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Switch Markets vs XMTrading
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Switch Markets currently holds a stronger overall rating (4.5) than XMTrading (4.3).
Switch Markets has a higher minimum deposit than XMTrading, at 50.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same maximum lot size (100.0), but Switch Markets has a minimum lot size of 0.01, while XMTrading offers 0.1.
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 ($) | 50.0 | 5.0 |
| Commission | 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 | 0.01 | 0.1 |
| Maximum lot size | 100.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Pro, Cent | Market Maker |
| Maximal leverage (1:?) | 1000 | 1000 |
| Availability | STP, ECN, Pro, Cent | Market Maker |
| Regulation | - | FSA (Seychelles), FSC (British Virgin Islands) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XMTrading App |
| Funding/Withdrawal methods | 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 | Wire Transfer, Credit Card, Multiple local methods, Sticpay |
| Account Currency | USD, GBP, EUR, CHF, NZD, CAD, AUD, PHP | USD, EUR, JPY |
| Languages | English, Spanish, Portuguese, Italian, Russian, Filipino, Tagalog | English, Japanese, Russian, Malay, Thai, Vietnamese, Korean |
| Country | Singapore | Seychelles |
| Trading platform(s) timezone | Australia, Cyprus, Singapore | Seychelles |
| Other trading instruments | - | Indices, Commodities, Energies, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
