BDSwiss vs IG - Fees Review included
Which broker is better BDSwiss or IG? Our expert assessment conducted according to TU’s own methodology showed that BDSwiss is one of the top brokers in the financial market with the TU Overall Score of 5.13 out of 10. IG is one of the top brokers in the financial market with the TU Overall Score of 6.68 out of 10. Find out more about TU Overall Score.
| Feature | BDSwiss | IG |
|---|---|---|
Overall |
3.9 |
4.4 |
4.8 |
4.7 |
|
3.7 |
4.7 |
|
3.6 |
5 |
|
Investment Instruments |
1 |
3.9 |
Platforms and Charting Tools |
4.5 |
4.7 |
Deposit and Withdrawal |
3.9 |
4.0 |
Research |
3.7 |
4.5 |
Education |
4.2 |
4.2 |
Support |
4.1 |
4.8 |
Bonuses |
1 |
3.4 |
|
|
BDSwiss vs IG: Pros and Cons
The BDSwiss brokerage company has provided financial services in the Forex market since 2012. The broker is keen to cooperate with traders worldwide. Therefore its activities are regulated by authorities in several countries such as: the Cyprus Securities and Exchange Commission (CySEC); the German Federal Financial Supervisory Authority (BaFin); the UK Financial Conduct Authority (FCA); and the US National Futures Association (NFA).
The Forex broker IG Markets is a structural subdivision of the IG Group corporation. Its securities are listed on the London Stock Exchange and are included in the FTSE 250 index. IG Markets is a UK registered company created in 1974, but since its inception, its representative offices have appeared in some other European countries. Since 2014, a retail line of brokerage services has been opened. The international division of the broker is registered in Bermuda and licensed by the Bermuda Monetary Authority
| BDSwiss | IG | |
|---|---|---|
| Overall Pros | A vast array of trading assets. | reliability. IG Markets is part of the IG Group, founded in 1974. Its subsidiaries are also licensed by the British regulator FCA, the Monetary Authority of Singapore (MAS), and the American regulators CFTC, and NFA |
| A wide range of deposit and withdrawal methods. | 16,000 trading instruments, investments in IPOs and exchange-traded funds | |
| Withdrawal fees are paid by the company. | relatively good spreads, from 0.6-1 pips depending on the type of instrument | |
| The broker periodically conducts online lectures for its clients. | customer support is 24/7 | |
| Overall Cons | Lack of investment programs and trading bonuses. | high threshold of entry which discourages private novice traders |
| The broker charges a fee for inactivity on the account. | complicated and unpleasant verification procedure. There are cases of refusal to open an account due to unconfirmed or low income | |
| Support is unavailable on weekends. | there are no products for passive investment, no bonus system is provided | |
| a limited set of options for depositing and withdrawing money, which is not very convenient for global Forex traders |
BDSwiss vs IG: Safety and Regulation
| Regulated By: | BDSwiss | IG |
|---|---|---|
US Regulation |
No |
Yes (CFTC, NFA) |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
Mauritius (Company Number: 143350); BaFin Germany (Registration No. HRB 160749B); Financial Services Authority (FSA) Seychelles under license number SD047; |
BMA (Bermuda), MAS (Singapore) |
BDSwiss vs IG: Trading Conditions
| Trading Conditions | BDSwiss | IG |
|---|---|---|
Minimum Deposit |
$100 |
$450 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, BDSwiss Webtrader, and BDSwiss mobile apps for iOS and Android |
MT4, IG Trading Platform, L2 dealer |
Max Leverage (Futures) |
1:500 for Forex accounts and 1:5 for investment accounts |
1-200 |
Supported Markets |
Currency pairs, CFDs, indices, stocks, commodities, cryptocurrencies, and ETFs |
Forex, Crypto, commodities |
Trading assets |
250+ |
16000+ |
Trading Accounts |
Classic, VIP, Raw, InvestPLUS |
Demo, Standard |
Base Account Currencies |
EUR, USD, GBP |
USD |
BDSwiss vs IG: Fees
Forex Trading Fees
| Fee | BDSwiss | IG |
|---|---|---|
Standard Account EURUSD Average Spread |
1.6 pips |
0.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$5 per lot |
Not supported |
ECN Account EUR Average Spread |
0.2 pips |
Not supported |
CFD Trading Fees
| Fee | BDSwiss | IG |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | BDSwiss | IG |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Receiving costs are covered by BDSwiss |
No |
Withdrawal Fee |
Receiving costs are covered by BDSwiss |
No |
Inactivity Fee |
10% of the account balance, with the minimum amount charged being €25 or trading account currency equivalent, and the maximum amount charged being €49,90 |
$18 per month after 24 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
BDSwiss vs IG: Trading Assets
| Asset Name | BDSwiss | IG |
|---|---|---|
Overall |
250+ |
16000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
No |
Yes (CFD) |
Indices |
Yes |
No |
ETFs |
Yes |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
