BDSwiss vs iFOREX Comparison
Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between BDSwiss and iFOREX? Our independent database powered by our unbiased research will help you compare BDSwiss vs iFOREX side-by-side.
What is Trust Score?
Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.
Can I trust BDSwiss?
BDSwiss has a Trust Score of 76, giving it a "Average Risk" Trust Score Label.
Can I trust iFOREX?
iFOREX has a Trust Score of 75, giving it a "Average Risk" Trust Score Label.
Is BDSwiss a good broker?
BDSwiss is a trusted broker that offers a proprietary mobile app as well as the full MetaTrader suite (both MT4 and MT5). Traders at BDSwiss gain access to Autochartist and the broker-exclusive Trends Analysis tool, as well as trading signals via the BDSwiss Telegram channel. Though spreads at BDSwiss are slightly higher than the industry average, the broker regularly publishes its trade statistics in an effort to highlight its execution quality.
Is iFOREX a good broker?
iFOREX, previously known as Vestle, offers a proprietary trading platform as well as a growing selection of nearly 750 symbols. However, the MetaTrader suite is not available at iFOREX.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. both BDSwiss and iFOREX are United Kingdom (U.K.) (FCA Authorised).. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
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 BDSwiss and iFOREX are Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses BDSwiss is Mauritius (FSC Authorised), while iFOREX is British Virgin Islands (FSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that BDSwiss offers a Proprietary Platform and Desktop Platform (Windows), whereas iFOREX supports a Proprietary Platform. Neither have cTrader, DupliTrade and ZuluTrade
Does BDSwiss offer MetaTrader? Does iFOREX offer MetaTrader?
For MetaTrader BDSwiss provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while iFOREX 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 iFOREX differ in terms of minimum deposit? What about average spreads and funding options?
BDSwiss requires a minimum deposit of $10-$5000, while iFOREX requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that BDSwiss supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas iFOREX supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)
Which broker offers more tradeable asset classes, BDSwiss or iFOREX?
When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that BDSwiss delivers a more diverse selection of investment options than iFOREX, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD). Neither have Spread Betting.
We also keep track of each broker’s total number of tradeable symbols; BDSwiss offers 1081, and iFOREX offers a total of 750 tradeable symbols.
Can I trade cryptocurrency with BDSwiss or iFOREX?
Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither BDSwiss nor iFOREX allow you to trade physical cryptocurrencies.
Who offers more research tools, BDSwiss or iFOREX?
Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. BDSwiss delivers the following research tools: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. iFOREX, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Trading Central (Recognia). Neither have Forex News (Top-Tier Sources)
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Overall winner: BDSwiss
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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.