With minimum deposit of $100, BDSwiss seems as excellent choice to trade binary options in South Africa.
BDSwiss broker falls into category of regulated and secure binary options brokers, by our opinion, who operate on global financial market, including South Africa. Company behind this brand name is BDSwiss Holding Plc.
Their ultimate goal is to provide top notch services and assist traders to expand and improve trading knowledge. On this platform, traders in South Africa have option to invest in binary options, CFDs and forex.
Read further our BDSwiss broker review and find out more about this regulated platform and features which might lead to high profits.
BDSwiss General Information
According to our BDSwiss broker review, this broker is regulated one. Regulatory status shows how traders are safe when trading with BDSwiss broker since their business is in accordance with laws .
Minimum deposit needed to begin trading is $250 and payouts go up to 85%. Lowest possible investment is $5 and highest investment is $1500. Also, accepted currencies are USD, EUR and GBP.
Trading Software & Assets
BDSwiss Trading Platform and Features
Our BDSwiss broker review revealed how their chosen software is SpotOption provider, a leader in binary options industry. This platform is advanced and simple to use, which should simplify traders’ experience when navigating over this site.
Below, we will provide more details about trading instruments and services which South African traders can use to have a profitable trading journey.
With this SpotOption software, traders are introduced to customized features, which is especially visible in Trade Now area of this platform. So depending on a number of trades that are executed at once, traders in South Africa are able to adjust trading window to show either one, list of multiple window rows for better experience while trading.
For this BDSwiss broker review, we discovered how available trade options on BDSwiss platform are: 60 Seconds, One Touch, Ladder Options, Pairs and Long-Term options. We also found out how this broker offers a selection of underlying assets, to be more specific, 15 currency pairs, 27 stocks, 20 indices and 7 commodities. Full list can be seen under Asset Index tab.
As addition for all interested traders, BDSwiss broker presents excellent two new features: Rollover and Double Up.
With Rollover, traders are able to expand expiry time of a chosen trade if they will trade will expiry and it won’t be in their favour. This comes as great tool since it minimize risk exposure and potential money loss. With related feature, Double Up, South Africans can double their trade if they feel they are going in the right direction. The second trade can needs to be under the same trade conditions as the previous trade.
Another popular feature we noticed in BDSwiss broker review is mobile app, which is applicable on not just computers, but also tablets and smartphones. This app is available on App Store and Google Play, meaning how South Africans can now trade binary options on the go and from any place.
This is especially significant to busy traders who prefer having access to mobile platform and not to sit in front of their computers to be able to invest in binary options. Navigating over BDSwiss app is easy and straightforward experience.
Some of available mobile app characteristics are: customized chart, a selection of different trading indicators on disposal, real time trading and many more other features.
Unfortunately, our BDSwiss broker review showed us how demo account is not available on their platform yet. We find demo to be useful tool, especially for beginners of binary trading since it enables them to practice trading at no risk.
BDSwiss Customer Support Service
We were pretty surprised to learn how this broker offers an extraordinary customer support to all interested South African traders. Our BDSwiss broker review showed us how traders in South Africa can reach this broker via email [email protected], live chat, web form and phone for several countries.
Phone is available for 16 countries, across the world. Also, BDSwiss prepared an excellent and detailed web form application. South Africans are required to submit their name, email address, phone, choose a question from listed ones and type a message. Questions can concern about how to deposit, my account, how to register, tech issues and complaints if any.
We tried live chat and lady was responsive and joined chat quickly. She provided us with needed answers regarding our questions and we we find this to be very useful. Also, BDSwiss broker review revealed how their support service is available 24/7.
It is however, important to note how this broker prepared absolutely fantastic Education to all interested South African traders. Under Education tab on the platform, South Africans can search for courses on different trading topics:
- Four Assets
- Trading in General
- Technical Analysis
- Fundamental Analysis
- Psychological Analysis
- Strategy Development
Also, traders can get more details about how to trade under Traders’ Handbook, Journal and live webinars. FAQ is also available on BDSwiss platform where traders in South Africa can expand their trading knowledge by looking for info regarding payments, how to register and what features to use in the trading process.
Under Binary – more information, a selection of edu materials is on traders’ disposal such as How to Trade and detailed info regarding trading hours and Asset list.
As addition, we want to emphasize how platform is multilingual and available on following languages: English, German, Spanish, Italian, French, Danish, Norwegian, Korean, Norwegian and Polish.
BDSwiss Banking Info
This broker pays a great attention into ensuring their platform with high safety standards for South African traders with option to have a successful trading journey. They use SSL encryption technology, which actually encrypts traders’ data (personal and financial).
In this last part of BDSwiss broker review, we will provide with a list of available deposit methods. South African traders can invest in binary options via Maestro card, wire transfer and e wallets (Sofort, PaySafe card, Ukash and GiroPay).
Our BDSwiss broker review provided us with info how there are no maximum deposit or withdrawal limits and also, there is no minimum withdrawal. For withdrawals less than $100, fee of $25 will be charged.
Before making any payments, traders are requested to provide BDSwiss with proof of residence and copy of ID card to confirm identity. Both depositing and simple and straightforward, which is valuable info for both pro traders and beginners.
To get their funds, traders need to submit a withdrawal request which will soon be processed by BDSwiss broker, where funds will be on traders’ account between 2-7 business days.