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Switch Markets vs ActivTrades

Switch Markets or ActivTrades – which is better for UK traders 2024? Compare Switch Markets and ActivTrades in this detailed breakdown of their platforms, features and fees.

Switch Markets vs ActivTrades Comparison Table 2024
Switch Markets	ActivTrades

3.3	4
Switch Markets is ranked #97 among CFD brokers.	ActivTrades is ranked #62 among CFD brokers.
Review	Review
Switch Markets is a multi-asset CFD brokerage, regulated by ASIC and SVGFSA. The new brand offers trading on the MT4 platform and leverage up to 1:500. The broker boasts over 180 instruments, with some additional tools including copy trading services and free VPS hosting.	ActivTrades is a UK-headquartered CFD and forex broker established in 2001. The brokerage is heavily regulated with licenses from the FCA, SCB, CSSF, BACEN & CVM and CMVM. Over 1000 CFDs are available spanning 7 asset classes. Over 93.60% of orders are executed at the requested price. ActivTraders also offers a selection of leading trading platforms, including MT4, MT5, TradingView and ActivTrader platforms.
Pros
Switch Markets offers access to a decent range trading tools including a market sentiment heatmap, an economic calendar and a VPS. I particularly appreciate the diverse range of forex calculators I found 14 accessible deposit options and 5 base currencies. The impressive average processing times of 1 minute and 2 seconds should also appeal to active traders I am impressed by the complimentary access to the HowToTrade education resources, community chatroom and market analysis for just a $100 deposit Traders can access copy trading solutions via the MetaTrader Trading Signals tools and duplicate positions of experienced traders in real-time I think the $50 minimum initial deposit for both account types is very competitive compared to some other brands	Respected brand with 20+ years experience and 45+ awards Fast execution speeds with an average of 0.004 seconds ActivTrader Smart Order 2 increases investing efficiency Spreads from 0.5 pips on thousands of forex CFDs High-quality daily market analysis 24/5 customer support Generous margins Free webinars VPS service
Cons
I'm a little concerned that the global entity is regulated offshore by the SVGFSA, a low-tier watchdog with very limited financial protection for clients Spreads are not the most competitive for Standard account holders in my opinion, averaging 1.5 pips on EUR/USD	£10 monthly inactivity fee after a year of no trading Not available to residents in the USA and Canada
Awards
	Best Forex Broker Europe 2022 - Forex-Awards.com Most Trusted Global FX Broker 2022 - International Investor Magazine Best CFD Broker 2021 - Rankia Safest Global Broker 2021 - International Investor Award Winners Best FX Broker 2021 - Le Fonti Award
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities	Forex, CFDs, indices, shares, commodities, ETFs, cryptos
Demo Account
Yes	Yes
Minimum Deposit
$50	$10
Payment Methods
Debit Card FasaPay GlobePay Mastercard Neteller Perfect Money Skrill Wire Transfer	Credit Cards Debit Card Mastercard Neteller PayPal Skrill Sofort Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
ASIC	FCA, SCB
Mobile Apps
iOS & Android	Yes
iOS App Rating

Android App Rating

Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Yes - Equinix	Yes (APIs)
Copy Trading
Yes	No
Copy Trading Platform
Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal.
Social Trading
Yes	No
Trade Signals
MT4	Yes
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD CHF SGD	USD EUR GBP CHF
Commodities
Gold Silver Oil Natural Gas	Gold Silver Oil Cocoa Cotton Coffee Copper Corn Gasoline Sugar Wheat Natural Gas
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.	CFDs are available on hundreds of markets including forex, indices, shares and commodities. Traders can go long or short with reliable trading tools, excellent market research and transparent pricing.
Leverage
1:500	1:400
FTSE Spread
1.2	1.7 - 2.95
GBPUSD Spread<
0.5	0.8
Oil Spread
2.0	0.03 - 0.08
Stocks Spread
Variable	Variable
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.	ActivTrades is a great broker for active forex traders with industry-low spreads from 0.5 pips and zero commissions. The forex broker also offers impressive execution quality and speeds, alongside award-winning customer service.
Assets
60+	50+
GBPUSD Spread
0.5	0.8
EURUSD Spread
0.1	0.5
EURGBP Spread
0.6	0.8
Cryptocurrency
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.	Trade 16 of the most know cryptos, including Bitcoin and Ethereum. Digital currencies can be traded around the clock with no hidden fees. 1:10 leverage is also available on major tokens like BTC.
Spread
Variable	Variable
Coins
BTC ETH LTC XRP	BTC ETH LTC BCH DOT EOS LINK XLM NEO ADA SOL XRP BNB XMR AVAX DOGE
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Switch Markets	ActivTrades
Review	Review
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