Switch Markets vs Videforex

Switch Markets vs Videforex Comparison Table 2023
Switch Markets Videforex
WINNER
Videforex is the better broker
Not Yet Rated
United States Flag Traders from US not accepted
3.5
United States Flag Traders from US accepted
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies. Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 98% per trade.
Pros
  • Demo account
  • Copy trading
  • Full range of investments
Cons
  • No MT4 integration
  • Weak regulatory oversight
Bonus
100% Deposit Bonus 100% Deposit Bonus Up To $3000
Instruments
Stocks, CFD, Forex, Crypto Binary Options, CFDs, Forex, Commodities, Indices, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$50 $250
Payment Methods
Minimum Trade
$1 $1
Regulator
ASIC
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
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 No
AI / Machine Learning
No 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 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. Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders.
Social Trading
Yes Yes
Trade Signals
MT4 Yes
VPS Hosting
Yes No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • SGD
  • USD
  • EUR
  • GBP
  • RUB
Stock Exchanges
Commodities
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities. A suite of CFDs are available across popular markets with high leverage.
Leverage
1:500 1:500
FTSE Spread
1.2 Floating from 0.2
GBPUSD Spread<
0.5 Floating from 0.1
Oil Spread
2.0 Floating from 0.05
Stocks Spread
Variable NA
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics. Videforex offers leveraged trading on major, minor and exotic currency pairs.
GBPUSD Spread
0.5 Floating from 0.1 pips
EURUSD Spread
0.1 Floating from 0.1 pips
EURGBP Spread
0.6 Floating from 0.1 pips
Assets
60+ 35
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees. Start trading on cryptos against fiat currencies and other alt coins.
Spread
Variable Floating
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • QUANT
  • UNI
  • SOL
  • BNB
  • DOGE
  • XRP
  • XMR
  • MATIC
  • USDT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered Videforex offers beginner-friendly binary options on forex, cryptos, and commodities. New joiners can also claim a $3000 welcome bonus.
Payout
98%
Expiry Times
5 seconds - 1 month
Ladder Options
No No
Boundary Options
No No
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