Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs Eightcap, 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 provides various trading services without being a publicly traded company or a bank. It holds one Tier-1 license, indicating a high level of trust, according to ForexBrokers.com. However, it lacks any Tier-2 licenses. BDSwiss has a Trust Score of 73 out of 99, suggesting it's viewed with average risk in terms of trustworthiness.
In contrast, Eightcap, established in 2009, also operates outside of the stock exchange and banking sectors. It stands out by holding three Tier-1 licenses, which places it in the "trusted" category by ForexBrokers.com. Although it does not hold any Tier-2 licenses, Eightcap boasts a Trust Score of 85, categorizing it as a trusted broker.
| Feature |
BDSwiss
|
Eightcap
|
|---|---|---|
| Year Founded | 2012 | 2009 |
| 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 Eightcap both earn a 4-star rating for their commissions and fees, though their approaches vary. BDSwiss offers a Classic account with a spread of 1.5 pips on EUR/USD, which is pricier compared to top industry players. For traders opting for the Raw account, the spread is a competitive 0.3 pips, but with a commission of $5 per side, the total effective spread becomes 1.3 pips. Those with the VIP account will experience a spread of 1.2 pips. In the competitive ranking by ForexBrokers.com, BDSwiss is positioned at #29 out of 62 brokers.
Eightcap, competes closely with its two distinct global account types, available in regions including Australia and the Bahamas. Clients can choose between the Raw account with commissions and the Standard account with spread-only prices. The Raw account offers an average spread of 0.06 pips, but when the $3.50 commission per side is included, the effective cost rises to approximately 0.76 pips. Although this is just below the industry average, Eightcap is overall slightly more expensive compared to the absolute lowest-cost forex brokers. Eightcap stands slightly ahead of BDSwiss in the rankings, at #26 out of 62 brokers.
Both BDSwiss and Eightcap present viable options for traders, with distinct advantages and considerations in their fee structures. BDSwiss may appeal to those preferring comprehensive account types, while Eightcap offers competitive all-in transaction costs for those choosing their commission-based account. Deciding between them could depend on a trader's specific needs and preferences in balancing spread costs with accompanying commissions.
| Feature |
BDSwiss
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | 1.0 |
| All-in Cost EUR/USD - Active | 1.3 | 0.76 |
| 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 investments available with BDSwiss and Eightcap, both brokers offer forex trading through CFDs, allowing clients to explore the foreign exchange market. BDSwiss provides a total of 1,081 tradeable symbols, outshining Eightcap, which offers 736 symbols. However, when focusing on tradeable forex pairs, Eightcap holds a slight advantage with 56 pairs compared to BDSwiss's 53 pairs. Though neither platform offers direct access to buy US or international exchange-traded securities like Apple or Vodafone shares, they both enable investors to engage in copy trading, a feature appealing for those looking to mirror the strategies of successful traders.
Cryptocurrency enthusiasts might find interest in the fact that both brokers offer cryptocurrency derivatives, although they do not support the buying of actual cryptocurrencies. In terms of the overall range of investments, BDSwiss scores 4 out of 5 stars, placing it at rank 34 among 62 brokers for the range of investments, according to ForexBrokers.com. On the other hand, Eightcap receives a rating of 3.5 stars, with a rank of 40 in the same category, indicating that while Eightcap provides a decent range of investment options, BDSwiss offers a somewhat broader spectrum for trading enthusiasts.
| Feature |
BDSwiss
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 736 |
| Forex Pairs (Total) | 53 | 56 |
| 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 BDSwiss and Eightcap for their trading platforms and tools, both brokers offer simulated trading through free virtual demo accounts, allowing newcomers and experienced traders to practice without financial risks. While BDSwiss provides a proprietary platform crafted in-house, Eightcap relies on popular third-party platforms. Both firms support Windows-based desktop downloads and web-based platforms, catering to various trading preferences. Additionally, each broker offers MetaTrader 4 and MetaTrader 5, providing classic and advanced tools for analysis and trading. They also allow trading directly from stock charts and support copy trading, although neither offers DupliTrade or ZuluTrade.
In terms of charting amenities, BDSwiss and Eightcap supply 15 drawing tools, ensuring traders can effectively analyze market movements. Watch lists are customizable, with both brokers offering seven fields for tailored monitoring. With trading platforms and tools rated at four stars, BDSwiss outshines Eightcap in the ForexBrokers.com ranking, securing the 24th position compared to Eightcap's 38th out of 62 brokers. This demonstrates a slight edge for BDSwiss in this category, possibly due to its in-house platform and comprehensive toolkit.
| Feature |
BDSwiss
|
Eightcap
|
|---|---|---|
| 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 | Yes |
| 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.
