BDSwiss Alternatives

Category: Broker Guides | Author: Trading Brokers | Date: July 12, 2023

BDSwiss has established itself as a reputable broker, but exploring alternative options can provide traders with a broader range of choices to suit their trading needs. In this article, we will introduce you to some of the best alternatives to BDSwiss. These alternatives offer competitive trading conditions, diverse market offerings, and robust platforms to cater to traders of different levels of experience. By considering these alternatives, traders can expand their options and potentially find a broker that better aligns with their specific preferences and objectives.

Overview of BDSwiss

BDSwiss is a leading financial institution that offers Forex and CFD trading on more than 250 underlying instruments, including shares, indices, energies, and metals. It was founded in 2012 and is regulated by the Financial Services Commission of Mauritius and the Financial Services Authority of Seychelles. It claims to provide award-winning conditions, world-leading platforms, competitive pricing, and optimal execution. It also offers daily market analysis, live education, multi-lingual support, local presence, and a wide range of native and award-winning platforms, such as MetaTrader 4, MetaTrader 5, Webtrader, and Native Mobile App. Additionally, it has a global reach and supports traders from over 180 countries, has a high average quarterly trading volume of over $220 billion, has a low minimum deposit requirement of only $100 for most account types, and offers a free demo account for potential clients to test their services.

However, it also has some drawbacks, such as not accepting clients from some countries, such as the USA, Canada, Japan, and Australia, charging a withdrawal fee for some payment methods, not offering negative balance protection for clients outside the EU and having a limited range of products, compared to some other brokers. Therefore, it is a reputable and regulated broker that offers diverse trading opportunities and services for traders of different levels and preferences, but not everyone’s.

BDSwiss Logo

BDSwiss are an award-winning broker with a generous selection of 250+ tradeable instruments. They provide powerful trading platforms with additional trading tools and plenty of educational materials.

76.8% of retail investor accounts lose money when trading CFDs with this provider.

Best Alternatives to BDSwiss

Determining the best alternatives to BDSwiss can depend on individual preferences and trading goals. However, here are five highly regarded trading platforms that are considered top alternatives:

IC Markets

IC Markets is an Australian-based online ECN forex broker firm that offers low spreads and commissions, fast execution and high liquidity, a variety of trading platforms and tools, and regulation by ASIC and FSA. The company is one of the biggest online retail foreign exchange brokers and specializes in CFDs over Forex, Indices, Commodities, Bonds, and equity markets in Asia and Europe. However, some of the drawbacks of IC Markets are that it does not offer any bonuses or promotions, it has limited educational resources, and it does not accept US clients.

IC Markets Logo

IC Markets is the world’s largest true ECN trading broker offering over 2,000 trading instruments across multiple markets on the most popular trading platforms. They are a multi-regulated broker with deep liquidity pools that can provide you with rapid trade execution speeds, low spreads, low commission fees, various funding options and 24/7 support.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

AvaTrade

AvaTrade is an Irish-based online broker that offers fixed and floating spreads, a variety of trading platforms and apps, generous bonuses and promotions, and regulation by MiFID, ASIC, FSCA, and FSA. The broker offers trading on over 250 instruments, including forex, stocks, commodities, indices, ETFs, and cryptocurrencies and has offices in 11 countries, and serves clients from over 150 countries. However, some of the disadvantages of AvaTrade are that it has a high minimum withdrawal amount, it does not offer ECN accounts, and it has a slow customer support response time.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

City Index

City Index is a UK-based spread betting, FX, and CFD broker that offers competitive spreads and commissions, multiple trading platforms and apps, comprehensive research and analysis tools, and regulation by FCA, ASIC, and MAS. The broker offers trading on over 12,000 global markets, including indices, shares, forex, commodities, and cryptocurrencies, and is part of StoneX Group Inc., a NASDAQ-listed company. However, some of the disadvantages of the City Index are that it has a high minimum deposit requirement, and it does not offer Islamic accounts.

City Index Logo

City Index is a one of the world’s leading trading brokers offering thousands of financial instruments to traders worldwide. They have many years of experience, offering fast and reliable trade execution speeds, tight spreads and award-winning trading platforms.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

XM Group

XM Group is a global online forex and CFD broker that offers low spreads and commissions, flexible leverage and swap-free accounts, a variety of trading platforms and tools, including MT4, MT5, and WebTrader, and regulation by CySEC, ASIC, and IFSC. The company is one of the most popular brokers in the industry and has a loyal customer base of over 3.5 million traders. However, some of the disadvantages of XM Group are that it does not offer any cryptocurrencies or ETFs, it has a limited range of payment methods, and it does not have a proprietary platform.

XM Logo

XM Group is a multi-award winning globally established and regulated broker that offers tight spreads, fast execution speeds and low commission fees, for trading over 1,000 instruments on user-friendly platforms. They also provide education, market analysis tools and convenient funding options.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

XTB

XTB is a global online forex and CFD broker that offers tight spreads and low fees, fast execution, and negative balance protection, a variety of trading platforms and tools, including MT4 and xStation 5, and regulation by FCA, CySEC, and KNF. The company is one of the most established brokers in the industry and has a reputation for its innovation and education. However, some of the drawbacks of XTB are that it does not offer any bonuses or promotions, it has a limited range of assets, and it does not accept US clients.

XTB Logo

XTB offer superior execution on a reliable, award-winning platform, being one of the largest stock exchange-listed Forex and CFD brokers in the world - dedicated to helping you at every stage of your trading journey.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Conclusion

When considering alternatives to BDSwiss, IC Markets, AvaTrade, City Index, XM Group, and XTB emerge as top choices. These brokers offer unique features, competitive pricing, reliable customer support, and advanced trading platforms. Traders should carefully assess factors such as trading instruments, platform features, regulations, and educational resources when evaluating these alternatives. By selecting the best alternative that meets their trading requirements, traders can enhance their trading experience.


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