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Do you want to know which is the better broker between BDSWISS and LIGHT FX ?
In the table below, you can compare the features of BDSWISS , LIGHT FX side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of bdswiss, lightfx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
BDSWISS Review Summary in 10 Points | |
Founded | 2012 |
Registered Country/Region | Seychelles |
Regulation | FSA (offshore) |
Market Instruments | Forex, commodities, shares, indices and cryptocurrencies |
Demo Account | Available |
Leverage | 1:500 |
EUR/USD Spread | From 0.0 pips |
Trading Platforms | MT4, MT5, BDSwiss Mobile APP, BDSwiss WebTrader |
Minimum deposit | $10 |
Customer Support | 24/5 multilingual live chat, phone, email |
BDSwiss is an offshore-regulated forex and CFD broker that was established in 2012 and is registered in Seychelles. The broker offers a range of trading instruments across multiple asset classes, including forex, commodities, shares, indices, and cryptocurrencies.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
BDSWISS offers a wide range of trading instruments across multiple asset classes, making it a versatile platform for traders. The absence of deposit and withdrawal fees is a definite advantage for those who prioritize low-cost trading. Additionally, the broker's extensive educational resources can be beneficial for novice traders who want to improve their trading skills.
However, some traders may find the offshore Seychelles Financial Services Authority (FSA) license to be a drawback. Overall, BDSWISS appears to be a reliable broker with several advantages for traders, but it's important to consider the potential drawbacks before deciding to trade with them.
Pros | Cons |
• Wide range of trading instruments across multiple asset classes | • Offshore FSA license |
• Various account types to suit different trading needs | • Negative reviews from their clients |
• Multiple trading platforms and tools | • Overnight charges, currency conversion, and inactivity fee |
• No deposit and withdrawal fees | |
• Rich educational resources for traders of all levels |
Note that this table is not exhaustive and there may be additional pros and cons to consider.
There are many alternative brokers to BDSWISS depending on the specific needs and preferences of the trader. Some popular options include:
FxPro - A reputable broker with a variety of trading platforms and competitive pricing.
Trade Nation - A user-friendly broker with a focus on education and customer satisfaction.
Go Markets - A reliable broker with competitive spreads and a range of trading instruments.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Protection Measures | Detail |
Regulation | FSA (offshore) |
Segregated Accounts | Separate from the company's operating funds, protecting clients' funds in case of bankruptcy |
Negative Balance Protection | Ensuring that clients cannot lose more than their account balance |
SSL Encryption | To protect its clients' personal and financial information during transmission |
Two-Factor Authentication | As an extra layer of security to protect clients' accounts from unauthorized access |
Investor Compensation Fund | Provides additional protection to clients in the event of BDSWISS's insolvency |
These measures help to ensure that BDSWISS provides a safe and secure trading environment for its clients.
Based on the information provided, BDSWISS appears to be a reliable and reputable online broker. It is offshore regulated by Seychelles Financial Services Authority (FSA), offers negative balance protection and segregates client funds. However, it is important to note that all trading carries risks, and clients should always do their own research and take appropriate precautions.
BDSwiss offers 250+ trading instruments across various asset classes, providing traders with numerous options for diversification. Forex traders can access over 50 currency pairs, including major, minor, and exotic pairs. The platform also offers CFD trading on precious metals such as gold, silver, and platinum, as well as energy products like crude oil and natural gas. Additionally, traders can choose from a range of popular stock CFDs, including shares of leading companies in the US, Europe, and Asia. BDSwiss also provides access to a range of global stock indices, such as the S&P 500, FTSE 100, DAX 30, and Nikkei 225. Finally, the platform offers trading on popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Demo Account: BDSWISS provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: BDSWISS offers a total of 3 account types: Classic, VIP, and Raw. The minimum deposit to open an account is $10, $500 and $500 respectively. The threshold to open an account at BDSWISS is quite low. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
BDSWISS offers a maximum leverage of up to 1:500 for all account types, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
BDSwiss offers variable spreads and commissions based on the type of trading account. Classic accounts have a minimum spread of 1.5 pips with no commission, while VIP accounts have a lower minimum spread of 1.1 pips and are also commission-free. Raw accounts, on the other hand, offer raw spreads starting from 0.0 pips but have to pay a commission of $5 per traded lot. Overall, BDSwiss' spreads and commissions are competitive compared to other brokers in the market. It's essential to note that spreads can fluctuate depending on market volatility, trading volumes, and other market conditions.
