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IC Markets vs Switch Markets
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, IC Markets currently holds a lower overall rating (4.2) compared to Switch Markets (4.5).
IC Markets has a lower minimum deposit, at 0.0.
Both platforms offer their clients demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but IC Markets has a maximum lot size of 200.0, while Switch Markets offers 100.0.
Each broker offers an equal maximum leverage of 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 ($) | 0.0 | 50.0 |
| Commission | 7.0 | 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 | ||
| Kontes | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 200.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | ECN | STP, ECN, Pro, Cent |
| Maximal leverage (1:?) | 1000 | 1000 |
| Availability | ECN | STP, ECN, Pro, Cent |
| Regulation | ASIC (Australia) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Moneybookers, WebMoney, Neteller | 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, CAD, SGD, HKD, AUD | USD, GBP, EUR, CHF, NZD, CAD, AUD, PHP |
| Languages | English, Spanish, French, German, Portuguese, Japanese, Italian, Greek, Mandarin, Chinese, Indonesian, Thai, Arabic, Vietnamese, Bahasa Indonesia | English, Spanish, Portuguese, Italian, Russian, Filipino, Tagalog |
| Country | Australia | Singapore |
| Trading platform(s) timezone | Australia, Cyprus | Australia, Cyprus, Singapore |
| Other trading instruments | Indices, Commodities, Energies, CFDs | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
