No data
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Do you want to know which is the better broker between BDSWISS and NordFX ?
In the table below, you can compare the features of BDSWISS , NordFX side by side to determine the best fit for your needs.
--
--
--
--
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, nordfx 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. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
NordFX Review Summary in 10 Points | |
Founded | 2008 |
Registered Country/Region | Vanuatu |
Regulation | VFSC (revoked), CYSEC (suspicious clone) |
Market Instruments | Fx pairs, metals, cryptocurrencies, CFD indices & stocks, oil |
Demo Account | Available |
Leverage | 1:1000 |
EUR/USD Spread | From 2 pips (Fix accounts) |
Trading Platforms | MT4 |
Minimum deposit | $10 |
Customer Support | 24/5 online chat, phone, email |
NordFX is a forex broker that offers over 30 currency pairs, bitcoin, other cryptocurrencies, gold and silver for your personal investment and trading options. It was established in 2008 and is registered in Vanuatu. NordFX provides online trading platforms and free training. The MetaTrader platforms also provide automated trading and market signals. However, it currently does not have any valid regulation.
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.
NordFX offers a wide range of financial instruments, providing traders with diverse trading opportunities. The availability of MetaTrader 4 across multiple devices enhances the convenience and accessibility of trading.
However, it is important to note that NordFX is an unregulated broker, which introduces higher risks to traders, especially regarding fund management and security. There have been reports of withdrawal issues, indicating potential challenges in this area.
Pros | Cons |
• Multiple trading assets and funding options | • No regulation |
• Demo accounts available | • Reports of issues with withdrawals |
• Low minimum deposit ($10) | • Clients from USA, Canada, EU, Russian Federation, Cuba, Sudan and Syria are excluded |
• MT4 supported | |
• Rich trading tools and educational resources |
There are many alternative brokers to NordFX depending on the specific needs and preferences of the trader. Some popular options include:
IC Markets - Best broker on the market with fast support and flawless spreads and order execution.
Roboforex - Fast money deposit and withdrawal with similar spreads and commission for Forex and gold as other brokers but on stocks roboforex is King.
AvaTrade - Good trading conditions overall with multiple CFD trading instruments and high number of forex pairs.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
NordFX does not hold any valid regulatory licenses at this stage and its Vanuatu Financial Services Commission (VFSA) license is revoked and Cyprus Securities and Exchange Commission (CYSEC, License No. 209/13) license is a suspicious clone.
It is important to note that trading with an unregulated broker can be risky as there is no guarantee that the broker will act in the best interest of the trader. Regulated brokers are required to follow strict rules and regulations which are designed to protect traders from fraudulent activities.
NordFX provides a diverse range of market instruments for traders to choose from. They offer a selection of FX pairs, allowing traders to participate in the foreign exchange market and take advantage of currency fluctuations.
Additionally, NordFX provides access to trading metals, such as gold and silver, offering opportunities for investors interested in the precious metals market. Cryptocurrencies are also available for trading, allowing traders to speculate on the price movements of popular digital assets like Bitcoin, Ethereum, and more.
Furthermore, NordFX offers CFDs on indices and stocks, enabling traders to trade popular global indices and individual stocks. Lastly, oil trading is available, allowing traders to participate in the energy markets by speculating on the price of crude oil.
NordFX provides traders with a variety of account options to suit their individual needs. They offer demo accounts, allowing traders to practice their strategies and familiarize themselves with the trading platform without risking real money.
For live trading, NordFX offers three main account types: Fix, Pro, and Zero. The Fix account has a low minimum deposit requirement of $10, making it accessible to traders with smaller capital. The Pro account requires a minimum deposit of $250 and provides additional features and benefits, such as lower spreads and access to a broader range of trading instruments. The Zero account, with a minimum deposit of $500, is designed for more advanced traders who require tight spreads and direct market access.
NordFX offers traders competitive leverage options, allowing them to amplify their trading positions. With leverage of up to 1:1000, traders can control larger positions in the market with a smaller amount of capital. This high leverage enables traders to potentially generate higher profits from successful trades.
However, it is important to note that while leverage can magnify profits, it also increases the risk of losses. Traders should exercise caution and carefully manage their risk when utilizing high leverage.
NordFX offers competitive spreads and commissions across its different account types. The Fix account has a spread starting from 2 pips, making it suitable for traders who prefer fixed spreads. The Pro account offers a tighter spread starting from 0.9 pips, appealing to traders who seek lower transaction costs. However, it's important to note that the Zero account stands out with a spread starting from 0.0 pips, providing traders with the potential for better pricing and reduced trading costs.
While the Fix and Pro accounts do not charge any commissions, the Zero account requires a commission of 0.0035% per trade on each side. Traders should consider their trading preferences and strategies to choose the account type that best aligns with their needs.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
NordFX | From 2 pips (Fix) | $0 (Fix, Pro) |
IC Markets | From 0.0 pips | $7 round turn |
RoboForex | From 0.0 pips | $0 (Pro) |
AvaTrade | From 0.9 pips | $0 (AvaTradeGO), $7 round turn (MT4/MT5) |
Please note that the spreads and commissions may vary depending on the specific account types and trading conditions offered by each broker. It's advisable to refer to the official websites or contact the brokers directly for the most up-to-date and accurate information.
