BDSwiss is a licensed binary options and forex broker with a favourable reputation in the binary options market. In their 2018 review of the broker, expert traders have awarded BDSwiss an overall rating of 4.3stars. The review considers categories including Accounts, Trades, Bonuses, Mobile, Banking, Features and Support, with BDSwiss’s scores ranging from 4.0-4.9 stars.
BDSwiss focuses mainly on EU traders and is popular across Europe in countries such as Sweden, Italy, Greece, Spain and Switzerland. They are based in Cyprus, with premises in Germany and their website is available in a multitude of different languages to cater to European traders. Due to the amount of regulation, BDSwiss join many other platforms by not offering their services in the US.
Experts have awarded BDSwiss’s Trade Types and Payouts 4.1 stars, noting maximum payouts of between 68-85% and the option to invest as little as $5 minimum trade. Even when the trade is unfavourable, there is a minimal payout, meaning traders do not lose everything.
Mobile Trading is another area of strength for BDSwiss, achieving 4.3 stars, with a mobile app available for Android and iOS devices which facilitates trading on the go. With a 4.0-star rating for Deposits and Withdrawals, these can be made via credit or debit card, bank wire transfer, or numerous other methods.
Whilst it is stated that BDSwiss do not offer any standout features, their 4.9-starrating is based on the strength and reliability of their trading platform and mobile experience, along with generous periodic bonuses. BDSwiss also offers excellent choice, with a multitude of assets to trade on, including stocks, currencies, indices and commodities.
Customer Support is also praised, with 4.2 stars being awarded for their 24/7 support which is available via telephone, email and live support. An education centre also provides a valuable resource for new and inexperienced traders to develop their skills.
Within the 4.4 star rating of Account Types, it is noted that BDSwiss do not offer a demo account, preventing the opportunity to practice on the platform. However, this is not of considerable concern, as their SpotOption trading platform is widely regarded as a reputable platform. BDSwiss only offer one account option. With a $100 deposit, traders can commence trading regardless of their experience or the amount of money they are trading with, making this an accessible platform for traders of all levels.
Bonuses are a potential drawback for BDSwiss, having been awarded 4.0 stars. BDSwiss do not offer bonuses and instead are reliant on their reputation and the credibility and reliability of their platform. New licencing and legal rules have meant that any previously offered bonuses are no longer able to be offered.
The Final Word
Overall, expert traders regard BDSwiss as one of the top binary options brokers serving Europe who are registered and licensed in Cyprus. CySEC regulation aids BDSwiss’s credibility, whilst their SpotOption trading platform and mobile capabilities are praised for their reliability and ease of use.