Switch Markets vs Eightcap

Switch Markets vs Eightcap Comparison Table 2023
Switch Markets Review 2023	Eightcap Review 2023
Review Not Yet Rated	Review 4.6
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.	Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.
Bonus Offer
100% Deposit Bonus
Comment by Reviewer
	"Eightcap is good for traders familiar with MT4 and MT5 looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."
Pros
	Sophisticated platforms including MetaTrader 4 and TradingView Raw spreads from 0.0 pips and a competitive $3.5 per lot commission Flexible and fee-free payment methods including cryptocurrencies 100+ crypto derivatives, more than most brokers, including crypto crosses and indices Strong trading education and analysis including forex guides and online webinars Cryptocrusher market scanner with sentiment indicators, news and trading signals AI-powered economic calendar with top-level insights, in partnership with Acuity Good for day trading with ECN pricing, a forex VPS and automated trading software
Cons
	Cryptocrusher platform not available for Australian clients Demo account can only be extended upon request Only four commodities available
Awards
	Best Forex Broker 2023 - DayTrading.com Best Cryptocurrency Broker 2023 - DayTrading.com Best MT4/MT5 Broker 2022 - DayTrading.com Best Global Forex MT4 Broker 2020 - Global Forex Awards
Instruments
Stocks, CFD, Forex, Crypto	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$50	$100
Trading Platforms
MT4	MT4 MT5 TradingView
Payment Methods
Debit Card FasaPay GlobePay Mastercard Neteller Perfect Money Skrill UnionPay Wire Transfer	Bitcoin Payments BPAY Credit Card Debit Card FasaPay Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer WorldPay
Minimum Trade
$1	0.01 Lots
Regulator
ASIC	FCA, ASIC, CySEC, SCB
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
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	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes - Equinix	Capitalise.ai platform plus Expert Advisors (EAs) on MetaTrader software
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	Cryptocrusher - signals for cryptocurrencies
VPS Hosting
Yes	Yes
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	Yes
Account Currencies
USD EUR GBP CAD AUD NZD CHF SGD	USD EUR GBP CAD AUD NZD SGD
Stock Exchanges
Australian Securities Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange
Commodities
Gold Natural Gas Oil Silver	Gold Oil Silver
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities.	Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Eightcap also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView.
Leverage
1:500	1:30 (EU), 1:500 (Global)
FTSE Spread
1.2	1.2
GBPUSD Spread
0.5	1.0
Oil Spread
2.0	0.03
Stocks Spread
Variable	$0.02 per share, per side ($4 per lot round turn)
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics.	Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. The VPS will also serve high-volume, active day traders.
GBPUSD Spread
0.5	1.0
EURUSD Spread
0.1	1.0
EURGBP Spread
0.6	1.0
Assets
60+	50+
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees.	Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid.
Spread
Variable	From $0
Coins
BTC ETH LTC XRP	BTC ETH XRP ADA DOGE BNB LTC TRX BCH XRP EOS DOT LINK MATIC SHIB BSV VET AXS NEO SOL XLM UNI DASH AAVE KSM THETA CAKE SUSHI ATOM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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