FXTM vs Switch Markets

FXTM vs Switch Markets Comparison Table 2022
FXTM Switch Markets
4.6
United States Flag Traders from US not accepted
Not Yet Rated
United States Flag Traders from US not accepted
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader. Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Awards
Best ECN Broker 2020 - DayTrading.com
Bonus
30% Up to $100 via Exinity Ltd 100% Deposit Bonus
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
From $50 $50
Payment Methods
Bitcoin Payments, Credit Card, Google Pay, JCB Card, M-Pesa, Neteller, Perfect Money, QIWI, Skrill, UnionPay, Visa, Webmoney, WeChat Pay, Western Union, WorldPay, Yandex Money Debit Card, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, UnionPay, Wire Transfer
Minimum Trade
0.01 lots $1
Regulator
CySec, ESMA, FCA and FSC of the Republic of Mauritius ASIC
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
STP Account
Yes No
ECN Account
Yes No
DMA Account
Yes 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
No Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android and Windows iOS & Android
Auto Trading
Yes, via FXTM Invest or EAs Yes - Equinix
Trade Signals
Yes MT4
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
Yes Yes
Copy Trading
Yes Yes
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, CZK USD, EUR, GBP, CAD, AUD, NZD, CHF, SGD
CFD
Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:30 EU, 1:200 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
FXTM offer forex trading on a huge range of currency pairs. Spreads can be as low as 0.1 with the ECN account types. Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
GBPUSD Spread
0.3 (var) 0.5
EURUSD Spread
0.1 (var) 0.1
EURGBP Spread
0.2 (var) 0.6
Assets
50+ 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
No -
Auto Market Maker
No No
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