BDSwiss or IG: Investment Programs
| Asset Name | BDSwiss | IG |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
Investing in IPOs |
Trading Platforms: IG or BDSwiss
| BDSwiss | IG | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
IG Trading Platform |
Others |
No |
L2 dealer |
|
|
BDSwiss vs IG: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BDSwiss | IG |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
BDSwiss vs IG: Research
| Research Type | BDSwiss | IG |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
BDSwiss vs IG: Education
| Education Type | BDSwiss | IG |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
IG vs BDSwiss: Support
| Support Features | BDSwiss | IG |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
BDSwiss vs IG: Forex Bonuses and Promo
| Promo | BDSwiss | IG |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Each member of the referral program receives an individual link and can receive 150 EUR for each active trader. The maximum amount of total payments is 1500 EUR. |
"Invite a friend". The partner receives $100 for each attracted referral who must carry out 5 transactions of the corresponding volume (possibly, 5 lots are implied) within 6 months. |
Other Promos |
No |
|
|
|
Top 5 Reviews on IG
-
Comment
It’s a decent company, I do most of my trading here, but I have an account with another company. There are no particular complaints. If you know how to trade, I can confidently recommend IG Markets.
-
Comment
Personally, what attracts me the most is the access to options with a low deposit at IG Markets broker. However, everything comes with a price: commissions and premiums are higher compared to companies with higher margin requirements. By the way, with a minimum deposit of $200 for options, you won't get much leverage. So, to feel more comfortable, you need to deposit at least 10 times more money into your account.
-
Comment
I can briefly share my experience. Overall, if you don't dwell on withdrawal issues, everything is fine. I withdraw funds to my card or in USDT almost every month. Initially, I had doubts about IG Markets, but after several consistent withdrawals to my card, I started to trust them more. Although the profit is not that great because the amount constantly circulates in the balance: I deposit, trade, withdraw profit. But I enjoy the trading process itself, so I have no complaints about IG Markets broker.
-
Comment
I have recently explored IG Markets. My first impressions are positive. I had a lot of questions and contacted the support service. I was pleasantly surprised, since all questions were explained to me promptly and in full. Working is convenient, the IG Markets website is informative, and the platform has a lot of trading tools for every taste. In general, I am satisfied. I hope everything will be just as good.
-
Comment
I've known the broker IG Markets for several years. I started trading here when I had no experience with currency pairs. Over time, I gained experience and stopped losing my money. IG Markets is not my primary broker. I maintain a smaller deposit here compared to another company where the conditions are better. However, the first broker is the first broker, and I don't want to leave it.
Top 5 Reviews on BDSwiss
-
Comment
BDSwiss is a normal company, nothing supernatural. Execution is pleasing, money is deposited and withdrawn without problems. I recommend BDSwiss.
-
Comment
I have been trading with BDSwiss for more than 4 years. It is possible to work with BDSwiss, but there are also some disadvantages. Orders sometimes slip when there is a strong movement, but this is not very scary. Jumping spreads during news are much more annoying. Therefore, it becomes difficult to trade on news. It’s good to work with BDSwiss in long and medium positions.
-
Comment
BD Swiss is a reliable company, and I'm not just saying that. The company is reputable and large. I've been working here for 2 years now. I like the choice of trading instruments and fast order execution - everything is there to make money.
-
Comment
I want to tell you about my success with BDSwiss. I made a $3,000 deposit. Within a month, my $3,000 turned into $3,800. I am pleased with the result. My self-confidence has increased, I think that I am a good trader. I’m grateful to BDSwiss for the absence of requotes and slippages.
-
Comment
I was looking for a way to earn extra income, did some research, and was drawn to the opportunity to trade on the Forex market. I read many reviews about different brokers and decided to settle on BDSwiss. There are no account maintenance fees, no minimum deposit, and no commission on trades, which is a significant plus for me as a beginner. Overall, all the conditions are created for comfortable trading. The BDSwiss customer support impressed me. I had an issue once, and they resolved it promptly on the same day.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.