FXTM vs Switch Markets

FXTM vs Switch Markets Comparison Table 2023
FXTM	Switch Markets
Review 4	Review Not Yet Rated
Traders from US not accepted	Traders from US not accepted
FXTM is a top-rated forex and CFD broker. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ markets and three account types, they cater to all levels of trader.	Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Bonus Offer
30% up to $100 via Exinity Ltd	100% Deposit Bonus
Comment by Reviewer
"FXTM is a good pick for forex traders seeking low fees, excellent market research and access to the familiar MetaTrader 4 platform."
Pros
Free educational materials and market insights Customer support in 30+ languages Negative balance protection Regulated by FCA & CySEC Multiple industry awards 1000+ financial assets Transparent pricing Beginner-friendly Copy trading Forex VPS
Cons
No ETFs or bonds Selection of stocks is not extensive Mediocre spreads on commission-free accounts Limited e-wallet payment options Withdrawal fees
Awards
Best Trading Experience 2021 - World Finance Awards Best Online Leveraged Trading Services 2021 - Global Business Awards Best Forex Education Partner Nigeria 2021 - World Business Outlook Best Trading Experience 2020 - World Finance Awards Best ECN Broker 2020 - DayTrading.com
Instruments
Forex, CFDs, Indices, Commodities, Stocks	Stocks, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$50	$50
Payment Methods
Bitcoin Payments Credit Card FasaPay GlobePay Google Wallet JCB Card M-Pesa Maestro Neteller PayRedeem Perfect Money QIWI Skrill UnionPay Visa WebMoney WeChat Pay Western Union WorldPay Yandex Money	Debit Card FasaPay GlobePay Mastercard Neteller Perfect Money Skrill UnionPay Wire Transfer
Minimum Trade
0.01 lots	$1
Regulator
CySEC, FCA, FSCA, FSC	ASIC
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
Yes	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
Yes	No
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	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS & Android
Auto Trading
Yes, via FXTM Invest or EAs	Yes - Equinix
Copy Trading
Yes	Yes
Copy Trading Platform
FXTM Invest is a popular copy trading app connecting clients to established investors with successful portfolios. Learn from traders with proven strategies in forex, stocks and more.	Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal.
Social Trading
Yes	Yes
Trade Signals
Yes	MT4
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP PLN CZK NGN	USD EUR GBP CAD AUD NZD CHF SGD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq National Stock Exchange Of India S&P 500	Australian Securities Exchange
Commodities
Gold Natural Gas Oil Precious Metals Silver	Gold Natural Gas Oil Silver
CFD Trading
FXTM's CFD list includes forex, stocks, commodities and indices. The global entity also offers crypto CFDs. Leverage depends on jurisdiction, with rates up to 1:30 from its CySEC-regulated branch and a massive 1:2000 from its global entities.	Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:30 EU, 1:2000 Global	1:500
FTSE Spread
1.3 pts	1.2
GBPUSD Spread
0.3 (var)	0.5
Oil Spread
9 pts (var)	2.0
Stocks Spread
0.1% Var	Variable
Forex Trading
FXTM offers 60+ forex pairs plus 6 indices which track a basket of popular currencies. The brand's ECN accounts offers impressive spreads from 0 with low commissions from $0.40 to $2 per lot and commission-free spreads start from 1.5 pips.	Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
Forex App
FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.
GBPUSD Spread
0.3 (var)	0.5
EURUSD Spread
0.1 (var)	0.1
EURGBP Spread
0.2 (var)	0.6
Assets
50+	60+
Currency Indices
USD EUR GBP JPY AUD NZD
Cryptocurrency
Crypto trading not offered	Switch Markets offers four cryptocurrencies with competitive fees.
Spread
Variable	Variable
Coins
BTC ETH LTC XRP	BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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