Switch Markets vs Capital.com

Switch Markets vs Capital.com Comparison Table 2024
Switch Markets Capital.com
3.3
1.8

Switch Markets is a multi-asset CFD brokerage, regulated by ASIC and SVGFSA. The new brand offers trading on the MT4 platform and leverage up to 1:500. The broker boasts over 180 instruments, with some additional tools including copy trading services and free VPS hosting.

Capital.com offer CFDs on a range of markets with competitive spreads and zero commissions. The broker also offers the Investmate app, negative balance protection and leveraged trading.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. % of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Bonus Offer
100% Deposit Bonus
Comment by Reviewer
"Based on my tests, I think Switch Markets could be a good option for both new and experienced day traders, with accessible accounts, zero commissions and spreads from 0 pips. My main complaint is that the selection of 180+ products may be a little light for some traders."
Pros
  • Switch Markets offers access to a decent range trading tools including a market sentiment heatmap, an economic calendar and a VPS. I particularly appreciate the diverse range of forex calculators
  • I found 14 accessible deposit options and 5 base currencies. The impressive average processing times of 1 minute and 2 seconds should also appeal to active traders
  • I am impressed by the complimentary access to the HowToTrade education resources, community chatroom and market analysis for just a $100 deposit
  • Traders can access copy trading solutions via the MetaTrader Trading Signals tools and duplicate positions of experienced traders in real-time
  • I think the $50 minimum initial deposit for both account types is very competitive compared to some other brands
Cons
  • I'm a little concerned that the global entity is regulated offshore by the SVGFSA, a low-tier watchdog with very limited financial protection for clients
  • Spreads are not the most competitive for Standard account holders in my opinion, averaging 1.5 pips on EUR/USD
Awards
  • Top 5 Trading Platforms Globally 2021 - BrokerChooser
  • Best Mobile Platform / App - Investment Trends
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities CFDs, forex, indices, shares, commodities, spread betting (only available in the UK), cryptos (not available in the UK)
Demo Account
Yes Yes
Minimum Deposit
$50 $20 (By credit card - varies by payment method)
Trading Platforms
  • MT4
  • MT4
  • TradingView
Payment Methods
Minimum Trade
$1 $1
Regulator
ASIC FCA, CySEC, ASIC, FSA
Margin Trading
Yes Yes
Margin Rate
1.5%
STP Account
No No
ECN Account
No 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 Yes
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android + InvestMate
Auto Trading
Yes - Equinix Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal.
Social Trading
Yes No
Trade Signals
MT4
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • SGD
  • USD
  • EUR
  • GBP
  • PLN
Stock Exchanges
Commodities
CFD Trading
Switch Markets offers 180+ CFD instruments with 1:500 leverage and fast order execution speeds of <76 ms. I find commissions are also fairly competitive, coming in at $7 per round turn for Pro account holders. Trade CFDs on an array of assets with ultra-low spreads
Leverage
1:500 1:30
FTSE Spread
1.2 0.9 pt var
GBPUSD Spread
0.5 0.00013 pips var
Oil Spread
2.0 0.03 pips var
Stocks Spread
Variable Var
Forex Trading
I think the range of 60+ major, minor and exotic currency pairs is fairly competitive, especially with spreads from 0 pips in the Pro account. Experienced traders can also access high leverage up to 1:500 in the popular MT4 platform. Capital.com offer a long list of forex CFD pairs for trading. All have competitive spreads. The firm also ensures negative balance protection
Forex App

Capital.com offers the highly rated Investmate app. As well as leveraged forex trading with competitive spreads and fees, the application offers a comprehensive educational package for beginners. The FX investing app is free to download from the respective app store with a live Capital.com account.

GBPUSD Spread
0.5 0.00013 pips (var)
EURUSD Spread
0.1 0.00007 pips (var)
EURGBP Spread
0.6 0.00015 pips (var)
Assets
60+ 130+
Cryptocurrency
There's only 6 crypto CFDs available at Switch Markets, though I was pleased to see leverage of 1:3 available. I like that you can also benefit from BTC, ETH, XRP, USDT and USDTRC20 deposit options. Capital.com have some of the tightest spreads available on cryptos. They also offer crypto-only pairs, so that investors can trade cryptos versus each other, not purely the $ or € price. (Crypto not available to UK retail clients).
Spread
Variable 66 pips (BTC to USD)
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • XLM
  • ETH
  • XRP
  • NEO
  • TRX
  • BTG
  • LTC
  • QTUM
  • XEM
  • ADA
  • BTS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. % of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
More Comparisons
Switch Markets
vs
Capital.com
vs