Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs Xtrade, 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, considered highly trusted, and has a Trust Score of 73 according to ForexBrokers.com. Despite not being publicly traded or a bank, BDSwiss is seen as an average-risk broker in terms of reliability and trustworthiness.
Meanwhile, Xtrade, established in 2003, also possesses one Tier-1 license and carries a slightly higher Trust Score of 74, putting it in the average-risk category as well. Like BDSwiss, Xtrade is neither publicly traded nor a bank, but it offers an additional Tier-2 license, contributing to its slightly higher trust rating.
| Feature |
BDSwiss
|
Xtrade
|
|---|---|---|
| Year Founded | 2012 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
BDSwiss provides a comprehensive trading experience, though its fees and commissions are a bit higher compared to some top competitors. For its Classic account, traders can expect a spread of 1.5 pips on EUR/USD, which is on the higher side. The Raw account options offer a more competitive effective spread of 1.3, consisting of a 0.3 pip spread plus a $5 commission per side. Meanwhile, the VIP account presents a spread of 1.2 pips, making it slightly more cost-effective. BDSwiss secures a 4-star rating for its commissions and fees and is ranked 29th out of 62 brokers by ForexBrokers.com.
In contrast, Xtrade does not provide specific average spread data, making it challenging for traders to assess its cost-effectiveness transparently. Due to the lack of detailed information on spreads, Xtrade's commission and fees rating suffers, receiving only 2.5 stars. As a result, Xtrade ranks at the bottom of the list, holding the 62nd position out of 62 brokers on ForexBrokers.com's Commissions and Fees category.
When comparing both brokers, BDSwiss offers more transparency and generally more favorable conditions for traders, especially with its Raw and VIP accounts. Xtrade's lack of average spread data may leave some traders seeking more clarity. Ultimately, BDSwiss stands out as the better option for those focused on clear and slightly more competitive fee structures.
| Feature |
BDSwiss
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $250 |
| 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 | No |
| ACH or SEPA Transfers | Yes | No |
| 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.
BDSwiss and Xtrade both offer forex trading through CFDs, providing a straightforward way for investors to engage in currency exchange. However, BDSwiss stands out with a broader selection of tradeable symbols, offering 1081 options as compared to Xtrade's 482. When it comes to forex pairs, Xtrade offers a slightly higher number with 56 pairs, exceeding BDSwiss's offering of 53. Neither BDSwiss nor Xtrade gives clients the ability to invest in exchange-traded securities on U.S. or international exchanges, meaning buying shares like Apple or Vodafone directly is not possible through these platforms.
Investors interested in copy trading will find BDSwiss accommodating, while Xtrade does not provide this feature. For those looking at cryptocurrency, both brokers offer cryptocurrency derivatives, but neither allows buying actual cryptocurrencies. In terms of overall user ratings for their range of investments, BDSwiss earns 4 stars and a competitive position, ranked at #34 out of 62 brokers by ForexBrokers.com. Meanwhile, Xtrade holds a rating of 3.5 stars and is ranked #49, reflecting a lesser range of offerings in comparison to BDSwiss.
| Feature |
BDSwiss
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 482 |
| Forex Pairs (Total) | 53 | 56 |
| 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 comparing the trading platforms and tools offered by BDSwiss and Xtrade, both brokers provide simulated trading with free virtual demo accounts, making it easy for beginners to practice. BDSwiss excels by offering a proprietary platform, MetaTrader 4, and MetaTrader 5, along with a Windows-based desktop download option. This variety caters to a wide range of trader preferences. Additionally, BDSwiss features helpful tools like copy trading, giving traders the option to follow other successful investors. While BDSwiss provides 15 drawing tools for charting, Xtrade offers significantly more with 100 drawing tools, allowing for more detailed market analysis.
Xtrade also delivers a proprietary platform available via web browser, which is accessible without the need for downloading software. However, it falls short by not offering a Windows-based download or the popular MetaTrader platforms that many traders favor. The broker lacks copy trading but includes 9 fields for watch lists compared to BDSwiss's 7, offering broader market monitoring. Ultimately, BDSwiss is rated higher with 4 stars for trading platforms and tools, and ranks 24th out of 62 brokers for this category. Meanwhile, Xtrade holds 3.5 stars and ranks 58th, indicating a more limited offering in comparison.
| Feature |
BDSwiss
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between the mobile trading apps offered by BDSwiss and Xtrade, there are several features to consider. Both platforms provide apps compatible with iPhone and Android devices. However, BDSwiss leads the charge with a broader range of functionalities. It offers essential features like stock or forex price alerts and the ability to draw trendlines, as well as view multiple time frames within its app. Users can benefit from 30 technical studies for charting, and the app conveniently auto-saves chart drawings. BDSwiss also supports real-time quotes within a watchlist, making it a compelling choice for traders who seek a comprehensive mobile trading experience.
