Written by ForexBrokers.com
In this head to head comparison of FinecoBank vs BDSwiss, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FinecoBank and BDSwiss offer online brokerage services but differ significantly in their trust ratings and regulatory standings. Founded in 1999, FinecoBank not only operates as an established bank but also trades publicly on the stock exchange. It holds two Tier-1 licenses, contributing to its high ForexBrokers.com Trust Score of 94, placing it in the highly trusted range. This indicates FinecoBank's strong credibility and stability in the financial market. In contrast, BDSwiss, founded in 2012, is not publicly traded and does not function as a bank. It holds one Tier-1 license, receiving a Trust Score of 73, which suggests an average risk level as per ForexBrokers.com ratings.
Consumers searching for a reliable online broker often consider regulatory compliance and trust scores as important factors. FinecoBank's status as a publicly traded bank with multiple Tier-1 licenses affirms its reputable position, appealing to those seeking a highly trusted platform. On the other hand, BDSwiss caters to clients who may prioritize other aspects of brokerage beyond regulatory standing, though they operate at an average risk based on their current trust score. Understanding these differences can help traders make informed decisions aligned with their investment priorities and risk tolerance.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Year Founded | 1999 | 2012 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Comparing the commission and fee structures of FinecoBank and BDSwiss reveals notable differences that traders should carefully consider. FinecoBank does not provide clear average spread data for forex and CFD trading, which makes it challenging to grasp the true cost of trading with them. They list a spread of 1 pip for EUR/USD trades, which is less competitive than the typical spreads offered by other brokers. Although a narrower spread of 0.8 pips is mentioned, the lack of context or average value makes it hard to assess. FinecoBank is rated 3.5 out of 5 stars for its commissions and fees, ranking it at a low #50 spot out of 62 brokers.
BDSwiss, on the other hand, provides more transparency in its fee structure, though its spreads are still on the higher side compared to industry leaders. For its Classic account, BDSwiss offers a 1.5 pip spread on EUR/USD, which is considered costly. The Raw account is more competitive with an effective spread of 1.3 pips, accounting for a 0.3 pip spread plus a $5 commission per side. For VIP clients, the spread is slightly better at 1.2 pips. Overall, BDSwiss shines brighter with a 4-star rating for its commissions and fees, ranking it #30 out of 62 brokers.
In summary, if you're looking for transparency and competitive fee structures, BDSwiss appears to offer a clearer and slightly better pricing model than FinecoBank. With its superior star rating and ranking for commissions and fees, BDSwiss might be the wiser choice for those prioritizing cost-effectiveness in their trading activities.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Minimum Deposit | $0 | $10-$5000 |
| Average Spread EUR/USD - Standard | N/A | 1.6 |
| All-in Cost EUR/USD - Active | N/A | 1.3 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FinecoBank and BDSwiss for their range of investments, both brokers offer forex trading as CFDs, with FinecoBank providing a slightly wider variety of 54 forex pairs compared to BDSwiss's 53. FinecoBank stands out for its impressive selection of 9,770 tradeable symbols, vastly surpassing BDSwiss's 1,081. Moreover, FinecoBank clients benefit from the ability to invest in exchange-traded securities across both U.S. and international exchanges, enabling direct purchases of well-known stocks like Apple and Vodafone, a feature BDSwiss does not offer.
BDSwiss, however, caters to traders interested in cryptocurrency derivatives, whereas FinecoBank does not. Additionally, BDSwiss provides the option of copy trading, a feature not available with FinecoBank. In terms of overall ratings for range of investments, FinecoBank receives 4.5 stars and ranks 16th out of 62 brokers, showcasing its strong offerings, while BDSwiss earns a respectable 4-star rating, placing 34th in the same category. This indicates that both platforms have their strengths, catering to different investor needs based on their trading preferences and required investment options.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1081 |
| Forex Pairs (Total) | 54 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FinecoBank and BDSwiss are both online brokers offering proprietary trading platforms, each tailored to meet the needs of their users. While FinecoBank provides a Windows-based desktop platform and a web-based option, it does not offer MetaTrader 4 or 5, which are popular among many traders. In contrast, BDSwiss includes these MetaTrader platforms, making it attractive for users who prefer this established software. One of the key differences is that BDSwiss supports simulated trading with a free virtual demo account to help newcomers practice without risk, whereas FinecoBank lacks this feature. Additionally, BDSwiss facilitates copy trading, enabling users to imitate skilled traders' strategies, while FinecoBank does not offer this capability.