It is commendable that in the trading instruments interface, BDSWISS provides a detailed table showing the spreads, swaps, commissions and pip value of various instruments in various accounts in detail, which greatly facilitates customers' inquiries and comparisons.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commissions |
BDSWISS | 1.5 pips | Free |
FxPro | 1.4 pips | Free |
Trade Nation | 0.6 pips | Free |
GO Markets | 0.5 pips | Free |
As for the trading platform, BDSWISS provides its clients with many options. There are public platforms such as MT4 and MT5 that have served many clients worldwide, also BDSWISS's own platforms - BDSwiss Mobile APP, BDSwiss WebTrader. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT5 and MT4. But BDSWISS's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
Overall, BDSWISS' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platform |
BDSWISS | MetaTrader 4, MetaTrader 5, BDSWISS WebTrader, BDSWISS Mobile App |
FxPro | MetaTrader 4, MetaTrader 5, FxPro cTrader, FxPro Edge |
Trade Nation | Proprietary Trading Platform |
Go Markets | MetaTrader 4, MetaTrader 5, Go Trader, WebTrader |
BDSWISS provides a range of trading tools to help its clients in their trading activities.
The economic calendar allows traders to keep track of important upcoming events that can affect the markets.
The VPS service provides fast and reliable connection to BDSWISS servers for traders who use automated trading strategies.
The Trade Companion is a trading assistant that provides users with insights and trading signals.
The Trends Analysis tool helps traders to identify trends and make better trading decisions.
Trading Central provides technical analysis and market insights.
The Autochartist tool analyzes charts and helps traders to identify trading opportunities.
Trading Alerts notify users of important market events.
The Currency Heatmap tool allows traders to see the relative strength of different currencies.
Finally, the Trading Calculators help traders to manage their risk and calculate their potential profits and losses.
BDSWISS offers a wide range of deposit and withdrawal options, including Visa, MasterCard, Skrill, Neteller, Bank Wire, Pay Retailers, cryptocurrencies, AstroPay, Globepay, MPESA, airtel tiGo, korapay, and more.
The broker does not charge any fees for deposits or withdrawals via credit card, while for bank wire withdrawals equal to or less than €100, BDSwiss will charge a €10 flat fee.
BDSWISS | Most other | |
Minimum Deposit | $10 | $100 |
Most deposits are processed instantly. For withdrawals, BDSWISS strives to process most requests within 24 hours, although the processing time may vary depending on the payment method used and the verification requirements. Overall, BDSWISS offers convenient and cost-effective deposit and withdrawal options for its clients.
To withdraw funds from BDSWISS, you need to follow these steps:
Step 1: Log in to your BDSWISS account
Step 2: Click on the “Withdrawal” option in the main menu.
Step 3: Select your preferred withdrawal method from the available options.
Step 4: Enter the amount you want to withdraw and provide any additional information requested.
Step 5: Click on the “Submit” button to process the withdrawal request.
BDSWISS charges overnight fees on all positions that are held open overnight, and the rates depend on the instrument being traded. The broker also charges a currency conversion fee for deposits made in a currency different from the account currency. Moreover, if no trading activity occurs for over 90 days, a monthly fee of $30 will be deducted from your account balance, until the account balance is 0. This charges covers the maintenance/administration expenses of such inactive accounts. It is important for traders to keep these fees in mind when planning their trading activities, as they can impact the overall profitability of their trades.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
BDSWISS | None | None | Yes, after 90 days |
FxPro | None | None | None |
Trade Nation | None | None | None |
Go Markets | None | None | Yes, after 6 months |
Languages: English, polish, German, Italian, French, Arabic, Thai, Filipino, Chinese, Indonesian, Portuguese, Romanian, Russian, Turkish, Danish, Norwegian, Korean, Czech, Malay, Vietnamese, etcetera.
