BDSwiss vs Libertex - Fees Review included
Which broker is better BDSwiss or Libertex? 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. Libertex is one of the top brokers in the financial market with the TU Overall Score of 8.27 out of 10. Find out more about TU Overall Score.
| Feature | BDSwiss | Libertex |
|---|---|---|
Overall |
3.9 |
4.5 |
4.8 |
4.4 |
|
3.7 |
4.6 |
|
3.6 |
4.3 |
|
Investment Instruments |
1 |
3.7 |
Platforms and Charting Tools |
4.5 |
5 |
Deposit and Withdrawal |
3.9 |
4.8 |
Research |
3.7 |
4.6 |
Education |
4.2 |
4.7 |
Support |
4.1 |
4.6 |
Bonuses |
1 |
4.7 |
|
|
|
BDSwiss vs Libertex: 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).
Libertex is a trading and investment software from Indication Investments Ltd, which appeared in the market back in 1997. Libertex Group was established in 1997, has over 2.9 clients, over 700 employees. The broker was awarded the Best Trading Platform at the recent Forex Awards. One of the advantages and distinguishing features of the broker is the current trading web-platform. It is characterized by a convenient interface, high information content, as well as high-quality technical equipment. All these components allow you to work with the terminal. The reliability indicator is the fact that the founders of the platform have been in the field of online trading and financial services provider for more than 20 years. Within this time they have built their reputation as an honest broker. Libertex has received 40 international awards from financial magazines and organizations for the quality of customer service and innovative technical solutions.
| BDSwiss | Libertex | |
|---|---|---|
| Overall Pros | A vast array of trading assets. | Trading ideas and trading signals, Hot assets section |
| A wide range of deposit and withdrawal methods. | Free crypto trading | |
| Withdrawal fees are paid by the company. | Advanced charting tools | |
| The broker periodically conducts online lectures for its clients. | 100% welcome bonus | |
| Advanced filters | ||
| CySec Regulation | ||
| Long-term investmetn portfolio with zero fees | ||
| Strong research team | ||
| Overall Cons | Lack of investment programs and trading bonuses. | Limited number of supported assets |
| The broker charges a fee for inactivity on the account. | Unclear fee structure | |
| Support is unavailable on weekends. |
BDSwiss vs Libertex: Safety and Regulation
| Regulated By: | BDSwiss | Libertex |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
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; |
Mauritius, St. Vincent and the Grenadines |
BDSwiss vs Libertex: Trading Conditions
| Trading Conditions | BDSwiss | Libertex |
|---|---|---|
Minimum Deposit |
$100 |
100 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, BDSwiss Webtrader, and BDSwiss mobile apps for iOS and Android |
МТ4, MT5, Libertex |
Max Leverage (Futures) |
1:500 for Forex accounts and 1:5 for investment accounts |
1:30 for retails |
Supported Markets |
Currency pairs, CFDs, indices, stocks, commodities, cryptocurrencies, and ETFs |
Forex, CFDs on indices, stocks, ETFs, commodities, crypto, metals |
Trading assets |
250+ |
250+ |
Trading Accounts |
Classic, VIP, Raw, InvestPLUS |
Libertex CFD, Libertex Portfolio |
Base Account Currencies |
EUR, USD, GBP |
EUR, GBP, PLN, CFH |
BDSwiss vs Libertex: Fees
Forex Trading Fees
| Fee | BDSwiss | Libertex |
|---|---|---|
Standard Account EURUSD Average Spread |
1.6 pips |
0.3 pips |
Standard Account Fee |
$0 |
0.03% |
ECN/STP Account Fee |
$5 per lot |
Not supported |
ECN Account EUR Average Spread |
0.2 pips |
Not supported |
CFD Trading Fees
| Fee | BDSwiss | Libertex |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | BDSwiss | Libertex |
|---|---|---|
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 |
$5 per month afther 180 days 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 Libertex: Trading Assets
| Asset Name | BDSwiss | Libertex |
|---|---|---|
Overall |
250+ |
250+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
No |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
BDSwiss or Libertex: Investment Programs
| Asset Name | BDSwiss | Libertex |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: Libertex or BDSwiss
| BDSwiss | Libertex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
Libertex |
Others |
No |
No |
|
|
|
BDSwiss vs Libertex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BDSwiss | Libertex |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
BDSwiss vs Libertex: Research
| Research Type | BDSwiss | Libertex |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
BDSwiss vs Libertex: Education
| Education Type | BDSwiss | Libertex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
Libertex vs BDSwiss: Support
| Support Features | BDSwiss | Libertex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
BDSwiss vs Libertex: Forex Bonuses and Promo
| Promo | BDSwiss | Libertex |
|---|---|---|
Forex Bonus |
No |
100% welcome bonus |
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. |
Up to 50% of referrals spread |
Other Promos |
||
|
|
|
Top 5 Reviews on Libertex
-
Comment
When I first started trading on Forex, I already heard about Libertex as a reliable company. I decided to try and for 6 years of cooperation I was not disappointed. One of the main advantages is the author's platform, where the transaction parameters are calculated using a multiplier. In addition, instead of spreads, a fixed commission is set, which allows you to significantly reduce costs. The disadvantage of such a commission system is that you still have to pay interest on losing trades. I am not new to trading, but I constantly visit the training section, where experienced traders share the secrets of success. I want to try to work with cryptocurrency somehow, because the broker provides such an opportunity.
-
Comment
The speed of the Libertex platform is close to perfect. I regret that I did not start working with it from the beginning, I lost time. The only inconvenience is that there are no spreads here, and the commission is not always calculated clearly. Therefore, the projected income is often past the real one.
-
Comment
I had a bad experience with 2 dishonest brokers, so now Libertex seemed like a fairy tale to me! Conditions are excellent, execution is instant. I checked the withdrawal and it works. You can make money with this company, and even make good money.
-
Comment
Libertex consistently pays money, and that's a fact! For me, this is the main point in the question of whether it is worth further cooperating with the company. Therefore, I’ve been with Libertex for almost a year now. At the moment, I have no complaints about the company. Everything is calm and clear, and this is very important!
-
Comment
I've been trading with Libertex for six months. In general, trading here is quite comfortable. Conditions are the very thing I need. The trade execution quality is good. The withdrawal of the money earned is made within the time frame specified in the regulations. There is nothing to complain about!
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.