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Do you want to know which is the better broker between BDSWISS and LIRUNEX ?
In the table below, you can compare the features of BDSWISS , LIRUNEX side by side to determine the best fit for your needs.
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EURUSD:22.32
XAUUSD:22.37
EURUSD: -6.98 ~ 3.15
XAUUSD: -42.02 ~ 22.72
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, lirunex 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 | CFDs on Forex, Shares, Indices, Commodities & Cryptocurrencies |
Demo Account | ✅ |
Leverage | 1:2000 |
Spread | From 1.3 pips (Classic account) |
Trading Platforms | MT5, BDSwiss Mobile app, BDSwiss WebTrade |
Minimum deposit | $10 |
Customer Support | 24/5 - live chat, contact form, email, Help & Support Center |
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.
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.
Pros | Cons |
• Wide range of trading instruments across multiple asset classes | • Offshore FSA license |
• Various account types | • Negative reviews from their clients |
• Multiple trading platforms and tools | • Overnight charges, currency conversion, and inactivity fee |
• Free deposits and withdrawals | |
• 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.
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.
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 4 account types: Cent, Classic, VIP, and Zero-Spread. The minimum deposit to open an account is $10, $10, $250 and $100 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 1:2000 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.
Account Type | Spread | Commission |
Cent | From 1.6 pips | ❌ |
Classic | From 1.3 pips | ❌ |
VIP | From 1 pip | ❌ |
Zero-Spread | From 0.0 pips | $6 |
As for the trading platform, BDSWISS provides its clients with many options. There is a public platform - MT5 that has 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. But BDSWISS's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
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.
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.
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.
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.
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 time. BDSWISS also offers various educational resources and trading tools. 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 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 MT5 accounts that allow traders to practice trading without risking any real money, and it also offers rich educational resources. |
LIRUNEX | Basic Information |
Registered Country/Region | Cyprus |
Founded in | N/A |
Regulation | CySEC, BDF, BaFin, LFSA, CNMV |
Minimum deposit | $500 |
Tradng Assets | Forex, Spot Metals, Indices, Shares, Energy |
Leverage | Up to 1:500 |
Account types | Standard, Prime and Pro accounts |
Trading platform | MetaTrader 4 |
Spreads | From 0.4 pips (on EUR/USD) |
Commission | No commissions charged, only spreads |
Demo account | Yes |
Account Base Currencies | USD, EUR, GBP, CHF, JPY, AUD, CAD |
Payment methods | Global, SEPA, Global Transfer, VISA, Mastercard, ePay.bg, GiroPay, Sofort,Webmoney,and more |
Educational | Free educational resources include ebooks, webinars, and video tutorials |
Customer support | Phone, email, live chat, online contact form and extensive FAQ section |
LIRUNEX is a retail forex and CFD broker that is registered in Cyprus and regulated by multiple regulatory authorities. The broker offers a variety of trading instruments, including forex, indices, commodities, and cryptocurrencies, with competitive spreads and leverage up to 1:30 for forex trading.
LIRUNEX also offers multiple account types, namely Standard, Prime and Pro accounts and each with different minimum deposit requirements and features to cater to different trading styles and preferences. For example, the Standard account requires a minimum deposit of $500 or equivalent amount.
LIRUNEX's trading platform of choice is MetaTrader 4, which is available for both desktop and mobile devices. LIRUNEX supports various order types, including market orders, limit orders, stop orders, and trailing stop orders. Traders can also execute orders using the One-Click Trading feature on the MetaTrader 4 platform. In addition, LIRUNEX provides various educational resources and trading tools to assist traders in making informed decisions.
LIRUNEX offers customer support via several channels, including phone, email, as well as some social media platforms, and an online contact form. The customer support team is available 24/5 to assist traders with any queries or issues they may have. LIRUNEX's website also features a comprehensive FAQ section, which can be accessed from the “Support” tab on their website, providing answers to frequently asked questions on topics such as account opening, trading conditions, and platform features.
