BDSwiss, a regulated broker, is one of the new additions to binary options market and is now also available to all interested South African traders.
It is owned by BDSwiss Holding Plc.
With this broker, traders are provided with versatility and may trade, aside from binary options, CFDs and Forex.
For this reason, we have decided to present South African traders BDSwiss broker review in which we shall try to depict and outline all the relevant information.
BDSwiss General Information
BDSwiss is a regulated broker, which is one of the first things we found out as we started researching this interesting brokerage for our BDSwiss broker review.
BDSwiss minimum deposit is set at $2oo which is seen as an industry average. As far as minimum sum per single trade is concerned that it set at $1, while the maximum investment per trade is set $1500.
Interested South African traders may use EUR, GBP and USD. With this broker possible payout could go up to 85%.
Tip: Consider IQ Option instead – the best regulated broker for South African traders with a minimum deposit of only $10!
BDSwiss Trading Platform and Features
As one of the best-known trading software in binary options industry, SpotOption is the choice for BDSwiss trading platform.
In doing so, this broker has provided their traders with a unique, modern platform which is also user-friendly and well-organized.
Our research for BDSwiss broker review meant that we took a look at their trading options and we were pleasantly surprised to find there is a fine variety of options:
- 60 Seconds
- Ladder Options
- One Touch
- Long Term
South African traders also have the opportunity to select a fine range of expiry times, depending on their preferred trading option, and which may be as short as 60 seconds to those which stretch up to a few weeks.
A truly diverse list of underlying assets is available to traders and, aside from FX, assets are sorted into four categories of commodities, stocks, indices and currencies.
All details pertaining to assets can be found in Asset List which can be found in Binary Tab under More Information.
Further in our BDSwiss review we also found they provide their registered traders with helpful and possibly profitable trading features.
We have discovered that aside from the time-saving mobile trading app, they also offer Rollover and Double Up features as well.
BDSwiss mobile trading app is a fantastic tool which saves valuable time as it provides traders with the opportunity to trade from virtually any location as well as to seize upon any potentially profitable trading opportunity.
Another great news is that they have made their trading app compatible with Android and iPhone devices and the app may be downloaded from both Google Play and App Store.
On the mobile traders have a customised chart alongside with various trading indicators and, naturally, real-time trading.
As already pointed in our BDSwiss broker review, two more features are also available which may prove to be highly efficient when it comes to making a profit.
With a Double Up feature traders may duplicate the trade if they have judged it to move in the desired direction. With the Rollover feature, South African traders can control the risk to some degree as they can extend the expiry time if their trade is not going in the desired direction.
For the time being, this broker does not offer a demo account which we hope they will introduce on their platform as this is one of the most beneficial features especially for new traders who lack experience.
BDSwiss trading platform is truly multilingual and available languages, aside from English, include German, Italian, Spanish, French, Danish, Norwegian, Korean, Norwegian and Polish.
BDSwiss Customer Support Service
As we are aware just how important it is for the broker to offer reliable customer support service to their traders, we have also tested their customer support service as part of our BDSwiss broker review.
BDSwiss agents responded in a matter of minutes and have answered all our questions in a respectful and professional manner.
So, aside from the live chat option of communication, traders can also use an email communication ([email protected]), web form which is given in the Contact section.
Lastly, for those traders which prefer the phone option, there are sixteen phone numbers provided and customer support is on hand 24/7.
Also, we advise all interested South African traders to take a little bit of time to study the Education section which is full of great courses and live webinars which can be a brilliant helping hand on their way to achieving viable profits.
In the tab titled Analysis, South African traders can find several interesting sections with Trader’s Journal being one of those.
There, they can benefit from studying and following latest news pertaining to the market as well as useful articles which cover subjects from assets to tips and tricks for successful trades.
Also, before reaching out to customer support, traders may want to check out the FAQ section which provides answers to most commonly asked questions which could also save them time.
BDSwiss Banking Information
As a regulated broker, BDSwiss makes certain that all data exchanged on their trading platform is kept safe via SSL encryption technology.
Prior to requesting withdrawal traders are advised to submit documents which include a copy of the photo ID, copy of credit card and proof of address, which are simple but effective precaution measures against fraud, money laundering or identity theft.
When it comes to payment methods, South African traders may use the following:
- E-wallets: Sofort, GiroPay, Paysafe and Ukash
- Wire transfer
- Credit Card: Maestro
While BDSwiss hasn’t got a minimum amount set when it comes to withdrawals, traders should keep in mind that any withdrawal under $100 will be charged $25.
Traders may expect to wait between two to seven days to receive their funds once their withdrawal has been processed.
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