On the other hand, Xtrade's app does not include features such as price alerts, the capability to manipulate chart time frames, or the option to auto-save drawings. Additionally, it lacks watchlist symbol syncing and the incorporation of multiple technical studies. Both apps hold a similar rating of four stars for their mobile trading features, yet BDSwiss is ranked much higher at #24 compared to Xtrade, which stands at #53 out of 62 brokers according to ForexBrokers.com's ratings. For traders who rely on mobile trading versatility, BDSwiss presents a more feature-rich solution.
| Feature |
BDSwiss
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing BDSwiss and Xtrade for market research, both brokers provide daily market commentary and maintain up-to-date economic calendars that offer insights into global events. However, a key difference lies in their access to forex news. Xtrade stands out with news from top-tier sources like Bloomberg and Reuters, while BDSwiss does not offer this service. On the other hand, BDSwiss has a more extensive selection of analysis tools, benefiting from partnerships with companies like Autochartist and Trading Central, which offer technical and fundamental research tools for traders.
Both brokers lack sentiment-based trading tools and market research from TipRanks or Acuity Trading. Despite this, BDSwiss has garnered a slightly higher research rating, earning 4 stars compared to Xtrade's 3.5 stars. Additionally, BDSwiss ranks higher, securing the 24th spot among 62 brokers according to ForexBrokers.com, whereas Xtrade comes in at 52nd. This suggests that while Xtrade excels in delivering news from renowned sources, BDSwiss provides more comprehensive analysis resources overall.
| Feature |
BDSwiss
|
Xtrade
|
|---|---|---|
| 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 | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at BDSwiss and Xtrade, both brokers provide a substantial range of materials on forex and CFDs, ensuring newbies have access to at least ten educational pieces in the form of articles, videos, or archived webinars. However, BDSwiss surpasses Xtrade by offering regular online webinars, held at least once a month, which can be a valuable asset for those eager to learn in a real-time interactive environment. Additionally, BDSwiss provides access to a searchable archive of past webinars, making it easier for beginners to revisit and learn at their own pace.
When it comes to video content tailored for beginners, BDSwiss again pulls ahead by offering an impressive selection of videos covering both basic and advanced trading topics. This wide range of content helps cater to traders at various skill levels. While Xtrade matches BDSwiss in offering a comprehensive investor dictionary, it falls short in providing diverse video resources, particularly for beginners and advanced traders. Ranked 19th out of 62 for its educational services, BDSwiss holds a slight edge over Xtrade, which stands at 46th. This educational prowess is reflected in their ratings, with BDSwiss achieving 4 stars compared to Xtrade's 3.5 stars for education.
| Feature |
BDSwiss
|
Xtrade
|
|---|---|---|
| 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 | 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 Xtrade. BDSwiss finished with an overall rank of #36, while Xtrade finished with an overall rank of #59.
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 74 |
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Both BDSwiss and Xtrade do not support the purchase of actual delivered cryptocurrency, but each platform offers the ability to trade cryptocurrency derivatives.
When comparing online brokers BDSwiss and Xtrade, both offer Visa, Mastercard, Skrill, and bank wire options for depositing or withdrawing funds, but only BDSwiss provides ACH and SEPA transfers, while neither supports PayPal.
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 | Xtrade | |
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| Trust Score | 73 | 74 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | Xtrade Review |
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| Regulation | BDSwiss | Xtrade | |
|---|---|---|---|
| Trust Score | 73 | 74 | |
| Year Founded | 2012 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BDSwiss | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 482 | |
| Forex Pairs (Total) | 53 | 56 | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $250 | |
| 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 | Yes | No |
| Trading Platforms | BDSwiss | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | BDSwiss | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | BDSwiss | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BDSwiss | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | BDSwiss | Xtrade | |
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| Trust Score | 73 | 74 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | Xtrade Review |
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