Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs TopFX, 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 is an online broker that holds one Tier-1 license, which ForexBrokers.com considers highly trusted. Despite not being a publicly traded company or a bank, it has managed to earn a Trust Score rating of 73 out of 99, placing it in the average risk category. This score implies a moderate level of trust when compared to other brokers in the industry.
TopFX, established in 2010, likewise has one Tier-1 license but no Tier-2 licenses, similar to BDSwiss. Not publicly traded and not a bank, TopFX has a slightly lower Trust Score of 67, placing it in the high-risk category. This indicates a lower level of trust compared to BDSwiss, according to ratings on ForexBrokers.com. While both brokers share some similarities in their foundational structures, their trust ratings suggest differing risk levels for potential users.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Year Founded | 2012 | 2010 |
| 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 |
BDSwiss and TopFX are both recognized online brokers, each with distinct approaches to commissions and fees. BDSwiss offers three account types: the Classic, Raw, and VIP accounts. The Classic account has a relatively high spread of 1.5 pips on the EUR/USD, while the Raw account features a spread of 0.3 pips plus a $5 commission per side, totaling an effective spread of 1.3 pips. The VIP account slightly reduces the spread to 1.2 pips. BDSwiss has been rated 4 out of 5 stars for its commissions and fees, ranking #30 out of 62 brokers according to ForexBrokers.com.
TopFX provides two main account options, available on both MetaTrader and cTrader platforms: the spread-only ZERO account and the commission-based RAW account. The RAW account requires a commission of 2.75 EUR per side, which amounts to 5.50 EUR for a round-turn standard lot. With an average spread of 0.33 pips on the EUR/USD for July 2024 and the commission translated into 0.55 pips per round-turn, the all-in costs amount to approximately 0.88 pips, aligning with industry averages. In contrast, the ZERO account is commission-free but has a higher average spread of 1.03 pips. Like BDSwiss, TopFX is awarded a 4-star rating for commissions and fees, though it ranks slightly lower at #40 according to ForexBrokers.com.
In summary, both BDSwiss and TopFX offer competitive yet differing commission structures. BDSwiss tends toward higher spreads with its Classic account but counters this with the lower effective costs of its Raw and VIP accounts. Meanwhile, TopFX offers a transparent cost structure through its RAW account with moderate all-in costs, whereas the ZERO account caters to those preferring spread-only fees. Both brokers exhibit strengths in their respective structures, appealing to diverse trading preferences.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Minimum Deposit | $10-$5000 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.6 | 1.03 |
| All-in Cost EUR/USD - Active | 1.3 | 0.88 |
| 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 the range of investments offered by BDSwiss and TopFX, both brokers provide forex trading options via CFDs or spot contracts. BDSwiss boasts a more extensive selection with 1,081 tradeable symbols, while TopFX offers 655. In terms of forex pairs, TopFX slightly outshines BDSwiss, offering 60 pairs compared to BDSwiss's 53. Neither platform facilitates the purchase of exchange-traded securities on U.S. or international exchanges, such as shares in Apple or Vodafone. However, both brokers enable copy trading, which allows you to mirror the trades of successful investors, and offer cryptocurrency derivatives for those looking to venture into digital currencies without purchasing them directly.
In terms of ratings, BDSwiss scores higher for its range of investment options with 4 out of 5 stars, compared to TopFX's 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where BDSwiss is positioned at #34, while TopFX is ranked at #46 out of 62 brokers. This suggests that BDSwiss might be a favorable choice for those seeking a broader spectrum of investment opportunities, although TopFX holds its ground with a slightly larger variety of forex pairs. Both platforms provide strong options for traders looking to explore forex and cryptocurrency derivatives, but BDSwiss's extensive range of symbols might offer a more diverse trading experience overall.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 655 |
| Forex Pairs (Total) | 53 | 60 |
| 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 TopFX both support and offer several features that appeal to traders looking for versatile platforms. Both brokers provide a free virtual demo account, allowing users to practice trading without financial risk. They each offer Windows-based desktop download trading platforms and web-based alternatives, ensuring accessibility across devices. Additionally, BDSwiss and TopFX offer copy trading and the popular MetaTrader 4 (MT4) platform. However, BDSwiss edges out a bit ahead with the inclusion of MetaTrader 5 (MT5) and a proprietary platform, further enhancing the trading experience for those who prefer in-house developed tools.
