This comparison pits two regulated forex brokers on cost, regulation, and platforms. The tension centers on platform access and instrument breadth.
Find out which broker best suits your trader profile.
Choose if…
Choose BDSwiss if you want MT4/MT5 access, a $10 minimum deposit, and access to raw spreads on Prime ECN. This is complemented by a second platform option and transparent pricing, though instrument count sits at 250 compared with Trade Nation.
Choose if…
Choose Trade Nation if you prioritise no minimum deposit and fixed spreads from 0.6 pips, with no commission. You also benefit from strong FCA and ASIC regulation, 1000 instruments, and a proprietary platform, while MT4/MT5 are not offered.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 3.9/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.2 / 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 | Trade Nation |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: BDSwiss rates 3.9/5 and Trade Nation rates 4.1/5. Trade Nation 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 Trade Nation's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Trade Nation has no minimum deposit, while BDSwiss requires at least $10. This makes Trade Nation more accessible for traders with limited starting capital.
Both BDSwiss and Trade Nation hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Trade Nation has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
BDSwiss lists maximum leverage of 30:1, while Trade Nation lists up to 500:1. 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 Trade Nation are not currently available. Check their website for up-to-date pricing.
BDSwiss supports Proprietary Web/Mobile, MetaTrader 4, MetaTrader 5, while Trade Nation supports Proprietary Web/Mobile, MetaTrader 4. Both provide Proprietary Web/Mobile and MetaTrader 4. BDSwiss has exclusive access to MetaTrader 5.
BDSwiss offers tighter spreads from 0.00 pips vs 0.60 pips for Trade Nation, reducing trading costs.
Trade Nation wins for safety and regulation, with FCA and ASIC oversight.
Trade Nation wins for active traders because it offers 1000 instruments.
BDSwiss is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
BDSwiss wins for platform choice with MT4/MT5 alongside a proprietary option.
Trade Nation is best for beginners due to no minimum deposit.
Trade Nation leads instrument variety with 1000 options.
Fees & Spreads 30% weight | 3.9 / 5 | 4.2 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.8 / 5 | 3.9 / 5▲ |
|---|
Customer Support 10% weight | 4.0 / 5▲ | 3.9 / 5 |
|---|
| Founded | 2012 | 2014 |
|---|
| Headquarters | Limassol, Cyprus | London, United Kingdom |
|---|
| Min Deposit | $10 | No minimum▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | $6/lot | N/A |
|---|
| 0.6 pips | N/A |
| Max Leverage | 30:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | CySEC FSA Seychelles FSC | ASIC FCA |
|---|
| Platforms | Proprietary Web/Mobile MetaTrader 4 MetaTrader 5 | Proprietary Web/Mobile MetaTrader 4 |
|---|
| 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
Fixed spreads from 0.6 pips with no commission
No minimum deposit and no inactivity fee
Strong FCA and ASIC multi-region regulation
Simple, transparent cost structure ideal for cost-conscious traders
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
24/5 live chat support
Phone support available
Multilingual customer support
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
Limited asset classes, no stocks or ETF CFDs
Proprietary platform is basic compared to MT4/MT5
Fixed spreads widen significantly during major news events
No raw spread account option
No MetaTrader support
BDSwiss and Trade Nation are closely matched overall, with MT4/MT5 availability serving as the clearest differentiator.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
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