Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
FinecoBank and BDSwiss offer online brokerage services but differ significantly in their trust ratings and regulatory standings. Founded in 1999, FinecoBank not only operates as an established bank but also trades publicly on the stock exchange. It holds two Tier-1 licenses, contributing to its high ForexBrokers.com Trust Score of 94, placing it in the highly trusted range. This indicates FinecoBank's strong credibility and stability in the financial market. In contrast, BDSwiss, founded in 2012, is not publicly traded and does not function as a bank. It holds one Tier-1 license, receiving a Trust Score of 73, which suggests an average risk level as per ForexBrokers.com ratings.
Consumers searching for a reliable online broker often consider regulatory compliance and trust scores as important factors. FinecoBank's status as a publicly traded bank with multiple Tier-1 licenses affirms its reputable position, appealing to those seeking a highly trusted platform. On the other hand, BDSwiss caters to clients who may prioritize other aspects of brokerage beyond regulatory standing, though they operate at an average risk based on their current trust score. Understanding these differences can help traders make informed decisions aligned with their investment priorities and risk tolerance.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Year Founded | 1999 | 2012 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing FinecoBank and BDSwiss on their commissions and fees, it becomes evident that each broker has distinct costs and benefits. FinecoBank does not provide detailed information regarding its average spreads for forex and CFD trading, which makes it challenging to fully understand its trading expenses. The broker lists spreads of 1 pip and 0.8 pips for the EUR/USD, though these figures are not marked as averages. While these rates are higher than the industry norm, FinecoBank might be offering more competitive spreads on its index CFDs. FinecoBank is rated 3.5 stars for commissions and fees and is ranked 50th out of 62 brokers by ForexBrokers.com.
BDSwiss offers a clearer picture of its trading costs, showcasing good order execution statistics. However, its spreads are generally higher compared to industry leaders. For example, the EUR/USD spread on its Classic account stands at 1.5 pips, which is on the expensive side. Meanwhile, the Raw account features a spread of 0.3 pips plus a $5 commission per side, leading to an effective spread of 1.3, and the VIP account presents a spread of 1.2 pips. BDSwiss holds a 4-star rating for commissions and fees and is ranked 29th out of 62 brokers according to ForexBrokers.com.
In summary, although BDSwiss offers specific account options that may cater to different trading strategies, both brokers have their strengths and weaknesses in terms of commissions and fees. While FinecoBank might provide better conditions for index CFDs, BDSwiss is more transparent with its pricing, which can be beneficial for traders seeking clarity. Consider these factors when evaluating which broker might best meet your trading needs.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Minimum Deposit | $0 | $10-$5000 |
| Average Spread EUR/USD - Standard | N/A | 1.6 |
| All-in Cost EUR/USD - Active | N/A | 1.3 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FinecoBank and BDSwiss for their range of investments, both brokers offer forex trading as CFDs, with FinecoBank providing a slightly wider variety of 54 forex pairs compared to BDSwiss's 53. FinecoBank stands out for its impressive selection of 9,770 tradeable symbols, vastly surpassing BDSwiss's 1,081. Moreover, FinecoBank clients benefit from the ability to invest in exchange-traded securities across both U.S. and international exchanges, enabling direct purchases of well-known stocks like Apple and Vodafone, a feature BDSwiss does not offer.
BDSwiss, however, caters to traders interested in cryptocurrency derivatives, whereas FinecoBank does not. Additionally, BDSwiss provides the option of copy trading, a feature not available with FinecoBank. In terms of overall ratings for range of investments, FinecoBank receives 4.5 stars and ranks 16th out of 62 brokers, showcasing its strong offerings, while BDSwiss earns a respectable 4-star rating, placing 34th in the same category. This indicates that both platforms have their strengths, catering to different investor needs based on their trading preferences and required investment options.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1081 |
| Forex Pairs (Total) | 54 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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.
FinecoBank and BDSwiss are both online brokers offering proprietary trading platforms, each tailored to meet the needs of their users. While FinecoBank provides a Windows-based desktop platform and a web-based option, it does not offer MetaTrader 4 or 5, which are popular among many traders. In contrast, BDSwiss includes these MetaTrader platforms, making it attractive for users who prefer this established software. One of the key differences is that BDSwiss supports simulated trading with a free virtual demo account to help newcomers practice without risk, whereas FinecoBank lacks this feature. Additionally, BDSwiss facilitates copy trading, enabling users to imitate skilled traders' strategies, while FinecoBank does not offer this capability.
