BDB, established soon after the global financial crisis, is a leading binary options trading platform that is based in Limassol, Cyprus. They are licensed and regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license number #188/13. In addition, the platform is also registered with several regulatory bodies in more than a dozen European countries. Apart from being regulated by CySEC, BDB is also regulated by the Belize’s International Financial Services Commission (IFSC) under the IFSC License number: IFSC/60/352/TS/15. As one of the most heavily regulated binary options brokers, traders can be assured that their money will be safe when dealing with BDB.
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BDB binary options trading brand is a familiar brand among the binary trading circle. It was made even more famous when the U.S CFTC and SEC filed a lawsuit against it for illegally soliciting U.S based clients. After settling its case with the U.S regulatory authorities, it has moved forward from that episode. Since then, BDB has undergone several major changes to redeem itself. For a start, its operations have splintered into two parts, one based in Cyprus and another based in Belize. The international market is handled by the company called BDB Services (Belize) Ltd and is regulated by the Belize’s IFSC. For the European market, its operation comes under the jurisdiction of CySEC and handled by BDB. The fact that BDB is regulated in two different jurisdictions puts it in a class of brokers which are multi-jurisdictional regulated.
From its regulatory status, there is no doubt that BDB is a legitimate binary options broker. Its willingness to work with the U.S regulatory authorities to settle the lawsuit filed against it shows its commitment in pursuing a long term business objective rather than a bucket shop mentality. In other words, BDB value its reputation and brand. From a trader’s point of view, this is a good thing as the broker is less likely to do anything that might jeopardize is brand value. In other words, traders can depend on this broker to provide the services that it says it would provide.
Of course, a broker can only be as good as the support that it provides to traders. As one of the leading brokers in the binary options industry, BDB has taken the lead by providing traders with extensive support. Besides from being able to communicate with BDB’s customer support by email, live chat and the telephone, BDB’s traders can also contact the support team using Skype. Several support offices are also established across the world in order to provide traders with localized support. For countries which do not a local support office, BDB has still managed to provide traders with a local number for them to call whenever they needed assistance.
No doubt with the new changes implemented by BDB, they have shown themselves to be a committed player in the binary options industry. The fact that their trading platform is the only binary options trading platform that is linked to the ZuluTrade network already puts BDB in a class above most other binary options brokers.
BDB uses the popular SpotOption Gen 2 trading platform for trading access. The platform is popular with traders due to its reliability and advanced features. Designed to be simple and easy to operate, no training is required when using the platform. With the platform, BDB’s clients can choose to view the price charts as line charts or candlesticks charts. This gives one a better perspective when it comes to analyzing the dynamic financial markets. Traders can also change the time frame of the charts according to the time frame that they are trading in.
Perhaps the most unique feature about the SpotOption powered trading platform is the strategy advisor widget. The widget uses the Bollinger Bands, RSI and Moving Average technical indicators to give traders a heads up on which direction the market is likely to move.
Another unique feature about BDB’s trading platform is their support for social trading. With access to ZuluTrade, BDB’s traders can configure their trades according to the high ranking traders from the ZuluTrade network.
While the SpotOption Gen 2 trading platform can supports more than half a dozen option types, only 4 types of options contracts are available at BDB. The supported option types include:
- Classic Call/Put Options
- Long Term Options
- Pair Options
- Sixty Seconds Options
Depending on one’s trading needs, there is a selection of trading accounts for traders to choose from.
Min Deposit $250
Daily Market Analysis
Twice Monthly Webinars
Min Deposit $2500
All benefits of the Bronze Account
10 days direct to accounts manager
1 month Signal Access from Trading Central
Min Deposit $5000
All Benefits of the Silver Trading Account
Unlimited Access to Accounts Manager
3 Months Access to Trading Central
Bonus Protected Trades
1x Private Session with Analyst
Smart Money Management Plan
For normal trades, the payout ratio offered by BDB can go as high as 85%. However the payout is not limited to just this level as for long term trades, the payout can reach as high as 900%.
At BDB, traders can trade in more than 200 different types of assets covering the currency, commodities, stocks and indices markets.
The customer support services at BDB are available through live chat, Skype and email. Traders can also channel their inquiries through the telephone by calling the various contact numbers provided on their website.
- 100% Deposit Bonus
- Comprehensive Trader’s education
- Extensive Localized Support
- Over 200 Underlying Assets
- Regulated Broker
- Social Trading Supported
- Only European traders comes under the oversight of CySEC
- Option types limited to 4 types only
- Their minimum deposit requirement could be lower
BDB, with their regulated status and high returns offered, is certainly an ideal choice of broker for any seasoned traders. Even for beginner traders, they remain an excellent choice mainly because of their comprehensive educational support that they offered. In addition with the deposit bonus reaching as high as 100%, they represent great value for money. It’s hard to go wrong with a broker like BDB.