Select a different country or region to view content tailored to your location.
In the fast-paced world of forex trading, choosing the right broker is crucial. BDSwiss and Skilling are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between BDSwiss and Skilling across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated BDSwiss and Skilling, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, Skilling earned a higher trust rating than BDSwiss.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that Skilling has overall lower trading costs than BDSwiss.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both BDSwiss and Skilling offer copy trading.
A broader range of CFD instruments provides more trading opportunities. Skilling offers a greater variety of instruments compared to BDSwiss:
For those interested in trading cryptocurrencies, Skilling offers 61 cryptocurrencies, while BDSwiss offers 27 cryptocurrencies. Therefore, Skilling is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that BDSwiss charges a withdrawal fee and Skilling does not. Overall, BDSwiss has better deposit and withdrawal processes than Skilling.Â
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.Â
BDSwiss and Skilling both have very good educational support. Both BDSwiss and Skilling offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that BDSwiss offers better research analysis than Skilling and that both BDSwiss and Skilling offer frequent webinars.
Founded in 2012, BDSwiss is a responsible and well-regulated broker with a large international customer base. It offers trading on multiple CFD instruments, including Forex, commodities, shares, indices, and over 26 cryptocurrencies, which is a much wider range than is available at other brokers.
BDSwiss' trading fees are average compared to other brokers across most of its account types. The Cent Account requires a minimum deposit of 10 USD and spreads start at 1.5 pips on the EUR/USD, but no commissions are charged for Forex trading. Trading fees are significantly lower on the Zero-Spread Account, down to 0 pips (EUR/USD) with a commission of 6 USD on forex pairs, but this is in exchange for a minimum deposit requirement of 100 USD.
With full support for both the MetaTrader 4, MetaTrader 5, and its own proprietary trading platforms, traders can access various trading tools, including Autochartist and built-in trend analysis tools. Additionally, its award-winning educational and analytical materials cater to traders of all experience levels, and BDSwiss allows all trading strategies, including hedging, scalping, and algorithmic trading.
Founded in 2012, BDSwiss is a responsible and well-regulated broker with a large international customer base. It offers trading on multiple CFD instruments, including Forex, commodities, shares, indices, and over 26 cryptocurrencies, which is a much wider range than is available at other brokers.
BDSwiss' trading fees are average compared to other brokers across most of its account types. The Cent Account requires a minimum deposit of 10 USD and spreads start at 1.5 pips on the EUR/USD, but no commissions are charged for Forex trading. Trading fees are significantly lower on the Zero-Spread Account, down to 0 pips (EUR/USD) with a commission of 6 USD on forex pairs, but this is in exchange for a minimum deposit requirement of 100 USD.
With full support for both the MetaTrader 4, MetaTrader 5, and its own proprietary trading platforms, traders can access various trading tools, including Autochartist and built-in trend analysis tools. Additionally, its award-winning educational and analytical materials cater to traders of all experience levels, and BDSwiss allows all trading strategies, including hedging, scalping, and algorithmic trading.
For more detailed reviews, please read our comprehensive assessments of BDSwiss and Skilling.
You can either use the arrow button or swipe on mobile
Broker | Countries Regulated | Minimum Spread EUR/USD | Minimum Deposit | Trading cost/lot EURUSD Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission. | Broker Score | Broker Website | Select and Compare |
|---|---|---|---|---|---|---|---|
 |     | 0.10 pips | USD 3 | USD 7 | |||
 |     | 0 pips | USD 0 | USD 10 | |||
 | | 0 pips | USD 0 | USD 10 | |||
 |       | 0.60 pips | USD 0 | USD 6 | |||
 |    | 0.90 pips | USD 100 | USD 9 | |||
 | | 0.40 pips | USD 100 | USD 14 | |||
 |  | 0.70 pips | USD 5 | USD 7 | |||
| | 0.60 pips | USD 5 | USD 6 | |||
 | | 0.10 pips | USD 200 | USD 8 | |||
 | | 0.70 pips | USD 10 | USD 17 |
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