When it comes to charting tools, BDSwiss provides a broader range with 15 drawing tools compared to FinecoBank's offering of 7. Furthermore, BDSwiss allows for direct trading from stock charts and boasts seven columns for watch lists, enhancing usability for active traders. Despite these differences, both brokers receive a four-star rating for their trading platforms and tools. However, FinecoBank surpasses BDSwiss in ranking, positioned at #18 compared to BDSwiss’s #24, indicating a slight edge in overall platform and tool satisfaction within the trading community.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and BDSwiss provide traders with mobile trading apps compatible with iPhone and Android devices, ensuring access from virtually any smartphone. Users of these apps can receive vital stock and forex price alerts, keeping them informed about market movements. However, when it comes to syncing, neither platform allows watchlists to be synchronized between the mobile app and the online account, which might be a drawback for those who prioritize seamless access across devices.
When comparing features like charting tools, BDSwiss stands out, offering 30 technical studies compared to FinecoBank's 6. BDSwiss also permits drawing trendlines on charts and automatically saves these drawings, enhancing the user's analytical capabilities. Additionally, BDSwiss provides a feature to create watchlists with real-time quotes, something that FinecoBank lacks. Both apps support viewing charts across multiple time frames, enhancing flexibility for active traders. Overall, while both apps have a four-star rating, BDSwiss ranks higher in user reviews, positioned at #23 out of 62 brokers, surpassing FinecoBank's rank of #42 for mobile trading apps on ForexBrokers.com.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating market research offerings, FinecoBank and BDSwiss provide distinct advantages. FinecoBank excels with its forex news sourced from top-tier providers such as Bloomberg and Reuters, ensuring traders stay informed with the latest updates from reliable sources. Meanwhile, BDSwiss supports traders with daily market commentary, giving users timely insights into the financial markets. Both brokers offer an economic calendar feature that keeps traders informed about global economic events, although neither provides sentiment-based tools or research services from companies like TipRanks or Acuity Trading.
BDSwiss stands out with its arsenal of analysis tools, including offerings from Autochartist and Trading Central, catering to technical strategy enthusiasts. In contrast, FinecoBank lacks these specific tools. Despite these differences, both brokers achieve a solid rating of four stars for their research services. However, when ranked among 62 brokers by ForexBrokers.com, BDSwiss holds a stronger position at #23 compared to FinecoBank's #33, indicating a slight edge in overall market research capabilities.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FinecoBank and BDSwiss in terms of educational resources for beginners, both online brokers offer unique benefits for new traders. FinecoBank provides at least 10 beginner-focused videos that cover a wide range of trading topics. They also host regular monthly webinars to engage clients in real-time learning. Additionally, FinecoBank features an investor dictionary with definitions for over 50 investing terms, making it easier for beginners to understand complex jargon. However, they lack a searchable archive of recorded webinars and do not provide extensive resources focused on forex or CFDs, limiting the diversity of educational content available.
On the other hand, BDSwiss impresses with a comprehensive range of educational tools. They offer more than 10 educational materials, such as articles, videos, and webinars, specifically dedicated to forex and CFDs. Like FinecoBank, BDSwiss also holds monthly webinars, but they go a step further by maintaining a searchable archive of these sessions for ongoing learning. They provide over 10 videos aimed at beginners and, importantly, also offer advanced educational videos for more experienced traders. With an investor dictionary that defines more than 50 terms, BDSwiss covers all bases. These offerings contribute to their higher education ranking among brokers despite both platforms being rated four stars for education.
| Feature |
FinecoBank
|
BDSwiss
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 FinecoBank is better than BDSwiss. FinecoBank finished with an overall rank of #25, while BDSwiss finished with an overall rank of #36.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
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BDSwiss
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|---|---|---|
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| Trust Score | 94 | 73 |
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While FinecoBank and BDSwiss both do not offer the ability to buy actual (delivered) cryptocurrency, only BDSwiss provides the option to trade cryptocurrency derivatives.
When comparing FinecoBank and BDSwiss as online brokers for their deposit and withdrawal methods, both offer ACH or SEPA transfers and bank wires, though only BDSwiss supports additional options such as Skrill and Visa/Mastercard, while neither supports PayPal.
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 | FinecoBank | BDSwiss | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | BDSwiss Review |
| Broker Screenshots | FinecoBank | BDSwiss | |
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| Regulation | FinecoBank | BDSwiss | |
|---|---|---|---|
| Trust Score | 94 | 73 | |
| Year Founded | 1999 | 2012 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FinecoBank | BDSwiss | |
|---|---|---|---|
| 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 | FinecoBank | BDSwiss | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1081 | |
| Forex Pairs (Total) | 54 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | BDSwiss | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.6 | |
| All-in Cost EUR/USD - Active | N/A | 1.3 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | No |
| Funding | FinecoBank | BDSwiss | |
|---|---|---|---|
| Minimum Deposit | $0 | $10-$5000 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | BDSwiss | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | BDSwiss | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | BDSwiss | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | BDSwiss | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | BDSwiss | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review | BDSwiss Review |
| Overall | FinecoBank | BDSwiss | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | BDSwiss Review |
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