Service Hours: 24/5 multilingual live chat
Phone Number: +44 2036705890
Email: support@global.bdswiss.com
Social media: Facebook, Instagram, LinkedIn, YouTube, Twitter, Telegram
Address: Suite 3, Global Village, Jivans Complex, Mont Fleuri, Mahe, Seychelles.
Help/Support Centre are also available.
Pros | Cons |
• 24/5 Multilingual customer support available | • No 24/7 customer support |
• Live chat, phone, and email support | |
• Personal account manager for VIP accounts | |
• Help/Support Centre available on the website |
BDSWISS provides a range of educational resources to assist traders in improving their trading knowledge and skills. They offer a variety of educational materials, including Forex eBooks, LIVE Education, Forex Basic Lessons, Forex Glossary, Educational Videos, and Seminars.
Their Forex eBooks cover various topics, such as trading psychology, technical analysis, and risk management, to help traders develop a well-rounded understanding of the Forex market.
They also provide live education through webinars, which are hosted by industry experts, and interactive training sessions.
The Forex Basic Lessons are designed to help beginner traders learn the basics of Forex trading.
Additionally, they offer educational videos that cover different aspects of trading, and traders can attend in-person seminars held in different locations globally.
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
All in all, BDSWISS offers a diverse range of trading instruments with competitive spreads and commissions on different account types. The broker provides a variety of deposit and withdrawal options with no fees charged, and fast processing times. BDSWISS also offers various educational resources and trading tools to enhance clients trading experience. However, is offshore regulated by Seychelles Financial Services Authority (FSA) and there are some negative reviews from their clients saying that they have met severe slippage and unable to withdraw. Every trader should be cautious before trading or investing with a broker.
Q 1: | Is BDSWISS regulated? |
A 1: | No. The Seychelles Financial Services Authority (FSA) license BDSWISS holds is offshore. |
Q 2: | Does BDSWISS offer demo accounts? |
A 2: | Yes. |
Q 3: | Does BDSWISS offer the industry-standard MT4 & MT5? |
A 3: | Yes. It supports MT4, MT5, BDSwiss Mobile APP, and BDSwiss WebTrader. |
Q 4: | What is the minimum deposit for BDSWISS? |
A 4: | The minimum initial deposit to open an account is only $10. |
Q 5: | Is BDSWISS a good broker for beginners? |
A 5: | Yes. It is a good choice for beginners because it offers demo MT4 and MT5 accounts that allow traders to practice trading without risking any real money, and it also offers rich educational resources. However, their FSA license seems to be offshore, take care! |
Company Name | Light FX |
Registered In | Japan |
Regulation Status | Regulated by the Financial Service Agency of Japan |
Years of Establishment | 15-20 years |
Trading Instruments | Around 20 currency pairs including major pairs |
Account Types | Not specified |
Minimum Initial Deposit | No minimum deposit requirement |
Maximum Leverage | Up to 1:25 |
Trading Platform | LIGHT FX app, Advanced Trader, Simple Trader |
Deposit and Withdrawal | Direct deposit, wire transfer from bank counters or ATMs |
Customer Service | Telephone support and contact form |
Light FX, a Japan-based forex broker, boasts a solid regulatory foundation as it operates under the supervision of the Financial Service Agency of Japan. With a track record spanning 15-20 years, Light FX offers traders access to around 20 currency pairs, including major ones, facilitating diverse trading opportunities. While specific account types remain unspecified, the broker stands out with its welcoming no minimum deposit requirement.
Leverage of up to 1:25 is available, albeit with due consideration of risk. Light FX provides traders with a choice of trading platforms, including the LIGHT FX app, Advanced Trader, and Simple Trader. Funding options encompass direct deposit and wire transfers from bank counters or ATMs, ensuring flexibility.
Given its regulation by the Financial Service Agency of Japan, LIGHT FX appears to be a legitimate and trustworthy broker.
Regulatory oversight is a fundamental factor in the forex industry, ensuring that traders' interests are protected, and trading practices adhere to industry standards. Nonetheless, it's always wise for traders to conduct their own due diligence and verify the broker's credentials.
