Can I Demo Trade at BDSwiss?
No. BDSwiss does not have a demo account available through their platform. We believe that being familiar with a broker before you ever execute a trade is important and will help you to reduce the chances of making a needless error and that using a demo account is the simplest way to get this experience. BDSwiss has a simple platform, and a demo trading account would be a nice addition to this site, but unfortunately, it is not a current offering. If you want to use BDSwiss as your broker, we suggest spending a lot of extra time going over the site and exploring all of the features. When you are ready to begin trading, start as small as you can until you are comfortable with the site and the trading platform. If you have further concerns, go through this site’s “How to Trade” section. This gives a succinct walkthrough of how to use the platform.
How Does BDSwiss Work?
There are two different ways to trade at BDSwiss. They offer both binary options and contracts for difference (CFD). Their binary options platform is a European style digital option platform where you can trade currency pairs, commodities, stocks, and indices. Their trades range from 60 seconds in length, up to a few weeks into the future. With binary options, you know exactly how much you can earn with a correct trade, and you know exactly how much you stand to lose. Once you decide how much you want to risk on a binary options trade, you will know both of these numbers before you actually execute the trade. For those that like to plan their risk out with a higher degree of certainty, this is the way to go. You can trade binary options online at the BDSwiss website, or through their mobile app. This is available on both Android and iPhone devices.
With their CFD platform, BDSwiss allows you to trade the Forex market. Here, you are taking positions out against the spread. If you’ve never traded Forex currencies before, this can be a little confusing, but basically, you are given two different prices: one at which you can buy the pair and one at which you can sell. There is a fraction of a penny in between these prices, and overcoming this “spread” is how you make a profit. It’s a very different type of trading than binary options, even though there is some overlap when it comes to the assets that are available for you to profit or lose money from. This platform is powered by MetaTrader 4, and can be used online, for Androids, iPhones, or Google phones.