When it comes to charting tools, BDSwiss provides a broader range with 15 drawing tools compared to FinecoBank's offering of 7. Furthermore, BDSwiss allows for direct trading from stock charts and boasts seven columns for watch lists, enhancing usability for active traders. Despite these differences, both brokers receive a four-star rating for their trading platforms and tools. However, FinecoBank surpasses BDSwiss in ranking, positioned at #18 compared to BDSwiss’s #24, indicating a slight edge in overall platform and tool satisfaction within the trading community.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FinecoBank and BDSwiss offer apps for iPhone and Android users, complete with the ability to receive stock or forex price alerts. However, neither platform syncs the watchlist symbols between the mobile app and the client's online account, which might be a drawback for traders who desire seamless integration across devices. When it comes to technical charting features, BDSwiss stands out with 30 technical studies, compared to FinecoBank's offering of 6. Additionally, BDSwiss allows users to draw trendlines and autosaves these graphs, while FinecoBank lacks both functionalities.
Both brokers provide the ability to view multiple time frames on stock or forex charts within their apps. However, BDSwiss has an edge with real-time quote watchlists, a feature not available on FinecoBank's app. Despite these differences, both apps have garnered a 4-star rating for their mobile trading experience. Ranked by ForexBrokers.com, BDSwiss comes in at #24, setting a higher standard compared to FinecoBank, which sits at #42 out of 62 brokers. BDSwiss appears to offer a more feature-rich trading environment for users seeking robust charting and real-time capabilities.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank and BDSwiss in terms of market research offerings, both brokers have their unique strengths. FinecoBank stands out by providing forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to reliable information. However, it does not offer daily market commentary or research tools from renowned companies like Autochartist and Trading Central. Despite these limitations, FinecoBank compensates with an economic calendar covering global news events, contributing to its overall research rating of 4.0 stars and a ranking of 33rd out of 62 brokers in the Research category on ForexBrokers.com.
On the other hand, BDSwiss provides daily market commentary and offers technical analysis tools from respected companies such as Autochartist and Trading Central, which may be appealing to traders who value these resources. Although it lacks news from top-tier forex sources and sentiment-based trading tools, BDSwiss also provides an economic calendar, keeping traders informed about key events. This combination of research features earns BDSwiss a research rating of 4 stars and a higher ranking of 24th out of 62 brokers in the Research category according to ForexBrokers.com.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FinecoBank and BDSwiss both provide valuable content, although there are notable differences. FinecoBank offers engaging educational webinars every month and a decent collection of beginner videos covering various trading topics. Additionally, it has an investor dictionary featuring over 50 investing terms, serving as a handy tool for newcomers to the trading world. However, FinecoBank lacks depth in advanced educational videos and doesn't provide a searchable archive of past webinars, which may limit learning opportunities for more experienced traders.
BDSwiss, on the other hand, takes a more comprehensive approach in its educational offerings. It not only provides a rich array of beginner videos and frequent educational webinars but also boasts a searchable archive of these sessions, allowing users to revisit and learn at their own pace. BDSwiss additionally supplies numerous advanced videos to cater to seasoned traders seeking to hone their skills further. With a reliable investor dictionary and extensive materials dedicated to forex and CFD education, BDSwiss ensures a well-rounded learning experience, helping explain its better ranking compared to FinecoBank in educational resources.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FinecoBank is better than BDSwiss. FinecoBank finished with an overall rank of #25, while BDSwiss finished with an overall rank of #36.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
While FinecoBank and BDSwiss both do not offer the ability to buy actual (delivered) cryptocurrency, only BDSwiss provides the option to trade cryptocurrency derivatives.
When comparing FinecoBank and BDSwiss as online brokers for their deposit and withdrawal methods, both offer ACH or SEPA transfers and bank wires, though only BDSwiss supports additional options such as Skrill and Visa/Mastercard, while neither supports PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FinecoBank | BDSwiss | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | BDSwiss Review |
| Broker Screenshots | FinecoBank | BDSwiss | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | FinecoBank | BDSwiss | |
|---|---|---|---|
| Trust Score | 94 | 73 | |
| Year Founded | 1999 | 2012 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | BDSwiss | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FinecoBank | BDSwiss | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FinecoBank | BDSwiss | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1081 | |
| Forex Pairs (Total) | 54 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FinecoBank | BDSwiss | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.6 | |
| All-in Cost EUR/USD - Active | N/A | 1.3 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | No |
| Funding | FinecoBank | BDSwiss | |
|---|---|---|---|
| Minimum Deposit | $0 | $10-$5000 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | BDSwiss | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | BDSwiss | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | BDSwiss | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | BDSwiss | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | BDSwiss | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | BDSwiss | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FinecoBank Review | BDSwiss Review |
| Overall | FinecoBank | BDSwiss | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | BDSwiss Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
