Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs Spreadex, 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 BDSwiss and Spreadex, it's essential to consider their trustworthiness and regulatory insights. Founded in 2012, BDSwiss holds one Tier-1 license, indicating a high level of trust, and has a Trust Score of 73 according to ForexBrokers.com. In contrast, Spreadex, established in 1999, also possesses one Tier-1 license but holds a slightly lower Trust Score of 71. These scores place both brokers in the average risk category, suggesting a reasonable level of confidence for online trading.
Neither BDSwiss nor Spreadex is publicly traded or operates as a bank, providing a similar groundwork in their business operations. With the lack of Tier-2 licenses, which are considered trusted, potential users should weigh these factors alongside personal preferences and trading needs when selecting an online broker. Both platforms present comparable levels of trust and regulation adherence, making them viable options for traders.
| Feature |
BDSwiss
|
Spreadex
|
|---|---|---|
| Year Founded | 2012 | 1999 |
| 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 online brokers BDSwiss and Spreadex, traders will find distinct differences in cost structure. BDSwiss offers a few account types with varying spreads and commissions. The Classic account has a spread of 1.5 pips on EUR/USD, which is higher than many industry competitors. In contrast, the Raw account features tighter spreads at 0.3 pips plus a $5 commission per side, leading to an effective spread of 1.3 pips. The VIP account, meanwhile, offers a spread of 1.2 pips. Overall, BDSwiss garners a 4-star rating for its commissions and fees and ranks 29th out of 62 brokers according to ForexBrokers.com.
Spreadex provides competitive pricing with average spreads on EUR/USD at 0.81 pips for January 2024, and benefits traders by having a minimum spread of 0.6 pips for 60% of the time over the month. This broker's approach appeals to those seeking cost-effectiveness in their trades, yet it's noted that both Spreadex and BDSwiss receive the same 4-star commission and fees rating. However, Spreadex ranks slightly lower, placed 30th out of 62 brokers by ForexBrokers.com.
The choice between BDSwiss and Spreadex may come down to trader preference for account types and spread consistency. While BDSwiss offers more account options with varying commission structures, Spreadex boasts lower average spreads. Both brokers are respected and rated similarly, yet attract different types of traders based on their unique offerings. Traders should consider their specific trading needs and preferences when selecting the broker that best suits them.
| Feature |
BDSwiss
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $0 |
| Average Spread EUR/USD - Standard | 1.6 | 0.81 |
| 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 | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by online brokers BDSwiss and Spreadex, both platforms provide forex trading opportunities through CFDs or spot contracts. BDSwiss houses a selection of 1,081 tradeable symbols, including 53 forex pairs, while Spreadex stands out with a vast array of 10,000 tradeable symbols, including 52 forex pairs. Neither broker allows for direct investment in exchange-traded securities on U.S. or international exchanges, which means options like buying shares of Apple or Vodafone are not available directly through them. However, both platforms support trading cryptocurrency derivatives, though neither offers actual cryptocurrency purchases.
For those interested in copying trades, BDSwiss offers this feature, whereas Spreadex does not. Despite BDSwiss providing a comprehensive variety of investment options and earning a respectable four-star rating, Spreadex receives a higher five-star rating for its broader spectrum of available investments. According to ForexBrokers.com, BDSwiss ranks 34th out of 62 brokers, while Spreadex ranks a notable 13th, reflecting its more extensive investment offerings. Overall, Spreadex presents a wider selection of tradeable assets, making it a compelling choice for traders seeking more diverse investment opportunities.
| Feature |
BDSwiss
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 10000 |
| Forex Pairs (Total) | 53 | 52 |
| 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 examining trading platforms and tools, BDSwiss and Spreadex each have their unique offerings suited for different trader preferences. BDSwiss stands out with its suite of options, providing a free virtual demo account which lets users practice without financial risk. Both brokers offer proprietary platforms, but BDSwiss takes it further by also supporting MetaTrader 4 and 5, enhancing the range of tools available for traders. While Spreadex only offers a web-based platform, BDSwiss includes a Windows-based desktop download option for those preferring that setup. Lastly, for traders interested in replicating successful strategies, BDSwiss supports copy trading, a feature not available on Spreadex.
