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FXOptimax vs Switch Markets
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FXOptimax currently holds a stronger overall rating (5) than Switch Markets (4.5).
FXOptimax has a lower minimum deposit, at 10.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but FXOptimax has a maximum lot size of 1000.0, 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 ($) | 10.0 | 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 | 0.01 | 0.01 |
| Maximum lot size | 1000.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP | STP, ECN, Pro, Cent |
| Maximal leverage (1:?) | 1000 | 1000 |
| Availability | STP | STP, ECN, Pro, Cent |
| Regulation | - | - |
| Trading Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, WebMoney, Neteller, UnionPay, Skrill | 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 | USD, GBP, EUR, CHF, NZD, CAD, AUD, PHP |
| Languages | English, Spanish, Portuguese, Mandarin, Chinese, Indonesian, Malay, Arabic | English, Spanish, Portuguese, Italian, Russian, Filipino, Tagalog |
| Country | Saint Vincent and the Grenadines | Singapore |
| Trading platform(s) timezone | Saint Vincent and the Grenadines | Australia, Cyprus, Singapore |
| Other trading instruments | - | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
