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If you are interested in trading in cryptocurrencies and CFDs then you might have considered Banc De Swiss at some stage. The platform offers Ethereum, Litecoin, and Bitcoin trading with 0.1 lots minimum trade size and 1 lot maximum trade per position…
The good news is that Banc De Swiss allows you to trade during the weekends as well. The service is available 24/7 and this is what crypto traders appreciate much. The volatile nature of Bitcoin and other digital currencies kept traders away from crypto trading but things have changed over the years and online brokers now seem much interested in offering cryptocurrencies.
BDSwiss went through tough and rough situations which forced the platform into uncertain position. Banc De Swiss scam rumors were spread after the rising conflicts with the regulatory authorities. Today, we are going to reveal the truth behind this impressive online brokerage. Let’s first check out the brief history of the platform.
Banc De Swiss Review Summary
Cost: $250+
Recommended: No (See Our Top Ranked Legit Program Here)
Rating: 0/100
Summary: Banc De Swiss is one of the rare brokers that appears to be licensed by the NFA – however the strange thing is that despite being apparently licensed by a US regulator they do not permit US citizens to trade. On top of that there are several complaints of withdrawal problems online & therefore we do not recommend Banc De Swiss as a broker to trade with. If you have lost money to BDSwiss already then continue reading to see how you can get it back.
Quick Navigation
Whilst we have put together a detailed & in-depth review of BDSwiss here we appreciate that you may have just come looking for some specific information in particular. If that’s the case then you can use the links below to quickly navigate through the different sections of the review.
- Banc De Swiss Background
- Is Banc De Swiss Regulated?
- Banc De Swiss Complaints
- Banc De Swiss Withdrawal
- Is Banc De Swiss a Scam?
- Our Verdict on Banc De Swiss
- Scammed By Banc De Swiss? Get Your Money Back
- Our Number 1 Legit Way To Make Money
Banc De Swiss Background
Banc De Swiss mentioned different addresses on its website which included…
- Apostolou Andrea, St 11, Hyper Tower, 5th Floor, 4007 Mesa Yeitonia, Limassol, Cyprus.
- Mainzer Landstrasse 41, 60329 Frankfurt, Germany. (For postal letters)
- Email. support@bdswiss.com
Initially, Binary Options trading was more preferred as compared to CFD and Forex but the time has changed and online brokers are more interested in CFDs, Forex, and Digital Currencies. BDSwiss is the prime example in this regard. This platform initially offered binary options but then replaced binary options with crypto and CFDs.
The education section is comprehensive. It features webinars, training videos, glossary, economic calendar, and news etc. In addition, the trading academy served the traders with valuable lessons. The daily analysis also facilitated the clients with latest updates and predictions.
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Is Banc De Swiss Regulated?
Banc De Swiss is regulated by CySEC (License # 199/13). As per the licensing information, the address mentioned is as follows…
- BDSwiss, Ioanni Stylianou 6, 2nd Floor, Office 202, 2003 Nicosia, Cyprus.
- Headquarters situated at 23, Syprou Kyprianou Avenue, Protopapas Building, 3rd Floor, Mesa Gitonia, CY-4001 Limassol.
In addition, the broker is registered with the NFA (US). We don’t often come across a broker registered with this regulator, the most feared watch-dog.
The truth is that Banc De Swiss doesn’t invite traders from the United States. We can’t see a reason because it is strange that a broker is registered with NFA (US) and still it doesn’t accept the US citizens.
The legal status of this broker is extremely transparent. We are actually happy with the level of interest the company takes in complying with the law. Even then, there are a few incidents which we can’t ignore because this section will remain incomplete without including these couple of events.
CySEC made an announcement on 16.03.2016 according to which a Euro 5,000 fine was imposed on CIF BDSwiss Holding Ltd. The fine was imposed for the broker’s failure to comply with the laws.
CySEC again charged Banc De Swiss with Euro 150,000 and the company paid the fine to on 19-12-2016 to settle the issue.
Banc De Swiss Complaints
The new ESMA rules forced Banc De Swiss to focus more on Crypto and CFDs. The broker finally dropped Binary Options. Some traders didn’t like this change and decided to leave the platform.
You don’t find many complaints about this platform. The broker is regulated and complies with the law. A few clients have complained about hidden charges. But we couldn’t find many serious complaints.
Banc De Swiss Withdrawal
$10 is the minimum withdrawal. There is an interesting condition, if you have over $100 in your account and you want to get back anything less than $100 then you had to pay (5% of the selected amount). The broker facilitates Credit/Debit Card and Wire Transfer as withdrawal methods.
Is Banc De Swiss a Scam?
Banc De Swiss scam warnings don’t even exist. It is a transparent and reliable platform. The broker has managed to earn a reputation after making serious attempts to legitimize its stature. The regulatory authorities, apart from a couple of incidences, regard this platform. If you are looking to make the most of modern-day trading opportunities, you can consider this platform as a top choice.
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Our Verdict on Banc De Swiss
We highly recommend Banc De Swiss for all those looking for a reliable trading platform. The good news is that despite trying our best, we failed to find any genuine complaint that could trigger the red-flag. This platform is not only CySEC regulated but is also registered with the most feared NFA (US). When it comes to transparency, things can’t get better than this.
Scammed By Banc De Swiss? Get Your Money Back
Since writing this review we have heard rumours that there have been a few people scammed by Banc De Swiss, so we’d like to add that if you too have found yourself in a similar situation then we can help you get your money back.
We’ve put together a free money reclaim guide which shows you the exact steps you need to take if you’ve been scammed by a binary options broker to get your money back.
To date the exact guide has helped thousands of people to successfully get their money back from the hands of binary options scammers & we know it can certainly help you too.
You can get access to the guide for free by clicking here.
Our Number 1 Legit Way To Make Money
Even with legitimate brokers, we still don’t recommend binary options trading because we believe the risks are way too high. In fact we’ve never seen so much as a single person make sustainable profits with binary options trading at all.
The truth is there are many other legitimate opportunities online that can help you make good money and so in our opinion there is simply no need to risk money with binary options brokers.
Out of all of the legitimate opportunities we’ve come across though there has been one in particular which has stood out from the rest & we’ve named it our number 1 recommendation for working from home.
You can get access to our number 1 recommendation for free by clicking the link below:
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