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 |
Comparing the commission and fee structures of FinecoBank and BDSwiss reveals notable differences that traders should carefully consider. FinecoBank does not provide clear average spread data for forex and CFD trading, which makes it challenging to grasp the true cost of trading with them. They list a spread of 1 pip for EUR/USD trades, which is less competitive than the typical spreads offered by other brokers. Although a narrower spread of 0.8 pips is mentioned, the lack of context or average value makes it hard to assess. FinecoBank is rated 3.5 out of 5 stars for its commissions and fees, ranking it at a low #50 spot out of 62 brokers.
BDSwiss, on the other hand, provides more transparency in its fee structure, though its spreads are still on the higher side compared to industry leaders. For its Classic account, BDSwiss offers a 1.5 pip spread on EUR/USD, which is considered costly. The Raw account is more competitive with an effective spread of 1.3 pips, accounting for a 0.3 pip spread plus a $5 commission per side. For VIP clients, the spread is slightly better at 1.2 pips. Overall, BDSwiss shines brighter with a 4-star rating for its commissions and fees, ranking it #30 out of 62 brokers.
In summary, if you're looking for transparency and competitive fee structures, BDSwiss appears to offer a clearer and slightly better pricing model than FinecoBank. With its superior star rating and ranking for commissions and fees, BDSwiss might be the wiser choice for those prioritizing cost-effectiveness in their trading activities.
| 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 both offer competitive trading platforms, with each providing a proprietary platform developed in-house. They also support trading through Windows-based desktop and web-based platforms. However, they differ significantly in some aspects. BDSwiss stands out with its range of copy trading options and support for popular third-party tools like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas FinecoBank does not integrate these capabilities. Furthermore, BDSwiss provides a free virtual demo account for simulated trading, a feature that FinecoBank lacks.
In terms of charting tools, BDSwiss exceeds FinecoBank, offering 15 drawing tools compared to FinecoBank's 7. Additionally, BDSwiss enhances trading with features like the ability to trade directly from stock charts and greater customization options in watch lists with 7 fields. Both brokers received a 4-star rating for their trading platforms and tools, yet FinecoBank ranks higher, positioned at #17 compared to BDSwiss's #24 in ForexBrokers.com's evaluation. This ranking reflects the nuanced preferences traders might have between these two brokers when it comes to specific trading features and integrations.
| 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.
When it comes to mobile trading apps, both FinecoBank and BDSwiss offer apps for iPhone and Android users, complete with the ability to receive stock or forex price alerts. However, neither platform syncs the watchlist symbols between the mobile app and the client's online account, which might be a drawback for traders who desire seamless integration across devices. When it comes to technical charting features, BDSwiss stands out with 30 technical studies, compared to FinecoBank's offering of 6. Additionally, BDSwiss allows users to draw trendlines and autosaves these graphs, while FinecoBank lacks both functionalities.
Both brokers provide the ability to view multiple time frames on stock or forex charts within their apps. However, BDSwiss has an edge with real-time quote watchlists, a feature not available on FinecoBank's app. Despite these differences, both apps have garnered a 4-star rating for their mobile trading experience. Ranked by ForexBrokers.com, BDSwiss comes in at #24, setting a higher standard compared to FinecoBank, which sits at #42 out of 62 brokers. BDSwiss appears to offer a more feature-rich trading environment for users seeking robust charting and real-time capabilities.
| 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 comparing FinecoBank and BDSwiss for market research offerings, both brokers have their strengths, but they cater to different needs. FinecoBank provides access to top-tier forex news from sources like Bloomberg, Reuters, and Dow Jones, which is a notable advantage for traders who prioritize staying updated with the latest financial news. However, BDSwiss edges out FinecoBank by offering daily market commentary, giving traders a brief but consistent overview of market trends and insights.
In terms of tools, BDSwiss offers a more extensive suite by including technical analysis and fundamental research tools from Autochartist and Trading Central, whereas FinecoBank does not provide these specific offerings. Both brokers maintain parity with their economic calendars, providing essential details on current and upcoming global economic events. Overall, both companies have been awarded a 4-star rating for their research services, though BDSwiss holds a slightly higher rank of #24 compared to FinecoBank's #33 from ForexBrokers.com’s evaluation.
| 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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| 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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