In terms of charting tools, BDSwiss provides 15 drawing tools and lets users trade directly from stock charts, similar to Spreadex. However, BDSwiss offers slightly fewer columns for watch lists compared to Spreadex's 8. Both brokers are comparably rated with 4 stars for their platforms and tools, though BDSwiss is ranked higher by ForexBrokers.com, coming in at #24, significantly ahead of Spreadex, which is ranked #46 out of 62 brokers. This difference in ranking may make BDSwiss more appealing to traders who prioritize platform features and extensive tool offerings.
| Feature |
BDSwiss
|
Spreadex
|
|---|---|---|
| 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 | 55 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BDSwiss and Spreadex both offer comprehensive mobile trading app experiences for iPhone and Android users. Both platforms provide the functionality to receive stock and forex price alerts, draw trendlines on charts, and view multiple time frames, such as daily, weekly, or intraday. Additionally, both apps enable users to create watchlists with real-time quotes. However, a notable difference lies in chart auto-saving capabilities: BDSwiss saves drawings automatically, while Spreadex does not.
When it comes to technical studies offered within their charting features, BDSwiss provides 30 studies, whereas this feature's availability is unclear for Spreadex. Neither app offers watchlist symbol syncing between the mobile app and the online account. In terms of user ratings, both apps score 4 out of 5 stars, but BDSwiss holds a higher rank, listed as #23 out of 62 brokers, compared to Spreadex's #49 position according to ForexBrokers.com.
| Feature |
BDSwiss
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| 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 comparing BDSwiss and Spreadex, both online brokers provide daily market commentary and feature an economic calendar highlighting global economic events. However, a key differentiator emerges in their sources of forex news. Spreadex offers access to top-tier forex news sources such as Bloomberg and Reuters, whereas BDSwiss does not. Meanwhile, BDSwiss provides technical analysis tools from Autochartist and Trading Central, offering traders valuable insights for making informed decisions. Spreadex, on the other hand, stands out by offering a sentiment-based trading tool that reveals the ratio of long and short positions across various currency pairs, a feature absent from BDSwiss’s portfolio.
In terms of research ratings, both BDSwiss and Spreadex are evaluated at four stars each, yet they rank differently among peers. BDSwiss holds the 23rd spot out of 62 brokers in the Research category according to ForexBrokers.com, while Spreadex is positioned at 31st. Despite some differences in research tools and methodologies, each broker caters to various trader preferences and needs. This comparison underscores the importance of understanding what specific features matter most to individual trading strategies when choosing the right broker for market research.
| Feature |
BDSwiss
|
Spreadex
|
|---|---|---|
| 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 | 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 providing educational resources for beginners, both BDSwiss and Spreadex deliver essential materials to help newcomers navigate forex and CFDs. Each broker offers a minimum of 10 educational pieces, such as articles, videos, and archived webinars. While both platforms have a similar foundation, BDSwiss stands out by hosting monthly online educational webinars, giving beginners an interactive learning experience that Spreadex does not provide. Additionally, BDSwiss has a searchable archive of these webinars, allowing users to catch up on lessons they might have missed.
Both BDSwiss and Spreadex offer over ten beginner-focused educational videos tailored to those new to trading. However, BDSwiss goes a step further by also offering advanced educational videos for more experienced traders, something Spreadex lacks. Each platform provides an investor dictionary with definitions of at least 50 investing terms, ensuring users understand the jargon. With these features combined, BDSwiss slightly edges ahead in the rankings, securing the 19th spot compared to Spreadex's 45th position. Despite having the same four-star rating for education, BDSwiss offers a more comprehensive array of resources for those looking to deepen their trading knowledge.
| Feature |
BDSwiss
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | 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 Spreadex. BDSwiss finished with an overall rank of #36, while Spreadex finished with an overall rank of #39.
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
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 71 |
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Both BDSwiss and Spreadex do not provide the option to buy actual delivered cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives.
BDSwiss and Spreadex both allow Visa, Mastercard, and bank wire transactions for deposits and withdrawals, but BDSwiss uniquely supports ACH, SEPA, and Skrill, whereas Spreadex does not offer these options, and neither platform provides PayPal support.
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 | Spreadex | |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | Spreadex Review |
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| Regulation | BDSwiss | Spreadex | |
|---|---|---|---|
| Trust Score | 73 | 71 | |
| Year Founded | 2012 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | BDSwiss | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 10000 | |
| Forex Pairs (Total) | 53 | 52 | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | BDSwiss | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 55 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BDSwiss | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| 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 | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | BDSwiss | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | Spreadex Review |
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