Pros | Cons |
Regulatory Authorization | Limited Account Information |
Competitive Spreads | Weekend Support Absence |
Fee-Free Trading | Educational Resource Clarity |
Flexible Trading Platforms | |
Diverse Market Instruments |
Pros:
Regulatory Authorization: Light FX is regulated by the Financial Service Agency of Japan, providing traders with confidence in the broker's legitimacy and adherence to regulatory standards.
Competitive Spreads: The broker offers competitive spreads on major currency pairs, making it cost-effective for traders to engage in forex trading.
Fee-Free Trading: Light FX operates on a fee-free trading model, meaning traders can execute trades without incurring additional commission costs.
Flexible Trading Platforms: The broker provides a variety of trading platforms, including the LIGHT FX app, catering to traders of all experience levels. The inclusion of the “Trading View” tool enhances analysis capabilities.
Diverse Market Instruments: Light FX offers a selection of around 20 currency pairs, including major and minor pairs, allowing traders to diversify their trading portfolios.
Cons:
Limited Account Information: The available information does not provide details about the specific account types offered by Light FX. Traders may need to visit the official website or contact customer support for account-related details.
Weekend Support Absence: Customer support is not available on weekends, which may be inconvenient for traders who prefer weekend trading or have urgent inquiries during that time.
Educational Resource Clarity: While Light FX offers various educational resources and market information, the provided information lacks specific details about the educational materials available, requiring traders to seek further clarification.
Light FX offers traders access to around 20 currency pairs, encompassing both major and minor pairs.
This selection includes popular choices such as EUR/USD, USD/JPY, GBP/JPY, AUDJPY, and EURJPY, allowing traders to engage in a diverse range of forex trading opportunities.
Unfortunately, the available information does not provide details about the specific account types offered by Light FX. To gain a better understanding of the account options, it is recommended to visit the broker's official website or contact their customer support.
Different account types often come with varying features and benefits, catering to the diverse needs of traders, from beginners to advanced.
While the provided information does not outline the exact process for opening an account with Light FX, the standard procedure for most forex brokers typically involves the following steps:
Registration: Visit the broker's website and initiate the account registration process. You will be required to provide personal information and create login credentials.
Verification: Complete identity verification by submitting the necessary documents, which usually include a valid ID, proof of address, and possibly financial information.
Deposit: Fund your trading account with the minimum required deposit or your chosen amount through the provided deposit methods.
Platform Access: After your account is verified and funded, you can access the trading platforms offered by Light FX and start trading.
Light FX offers competitive features related to leverage and spreads, which play a crucial role in the cost structure of trading:
Light FX provides leverage up to 1:25 for forex trading, in accordance with Japanese regulatory guidelines. Leverage allows traders to amplify their positions with a relatively smaller capital investment. However, it's important to note that higher leverage also involves increased risk, and traders should use it cautiously.
Spreads: The broker offers competitive spreads on major currency pairs. For instance, spreads for popular pairs like EUR/USD can be as low as 0.3 pips, while USD/JPY may have spreads as tight as 0.2 pips. GBP/JPY, AUD/JPY, and EUR/JPY also feature competitive spreads at 0.9 pips, 0.6 pips, and 0.4 pips, respectively. It's worth noting that spreads can vary depending on market conditions.
Commissions: The information provided does not mention any commission fees, suggesting that Light FX operates on a fee-free trading model. This can be advantageous for traders, as it means that you can execute trades without incurring additional commission costs.
Currency Pair | Spread (in pips) | Commission |
EUR/USD | 0.3 | None |
USD/JPY | 0.2 | None |
GBP/JPY | 0.9 | None |
AUD/JPY | 0.6 | None |
EUR/JPY | 0.4 | None |
Light FX offers a diverse range of trading platforms to cater to traders of all levels. The LIGHT FX app is a highly flexible and accessible platform with a user-friendly interface, making it suitable for traders on the go. It integrates the powerful “Trading View” tool for stress-free trade analysis, features intuitive navigation, and offers one-tap order placement. Traders can even execute chart orders while analyzing market data, ensuring a seamless and sophisticated trading experience.
For more experienced traders, the Advanced Trader platform provides extensive customization options. It also incorporates the “Trading View” tool for comprehensive chart analysis, allowing traders to arrange the trading screen to their liking and access abundant customization features. With a wealth of information tools and advanced chart analysis functions, Advanced Trader empowers traders to create a personalized trading environment that suits their unique needs.
