Founded in 2012, BDSwiss (Banc De Swiss) is based in Cyprus (not Switzerland) and regulated by CySec. It is thus one of the binary option brokers based and regulated within the European Union.
Is BDSwiss suitable for micro traders?
Yes, you do not need deep pockets to start trading with BDSwiss. The minimum deposit is just £10 and the minimum trade is £1.
The maximum trade size is £500.
Binary option types
BDSwiss offers what you expect from a comprehensive binary option broker. All the standard binary option types are here, while those looking for something really exotic will have to look elsewhere
High/Low. The basic type of binary option. Will the price of the asset be higher or lower at the expiry moment?
Short term. This is a subcategory for High/Low binary options, where the selected timeframe can be very short, down to a mere 60 seconds.
Long term. This is a subcategory for High/Low binary options, where the selected timeframe can be long, erg a week.
Pair Trading. With this type of binary option, you will be trading two assets against each other for better or worse.
One Touch. You select a timeframe and a price point, and get paid if the asset price reaches this price at any time while the option is valid. The opposite is No Touch, where you get paid if the asset price never reaches the price point.
Ladder. A bit similar to One Touch, since it is about whether or not the asset will reach a pre-set value within the set time. Bigger value movements tend to give a bigger payout.
The BDSwiss trading platform for binary options
BDSwiss have a separate platform available for binary options, and it is called SpotOption.
It is web browser based, and not available for download.
The platform is pretty basic, but does include some tools for charting / technical analysis. Chose between line or candlestick charts, and set the timeframe from 1 minute to 1 month. Examples of available indicators are moving average, RSI, bollinger band, fibonacci retracements, MACD, and ATR.
BDSwiss offers a free demo account. Open a demo account and use it to see if you like what DBSwiss has to offer, without risking any real money. You do not need to make a first deposit to open a demo account.
A mobile app is available for mobile touch-screen devices.
Signal service can be used for binary options trading at the BDSwiss platform.
BDSwiss is known for their high-quality customer service.
Customer service is available through phone, email and live chat.
Live chat is available in English, German and Italian. Regrettably, the live chat does not become available until you have signed up. (No deposit required.) This is bad, since it makes it impossible to use the live chat to ask questions prior to sign up, or get help with the sign up process.
Telephone support is available in 13 different languages.
Deposits and withdrawals
You can use major credit cards and wire transfer for deposits and withdrawals. Skrill, Neteller, Soforth, iDeal, GiroPay, and EPS are also accepted.
Smallest possible deposit is £10.