Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs FXOpen, 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.
When comparing the online brokers BDSwiss and FXOpen, both platforms have their unique strengths and backgrounds. BDSwiss, established in 2012, has a ForexBrokers.com Trust Score of 73, placing it within the average risk category. The broker holds one Tier-1 license, but lacks Tier-2 licenses. Despite BDSwiss not being publicly traded or a bank, it is recognized for its regulatory compliance, staying moderate in terms of trustworthiness.
On the other hand, FXOpen, founded in 2003, slightly outranks BDSwiss with a Trust Score of 76, also considered average risk. FXOpen differentiates itself by holding two Tier-1 licenses, contributing to its greater safety perception among users. Like BDSwiss, FXOpen isn't publicly traded and doesn't operate as a bank. Overall, both brokers offer regulated services, but FXOpen holds a slight edge in terms of trust due to its additional Tier-1 license.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Year Founded | 2012 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing BDSwiss and FXOpen in terms of commissions and fees, BDSwiss offers a varied account structure to suit different trading needs. The Classic account at BDSwiss comes with a spread of 1.5 pips on EUR/USD, which may be higher than some other providers. For traders looking for tighter spreads, the Raw account provides a more competitive option with 0.3 pips plus a $5 commission per side, effectively totaling a 1.3-pip spread. The VIP account offers yet another alternative with spreads starting at 1.2 pips. BDSwiss is recognized with a 4-star rating for commissions and fees, ranking #30 out of 62 brokers according to ForexBrokers.com.
In contrast, FXOpen's spread data isn't easily accessible, making it harder to benchmark against BDSwiss. Despite the lack of detailed average spread information, FXOpen also receives a 4-star rating for its commission and fees structure. However, its position is lower on the ForexBrokers.com ranking list, coming in at #45 out of 62 brokers. This suggests there might be additional considerations or benefits that warrant investigation when deciding between these two brokers.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| 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 the available range of investments between BDSwiss and FXOpen, it's clear that there are distinct differences. BDSwiss provides access to a wide array of tradeable symbols, totaling 1081, which includes 53 forex pairs. In contrast, FXOpen offers a more limited selection with 87 tradeable symbols and 25 forex pairs. Both brokers offer forex trading as CFDs or spot contracts, as well as cryptocurrency derivatives, although neither provides direct purchase options for actual cryptocurrencies. Additionally, neither broker offers the ability to trade exchange-traded securities on U.S. or international exchanges, such as shares of Apple or Vodafone.
Despite some similarities, like the availability of copy trading services, BDSwiss stands out in this comparison with a higher rating of 4 stars for Range of Investments, ranked 34th out of 62 brokers by ForexBrokers.com. Meanwhile, FXOpen receives a 3-star rating, placing it at 61st position. These rankings reflect the broader range of trading opportunities available through BDSwiss, making it a potentially more appealing choice for those seeking diverse investment options.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 87 |
| Forex Pairs (Total) | 53 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing BDSwiss and FXOpen, both brokers offer a strong range of trading platforms and tools that cater to different trader needs. BDSwiss distinguishes itself with a proprietary platform, providing users with a unique, in-house developed interface. Both brokers, however, support popular trading platforms like MetaTrader 4 and MetaTrader 5, and offer desktop and web-based platforms, ensuring versatility for traders who favor different devices. For those interested in practice trading, both BDSwiss and FXOpen provide free virtual demo accounts, making them accessible for beginners aiming to test strategies without financial risk. In terms of rankings, BDSwiss holds a higher position at #24 compared to FXOpen's #53 among 62 brokers rated by ForexBrokers.com, highlighting a slight edge in its service delivery.
When exploring additional features, both BDSwiss and FXOpen deliver comprehensive trading tools like copy trading and the ability to trade directly from stock charts. However, Forex enthusiasts looking for diversified experiences might find FXOpen's support for ZuluTrade appealing, a feature BDSwiss lacks. Charting capabilities are comparable, with each broker offering 15 drawing tools, though details on the number of technical indicators remain unspecified. Both companies provide seven fields for watch lists, simplifying tracking and analysis. Despite the similarities, these subtle distinctions, especially in proprietary technology and third-party integrations, can influence a trader's preference. Both brokers earn a competent rating of four out of five stars for their trading platforms and tools offerings, underlining their effectiveness in meeting traders' needs.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| 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 | Yes |
| 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.
