Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs iFOREX, 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.
BDSwiss and iFOREX are online brokers with years of experience, having been founded in 2012 and 1996 respectively. Neither of them is publicly traded or operates as a bank. In terms of regulation, both BDSwiss and iFOREX hold one Tier-1 license, suggesting a high level of trustworthiness. However, neither broker has any Tier-2 licenses.
When it comes to their overall trust ratings, BDSwiss holds a Trust Score of 73, denoting an average risk according to ForexBrokers.com metrics. iFOREX has a slightly higher Trust Score of 75, but it also falls under the average risk category. With these factors in mind, both brokers appear to offer a similar level of trust in the online trading landscape.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Year Founded | 2012 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing BDSwiss and iFOREX in terms of commissions and fees, BDSwiss offers a competitive edge, but its spreads are not the most cost-effective in the industry. For its Classic account, BDSwiss has a spread of 1.5 pips on EUR/USD, which is considered relatively expensive. Their Raw account includes a spread of 0.3 pips plus a $5 commission per side, leading to an effective spread of 1.3 pips, while the VIP account offers a spread of 1.2 pips. BDSwiss receives a 4-star rating for its commissions and fees and is ranked #29 out of 62 brokers by ForexBrokers.com.
On the other hand, iFOREX does not have average spread data readily available, making it challenging to perform a detailed cost comparison. However, the broker only achieves a 3-star rating for commissions and fees. Additionally, iFOREX is placed at #60 in the Commissions and Fees category by ForexBrokers.com, suggesting that it might not be the most affordable option for investors mindful of trading costs.
Overall, while both brokers have their own sets of offerings, BDSwiss provides more detailed and potentially advantageous commission structures compared to iFOREX, indicated by their higher rating and ranking. Investors looking for transparency and value may find BDSwiss to be a more appealing choice for managing trading costs effectively.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| 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 | 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 comparing BDSwiss and iFOREX in terms of their range of investments, both offer forex trading through CFDs or spot contracts. BDSwiss provides access to 1081 tradeable symbols, including 53 forex pairs, while iFOREX offers 750 symbols, with a stronger focus on forex, offering 88 pairs. Both brokers do not support trading in physical securities on U.S. or international stock exchanges, limiting opportunities in investing directly in companies like Apple or Vodafone.
For digital assets, neither BDSwiss nor iFOREX offers actual cryptocurrency trading, but both provide cryptocurrency derivatives. BDSwiss shines in providing copy trading features, which iFOREX lacks. In terms of investment variety, BDSwiss receives a rating of 4 stars and ranks 34th among 62 brokers, whereas iFOREX earns 3.5 stars, claiming the 41st spot. This positions BDSwiss slightly ahead in offering a wider range of investment options.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 750 |
| Forex Pairs (Total) | 53 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 iFOREX for their trading platforms and tools, BDSwiss offers a compelling package that includes both a proprietary platform and popular MetaTrader options like MT4 and MT5. This gives traders flexibility in choosing the best-fitting software for their trading approach. BDSwiss also provides a Windows-based desktop platform and a web-based platform, catering to different trading preferences. Notably, users can access a demo account to simulate trading with BDSwiss and explore copy trading features, making it an attractive choice for both beginners and experienced traders.
Meanwhile, iFOREX also provides a proprietary platform but lacks both MetaTrader options and a desktop download for Windows users. While it offers a web-based platform, traders who prioritize a wider range of tools may find iFOREX's offerings somewhat limited. iFOREX does not support simulated trading, which might influence new traders seeking hands-on practice without financial risk. On the positive side, iFOREX excels with a broader selection of 25 drawing tools for charting and offers nine columns for watch lists, surpassing BDSwiss in these specific charting features. Ultimately, while both brokers earn a solid four-star rating, BDSwiss ranks notably higher at #24 compared to iFOREX, which stands at #54 in ForexBrokers.com's evaluation.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders navigating the world of mobile trading, both BDSwiss and iFOREX offer iPhone and Android apps, making their platforms accessible to users on both popular operating systems. However, BDSwiss stands out in some key areas. While both brokers lack watchlist symbol syncing between mobile apps and online accounts, BDSwiss provides the advantage of stock or forex price alerts, a feature not available with iFOREX. Additionally, BDSwiss enhances trading decisions with 30 technical studies for charting, allowing users to draw trendlines and view multiple time frames, including daily or weekly views. In contrast, iFOREX does not offer these charting capabilities.
