BDSwiss vs OctaFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare BDSwiss vs OctaFX.
Does BDSwiss or OctaFX 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, OctaFX offers better pricing overall for traders.
Is BDSwiss or OctaFX 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. BDSwiss holds 3 global Tier-1 licenses, while OctaFX holds 1. OctaFX holds 1 global Tier-2 licenses, while BDSwiss holds 0. In our analysis of 23 international regulators across 50 brokers, BDSwiss (81) earned a higher Trust Score than OctaFX (70).
Which trading platform is better: BDSwiss or OctaFX?
To compare the trading platforms of both BDSwiss and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, BDSwiss offers a better experience. With research, BDSwiss offers superior market research. Finally, we found BDSwiss 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 BDSwiss and OctaFX offer MetaTrader 4 (MT4).BDSwiss and OctaFX 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 OctaFX's 40 available pairs. Forex pairs aside, BDSwiss offers traders access to 1081 CFDs while OctaFX has 229 available CFDs, a difference of 852.
Can I trust BDSwiss?
BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). BDSwiss is authorised by the following Tier-1 regulators: the Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and the European Union via MiFID.
Can I trust OctaFX?
OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by one Tier-1 regulator (high trust), one Tier-2 regulator (average trust), zero Tier-3 regulators (low trust), and zero Tier-4 regulators (High Risk). OctaFX is authorised by the following tier-1 regulators: European Union via MiFID.
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.
Is OctaFX good?
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Overall winner: BDSwiss
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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.