BDSwiss CFD Trading Platform Review
Known for quickly taking Europe by storm in binary options trading, BD Swiss now offers traders the advantage of both Forex and CFD trading.
CFD stands for contract for difference. The primary difference between binary options and CFDs is the fact that you have no expiry times with CFDs. You can hold them for 1 hour, 10 hours or 3 months; it makes no difference.
Also, CFDs are a leveraged trading instrument meaning you only have to deposit a little to trade a lot.
But do keep in mind that in doing so, you are taking risk. You can make huge profits but you can also lose more than your deposit.
If you are going to trade in CFDs, use wisdom and learn all you can.
BD Swiss is short for Banc De Swiss and is no way related to Banc De Binary. Banc De Swiss is headquartered in Cyprus and is licensed and regulated by CySEC.
About BD Swiss CFDs
Using the popular MetaTrader4 trading platform, BD Swiss offers traders a huge range of CFD and Forex pair assets… Over 130
- 83 Forex pairs
- 23 Indices
- 18 Commodities
- and 7 Stocks
Spreads are kept quite tight going as low as 1.2 pips. Leverage can be as high as 400 to 1. So a person using wise trading practices can profit high with low investment amounts.
BD Swiss CFD Trading History
BD Swiss was founded in 2012 with their primary headquarters in Cyprus. They also opened an office in Germany (Frankfurt).
BD Swiss started first as a binary options broker and immediately gained licensing and regulation by CySEC.
In 2014, BD Swiss added the MetaTrader4 platform so investors could trade in Forex pairs. With great results, BD Swiss soon added CFD (contract for difference) trading in the platform.
There is no cost to join and download the BD Swiss CFD trading platform.
To add to their great reputation, BD Swiss is also licensed and authorized by
The United States National Futures Association
and the FSC
Because of their various licensing, they have become one of the most trusted CFD brokers in Europe.
BD Swiss Withdrawal Terms & Conditions
BD Swiss has an impeccable reputation for being quick and sure with withdrawals. Client funds are kept in separate accounts and when a withdrawal is requested, the BD Swiss financial team starts processing immediately.
But there are some prerequisites before clients can withdraw. BD Swiss abides by all anti-money laundering rules and regulations, so clients must submit documents to meet these requirements. Those include:
- A copy of your government issued photo identification
- A copy of a recent utility bill showing the client’s name and address
- A copy of the credit card used to deposit with all but the last 4 numbers blacked out
As long as you have supplied all these to BD Swiss, your withdrawals will be processed quickly.
What’s more, since BD Swiss is a member of CySEC, your funds are insured up to 20,000 Euros.
BD Swiss CFD Demo Account
It is always a wise idea to get adjusted to the trading system before investing your hard earned money. Many investors use a demo account to do so.
For a long time, BD Swiss did not offer a demo account but I now see that they do offer a demo account for CFD and Forex pair traders.
It is a good idea to develop your trading strategy using the demo account. So sign up with BD Swiss and try it out.
BD Swiss Mobile App Review
People have went mobile. Be it tablets or smartphones, a huge percentage of people are now using mobile applications to handle all their tasks on the internet.
BD Swiss has stayed up to date and developed top notch mobile applications so you can trade CFDs from your tablet or phone. You can get
- MT 4 Web Trader
- MT 4 for Android
- MT 4 for Windows
- MT 4 for IOS
- and MT 4 for MAC
BD Swiss has covered all the mobile trading bases.
BD Swiss Scam Report
The first thing I will tell you is, no broker will go to lengths to seek licensing and regulation if they are running a scam.
I attempted to find negative reviews of BD Swiss and they are few and far between. The majority of bad reviews are from people who were ignorant with their trading methods and are now blaming the broker.
No, BD Swiss is NOT a scam. I actually give this great broker 5 of 5 stars. They have a great system and customer service is wonderful.
I highly recommend BD Swiss for CFD trading.