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FOREX.com vs Switch Markets
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FOREX.com currently holds a lower overall rating (2.5) compared to Switch Markets (4.5).
FOREX.com has a higher minimum deposit than Switch Markets, at 100.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
FOREX.com offers a minimum lot size of 1000.0 and a maximum lot size of 5.0E7, while Switch Markets offers 0.01 and 100.0.
FOREX.com offers a lower maximum leverage of 1:50, whereas Switch Markets allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 100.0 | 50.0 |
| Commission | 0.0 | 3.5 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 1000.0 | 0.01 |
| Maximum lot size | 5.0E7 | 100.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker | STP, ECN, Pro, Cent |
| Maximal leverage (1:?) | 50 | 1000 |
| Availability | Market Maker | STP, ECN, Pro, Cent |
| Regulation | NFA (US), CFTC (US), FCA (UK), CySEC (Cyprus), ASIC (Australia), CIMA (Cayman Islands), FSA (Japan), MAS (Singapore), SCA (UAE) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform, NINJA Trader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Paypal, ACH deposit, Skrill, BPay | Wire Transfer, Credit Card, Debit Card, Perfect Money, Neteller, UnionPay, Skrill, FasaPay, Local Deposits, Bitcoin, Multiple local methods, PayTrust, PayRetailers, Payment Asia, Crypto, Dragonpay, USDT, Visa, Mastercard, cryptoPay |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, PLN, HKD, AUD | USD, GBP, EUR, CHF, NZD, CAD, AUD, PHP |
| Languages | English, Spanish, German, Japanese, Chinese, Polish, Arabic | English, Spanish, Portuguese, Italian, Russian, Filipino, Tagalog |
| Country | United States | Singapore |
| Trading platform(s) timezone | Australia, Canada, Cyprus, Germany, Japan, Poland, Singapore, United Kingdom, United States | Australia, Cyprus, Singapore |
| Other trading instruments | CFDs | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
