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BDSwiss vs HFM 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between BDSwiss and HFM? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, BDSwiss ranks more highly than HFM.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingBDSwissHFMIG
Overall Rating7.8 / 107.7 / 109.9 / 10
Account TypeBDSwissHFMIG
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesYesNo
Copy TradingBDSwissHFMIG
Social Trading / Copy TradingYesYesYes
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyBDSwissHFMIG
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)BDSwissHFMIG
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)BDSwissHFMIG
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsBDSwissHFMIG
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoYes
Social Trading / Copy TradingYesYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsNoYesYes
ETFNoYesYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsBDSwissHFMIG
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
Regulatory LicensesBDSwissHFMIG
Tier-1 Licenses117
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
CFTC Registered (USA)NoNoYes
Tier-2 Licenses132
Tier-3 Licenses111
Research, EducationBDSwissHFMIG
Trading Central (Recognia)NoNoNo
Forex News (Top-Tier Sources)NoYesYes
Daily Market CommentaryYesYesYes
AutochartistYesYesYes
Investor Dictionary (Glossary)YesNoYes
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)YesYesYes
Trading CostsBDSwissHFMIG
Minimum Initial Deposit$100-$5000 (depending on account type)$5£250.00
Average Spread EUR/USD - Standard1.6 (08/10/22)1.2 (August 2021)0.86 (September 2022)
All-in Cost EUR/USD - Active1.3 (08/10/22)0.9 (August 2021)0.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)NoNoYes
Trading ToolsBDSwissHFMIG
Watchlists - Total Fields7714
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)301533
Mobile Charting - Indicators / Studies303033
Trust FactorsBDSwissHFMIG
Year Founded201220101974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Authorised in European UnionYesYesYes
Trust Score838599
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BDSwiss vs HFM Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare BDSwiss vs HFM.

Can I trust BDSwiss?

BDSwiss has a trust score of 83, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust HFM?

HFM has a trust score of 85, giving it a "Trusted" trust label.

Is BDSwiss a good broker?

BDSwiss is a MetaTrader broker that also offers a proprietary mobile app and a growing range of markets to trade. While pricing is not its best feature, BDSwiss publishes its trade statistics in an effort to highlight its execution quality.

Is HFM a good broker?

HFM, previously known as HotForex, is a trusted brand that primarily offers the MetaTrader platform suite. HFM also features its own in-house copy trading platform, HFcopy, as well as a proprietary mobile platform called the HF app (though it can't yet be used for actual trading).

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. both BDSwiss and HFM are FCA Authorised (U.K.)., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, BDSwiss is CySEC Authorised (Cyprus), while HFM is CySEC Authorised (Cyprus), FSCA Authorised (South Africa) and DFSA / Central Bank Authorised (UAE)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia) and SEC Authorised (Thailand). When comparing tier-3 licenses both BDSwiss and HFM are FSC Authorised (Mauritius)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms BDSwiss supports a Proprietary Platform and Desktop Platform (Windows), whereas HFM supports a Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does BDSwiss offer MetaTrader? Does HFM offer MetaTrader?

Both BDSwiss and HFM offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do BDSwiss and HFM differ in terms of minimum deposit? What about average spreads and funding options?

BDSwiss requires a minimum deposit of $100-$5000 (depending on account type), while HFM requires a minimum deposit of $5. From our testing we found BDSwiss offers spreads of 1.6 (08/10/22), while HFM offers spreads of 1.2 (August 2021). Both BDSwiss and HFM offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, BDSwiss or HFM?

BDSwiss offers a more diverse selection of investment options than HFM allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, BDSwiss has 1081, compared to 3500 from HFM.

Can I trade cryptocurrency with BDSwiss or HFM?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither BDSwiss nor HFM allow you to trade physical cryptocurrencies.

Who offers more research tools, BDSwiss or HFM?

In terms of research and research tools BDSwiss gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. In comparison HFM has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading., neither have Trading Central (Recognia)

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