We all understand, how important is to have a good broker. Some brokers made us feel uncertain, and Banc de Swiss is not exception. Is Banc de Swiss scam? Let us find out.
Min. Deposit: $100 Demo: No
Platform: SpotOption Bonus: No
Regulation: CySEC US Clients: NoDO NOT SIGN UP! Read full Banc de Swiss Scam Review and find out what is waiting for you. SCAM DETECTED!
Banc de Swiss Scam Review: About the Company
Generally, we are satisfied with the mediocre, but comfortable design and the amount of information presented on the website of BD Swiss. Their registered address is Ioanni Stylianau, 6, 2nd floor, flat/office 202, 2003, Nicosia Cyprus. The owning company is named Keplero Holdings Ltd. BD Swiss is regulated by CySEC with a license number 199/13 and that means that it can probably be trusted. If some serious and unpleasant accidents take place, their reputation will suffer a lot.
Beside all these positive things, there is something that puzzled us a little bit. If they are located in Cyprus and have no relation to Switzerland and no connection with its banks, why bearing Swiss in the name and having the symbolics of the national flag? That is the open question. Perhaps it is just to draw your attention as Swiss banks are quite reputable. This can be a small reason why to call this broker Banc de Swiss scam.
We would like to inform you that even if this broker is better than scams that do not even provide the address, having regulation does not makes this broker superior just from the beginning. Therefore, a good analysis should be made.
BD Swiss Accounts Review
What was really unexpected is that Banc de Swiss review did not find any account types or packages. This broker simply does not have them. Banc de Swiss lets you trade merely with one account.
Unlike many best binary options brokers that actually reward your large deposit with VIP accounts, at BD Swiss you will be treated absolutely the same, no matter how much you deposit: $100 or $100,000. Basically, good brokers should have different packages, this shows that they provide services correspondingly to the size of investment. Unfortunately, this BD Swiss lacks this important feature.
Banc de Swiss Trading Conditions
Well, we still insist on considering Banc de Swiss to be scam and our suspicions were confirmed, when we reviewed the trading conditions. As most scam brokers, Banc de Swiss offers merely 6 trading conditions. Let us take a look at them:
- Binary Options
There is no need to explain what it is BO, nothing special here.
This trading type involves evaluating 2 assets at the same moment of time, while their performance is compared relatively to each other. You simply decide which financial instrument will actually do better in a concrete timeframe.
Banc de Swiss review reminds you that this kind of trading has a key principle of making long-term prediction. Your assignment is to forecast what may happen with the instrument in the established timeframe from 6 days to 6 months. Then the payout must be gained after the expiration time.
- 60 seconds
Basically, this is much the same as ordinary Binary Options. But, scam brokers like Banc de Swiss offer their options additionally with the time of expiration set as 60 seconds.
- One touch
In this trading type, you are about to predict whether the price reaches a particular level. Indeed, correct prediction equals profit but not with this broker.
The last trading type presented is ladder. Well, this can be regarded as one of the interesting types of BO trades discovered by this review. In this kind of option you have 5 distinct prices of the particular asset and your task is to predict whether the price in 15, 30, 60 minutes or 2 hours would be over or under them. Each price and put/call option have different payout accordingly.
Banc de Swiss Trading Platform
Not surprisingly, BD Swiss posses a SpotOption trading platform. Well, it is not complicated to use and quite pleasant to work with. However, do not forget that you are dealing with the scam broker, thus ignore the pluses of the BD Swiss platform.
OptionBit Scam Deposits and Withdrawals
As anticipated, BD Swiss have developed a flexible banking system. Most scam brokers do so, as they are interested in solely receiving your hard-earned money. Still, the deposit can be made via credit card or wire transfer and the payout duration is not short, we admit, between 2-7 days, while with the card you immediately fund your account.
As for the withdrawals, they are performed just like deposits with the same methods you think are the most appropriate for you.
However, BD Swiss is the scam, do not spend your money on it and find much better broker like 24options.
OptionBit Customer Support
Well, the customer support was better than other features presented, even better than BD Swiss platform. In fact, Banc de Swiss supports 20 languages, among them are all languages of the EU. While this is satisfying, you are also offered a live chat. The average expectancy of reply is 5 minutes, which is normal for all BO brokers. Beside, this they have 13 telephone support numbers and e-mail to contact. Basically, the support system is good, but do not forget that you search for a Binary Options broker, not friendly chatting. And since BD Swiss is the scam, customer support matters nothing.
OptionBit Account Application
The opening account process here is slightly more complicated comparatively to other scam brokers who absolutely do not care who you are. However, this broker does not aims to develop personal approach to each client, so the application process does not require a lot of individual information to be given.
Therefore, in our BD Swiss review we suggest you choosing brokers who really want to know you and will take care of you as a client.
Honest OptionBit Scam Review Conclusion
We still have a vague feeling about this broker, but the overall impression is that it is the scam especially since it does not offer you any binary options deposit bonuses. Why misleading people by creating fake relation to Switzerland and its banks is not understandable. Same goes with the poor variety of trading conditions BD Swiss scam offers. This broker is not completely that bad, but still you can select much more better one.
The only thing we can advise to you is trading with trusted BO Brokers!
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK