry. This feature is available 15 minutes to expiry time and any time the trade is open for 60 seconds options.

Double up; this similar allows traders to open a similar position to an already opened on in terms of bet size, expiration and instrument.

Rollover; this feature extends your current expiry time to the next available expiry period giving your trade an extra time window to go into the profit territory. This feature can only be activated 15 minutes or more to expiry time. Unlike other binary option brokers; BDSwiss does not charge a fee for this feature, alternatively, it increases the initial investment by 30% e.g. if the initial trade was $25, it will be increased to $32.5 after using this feature with no change in payout….see more about Binary Options Features (Sell, Rollover, Double Up)

Binary Options Trading Platforms

BDSwiss uses the SpotOption binary options web trading platform as well as mobile trading applications for Android and iOS.

Figure; BDSwiss Web Based Binary Options Trading Platform

Features of Binary Options Web Trading Platform;

Pros

  • Candlestick and line charting available
  • Simple and easy to use
  • Web based
  • Trader sentiment meter available
  • Multi-timeframes for charts
  • Open positions can be viewed
  • Transaction history can be viewed

Cons

  • Limited charting area
  • Technical indicators are not available
  • Drawing tools for technical analysis are not available

Binary Options Mobile Application features

Figure; BDSwiss Binary Options Mobile Trading Application

  • 24/7 trading
  • Simple interface
  • Easy to use
  • Synchronization with your BDSwiss account
  • Live chart feeds
  • Available in multiple languages

Deposits and Withdrawals

BDSwiss accepth these payment systems: Bank Transfer, Credit Cards, Skrill, Neteller, Giropay, Sofort, iDeal, eps

Education

BDSwiss offers regular live seminars, online webinars for all level traders, and daily market analysis. It also has the BDSwiss traders’ blog which has numerous educative articles and news.

Awards; “Most Reliable Broker for 2020”, by FX Empire on February 2020.

BDSwiss – Pros and Cons

Pros

  • Both Binary options and spot Forex trading are available
  • Desktop, web, and mobile MT4 platforms for Forex trading
  • Multiple assets for both binary options and Forex trading
  • Up to 6 binary options types
  • High payouts for One Touch binary options
  • Regulated broker
  • Multiple payment methods
  • Multi-lingual support

Cons

  • Only one account type is available
  • No desktop platform for binary options trading
  • No running bonuses, promotions or tournaments

Customer Support

BDSwiss Support available via:

  • “Contact-us” web form,
  • Phones
    • Germany:+49 (0)691 75 36 48 10
    • Austria:+43 72 0775151
    • Spain:+34 91 0602455
    • Norway:+47 21 930569
    • Sweden:+46 81 2410637
    • Denmark:+45 78 755991
    • Italy:+39 02 87368390
    • Poland:+48 22 1284958
    • Greece:+30 21 12340029
    • Slovenia:+38 62 7074116
    • France:+33 17 8900647
    • Finland:+358 93 1583202
    • South Korea:+82 70 47326757
    • United Kingdom:+44 20 37691426
    • Australia:+61 29 0984771
    • Switzerland:+41 43 5500220
  • LiveChat
  • emails: Support [email protected] Marketing [email protected] Investor Relations [email protected]

Conclusion

BDSwiss is a regulated broker offering both Binary Options and Forex trading. Trading on these two types of financial instrument on BDSwiss is offered on two different trading platforms; Metatrader 4 for Forex trading and SpotOption web based platform and mobile app for Binary Options. BDSwiss has more flexible trading conditions for Binary Options than those it has for Forex trading.

Traders, What you think about “BDSwiss ” ?

