CommSec vs Switch Markets

CommSec vs Switch Markets Comparison Table 2022
CommSec Switch Markets
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
CommSec is a top Australian retail broker offering a suite of trading tools & products. Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Awards
Innovation Excellence 2020 - Canstar
Bonus
None 100% Deposit Bonus
Instruments
Shares, Options, ETFs, Warrants, Fixed Income Securities Stocks, CFD, Forex, Crypto
Demo Account
No Yes
Minimum Deposit
$500 $50
Payment Methods
Credit Card, PayID, Wire Transfer Debit Card, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, UnionPay, Wire Transfer
Minimum Trade
0.01 lots $1
Regulator
ASIC ASIC
Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
- Yes - Equinix
Trade Signals
- MT4
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No Yes
Copy Trading
No Yes
Islamic Account
No Yes
Account Currencies
USD, EUR, GBP, AUD USD, EUR, GBP, CAD, AUD, NZD, CHF, SGD
CFD
CFD trading not offered Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:500
FTSE Spread
1.2
GBPUSD Spread
0.5
Oil Spread
2.0
Stocks Spread
Variable
Forex
Forex trading not offered Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
GBPUSD Spread
0.5
EURUSD Spread
0.1
EURGBP Spread
0.6
Assets
60+
Cryptocurrency
Crypto trading not offered Switch Markets offers four cryptocurrencies with competitive fees.
Spread
Variable
Coins
BTC, ETH, LTC, XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- -
Auto Market Maker
No No
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