LegacyFX vs BDSwiss

LegacyFX or BDSwiss – which is better for UK traders 2024? Compare LegacyFX and BDSwiss in this detailed breakdown of their platforms, features and fees.

LegacyFX vs BDSwiss Comparison Table 2024
LegacyFX BDSwiss
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2.5
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3.8
LegacyFX is ranked #96 among CFD brokers. BDSwiss is ranked #96 among CFD brokers.
Review
Review
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
BDSwiss has closed or no longer accepts UK clients.
BDSwiss is an award-winning forex and CFD broker founded in 2012. The firm offers 250+ instruments to clients in over 180 countries. With spreads from zero pips and three powerful charting platforms, they offer a rounded trading package for beginners and seasoned investors alike. The broker is regulated by the Mauritius FSC and Seychelles FSA.
Pros
  • Choice of powerful trading terminals, including an in-house app with 50+ technical tools, a Trend Analysis feature and an advanced Market Watch window
  • BDSwiss maintains its position as a fast execution broker, with speeds averaging 0.06 seconds plus 78.3% zero/positive slippage at the time of writing
  • The broker continues to offer superb market research with daily expert insights, the Autochartist market scanning tool, and a forex heatmap
  • There are several account types to suit different traders and budgets, with just a $10 minimum deposit and dynamic leverage up to 1:2000
  • The knowledgeable support team is available 24/5 in 20 languages and the live chat service is responsive based on tests
  • BDSwiss offers an excellent suite of education resources for beginners including webinars, eBooks and seminars
  • BDSwiss is a globally recognised brand with a 10+ year history transparent trading conditions
Cons
  • There's a $30 inactivity fee after 90 days which is higher than several top competitors, including XM which only charges $5
  • The range of 250+ assets is mediocre compared to most leading brokers which typically offer 1000+
  • The lack of a top-tier regulator like the CySEC or ASIC brings down the trust score a little
  • VPS plans start from €30 per month, which is not the cheapest
Awards
  • Best Trading Signals Provider 2021
  • Broker of the Year 2021
  • Best STP Forex Broker 2020
  • Best Forex Broker in the Middle East 2019
FCA Regulated
Yes No
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, stocks CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$500 $10
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, VFSC, NBRB FSC, FSA
Mobile Apps
iOS & Android iOS & Android
Trading App

The BDSwiss Online Forex Trading app, makes 250+ markets available for online trading on a fast, modern and user friendly platform. More features could be added, and the overall rating by users is a concern, though the service is responsive and reliable.
iOS App Rating
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5
Android App Rating
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3.8
Margin Trading
Yes No
MetaTrader 4
No Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
Yes No
eSignal
No No
Trading Central
Yes No
STP Account
Yes No
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Forex copy trading is available through the broker's partner program, with access to successful investors selling their positions and strategies to aspiring traders. The fully automated service allows experienced traders to earn extra revenue, with various payout plans available.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$30
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • CHF
  • SGD
  • RUB
  • PLN
  • HUF
  • USD
  • EUR
  • GBP
  • SEK
  • PLN
Commodities
  • Silver
  • Gold
  • Oil
  • Copper
  • Cocoa
  • Cotton
  • Corn
  • Coffee
  • Sugar
  • Wheat
  • Aluminium
  • Palladium
  • Zinc
  • Gasoline
  • Gold
  • Silver
  • Natural Gas
CFD
Trade leveraged CFDs in a range of financial markets. BD Swiss offers CFDs on 250+ instruments through the MT4 and MT5 platforms or an in-house app - all of which deliver a superb trading environment. The proprietary Webtrader, for example, offers over 50 indicators and studies, plus a Trend Analysis tool.
Leverage
1:200 1:30
FTSE Spread
From 1.0 1.0
GBPUSD Spread<
From 0.5 1.7
Oil Spread
From 0.05 0.8
Stocks Spread
From 0.02 0.1
Forex
Trade FX pairs with tight spreads & leverage. BDSwiss continues to offer an above-average selection of 50+ currency pairs with leverage up to 1:400 on major pairs. Typical spreads for EURUSD come in at a competitive 0.3 pips plus a $6 commission which is in line with our award-winner, Pepperstone.
Assets
40+ 50+
GBPUSD Spread
From 0.5 1.7
EURUSD Spread
From 0.6 1.2
EURGBP Spread
From 0.5 1.3
Cryptocurrency
Go long or short on popular cryptos against the USD and EUR BD Swiss traders can access CFDs on 22 different cryptocurrencies paired with USD, while BTC and ETH can also be traded in pairs with GBP and EUR. The 26.57 BTCUSD spread is higher than the cheapest crypto brokers but there are zero commissions.
Spread
Variable BTC from 1%
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • SOL
  • BNB
  • BTC
  • ETH
  • DASH
  • EOS
  • BCH
  • ZCASH
  • MON
  • IOTA
  • XRM
  • NEO
  • OMG
  • ZEC
  • XMR
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
LegacyFX BDSwiss
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