Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs iFOREX, 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.
BDSwiss and iFOREX are online brokers with years of experience, having been founded in 2012 and 1996 respectively. Neither of them is publicly traded or operates as a bank. In terms of regulation, both BDSwiss and iFOREX hold one Tier-1 license, suggesting a high level of trustworthiness. However, neither broker has any Tier-2 licenses.
When it comes to their overall trust ratings, BDSwiss holds a Trust Score of 73, denoting an average risk according to ForexBrokers.com metrics. iFOREX has a slightly higher Trust Score of 75, but it also falls under the average risk category. With these factors in mind, both brokers appear to offer a similar level of trust in the online trading landscape.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Year Founded | 2012 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, BDSwiss and iFOREX offer different experiences. BDSwiss stands out with good order execution statistics, although its spreads are noticeably higher than some industry leaders. The Classic account at BDSwiss offers a spread of 1.5 pips on EUR/USD, which is considered expensive. However, the Raw account offers a lower spread of 0.3 pips plus a $5 commission per side, resulting in an effective spread of 1.3. The VIP account provides a slightly more competitive spread of 1.2 pips.
In contrast, iFOREX does not provide average spread data, making it challenging for traders to gauge potential costs upfront. This lack of transparency could be a drawback for those prioritizing budget clarity in their trading activities. Furthermore, iFOREX has a lower rating and ranking for commissions and fees.
According to ForexBrokers.com, BDSwiss earns a commendable 4-star rating for its commissions and fees, ranking 30th out of 63 brokers. Meanwhile, iFOREX receives a 3-star rating in the same category and ranks 61st, suggesting traders might find more value with BDSwiss in terms of costs.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 choosing between online brokers BDSwiss and iFOREX, it's important to consider their respective ranges of investment options. Both platforms offer forex trading as Contracts for Difference (CFDs), allowing you to capitalize on forex market movements without owning the actual currency. BDSwiss provides a striking 1,081 tradeable symbols, whereas iFOREX offers 750. If you're focused on forex pairs, iFOREX might be more appealing with 88 pairs compared to BDSwiss's 53. However, neither broker provides access to exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares.
In terms of additional features, BDSwiss stands out with copy trading, enabling users to mirror successful trading strategies of others, a feature absent from iFOREX. Both brokers permit trading in cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies. Customer ratings also reflect these differences, with BDSwiss attaining a 4-star rating for its range of investments, compared to iFOREX's 3.5 stars. Rankings on ForexBrokers.com place BDSwiss at #34 out of 63 brokers, ahead of iFOREX, which comes in at #41. These aspects can guide your decision based on which features and trading options align best with your investment goals.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 750 |
| Forex Pairs (Total) | 53 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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). | 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 iFOREX each provide their own unique trading platforms with a variety of tools suited for different types of traders. BDSwiss offers a proprietary platform which can be accessed as a desktop download for Windows users or via a web-based interface. Notably, BDSwiss also supports popular third-party platforms, MetaTrader 4 and 5, which are known for their wide array of technical indicators and comprehensive charting features. Additionally, BDSwiss provides a free demo account that lets traders practice with virtual money before diving into the actual market. The platform also supports copy trading, allowing users to replicate strategies from successful traders.
In contrast, iFOREX also features its own proprietary platform, but it is only available as a web-based interface, lacking a downloadable desktop version. Unlike BDSwiss, iFOREX does not offer a demo account or support for MetaTrader platforms, and it does not provide copy trading capabilities. However, iFOREX offers an extensive suite of drawing tools with 25 options for charting, giving users the resources to perform detailed technical analysis. While both brokers enable trading directly from charts, iFOREX's watch lists can display more details with nine columns, compared to seven provided by BDSwiss. Despite offering different strengths, both BDSwiss and iFOREX receive an identical rating of four stars for their trading platforms and tools, though BDSwiss is ranked higher at #24 compared to iFOREX's #54 among 63 brokers on ForexBrokers.com.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both BDSwiss and iFOREX cater to iPhone and Android users, ensuring accessibility across popular devices. However, digging deeper into features, BDSwiss stands out with its stock and forex price alerts and a comprehensive suite of 30 technical studies for charting. Traders will appreciate the ability to draw trendlines and view multiple time frames, along with the convenience of auto-saving chart drawings within the BDSwiss mobile app. While both brokers allow for watchlist creation, BDSwiss goes further by offering real-time quotes in its lists, enhancing a trader's ability to stay informed on the go.
