Written by ForexBrokers.com
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.
| Overall Rating | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Platform & Tools | |||
| Mobile Trading | |||
| Research | |||
| Education | |||
| Trust Score | 92 | 83 | 99 |
| Winner | check_circle | ||
| Review | Fineco Bank Review | BDSwiss Review | IG Review |
| Regulation | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Trust Score | 92 | 83 | 99 |
| Year Founded | 1999 | 2012 | 1974 |
| Publicly Traded (Listed) | Yes | No | Yes |
| Bank | Yes | No | Yes |
| Tier-1 Licenses | 1 | 1 | 7 |
| Tier-2 Licenses | 0 | 1 | 2 |
| Tier-3 Licenses | 0 | 1 | 1 |
| Authorised in European Union | Yes | Yes | Yes |
| About Regulation | A “Yes” 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 “Yes” 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 “Yes” 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 Bank | BDSwiss | IG |
|---|---|---|---|
| ASIC Authorised (Australia) | No | No | Yes |
| IIROC Authorised (Canada) | No | No | No |
| SFC Authorised (Hong Kong) | No | No | No |
| CBI Authorised (Ireland) | No | No | No |
| FSA Authorised (Japan) | No | No | Yes |
| MAS Authorised (Singapore) | No | No | Yes |
| FINMA Authorised (Switzerland) | No | No | Yes |
| FCA Authorised (U.K.) | Yes | Yes | Yes |
| CFTC Registered (USA) | No | No | Yes |
| FMA Authorised (New Zealand) | No | No | Yes |
| Tier-2 Licenses (Average Trust) | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| CBRC Authorised (China) | No | No | No |
| CySEC Authorised (Cyprus) | No | Yes | No |
| SEBI Authorised (India) | No | No | No |
| ISA Authorised (Israel) | No | No | No |
| CBR Authorised (Russia) | No | No | No |
| FSCA Authorised (South Africa) | No | No | Yes |
| SEC Authorised (Thailand) | No | No | No |
| DFSA / Central Bank Authorised (UAE) | No | No | Yes |
| Tier-3 Licenses (Low Trust) | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| SCB Authorised (Bahamas) | No | No | No |
| IFSC Authorised (Belize) | No | No | No |
| CIMA Authorised (Cayman Islands) | No | No | No |
| BMA Authorised (Bermuda) | No | No | Yes |
| FSC Authorised (British Virgin Islands) | No | No | No |
| FSC Authorised (Mauritius) | No | Yes | No |
| VFSC Authorised (Vanuatu) | No | No | No |
| Investments | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | Yes |
| Tradeable Symbols (Total) | 126 | 1081 | 19537 |
| Forex Pairs (Total) | 54 | 51 | 100 |
| U.S. Stock Trading (Non CFD) | Yes | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | No | Yes |
| Social Trading / Copy Trading | No | Yes | Yes |
| Cryptocurrency (Physical) | No | No | No |
| Cryptocurrency (CFD) | No | Yes | 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). | 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 | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.6 (08/10/22) | 0.86 (September 2022) |
| All-in Cost EUR/USD - Active | N/A | 1.3 (08/10/22) | 0.5957 (September 2022) |
| Active Trader or VIP Discounts | No | Yes | Yes |
| Execution: Agency Broker | No | Yes | Yes |
| Execution: Market Maker | No | No | Yes |
| Funding | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Minimum Initial Deposit | $0 | $100-$5000 (depending on account type) | £250.00 |
| PayPal (Deposit/Withdraw) | No | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes | No |
| Visa/Mastercard (Credit/Debit) | No | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Trading Platforms | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes | Yes |
| Web Platform | Yes | Yes | Yes |
| Social Trading / Copy Trading | No | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes | No |
| cTrader | No | No | No |
| DupliTrade | No | No | No |
| ZuluTrade | No | No | No |
| Trading Tools | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | Yes |
| Alerts - Basic Fields | No | Yes | Yes |
| Watchlists - Total Fields | 7 | 14 | |
| Charting - Indicators / Studies (Total) | 90 | 30 | 33 |
| Charting - Drawing Tools (Total) | N/A | 15 | 20 |
| Charting - Trade From Chart | No | Yes | Yes |
| Charts can be saved | No | Yes | Yes |
| Mobile Trading | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Android App | Yes | Yes | Yes |
| Apple iOS App | Yes | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes | Yes |
| Mobile Watchlist | No | Yes | Yes |
| Watchlist Syncing | No | No | Yes |
| Mobile Charting - Indicators / Studies | N/A | 30 | 33 |
| Mobile Charting - Draw Trendlines | No | Yes | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No | Yes |
| Forex Calendar | No | Yes | Yes |
| Research | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Daily Market Commentary | No | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No | Yes |
| Autochartist | No | Yes | Yes |
| Trading Central (Recognia) | No | No | No |
| Social Sentiment - Currency Pairs | No | No | Yes |
| Economic Calendar | No | Yes | Yes |
| Education | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes | Yes |
| Client Webinars | Yes | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes | Yes |
| Major Forex Pairs | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| GBP/USD | Yes | Yes | Yes |
| USD/JPY | Yes | Yes | Yes |
| EUR/USD | Yes | Yes | Yes |
| USD/CHF | Yes | Yes | Yes |
| USD/CAD | Yes | Yes | Yes |
| NZD/USD | Yes | Yes | Yes |
| AUD/USD | Yes | Yes | Yes |
| Review | Fineco Bank Review | BDSwiss Review | IG Review |
| Overall | Fineco Bank | BDSwiss | IG |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Platform & Tools | |||
| Mobile Trading | |||
| Research | |||
| Education | |||
| Trust Score | 92 | 83 | 99 |
| Winner | check_circle | ||
| Review | Fineco Bank Review | BDSwiss Review | IG Review |
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.
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.
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.
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.
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.
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.
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).
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).
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.
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 – though its spreads are higher than industry leaders.
Overall winner: IG
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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