Your opinion is VERY important to us. Please write your review/feedback (use tab “Comments” in top of the page)

BDSwiss Review: Bdswiss.com Another Forex Scam

BDSwiss Review: Bdswiss.com Another Forex Scam

3 Comments

Last Updated: Jan 29, 2020 @ 1:43 pm

BDSwiss (Bdswiss.com) is an awful CFDs, Crypto Currency, and Forex brokerage firm out to cause havoc. BD Swiss is claiming to offer over 250+ commodities, Crypto Currencies, Forex, indices, and shares. After receiving few touching emails by members who lost funds with this broker, we decided to investigate. And this is what made us come to a conclusion BD SWISS is a scam. Read this honest BDSWISS review for more.

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BDSwiss Review:

Once you read the compelling emails, you will be sad such brokers exist in the market. Brokers whose sole aim is to steal funds from unsuspecting online investors should be exposed. Why has this broker been stealing funds from online investors? Most investors don’t have a clue what they are signing up for. And this is why every investor should always do a thorough research before opening accounts with brokers. Reading reviews is one way of knowing what to expect with a certain broker.

After landing on their homepage, we can see why newbie investors have fallen for this scam. BDSwiss is having a great website which is well designed. And this is what BDSwiss is after, to get your utmost attention. With such a platform, most investors think the broker is legit. Thanks to years of professional trading, we know how to spot scams from a mile away. And BDSwiss is no different. These scam artists have used the same bag of tricks used in other online Forex scams.

About BDSwiss

Can you deposit money to an unknown third party? Most investors who open an account with this platform are depositing funds to an anonymous entity. Disclaimer at the footer of the homepage claims this broker is operated by BDS Markets Ltd. How can this be the case when registrar of companies shows no results of this company? And this is enough proof we are dealing with a broker who is totally anonymous. They have simply posted a fake company’s name which is non-existent.

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What about the names of the founding members of this brokerage firm? There has to be a few people who gathered and created this platform. How about the name of the CEO or CFO of their mother company? A good reason why these names are missing is because scammers don’t want to be known. They are operating a false brokerage firm under pretense. There’s more to this website than what meets the eye. Stay away from any anonymous broker or online investment firm.

BDSwiss License and Registration

After checking their disclaimer, one can easily see a license number posted there. Scammers will do or say anything to make their platform or services appear legit. And this is what BDSwiss is trying to do by posting a random number. Disclaimer shows their licensing number to be C116016172. And this is what must be checked properly with the concerned regulatory authorities. As it turns out, there’s no broker licensed under this number. What does this mean?

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BD Swiss should show members their license certificates and documents to prove authenticity. There’s a good chance this will never be the case. How can a broker such as BDSwiss who claims to be internationally recognized fail to have licensing documents? Simple reason is because they don’t have any valid credentials. BDSwiss is operating a trading platform without being properly regulated. Opening an account with such a broker is risky and could prove lethal.

MT4 and MT5 Trading Platforms

After checking their licensing, the next step was to check how their platform works. These scammers are using two types of trading platforms. MT4 and MT5 trading platforms are their preferred tools of trade. And this makes trading with such a broker interesting if only the platforms were secure and stable. To know how well a platform works, it has to be compatible with all devices.

What we found out was expected as this broker does not have the pedigree to have two platforms. Both their platforms proved to be unsafe after a series of set up misfortunes. Download could stall at any given time and this means we are dealing with an unstable platform. Hackers find unstable platforms to be easy targets for data theft. In most cases, these hackers will try to steal your identity or worse, credit card details. Stay away from this broker for good.

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Account Funding

Depositing fund with this broker is easy and fast, as expected. These depository channels include MasterCard, Neteller, Skrill, Visa, among others. Don’t deposit funds simply because the channels are easy to find. Scammers want every investor to have an easy time depositing cash. There’s more to why investors should not deposit funds.

Withdrawing funds with this broker is what makes it a huge problem. Some members have gone for months now trying to make their first withdrawals. As it turns out, this broker is refusing members to make withdrawals. What they do is close your account with the funds being available. Trying to make contact is futile as the account managers will block your contact details. Make sure not to open an account with this broker or any other who shares the same characteristics.

