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Switch Markets vs IronFX

Switch Markets or IronFX – which is better for UK traders 2025? Compare Switch Markets and IronFX in this detailed breakdown of their platforms, features and fees.

Switch Markets vs IronFX Comparison Table 2025
Switch Markets	IronFX

3.8	3.8
Switch Markets is ranked #51 among CFD brokers.	IronFX is ranked #37 among CFD brokers.
Review	Review
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.	IronFX, established in 2010, is a highly regulated broker specialising in forex and CFDs. This acclaimed company provides access to over 500 markets for more than 1.5 million clients in 180 countries. Traders benefit from multiple account options with competitive rates via the MT4 platform, alongside 24/5 customer support available in 30 languages.
Pros
Switch Markets provides a good selection of trading tools, such as a market sentiment heatmap, an economic calendar, and VPS access. I value the variety of forex calculators available. I discovered 14 easy deposit methods and 5 base currencies. With average processing times of just 1 minute and 2 seconds, traders will find this particularly appealing. I am impressed by the free access to HowToTrade's educational resources, community forum, and market analysis, all without requiring a deposit. Traders can utilise the MetaTrader Trading Signals to mirror the actions of seasoned traders instantly. The £50 minimum initial deposit for both account types is quite competitive relative to other brands.	In addition to MT4, the broker also provides various services such as copy trading, a VPS solution, and PAMM/MAM accounts. IronFX offers both fixed and floating spread accounts, appealing to novices and seasoned traders alike. Traders gain access to the renowned Trading Central research tool, featuring automated AI analytics and round-the-clock support. IronFX is a well-established firm regulated by respected authorities such as the CySEC, FCA, and FSCA. The broker regularly hosts trading competitions with cash rewards and provides welcome bonuses for new clients. The IronFX Academy provides outstanding educational resources for traders of all levels, from beginners to advanced.
Cons
I am somewhat worried that the international firm is governed by the SVGFSA, an offshore regulator known for offering minimal financial security to clients. In my view, Standard account holders face relatively high spreads, averaging 1.5 pips for EUR/USD, which are not particularly competitive.	It is unfortunate that the broker lacks advanced software options like MT5 or TradingView, restricting choice for seasoned traders. Commissions in zero-spread accounts begin at £13.50 per lot, almost twice the industry standard. In comparison to top brokers, IronFX provides a limited range of share CFDs.
Awards
	Best Online Trading Platform (2019) Best Broker of the Year (2019) Most Trustworthy Forex Broker Global (2019) Best Online Trading & Financial Services Company (2020) Best Online Forex Trading Platform (2021) International Online Currency Trading Platform of the Year (2021) Most Outstanding Online Trading Partners Program (2022)
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities	Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
Demo Account
Yes	Yes
Minimum Deposit
$50	$100
Payment Methods
Debit Card FasaPay GlobePay Mastercard Neteller Perfect Money Skrill Wire Transfer	Credit Cards Debit Card FasaPay Neteller Perfect Money Skrill Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC	CySEC, FCA, FSCA, BMA / Bermuda
Mobile Apps
iOS & Android	Android, iOS, WebTrader
iOS App Rating
4.8	2.1
Android App Rating
4.6	2.5
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
Yes	Yes
PAMM Account
Yes	Yes
LAMM Account
No	Yes
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	Yes
Copy Trading Platform
Switch Markets provides low-cost trading services through the MetaTrader 4 platform, allowing traders to copy strategies efficiently.	The TradeCopier service enables aspiring investors to mirror the strategies of leading traders instantly. This tool offers novices an opportunity to learn from seasoned investors, while strategy providers have the potential to earn performance fees.
Social Trading
Yes	Yes
Trade Signals
MT4	Yes
VPS Hosting
Yes	Yes
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	3%
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD CHF SGD	USD EUR GBP AUD JPY PLN CZK
Commodities
Gold Silver Oil Natural Gas	Cocoa Coffee Copper Corn Cotton Soybeans Sugar Oil Wheat Natural Gas Gold Silver Platinum Palladium
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.	IronFX offers over 300 instruments across forex, equities, commodities, and index CFDs. Leverage varies from 1:30 to 1:1000, based on the trader's account location. Exceptional technical analysis tools are available, featuring 30 built-in indicators and 9 different chart time frames.
Leverage
1:500	1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)
FTSE Spread
1.2	140
GBPUSD Spread<
0.5	0.8
Oil Spread
2.0	3
Stocks Spread
Variable	Variable
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.	IronFX provides a robust choice of 80 currency pairs for traders. Utilise the market-leading MT4 platform, which includes various forex research tools. However, be aware that commission fees in zero-spread accounts are steep, starting at $13.50 per lot.
Assets
60+	80+
GBPUSD Spread
0.5	0.8
EURUSD Spread
0.1	0.7
EURGBP Spread
0.6	0.9
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.
Spread
Variable
Coins
BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Switch Markets	IronFX
Review	Review
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