Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs IronFX, 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 IronFX are two online brokers established in the early 2010s, with BDSwiss founded in 2012 and IronFX in 2010. Neither broker is publicly traded or operates as a bank. When it comes to trust, BDSwiss holds a ForexBrokers.com Trust Score of 73, suggesting it is viewed as an average risk. In contrast, IronFX, with a Trust Score of 83, is considered more trustworthy. This higher rating is backed by IronFX’s possession of three Tier-1 licenses, while BDSwiss holds one such license.
The regulatory landscape further highlights IronFX's standing, as Tier-1 licenses are a mark of high trust among brokers. Both BDSwiss and IronFX do not hold any Tier-2 licenses, typically indicative of trusted entities. For investors evaluating their options, these ratings and licenses provide a key insight into the operational credibility and safety associated with each broker.
| Feature |
BDSwiss
|
IronFX
|
|---|---|---|
| Year Founded | 2012 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
BDSwiss and IronFX are both reputable brokers, but they have distinct differences when it comes to commissions and fees. BDSwiss is noted for its good order execution statistics; however, its spreads are higher than some industry leaders. For example, the Classic account has a spread of 1.5 pips on EUR/USD, which is considered expensive. The Raw account offers a spread of 0.3 pips with a $5 commission per side, resulting in an effective spread of 1.3 pips. Their VIP account is slightly more competitive with a spread of 1.2 pips. BDSwiss holds a 4-star rating for commissions and fees and is ranked #30 out of 63 brokers by ForexBrokers.com.
In comparison, IronFX has more room for improvement in its pricing, as its spreads tend to be higher than the industry average. The Standard variable spread account lists a typical spread of 1.8 pips, although this can vary depending on the account type. The zero fixed-spread account starts at zero but includes an $18 per lot commission, and spreads can widen to 3 pips overnight. Despite this, IronFX also receives a 4-star rating for commissions and fees, though it ranks #46 among 63 brokers, according to ForexBrokers.com.
| Feature |
BDSwiss
|
IronFX
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $50 |
| Average Spread EUR/USD - Standard | 1.6 | 1.2 |
| 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 the investment opportunities offered by BDSwiss and IronFX, both brokers enable forex trading through CFDs or spot contracts. BDSwiss stands out with a wider selection of tradeable symbols, offering 1,081 compared to IronFX's 340. However, IronFX surpasses BDSwiss in the number of tradeable forex pairs, providing 83 options, while BDSwiss offers 53. Neither broker allows clients to buy exchange-traded securities on either U.S. or international exchanges, so investing directly in stocks like Apple or Vodafone isn't possible through these platforms.
Both BDSwiss and IronFX offer cryptocurrency derivatives, enabling clients to participate in crypto markets without directly purchasing the digital assets. Additionally, both brokers provide copy trading, allowing investors to mimic the trades of successful traders. According to ForexBrokers.com, BDSwiss earns a 4-star rating for its range of investments, ranking 34th out of 63 brokers. IronFX, rated 3.5 stars, ranks 51st in the same category, highlighting BDSwiss’s broader investment offerings.
| Feature |
BDSwiss
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 340 |
| Forex Pairs (Total) | 53 | 83 |
| 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). | 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 BDSwiss and IronFX, both brokers support popular platforms like MetaTrader 4 (MT4) and have web-based, as well as Windows-based desktop platforms. However, BDSwiss takes it a step further by providing a proprietary trading platform and MetaTrader 5 (MT5), which IronFX does not offer. Both brokers allow simulated trading through a free virtual demo account, making it easy for newcomers to get started without financial risk. For those interested in copy trading, both platforms support this feature. While neither broker offers DupliTrade or ZuluTrade, BDSwiss and IronFX provide ample options for charting with 15 drawing tools and the ability to execute trades directly from stock charts.