Are Funds Safe with BDSwiss?

How can funds be safe from a broker who is anonymous and unregistered? Making deposits to an unlicensed broker is wrong and a risky affair. Their website is not SSL Encrypted which means they are not going to protect funds as expected. How do their handle funds deposited by members? Where do they bank money deposited by investors? Is it possible investors are depositing funds straight to owner’s personal bank account? Stay away from this broker to avoid any losses.

When it comes to segregation of accounts, this is not being followed. What this means is BDSwiss is pooling funds to one single account. All assets are being stored in a single account which is extremely dangerous. Stay away from any broker who fails to safeguard funds. Instead, why not sign up with leading and trusted Forex brokers? Start the success journey with industry recommended Forex brokers.

Is BDSwiss a Scam?

After checking all the moving parts of this website, we are sure BDSwiss is a scam. To stay safe, ignore all their pleas to sign up. Promotional materials such as videos and links should be ignored. Hackers are using these links to gain access to your data. Mark all their emails as Spam and warn your family and friends from joining this broker. Stay safe at all times by using recommended Forex trading tools and brokers.

Final Verdict

What should be done is adding this broker to our scam blacklist. After making sure this broker is exposed, authorities are asked to investigate and shut this website down. Time to make the right decision is now. Stay away from brokers who lack proper licensing credentials and simply want you to deposit with them.

Lastly, we wish you all the best in your Forex trading experience.

BDSwiss

Since its inception in 2020, BDSwiss has stormed the online trading scene with its carefully curated mix of products and services designed with a range of clientele in mind. The evidence of its popularity is clear, with over a million registered accounts catering to clients across 173 countries and more than 10.2 million client transactions processed annually. BDSwiss goes the extra mile by hosting ample educational resources, providing up-to-date market research, and supplying exemplary customer support.

Beyond support, educational resources, and regularly posted analysis, BDSwiss supports the advanced tools desired by both professional traders and institutional clients. Additionally, the inclusion of services like Autochartist, professional fund management solutions, real-time alerts, and VPS connectivity ensures that all its clients come to market armed with all the right resources. From raw variable spreads that can start as low as 0.0 pips to institutional grade liquidity and rapid execution, traders of all levels will be able to enjoy and appreciate the exceptional value that BDSwiss delivers.

Thanks to an exceptionally well-rounded platform that focuses on supplying superior execution and competitive pricing, all manner of investors will be able to find value across BDSwiss’ offerings. Experienced traders can appreciate familiar tools like MetaTrader 4 and MetaTrader 5 along with straight-through processing execution and regularly updated market news.

Newcomers seeking more experience are also welcome to the platform thanks to demo accounts, low starting deposit amounts, extensive educational courses available through the Trading Academy and even daily webinars designed to keep traders informed of daily changes in market conditions. Furthermore, the BDSwiss Wealth Management Program available under the FSC license is an accessible way for investors who prefer a more hands-off approach to fund management to access professional traders. Additionally, professionals with a well-honed and proven strategy can join the program as fund managers, adding to the program’s appeal.

  • Award Winning Trading Conditions: Between extremely narrow starting spreads to institutional grade liquidity and robust tools, BDSwiss provides excellent conditions. The broker has been recognized for its excellent offerings by World Finance, which presented BDSwiss with the Best Trading Conditions award for 2020.
  • Institutional Grade Liquidity: BDSwiss endeavors to provide traders with the very best possible trading ecosystem, which extends to its exceptional liquidity strategy. Traders are invited to access ultra-low spreads, stunningly fast execution, and deep liquidity from top-tier providers for all assets available through the platform.
  • Wealth Management Tools: Professionals who wish to manage funds and investors covered under the FSC license who wish to have their funds professionally managed can all benefit from the BDSwiss Wealth Management Program. The tool connects Fund Managers and investors to provide fund management services that are defined by their transparency.
  • Live Market Coverage: Keeping traders informed is one of BDSwiss’s best features, with significant effort devoted to providing live market analysis through daily webinars, real-time trading sessions during key events as they unfold, and daily trading alerts.
  • Complimentary Analysis Tools: BDSwiss clients gain access to a treasure trove of resources, including complimentary analysis tools like Autochartist, correlating signals, VIP trading alerts, and exclusive webinars. In addition, educational materials that include video courses ranging from beginner topics to advanced subjects round out a well-designed investor ecosystem.

