Switch Markets
This broker does not accept traders from United States.
Switch Markets is a multi-asset CFD brokerage, regulated by ASIC and SVGFSA. The new brand offers trading on the MT4 and MT5 platforms and leverage up to 1:500. The broker boasts over 2000+ instruments, with some additional tools including copy trading services and free VPS hosting.
| Min. Deposit | $50 |
| Min. Trade | 0.01 Lots |
| Regulated By | ASIC |
| Mobile Apps | iOS & Android |
| Currencies | USD, EUR, GBP, CAD, AUD, NZD, CHF, SGD |
CFD
Switch Markets offers 180+ CFD instruments with 1:500 leverage and fast order execution speeds of <76 ms. I find commissions are also fairly competitive, coming in at $7 per round turn for Pro account holders.
| FTSE Spread | 1.2 |
| GBPUSD Spread | 0.5 |
| Oil Spread | 2.0 |
| Stocks Spread | Variable |
| Leverage | 1:500 |
Forex
I think the range of 60+ major, minor and exotic currency pairs is fairly competitive, especially with spreads from 0 pips in the Pro account. Experienced traders can also access high leverage up to 1:500 in the popular MT4 platform.
| GBPUSD Spread | 0.5 |
| EURGBP Spread | 0.6 |
| EURUSD Spread | 0.1 |
| Assets | 60+ |
Cryptos
There's only 6 crypto CFDs available at Switch Markets, though I was pleased to see leverage of 1:3 available. I like that you can also benefit from BTC, ETH, XRP, USDT and USDTRC20 deposit options.
| Coins | BTC, ETH, LTC, XRP |
| Spread | Variable |