BDSwiss and FXOpen both offer comprehensive mobile trading apps available for iPhone and Android devices, catering to traders seeking flexibility on the go. Each app provides a range of technical studies, with BDSwiss and FXOpen both offering 30 options for chart analysis. Traders can keep a close eye on the markets with stock and forex price alerts available in both applications. Furthermore, the options to draw trendlines and view charts in multiple time frames, such as daily, weekly, or intraday, enhance the user's ability to perform in-depth market analysis directly from their mobile devices.
Despite many similarities, there are notable distinctions. BDSwiss stands out by allowing users to auto-save their chart drawings, a feature absent in FXOpen's app. Both apps lack the ability to synchronize watchlist symbols between the mobile app and the online account, which could be a consideration for users who value seamless integration. While both applications facilitate watchlist creation with real-time quotes, BDSwiss receives a slightly higher acknowledgment, ranking 24th in the Mobile Trading Apps category out of 62 brokers on ForexBrokers.com, compared to FXOpen's rank of 54th. Both apps, however, share a solid user rating of four stars for their mobile offerings.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both BDSwiss and FXOpen provide daily market commentary, offering traders with timely insights. However, when it comes to delivering forex news from renowned sources like Bloomberg and Reuters, FXOpen stands out, as BDSwiss does not provide this service. On the other hand, BDSwiss excels in offering multiple technical and fundamental analysis tools, including those from Autochartist and Trading Central, while FXOpen lacks tools from both these firms. Neither broker currently offers sentiment-based trading tools, market research from TipRanks, or resources from Acuity Trading.
In terms of utility features like economic calendars, both platforms cater to traders by offering comprehensive displays of global news events. Despite their similarities in some research offerings, BDSwiss is rated higher with 4 stars for its research and ranks #24 among 62 brokers reviewed by ForexBrokers.com, whereas FXOpen scores 3 stars and finds itself at #62. This highlights BDSwiss's stronger emphasis on providing valuable research tools and services, making it a potentially more attractive option for those who prioritize extensive market research in their trading activities.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| 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 the educational resources for beginners between BDSwiss and FXOpen, BDSwiss stands out for offering a wide range of learning materials. BDSwiss provides over 10 educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. Additionally, they host at least one educational webinar a month and maintain a database of previously recorded sessions for clients to revisit. This array of resources ensures that beginners have access to comprehensive learning tools. On the other hand, while FXOpen does offer some educational content, it does not meet the same criteria as BDSwiss in terms of quantity and variety, with fewer than 10 educational resources available.
In terms of video education, BDSwiss offers over 10 beginner-focused videos, along with resources aimed at more advanced traders. This creates a pathway from basic to advanced learning, all under one platform. Both BDSwiss and FXOpen provide an investor dictionary with definitions of at least 50 investing terms. When rated for education, BDSwiss receives a commendable 4 out of 5 stars, ranking 19th among 62 brokers, while FXOpen is rated 3 stars, ranking 58th. Overall, for beginners eager to learn, BDSwiss offers a more extensive range of educational resources compared to FXOpen.
| Feature |
BDSwiss
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXOpen. BDSwiss finished with an overall rank of #36, while FXOpen finished with an overall rank of #54.
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
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 76 |
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Both BDSwiss and FXOpen do not provide the option to purchase actual cryptocurrencies, offering only cryptocurrency derivatives for trading instead.
In comparing online brokers BDSwiss and FXOpen, both offer effective deposit and withdrawal options such as Skrill, Visa or Mastercard, and bank wires, with BDSwiss further providing ACH and SEPA transfers, whereas neither broker 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 | BDSwiss | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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| Regulation | BDSwiss | FXOpen | |
|---|---|---|---|
| Trust Score | 73 | 76 | |
| Year Founded | 2012 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | FXOpen | |
|---|---|---|---|
| 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) | 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 | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 87 | |
| Forex Pairs (Total) | 53 | 25 | |
| 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). |
| Cost | BDSwiss | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $100 | |
| 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 | Yes | No |
| Trading Platforms | BDSwiss | FXOpen | |
|---|---|---|---|
| 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 | Yes |
| Trading Tools | BDSwiss | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BDSwiss | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | BDSwiss | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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