Features

Basic Account

Raw Spread Account

Black Account

Account Currencies

EUR, USD, GBP, PLN, CHF

EUR, USD, GBP, PLN, CHF

EUR, USD, GBP, PLN, CHF

Available Leverage

Minimum Deposit

Speak to an Account Manager

Speak to an Account Manager

Starting Spreads

Commission Per Trade

$0 for Forex, Cryptos, Commodities

$2 per lot for Indices

0.15% per trade for Shares

$0 for Forex, Cryptos, Commodities

$2 per lot for Indices

0.15% per trade for Shares

Decimal Pricing

Up to 5 decimals

Up to 5 decimals

Up to 5 decimals

Swaps/Rollovers

Trading Instruments

Min. Lot Size Per Trade

Max Lot Size Per Trade

Demo Account

Swap/Rollover Free

Copy Trading Support

*depending on client type and jurisdiction

Delivering award-winning services to clients from 173 countries begins with the robust compliance process BDSwiss has put in place. The evidence is clear right from the registration phase thanks to a verification process that includes the normal proof of identity and proof of address documentation before registrants complete an appropriateness test and economic profile to determine suitability. Apart from complying with strict anti-money laundering rules, BDSwiss Holding PLC is also a member of the Financial Commission, which entitles clients to up to EUR 20,000 in compensation through the Investor Compensation Fund if disputes lodged are mediated in their favor.

In addition to its compliance practices and investor protections, BDSwiss is regulated by the Cyprus Securities and Exchange Commission, the Mauritius Financial Services Commission, and registered with the United States National Futures Association. Although US clients are still not eligible to join the platform, the latter regulatory license could pave the way for US clients to join this online trading platform in the future. All client funds are kept separate from BDSwiss’ operational funds in segregated accounts, adding an extra layer of security. Ultimately, BDSwiss regulatory licensing assures clients that they are trading in a safe and reliable ecosystem that protects their interests.

Unlike other brokers with a large array of account types with different features, BDSwiss takes a very straightforward approach to its offerings. Although clients interested in depositing funds for a Raw Spread Account or Black Account must speak with a representative about minimum deposits, the Basic Account is still a very competitive offering thanks to a minimum starting deposit of $200 and variable spreads that start as low as 1.7 pips.

One area that sets BDSwiss apart from the competition is its subscription model for Raw Spread accounts. There are three tiers of Raw Spread account types including Raw Trial, Raw Grow, and Raw Pro, which depend on monthly trading volume. For monthly USD trading volume up to $50,000, the subscription costs approximately EUR 1 per month, with the next option of up to $1,000,000 in trading volume per month costing EUR 29 per month. The final option, Raw Pro, which is for volume up to $3,000,000 per month, is available for a monthly subscription fee of EUR 79 and includes a free VPS in the package along with historical tick data.

The Basic and Black account types do encounter commissions for trading in indices and shares, but at $2 per lot (indices) and 0.15% per trade (shares), these fees are very affordable. Raw Spread Accounts do not have any accompanying commissions, but the range of assets available for trade is also more limited. All accounts are exposed to swap and rollover, although there is one exception. Shariah-compliant Islamic accounts, which are only compatible with the Black Account type, are excluded from swap and rollover requirements.

