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 both earn 4 out of 5 stars for commissions and fees. In ForexBrokers.com’s 2024 category rankings, BDSwiss sits at #31 of 63 brokers, while TopFX is #41 of 63. On EUR/USD, TopFX’s RAW account delivers lower all-in costs (about 0.88 pips) than BDSwiss’s Raw account (about 1.3 pips). For spread-only pricing, TopFX’s ZERO account averages 1.03 pips, which is tighter than BDSwiss’s Classic account at 1.5 pips and slightly lower than BDSwiss’s VIP at 1.2 pips.
BDSwiss shows good order execution stats, but its spreads are on the high side unless you step up to the VIP or Raw tiers. Pricing highlights: Classic account at 1.5 pips on EUR/USD, VIP at 1.2 pips, and the Raw account at 0.3 pips plus a $5 commission per side, bringing the effective cost to about 1.3 pips.
TopFX offers two structures across MetaTrader and cTrader: the ZERO (spread-only) and the RAW (commission-based). The RAW account charges 2.75 EUR per side (5.50 EUR round turn). In July 2024, the RAW account’s average EUR/USD spread was 0.33 pips; adding the commission (about 0.55 pips per round turn) put the all-in cost near 0.88 pips—around the industry average. The ZERO account is commission-free with an average 1.03-pip spread on EUR/USD for July 2024.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Minimum Deposit | $10-$5000 | Depends on payment method |
| Average spread (EUR/USD) - Standard account | 1.6 | 1.03 |
| All-in Cost EUR/USD - Active | 1.3 | 0.88 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
BDSwiss and TopFX both support forex trading as CFDs or spot contracts. BDSwiss lists 1,081 tradeable symbols, giving it the edge in overall variety, while TopFX offers 655. For currency traders, TopFX provides 60 forex pairs compared with 53 at BDSwiss.
Neither broker offers exchange-traded shares on U.S. or international exchanges, and neither lets you buy actual cryptocurrency; both do offer crypto CFDs. Copy trading is available at both. For range of investments, ForexBrokers.com rates BDSwiss at 4 stars (ranked #35 of 63) and TopFX at 3.5 stars (ranked #47 of 63). Choose BDSwiss if you want more total symbols, or TopFX if you prefer a slightly larger selection of forex pairs.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 655 |
| Forex Pairs (Total) | 53 | 60 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 TopFX both make it easy to get started with a free demo (paper trading) account, plus copy trading for mirroring other traders. Each broker offers a web platform and a Windows desktop download, along with MetaTrader 4 (MT4). You can place trades directly from charts with both, which is handy for timing entries and exits.
Key differences: BDSwiss adds a proprietary, in‑house platform and supports MetaTrader 5 (MT5), while TopFX does not offer its own platform and does not support MT5. The exact number of built‑in technical indicators and watchlist columns isn’t specified for either broker. For Trading Platforms and Tools, both are rated 4 out of 5 stars, yet BDSwiss ranks #24 out of 63 brokers at ForexBrokers.com compared with TopFX at #46—useful context if you want more platform variety, including MT5 and a proprietary option.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BDSwiss and TopFX both offer full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, 30 technical studies for charting, the ability to draw trendlines, and auto-saving of chart drawings. One shared limitation is watchlist symbol syncing: changes made on mobile do not sync with the online account for either broker.
In terms of scores, both apps earn 4 out of 5 stars for Mobile Trading Apps. However, their industry rankings differ: out of 63 brokers reviewed by ForexBrokers.com, BDSwiss is ranked #24 while TopFX sits at #52. If you want similar tools across iOS and Android with price alerts and solid charting, both are competitive; if third-party rankings influence your choice, BDSwiss has the edge.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BDSwiss and TopFX take different paths with their market research. BDSwiss provides daily market commentary and includes popular tools from Autochartist and Trading Central, plus an economic calendar. It does not offer premium news feeds from sources like Bloomberg or Reuters, and it lacks a sentiment tool. BDSwiss does not integrate TipRanks or Acuity Trading. By contrast, TopFX skips daily commentary but supplies premium forex news from top sources, includes both Autochartist and Trading Central, and adds a sentiment tool showing long/short ratios alongside an economic calendar. TopFX’s use of TipRanks or Acuity Trading isn’t specified.
In ratings, BDSwiss earns 4 out of 5 stars for Research and ranks #24 of 63 brokers at ForexBrokers.com, while TopFX scores 3 out of 5 stars and ranks #61 of 63. Choose BDSwiss if you want daily insights paired with well-known analysis tools; pick TopFX if premium news coverage and sentiment data are higher on your list.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re new to trading, BDSwiss offers a stronger education lineup. It runs monthly client webinars and provides 10+ beginner videos as well as 10+ advanced videos that help you move from the basics of forex and CFDs to more in‑depth strategies. TopFX, on the other hand, does not host monthly educational webinars and doesn’t meet the 10‑video threshold for beginner or advanced topics, so its video library is smaller and less suited to step‑by‑step learning.
Ratings reflect this gap: BDSwiss earns 4 out of 5 stars for Education and ranks 22nd out of 63 brokers on ForexBrokers.com, while TopFX holds 3 out of 5 stars and ranks 62nd out of 63. For beginners seeking plenty of lessons, webinars, and trading videos, BDSwiss is the more classroom‑like choice; if you only need a light introduction and plan to learn elsewhere, TopFX may still suffice.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | 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
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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In the BDSwiss vs TopFX comparison for crypto trading, neither online broker supports buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs.
In the BDSwiss vs TopFX comparison of deposit and withdrawal methods, BDSwiss supports ACH/SEPA transfers while TopFX does not; information for both brokers on PayPal, Skrill, Visa/Mastercard, and bank wire options was not specified.
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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| Broker Gallery (click to expand) |
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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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | BDSwiss | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 655 | |
| Forex Pairs (Total) | 53 | 60 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.6 | 1.03 | |
| All-in Cost EUR/USD - Active | 1.3 | 0.88 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | No | Yes |
| Funding | BDSwiss | TopFX | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | BDSwiss | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes |
| Trading Tools | BDSwiss | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | BDSwiss | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | TopFX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | BDSwiss | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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