Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs FXOpen, 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.
When comparing the online brokers BDSwiss and FXOpen, both platforms have their unique strengths and backgrounds. BDSwiss, established in 2012, has a ForexBrokers.com Trust Score of 73, placing it within the average risk category. The broker holds one Tier-1 license, but lacks Tier-2 licenses. Despite BDSwiss not being publicly traded or a bank, it is recognized for its regulatory compliance, staying moderate in terms of trustworthiness.
On the other hand, FXOpen, founded in 2003, slightly outranks BDSwiss with a Trust Score of 76, also considered average risk. FXOpen differentiates itself by holding two Tier-1 licenses, contributing to its greater safety perception among users. Like BDSwiss, FXOpen isn't publicly traded and doesn't operate as a bank. Overall, both brokers offer regulated services, but FXOpen holds a slight edge in terms of trust due to its additional Tier-1 license.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Year Founded | 2012 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
BDSwiss offers competitive order execution, although its spreads are notably higher than the top industry leaders. For its Classic account, BDSwiss charges a spread of 1.5 pips on EUR/USD, which is considered pricey. The Raw account provides a more cost-effective option with a spread of 0.3 pips plus a $5 commission per side, resulting in a total effective spread of 1.3 pips. Meanwhile, the VIP account offers a slightly better rate with a spread of 1.2 pips. BDSwiss has received a rating of 4 out of 5 stars for its commissions and fees and ranks 30th out of 63 brokers on ForexBrokers.com in this category.
Information regarding the average spreads for FXOpen is not available, making it challenging to make a direct comparison based on this metric. Despite the lack of specific data, FXOpen is rated similarly to BDSwiss, with a 4-star rating for its commissions and fees. However, in terms of ranking, FXOpen is positioned at 44th out of 63 brokers according to ForexBrokers.com, indicating a slightly less competitive standing compared to BDSwiss in the commissions and fees category.
In summary, both BDSwiss and FXOpen are considered strong contenders in terms of commissions and fees, each earning 4 stars. However, BDSwiss appears to offer more transparent information on its spreads and holds a higher rank at 30th compared to FXOpen’s 44th position. When choosing between these brokers, it may be beneficial to consider other factors such as account types and trading preferences.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing BDSwiss and FXOpen for their range of investments, BDSwiss offers significantly more options to traders. With 1,081 tradeable symbols, BDSwiss stands out to those seeking a diverse selection, including access to 53 forex pairs. In contrast, FXOpen provides 87 symbols with 25 forex pairs available. Both platforms allow for forex trading as CFDs or spot contracts and offer clients the option to engage in copy trading. While neither broker provides access to exchange traded securities on U.S. or international exchanges, they both offer derivative trading on cryptocurrencies rather than direct ownership.
For investors who prioritize variety, BDSwiss receives a higher rating for its range of investments, with 4 stars compared to FXOpen’s 3 stars. Furthermore, BDSwiss holds a better position, ranking #34 among 63 brokers for its investment range, whereas FXOpen is positioned at #62. This indicates that BDSwiss may be more suitable for traders interested in a broader array of trading opportunities.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 87 |
| Forex Pairs (Total) | 53 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
BDSwiss and FXOpen both offer comprehensive trading platforms that cater to various trader needs. Both brokers provide free virtual demo accounts, which allow traders to practice their strategies without risking real money. BDSwiss sets itself apart with its proprietary platform developed in-house, which complements the widely used MetaTrader 4 and MetaTrader 5 platforms. FXOpen, on the other hand, sticks with industry standards by offering MetaTrader 4 and 5 without a proprietary option but differentiates itself by featuring ZuluTrade for social trading. Both platforms support Windows-based desktop and web-based environments, appealing to traders who require flexibility in their trading interfaces.
Charting capabilities are well-matched between BDSwiss and FXOpen, each offering 15 drawing tools and the functionality to trade directly from stock charts, which is a valuable feature for active traders. Watch lists are similarly equipped with seven columns each, enabling traders to monitor and organize market data effectively. Both brokers are rated 4 stars out of 5 for their trading platforms and tools by ForexBrokers.com. However, BDSwiss holds a higher ranking at #24 compared to FXOpen's #53 among 63 brokers, indicating a stronger overall perception in their platform offerings.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When considering mobile trading apps, both BDSwiss and FXOpen cater to traders with iPhone and Android devices. They each provide essential features like stock and forex price alerts, enabling investors to stay informed on market movements. Both platforms are evenly matched in charting tools, offering 30 technical studies to help traders analyze market trends effectively. Additionally, each app features the ability to draw trendlines on charts and observe multiple time frames, ensuring users have flexibility in how they view market data.
