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BDSwiss vs Spreadex 2023

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between BDSwiss and Spreadex? 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, BDSwiss ranks more highly than Spreadex.

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 RatingBDSwissSpreadex
Overall Rating 7.8 / 10 7.2 / 10
Account TypeBDSwissSpreadex
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 No
Copy TradingBDSwissSpreadex
Social Trading / Copy Trading Yes No
DupliTrade No No
ZuluTrade No No
CryptocurrencyBDSwissSpreadex
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)BDSwissSpreadex
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)BDSwissSpreadex
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsBDSwissSpreadex
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No Yes
Social Trading / Copy Trading Yes No
Metals Yes Yes
Energies Yes Yes
Agriculturals No Yes
ETF No Yes
U.S. Stocks (CFD) Yes Yes
Trading PlatformsBDSwissSpreadex
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
Regulatory LicensesBDSwissSpreadex
Tier-1 Licenses 1 1
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) Yes 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 0
Tier-3 Licenses 1 0
Research, EducationBDSwissSpreadex
Trading Central (Recognia) No No
Forex News (Top-Tier Sources) No Yes
Daily Market Commentary Yes Yes
Autochartist Yes No
Investor Dictionary (Glossary) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes No
Trading CostsBDSwissSpreadex
Minimum Initial Deposit $100-$5000 (depending on account type) $0
Average Spread EUR/USD - Standard 1.6 (08/10/22) -1
All-in Cost EUR/USD - Active 1.3 (08/10/22) -1
Active Trader or VIP Discounts Yes No
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) No No
Trading ToolsBDSwissSpreadex
Watchlists - Total Fields 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 30 55
Mobile Charting - Indicators / Studies 30 N/A
Trust FactorsBDSwissSpreadex
Year Founded 2012 1999
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Trust Score 83 70
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BDSwiss vs Spreadex 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 BDSwiss vs Spreadex.

Can I trust BDSwiss?

BDSwiss has a trust score of 83, 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 Spreadex?

Spreadex has a trust score of 70, giving it a "Average Risk" trust label.

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.

Is Spreadex a good broker?

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. both BDSwiss and Spreadex are FCA Authorised (U.K.)., neither have ASIC Authorised (Australia), 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, BDSwiss is CySEC Authorised (Cyprus), while Spreadex is none., 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 BDSwiss is FSC Authorised (Mauritius), while Spreadex is none., neither have SCB Authorised (Bahamas), 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 BDSwiss supports a Proprietary Platform and Desktop Platform (Windows), whereas Spreadex supports a Proprietary Platform., neither have cTrader, DupliTrade and ZuluTrade

Does BDSwiss offer MetaTrader? Does Spreadex offer MetaTrader?

For MetaTrader BDSwiss provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Spreadex provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

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

BDSwiss requires a minimum deposit of $100-$5000 (depending on account type), while Spreadex requires a minimum deposit of $0. From our testing we found BDSwiss offers spreads of 1.6 (08/10/22), while Spreadex offers spreads of -1. BDSwiss supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where Spreadex supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit)., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, BDSwiss or Spreadex?

BDSwiss offers a more diverse selection of investment options than Spreadex allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD). Looking at total tradeable symbols, BDSwiss has 1081, compared to 2000 from Spreadex.

Can I trade cryptocurrency with BDSwiss or Spreadex?

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 BDSwiss nor Spreadex allow you to trade physical cryptocurrencies.

Who offers more research tools, BDSwiss or Spreadex?

In terms of research and research tools BDSwiss gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. In comparison Spreadex has the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources)., neither have Trading Central (Recognia)

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