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BTCBOX

BTCBOX Review
Trader's rating 0
Editor's rating 4

Trading Accounts & Conditions

Account type Leverage Maker Fee Taker Fee Deposit Fee
Standard 1:3* 0%** 0%** Free

*margin is not granted instantly.
**only applies for BTC trading. There is a 0.20% fee on altcoin trading.



BTCBOX is a Japanese cryptocurrency exchange. They operate from the domain btcbox.co.jp and should not be confused with btcbox.in – a platform which supposedly provides “free Bitcoin”, but has received multiple negative reviews. The distinction is quite important as the Japanese exchange appears to be a very reputable one.



 
BTCBOX Advantages



FSA Licensed
– BTCBOX is the eight cryptocurrency company to be overseen by the Japanese Financial Services Agency (JFSA). This brings a lot of credibility to their offer, as not a lot of Bitcoin exchanges are regulated by a reputable financial watchdog. They also provide information about the actual company behind the project and their banking partners. While this sounds natural for a regulated company, it isn’t always the case with shadier trading venues. Two-factor verification is also provided.


 
Decent fees, BTC is free – trading Bitcoin at BTCBOX comes without any costs. That being said, altcoin traders will be charged a 0.20% fee. This applies both for market “makers” (the people who place passive orders in the book) and “takers” (the ones who buy or sell at the best price available). This is pretty much the standard at this point in time – not too high, but also not too low, when compared to the competition.


No deposit fees
– there are no deposit fees on blockchain transfers to BTCBOX. Additionally the company does not charge anything extra on bank transfers. While certain costs will be involved in either form of deposit (be they mining or banking), the company does not take anything extra.



1:3 in leverage
– BTCBOX is one of the few exchanges to facilitate margin trading. However, according to company policy each trader willing to borrow coins will have to be processed manually. This means it could be hours or even day before you are approved to receive it. This can definitely be an issue for aggressive traders, who are willing to jump on a chart setup. They will be much better suited with a forex broker.



 
>>Leveraged BTC trading<<




As you may already know a lot of these more traditional financial companies have started providing Bitcoin (and altcoin) trading. This is achieved via CFDs, which is slightly different than setting up a cryptocurrency exchange. In essence you only speculate with the price of the given coin, without owning it. For more information, check the full guide.




Japanese banking support – BTCBOX accepts Japanese Yen deposits. This makes them a great entry-level exchange for the locals.



>>Buy Bitcoin with a credit card<<



Two trading platforms – trading at this exchange is done via two interfaces. One of them is rather simple and rather nice. Additionally, a more “professional” version is also available. It offers solid charting and is arranged even more conveniently. Here is the preview (click to zoom in):
 



 

BTCBOX Disadvantages


Focus on Japan – while English and Chinese versions of the website, this is still an exchange primarily oriented towards Japan. We are not certain if the support will be up to par with the one provided by other companies (although basically everyone has received negative comments on this point).



Margin is not instant – the fact margin has to be provided to clients on an individual basis can be troubling. We haven’t tested the service, but just by reading the terms we expect delays to be quite possible.



Only four coins available – the short list of digital assets available at BTCBOX includes: BTC, BCH, LTC and ETH. Volumes on the ones other than Bitcoin are rather low.


Trading only against JPY – this is another thing limiting non-Japanese clients. It’s just company policy and there is nothing wrong with that, but we must mention it.


Withdrawal fees present – while they are small, these fees may irritate some users. The Bitcoin one is 0.001BTC.


No user reviews in English – BTCBOX doesn’t appear to be popular in the West. This is to be expected, given the previous factors.



Conclusion


BTCBOX is a Japanese cryptocurrency exchange, which is regulated by the Financial Services Agency (JFSA). This makes them a much more credible company than most of the competition. They provide access to Japanese customers to the world of crypto, as they even accept bank transfers. That being said, they may not be the ideal trading venue for a foreigner.

While this is a highly regulated exchange, the world of cryptocurrencies still carries a level of risk. If you are only looking to speculate with the price of Bitcoin, doing so with a forex broker may be preferable. View the link below for more details on the way regulation for forex brokers, offering Bitcoin works.


>>Regulated Bitcoin forex brokers<<



 
Here is the summary of BTCBOX:

Pros Cons
FSA Licensed Focus on Japan
Decent fees, BTC is free Margin is not instant
No deposit fees Only four coins available
1:3 in leverage Trading only against JPY
Japanese banking support Withdrawal fees present
Two trading platforms No user reviews in English

 

BDSwiss

BDSwiss Review
Trader's rating 0
Editor's rating 3.7

Basic Information

 

Minimum deposit  Min./Max. bet size Payout %  Deposit Bonus  Trading platform Regulation
$100  $5/ $1,500.00  Up to 85%  N/A SpotOption  CySEC


Formally known as Bank De Swiss, BDSwiss is a reputable European Binary options broker, offering trading in over 200 underlying assets on the most popular SpotOption binaries platform under quite competitive trading conditions.


