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Switch Markets vs iFOREX
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 iFOREX (4.2).
Switch Markets has a higher minimum deposit than iFOREX, at 50.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading.
Switch Markets offers a greater leverage limit of 1:1000, whereas iFOREX allows a maximum of only 1:400.
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 | 20.0 |
| Commission | 3.5 | 0.0 |
| 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 | 100.0 | - |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Pro, Cent | Market Maker |
| Maximal leverage (1:?) | 1000 | 400 |
| Availability | STP, ECN, Pro, Cent | Market Maker |
| Regulation | - | FSC (British Virgin Islands), CySEC (Cyprus) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | Web Platform, Mobile 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, Debit Card, Paypal, Neteller, UnionPay, Skrill, Crypto, Astropay, USDT, Visa, Mastercard |
| Account Currency | USD, GBP, EUR, CHF, NZD, CAD, AUD, PHP | USD |
| Languages | English, Spanish, Portuguese, Italian, Russian, Filipino, Tagalog | English, Spanish, Thai, Arabic, Hindi |
| Country | Singapore | British Virgin Islands |
| Trading platform(s) timezone | Australia, Cyprus, Singapore | Greece |
| Other trading instruments | - | CFDs, Share CFDs, Other, Cryptos*, CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
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