Written by ForexBrokers.com
In this head to head comparison of Trade Nation vs BDSwiss, 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.
Trade Nation and BDSwiss are two well-regarded online brokers, each with unique strengths in regulatory compliance. Established in 2014, Trade Nation holds two Tier-1 licenses and one Tier-2 license, reflecting a solid regulatory foundation. Its Trust Score of 85 out of 99 from ForexBrokers.com positions it within the 'trusted' category, providing users with a strong sense of security. Although Trade Nation is not publicly traded or a bank, its regulatory credentials indicate a commitment to maintaining trust in the industry.
BDSwiss, founded in 2012, attracts users by holding one Tier-1 license. However, it does not possess Tier-2 licenses, suggesting a more conservative regulatory approach compared to Trade Nation. With a Trust Score of 73, BDSwiss falls into the 'average risk' category, which might appeal to those who prioritize regulatory oversight in their trading activities. Like Trade Nation, BDSwiss is neither publicly traded nor a bank, allowing them to focus solely on brokerage services.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Year Founded | 2014 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the commissions and fees of Trade Nation and BDSwiss, Trade Nation stands out with its competitive and transparent fixed-spread pricing. On its proprietary TN Trader platform, Trade Nation offers a fixed spread of 0.6 pips for the EUR/USD pair, although this can widen to 1.4 pips during the daily rollover period, with a true average closer to 1 pip. This approach simplifies trading costs, making it easy for traders to predict and manage their expenses. Trade Nation's three account options include two MetaTrader-based choices and its proprietary TN Trader account, each with unique pricing structures. The Raw Spread account, for instance, charges a $3.50 commission per side, totaling $7 per round-trip, per standard lot. With a 5-star rating and a #7 ranking out of 62 brokers by ForexBrokers.com, Trade Nation presents a strong option for cost-conscious traders.
In contrast, BDSwiss shows good order execution statistics but features higher spreads compared to leading industry competitors. For the EUR/USD pair, the Classic account offers a spread of 1.5 pips, while the Raw account offers a more competitive cost structure with a spread of 0.3 pips plus a $5 commission per side, resulting in an effective spread of 1.3 pips. The VIP account, offering a spread of 1.2 pips, is slightly more competitive. Despite its good performance, BDSwiss receives a 4-star rating and ranks #29 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
Overall, Trade Nation demonstrates a more cost-effective trading environment with its predictably fixed spreads and lower overall costs. BDSwiss, while providing good execution, has higher spread costs but does offer competitive options in its Raw and VIP accounts. When choosing between these two brokers, traders should consider their specific needs and preferences regarding spread types and trading platforms.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Minimum Deposit | $0 | $10-$5000 |
| Average Spread EUR/USD - Standard | 0.6 | 1.6 |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| 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 investment options of Trade Nation and BDSwiss, both brokers provide opportunities for forex trading in the form of CFDs or spot contracts, catering to those interested in currency markets. Trade Nation offers a total of 1,000 tradeable symbols, including 46 forex pairs, whereas BDSwiss expands slightly with 1,081 tradeable symbols and 53 forex pairs, making it slightly more attractive for forex traders. Neither platform provides the option to trade exchange-traded securities on U.S. or international exchanges, meaning direct investments in popular stocks, such as Apple or Vodafone, are unavailable through both brokers.
Both Trade Nation and BDSwiss support copy trading, allowing less experienced traders to mirror the trades of more seasoned investors. Additionally, they offer the ability to trade derivatives of cryptocurrencies, without the option to buy actual cryptocurrencies. In terms of investment variety, BDSwiss edges out with a rating of 4 stars compared to Trade Nation’s 3.5 stars. Likewise, BDSwiss ranks #34 in the Range of Investments category on ForexBrokers.com, while Trade Nation follows behind at #38, highlighting BDSwiss as the slightly more comprehensive choice for traders seeking a broader range of investment options.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 1081 |
| Forex Pairs (Total) | 46 | 53 |
| 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.
Both Trade Nation and BDSwiss offer a comprehensive suite of trading platforms and tools, catering to a wide range of trader needs. Each broker provides a proprietary platform developed in-house, combined with the availability of paper trading through a virtual demo account for practice. Users can access both a Windows-based desktop platform and a web-based trading platform for flexibility. For those interested in social trading features, both brokers offer the ability to copy trade. Moreover, they both support the widely-used MetaTrader 4 (MT4), although only BDSwiss offers MetaTrader 5 (MT5) for those seeking more advanced features. Neither broker supports DupliTrade or ZuluTrade, but BDSwiss holds an edge with the ability to trade directly from a stock chart—a feature missing in Trade Nation.
