Broker comparison between XTB vs BDSWISS
Do you want to figure out which is the better broker, xtb or bdswiss?
In the following table, you can compare the features of xtb and bdswiss side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does xtb or bdswiss have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that xtb and bdswiss are both reliable. We analyze the reasons as following:
Forex broker introduction
General Information & Regulation
XTB ranks the fourth largest stock exchange listed forex and CFD broker in the world，founded in 2002 and headquartered in London, UK, with offices in over 12 countries, including Poland, Germany, France, and Turkey. XTB Limited is authorized and regulated by the Financial Conduct Authority in the UK, with regulatory license number 522157.
XTB provides investors with some popular tradable instruments in the global financial markets, mainly foreign exchange, indices, commodity futures, stock CFDs, CFDs on traded funds, cryptos, etc.
XTB Minimum Deposit
XTB has designed two types of trading accounts, the Standard Account and the Pro account, as well as the Islamic account. The minimum deposit for start a standard account is US$250, which sounds slightly higher than most brokers' requirements.
XTB , as an European based broker, can not provide high trading leverge for traders due to EU regulation. Retail traders can use the maximum leverage of up to 1:30 for forex instuments, 1:5 for stocks trading. However, professional traders can apply the high leverage of up to 1:500 after the status is confirmed.
Spreads & Commissions
The main spreads for Forex products are 0.1 pips for EUR/USD and 0.2 pips for GBP/USD. Spreads for index products start from 0.7 pips for US2000 and 1.7 pips for UK100. Gold spreads start at 0.41 pips, silver from 0.041 pips, oil from 0.04 pips. The spread on APPL.US is around 0.01 pips. Forex, indices, crypto coins and commodities are traded with transaction fees all built into the spread, no additional commissions. Commissions for stock CFDs and ETFs start at 0.08% per lot. Forex, indices, commodities, CFDs on shares, and CFDs on exchange-traded funds in Islamic accounts are charged a commission of $10 per lot.
XTB offers traders the x Station 5 and x Station Mobile trading platforms. The trading platform allows traders to trade anywhere, anytime, and choose from over 4,000 commodities (including CFDs on Forex, Cryptocurrencies, Indices, Commodities, Stocks and Exchange Traded Index Funds from all over the world) in an intuitive design that makes it faster and easier for traders to manage their assets. The platform supports web, mobile, and desktop.
Deposit & Withdrawal
XTB offers various deposit and withdrawal methods for users to choose from, some of which may incur additional fees. Bank transfers: welcoming EUR, USD, GBP, HUF, no fees for deposit and withdrawal. Banks may charge a transfer fee. E-Wallet (PayPal, Skrill): accepting EUR, USD, GBP, HUF, PayPal - charging 2% of the deposit amount, Skrill - charging 2% of the deposit amount. Withdrawals below 100 USD / 80 EUR / 60 GBP / 12,000 HUF will be charged 20 USD / 16 EUR / 12 GBP / 3,000 HUF respectively.
General Information & Regulation
BDS Markets is an investment firm, incorporated in the Parliamentary Republic of Mauritius (Company Number: 143350) and is authorised and regulated by the Financial Services Commission of Mauritius (FSC) under License Number: C116016172. Registered address: BDS Markets, 6th Floor, Tower 1, Nexteracom Building 72201 Ebene – Mauritius. BDSwiss.com is operated by BDS Swiss Markets Global Services Ltd which is the primary payment provider and website operator. BDS Swiss Markets Global Services Ltd is acting on behalf of its related company, BDS Markets. BDSwiss is home to over 1.3 million accounts, over 30 billion in average monthly Forex volume (as of 2019 figures). Forex and commodity trading remains commission-free. Commodities, indices, and equity CFDs are acceptably priced.
In BDSWISS, traders can trade 50 major currency pairs, minor currency pairs, and minor currency pairs. The most popular commodities include crude oil, natural gas, and noble metals against major currencies, hundreds of share CFDs from the world's largest exchanges, and the world's leading indices products, all popular digital currency products, including Bitcoin and Litecoin, Ripple, and Ethereum CFD and ETF trading.
There are four types of accounts available: classic account, VIP account, and raw spread account, and the InvestPLUS account. The minimum deposit for a classic account is $100, quite affordable for most regular traders, while the initial deposit soars to $3000 for the VIP and the Raw Spread account, not good options for new traders.
An online application processes new account openings per industry standard. BDSwiss notes the process takes less than 49 seconds to complete. It will grant new traders access to the back-office from where accounts require verification, as stipulated by regulators to satisfy AML/KYC requirements. New traders must submit a copy of their ID and one proof of residency document to complete the account opening process, together with two questionnaires.
In terms of trading leverage, European clients can now use only a maximum leverage level 1:30 for Forex instruments, and the global BDSwiss traders may be still entitled for a higher range of up to 1:500
Spreads & Commissions
BDSwiss Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select. Classis spread are starting from 1.5 pips and VIP feature lower conditions with a spread from 1.1 pip.
BDSWISS TRADER MT4 is the perfect equipment for traders who wish to enter the financial market. The platform provides all the necessary tools and resources to analyze the price trends of financial products. And it also can conduct and edit transactions, and create & use automated trading programs (intelligent transactions, EA). Through this highly personalized platform, traders can tailor the trading environment based on their preferences and trading strategies. The platform has many advantages, including support for multiple languages, a real-time summary of customer accounts, including account equity, floating profit and loss, etc. MT5 is currently the world's most advanced MetaTrader platform, providing all the cutting-edge technology of MT4, and has more advanced trading tools and indicators, allowing traders to more easily manage transactions and use cutting-edge analytical tools to make more informed trading decisions. Both platforms are compatible with the BDSWISS web trading platform and mobile APP.
Deposit & Withdrawal
BDSWISS works closely with leading and secure payment providers to allow customers to deposit funds most conveniently. The minimum deposit for a classic account and raw STP account is $200. Payment options include Visa, Mastercard, wire transfer, Neteller, Skrill, Maestro DotPay, Giropay, online banking, etc. The handling fees are borne by the company. Withdrawal methods include Visa, Mastercard, Neteller, Skrill, and online banking. The company will bear the handling fees, and the withdrawal application will be processed within 24 hours.
A multilingual customer support that is available 24/5 is easily reached via e-mail, webform, phone, WhatsApp, Telegram, or live chat; a callback option is also available. In general, BDSwiss comes across as a well-managed brokerage, and traders are unlikely to require assistance. In case the need does arise, this broker has made accessibility a high priority. An FAQ section attempts to answer the most common questions.
Does xtb or bdswiss have a lower transaction costs and fees?
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 xtb and bdswiss are, we first considered common fees for standard accounts. On xtb, the average spread for the EUR/USD currency pair is From 0.00008 pips, while on bdswiss the spread is From 0.0.
Which broker is safer, xtb or bdswiss?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. xtb is regulated by CYSEC,FCA,CNMV. bdswiss is regulated by CYSEC,FSA,NFA.
Which broker provides better trading platform, xtb or bdswiss?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. xtb Available trading platforms include STANDARD, tradable financial instruments include Raw、VIP、Classic bdswiss works/provides STANDARD trading platform, trading instruments Raw、VIP、Classic