Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs BDSwiss, 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.
Trade Nation and BDSwiss are two well-regarded online brokers, each with unique strengths in regulatory compliance. Established in 2014, Trade Nation holds two Tier-1 licenses and one Tier-2 license, reflecting a solid regulatory foundation. Its Trust Score of 85 out of 99 from ForexBrokers.com positions it within the 'trusted' category, providing users with a strong sense of security. Although Trade Nation is not publicly traded or a bank, its regulatory credentials indicate a commitment to maintaining trust in the industry.
BDSwiss, founded in 2012, attracts users by holding one Tier-1 license. However, it does not possess Tier-2 licenses, suggesting a more conservative regulatory approach compared to Trade Nation. With a Trust Score of 73, BDSwiss falls into the 'average risk' category, which might appeal to those who prioritize regulatory oversight in their trading activities. Like Trade Nation, BDSwiss is neither publicly traded nor a bank, allowing them to focus solely on brokerage services.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Year Founded | 2014 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing Trade Nation's and BDSwiss's setups for commissions and fees, both brokers offer distinct pricing structures. Trade Nation stands out with its competitive fixed-spread pricing across all tradable symbols on their proprietary platform, with the EUR/USD pair fixed at 0.6 pips. These fixed spreads can increase briefly during their rollover period to up to 1.4 pips, resulting in an average spread closer to 1 pip. Trade Nation offers three types of accounts: two are MetaTrader-based—one is commission-free, and the other is a Raw Spread account that charges $3.50 per side per standard lot. The TN Trader account for their proprietary platform tends to offer the most favorable spreads compared to the other account types. Trade Nation's straightforward approach earns it a 5-star rating and ranks it #7 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
BDSwiss, on the other hand, provides varied account types with a spread of 1.5 pips on the EUR/USD pair for its Classic account, which is on the higher side compared to other brokers. Their Raw account, while competitive, features a spread of 0.3 pips coupled with a $5 commission per side, leading to an effective spread of 1.3 pips. The VIP account is slightly cheaper at 1.2 pips. While BDSwiss showcases reliable order execution, its pricing, particularly on the Classic account, could be perceived as less efficient cost-wise. Consequently, BDSwiss receives a commendable 4-star rating and ranks #30 out of 63 brokers for commissions and fees according to ForexBrokers.com.
In summary, Trade Nation and BDSwiss cater to different preferences in trading conditions. Trade Nation's strength lies in its fixed spreads and the clear-cut cost analysis it provides to traders, which helps in budgeting and expectation management. Conversely, while BDSwiss has higher base spreads, they ensure reliable order execution and offer account types that cater to diverse trading needs. This gives investors a choice based on whether they prioritize fixed costs or prefer varied account options. Both brokers have their merits, with Trade Nation being more consistently cost-effective, reflected in its superior ranking and rating in the industry.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Minimum Deposit | $0 | $10-$5000 |
| Average Spread EUR/USD - Standard | 0.6 | 1.6 |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| 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 online brokers Trade Nation and BDSwiss, both offer forex trading as CFDs or spot contracts, catering to enthusiasts of currency pairs. However, BDSwiss boasts a slightly broader selection, with 53 tradeable forex pairs compared to Trade Nation's 46. Overall, BDSwiss provides access to 1,081 tradeable symbols, surpassing Trade Nation’s list of 1,000. Both platforms enable traders to engage with cryptocurrency derivatives, but neither offers the ability to buy real cryptocurrencies nor trade exchange-listed securities, either in the U.S. or on international exchanges. Both brokers also support copy trading, which can be particularly appealing to those who want to mirror the strategies of more experienced traders.
In terms of range of investments, BDSwiss receives a slightly higher rating, earning 4 stars compared to Trade Nation’s 3.5 stars. According to ForexBrokers.com, BDSwiss holds a higher ranking in the Range of Investments category, placing at #34, while Trade Nation ranks at #38 among 63 brokers. This slight edge might make BDSwiss a more appealing choice for investors seeking a broader selection of investment opportunities.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 1081 |
| Forex Pairs (Total) | 46 | 53 |
| 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 Trade Nation and BDSwiss, both brokers provide a strong foundation for traders seeking variety and flexibility. Each offers a demo account for simulated trading, allowing new and experienced traders alike to practice strategies without risk. Both Trade Nation and BDSwiss have developed their own proprietary platforms and support MetaTrader 4 (MT4) alongside Windows desktop and web-based platforms. Notably, BDSwiss also offers MetaTrader 5 (MT5), expanding options for advanced trading. While both brokers feature copy trading, neither supports DupliTrade or ZuluTrade. Additionally, BDSwiss stands out by enabling trades directly from stock charts, a feature absent in Trade Nation.
