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 both offer competitive options for traders concerned with commissions and fees, though they have their differences. BDSwiss, with a four-star rating in commissions and fees, ranks #29 out of 62 brokers on ForexBrokers.com for this category. The broker provides several account types, with its Classic account presenting a spread of 1.5 pips on the EUR/USD, which may seem high compared to industry leaders. Their Raw account, however, offers a slightly better deal featuring an effective spread of 1.3 pips when including the $5 commission per side. Meanwhile, the VIP account delivers a spread of 1.2 pips.
TopFX, also rated four stars in commissions and fees, is ranked #40 by ForexBrokers.com. It offers two primary account types available on both MetaTrader and cTrader platforms: the ZERO account and the RAW account. The RAW account is commission-based, with a charge of 2.75 EUR per side and average spreads of 0.33 pips on the EUR/USD. This results in an all-in cost of about 0.88 pips, aligning well with the industry average. In contrast, the ZERO account skips the commission but comes with higher spreads, averaging 1.03 pips on the EUR/USD.
In summary, BDSwiss may appeal to those who prioritize account diversity and are willing to pay slightly higher fees for certain accounts. On the other hand, TopFX seems to cater to traders seeking options available on popular platforms like MetaTrader and cTrader, with the flexibility to choose between no-commission and commission-based accounts based on 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.
When it comes to trading platforms and tools, both BDSwiss and TopFX offer a range of options tailored for traders at different levels. BDSwiss provides a proprietary platform, developed in-house, alongside popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). In contrast, TopFX does not feature a proprietary platform and only includes MT4. Both brokers offer Windows-based desktop platforms and web-based trading options, ensuring accessibility whether you're at home or on the go. Copy trading is available through both BDSwiss and TopFX, however, neither offers DupliTrade or ZuluTrade services. Both brokers offer the option to trade directly from stock charts, with each providing 15 drawing tools for charting needs. Additionally, they both support creating watch lists with seven customizable columns for fields.
Despite BDSwiss's inclusion of MT5 and a proprietary platform, both brokers receive an equal rating of four out of five stars for their trading platforms and tools. However, BDSwiss ranks higher, at #24, while TopFX is positioned at #44 among 62 brokers reviewed by ForexBrokers.com in this category. Both platforms support simulated trading through free virtual demo accounts, making them friendly for those looking to test strategies in a risk-free environment. This makes both BDSwiss and TopFX viable options for traders seeking comprehensive tools, though BDSwiss slightly edges ahead in offerings and ranking.
| 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 comparing the mobile trading apps of BDSwiss and TopFX, both platforms offer robust functionality for iPhone and Android users. Traders can receive stock or forex price alerts and set up watchlists with real-time quotes. They also have access to a variety of charting tools, including 30 technical studies and the ability to draw trendlines and switch between multiple time frames like daily, weekly, or intraday. Additionally, both apps support auto-saving of chart drawings. However, neither platform offers the feature to sync watchlists between the app and the online account, meaning changes in one do not reflect automatically in the other.
In terms of user ratings, both BDSwiss and TopFX earn four stars for their mobile trading apps. However, BDSwiss ranks higher in the Mobile Trading Apps category, securing the 23rd spot out of 62 brokers according to ForexBrokers.com, while TopFX is ranked at 51. This higher ranking suggests BDSwiss may offer a slightly more favorable user experience, but both apps provide essential trading features that cater to both beginner and professional traders looking to manage their investments on the go.
| 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 it comes to market research capabilities, BDSwiss offers a comprehensive package that stands out with its daily market commentary, providing traders with timely insights into market movements. While it does not cover forex news from top-tier sources like Bloomberg or Reuters, it makes up for it by providing advanced research tools from Autochartist and Trading Central, allowing for in-depth technical analysis. Although it lacks a sentiment-based trading tool, BDSwiss complements its offerings with an economic calendar that highlights essential global economic events, earning it a research rating of 4 stars and a respectable 23rd place ranking out of 62 brokers by ForexBrokers.com.
TopFX, on the other hand, excels by offering forex news from leading sources such as Bloomberg and Reuters, ensuring traders stay informed about critical market developments. In addition, TopFX provides research tools from Autochartist and Trading Central, enhancing their technical analysis capabilities. They offer a sentiment-based trading tool, letting traders gauge market outlooks based on position ratios, yet, like BDSwiss, TopFX skips tools from TipRanks and Acuity Trading. Despite having an economic calendar, TopFX's offerings result in a lower research rating of 3 stars, positioning them at 59th among 62 brokers in the research category according to ForexBrokers.com.
| 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
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TopFX
|
|---|---|---|
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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 |
| Broker Screenshots | BDSwiss | TopFX | |
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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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