Switch Markets vs CMC Markets
Switch Markets or CMC Markets – which is better for UK traders 2025? Compare Switch Markets and CMC Markets in this detailed breakdown of their platforms, features and fees.
| Switch Markets | CMC Markets |
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| Switch Markets is ranked #52 among CFD brokers. | CMC Markets is ranked #3 among CFD brokers. |
| Switch Markets is a multi-asset CFD brokerage regulated by ASIC and SVGFSA. The brand provides trading services on MT4 and MT5 platforms with leverage up to 1:500. It offers more than 2000 instruments and includes features like copy trading services and free VPS hosting. | Founded in 1989, CMC Markets is a reputable broker publicly listed on the London Stock Exchange. It holds authorisation from top-tier regulators such as the FCA, ASIC, and CIRO. The brokerage, which has received multiple awards, boasts a global membership exceeding one million traders. |
| Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $50 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
The award-winning app from CMC Markets has transformed mobile trading. The app’s modern and customizable interface offers a unique user experience, distinct from competitors. Moreover, with its comprehensive charting capabilities featuring 25 technical indicators and 15 drawing tools, as well as its fast and stable trading environment, it’s an exceptional choice for traders. |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 1% | |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| Yes | 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 | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| Switch Markets provides low-cost trading services through the MetaTrader 4 platform, allowing traders to copy strategies efficiently. | |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| MT4 | Yes |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Switch Markets provides over 180 CFD instruments, offering leverage up to 1:500 and swift order execution in under 76 milliseconds. Commissions are competitive, at $7 per round turn for Pro account holders. | CMC enables trading of CFDs on over 12,000 assets, including currencies, indices, commodities, shares, ETFs, and treasuries. In 2025, new equities will feature sectors like quantum computing, AI learning, and digital car sales. Enjoy competitive spreads without hidden fees, and leverage the renowned MetaTrader 4 platform. Consistently, CMC stands out as a leading CFD broker. |
| Leverage | |
| 1:500 | 1:30 (Retail), 1:500 (Pro) |
| FTSE Spread | |
| 1.2 | 1 pt |
| GBPUSD Spread< | |
| 0.5 | 0.9 |
| Oil Spread | |
| 2.0 | 3.5 |
| Stocks Spread | |
| Variable | 0.02 |
| Forex | |
| The offering of over 60 major, minor, and exotic currency pairs is competitive, particularly with Pro account spreads starting at 0 pips. Seasoned traders can utilise leverage up to 1:500 on the widely-used MT4 platform. | CMC offers a broad selection of over 300 forex pairs, featuring tight spreads and quick execution. This exceeds many competitors in currency variety. Their forex indices provide a distinctive and comprehensive method to speculate on major currencies such as USD, EUR, and GBP. |
| Assets | |
| 60+ | 300+ |
| GBPUSD Spread | |
| 0.5 | 0.9 |
| EURUSD Spread | |
| 0.1 | 0.7 |
| EURGBP Spread | |
| 0.6 | 1.1 |
| Currency Indices | |
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| Cryptocurrency | |
| Switch Markets offers just six crypto CFDs, but the available leverage of 1:3 is appealing. Additionally, deposit options include BTC, ETH, XRP, USDT, and USDTRC20, which is advantageous for traders. | CMC Markets provides trading opportunities with popular digital currencies such as Bitcoin. However, it excels in offering crypto indices, granting broader market exposure. With minimal slippage and an impressive 99.9% fill rate, CMC is an excellent choice for active traders in the cryptocurrency sector. |
| Spread | |
| Variable | From 1.3 |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Switch Markets | CMC Markets |
| Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. | |
| More Comparisons | |
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Switch Markets vs |
CMC Markets vs |