BDSwiss` customers get access to comprehensive training materials to help them optimize their trading strategies. The broker offers rich education center on its website, online webinars, live seminars, market news, economic calendar and more.


Trading Accounts


BDSwiss offers a single type of account, which is rather unusual, as most binaries brokers differentiate their clients based on their initial deposit. This means that BDSwiss clients may not choose between different account types, but ion the other hand, treating all clients equally is a good thing.


Besides, BDSwiss does not offer demo account either. While many consider this a disadvantage, it is also true that many demo platforms do not mimic the actual trading on the site.


The Company. Security of Funds


BDSwiss is one of Europe’s leading financial institutions specializing in Forex/CFD and Binary Options trading. It also appears to be quite popular with traders.


BDSwiss is operated by BDSwiss Holding Plc, a Cyprus Investment Firm (CIF), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).


In order to provide a certain level of security, Cypriot financial watchdog applies a set of rules and requirements to license holders.


First of all, CySEC requires Cyprus-based brokers to hold a minimum of €730 000 in order to prove their good financial standing. Moreover, all CySEC-regulated companies are members of the Investor Compensation Fund, which may cover tour investment loss to a maximum of 20,000 EUR per person in the event that the broker becomes insolvent. Such compensation schemes serve as an additional guarantee to clients’ funds.


In addition, as CySEC is part of the European MiFID regulations, and the companies regulated by the Cypriot financial watchdog are free to operate in all EU Member States.


Trading Conditions


Trading Options: Call/Put, 60 seconds, Pairs, Long term, One Touch, Ladder
Assets: Stocks, Indices, Currencies, Commodities
Expiry Times: 60 sec, 90 sec, 120 sec, 180 sec, 300 sec, 30 min, 1h, 2h, 4h, 8h, 12h, 2d, 3d, 4d, 5d, 6d, 7d

 

Minimum Initial Deposit
The minimum initial deposit for clients of BDSwiss is $100, which is attractive, since most binaries brokers usually require $200 - $250. For instance, Cherry Trade, a broker operating out of the Caribbean. requires $200 from traders to open an account.

 

Min/Max bet size
The minimum bet size with this broker is just $5 (for 60 Second Options), which is on the lower end of average. In comparison, with OptionsClick one is able place a trade with at least $10. Such low minimum bet sizes allow better risk management.

 

Payout amount
The payout provided by this broker varies by different options, but is usually between 65%-85%, which is on the upper end of average.


In comparison, HY Options’ payout for the EUR/USD pair A Day binary Up/Down for EUR/USD offers a payout of 85%. 60 Seconds Binary Options have a payout of 70%.


Of course, the higher the percentage payout offered by the broker, the larger the traders return would be.

 

Trading Platform


Like many binary options brokers, BDSwiss supports the most widely used binaries trading platform, SpotOption. All popular binary options are supported: Call/Put, 60 seconds, Pairs, Long term, One Touch, Ladder. What is more, it offers some additional option features (In the overview of open positions).


Instead of letting your option expire, you can use “Sell”, “Double Up” and “Rollover” to adjust your option individually, if, for example, market conditions change.


As the name suggests, “Sell” gives you the opportunity to sell your option before it expires. If you are confident in the current trend, you have the opportunity to “Double Up” which will open a new option with the same conditions of your open position, but at the current price. Finally, if you think your option needs more time to move in the desired direction, you can extend the expiry time by using the “Rollover” feature.

Bonuses
Unlike most binary brokers, BDSwiss does not have a set bonus structure. On-deposit bonuses are not offered on a constant basis, but are instead available at various times for a limited duration.


Instead, this broker offers $100 refer a friend bonus.

 

Methods of Payment


There are a number of payment methods available to BDSwiss’ clients: Credit/Debit cards, Bank Wire, Skrill, Neteller, Giropay, eps, Sofort & Ideal.


Keep in mind that withdrawals under €100.00 will be charged with a €25.00 processing fee.


Conclusion


BDSwiss is a regulated and reputable binaries broker, offering outstanding range of assets and trading options, while keeping their account structure simple and their plat form easy to use. To sum up the above, here are the advantages and drawbacks in relation to this broker:

 

Pros  Cons
Regulated broker No deposit bonus 
Low minimum bet size & min. initial deposit No choice of trading accounts, no demo either
Payout up to 85%   
Wide range of tradable assets & instruments  
Refer a friend bonus  
   

 

 

Headquarters: Makariou III Street 160 3026, Limassol

Country: Cyprus

Regulation: CySec

Forex
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