Both BDSwiss and Eightcap provide accessible mobile trading experiences, offering apps for both iPhone and Android users. Traders can receive stock and forex price alerts on both platforms, enhancing their ability to make timely decisions. While both apps allow drawing trendlines and viewing multiple time frames on their charts, they come with 30 technical studies each for comprehensive chart analysis. Moreover, the convenience of autosaving chart drawings is a feature included in both apps, ensuring users don’t lose their work.
However, a notable difference between the two is Eightcap’s support for syncing watchlist symbols between the mobile app and the client’s online account, whereas BDSwiss does not offer this feature. Both platforms allow the creation of watchlists with real-time quotes. In user ratings, both apps earn an impressive four out of five stars. BDSwiss edges ahead in the rankings by ForexBrokers.com, securing the 23rd position out of 62 brokers, compared to Eightcap’s 38th place.
| Feature |
BDSwiss
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 it comes to market research, both BDSwiss and Eightcap provide daily market commentary and economic calendars, helping traders stay informed about global news events. However, there are notable differences between the two brokers. BDSwiss surpasses Eightcap by offering advanced tools like Autochartist and Trading Central for technical and fundamental analysis, enhancing the research experience. Meanwhile, Eightcap stands out by providing a sentiment-based trading tool for gauging long or short positions across currency pairs, a feature not available with BDSwiss.
Despite these distinctions, neither BDSwiss nor Eightcap delivers forex news from renowned sources like Bloomberg or Reuters, nor do they offer research tools from Acuity Trading or TipRanks integration. In terms of research quality, BDSwiss takes the lead with a 4-star rating, ranking 23rd out of 62 brokers according to ForexBrokers.com. In contrast, Eightcap holds a 3.5-star rating, positioned at 39th. This comparative analysis highlights BDSwiss's broader range of research tools and higher market research ranking, providing traders with more comprehensive analytical resources.
| Feature |
BDSwiss
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| 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 it comes to educational resources for beginners in forex and CFDs trading, both BDSwiss and Eightcap provide a decent variety of learning materials. BDSwiss offers over 10 educational pieces focused on forex or CFDs, just like Eightcap. However, BDSwiss stands out by featuring monthly webinars to guide clients, a feature Eightcap currently does not provide. Both brokers present a searchable archive of past webinars, allowing learners to catch up on missed sessions. Those new to trading will find beginner-friendly educational videos offered by both brokers, although BDSwiss also extends its coverage with advanced trading videos for seasoned traders, a resource that Eightcap lacks.
Both brokers cater to beginners with comprehensive resources such as an investor dictionary containing over 50 investing terms, helping users understand key trading vocabulary. Overall, BDSwiss slightly outshines Eightcap in its educational offerings, garnering a 4-star rating and ranking #19 among 62 brokers for education according to ForexBrokers.com. Eightcap, with a 3.5-star rating, is positioned at #40. This highlights BDSwiss as a more robust choice for traders seeking extensive educational support tailored to their evolving skill levels.
| Feature |
BDSwiss
|
Eightcap
|
|---|---|---|
| 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 62 of the best forex brokers, our research and account testing finds that BDSwiss is better than Eightcap. BDSwiss finished with an overall rank of #36, while Eightcap finished with an overall rank of #38.
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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Eightcap
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|---|---|---|
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| Trust Score | 73 | 85 |
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Both BDSwiss and Eightcap do not offer the ability to buy actual delivered cryptocurrency, but they both provide the option to trade cryptocurrency derivatives.
While BDSwiss supports ACH and SEPA transfers but lacks PayPal, Eightcap offers PayPal but does not support ACH or SEPA transfers; both brokers, however, accommodate Skrill, Visa, Mastercard, and bank wire transactions, providing varied options for depositing and 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 | Eightcap | |
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| Trust Score | 73 | 85 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | Eightcap Review |
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| Regulation | BDSwiss | Eightcap | |
|---|---|---|---|
| Trust Score | 73 | 85 | |
| Year Founded | 2012 | 2009 | |
| 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 | Eightcap | |
|---|---|---|---|
| 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 | Eightcap | |
|---|---|---|---|
| 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 | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 736 | |
| Forex Pairs (Total) | 53 | 56 | |
| 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 | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.0 | |
| All-in Cost EUR/USD - Active | 1.3 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $100 | |
| 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 | Eightcap | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | Eightcap | |
|---|---|---|---|
| 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 | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | Eightcap | |
|---|---|---|---|
| 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 | Eightcap | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | BDSwiss | Eightcap | |
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| Trust Score | 73 | 85 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | Eightcap Review |
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