This comparison pits two brokers on regulation, cost, and platform options to reveal how EU safeguards compare with Indonesian oversight.
Find out which broker best suits your trader profile.
Choose if…
Choose BDSwiss if you want CySEC regulation with ICF compensation and access to 250 instruments.
Choose if…
Choose TPFx if you want Indonesian regulators (BAPPEBTI/OJK) and a 50-instrument lineup.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 3.9/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5▲ | 3.7 / 5 |
Pros
$10 minimum deposit (Classic account) - lowest among CySEC-regulated MT4/MT5 brokers
CySEC (199/13) regulation with ICF compensation scheme for EU clients
MT4, MT5, and proprietary WebTrader
Prime ECN account: raw 0.0 pip spreads at $6/lot commission
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | BDSwiss | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
The scores are close: BDSwiss rates 3.9/5 and TPFx rates 3.7/5. BDSwiss has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
BDSwiss starts from 0 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
BDSwiss has $10, while TPFx requires at least $60. This makes BDSwiss more accessible for traders with limited starting capital.
BDSwiss holds top-tier regulation (CySEC, FSA Seychelles, FSC), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
BDSwiss stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
BDSwiss lists maximum leverage of 30:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
BDSwiss charges $6 per lot on commission-based accounts. Commission details for TPFx are not currently available. Check their website for up-to-date pricing.
BDSwiss supports Proprietary Web/Mobile, MetaTrader 4, MetaTrader 5, while TPFx supports Proprietary Web/Mobile, MetaTrader 5. Both provide Proprietary Web/Mobile and MetaTrader 5. BDSwiss has exclusive access to MetaTrader 4.
BDSwiss offers tighter spreads from 0.00 pips vs 1.50 pips for TPFx, reducing trading costs.
BDSwiss wins for safety and regulation due to CySEC with ICF compensation.
BDSwiss offers Prime ECN with 0.0 pip spreads at $6/lot for active traders.
BDSwiss is better suited for scalpers: tighter spreads from 0.00 pips.
BDSwiss provides MT4, MT5, and a proprietary Web/Mobile platform.
Fees & Spreads 30% weight | 3.9 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 3.8 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 4.0 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2012 | 2010 |
|---|
| Headquarters | Limassol, Cyprus | Jakarta, Indonesia |
|---|
| Min Deposit | $10▼ lower | $60 |
|---|
| Spreads From | 0 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $6/lot | N/A |
|---|
| 0.6 pips | N/A |
| Max Leverage | 30:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | CySEC FSA Seychelles FSC | BAPPEBTI OJK |
|---|
| Platforms | Proprietary Web/Mobile MetaTrader 4 MetaTrader 5 | Proprietary Web/Mobile MetaTrader 5 |
|---|
| Active bonuses |
|---|
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Classic account spreads (1.5-2.0 pips EUR/USD) wide for active traders
$1,000 minimum on the Prime ECN account
No cTrader or TradingView integration
Research tools are basic
Cons
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
The clearest differentiator is BDSwiss's CySEC regulation with ICF compensation for EU clients, a feature TPFx does not offer. This distinction anchors trust for EU traders while TPFx relies on Indonesian regulators without an investor compensation scheme.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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