If you’re considering joining a Swiss-based binary options broker, you may want to read our BDSwiss broker review. Founded in 2012, BDSwiss is part of a global operating group with Swiss holdings. This allows it to offer more flexible leverage options for non-EU residents. Forex and commodity trading are both commission-free.
As a member, you can deposit and withdraw funds using a variety of electronic wallets. BDSwiss claims to process withdrawals within 24 hours, but this varies depending on your bank and the method you use. Withdrawal fees are typical for most brokers, but BDSwiss makes it clear that you may incur them. Feel free to click here to knom a bit more about BDSwiss review.
Withdrawals made via bank wire cost 10 EUR. Traders can also use an extensive product catalogue and educational materials. A BDSwiss broker review will be particularly helpful if you’re looking for more information about a particular asset class. There are a number of other benefits to this broker, including the fact that its customer support agents are available 24 hours a day.
In terms of trading platforms, BDSwiss has several features that are beneficial for online traders. For example, the platform allows traders to use a stop-loss feature to automatically close a position. It also offers live newsfeeds and prices. It has been a great place for traders to invest and earn profits. Its services are backed by a team of financial experts.
About Dubai Forex Brokers?
If you’re looking to trade foreign currencies, it’s a good idea to start with a regulated broker like Pepperstone, which won the highest customer satisfaction rating from Investment Trends in 2019. Pepperstone offers live chat, e-mail, and phone support, and its customer service representatives are multilingual and available 24 hours a day. The brokerage also has a comprehensive FAQ section for its clients, which can answer any of your questions.
The first thing to look for in dubai forex brokers is whether or not it is regulated by a government body. Although some forex brokers are registered with the UAE government, they cannot accept traders from the United States. Also, make sure the broker is a market maker, or an ECN. Ask to see a demo account and understand how it works. It’s crucial to know how to use the platform before you trade. For the most part, you can trade in the markets without any deposit, but if you’re a beginner, this can be a bit of a challenge. Luckily, Interactive Brokers has lowered the initial deposit requirement to just $10,000, and the support staff is outstanding.
The Bottom Lines
There are many reasons to trade forex in Dubai. While some people do it to generate a second income, others do it as a primary source of income. Investing in a forex company in Dubai can help you save money. The UAE offers zero or almost zero tax policy for foreign investors, so registering your forex company here can save you a lot of money. That extra revenue can be used for other business growth activities.