Despite both receiving a 4-star rating for their mobile trading apps, BDSwiss earns higher recognition in the ForexBrokers.com rankings, securing the 24th spot out of 63 brokers, whereas iFOREX holds the 55th position. This disparity highlights BDSwiss's more extensive features and user-friendly functionalities, making it a more appealing choice for traders seeking a dynamic mobile trading experience. While iFOREX provides some foundational app capabilities, BDSwiss seems to offer a richer set of tools tailored for active traders who value both functionality and insight.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing BDSwiss and iFOREX in terms of market research offerings, both platforms provide daily market commentary, which can help traders stay updated with ongoing market trends. However, BDSwiss takes a slight lead by offering advanced technical analysis tools from Autochartist alongside Trading Central solutions, enhancing the research experience for its users. On the other hand, iFOREX provides technical analysis tools through Trading Central as well, and adds value with a sentiment-based trading tool that helps users understand the market's direction with insights into long or short positions.
Both brokers maintain economic calendars to keep traders informed about forthcoming global events, aiding in strategic planning. Despite these similar offerings, the two firms differ in their research ratings; BDSwiss earns a commendable four out of five stars for research, whereas iFOREX trails closely with a 3.5-star rating. This slight difference is reflected in their rankings by ForexBrokers.com, where BDSwiss is positioned at 24th out of 63 brokers, while iFOREX stands at 48th, showcasing BDSwiss's stronger reputation in the research category.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available at BDSwiss and iFOREX, beginners will find that BDSwiss clearly sets itself apart. BDSwiss offers a comprehensive suite of educational materials specific to forex or CFDs trading, including over ten articles, videos, and archived webinars that cater to beginners and advanced traders alike. In addition, BDSwiss holds regular online educational webinars and provides convenient access to a searchable archive of past webinars. Their dedication to education is further exhibited through a well-stocked investor dictionary containing over 50 investing term definitions, which is a valuable tool for anyone looking to deepen their investment knowledge.
On the other hand, iFOREX does provide some resources tailored to beginners, such as educational videos that demystify trading topics. However, it falls short in several areas compared to BDSwiss. iFOREX does not offer an extensive collection of educational pieces focused on forex or CFDs nor does it provide regular educational webinars or a searchable archive of past webinars. Additionally, iFOREX lacks an investor dictionary that could serve as a handy reference for new investors. With a rating of 4 stars compared to iFOREX's 3.5, and a ranking of 19th against iFOREX's 53rd out of 63 brokers on ForexBrokers.com, BDSwiss emerges as the more educationally equipped platform for beginners eager to learn the ropes of trading.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. BDSwiss finished with an overall rank of #36, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
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| Trust Score | 73 | 75 |
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Both BDSwiss and iFOREX do not provide the option to purchase actual (delivered) cryptocurrencies, but they do offer cryptocurrency derivatives for trading.
When comparing online brokers BDSwiss and iFOREX, BDSwiss supports ACH or SEPA transfers but not PayPal, whereas iFOREX does not support ACH or SEPA transfers but does offer PayPal; both brokers accept Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals.
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 | iFOREX | |
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| Trust Score | 73 | 75 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
| Broker Screenshots | BDSwiss | iFOREX | |
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| Regulation | BDSwiss | iFOREX | |
|---|---|---|---|
| Trust Score | 73 | 75 | |
| Year Founded | 2012 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 750 | |
| Forex Pairs (Total) | 53 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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). | 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 | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | BDSwiss | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | BDSwiss | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BDSwiss | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 73 | 75 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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