BDSwiss
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72.5% of retail CFD accounts lose money.

Vs.

SquaredFinancial
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63.2% of retail CFD accounts lose money.

BDSwiss Vs. SquaredFinancial - Compare and Choose the Right One

Updated May 13 2022

Visit

72.5% of retail CFD accounts lose money.

Visit

63.2% of retail CFD accounts lose money.

Overview

BDSwiss is a global broker headquartered in Switzerland that holds multiple financial licenses and offers access to over 250 financial instruments through 4 account types according to each trader's needs.

SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms.

Best For
  • Beginners looking to learn the basics using the "Cent" account
  • Intermediate traders looking for quality fundamental analysis
  • Professional high volume traders looking to exploit their competitive commissions in shares
  • High volume FX traders looking to open a SquaredElite account with spreads from 0 Pips
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • NFA (United States)
  • FSC (Mauritius)
  • CySec (Cyprus)
  • FSAS (Seychelles)
The Good
  • Excellent educational library with analysis published on the daily basis
  • Suitable for traders who are willing to invest time in learning fundamental analysis.
  • Extensive asset offering (more than 10,000+ products)
  • Real stocks are offered along with CFDs
  • Very competitive share trading commissions when compared to similar brokers
The Bad
  • Higher spreads and limited functionality for small accounts
  • Needs $1000 deposit to have access to a personal account manager, or $5,000 for the advantageous Raw account.
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2012 2005
💳 Minimum Deposit
$, €, £ - 100

250 € (SquaredPro Account), 5,000 € SquaredElite Account

💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Sofort
  • iDeal
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
💵 Account Base Currencies
4 - USD, EUR, GBP, SEK 5 - EUR, USD, GBP, CHF, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
BE, CD ,ER, JP, KP, LY, MU, SC, SO, SD, US US, CA, IR, SY.
📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on stocks, commodities, currencies, cryptocurrencies and indices.

  • Real stocks and ETFs
  • CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.
📙 Stocks
140 CFDs / 900+ on MT5 Platform 8,000 Real Stocks / 8,000 Stock CFDs
📘 Currency Pairs
50+ 40+
📗 Commodities
6 5
📕 Indices
10 15
📔 ETFs
80 1,000 ETFs CFDs
💸 Cryptocurrencies
20 25+
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A 16
📝 Notes:

SquaredFinancial provides real stocks along with CFDs on the most common asset classes.

Trading Experience
📈 Minimum Stock Trade Size
1 share 1 Share
📉 Minimum ETFs Trade Size
1 contract 1 ETF
📈 Minimum Crypto Trade Size
0.01 Lots Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
0.01 Lots Varies per Commodity (Eg: 1 Gold Contract)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A Varies per future (Eg: 1 Contract)
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

10% of account balance after 90 days of inactivity (minimum at €25, maximum at €49.90) 

No
💰 Deposit Fees
No No
💰 Withdrawal Fees

€10 flat fee for bank wire withdrawals equal to or less than €100

No
💰 Commissions

Yes depending on account type (Eg: Raw accounts have a $5 per lot round turn commission while other pay spreads)

Yes, depending on account type or assets. For account types:


  • SquaredPro account has no default commissions
  • SquaredElite account has a commission of $5 per lot

For particular assets there are commissions on all accounts, specifically in shares as follows:


  • USA shares have a $0.06 per share commission (with a minimum of $2)
  • European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)
Spreads
📈 EUR/USD
Dynamic - From 0.3 Pips (Raw Account) Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 39 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 27 Pips Dynamic - From 110 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3.30 Dynamic - Market Spread
📈 XLK (ETF - CFD)
0.10% Dynamic - Market Spread
📉 BTC
Dynamic - From $190 Dynamic - From $250
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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