In the case of direct deposit, Light FX offers traders a convenient and efficient way to fund their trading accounts. The 24-hour real-time reflection ensures that deposited funds are available for trading almost immediately, making it ideal for traders who want to seize opportunities in the forex market promptly. The fact that Light FX covers all transfer fees for deposits through this method further adds to its appeal, as it minimizes costs for traders.
For those who prefer wire transfers from bank counters or ATMs, Light FX accommodates this option as well. While this method incurs transfer fees, it offers an alternative for traders who may not have access to internet banking or prefer in-person transactions. The creation of a customer-specific margin deposit account for wire transfers streamlines the process, ensuring that the funds are directed to the appropriate trading account.
Light FX offers customer support through multiple channels to assist traders with their queries and concerns:
Telephone Support: Traders can reach the customer support team by phone at 0120 637 105. Support is available every day from 7:00 AM to 10:00 PM, excluding Saturdays and Sundays.
Contact Form: For written inquiries or support requests, traders can use the contact form provided on the broker's website. This offers a convenient way to seek assistance or information.
The availability of telephone support during extended hours on weekdays is a positive feature, ensuring that traders have access to assistance when they need it most. However, the absence of support on weekends may be a limitation for some traders who prefer weekend trading or have urgent inquiries during that time.
Light FX provides a comprehensive suite of educational resources and market information to empower traders. Their offerings include real-time exchange rates for all currency pairs, crypto asset rates, and exchange charts, allowing traders to stay up to date with market movements.
The economic indicators calendar aids in tracking important events, while the swap calendar helps traders understand swap points for currency pairs. The buy/sell ratio for LIGHT FX customers, currency strength/weakness through heatmaps, and TM sign for USD/JPY predictions using text mining technology offer valuable insights.
Traders can also utilize margin simulations, effective leverage calculations, and swap simulations to manage their risk and plan their trades effectively. Additionally, Light FX provides information on corporate account leverage and total customer swap receipts, enhancing traders' market awareness.
In conclusion, Light FX is a Japan-based forex broker that operates under the regulatory authority of the Financial Service Agency of Japan. It offers a range of currency pairs for trading and provides flexibility in deposit methods. While the broker offers competitive spreads and leverage options, there is limited information available regarding account types and educational resources.
Traders interested in Light FX should consider conducting further research and verifying specific details on the broker's official website. As with any financial endeavor, it's essential to trade responsibly and be aware of the potential risks associated with forex trading.
Q: Is Light FX a regulated forex broker?
A: Yes, Light FX is regulated by the Financial Service Agency of Japan, ensuring it meets regulatory standards.
Q: What currency pairs can I trade on Light FX?
A: Light FX offers approximately 20 currency pairs, including major pairs like EUR/USD, USD/JPY, and GBP/JPY.
Q: Does Light FX charge commissions for trading?
A: No, Light FX operates on a fee-free trading model, meaning there are no commission fees for trading.
Q: What is the maximum leverage offered by Light FX?
A: Light FX offers leverage up to 1:25 for forex trading, in compliance with Japanese regulations.
Q: How can I deposit funds into my Light FX trading account?
A: You can deposit funds through direct deposit or wire transfer from bank counters or ATMs, with direct deposit offering real-time reflection.
Q: What trading platforms does Light FX provide?
A: Light FX offers a range of trading platforms, including the LIGHT FX app, Advanced Trader, and Simple Trader, catering to traders of all levels.
Q: Are there educational resources available for traders on Light FX?
A: Yes, Light FX provides educational resources such as real-time market information, economic indicators calendars, and margin simulations to support traders in making informed decisions.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive bdswiss and lightfx are, we first considered common fees for standard accounts. On bdswiss, the average spread for the EUR/USD currency pair is From 1.5 pips, while on lightfx the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
bdswiss is regulated by FSA,NFA,CYSEC. lightfx is regulated by FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
bdswiss provides trading platform including Classic,Cent,Premium,Raw,VIP and trading variety including Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs. lightfx provides trading platform including -- and trading variety including --.