Switch Markets vs Global Prime

Switch Markets vs Global Prime Comparison Table 2022
Switch Markets Global Prime
WINNER
Global Prime is the better broker
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. Global Prime is a multi-regulated trading broker offering 100+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100.
Bonus
100% Deposit Bonus
Instruments
Stocks, CFD, Forex, Crypto Forex, indices, commodities, cryptocurrencies, shares, bonds
Demo Account
Yes Yes
Minimum Deposit
$50 AUD $200
Payment Methods
Minimum Trade
$1 0.01 lots
Regulator
ASIC ASIC, VFSC, FSA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No Yes
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 No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes - Equinix Yes
Copy Trading
Yes Yes
Copy Trading Platform
Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal. Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service.
Social Trading
Yes Yes
Trade Signals
MT4
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 No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities. Buy and sell across the financial markets with leveraged CFD products.
Leverage
1:500 1:200
FTSE Spread
1.2 0.84
GBPUSD Spread<
0.5 0.64
Oil Spread
2.0 1.6
Stocks Spread
Variable Variable
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics. Global Prime offers online trading on a long list of major, minor and exotics currencies.
GBPUSD Spread
0.5 0.75
EURUSD Spread
0.1 0.16
EURGBP Spread
0.6 0.85
Assets
60+ 48
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees. Trade five top crypto coins against the USD.
Spread
Variable Floating
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • BCH
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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