NordFX provides traders with the popular and widely recognized MetaTrader4 (MT4) platform, available for Windows, Mac, iPhone, and Android devices. MT4 is known for its user-friendly interface, advanced charting tools, and a wide range of technical indicators and analysis tools. With MT4, traders can access real-time market data, place trades, set stop-loss and take-profit levels, and manage their positions efficiently.
The platform also supports automated trading through expert advisors (EAs), allowing traders to implement and test their own trading strategies. Additionally, NordFX offers mobile versions of MT4, enabling traders to stay connected and manage their trades on the go.
Overall, NordFX's provision of MT4 across multiple devices ensures convenience, flexibility, and a seamless trading experience for its clients.
See the trading platform comparison table below:
Broker | Trading Platforms |
NordFX | MetaTrader 4 (MT4) |
IC Markets | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
RoboForex | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
AvaTrade | AvaTradeGO, MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaOptions, AvaTradeAct |
NordFX offers a range of useful trading tools designed to enhance the trading experience and provide valuable market insights. Traders can access various analysis tools, including technical analysis reports and market news updates, which can help them make informed trading decisions. The Economic Calendar feature keeps traders updated on important economic events and their potential impact on the markets. NordFX also offers Trading Signals, which provide valuable trading ideas and recommendations generated by experienced analysts.
For traders who require uninterrupted trading, NordFX offers Virtual Private Server (VPS) hosting, ensuring reliable and high-speed trading execution. Additionally, the Trader's Calculator helps traders calculate position sizes, profit/loss, and other important trading parameters. Lastly, the Currency Converter tool allows for quick and easy conversion of currencies. These trading tools provided by NordFX aim to empower traders with valuable information, analysis, and resources to support their trading strategies and decision-making processes.
NordFX offers a variety of convenient deposit and withdrawal options to cater to the diverse needs of its clients. Traders can fund their accounts using Bank Transfer, Bank Cards, Online Payment Systems, Online Exchange Services, and Internal Transfer.
USD, EUR, CNY, IDR, GBP, VND, THB, PHP
NordFX | Most other | |
Minimum Deposit | $10 | $100 |
The minimum deposit requirement is set at a low amount of $10, making it accessible for traders of different levels.
Most deposits are free of charge and processed instantly, allowing traders to quickly start trading. Withdrawals are typically processed within 1 business day, ensuring efficient access to funds. However, it's important to note that withdrawal fees may vary depending on the chosen withdrawal method.
NordFX places a strong emphasis on customer support and offers multiple channels for traders to get in touch with their team. Clients can utilize the online chat feature on their website for immediate assistance, or they can opt to contact NordFX through phone or email. Additionally, traders have the option to send messages online for any inquiries or concerns they may have. NordFX also maintains an active presence on various social media platforms, including Telegram, Twitter, Facebook, Instagram, YouTube, LinkedIn, and Pinterest.
Overall, NordFX's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• Multiple contact channels | • Limited availability of 24/7 customer support |
• Social media presence for updates and announcements |
Note: These pros and cons are subjective and may vary depending on the individual's experience with NordFX's customer service.
On our website, you can see that some reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. 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.
NordFX provides a range of educational resources to support traders in their journey. They offer comprehensive information and resources on various topics, including Forex trading, through their dedicated Forex section. Traders can access a glossary that helps them understand key trading terms and concepts. Additionally, NordFX has a learning center that offers educational materials, tutorials, and guides to enhance traders' knowledge and skills. They also provide useful articles that cover market analysis, trading strategies, and other relevant topics.
In conclusion, NordFX offers a wide range of financial instruments, competitive trading conditions, and multiple trading platforms, making it an attractive choice for traders. However, it is important to note that NordFX is an unregulated broker, which may raise concerns regarding the safety of funds and overall credibility. Traders should exercise caution and carefully evaluate the associated risks before deciding to trade with NordFX. It is recommended to conduct thorough research, seek additional information, and consider alternative regulated brokers that provide stronger regulatory oversight and investor protection.
Q 1: | Is NordFX regulated? |
A 1: | No. NordFX holds a revoked Vanuatu Financial Services Commission (VFSC) license and a suspicious clone Cyprus Securities and Exchange Commission (CYSEC, License No. 209/13) license. |
Q 2: | At NordFX, are there any regional restrictions for traders? |
A 2: | Yes. NordFX does not offer its services to residents of the following jurisdictions: USA, Canada, EU, Russian Federation, Cuba, Sudan and Syria. |
Q 3: | Does NordFX offer demo accounts? |
A 3: | Yes. |
Q 4: | Does NordFX offer the industry leading MT4 & MT5? |
A 4: | Yes. It supports MT4. |
Q 5: | What is the minimum deposit for NordFX? |
A 5: | The minimum initial deposit to open an account is $10. |
Q 6: | Is NordFX a good broker for beginners? |
A 6: | No. It is not a good choice for beginners. Though it advertises well, it lacks legitimate regulation. |
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 nordfx 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 nordfx the spread is from 0.9.
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. nordfx is regulated by --.
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. nordfx provides trading platform including Pro,Fix,Zero,Savings and trading variety including 33 FX Pairs + Metals + Crypto + CFD Indices & Stocks + Oil.