Switch Markets vs XM

Switch Markets vs XM Comparison Table 2022
Switch Markets XM
Not Yet Rated
United States Flag Traders from US not accepted
4.4
United States Flag Traders from US not accepted
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies. XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Awards
Best MT4/MT5 Broker 2021 - DayTrading.com
Global Forex Broker of the Year 2020 - Global Forex Awards
Best FX Broke Europe 2018 - World Finance
Best Forex Execution Broker 2017 - Share
Bonus
100% Deposit Bonus Free VPN Services
Instruments
Stocks, CFD, Forex, Crypto Forex CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs
Demo Account
Yes Yes
Minimum Deposit
$50 5 $/€/£
Payment Methods
Debit Card, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, UnionPay, Wire Transfer Cashu, Credit Card, Debit Card, Diners Club, M-Pesa, Perfect Money, QIWI, Sofort, Sticpay, UnionPay, WorldPay, Yandex Money
Minimum Trade
$1 0.01 Micro lots
Regulator
ASIC IFSC, DFSA, CySEC, ASIC
Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
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 No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
Yes - Equinix Yes (EAs)
Trade Signals
MT4 Yes
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 Yes
Account Currencies
USD, EUR, GBP, CAD, AUD, NZD, CHF, SGD USD, EUR, GBP, CAD, AUD, JPY, ZAR, CHF, PLN
CFD
Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:500 1:500
FTSE Spread
1.2 1.5 pts (var)
GBPUSD Spread
0.5 2.1 (var)
Oil Spread
2.0 0.05 (var)
Stocks Spread
Variable 0.1% Var
Forex
Switch Markets offer 60+ currency pairs, including majors, minors and exotics. XM.com deliver ultra low spreads across a huge range of Forex markets. Flexible lot sizes, and Micro and XM Zero accounts accommodate every level of trader.
GBPUSD Spread
0.5 2.1 pips (var)
EURUSD Spread
0.1 1.6 pips (var)
EURGBP Spread
0.6 2 pips (var)
Assets
60+ 55+
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees. Crypto trading not offered
Spread
Variable
Coins
BTC, ETH, LTC, XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- No
Auto Market Maker
No No
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