Switch Markets vs IC Markets

Switch Markets vs IC Markets Comparison Table 2023
Switch Markets Review 2023	IC Markets Review 2023
Review Not Yet Rated	Review 4.8
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.	IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand.
Bonus Offer
100% Deposit Bonus
Comment by Reviewer
	"IC Markets offers a top-class environment for traders of all experience levels and strategies. Industry-leading platforms, superior pricing and flexible accounts will meet the needs of both beginners and active day traders."
Pros
	Low fees with spreads from 0.0 pips and zero commissions Premium educational resources and trading tools including podcasts, forex calculators and tick charts Beginner-friendly social trading features including IC Social, Myfxbook and Zulutrade 15+ payment methods in 10 base currencies including PayPal and Skrill Responsive 24/7 customer support plus an extensive help centre Reliable MT4 and cTrader platforms and mobile apps Fast order execution speed of under 40ms High leverage up to 1:500
Cons
	No bonus deals for new traders Traders from the US not accepted Two-factor authentication not available for extra account security
Awards
	Best MT4/MT5 Broker 2023 - DayTrading.com Best Forex Broker 2022 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Trading App 2020 - DayTrading.com
Instruments
Stocks, CFD, Forex, Crypto	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$50	$200
Trading Platforms
MT4	MT4 MT5 cTrader DupliTrade
Payment Methods
Debit Card FasaPay GlobePay Mastercard Neteller Perfect Money Skrill UnionPay Wire Transfer	BPAY Credit Card FasaPay Giropay Mastercard Neteller PayPal POLi QIWI Rapid Transfer Skrill TransferWise UnionPay Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
ASIC	ASIC, CySEC, FSA
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	Yes
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS, Android & Windows
Auto Trading
Yes - Equinix	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 4 terminal.	The IC Social app is easy-to-use and allows traders to learn, share and mirror positions in a few clicks. The app also hosts risk management tools and facilitates direct messaging and dedicated trading groups. Alternatively, IC Markets provides access to popular third-party copy trading tools - ZuluTrade and Myfxbook.
Social Trading
Yes	No
Trade Signals
MT4	Yes (Via Robot Feature)
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 JPY CHF
Stock Exchanges
Australian Securities Exchange
Commodities
Gold Natural Gas Oil Silver	Gold Oil Orange Juice Precious Metals Silver
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities.	Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage.
Leverage
1:500	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FTSE Spread
1.2	1
GBPUSD Spread
0.5	0.5
Oil Spread
2.0	0.03
Stocks Spread
Variable	0.02
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics.	Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees.
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.
GBPUSD Spread
0.5	0.5
EURUSD Spread
0.1	0.1
EURGBP Spread
0.6	0.5
Assets
60+	55+
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees.	IC Markets offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet.
Spread
Variable	BTC 0.4%, ETH 1%
Coins
BTC ETH LTC XRP	BTC BCH ETH LTC DASH XRP EOS EMC NMC PPC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
More Comparisons
Switch Markets vs	IC Markets vs