In terms of personalization, both brokers cater to individual preferences by allowing traders to customize watch lists with seven columns. Yet, BDSwiss has a slight edge with a higher rating of 4 stars for trading platforms and tools, compared to IronFX's 3.5 stars, according to ForexBrokers.com. This slight advantage is reflected in their rankings, with BDSwiss positioned at #24, while IronFX is further down at #61 out of 63 brokers. Overall, both platforms offer solid trading capabilities, but BDSwiss seems to provide additional features and a more tailored experience for its users.
| Feature |
BDSwiss
|
IronFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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 comparing the mobile trading apps of BDSwiss and IronFX, both brokers provide strong features for iPhone and Android users. Each app offers essential functionalities like stock and forex price alerts along with technical capabilities such as the ability to draw trendlines and view multiple time frames on charts. BDSwiss and IronFX both supply 30 technical studies for mobile charting, catering to those who rely on technical analysis. Users can also enjoy real-time quotes within customizable watchlists, although neither platform supports syncing watchlists between the app and online accounts.
Despite their similarities, there are distinctions in user ratings and rankings. BDSwiss garners a 4-star rating for its mobile app, ranking 24th out of 63 brokers assessed by ForexBrokers.com. IronFX trails slightly with a 3.5-star rating, positioned at 62nd place. These evaluations suggest a smoother user experience and higher satisfaction with BDSwiss’s mobile platform compared to IronFX, which might influence the decision-making of traders seeking a reliable and well-regarded app for their trading activities.
| Feature |
BDSwiss
|
IronFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When considering market research offerings, both BDSwiss and IronFX provide daily market commentary and maintain an economic calendar to keep traders informed of global events. However, there are notable differences in their tools and services. BDSwiss leverages tools such as Autochartist and Trading Central to enhance technical and fundamental analysis, providing traders with in-depth insights. IronFX, while also including Trading Central's technical analytics, lacks offerings from Autochartist, potentially limiting the range of analytical options available to traders. Moreover, IronFX excels in providing forex news from top-tier sources like Bloomberg and Reuters, which BDSwiss does not cover.
While neither platform provides sentiment-based trading tools or market research from TipRanks or Acuity Trading, they both hold a solid reputation for research, each earning a 4-star rating from ForexBrokers.com. In terms of rankings among 63 brokers, BDSwiss holds a slight edge, positioned at number 24 compared to IronFX's 28. These factors make BDSwiss suitable for traders prioritizing technical analysis tools, whereas IronFX may appeal more to those valuing access to high-quality financial news.
| Feature |
BDSwiss
|
IronFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | 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.
BDSwiss and IronFX both offer educational resources for forex and CFD trading, each providing a variety of articles, videos, and archived webinars, making them great options for learners. BDSwiss stands out with its monthly online educational webinars and a comprehensive archive for those sessions, allowing beginners to gain more insights from live interactions. IronFX lacks this monthly webinar feature, potentially limiting the variety of live learning opportunities available to users. However, both platforms offer a well-stocked database of more than 10 beginner educational videos, helping newcomers absorb essential trading concepts at their own pace.
For those seeking advanced knowledge, BDSwiss provides over 10 video tutorials aimed at experienced traders, something IronFX doesn't match. Both BDSwiss and IronFX offer investor dictionaries boasting over 50 terms, boosting understanding of trading jargon. Despite both having a solid 4-star educational rating, BDSwiss surpasses IronFX in the Education category ranking by ForexBrokers.com, holding the 19th position out of 63 brokers, while IronFX is placed at 44th. This indicates a generally more favorable view towards BDSwiss's educational offerings among brokerage evaluations.
| Feature |
BDSwiss
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 IronFX. BDSwiss finished with an overall rank of #36, while IronFX finished with an overall rank of #48.
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
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IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 83 |
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Both BDSwiss and IronFX do not provide the option to purchase actual (delivered) cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives.
When comparing online brokers BDSwiss and IronFX, both offer Skrill, Visa or Mastercard, and bank wire options for depositing or withdrawing funds, whereas only BDSwiss provides ACH or SEPA transfers, and 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 | IronFX | |
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| Trust Score | 73 | 83 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
| Broker Screenshots | BDSwiss | IronFX | |
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| Regulation | BDSwiss | IronFX | |
|---|---|---|---|
| Trust Score | 73 | 83 | |
| Year Founded | 2012 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 340 | |
| Forex Pairs (Total) | 53 | 83 | |
| 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). | 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 | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | IronFX | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $50 | |
| 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 | IronFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | IronFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| 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 | BDSwiss | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 73 | 83 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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