Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs TopFX, 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.
Founded in 2012, BDSwiss is an online broker that holds one Tier-1 license, which ForexBrokers.com considers highly trusted. Despite not being a publicly traded company or a bank, it has managed to earn a Trust Score rating of 73 out of 99, placing it in the average risk category. This score implies a moderate level of trust when compared to other brokers in the industry.
TopFX, established in 2010, likewise has one Tier-1 license but no Tier-2 licenses, similar to BDSwiss. Not publicly traded and not a bank, TopFX has a slightly lower Trust Score of 67, placing it in the high-risk category. This indicates a lower level of trust compared to BDSwiss, according to ratings on ForexBrokers.com. While both brokers share some similarities in their foundational structures, their trust ratings suggest differing risk levels for potential users.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Year Founded | 2012 | 2010 |
| 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 |
BDSwiss and TopFX are both notable online brokers, but they have differences in their commissions and fees structures that could affect traders' choices. BDSwiss has several account options, but its Classic account's spread of 1.5 pips on the EUR/USD is considered relatively high. The Raw account offers a more appealing option with a 0.3 pip spread plus a $5 commission per side, leading to an effective spread of 1.3 pips. For those seeking even tighter spreads, the VIP account stands at 1.2 pips. BDSwiss earns a 4-star rating for commissions and fees and is ranked #30 out of 63 brokers on ForexBrokers.com for this category.
In contrast, TopFX provides traders with two types of accounts that cater to different trading preferences. The ZERO account is spread-only and is commission-free, but it does have higher spreads, with an average of 1.03 pips on the EUR/USD as of July 2024. Meanwhile, the RAW account requires a commission of 2.75 EUR per side (totalling 5.50 EUR for a round turn), and it offers an average spread of 0.33 pips for the EUR/USD. This setup results in an all-in cost of approximately 0.88 pips, aligning well with industry standards. TopFX also receives a commendable 4-star rating for its commissions and fees and holds the #40 position in the ForexBrokers.com ranking.
Ultimately, both BDSwiss and TopFX offer competitive offerings, each with their unique advantages. BDSwiss may appeal more to those preferring slightly higher spreads with straightforward offerings, while TopFX might attract traders looking for lower all-in costs through its RAW account, despite its commission charges. Evaluating which broker offers the most favorable terms for your trading strategy can help in making an informed decision.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Minimum Deposit | $10-$5000 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.6 | 1.03 |
| All-in Cost EUR/USD - Active | 1.3 | 0.88 |
| 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 it comes to the variety of investment options, BDSwiss and TopFX both provide investors with a comprehensive selection, but with notable differences. BDSwiss stands out by offering 1,081 tradeable symbols, significantly more than TopFX's 655. In terms of forex pairs, TopFX slightly leads with 60 pairs compared to BDSwiss's 53. Both platforms facilitate forex trading as CFDs, but neither provides access to exchange-traded securities on U.S. or international exchanges, which limits opportunities for those looking to directly invest in stocks like Apple or Vodafone.
For traders interested in cryptocurrencies, both BDSwiss and TopFX offer cryptocurrency derivatives, though neither provides the option to purchase the actual digital currencies. Additionally, both platforms support copy trading, appealing to those who prefer to mirror the trades of experienced investors. When evaluated by ForexBrokers.com, BDSwiss received a rating of 4 stars for its range of investments, ranking #34 out of 63 brokers, whereas TopFX garnered a slightly lower rating of 3.5 stars, securing the #46 spot. Overall, BDSwiss offers a larger selection of tradeable symbols, which may attract investors looking for a broad array of choices.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 655 |
| Forex Pairs (Total) | 53 | 60 |
| 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.
Both BDSwiss and TopFX provide traders with the necessary tools and platforms for a complete trading experience. Each company offers a simulated trading option with a free virtual demo account, allowing new and experienced traders to test strategies without financial risk. BDSwiss shines with its proprietary platform developed in-house, ensuring unique features tailored to their clientele, whereas TopFX relies on third-party platforms. Both brokers provide access to popular options like MetaTrader 4 (MT4), but BDSwiss goes a step further by also offering MetaTrader 5 (MT5), a newer and more advanced platform. Both BDSwiss and TopFX offer downloadable Windows-based platforms and web-based trading options, giving flexibility in how trades are accessed and executed.