Though similar in many aspects, BDSwiss edges out slightly with its feature that auto-saves drawings on charts, a function FXOpen's app lacks. Both apps allow users to build a watchlist with live quotes, but differences emerge in their ratings and rankings by ForexBrokers.com. Both apps have earned a commendable four-star rating for mobile trading, yet BDSwiss is ranked higher at 24th place compared to FXOpen’s 54th position out of 63 brokers. This suggests that while both platforms have reliable offerings, BDSwiss may provide a slightly enhanced mobile trading experience.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BDSwiss and FXOpen both provide daily market commentary and offer an economic calendar to keep traders informed about global news events. However, when it comes to forex news from top-tier sources such as Bloomberg or Reuters, FXOpen has the edge, offering high-quality insights that BDSwiss does not. On the other hand, BDSwiss shines in technical and fundamental analysis by providing tools from Autochartist and Trading Central, which FXOpen lacks. Despite neither broker offering sentiment-based trading tools or market research from companies like TipRanks and Acuity Trading, BDSwiss still maintains a stronger research offering overall.
In terms of research ratings, BDSwiss stands out with a 4-star rating, compared to FXOpen’s 3 stars, according to industry evaluations. This higher rating is reflected in BDSwiss's rank of 24 out of 63 brokers for research by ForexBrokers.com, whereas FXOpen falls behind at rank 63. The combination of advanced analysis tools and a higher industry ranking makes BDSwiss a preferred choice for traders prioritizing comprehensive market research.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| 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, BDSwiss is well-equipped, providing a comprehensive range of materials to help new traders understand forex and CFDs. BDSwiss offers a wealth of more than 10 educational pieces, including articles, videos, and archived webinars. They also organize monthly online educational webinars, which are accessible to their clients. Furthermore, BDSwiss maintains a searchable archive of recorded webinars, ensuring that newcomers can catch up on past sessions at their convenience. The platform also has a rich selection of over 10 beginner-focused educational videos. For those looking to deepen their expertise, BDSwiss offers more than 10 advanced videos for experienced traders. In addition, BDSwiss provides an investor dictionary with definitions of more than 50 investing terms, further enhancing their educational offerings.
On the other hand, FXOpen falls short in comparison. While they do provide an investor dictionary similar to BDSwiss, they lack the same depth in educational content for beginners. FXOpen does not offer a minimum of 10 dedicated educational pieces focused on forex or CFDs. Moreover, they do not conduct regular online client webinars, nor do they have a searchable archive of past sessions. The absence of at least 10 beginner and advanced educational videos further widens the gap between the two brokers in terms of educational support. When assessed by ForexBrokers.com, BDSwiss earns an education rating of 4 out of 5 stars and ranks 19th out of 63 brokers, while FXOpen is rated at 3 stars and lags behind at 58th place. This comparison indicates that BDSwiss stands out as a more supportive choice for beginner traders seeking educational resources.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 BDSwiss is better than FXOpen. BDSwiss finished with an overall rank of #36, while FXOpen finished with an overall rank of #54.
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.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 76 |
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Both BDSwiss and FXOpen do not provide the option to purchase actual cryptocurrencies, offering only cryptocurrency derivatives for trading instead.
In comparing online brokers BDSwiss and FXOpen, both offer effective deposit and withdrawal options such as Skrill, Visa or Mastercard, and bank wires, with BDSwiss further providing ACH and SEPA transfers, whereas neither broker supports PayPal transactions.
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 | BDSwiss | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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| Regulation | BDSwiss | FXOpen | |
|---|---|---|---|
| Trust Score | 73 | 76 | |
| Year Founded | 2012 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | BDSwiss | FXOpen | |
|---|---|---|---|
| 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 | BDSwiss | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 87 | |
| Forex Pairs (Total) | 53 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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). |
| Cost | BDSwiss | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | BDSwiss | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | BDSwiss | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BDSwiss | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BDSwiss | FXOpen | |
|---|---|---|---|
| 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 | BDSwiss Review |
| Overall | BDSwiss | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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