Saxo Bank vs Switch Markets

Saxo Bank vs Switch Markets Comparison Table 2022
Saxo Bank Switch Markets
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Bonus
None 100% Deposit Bonus
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10000 $50
Payment Methods
Credit Card, JCB Card, Mastercard, Visa, Wire Transfer Debit Card, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, UnionPay, Wire Transfer
Minimum Trade
Vary by asset $1
Regulator
DFSA, MAS, FCA, SFC ASIC
Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
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
Yes Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS & Android
Auto Trading
- Yes - Equinix
Trade Signals
Yes 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
Yes Yes
Account Currencies
USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF USD, EUR, GBP, CAD, AUD, NZD, CHF, SGD
CFD
Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:30 1:500
FTSE Spread
1.2 pts (Variable) 1.2
GBPUSD Spread
0.7 (var) 0.5
Oil Spread
0.03 2.0
Stocks Spread
0.10% (subject to min commission) Variable
Forex
Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
GBPUSD Spread
0.7 (varies by region) 0.5
EURUSD Spread
0.2 (varies by region) 0.1
EURGBP Spread
0.6 (varies by region) 0.6
Assets
40+ 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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