Switch Markets vs CMC Markets

Switch Markets vs CMC Markets Comparison Table 2022
Switch Markets CMC Markets
Not Yet Rated
United States Flag Traders from US not accepted
4.7
United States Flag Traders from US not accepted
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies. CMC Markets is headquartered in London and listed on the LSE (FCA Regulated). It offers competitive spreads on a global range of assets via its Next Generation platform.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% (April-June 2022) of retail investor accounts lose money when spread betting and/or trading 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.
Awards
No.1 Platform Technology 2022
No.1 New Tool 2022
No.1 Most Currency Pairs 2022
Best Trade Execution 2021
Best Forex Broker For Beginners 2021
Most Transparent Forex Broker Europe 2020
Best Trading Platform 2020
Best Trading App 2019
Best Customer Service 2018
Bonus
100% Deposit Bonus
Instruments
Stocks, CFD, Forex, Crypto Indices and ETFs > CFDs, Spread Betting, Indices, Forex, Commodities, Stocks, ETFs, Treasuries, Custom Indices
Demo Account
Yes Yes
Minimum Deposit
$50 £0
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
ASIC FCA, MAS, ASIC, IIROC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No 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
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 No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS and Android
Auto Trading
Yes - Equinix Yes (via MT4)
Copy Trading
Yes No
Copy Trading Platform
Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal.
Social Trading
Yes Yes
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 Yes
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • SGD
  • USD
  • EUR
  • GBP
  • AUD
  • SEK
  • PLN
Stock Exchanges
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:500 1:30
FTSE Spread
1.2 1 pt
GBPUSD Spread<
0.5 0.9
Oil Spread
2.0 3.0
Stocks Spread
Variable .10% Var
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
Forex App

CMC Markets deliver an award winning app (Shares magazine 2019), compatible with most major mobile and tablet operating systems. Trade more than 9300 assets via the app on their Next Generation platform. Includes advanced charting with 12 chart types and 40 technical indicators.

GBPUSD Spread
0.5 0.9
EURUSD Spread
0.1 0.7
EURGBP Spread
0.6 1.1
Assets
60+ 300+
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
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. 76% (April-June 2022) of retail investor accounts lose money when spread betting and/or trading 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.
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