LIRUNEX has multiple entities that are regulated by various regulatory authorities, including CySEC, BDF, BaFin, LFSA, and CNMV. This means that LIRUNEX operates under strict guidelines and adheres to high levels of regulatory standards and consumer protection policies.
LIRUNEX LIMITED, is authorized and regulated by Federal Financial Supervisory Authority of Germany (BaFin) under regulatory license number 156748;
Lirunex Ltd, is authorized and regulated by Banque de France (BDF) under regulatory license number 83447;
Lirunex Ltd, is also authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 338/17;
Lirunex Limited is also authorized and regulated by the Labuan Financial Services Authority (LFSA) under regulatory license number MB/20/0050;
LIRUNEX LTD, is authorized and regulated by the Comisión Nacional del Mercado de valores (CNMA) under regulatory license number 4829;
LIRUNEX is a forex broker that offers traders competitive trading conditions, such as low spreads and high leverage. The broker provides free educational resources, including webinars, ebooks, and video tutorials, to help traders improve their trading skills. LIRUNEX also has a range of payment options available for its clients to use.
However, LIRUNEX also has some drawbacks. The broker has a limited asset offering, as it only offers Forex and CFDs. Additionally, the minimum deposit requirements are relatively higher compared to other brokers. LIRUNEX also only provides users with the option to trade via MetaTrader 4, limiting choices for experienced traders who may prefer other trading platforms. The demo account funding is only available to users registered in certain countries, while the broker's services are only available in certain jurisdictions and not to residents of the United States. Social trading features are also not available on the LIRUNEX trading platform.
Pros | Cons |
Multiple regulated entities | Limited asset offering compared to some other brokers |
Wide selection of trading instruments | Minimum deposit requirements are relatively higher compared to other brokers |
A range of educational resources, including webinars, ebooks, and video tutorials | Trading is limited to MetaTrader 4 |
A variety of payment options | Demo account funding is only available to users registered in certain countries |
Multiple trading accounts to choose from | Only available in certain jurisdictions (not available to residents of the United States) |
A series of trading tools | No social trading features are available |
No 7/24 customer support |
LIRUNEX is a well-established online brokerage firm that caters to the needs of traders worldwide. It offers a comprehensive selection of market instruments to its clients, including Forex, Spot Metals, Indices, Shares, and Energy.
Forex: LIRUNEX offers a wide range of currency pairs for trading, including major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs.
Spot Metals: LIRUNEX offers spot trading of precious metals such as gold and silver. Spot trading allows traders to buy and sell these metals at the current market price.
Indices: LIRUNEX offers trading on a variety of global stock indices, including the S&P 500 index, NASDAQ index, and the Dow Jones Index. Trading indices allows traders to speculate on the performance of a whole stock market, rather than just individual stocks.
Shares: LIRUNEX offers trading of stocks from various global markets, including the US, UK, Europe, and Asia. Trading on stocks allows traders to invest in well-known companies and earn profits based on their performance.
Energy: LIRUNEX offers trading of energy products such as crude oil and natural gas. Traders can benefit from price changes in energy markets, which are known for their high volatility.
LIRUNEX offers a range of account types to suit the needs of different traders. They have carefully crafted their account types to offer a tailored experience to traders based on their trading level, experience, and financial status. The account types offered by LIRUNEX are Standard, Prime, and Pro.
The Standard account requires a minimum deposit of $/€ 500 and is suitable for novice traders who are new to the market. This type of account offers basic trading conditions, including access to all trading instruments, customer support, educational resources, and trading tools.
The Prime account requires a higher minimum deposit of $/€ 2,000 and is targeted towards traders who have more experience in the market. This account type offers tighter spreads, lower commissions, and additional perks such as exclusive trading signals and faster withdrawals.
The Pro account is the top-tier account type offered by LIRUNEX and requires a minimum deposit of $/€ 10,000. This type of account is geared towards professional traders who require a higher level of trading conditions, including dedicated account managers, advanced trading tools, priority customer support, and lower commissions and favorable market conditions.
