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Tons of Forex brokers provide different financial products such as binary options trading and spread betting along with their traditional FX products, but in the case of BDSwiss, it is the other way around.
BDSwiss concentrates its efforts on advertising itself as a premium binary options broker that also indulges in FX and CFD trading through its market maker model. In fact, BDSwiss has no affiliation with any Swiss agencies, neither has the company incorporated any branch establishments in Switzerland. BDSwiss is a binding member of the Investor Compensation Fund ICF under the new CySEC rules, which aims to compensate investors if a regulated company fails to meet its debt obligations due to insolvency or abrupt bankruptcy.
Brokers specifically choose Cyprus as a Forex broker destination due to its lenient tax structure, ease of doing business, comparatively lower regulatory guidelines, and the aforementioned strategic location in Europe. Regardless, investors do enjoy a significant amount of security and safety while dealing with CySEC regulated brokers, mainly due to the strict regulatory supervision of the MiFID. BDSwiss offers different platforms and account options that are individually tailored for binary options trading and Forex trading.
The BDSwiss spreads start from 1. The spreads are not overly expensive, but we have seen a few brokers that offer ultra-tight spreads on their normal market maker accounts, which can be less than 1 pip during most market conditions. The broker has stuck with the MT4 terminal as the primary BDSwiss trading platform, which is not a bad idea, considering that MT4 is indeed the most widely adopted trading platforms for most retail traders.
Binary options traders are also offered a dedicated binary options trading platform, which requires a different trading account under modified sets of trading conditions. Forex and CFD trading should not be confused with binary options trading, especially since binary options involve betting on the direction of an asset and gaining or losing a fixed amount of money per trade. Forex and CFD trading is more akin to the conventional forms of investments, and the profit and loss potential are dependent on the size of investment and the magnitude of movement of an asset.
The BDSwiss apps are also specifically designed for trading on the go, which is supported on most iOS and Android smartphones and tablets. BDSwiss is primarily a binary options broker and it is common among such types of brokers to offer a lot of free information on the markets through educational resources, free technical analysis, and even free trading signals.
BDSwiss has made it their policy to offer their educational materials for all account holders, regardless of whether they opt for the traditional FX and CFD trading account or the more vibrant binary options trading account. Binary Options brokers are more committed to offering an excellent graphical interface to ensure that the traders are at ease while investing in the markets. The company has also made sure to include all types of innovative financial products and markets so as to provide the latest financial products according to the general market consensus.
The broker does not mention about any BDSwiss bonus, but it is possible to receive some reward for your initial deposits, especially since other competing binary options brokers are known to offer huge incentives for signing up. You should contact the customer service department for exact information on the available bonuses and promotions. The broker is regulated by the CySEC, which should provide a good amount of reassurance regarding the reliability of the broker.
Nevertheless, there are far better options in the market that offer excellent trading conditions at a fraction of the cost. Spyrou Kyprianou 23 Limassol Cyprus.