Banc De Swiss Review

Banc De Swiss
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Overview

Banc De Swiss Review Banc De Swiss is a binary options broker that is focused primarily on the German speaking market. Their trading platform and website is available in five… more

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Details

Broker Banc De Swiss
Website URL www.bdswiss.com
Founded 2012
Headquarters Cyprus
Support Number +43 720884101
Support Types Fax: +43 720884102, support@bancdeswiss.com
Languages English, German, Italian, Norwegian, Swedish, Danish
Trading Platform SpotOption
Minimum 1st Deposit 100$\€
Bonus Bonus for First Deposit
Payout 89%
Free Demo Account No
Deposit Methods Credit Cards, MoneyBookers, Wire Transfer, Western Union
Withdrawal Methods Credit Cards, MoneyBookers, Wire Transfer, Western Union
Types of Assets Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, ETFs
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.6

Screenshots

Screenshot 1 Screenshot 2

Pros

  • High Returns on Investments
  • Intuitive Trading Platform
  • Low fees ($25) on withdrawal below $500
  • Low Minimum Deposit Requirement (€/$100)
  • Low Minimum Trade Size of €/$5 on 60 Seconds trade (€/$20 on other types of trades)
  • Responsive Customer Service
  • Wide asset list

Cons

  • Bonuses tied to restrictive terms and conditions
  • Have a minimum withdrawal amount requirement of €/$100
  • Limited choices of Assets on the U.S financial markets

Full Review

Banc De Swiss Review
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Banc De Swiss Review

Banc De Swiss is a binary options broker that is focused primarily on the German speaking market. Their trading platform and website is available in five (5) major European languages. The trading platform is managed and owned by Keplero Holdings Ltd which has been in business since 2011. Despite the fact that they are a relatively new operation, their growth has been exponential. No doubt this incredible growth has a lot to do with the focus and emphasis that they give to their clients.

Trading Platform

Banc De Swiss -Trading Platform

Their web based trading platform is powered by SpotOption, a leading provider of financial trading platforms for many of the existing binary options brokers around in the market. You get the same ease of use as with many of SpotOption’s white labels. With the “Pro Trader” mode, traders have many of the indicators and tools that are available to high end professional trading platforms.

 Banc De Swiss -Trading Platform1

Although Banc de Swiss does not have a mobile trading platform, the broker is also working on providing such a platform for their clients who want to trade with mobile devices.

Unique Features

In addition to the ease of use and efficiency of the trading platform, traders also have access to a few unique features that can only be found on SpotOption’s powered trading platform.

  • Double Up Feature

This feature is great for those trades which traders think is going to finish in the money. Essentially, traders can “double up” on their investment with the same conditions. This lets traders to have the opportunity to double their profits. Of course, the risk of doubling your losses is there as well.

  • Rollover Feature

The rollover feature is normally used by traders to extend the expiry time of their trades. There is a premium of 30% payable for utilizing this feature. Nevertheless, traders also get an increase of 30% in their returns if the trade expire in the money.

Trade Types

Trading at Banc de Swiss is never boring as the broker offers their clients four (4) types of trades.

  • Classic High/Low Options

The simplest and most popular type of options traded. Traders only need to decide on the direction of the price movement of the underlying asset.

  • 60 Seconds Options

Like the name implies, this type of options expire in 60 seconds. The minimum investment required on 60 seconds options is just $5.

  • Option Builder

Option Builder allows traders to customize some aspects of their trades. Normally used by the more experienced traders, the feature let traders have a degree of freedom in allowing them to set the expiry time and the level of risk which they want to undertake.

  • One Touch Options

Usually for trades lasting a few days, traders can trade on some preset assets with this type of trade. For the options to payout a return, the option just needs to “touch” the strike price once.

Trading Account

At BDSwiss, traders only have a single type of trading account to choose from. A minimum deposit of just $100 is required to open a live trading account here. The low deposit requirement makes Banc de Swiss ideal for new traders who do not want to tie up a lot of investment capital until they feel comfortable with their broker.

Payout Ratios

The payout ratios at Banc de Swiss vary with the type of trades made by the trader. For One Touch trades, returns can be as high as 600%. However, the average returns for normal trades are around 65% to 85%. For out of the money trades, the rebates offered ranges from 5% to 10%.

Asset Index

At Banc de Swiss, traders can trade in commodities, currency pairs, Indices and Stocks. At present, their asset list includes the following:

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Customer Support

High quality customer support has always been one of the cornerstones for a successful business. This is why at Banc de Swiss they take customer service very seriously. Responses are quick and professional with multilingual staffs (English, Estonian, German, Italian, Latvian, Spanish) attending enquires made through:

  • Email
  • Live-chat
  • Phone
  • Skype

For the convenience of their clients, Banc de Swiss website is available in 5 languages:

  • English
  • German
  • Italian
  • Norwegian
  • Swedish

Reliability

All internet traffic data between the Banc de Swiss and their clients are encrypted with SSL encryption technology. The safety of their clients’ fund is also not overlooked which is why Banc de Swiss only accept deposits through proven methods like:

  • Major Credit Cards
  • Wire Transfer

Pros

  • High Returns on Investments
  • Intuitive Trading Platform
  • Low fees ($25) on withdrawal below $500
  • Low Minimum Deposit Requirement (€/$100)
  • Low Minimum Trade Size of €/$5 on 60 Seconds trade (€/$20 on other types of trades)
  • Responsive Customer Service
  • Wide asset list

Cons

  • Bonuses tied to restrictive terms and conditions
  • Have a minimum withdrawal amount requirement of €/$100
  • Limited choices of Assets on the U.S financial markets

Conclusion

With their superior service and incentives for novice traders, it is not surprising to find BD Swiss being so popular. Furthermore, with the efficient and user friendly trading platform, anyone can trade like a professional. However, what sets Banc de Swiss apart from other binary options brokers is the fact that they primary market is focused on the European markets. This clearly shows that they are a focused outfit. In my option, if you are more inclined to trade the European markets, then they are the broker for you.

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