When it comes to charting tools, Trade Nation surpasses BDSwiss by offering 39 drawing tools compared to BDSwiss's 15. However, BDSwiss strikes back with the ability to trade directly from charts, which is absent in Trade Nation's offerings. In terms of watch list customization, Trade Nation provides more options, with 14 columns available versus BDSwiss's 7. Despite both brokers being rated four stars for their trading platforms and tools, BDSwiss ranks higher, placed at #24 out of 62 brokers on ForexBrokers.com, while Trade Nation follows at #45. This ranking hints at a slightly more favorable perception of BDSwiss in terms of overall platform capabilities and offerings.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| 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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 99 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Trade Nation and BDSwiss, both brokers offer apps for iPhone and Android users, providing essential trading tools on the go. They each support stock or forex price alerts and let users draw trendlines while viewing multiple time frames on charts. However, a notable difference is their capability to sync watchlists; Trade Nation allows seamless syncing between mobile and online accounts, while BDSwiss does not. Trade Nation excels with 99 technical studies available for charting, compared to BDSwiss's 30 studies, although both apps auto-save chart drawings to enhance user convenience.
Despite these differences, both brokers offer the ability to create watchlists with real-time quotes, catering to traders who require up-to-the-minute data. User ratings for their mobile apps are equal, with both receiving four stars. Nevertheless, in the ForexBrokers.com rankings, BDSwiss holds a higher position at #23, suggesting its app might offer a slightly more favorable user experience overall compared to Trade Nation, which is ranked #45. Ultimately, the choice between these apps may come down to personal preferences in features such as charting tools and account syncing capabilities.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 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 market research features between Trade Nation and BDSwiss, some distinctions stand out. Trade Nation provides traders with reliable forex news from top sources like Bloomberg and Reuters but lacks daily market commentary. They also offer a sentiment-based trading tool to assist users in gauging trading positions across various instruments. Additionally, Trade Nation collaborates with Acuity Trading to provide tools like Signal Centre. However, they do not offer research tools from Autochartist or Trading Central, leaving a gap for those who might rely on technical analysis or fundamental research.
In contrast, BDSwiss emphasizes daily market commentary to keep traders updated with the latest trends. While they do not provide forex news from premier sources, BDSwiss compensates by offering advanced technical and fundamental research tools from companies like Autochartist and Trading Central. They also feature an economic calendar that lists current and upcoming global news events, which can be invaluable for strategic planning. Overall, BDSwiss scores higher in the research category with a 4-star rating and ranks 23rd out of 62 brokers, compared to Trade Nation's rating of 3.5 stars and a ranking of 42nd.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Trade Nation and BDSwiss offer valuable materials, but they cater to different learning needs. Trade Nation provides a solid foundation with more than 10 educational pieces focused on forex and CFDs, including a collection of beginner videos. However, they do not host regular online webinars or maintain an archive of past webinars, which might be a drawback for those who benefit from interactive learning. In contrast, BDSwiss not only offers a variety of educational materials on forex and CFDs, but they also conduct monthly online webinars and keep a searchable archive of previous sessions, allowing learners to revisit content at their convenience.
BDSwiss stands out for offering more in-depth resources such as advanced educational videos and an investor dictionary with over 50 terms, helping traders to deepen their understanding as they progress. This comprehensive approach could explain why BDSwiss receives a slightly higher rating of 4 stars compared to Trade Nation’s 3.5 stars for education. Furthermore, BDSwiss is ranked 19th among 62 brokers by ForexBrokers.com for education, while Trade Nation falls behind at 42nd place. Overall, beginners looking for a more dynamic and advanced learning experience might find BDSwiss to be the better choice.
| Feature |
Trade Nation
|
BDSwiss
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Trade Nation is better than BDSwiss. Trade Nation finished with an overall rank of #34, while BDSwiss finished with an overall rank of #36.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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BDSwiss
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|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 73 |
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Both Trade Nation and BDSwiss provide opportunities for investors to engage in cryptocurrency trading through derivatives rather than purchasing actual, delivered cryptocurrencies.
In comparing online brokers, Trade Nation and BDSwiss, it's noteworthy that while both facilitate deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, only BDSwiss provides the option for ACH or SEPA transfers, neither supports PayPal transactions.
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 | Trade Nation | BDSwiss | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | BDSwiss Review |
| Broker Screenshots | Trade Nation | BDSwiss | |
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| Regulation | Trade Nation | BDSwiss | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2014 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | BDSwiss | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | BDSwiss | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | BDSwiss | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 1081 | |
| Forex Pairs (Total) | 46 | 53 | |
| 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 | Trade Nation | BDSwiss | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 1.6 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | Trade Nation | BDSwiss | |
|---|---|---|---|
| Minimum Deposit | $0 | $10-$5000 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Trade Nation | BDSwiss | |
|---|---|---|---|
| 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | BDSwiss | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 99 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | BDSwiss | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | BDSwiss | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | BDSwiss | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Trade Nation | BDSwiss | |
|---|---|---|---|
| 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 | Trade Nation Review | BDSwiss Review |
| Overall | Trade Nation | BDSwiss | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | BDSwiss Review |
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