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 |
FinecoBank's commission and fee structure presents challenges for traders trying to gauge true costs, as the broker doesn't publish average spread data for forex and CFD trading. The EUR/USD pair is listed with spreads of 1 pip and 0.8 pips, though these figures lack average values or date ranges, making it tricky to ascertain precise pricing. Nonetheless, FinecoBank seems to offer more competitive spreads on its index CFDs. In terms of ranking, FinecoBank is rated 3.5 out of 5 stars and holds the 51st position among 63 brokers in the Commissions and Fees category by ForexBrokers.com.
In contrast, BDSwiss provides clearer insights into its commission and fee structure, although its spreads and fees might not be the most competitive compared to top industry standards. The Classic account features a spread of 1.5 pips on EUR/USD, which is considered on the higher side. For those seeking lower costs, the Raw account offers a spread of 0.3 pips plus a $5 commission per trade, resulting in a total effective spread of 1.3 pips. Meanwhile, the VIP account delivers a spread of 1.2 pips. BDSwiss scores 4 out of 5 stars in the commissions and fees category and is ranked 30th out of 63 brokers by ForexBrokers.com.
Both FinecoBank and BDSwiss offer distinct commission structures that cater to different trading preferences and strategies. While FinecoBank excels with potentially lower spreads on index CFDs, BDSwiss provides transparent cost structures that might appeal to traders who prioritize clarity and straightforward pricing. Understanding these differences can help investors choose the broker that best aligns with their trading goals and financial strategies.
| 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 the investment options offered by FinecoBank and BDSwiss, FinecoBank stands out with an impressive 9,770 tradeable symbols, significantly more than BDSwiss's 1,081. Both platforms provide forex trading as CFDs, with FinecoBank offering 54 forex pairs, just one more than BDSwiss's 53. An advantage FinecoBank holds is access to exchange-traded securities on both U.S. and international markets, allowing clients to purchase shares directly from major exchanges. In contrast, BDSwiss does not offer this service. However, BDSwiss provides the option for copy trading, which may appeal to investors looking to mimic the trades of experienced traders.
While neither broker allows for the direct purchase of actual cryptocurrency, BDSwiss offers cryptocurrency derivatives, whereas FinecoBank does not. In a performance assessment by ForexBrokers.com, FinecoBank is highly ranked at #16 for Range of Investments, reflecting its extensive offerings, while BDSwiss is positioned at #34. With a slightly higher rating of 4.5 stars compared to BDSwiss's 4 stars, FinecoBank is acknowledged for its broader investment resources and flexibility, making it an attractive option for investors seeking diverse market access.
| 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.
When comparing the trading platforms and tools offered by FinecoBank and BDSwiss, both brokers provide proprietary platforms developed in-house, accessible via Windows-based desktop downloads and convenient web-based browsers. However, BDSwiss stands out with its offerings of simulated trading through free virtual demo accounts, allowing traders to hone their skills without financial risk. FinecoBank lacks this feature, making it potentially less appealing for novice traders seeking a risk-free practice environment. Moreover, BDSwiss supports the popular MetaTrader 4 and MetaTrader 5 platforms, essential for traders accustomed to these widely-used standards, which FinecoBank does not offer. The absence of copy trading at FinecoBank contrasts with BDSwiss, where users can automatically mirror the trades of experienced investors.
In terms of tools for charting, BDSwiss provides a richer experience with 15 drawing tools compared to the 7 offered by FinecoBank. This difference may appeal to traders who rely on detailed analysis for their trading strategies. BDSwiss also allows trading directly from stock charts, which can streamline the trading process, something FinecoBank does not provide. Both brokers are similarly rated at four stars for their trading platforms and tools, with FinecoBank ranking slightly higher at #18 compared to BDSwiss at #24 among 63 brokers evaluated by ForexBrokers.com. This subtle difference suggests that while FinecoBank ranks higher, BDSwiss offers a more flexible and feature-rich experience for traders who prioritize a diverse range of trading tools and platforms.
| 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.
For traders seeking versatile mobile trading options, both FinecoBank and BDSwiss cater to iPhone and Android users. These apps allow traders to stay updated with real-time stock and forex alerts directly from their mobile devices. However, a key difference between the two lies in the capability of their charting tools. BDSwiss boasts a more comprehensive set of tools with 30 technical studies and the ability to draw trendlines on charts, making it easier for users to analyze market trends. In contrast, FinecoBank offers only six technical studies and lacks the trendline feature, which might limit advanced chart analysis for some users.
Despite both apps being rated four out of five stars, there are some distinctions in features beyond the technical studies. BDSwiss stands out with its auto-save feature for chart drawings as well as the ability to create watchlists with real-time quotes directly in the app. This capability isn't available with FinecoBank, which might affect traders who rely on these features for efficient market monitoring. Additionally, in ForexBrokers.com's ranking of mobile trading apps, BDSwiss holds a more favorable position at #24 compared to FinecoBank at #42, indicating a slight edge in overall user experience according to industry standards.
| 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 for market research offerings, each platform shines in different areas. FinecoBank distinguishes itself by providing forex news sourced from renowned agencies like Bloomberg and Reuters. Additionally, it features an economic calendar that keeps investors informed about global events. However, FinecoBank doesn't provide daily market commentary or advanced research tools from companies like Autochartist or Trading Central.
On the other hand, BDSwiss excels in providing daily market commentary, which is essential for traders seeking timely insights. Furthermore, BDSwiss integrates powerful research tools from Autochartist and Trading Central to support technical and fundamental analysis. While BDSwiss lacks forex news from top-tier sources, it compensates with an economic calendar similar to FinecoBank's. Both brokers have garnered a 4-star rating for research, with BDSwiss slightly ahead at rank #24 compared to FinecoBank's #33 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.
Comparing the educational resources available to beginners, FinecoBank and BDSwiss each have their strong points, yet they differ significantly in a few areas. FinecoBank offers educational content geared towards beginners, such as a series of videos and a well-stocked investor dictionary. Although FinecoBank provides monthly webinars, it lacks a comprehensive collection of past webinars and an extensive range of forex or CFD-specific educational materials. On the other hand, BDSwiss excels in offering a rich library of educational materials focused on forex and CFDs, including more than ten beginner videos and advanced trading tutorials. Additionally, BDSwiss ensures continuous learning opportunities through its searchable archive of past webinars.
When considering their overall educational offerings, both FinecoBank and BDSwiss achieve a commendable 4-star rating. However, BDSwiss holds a higher position in industry rankings by ForexBrokers.com, coming in at number 19 compared to FinecoBank’s rank of 49. While both brokers cater to beginners with essential resources like webinars and dictionary terms, BDSwiss's richer array of advanced and focused educational content might be more appealing for those seeking an all-encompassing educational experience. Ultimately, beginners may find BDSwiss's more extensive educational library beneficial for a deeper dive into trading basics and strategies.
| 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 63 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
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BDSwiss
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| Overall Rating |
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| Trust Score | 94 | 73 |
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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.
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0 of 5| Overall Rating | FinecoBank | BDSwiss | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | BDSwiss Review |
| Broker Screenshots | FinecoBank | BDSwiss | |
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| 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 | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | BDSwiss Review |
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