Switch Markets vs Mega Trader FX

Switch Markets vs Mega Trader FX Comparison Table 2022
Switch Markets Mega Trader FX
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. Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.
Bonus
100% Deposit Bonus 20% deposit bonus up to $2,000
Instruments
Stocks, CFD, Forex, Crypto Forex, CFDs, indices, precious metals, energies
Demo Account
Yes Yes
Minimum Deposit
$50 $0
Payment Methods
Debit Card, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, UnionPay, Wire Transfer Neteller, Skrill, Visa
Minimum Trade
$1 0.01 lots
Regulator
ASIC CySEC
Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No -
AI / Machine Learning
No -
Robo Advisor
No -
Negative Balance Protection
Yes -
Market Maker
Yes -
P2P Trading
No -
Spot Trading
Yes No
Mobile Apps
iOS & Android Yes
Auto Trading
Yes - Equinix Yes (EAs)
Trade Signals
MT4 -
VPS Hosting
Yes -
Tournaments
No -
Demo Competitions
No -
Ethical Investing
No -
Social Trading
Yes No
Copy Trading
Yes No
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, CAD, AUD, NZD, CHF, SGD -
CFD
Switch Markets offers CFDs on stocks, indices and commodities. CFD products are available on multiple financial markets.
Leverage
1:500 1:500
FTSE Spread
1.2 Variable
GBPUSD Spread
0.5 2.6
Oil Spread
2.0 Variable
Stocks Spread
Variable N/A
Forex
Switch Markets offer 60+ currency pairs, including majors, minors and exotics. Online trading is available on major, minor and exotic FX pairs.
GBPUSD Spread
0.5 2.6
EURUSD Spread
0.1 1.9
EURGBP Spread
0.6 2.5
Assets
60+ 54
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees. Crypto trading not offered
Spread
Variable
Coins
BTC, ETH, LTC, XRP
Crypto Lending
No -
Crypto Mining
No -
Crypto Staking
- -
Auto Market Maker
No -
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