When it comes to charting tools, BDSwiss and TopFX both provide 15 drawing tools and the functionality to trade directly from a stock chart. Both brokers set up watch lists with up to 7 columns, but neither offers DupliTrade or ZuluTrade. Despite both receiving a solid 4-star rating in the Trading Platforms and Tools category, BDSwiss is ranked higher at #24 out of 62 brokers on ForexBrokers.com, compared to TopFX's rank of #45. This suggests a slight edge in trading platform offerings for BDSwiss, making it a potentially more appealing option for traders who prioritize in-house innovation and platform variety.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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.
When it comes to mobile trading, both BDSwiss and TopFX have crafted apps for iPhone and Android users, making them accessible to a wide range of traders. Each offers stock and forex price alerts and enables users to draw trendlines and view charts across multiple time frames. With 30 technical studies available for charting, both platforms allow for in-depth market analysis directly on your mobile device. Additionally, both apps auto-save your chart drawings and permit the creation of a watchlist with real-time quotes, making trade management straightforward and efficient.
While both apps lack watchlist symbol syncing between mobile and online accounts, there's a notable difference in their industry rankings. According to ForexBrokers.com, BDSwiss holds a higher position at 24th out of 62 brokers, while TopFX stands at 51st for the Mobile Trading Apps category. Despite this ranking difference, both apps receive a solid four out of five stars for user experience, demonstrating that they provide a reliable and quality mobile trading experience for their users.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of BDSwiss and TopFX, several key differences stand out. BDSwiss provides daily market commentary and uses tools from companies like Autochartist and Trading Central, making it a strong choice for those who value consistent updates and technical analysis. However, it does not offer forex news from leading sources such as Bloomberg or Reuters, nor does it have sentiment-based trading tools, which may limit some investors who rely on these features. TopFX, on the other hand, stands out by offering forex news from top-tier sources and a sentiment-based trading tool, catering to traders who prioritize comprehensive news coverage and market sentiment insights.
Both brokers offer technical tools from Autochartist and Trading Central, as well as economic calendars to keep traders informed about global events. Yet, neither BDSwiss nor TopFX integrates services from TipRanks or Acuity Trading. According to ratings by ForexBrokers.com, BDSwiss enjoys a higher research rating of 4 stars and is ranked 24th out of 62 brokers, while TopFX receives 3 stars and is ranked 59th. This suggests BDSwiss may provide a more well-rounded market research experience for traders who prioritize diverse analytical tools and regular commentary.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| 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 newcomers looking to explore forex and CFDs, BDSwiss stands out as a more comprehensive choice compared to TopFX. BDSwiss provides over ten educational pieces, including articles, videos, and archived webinars that focus primarily on forex and CFDs. In contrast, TopFX doesn't meet this criterion. Moreover, BDSwiss offers monthly online educational webinars for clients, along with a searchable archive of previously recorded sessions, which is a feature TopFX does not provide.
BDSwiss caters to both beginner and advanced traders with a tailored library of educational videos. For learners just starting, BDSwiss has over ten beginner videos, while more experienced traders can access an equally extensive range of advanced content. Additionally, an investor dictionary that defines more than 50 investing terms is available through BDSwiss but not with TopFX. This rich educational framework earns BDSwiss a 4-star rating and a rank of #19 out of 62 brokers in the Education category by ForexBrokers.com. TopFX, on the other hand, receives a 3-star rating and ranks at #60, highlighting the disparity in educational offerings between these two brokers.
| Feature |
BDSwiss
|
TopFX
|
|---|---|---|
| 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 | 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 TopFX. BDSwiss finished with an overall rank of #36, while TopFX finished with an overall rank of #61.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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Both BDSwiss and TopFX do not provide the option to purchase and deliver actual cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives.
When comparing online brokers BDSwiss and TopFX, BDSwiss supports ACH or SEPA transfers while TopFX does not, TopFX offers PayPal which BDSwiss lacks, and both brokers provide options for Skrill, Visa or Mastercard, and bank wires for depositing or withdrawing account funds.
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 | TopFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | TopFX Review |
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| Regulation | BDSwiss | TopFX | |
|---|---|---|---|
| Trust Score | 73 | 67 | |
| Year Founded | 2012 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 655 | |
| Forex Pairs (Total) | 53 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.03 | |
| All-in Cost EUR/USD - Active | 1.3 | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | TopFX | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | Depends on payment method | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | BDSwiss | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | BDSwiss | TopFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | TopFX Review |
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