MultiBank FX vs Switch Markets

MultiBank FX vs Switch Markets Comparison Table 2022
MultiBank FX Switch Markets
WINNER
MultiBank FX is the better broker
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading. Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Awards
  • Best FX Service Provider 2020 - International Business Magazine
  • Best FX Customer Service 2020 - Forex Awards
  • Best Apac Region Broker 2020 - International Financial Awards
  • Best Forex & CFD Broker 2019 - Jordan Forex & Expo Awards
  • Financial Services Provider of the Year Asia 2019 - Global Brands Magazine
  • Best Forex Trading Platform Hong Kong 2018 - International Finance Magazine
Bonus
20% deposit bonus 100% Deposit Bonus
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$50 $50
Payment Methods
Minimum Trade
0.1 lots $1
Regulator
ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA ASIC
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No 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 (APIs) Yes - Equinix
Copy Trading
Yes Yes
Copy Trading Platform
Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal.
Social Trading
Yes Yes
Trade Signals
Yes MT4
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade contracts for difference across markets with up to 1:500 leverage. Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:500 1:500
FTSE Spread
Not offered 1.2
GBPUSD Spread<
0.8 0.5
Oil Spread
0.03 2.0
Stocks Spread
Variable Variable
Forex Trading
MultiBank FX offers investing in leading major, minor and exotic currency pairs. Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
GBPUSD Spread
0.8 0.5
EURUSD Spread
0.3 0.1
EURGBP Spread
0.8 0.6
Assets
45+ 60+
Cryptocurrency
Trade a selection of the top cryptos against the US Dollar with 50% margin. Switch Markets offers four cryptocurrencies with competitive fees.
Spread
Floating Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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