Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs Libertex (Forex Club), 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 and Libertex (Forex Club), which has been around since 1997, are both online brokers that feature prominently in the forex trading landscape. Neither is publicly traded nor operates as a bank, yet each broker has secured one Tier-1 license, indicating a level of high trust from regulatory authorities. The ForexBrokers.com Trust Score shows both BDSwiss and Libertex (Forex Club) with a rating of 73 out of 99, placing them in the average risk category. In terms of regulatory standing, they are fairly even, as neither holds any Tier-2 licenses, which reflects their trusted status.
Given this regulatory framework, both brokers provide a similar level of transparency and security for their users, making them comparable options for traders looking for established platforms with reasonable credibility. While their non-exchange trading status and banking independence exist, the lone Tier-1 license each broker holds provides a significant nod to their reliability in a complex financial environment.
| Feature |
BDSwiss
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2012 | 1997 |
| 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 | 0 |
When comparing the commissions and fees of BDSwiss and Libertex (Forex Club), BDSwiss presents a more advantageous option for traders seeking competitive rates with transparent spreads. BDSwiss offers three types of accounts: Classic, Raw, and VIP. The Classic account has a spread of 1.5 pips on the popular EUR/USD pair, which is considered pricey compared to the best in the industry. The Raw account offers a more competitive rate with a spread of 0.3 pips plus a $5 commission per side, equating to an effective spread of 1.3 pips. The VIP account offers a slightly better spread of 1.2 pips.
In contrast, Libertex (Forex Club) lacks publicly available average spread data, making it challenging for traders to gauge the potential costs accurately. However, it is known for charging a commission that varies depending on the asset class, rather than traditional spreads, which could appeal to certain trading strategies. Despite this, the lack of transparency around typical costs can be a drawback for those who prioritize clarity in pricing structures.
BDSwiss receives a commendable rating of 4 out of 5 stars in the commissions and fees section, ranking at 29th among 62 brokers according to ForexBrokers.com. This reflects its competitiveness in the market. On the other hand, Libertex (Forex Club) is rated at 3 out of 5 stars, placing it at 61st in the same category. This lower ranking indicates that Libertex may have higher or less transparent fees compared to its peers. Overall, BDSwiss appears to be the more appealing choice for those prioritizing competitive commissions and fee structures.
| Feature |
BDSwiss
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $10 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments provided by BDSwiss and Libertex (Forex Club), BDSwiss emerges as the more diverse option with 1081 tradeable symbols, significantly surpassing Libertex's offering of 300 tradeable symbols. Both brokers enable clients to engage in forex trading through CFDs, and while BDSwiss offers 53 tradeable forex pairs, Libertex is slightly behind with 51 pairs. However, neither broker provides access to exchange-traded securities on U.S. or international exchanges, leaving investors without the option to directly purchase shares of companies like Apple or Vodafone. Both platforms do offer the option for copy trading, as well as the ability to engage in cryptocurrency derivatives trading, though not in actual cryptocurrency purchases.
In terms of ratings and rankings, BDSwiss is awarded 4 stars for its range of investments, ranking 34th among 62 brokers as per ForexBrokers.com, while Libertex receives a 3.5-star rating, ranking 53rd. This suggests that although both brokers offer a variety of trading options, BDSwiss provides a slightly broader range with higher customer satisfaction concerning the diversity of investment opportunities available.
| Feature |
BDSwiss
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 300 |
| Forex Pairs (Total) | 53 | 51 |
| 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.
BDSwiss and Libertex (Forex Club) both provide traders with a well-rounded suite of trading platforms and tools. Each broker offers a proprietary platform and supports popular choices like MetaTrader 4 (MT4), although BDSwiss goes a step further by also offering MetaTrader 5 (MT5). Both platforms are available across various interfaces, including Windows-based desktop downloads and web-based browsers, ensuring flexibility and convenience for users. Furthermore, they both cater to novice traders by providing free virtual demo accounts for simulated trading, and they support copy trading, allowing users to mimic the trades of experienced investors.