All account types offered by LIRUNEX come with negative balance protection, and the MetaTrader 4 trading platform. Additionally, traders can choose from different currency options, EUR or USD.
Opening an account with LIRUNEX is a straightforward process and can be completed in a few simple steps. Here is a step-by-step guide on how to open an account with LIRUNEX:
Visit the LIRUNEX website and click on the “Register” button on the top right-hand corner.
Fill in the registration form by providing accurate personal details, including your name, email address, and phone number.
Select your preferred account type - Standard, Prime, or Pro - and choose your base currency.
After filling in the form, you will receive an email to confirm your registration.
Next, login to your LIRUNEX account and complete your account verification by uploading the necessary documents. The documents required for verification can be found on the website or by contacting customer support.
Once your account is verified, you can fund your account by choosing a payment method that is convenient for you. LIRUNEX provides several payment options, including bank transfers, credit/debit cards, and e-wallets.
After funding your account, you can begin trading by downloading the LIRUNEX trading platform or by using the web-based platform.
LIRUNEX provides customers with 24/5 customer support to assist with any issues that may arise during the trading process.
As per the regulations by ESMA, the default leverage for retail forex traders is set at a maximum of 1:30, while professional traders are allowed to trade with a higher leverage of up to 1:100.
Leverage refers to the amount of borrowing that a trader can use to open a position in the market. Higher leverage can increase potential profits, but it also comes with higher risk. Professional traders are considered to have a higher level of experience and knowledge of the financial markets, which is why they are often offered higher leverage options.
However, it's important to note that leverage should be used wisely, and traders should always consider the risks involved before trading with high leverage. It's also essential to have a risk management strategy in place to protect your investment in case of unfavourable market conditions.
LIRUNEX offers a variety of trading account types to suit the needs of different traders. Each account type features different spreads and commission charges. Here, we will explain the available accounts and what they offer in terms of spreads and commissions.
The Standard Account is designed for those who are new to trading or who prefer lower costs. With this account, you can trade with floating spreads that start from 2 pips. The best part is that there are no commissions charged on trades. This account is ideal for beginners who want to start trading with a lower investment.
The Prime Account is designed for those who require tighter spreads and faster trade execution times. With this account, you can trade with floating spreads that start from 0.6 pips, which is significantly lower than the Standard Account. However, this account comes with a commission charge of $8 per lot traded. This account is suitable for traders who require faster trading speeds and lower spreads.
The Pro Account is designed for professional traders who require the tightest spreads possible and access to institutional-grade trading conditions. With this account, you can trade with spreads that start from 0.0 pips, which means that you can trade with almost no spreads! It is important to note that this account comes with a commission charge of $4 per lot traded. This account is ideal for high volume traders who require high-quality trading conditions.
Apart from trading fees, LIRUNEX also charges some non-trading fees that traders should be aware of. Here are some of the non-trading fees charged by LIRUNEX:
Deposit Fees - While deposits with LIRUNEX are free of charge, some payment providers may charge you fees for depositing funds. It's important to check with your payment provider to see if they charge any fees.
Withdrawal Fees - LIRUNEX does not charge any withdrawal fees. However, the payment provider you use to withdraw funds may charge fees. LIRUNEX also waives the first withdrawal fee for its clients each month.
Inactivity Fees - If there has been no trading activity in your account for a period of 90 days, an inactivity fee of $50 will be charged for each subsequent month until the account is active again.
Conversion Fees - If you deposit funds in a currency different from the one in which your LIRUNEX account is denominated, you will be charged a conversion fee of 2% of the deposit amount. This fee is charged to cover the costs of converting the funds to your account currency.
Overnight Financing Fees - LIRUNEX charges overnight financing fees for positions that are held open overnight. These fees can be either positive or negative and depend on the instrument being traded.
LIRUNEX provides MetaTrader 4 (MT4) trading platform for its clients. The MT4 platform is available in PC, iOS, and Android versions that allow traders to access their accounts and trade from anywhere, at any time.
