On-line since: About the company: Banc de Swiss is a young brokerage firm that was founded in early 2012. The company specializes in providing binary options, forex instruments and CFDs for trading. BDSwiss is owned by BDSwiss Holding plc and regulated by the Cyprus Securities and Exchange Commission CYSEC License No. 199/13. The company is registered with the US National Futures Association (NFA), under ID number 0486419. The NFA is one of the most stringent financial observers in the industry. However, it should be noted that BDSwiss LLC is only registered with the NFA, not regulated by it. Trading platform, payouts and assets BDSwiss uses the latest SpotOption trading platform. It offers the Pro Trader mode where traders can access a variety of tools and indicators that are available to high end expert trading platforms. The Banc de Swiss SpotOption trading platform runs on an encrypted connection. The platform guarantees an extra layer of security. Banc de Swiss offers several binary types like Call/Put, One Touch and 60 Seconds. Moreover, a trader can use the Option Builder and the Pro Trader additional platforms. One Touch trades can bring profits up to 600%. However, the average payout ranges from 85% to 65%. Banc de Swiss gives traders access to commodities, indices, currency pairs and stocks. At the moment, there are 27 stocks, 15 currency pairs, 7 commodities and 20 indices. Forex trading The company provides the MetaTrader 4 software, which can be downloaded to your device. Accounts can be opened in USD, EUR, and GBP. Banc de Swiss offers two account types: BDSwiss Basic and BDSwiss Black. The average spread of the BDSwiss Basic account is 1.3 pips for EUR/USD. As for the BDSwiss Black account, the average spread for EUR/USD is just 1 pip. The leverage for both accounts is 1:400. Education Traders can get a lot of information in the Education section. Here they will find answers to frequently asked questions relating to account opening, trading tools and others. Access to the latest market news is also provided. Banc de Swiss offers different bonuses and promotions to its clients. Some of the available promotions include special seasonal offers and deposit bonuses. Traders can expect a 10% welcome bonus for registering with Blanc de Swiss as new customers. Support service There’s a 24/7 multilingual customer support at Banc de Swiss, which is reachable via live chat, telephone, Skype and e-mail. Payment Methods BDSwiss accepts major credit cards and bank wire transfers. Alternative payment systems such as Skrill, Neteller, GiroPay, Soforth, iDeal and EPS are also accepted. Also, there is no commission on deposits and withdrawals. Advantages:
Disadvantages:
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I prefer BDSwiss for scelping trade. I have invested $560 and after trade gradually profit is $1.6K of just in two months. On last Wednesday I withdraw $500 from my profit through my Bitcoin wallet and they send it to my account within 30 minutes. I say their withdrawal methods is hassle free. I will stick with BDSwiss broker.
I have been live trading with them for 3 months now and I chose this broker to start with. I opened and deposited with $1000 and after a week of trading with them I really regret that I decided to use BD Swiss. For three days now, their trading system is not working. Their customer service however answered my calls and chat in an hour and provided information about their downtime. I am willing to explore benefits but I got disappointed now so I am searching for a new broker. During 3 months of trading with this broker I had from 10 trades 7 lost. The worst part is that the broker is manipulating the prices. I will close my account and search for a different broker.
I'd used them for half a year now, and I'd say I'm happy with the service. Execution is good and its getting better since I first joined them, never had problem with withdrawal and deposits. Very good customer support, even claims and issues posted in forums are being addressed by BDSwiss.
BDSwiss is decent but their fees are just too much. Every trade and basically every action that I make is being charged with ridiculous fees. I had no choice but just to close my account because of this.
They have took my money after about three months by closing my account. I just closed my trading account because their spread got very widen in the last 3 months. They manipulate their trading platform. There are times the spread will be widen like 20 pips to stop out trades. It went up 40 pips once. Once I started profiting with this broker they would freeze the platform as soon as I entered a trade and wouldn't allow me to change stops or close.
I've found a better result on the BDSwiss platforms, As their platform has awesome execution performance and I can customize this platform by an EA. Ea works so well, which brings $400 within a month. Their payment service is satisfying too, I can be withdrawn profit through the Neteller in four hours. So I am happy with BDSwiss broker.
All of my capital only went to the trading fees of BDSwiss. Their spread is floating so it changes a lot and it is unreasonably high. It is almost impossible to make a winning trade because of it. I did not trade for long at this broker. I closed my account at soon as I realized I won't progress at all here.
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