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IC Markets vs BDSwiss 2023

BrokerNotes.co

Written by BrokerNotes.co

February 07, 2023

Trying to decide between IC Markets and BDSwiss? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, IC Markets ranks more highly than BDSwiss.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall RatingIC MarketsBDSwiss
Overall Rating 8.2 / 10 7.8 / 10
Account TypeIC MarketsBDSwiss
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account Yes Yes
Copy TradingIC MarketsBDSwiss
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade Yes No
CryptocurrencyIC MarketsBDSwiss
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)IC MarketsBDSwiss
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)IC MarketsBDSwiss
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsIC MarketsBDSwiss
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes No
ETF Yes No
U.S. Stocks (CFD) Yes Yes
Trading PlatformsIC MarketsBDSwiss
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform No Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
Regulatory LicensesIC MarketsBDSwiss
Tier-1 Licenses 1 1
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) No Yes
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) No No
Tier-2 Licenses 1 1
Tier-3 Licenses 1 1
Research, EducationIC MarketsBDSwiss
Trading Central (Recognia) Yes No
Forex News (Top-Tier Sources) Yes No
Daily Market Commentary Yes Yes
Autochartist Yes Yes
Investor Dictionary (Glossary) Yes Yes
Videos - Beginner Trading Videos No Yes
Client Webinars (Archived) Yes Yes
Trading CostsIC MarketsBDSwiss
Minimum Initial Deposit $200 $100-$5000 (depending on account type)
Average Spread EUR/USD - Standard 0.62 (August 2022) 1.6 (08/10/22)
All-in Cost EUR/USD - Active 0.62 (August 2022) 1.3 (08/10/22)
Active Trader or VIP Discounts Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolsIC MarketsBDSwiss
Watchlists - Total Fields 7 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 30 30
Mobile Charting - Indicators / Studies 30 30
Trust FactorsIC MarketsBDSwiss
Year Founded 2007 2012
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info Yes info
Trust Score 86 83
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IC Markets vs BDSwiss Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs BDSwiss.

Can I trust IC Markets?

IC Markets has a trust score of 86, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust BDSwiss?

BDSwiss has a trust score of 83, giving it a "Trusted" trust label.

Is IC Markets a good broker?

IC Markets' combination of low spreads and commissions, as well as its supportive execution policies that accomodate algorithmic traders make it our pick for the best MetaTrader broker. In addition, IC Markets recently bolstered its range of markets, sending the total available to over 3,000. It's worth noting, however, that its reserach and educational offerings still have lots of room to improve.

Is BDSwiss a good broker?

BDSwiss is a MetaTrader broker that also offers a proprietary mobile app and a growing range of markets to trade. While pricing is not its best feature, BDSwiss publishes its trade statistics in an effort to highlight its execution quality.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. IC Markets is ASIC Authorised (Australia), while BDSwiss is FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both IC Markets and BDSwiss are CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses IC Markets is SCB Authorised (Bahamas), while BDSwiss is FSC Authorised (Mauritius)., neither have IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms IC Markets supports a Desktop Platform (Windows), cTrader and ZuluTrade, whereas BDSwiss supports a Proprietary Platform and Desktop Platform (Windows)., neither have DupliTrade

Does IC Markets offer MetaTrader? Does BDSwiss offer MetaTrader?

Both IC Markets and BDSwiss offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do IC Markets and BDSwiss differ in terms of minimum deposit? What about average spreads and funding options?

IC Markets requires a minimum deposit of $200, while BDSwiss requires a minimum deposit of $100-$5000 (depending on account type). From our testing we found IC Markets offers spreads of 0.62 (August 2022), while BDSwiss offers spreads of 1.6 (08/10/22). IC Markets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where BDSwiss supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, IC Markets or BDSwiss?

IC Markets offers a more diverse selection of investment options than BDSwiss allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, IC Markets has 3583, compared to 1081 from BDSwiss.

Can I trade cryptocurrency with IC Markets or BDSwiss?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither IC Markets nor BDSwiss allow you to trade physical cryptocurrencies.

Who offers more research tools, IC Markets or BDSwiss?

In terms of research and research tools IC Markets gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison BDSwiss has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts and Social Trading / Copy Trading.

Broker Reviews

Still looking for more information, read our broker reviews.

IC Markets Review

BDSwiss Review

Overall winner: IC Markets

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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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