For those focusing on real-time data, BDSwiss lets traders create watchlists with up-to-the-minute quotes, a feature missing from iFOREX's mobile platform. Moreover, BDSwiss ensures that any drawings on charts are automatically saved, offering convenience and continuity for traders. Both platforms have been rated 4 out of 5 stars for mobile trading apps, yet BDSwiss is notably ranked higher at #24 compared to iFOREX's #55 by ForexBrokers.com. In summary, while iFOREX offers fundamental mobile trading functionalities, BDSwiss provides more comprehensive features that may appeal to traders seeking detailed analysis tools and real-time updates.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
BDSwiss and iFOREX both offer traders daily market commentary, providing timely insights into the financial markets. However, neither broker includes forex news from top-tier sources like Bloomberg or Reuters in their offerings. While both platforms supply technical analysis tools from Trading Central, only BDSwiss has partnered with Autochartist to enhance its technical and fundamental research tools. Conversely, iFOREX offers a sentiment-based trading tool that provides valuable insights into market positions, a feature not available with BDSwiss.
When it comes to additional research tools, neither broker collaborates with TipRanks or Acuity Trading for enhanced analytics. Both BDSwiss and iFOREX do provide an economic calendar to track current and upcoming global news events, crucial for strategic trading decisions. In terms of ratings, BDSwiss shines slightly brighter, earning a 4-star rating and ranking 24th among 62 brokers, compared to iFOREX's 3.5-star rating and 48th place ranking. This comparison underscores BDSwiss's slight edge in research capabilities over iFOREX within the online trading landscape.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| 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, BDSwiss stands out as a strong option compared to iFOREX. BDSwiss offers a comprehensive selection of more than 10 educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. Additionally, they provide clients with access to online educational webinars every month, alongside a searchable archive of past sessions. BDSwiss ensures that newcomers are well supported with at least 10 beginner-focused educational videos. For those who are ready to advance their trading knowledge, BDSwiss also offers over 10 advanced educational videos. To further aid learning, BDSwiss includes an investor dictionary with more than 50 investing terms, greatly benefiting those needing clarity on key concepts.
On the other hand, iFOREX falls short in certain areas despite offering educational content. While they do provide over 10 beginner educational videos, their resources lack diversity, as they do not meet the minimum of 10 pieces focusing on forex or CFDs. Unlike BDSwiss, iFOREX does not host monthly webinars or offer a library of recorded ones for continued learning, and they also do not have advanced educational videos or an investor dictionary available. These differences are reflected in their ratings; BDSwiss earns 4 stars for education compared to iFOREX's 3.5 stars, ranking them 19th out of 62 brokers for education, whereas iFOREX ranks 53rd. Overall, for those prioritizing educational resources, BDSwiss provides a more extensive learning experience than iFOREX.
| Feature |
BDSwiss
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. BDSwiss finished with an overall rank of #36, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
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| Trust Score | 73 | 75 |
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Both BDSwiss and iFOREX do not provide the option to purchase actual (delivered) cryptocurrencies, but they do offer cryptocurrency derivatives for trading.
When comparing online brokers BDSwiss and iFOREX, BDSwiss supports ACH or SEPA transfers but not PayPal, whereas iFOREX does not support ACH or SEPA transfers but does offer PayPal; both brokers accept Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals.
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 | iFOREX | |
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| Trust Score | 73 | 75 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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| Regulation | BDSwiss | iFOREX | |
|---|---|---|---|
| Trust Score | 73 | 75 | |
| Year Founded | 2012 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 750 | |
| Forex Pairs (Total) | 53 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | BDSwiss | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | BDSwiss | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BDSwiss | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 73 | 75 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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