Copy trading is an option with both BDSwiss and TopFX, catering to traders interested in mirroring strategies of experienced investors. Charting tools are well-presented by both brokers, with each offering 15 drawing tools to assist in technical analysis and seven customizable fields for watchlists, making it easier to monitor trading opportunities. Furthermore, both allow trading directly from stock charts, reflecting a focus on convenience and usability. Despite these similarities, BDSwiss takes a lead in rankings, placing #24 in ForexBrokers.com's list for Trading Platforms and Tools, compared to TopFX's position at #45. Both brokers have earned a respectable four-star rating in this category, highlighting their commitment to providing quality trading platforms and tools.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| 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 it comes to mobile trading apps, both BDSwiss and TopFX cater to users by offering iPhone and Android apps equipped with essential trading features. BDSwiss and TopFX provide stock and forex price alerts, ensuring that traders stay informed about market movements. While both brokers support drawing trendlines on charts and allow users to access multiple time frames, they also offer auto-saving for drawings and the creation of watchlists with real-time quotes. Moreover, each broker's app supports 30 technical studies for detailed analysis. However, neither BDSwiss nor TopFX offers the convenience of watchlist symbol syncing across devices.
Despite having similar features, the two brokers diverge in their recognition for mobile trading excellence. BDSwiss shines slightly brighter, earning a ranking of #24 out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, whereas TopFX is ranked #51. Each app captures a decent user satisfaction level, garnering 4-star ratings for their mobile functionality. This comparison highlights that while both apps are reliable options for mobile trading, BDSwiss has a slight edge in industry ranking.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| 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 comparing the market research offerings of online brokers BDSwiss and TopFX, each has its unique strengths. BDSwiss excels with daily market commentary and a highly-rated research experience, earning four out of five stars and a respectable ranking of 24th out of 63 brokers. It provides essential tools like Autochartist and Trading Central for technical analysis, and supports traders with an economic calendar for global events. However, it lacks forex news from top-tier sources and sentiment-based trading tools, which could be pivotal for some traders.
TopFX, on the other hand, stands out by providing forex news from reliable sources such as Bloomberg and Reuters, which can be a significant advantage for traders relying on current events. Additionally, TopFX offers sentiment-based trading tools and similar technical analysis resources as BDSwiss, like Autochartist and Trading Central. Despite these features, TopFX’s research offerings are rated lower at three stars and ranked 60th, suggesting room for improvement compared to BDSwiss’s higher overall research ranking.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| 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 offered by BDSwiss and TopFX for those new to forex or CFDs, BDSwiss clearly stands out. BDSwiss provides a comprehensive educational experience with more than 10 educational pieces that include articles, videos, and archived webinars focused on forex or CFDs. They also host at least one educational webinar monthly and maintain a searchable archive of past sessions. Beginners will find BDSwiss an inviting platform, as it offers over 10 videos designed specifically for newcomers, helping them grasp the basics. Additionally, BDSwiss extends its educational offerings to advanced traders with more than 10 in-depth videos for seasoned investors. Completing their rich educational suite is an investor dictionary featuring over 50 crucial investing terms.
In contrast, TopFX falls short in catering to beginners seeking educational advancement. Unlike BDSwiss, TopFX does not provide the same depth and variety of educational materials focused on forex or CFDs, nor do they offer regular educational webinars or a searchable archive of past sessions. Their educational resources lack beginner-focused or advanced trading videos, and they do not offer an investor dictionary with comprehensive definitions. The disparity in educational support is further highlighted by their ratings, where BDSwiss scores 4 stars in education compared to TopFX’s 3 stars. Rankings by ForexBrokers.com showcase BDSwiss at position 19 out of 63 brokers for education, significantly ahead of TopFX, which ranks at 61.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| 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 | 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 TopFX. BDSwiss finished with an overall rank of #36, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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Both BDSwiss and TopFX do not provide the option to purchase and deliver actual cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives.
When comparing online brokers BDSwiss and TopFX, BDSwiss supports ACH or SEPA transfers while TopFX does not, TopFX offers PayPal which BDSwiss lacks, and both brokers provide options for Skrill, Visa or Mastercard, and bank wires for depositing or withdrawing account funds.
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 | TopFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | TopFX Review |
| Broker Screenshots | BDSwiss | TopFX | |
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| Regulation | BDSwiss | TopFX | |
|---|---|---|---|
| Trust Score | 73 | 67 | |
| 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 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | TopFX | |
|---|---|---|---|
| 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 | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 655 | |
| Forex Pairs (Total) | 53 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.03 | |
| All-in Cost EUR/USD - Active | 1.3 | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | TopFX | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | BDSwiss | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | BDSwiss | TopFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | TopFX Review |
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