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Fineco Bank vs BDSwiss 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is Fineco Bank better than BDSwiss? In our analysis of 23 international regulators across 39 of the best forex brokers, Fineco is considered low-risk, with an overall Trust Score of 92 out of 99. BDSwiss is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingFineco BankBDSwissIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees3.5 Stars4 Stars5 Stars
Offering of Investments4.5 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score928399
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ReviewFineco Bank ReviewBDSwiss ReviewIG Review
RegulationFineco BankBDSwissIG
Trust Score928399
Year Founded199920121974
Publicly Traded (Listed)YesNoYes
BankYesNoYes
Tier-1 Licenses117
Tier-2 Licenses012
Tier-3 Licenses011
Authorised in European UnionYesYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)Fineco BankBDSwissIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)Fineco BankBDSwissIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)Fineco BankBDSwissIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoYesNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsFineco BankBDSwissIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)126108119537
Forex Pairs (Total)5451100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingNoYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)NoYesYes
DisclaimersNote: 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).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).
CostFineco BankBDSwissIG
Average Spread EUR/USD - StandardN/A1.6 (08/10/22)0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A1.3 (08/10/22)0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerNoNoYes
FundingFineco BankBDSwissIG
Minimum Initial Deposit$0$100-$5000 (depending on account type)ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)NoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsFineco BankBDSwissIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsFineco BankBDSwissIG
Virtual Trading (Demo)NoYesYes
Alerts - Basic FieldsNoYesYes
Watchlists - Total Fields714
Charting - Indicators / Studies (Total)903033
Charting - Drawing Tools (Total)N/A1520
Charting - Trade From ChartNoYesYes
Charts can be savedNoYesYes
Mobile TradingFineco BankBDSwissIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsNoYesYes
Mobile WatchlistNoYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / StudiesN/A3033
Mobile Charting - Draw TrendlinesNoYesYes
Mobile Charting - Multiple Time FramesNoYesYes
Mobile Charting - Drawings AutosaveNoNoYes
Forex CalendarNoYesYes
ResearchFineco BankBDSwissIG
Daily Market CommentaryNoYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistNoYesYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarNoYesYes
EducationFineco BankBDSwissIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsFineco BankBDSwissIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewFineco Bank ReviewBDSwiss ReviewIG Review
OverallFineco BankBDSwissIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees3.5 Stars4 Stars5 Stars
Offering of Investments4.5 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score928399
Winnercheck_circle
ReviewFineco Bank ReviewBDSwiss ReviewIG Review
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Fineco Bank vs BDSwiss Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Fineco Bank vs BDSwiss.

Does Fineco Bank or BDSwiss offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is Fineco Bank or BDSwiss safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Fineco Bank and BDSwiss hold 1 global Tier-1 licenses. BDSwiss holds 1 global Tier-2 licenses, while Fineco Bank holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco Bank earned a higher Trust Score than BDSwiss.

Which trading platform is better: Fineco Bank or BDSwiss?

To compare the trading platforms of both Fineco Bank and BDSwiss, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Fineco Bank provides traders 54 currency pairs (e.g., EUR/USD) compared to BDSwiss's 51 available pairs. Forex pairs aside, BDSwiss offers traders access to 1081 CFDs while Fineco Bank has 126 available CFDs, a difference of 955.

Can I trust Fineco Bank?

Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust BDSwiss?

BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by two tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). BDSwiss is authorised by the following tier-1 regulator: the Financial Conduct Authority (FCA).

Is Fineco Bank good?

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 โ€“ or you are a resident of Italy or the U.K. โ€“ you will not be permitted to open an online account with FinecoBank.

Is BDSwiss good?

The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols โ€“ though its spreads are higher than industry leaders.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

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