Charting tools are slightly more robust at Trade Nation with 39 drawing options, compared to BDSwiss’s 15, providing more detailed graphical analysis capabilities. On the other hand, BDSwiss leads with concise watch lists comprising seven columns versus Trade Nation's 14, potentially simplifying portfolio monitoring. Both brokers earned a commendable rating of four stars for trading platforms and tools. However, in the broader landscape of brokers, BDSwiss is ranked higher, sitting at #24 compared to Trade Nation's position at #44 according to ForexBrokers.com. This clearer rank might reflect the slightly more comprehensive offering from BDSwiss in accommodating more diverse trading preferences.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Trade Nation and BDSwiss, both offer apps for iPhone and Android, ensuring full accessibility. They each provide stock and forex price alerts, and users can draw trendlines on charts and view various time frames ranging from daily to intraday. One of the standout features of Trade Nation's app is the ability to synchronize watchlists with the client's online account, which is not available with BDSwiss. Moreover, Trade Nation offers a wide selection of 99 technical studies for charting, significantly more than BDSwiss's 30. Both apps auto-save chart drawings and enable the creation of watchlists with real-time quotes, making them convenient for traders on the go.
In user ratings, both Trade Nation and BDSwiss achieve a score of 4 out of 5 stars. Despite the equal user ratings, BDSwiss is ranked higher by ForexBrokers.com, coming in at #24 out of 63 brokers in the Mobile Trading Apps category, whereas Trade Nation sits at #45. This suggests that while both apps are favorably rated by users, BDSwiss is recognized for a slightly better overall performance in terms of ranking.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 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.
Trade Nation and BDSwiss both provide daily market commentary, helping traders stay informed about market movements. However, when it comes to sourcing forex news from top-tier outlets like Bloomberg or Reuters, Trade Nation takes the lead, while BDSwiss does not offer such services. In terms of technical analysis, BDSwiss gains an advantage with tools from Autochartist and Trading Central, which are not available with Trade Nation. On the other hand, Trade Nation offers sentiment-based trading tools, giving traders insight into market positions, a feature absent from BDSwiss's offerings.
Acuity Trading tools are available with Trade Nation, making it a go-to choice for traders interested in advanced signal centers, whereas BDSwiss lacks these resources. BDSwiss does, however, provide an economic calendar to keep clients updated on global news events, a resource Trade Nation does not offer. In terms of ratings, BDSwiss scores slightly higher with four stars, ranking 24th out of 63 brokers in the research category according to ForexBrokers.com, whereas Trade Nation receives a 3.5-star rating and ranks 42nd.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
Trade Nation and BDSwiss both offer a strong range of educational resources for those new to forex and CFD trading. Both platforms meet the basic offering of at least ten educational pieces such as articles, videos, or webinars focused on forex or CFDs. For beginners, each platform provides at least ten videos covering essential trading topics, supplemented by advanced content for more experienced users. An investor dictionary with over 50 terms is also available, helping learners to grasp key investing concepts.
However, BDSwiss stands out with its commitment to regular monthly webinars, offering ongoing learning opportunities that Trade Nation does not match. Additionally, BDSwiss provides a searchable archive of past webinars, enhancing accessibility to a wealth of recorded knowledge. In the realm of education, BDSwiss edges slightly ahead with a rating of 4 stars compared to Trade Nation's 3.5, and is ranked 19th out of 63 brokers by ForexBrokers.com, whereas Trade Nation is positioned at 41. This suggests that BDSwiss might be a slightly better choice for those who value interactive and continuously updated educational content.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Trade Nation is better than BDSwiss. Trade Nation finished with an overall rank of #34, while BDSwiss finished with an overall rank of #36.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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BDSwiss
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 73 |
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Both Trade Nation and BDSwiss provide opportunities for investors to engage in cryptocurrency trading through derivatives rather than purchasing actual, delivered cryptocurrencies.
In comparing online brokers, Trade Nation and BDSwiss, it's noteworthy that while both facilitate deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, only BDSwiss provides the option for ACH or SEPA transfers, neither 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 | Trade Nation | BDSwiss | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | BDSwiss Review |
| Broker Screenshots | Trade Nation | BDSwiss | |
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| Regulation | Trade Nation | BDSwiss | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2014 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | BDSwiss | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | BDSwiss | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | BDSwiss | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 1081 | |
| Forex Pairs (Total) | 46 | 53 | |
| 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 | Trade Nation | BDSwiss | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 1.6 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Trade Nation | BDSwiss | |
|---|---|---|---|
| Minimum Deposit | $0 | $10-$5000 | |
| 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 | No | Yes |
| Trading Platforms | Trade Nation | BDSwiss | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | BDSwiss | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | BDSwiss | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | BDSwiss | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | BDSwiss | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trade Nation | BDSwiss | |
|---|---|---|---|
| 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 | Trade Nation Review | BDSwiss Review |
| Overall | Trade Nation | BDSwiss | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | BDSwiss Review |
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