BDSwiss is a binary options broker that adheres to fair banking procedures and has faster than normal withdrawal times. It is one of the many reasons why the site has become so popular among binary options traders these days. They are a very transparent website when it comes to their banking practices and their withdrawal methods and fees and the minimum withdrawal amounts are clearly spelled out on the website itself. They also offer flexibility in the types of withdrawals that are available and the methods that they can be done with. BDSwiss fully believes the money in a traders account is theirs and they should have full access to it when they need it.
The banking practices of the broker are also done in as safe and secure manner as possible; the site is fully encrypted to ensure the protection of those investors that trade with them. The site is up to date on the latest technologies that make it available for traders to withdraw their funds by using such methods as credit cards, bank wire transfers, Maestro, Paysafecard, Ukash, Sofort, Giropay and UPS (which was once called Netpay in Australia). BDSwiss closely works with the credit card companies that serve them to ensure that their customers get the fastest withdrawal times possible.
Before initiating a withdrawal on BDSwiss there are a few security steps that must be completed for the trader’s protection. They will ask that the trader provide a scan of a government issued ID, a scan of the signed credit card and proof of address. Once that is done, the withdrawal procedure flows very smoothly and the verification process for that credit card does not have to be repeated. BDSwiss does a nice job of keeping their investors vital financial information safe and secure during the withdrawal process.
Hopefully a trader is withdrawing funds on the BDSwiss website because the site has helped them become very successful at binary options trading. Credit card withdrawals usually streamline the withdraw process and tend to be the quickest withdrawal method. The minimum withdrawal amount when using a credit card is $100. It is not the lowest of any binary options broker but it comfortably fits into the category of low withdrawal minimum brokers. When you take into consideration that most investors withdraw sums that are considerably higher it really becomes a moot point anyway. There are usually no fees associated with credit card withdrawals.
Bank wire transfers are the most recommended withdrawal method because they are by far the most secure way for an investor to receive their money. They do have their drawbacks too though, they are usually the slowest way for a customer to get the money back into their account and there is a $25 bank fee for each wire transfer. With the increased security many traders happily accept the slower withdrawal times and the fee.
Bonus funds can never be withdrawn until certain trading volumes are met by the customer. This is to prevent investors from signing up to the site to receive signing bonuses and then quickly withdrawing the money.
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References and Further Reading:
1. Pricing to market when the exchange rate changes (PR Krugman – 1986)
2. On the international use of currencies: The case of the Deutsche Mark (GS Tavlas – 1990)
3. How would an Appreciation of the RenMinBi and other East Asian Currencies Affect China’s exports? (W Thorbecke, G Smith – 2010)
4. Commodity currencies (Y Chen, K Rogoff – 2003)
5. Closed-end country funds and US market sentiment (JN Bodurtha, DS Kim, CMC Lee – 1995)
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