MT4 is a well-known and widely-used trading platform globally, known for its user-friendly interface, advanced charting features, multiple order types, and the ability to support automated trading strategies like Expert Advisors (EAs). The platform also offers a vast array of technical analysis tools that traders can use to make informed decisions.
LIRUNEX provides a range of trading instruments through its MT4 platform, including forex, commodities, and indices. The platform also supports multiple account types, allowing traders to choose the one that suits their needs best.
LIRUNEX supports various payment methods for deposits and withdrawals, including Global, SEPA, Global Transfer, VISA, Mastercard, ePay.bg, GiroPay, Sofort, and Webmoney. Deposits through most payment methods have a minimum deposit requirement of 50. However, the minimum deposit through global transfer is $300.
It is important to note that the processing time for withdrawals can vary depending on the payment method used. Withdrawal requests made through Visa and Mastercard can take up to 10 business days to process. This is due to the nature of these payment methods, which typically involve additional security checks and verification procedures to ensure that the funds are being transferred to the correct account.
LIRUNEX offers several channels of customer support to assist its traders. This includes:
Email support, which is available 24/7 and allows traders to submit their questions or concerns to LIRUNEX's support team.
Phone support, which is available during business hours and allows traders to speak to a support representative directly.
A comprehensive FAQ section on LIRUNEX's website, which provides answers to common questions and concerns about trading with LIRUNEX.
In addition to these channels of customer support, LIRUNEX also offers a personal account manager service for premium account holders, which provides dedicated assistance and support for their trading needs.
LIRUNEX offers a range of educational resources to help traders improve their trading skills and knowledge in the Forex markets. Some of these resources include a beginner's guide, an economic calendar, trading strategies, market analysis, and informative articles.
These resources are designed to help traders understand the fundamental and technical analysis of the Forex markets, as well as to give them an overview of the trading tools and features available on the LIRUNEX platform. By using these resources, traders can better navigate the Forex markets, make more informed trading decisions, and ultimately, achieve their trading objectives.
In conclusion, LIRUNEX is a reputable forex broker that offers traders a range of benefits and drawbacks. Its competitive spreads, multiple account types make it an attractive option for traders looking to improve their skills and trading outcomes. However, its limited product offerings, lack of available US trading accounts, and potentially higher withdrawal fees for certain accounts may be disadvantages for some traders. Overall, LIRUNEX provides a secure and regulated trading environment and is worth considering for traders looking for a well-rounded forex broker. As always, traders are advised to conduct thorough due diligence and weigh their options before investing their funds.
Q: What regulatory standards does LIRUNEX comply with?
A: LIRUNEX has multiple entities that are regulated by various regulatory authorities, including CySEC, BDF, BaFin, LFSA, and CNMV.
Q: What account types are available at LIRUNEX?
A: LIRUNEX offers three different account types, including Standard, Prime and Pro accounts. Each account type has different features, including minimum deposits, trading conditions, and access to additional tools.
Q: How can I fund my account with LIRUNEX?
A: LIRUNEX offers several different funding options, including Global, SEPA, Global Transfer, VISA, Mastercard, ePay.bg, GiroPay, Sofort,Webmoney,and more.
Q: Does LIRUNEX offer educational resources?
A: Yes, LIRUNEX has a variety of educational resources available for traders of all skill levels, including webinars, video tutorials, eBooks, and more.
Q: How can I get in touch with customer support at LIRUNEX?
A: LIRUNEX customer support is available 24/7 via email, phone, or live chat.
Q: What trading platforms does LIRUNEX offer?
A: LIRUNEX offers two trading platforms, including the popular MetaTrader 4 (MT4) platform and the Lirunex Trader platform. Both platforms can be used on desktop.
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 lirunex 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 lirunex the spread is from 0.0.
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. lirunex is regulated by AMF,CYSEC,LFSA,CNMV.
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. lirunex provides trading platform including LX-Pro,LX-Prime,LX Standard and trading variety including --.