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FXCM vs BDSwiss 2022

ForexBrokers.com

Written by ForexBrokers.com

Published July 15, 2022
Last modified August 25, 2022

Is FXCM better than BDSwiss? In our analysis of 23 international regulators across 39 brokers, FXCM is considered low-risk, with an overall Trust Score of 96 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 Rating expand_moreexpand_less FXCM BDSwiss
Overall Rating starstarstarstarstar_border starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Offering of Investments starstarstarstarstar_border starstarstarstarstar_border
Platform & Tools starstarstarstarstar_border starstarstarstarstar_border
Mobile Trading starstarstarstarstar_border starstarstarstarstar_border
Research starstarstarstarstar_border starstarstarstarstar_border
Education starstarstarstarstar_border starstarstarstarstar_border
Trust Score 96 83
Winner check_circle
Review FXCM Review BDSwiss Review
Regulation expand_moreexpand_less FXCM BDSwiss
Trust Score 96 83
Year Founded 1999 2012
Publicly Traded (Listed) Yes No
Bank No No
Tier-1 Licenses 3 1
Tier-2 Licenses 3 1
Tier-3 Licenses 0 1
Authorised in European Union Yes Yes
Tier-1 Licenses (High Trust) expand_moreexpand_less FXCM BDSwiss
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) Yes No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust) expand_moreexpand_less FXCM BDSwiss
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
NSE Authorised (India) No No
ISA Authorised (Israel) Yes No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust) expand_moreexpand_less FXCM BDSwiss
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No Yes
VFSC Authorised (Vanuatu) No No
Investments expand_moreexpand_less FXCM BDSwiss
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 276 1081
Forex Pairs (Total) 42 51
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
Cost expand_moreexpand_less FXCM BDSwiss
Average Spread EUR/USD - Standard 1.4 (Q2 2020) 1.6 (08/10/22)
All-in Cost EUR/USD - Active 1.1 (Q2 2020) 1.3 (08/10/22)
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes No
Funding expand_moreexpand_less FXCM BDSwiss
Minimum Initial Deposit Starts from $50 $100-$5000 (depending on account type)
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Trading Platforms expand_moreexpand_less FXCM BDSwiss
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No Yes
cTrader No No
DupliTrade No No
ZuluTrade Yes No
Trading Tools expand_moreexpand_less FXCM BDSwiss
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 12 7
Charting - Indicators / Studies (Total) 57 30
Charting - Drawing Tools (Total) 26 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile Trading expand_moreexpand_less FXCM BDSwiss
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 59 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
Research expand_moreexpand_less FXCM BDSwiss
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist Yes Yes
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
Education expand_moreexpand_less FXCM BDSwiss
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes Yes
Major Forex Pairs expand_moreexpand_less FXCM 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 FXCM Review BDSwiss Review
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FXCM 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 FXCM vs BDSwiss.

Does FXCM 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, FXCM offers better pricing overall for traders.

Is FXCM 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. FXCM holds 3 global Tier-1 licenses, while BDSwiss holds 1. FXCM holds 3 global Tier-2 licenses, while BDSwiss holds 1. In our analysis of 23 international regulators across 50 brokers, FXCM earned a higher Trust Score than BDSwiss.

Which trading platform is better: FXCM or BDSwiss?

To compare the trading platforms of both FXCM and BDSwiss, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, FXCM offers superior market research. Finally, we found FXCM 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. Both FXCM and BDSwiss offer MetaTrader 4 (MT4).FXCM and BDSwiss both offer copy trading.

How many forex pairs and CFDs are available to trade?

BDSwiss provides traders 51 currency pairs (e.g., EUR/USD) compared to FXCM's 42 available pairs. Forex pairs aside, BDSwiss offers traders access to 1081 CFDs while FXCM has 276 available CFDs, a difference of 805.

Can I trust FXCM?

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust BDSwiss?

BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by one 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 FXCM good?

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

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 – though its spreads are higher than industry leaders.

Overall winner: FXCM

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