Banc de Swiss is a young brokerage firm that was founded in early 2012 and specializes in Forex, CFD and Binary Options trading.
BDSwiss is owned by BDSwiss Holding plc and is regulated by the Cyprus Securities and Exchange Commission (CYSEC License No. 199/13).
BDSwiss is registered with the US National Futures Association (NFA) under identification number 0486419. The NFA is one of the strictest financial watchdogs in the industry, but it should be noted that BDSwiss is only registered with the NFA, but not regulated by it.
Trading platform, payouts and assets for binary options
The trading platform is powered by SpotOption. It offers a Pro Trader mode where traders can access a variety of tools and indicators that are available for high performance trading platforms.
Banc de Swiss SpotOption operates on an encrypted connection and is stable, which guarantees the security of trading. Banc de Swiss offers binary options such as Call / Put, One Touch and 60 seconds. In addition to this, the trader can use the Option Builder and the additional Pro Trader platforms.
On deals with One Touch, you can get a yield of up to 600%. However, on average, payments range from 65% to 85%.
Banc de Swiss provides access to commodities, indices, currency pairs and stocks. At the moment, there are 27 stocks, 15 currency pairs, 7 commodities and 20 indices.
MetaTrader4 software is provided and must be downloaded to your device.
An account can be opened in USD, EUR, GBP.
There are two accounts available: BD Swiss Basic and BD Swiss Black. On both, the leverage is 1: 400. On the first, the spreads on the standard EUR / USD pair are 1.3, on the second - 1 pip.
For traders, training materials, fundamental and technical analysis, a glossary, and an "FAQ" section are available, in which clients will find answers to frequently asked questions, such as opening an account, trading instruments, etc. Access to the latest market news is also provided.
Promotions and bonuses
Banc de Swiss provides its clients with various bonuses and promotions. They include special offers, deposit bonus. You will be eligible for bonuses and promotions as soon as you open a trading account with this broker.
Traders can expect a 10% bonus when registering with Blanc de Swiss.
Banc de Swiss has 24/7 multilingual customer support available via live chat, phone, Skype and email.
Ways of payment
BDSwiss accepts major credit cards and bank transfers. Alternative payment systems such as Skrill, Neteller, GiroPay, Soforth, iDeal and EPS are also accepted. The broker does not charge a commission for depositing and withdrawing funds.
regulated broker; Forex and binary options trading is available.
the site is not Russified.
BDSWISS is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker BDSWISS makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. BDSWISS received a score of 1 of 5 on our resource.