Switch Markets vs IC Markets
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Your capital is at risk. Trade only with funds you can afford to lose.
| Switch Markets | IC Markets |
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4.2
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4.8
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 Traders from US not accepted
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Traders from US not accepted
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Switch Markets is a multi-asset CFD brokerage. The brand offers trading on the MT4 and MT5 platforms, thousands of instruments, with additional tools including copy trading services and premium VPS hosting. |
IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries. |
| Customer Reviews | |
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4.3
Based on 3 IC Markets customer reviews
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| Bonus Offer | |
| 100% Deposit Bonus Up To $5,000 (Withdrawal Terms Apply) | |
| Comment by Reviewer | |
| "Switch Markets is a good option for active traders familiar with MetaTrader and looking for resources to inform trading decisions and strategies with coaching, market analysis, and a huge suite of 20+ trading calculators and tools. Its algo trading infrastructure is also excellent, including a free premium VPS." | "IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, Commodities, Indices, ETFs, Shares, Crypto | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $50 | $200 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| VFSC | ASIC, CySEC, FSA, SCB, CMA-Kenya |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| Yes | Yes |
| PAMM Account | |
| Yes | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | 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 |
| App Review | |
| IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they've managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It's a seamless trading experience that feels both professional and highly responsive. | |
| Android App Rating | |
4.6 |
4.2 |
| iOS App Rating | |
4.8 |
3.1 |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Switch Markets offers copy trading services with low fees via the MetaTrader terminal. | Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| MT4 | Signal Start |
| 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 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Switch Markets offers thousands of CFD instruments with fast order execution speeds of around 76 ms. Commissions are around average, coming in at $7 per round turn for Pro account holders. What's unique is the support in the form of over 20 trading calculators, a free journal, and coaching. | You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike. |
| Leverage | |
| 1:30 (EU), 1:1000 (Global) | 1:1000 |
| FTSE Spread | |
| 1.2 | 1.0 |
| GBPUSD Spread | |
| 0.5 | 0.23 |
| Oil Spread | |
| 2.0 | 0.03 |
| Stocks Spread | |
| Variable | 0.02 |
| Forex Trading | |
| 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 VPS hosting and Expert Advisors to run algo trading strategies with minimal downtime. | IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. |
| Forex App | |
IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps. |
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| GBPUSD Spread | |
| 0.5 | 0.23 |
| EURUSD Spread | |
| 0.1 | 0.02 |
| EURGBP Spread | |
| 0.6 | 0.27 |
| Assets | |
| 60+ | 75 |
| Cryptocurrency | |
| There's over 60 crypto CFDs available at Switch Markets (up from around 6 originally). Alongside the expanded suite or major and alt coins, users can deposit and withdraw in BTC, ETH, XRP, USDT and USDTRC20, making it attractive to crypto-focused traders. | IC Markets offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access leverage in the MetaTrader platforms. |
| Spread | |
| Variable | BTC 42.036 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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