BDSwiss vs NordFX - Fees Review included
Which broker is better BDSwiss or NordFX? 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. NordFX is one of the top brokers in the financial market with the TU Overall Score of 7.1 out of 10. Find out more about TU Overall Score.
| Feature | BDSwiss | NordFX |
|---|---|---|
Overall |
3.9 |
4.1 |
4.8 |
3.5 |
|
3.7 |
4.5 |
|
3.6 |
3.6 |
|
Investment Instruments |
1 |
5 |
Platforms and Charting Tools |
4.5 |
4.5 |
Deposit and Withdrawal |
3.9 |
4.4 |
Research |
3.7 |
4 |
Education |
4.2 |
4.2 |
Support |
4.1 |
4.4 |
Bonuses |
1 |
3.8 |
|
|
|
BDSwiss vs NordFX: 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).
NordFX is an international company founded in 2008. Over the years, the broker has been awarded over 50 prestigious awards and various prizes. You can find below a shortlist of the company's achievements over the past decade. In 2020, NordFX received the “Best Platform for Central Asset Accounts” award. Earlier in the year, its affiliate program received this award as well as the social trading platform award. According to the Masterforex-V Academy, NordFX became the best world broker in 2019. In 2018, it was declared the Best Broker in Asia. Since 2011, its bonus programs, promotions, and partner programs have regularly been recognized as the best in Asia. The high quality of service was noted and NordFX was recognized as the “Best Forex broker in China” for the quality of its dealing. NordFX operates in nearly 190 countries and has over 1.25 million trading accounts. The company offers services for active and passive trading on the Forex market. It operates under the jurisdiction of the British Virgin Islands.
| BDSwiss | NordFX | |
|---|---|---|
| Overall Pros | A vast array of trading assets. | Saving account for investors |
| A wide range of deposit and withdrawal methods. | Copy trading and PAMM are available | |
| Withdrawal fees are paid by the company. | Zero spread account for active traders | |
| The broker periodically conducts online lectures for its clients. | Attractive affiliate program | |
| Free trading signals | ||
| Free VPS | ||
| Deposits in crypto | ||
| Overall Cons | Lack of investment programs and trading bonuses. | Offshore regulation |
| The broker charges a fee for inactivity on the account. | Only 35 supported FX pairs | |
| Support is unavailable on weekends. | High card withdrawal fee |
BDSwiss vs NordFX: Safety and Regulation
| Regulated By: | BDSwiss | NordFX |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
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; |
VFSC (Vanuatu) |
BDSwiss vs NordFX: Trading Conditions
| Trading Conditions | BDSwiss | NordFX |
|---|---|---|
Minimum Deposit |
$100 |
$10 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, BDSwiss Webtrader, and BDSwiss mobile apps for iOS and Android |
МТ4, MT5, MultiTerminal, NordFx Mobile |
Max Leverage (Futures) |
1:500 for Forex accounts and 1:5 for investment accounts |
1-1000 |
Supported Markets |
Currency pairs, CFDs, indices, stocks, commodities, cryptocurrencies, and ETFs |
Forex, CFDs on indices, stocks, commodities, crypto, metals |
Trading assets |
250+ |
100+ |
Trading Accounts |
Classic, VIP, Raw, InvestPLUS |
Fix, Pro, Zero, Savings |
Base Account Currencies |
EUR, USD, GBP |
USD |
BDSwiss vs NordFX: Fees
Forex Trading Fees
| Fee | BDSwiss | NordFX |
|---|---|---|
Standard Account EURUSD Average Spread |
1.6 pips |
1.2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$5 per lot |
0.0035% per lot (3.5 USD) |
ECN Account EUR Average Spread |
0.2 pips |
0.3 pips |
CFD Trading Fees
| Fee | BDSwiss | NordFX |
|---|---|---|
CFD Trading Fee |
Floating spread |
Crypto pairs - 0.06% Other CFDs - 0,005% |
Non-Trading Fees
| Fee | BDSwiss | NordFX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Receiving costs are covered by BDSwiss |
No |
Withdrawal Fee |
Receiving costs are covered by BDSwiss |
4% - Card Withdrawal, 0-5% - Payment services, 0% - Bank Transfer |
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 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
BDSwiss vs NordFX: Trading Assets
| Asset Name | BDSwiss | NordFX |
|---|---|---|
Overall |
250+ |
100+ |
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 |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
BDSwiss or NordFX: Investment Programs
| Asset Name | BDSwiss | NordFX |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: NordFX or BDSwiss
| BDSwiss | NordFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
NordFx Mobile |
Others |
No |
No |
|
|
|
BDSwiss vs NordFX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BDSwiss | NordFX |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
BDSwiss vs NordFX: Research
| Research Type | BDSwiss | NordFX |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
BDSwiss vs NordFX: Education
| Education Type | BDSwiss | NordFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
NordFX vs BDSwiss: Support
| Support Features | BDSwiss | NordFX |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
BDSwiss vs NordFX: Forex Bonuses and Promo
| Promo | BDSwiss | NordFX |
|---|---|---|
Forex Bonus |
No |
Referal bonus 10% |
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 60% of referrals spread |
Other Promos |
||
|
|
|
Top 5 Reviews on NordFX
-
Comment
Before opening an account with NordFX and transferring my money here, I studied reviews of this broker and I found many positive reviews. Moreover, the broker offers normal trading and that is why I work with this company.
-
Comment
This company NordFX is known for canceling a trader's profit without any explanation. This happened to me. While trading with an initial deposit of $600, I was able to increase the amount to $1480. All trading was done manually. And then I received an email stating that I had violated some conditions and my profit would be canceled. They only returned my initial deposit. And do you think they returned the entire amount? No, they deducted a 5% commission and an additional fixed penalty. Later, I found out that there are many such cases with NordFX. This company deceived not only me!
-
Comment
A major issue with NordFX is the price charts. During strong market movements, the platform may not work for several hours. I miss the most crucial moment for earning. At night, the GBPUSD pair stays motionless for two hours. Then, movement suddenly starts with a price gap. Opening an order at the desired price with NordFX is very problematic. Therefore, personally, I do not recommend dealing with this company!
-
Comment
At NordFX, there are frequent issues with the trading terminal. Firstly, there are freezes during the release of important news. In such cases, an order may open after a significant price gap, resulting in substantial losses for me. Secondly, I can't understand why the NordFX terminal stops working at different times. This can happen at the most inconvenient moments, and, of course, I incur losses. The support team does not address terminal issues; they simply suggest changing my internet provider.
-
Comment
I encountered a problem opening orders with NordFX. I try to trade actively, and it is important for me to open orders strictly at the stated price. But NordFX, even when opening an order, indicates that the price may differ from the stated one. But I had no idea that the difference would be that huge. First, orders open with delays. Second, the difference between the asking price and the opening price can be 6 pips higher. And this is even in a calm market. On strong movements the difference is significant.
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.