When comparing the charting tools, Libertex shines by offering a wider selection of drawing tools—30 compared to BDSwiss's 15—though both facilitate trading directly from stock charts, enhancing user efficiency. Each broker offers watch list customization with up to seven columns. Despite both achieving a solid four-star rating for their trading platforms and tools, BDSwiss stands out, ranking #24 out of 62 brokers according to ForexBrokers.com, while Libertex ranks at #50. This may suggest that while both have comprehensive offerings, BDSwiss's additional features like MT5 support and higher ranking could provide a slight edge for some traders.
| Feature |
BDSwiss
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both BDSwiss and Libertex (Forex Club) offer accessible mobile trading apps for iPhone and Android users, ensuring on-the-go convenience for traders. Users will find that both apps provide essential features like stock or forex price alerts, as well as the ability to create watchlists with real-time quotes. Chart enthusiasts will appreciate the availability of 30 technical studies and the option to draw trendlines on charts within both apps. Moreover, both platforms support multiple time frames, from daily to intraday views, enhancing chart analysis flexibility.
However, there are notable differences to consider. Libertex offers watchlist symbol syncing, allowing seamless updates across mobile and online accounts, whereas this feature is absent in the BDSwiss app. Conversely, BDSwiss automatically saves drawings on charts, a convenience not available with Libertex. Despite these distinctions, both apps have received a solid rating of 4 stars for mobile trading. However, BDSwiss holds a higher ranking, coming in at #23 out of 62 brokers, compared to Libertex's position at #48, according to ForexBrokers.com.
| Feature |
BDSwiss
|
Libertex (Forex Club)
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When choosing between BDSwiss and Libertex (Forex Club) for market research, BDSwiss offers a more comprehensive package. They provide daily market commentary to keep traders updated with the latest trends. Libertex, on the other hand, excels in delivering forex news from top-tier sources, including Bloomberg, Reuters, and Dow Jones, which BDSwiss lacks. Yet, BDSwiss compensates by offering advanced analysis tools from companies like Autochartist and Trading Central, which are absent in Libertex's offerings. Both platforms provide an economic calendar to track global news events, but neither includes sentiment-based trading tools, TipRanks research, or Acuity Trading tools.
In terms of research quality, BDSwiss is awarded a 4-star rating, standing at 23rd place out of 62 brokers according to ForexBrokers.com. In contrast, Libertex holds a 3-star rating and ranks 60th. This suggests that while BDSwiss may not offer top-tier forex news, its overall research resources and tools are more favorable for detailed analysis compared to Libertex. Thus, for traders prioritizing research tools over news sources, BDSwiss presents a more appealing choice.
| Feature |
BDSwiss
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| 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 it comes to educational resources for beginner traders, BDSwiss and Libertex offer varied experiences. BDSwiss provides a comprehensive suite of learning materials, including over ten educational articles and videos specifically focused on forex and CFDs. In addition, BDSwiss hosts monthly online webinars, which are also available in a searchable archive for easy access to past sessions. Beginners benefit from a series of more than ten beginner-focused videos, helping them grasp trading fundamentals at their own pace. BDSwiss also caters to more seasoned traders with advanced video content, and it offers an investor dictionary with over 50 key terms to further enhance learning.
On the other hand, Libertex delivers a selection of educational content that also includes over ten pieces such as articles and videos covering forex and CFDs, and they offer advanced trading videos for experienced participants. However, Libertex does not provide monthly educational webinars or an archive of recorded sessions, which might limit the learning avenues accessible to users. Additionally, the lack of a comprehensive investor dictionary means learners must seek definitions and explanations outside the platform. When evaluated by ForexBrokers.com, BDSwiss earns a higher education rating with four stars and ranks 19th among 62 brokers, whereas Libertex receives three stars and ranks 57th, highlighting the broader educational resources available through BDSwiss.
| Feature |
BDSwiss
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Libertex (Forex Club). BDSwiss finished with an overall rank of #36, while Libertex (Forex Club) finished with an overall rank of #60.
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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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 73 |
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Both BDSwiss and Libertex (Forex Club) do not offer the option to buy actual delivered cryptocurrency, but they both provide the ability to purchase cryptocurrency derivatives.
While both BDSwiss and Libertex (Forex Club) accommodate ACH, SEPA, Skrill, and bank wire transactions for depositing or withdrawing funds, only Libertex supports PayPal, whereas BDSwiss uniquely enables Visa and Mastercard payments.
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 | Libertex (Forex Club) | |
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| Trust Score | 73 | 73 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
| Broker Screenshots | BDSwiss | Libertex (Forex Club) | |
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| Regulation | BDSwiss | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 73 | 73 | |
| Year Founded | 2012 | 1997 | |
| 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 | 0 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 300 | |
| Forex Pairs (Total) | 53 | 51 | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | BDSwiss | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BDSwiss | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BDSwiss | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
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| Trust Score | 73 | 73 | |
| Winner | check_circle | ||
| Review | BDSwiss Review |
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