Deposits to client accounts incur no charges from BDSwiss, and withdrawals are processed exceptionally fast, with the company touting average withdrawal times of 5 hours. Although there are no fees for withdrawals to credit cards, other withdrawal methods like bank wire transfers may incur fees of EUR 10 for withdrawals below EUR 100. For accounts which have been inactive for more than 90 days, a fee ranging between EUR 25.00 to EUR 49.90 will be assessed each month depending on the balance until the balance reaches zero.

To provide clients with the very best trading conditions available, BDSwiss focuses intently on delivering quality execution through a combination of excellent liquidity supplied by top tier providers and reliable technology. Apart from offering clients market access through MetaTrader 4, which is known for its uptime, connectivity, and overall reliability, BDSwiss clients also can use MetaTrader 5 in conjunction with Basic and Black accounts. Raw Spread account holders that meet trade turnover between $1,000,0001-3,000,000 monthly are also entitled to complimentary Virtual Private Servers designed to deliver the best trade execution conditions possible.

For both experienced investors and newcomers, BDSwiss provides all the tools and applications needed to access the market and trade without barriers. In addition, the proprietary WebTrader and Mobile app developed by BDSwiss support outstanding functionality and connectivity, ensuring that clients can remain connected from any location. If clients encounter any issues or have any inquiries related to BDSwiss services, they have multiple ways to reach customer support representatives 24 hours a day, 5 days a week. Company representatives are available via phone, live chat, email, WhatsApp and even Telegram, ensuring that no matter the preferred platform, support is always readily accessible in more than 20 languages. For clients comfortable finding their own answers to common questions, the FAQ section of the website covers major topics from registration all the way to trading.

The client-centric focus of BDSwiss is the basis for its exceptional service, and others have taken notice. Apart from being the recipient of the Best Trading App award for 2020 and 2020 from Mobile Star Awards, BDSwiss was named the winner of the Best Trading Conditions 2020 award by World Finance. After signing up for the first time, users are sent a code to their mobile to verify their registration. From there, the client portal is opened with all the available features. Users can visit the portal to check the status of their accounts, deposit or withdraw funds, change address, and even create new accounts. The company touts its fast withdraws, citing an average of 5 hours for processing after client requests have been made.

The user journey through the platform is designed to be simple and intuitive, yet still feature-rich and highly functional to serve the needs of more experienced traders. Aside from being able to access the proprietary WebTrader platform directly from the client portal, the mobile application can be used to manage every account activity from the convenience of a mobile device, all without sacrificing functionality. Everything from the compliance and verification processes all the way through deposits and trading can be handled from the clear-cut and effortless interface.

The award-winning BDSwiss trading platform lives up to its reputation as a feature-rich online ecosystem that presents both newcomers and experienced investors with excellent trading conditions. Between its own proprietary WebTrader and mobile application to the daily webinars hosted by the company’s analysts, BDSwiss presents clients with many value-added tools and services designed to perfectly complement their trading experience. Any level of trader can find a suitable account type to match their unique trading needs, including those who prefer to have their funds passively managed, or those who have professional experience they wish to share.

The inclusion of low spreads and first-rate liquidity ensures that trade execution is always seamless. Additionally, if clients encounter any difficulties, the especially accommodating and knowledgeable support team is available in over 20 languages across many convenient communication channels. Between these characteristics and the added protections afforded by regulation in multiple jurisdictions and insurance of up to EUR 20,000 for BDSwiss Holding customers for every client account, traders of any skill level or degree of expertise can gain easy access to a range of asset classes and tools, all of which are designed to deliver a superior trading experience.

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Company info:
Name BDSwiss
Website bdswiss.com
Foundation Year 2020
Trading conditions:
Min. Deposit 100 $
Payouts 85 %
Trading Assets Currencies (Forex), Indices, Stocks, Commodities
Option Types High/Low Options, One Touch Options, 60 Second Options
Payment Methods:
Credit Card, Wire transfer, Neteller
Other Features:
Accept US traders
Affiliate program
ProfitF BONUS: