OctaFX Vs. BDSwiss - Compare Trustworthiness, Capabilities, Fees and Legitimacy


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Overview
OctaFX is an international FX broker operating as an incorporated company from St. Vincent and the Grenadines specialising in currencies trading via MetaTrader 4 & 5.	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.
Best For
Traders looking for a high leverage off-shore broker New traders looking to experiment using MT4 & 5 with a no commission low-cost broker	Beginners looking to learn the basics using the "Cent" account Intermediate traders looking for quality fundamental analysis
Licenses
Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None	CySec (Cyprus) NFA (United States) FSC (Mauritius)
The Good
High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit	Excellent educational library with analysis published on the daily basis Suitable for traders who are willing to invest time in learning fundamental analysis.
The Bad
Despite having financial licenses, OctaFX does not operate using them, meaning that they are an unregulated broker. Their asset offering is extremely limited (80 instruments)	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.
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
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
2011	2012
💳 Minimum Deposit Range
$25	$100
💰 Payment Methods
Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer	Visa Mastercard Bank Transfer Neteller Skrill Sofort iDeal
💵 Account Base Currencies
2 - EUR, USD.	4 - USD, EUR, GBP, SEK.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA.	BE, CD ,ER, JP, KP, LY, MU, SC, SO, SD, US.
📊 STP Account
Yes	Yes
📊 DMA Account
No	No
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
80	1,066
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
0	900
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
35	50
📗 Commodities
0	0
📗 Commodities CFDs
5	6
📕 Indices
0	0
📕 Indices CFDs
10	10
📔 ETFs
0	0
📔 ETFs CFDs
0	80
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
30	20
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	1 Share
📉 Minimum ETFs Trade Size
Unavailable	1 ETF
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
500	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
None	10% of account balance after 90 days of inactivity (minimum at €25, maximum at €49.90).
💰 Deposit Fees
None	€10 flat fee for bank wire withdrawals equal to or less than €100.
💰 Withdrawal Fees
None	None
💰 Commissions
None	Yes depending on account type (Eg: Raw accounts have a $5 per lot round turn commission while other pay spreads).
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips	Dynamic - From 0.3 Pips to 1.5 Pips
📉 SP500
Dynamic - From 20 Pips	Dynamic - From 39 Pips
📈 GOLD
Dynamic - From 180 Pips	Dynamic - From 27 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $3.30
📈 XLK (ETF - CFD)
Unavailable	0.10%
📉 BTC
Dynamic - From $57	Dynamic - From $190
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	Yes
📡 Account Management
No	Yes
📡 Webinars
No	Yes