Switch Markets vs FXChoice

Switch Markets vs FXChoice Comparison Table 2023
Switch Markets FXChoice
Not Yet Rated
4.3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.

FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads and online CFD trading.

Awards
  • Exceptional Customer Service 2019 - 2021 - LiveHelpNow
Bonus
100% Deposit Bonus 50% or 65% Welcome Deposit Bonus
Instruments
Stocks, CFD, Forex, Crypto CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares
Demo Account
Yes Yes
Minimum Deposit
$50 $100
Payment Methods
Minimum Trade
$1 0.01 lots
Regulator
ASIC FSC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
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 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 Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes - Equinix Yes (EAs)
Copy Trading
Yes Yes
Copy Trading Platform
Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal. FXChoice has partnered with ZuluTrade to offer copy trading solutions to all account holders.
Social Trading
Yes Yes
Trade Signals
MT4 Yes - MQL5
VPS Hosting
Yes 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
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Stock Exchanges
Commodities
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities. FXChoice offers leveraged CFD products on a breadth of financial markets.
Leverage
1:500 1:200
FTSE Spread
1.2 From $18.53
GBPUSD Spread<
0.5 From $8
Oil Spread
2.0 From $40
Stocks Spread
Variable Variable
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics. Trade 36 forex pairs, including the US Dollar and Euro.
Forex App

MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.

GBPUSD Spread
0.5 From $8
EURUSD Spread
0.1 From $5
EURGBP Spread
0.6 From $6.95
Assets
60+ 36
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees. FXChoice offers trading on leading crypto cross pairs with the US Dollar.
Spread
Variable 0.11 - 3.0 pips
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No Yes
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