Our Review of BDSwiss
BDSwiss is a classic online broker that provides a platform for trading in various ways. CFD, Binary Options and Forex are all supported on this broker's site, and the site states that traders can expect returns of up to 85%.
Account Types + Opening
It is free to open an account with BDSwiss. There are three account types to choose from here, namely (in ascending order of complexity and advancement): Basic, Bonus and Black. As its name suggests, the Basic account is the one that is best suited for beginners, whilst the Bonus and Black accounts offer benefits such as no commissions or maximum leverage.
Promotions, Sign Up + Deposit Bonuses
The bonuses that you get with BDSwiss will depend, like many features of the site, on the specific type of account that you have opened with them. If you have a Bonus account, for instance, you will be awarded a 25% bonus.
Commissions and Fees
The fees and commissions that you pay with BDSwiss will depend on the type of account that you hold with them. With a Black account, however, there is no associated commission.
Trading Platform Review & Mobile Apps
The BDSwiss trading platform feels somewhat basic, and it is not as rich in information as sites by similar brokers are. However, it is easy to navigate. As yet, BDSwiss has not created a mobile app.
Deposits & Withdrawal Methods + Ease
Minimum deposit amounts vary by account type. Notably, if you have a Basic account with BDSwiss there will be no minimum deposit amount - this is unusual for brokers like this, as usually a broker will stipulate a minimum deposit amount even for their most basic accounts. BDSwiss has faster than average withdrawal times when compared to similar brokers, and it also is responsive to requests for withdrawals to be cancelled after they have been initiated. Withdrawals and deposits can be done by the means that best suits the trader: online accounts such as MoneyBooker and Skrill are accepted and so are bank cards and bank transfers.
Regulators & Safety: Are they a reliable, legitimate broker or a scam?
BDSwiss is a licensed broker. Like many brokers, BDSwiss is licensed and regulated by the large agency known as CySEC. Online information made available by BDSwiss suggests that this company obtained its license from CySEC in 2013.
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