Broker Review: How to Use BDSwiss to Profit From Cryptocurrencies
- Over 200 asset classes
- Professional Platform MT4
- Max Leverage 1:1000
|Trading Platform||MT4 | WebTrader|
|Minimum 1st Deposit||£200|
|Bonus||Free Educational Resources|
|Payout||Bitcoin, Ethereum, Litecoin|
|Free Demo Account|
|US Traders Allowed|
BDSwiss is one of the most trusted names in CFD and Forex trading. Since their inceptions, BDSwiss has featured hundreds of asset CFDs and currency pairs. More recently as cryptocurrencies like Bitcoin and Ethereum have revolutionized money as we once knew it, BDSwiss has added these and other coins to trade in currency pairs.
There are many BDSwiss reviews out there which explain the platform as a way to get profit on equities value fluctuations. This BDSwiss review is meant for the crypto trader. We’ll emphasize the ways that BDSwiss excels in performance, security, and trading features for the crypto fanatic. All this and more in the full BDSwiss review below!
BDSwiss Review Part 1: What is BDSwiss and BDSwiss Login
BDSwiss was founded in 2012, back when you could buy an entire Bitcoin for about $10, sometimes less. Cryptocurrencies weren’t yet integrated into BDSwiss, but the company nonetheless quickly made a name for itself in CFD and Forex trading. The company is known for its ease of use, straightforward deposits and withdrawals, and the sheer variety of assets and currencies it allows its users to trade upon.
Why Use CFDs and Forex At All?
Some readers who come to this BDSwiss review won’t understand why people even use CFDs. The big draw, it turns out, is leverage. It’s possible to make enormous gains with CFDs, without spending all of the money you’d need to buy the actual cryptocurrencies you’re interested in.
At the time of this writing, you’d have to pay $18,000 to buy a single Bitcoin. But you could trade on the price fluctuations of one Bitcoin with only $1800, because BDSwiss allows you to trade with 10:1 leverage with CFDs. With Forex, the price difference would be much wider, as 400:1 leverage is allowed in some cases!
We don’t recommend that new users jump into the deep end of leveraged trading without experience, which is why there is a BDSwiss demo account. We’ll discuss this more when we get to information on the BDSwiss login. For now, just remember that it’s much better to learn CFD/Forex trading strategy with a BDSwiss demo than it is to risk your hard earned cash without much knowledge or experience to back it up.
Real BDSwiss Trading With Profit and Risk
To start trading for real, simply enter the Live version of the Forex Web Trader (note: this review is American and is thus not allowed to trade CFDs. This review will continue using Forex trading as the primary example, but the BDSwiss platform works almost exactly the same way for CFD trading.)
Now simply navigate to the cryptocurrencies portion of the trading platform. For this example we’ve chosen to show the Bitcoin/Euro currency pair, but there are other cryptocurrency/fiat currency pairs you could choose.
As you can see, the BDSwiss trading interface is very simple. All you have to do is select your asset pair (upper left hand corner), the time at which you wish your new contract to expire, and the amount of money you are risking. The charts and information will show you recent prices.
Then you just have to select “Call” or “Put”. A Call means that you think that Bitcoin will increase in value relative to the Euro, at the end of your specified time. If you select a Put, this means that you think the relative value of these two currencies will change in the Euro’s favor.
All you have to do now is wait and hope. It doesn’t matter what happens to the Bitcoin/Euro value relationship in between now and the time your contract expires. All that matters is what the value is when your time runs out. As you can see, there is great risk involved, but the rewards are also very high.
It’s important to note that your BDSwiss trading account balance can never fall below zero. If you have a trade that goes badly, you will never be expected to fund your account just to pay off your losses. This way, if you want to learn the ropes with money you could afford to lose, you won’t get in over your head. And who knows, you might make big profits!
Withdrawals and Account Security
Anytime we start new financial accounts, there is a real concern for security. After all, your inputting a great deal of personal data and banking information. Fortunately, BDSwiss is secure and trustworthy.
Without going into agonizing detail, BDSwiss uses the latest in encryption technology and does not share your information with third parties. For a full rundown, check this BDSwiss trading page.
As for withdrawals, they are most easily completed with a simple bank transfer which works just like the bank transfer you used to make your first deposit. Withdrawals of more than 100 Euro are free.
Other Details About BDSwiss and BDSwiss Trading
There are certain details about BDSwiss which don’t fit neatly into these other categories. We’ll try to give those some attention here before we conclude this BDSwiss review.
- Is there a BDSwiss App? There are a few BDSwiss apps, in fact! Each app offers a streamlined version of any trading form which you prefer (Forex, CFDs, etc.). Each app is available for iPhone and Android. They look great and function seamlessly, we might add.
- Which currencies are accepted for BDSwiss trading? Euro, Pounds Sterling, and United States Dollar.
- Is there any truth to the BDSwiss scam rumors? No matter the financial platform, there’s someone on the internet who will call it a scam. There is no truth to the BDSwiss scam rumors. BDSwiss has been in operation since 2012 and has demonstrated great integrity and security all the while.
- What is the minimum deposit? Because of variation in relative currency values, this is sometimes variable. Generally speaking, 200 units of your chosen currency (Pounds, Euros, Dollars) are all that’s required for a new account. Further deposits can be of any amount.
- Are the prices I see on BDSwiss accurate? Yes, all asset and currency prices are drawn from instantaneous feeds by Leverate and Reuters.
- Where is BDSwiss located? Despite the name, BDSwiss is incorporated in Cyprus.
- How is BDSwiss customer service? BDSwiss offers chat, email, and phone support in 5 languages. Due to excessive demand, customer support is sometimes spread thin, but stick with it. When you get someone on the line (which is usually easy), BDSwiss support is friendly and helpful.
BDSwiss does CFD and Forex trading better than just about anyone. Not only are their web and software portals fast, intuitive, and accurate, their mobile apps make trading in one form or another even easier. BDSwiss is easy to fund and use, eliminating so many of the barriers to entry for new investors and crypto enthusiasts.
Cryptocurrency CFDs and currency pairs are a brand new and exciting way to profit from the opportunities in these highly volatile markets. With BDSwiss, you won’t have all the buying, fee, storage, and selling responsibilities you would with conventional Bitcoin ownership. Instead, you’ll just have the earning potential.
We recommend BDSwiss unreservedly for these purposes. Make your first BDSwiss login for your new BDSwiss account today. Start a BDSwiss demo account if you want to learn without risk, or dive right into full funded BDSwiss trades. We think you’ll be happy with either decision you make. Good luck and happy trading!