Switch Markets vs Interactive Brokers

Switch Markets vs Interactive Brokers Comparison Table 2022
Switch Markets Interactive Brokers
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies. IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Bonus
100% Deposit Bonus None
Instruments
Stocks, CFD, Forex, Crypto Stocks, Futures, E-minis, Options, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$50 $10000
Payment Methods
Debit Card, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, UnionPay, Wire Transfer ACH Transfer, Apple Pay, Cheque, Credit Card, Google Pay, JCB Card, Mastercard, Samsung Pay
Minimum Trade
$1 $100
Regulator
ASIC SEC, FCA, IIROC, SFC
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
- Yes
OmniTrader
No Yes
TradingView
- No
Autochartist
- No
eSignal
- Yes
Trading Central
- Yes
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
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 No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
Yes - Equinix -
Trade Signals
MT4 -
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
Yes No
Copy Trading
Yes No
Islamic Account
Yes No
Account Currencies
USD, EUR, GBP, CAD, AUD, NZD, CHF, SGD USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF
Stock Exchanges
Australian Securities Exchange Chicago Mercantile Exchange, Euronext, Korean Stock Exchange, London Metal Exchange, London Stock Exchange, New York Stock Exchange, Shenzhen Stock Exchange, Toronto Stock Exchange
CFD
Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:500 1:50
FTSE Spread
1.2 0.005% (£1 Min)
GBPUSD Spread
0.5 Commission (.20 pts x trade value)
Oil Spread
2.0 N/A
Stocks Spread
Variable From 0.003 per share, variable
Forex
Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
GBPUSD Spread
0.5 Commission (.20 pts x trade value)
EURUSD Spread
0.1 Commission (.20 pts x trade value)
EURGBP Spread
0.6 Commission (.20 pts x trade value)
Assets
60+ 70+
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees.
Spread
Variable
Coins
BTC, ETH, LTC, XRP BTC, LTC, ETH, XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- No
Auto Market Maker
No No
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