Switch Markets vs Saxo

Switch Markets or Saxo – which is better for UK traders 2026? Compare Switch Markets and Saxo in this detailed breakdown of their platforms, features and fees.

Switch Markets vs Saxo Comparison Table 2026
Switch Markets Saxo
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4.2
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Switch Markets is ranked #38 among CFD brokers. Saxo is ranked # among .
Review
Switch Markets is a CFD brokerage offering diverse assets. It provides MT4 and MT5 platforms, thousands of instruments, and tools like copy trading and premium VPS hosting.
Saxo has closed or no longer accepts UK clients.
Pros
  • Switch Markets provides exceptional trading tools: a market sentiment heatmap, an economic calendar, various trading calculators, and a new AI-driven trading assistant.
  • Gain free access to MarketMovers' educational materials, market insights, and personalised coaching—benefits rarely offered by other brokers.
  • Traders can use MetaTrader's Trading Signals for copy trading, allowing them to replicate expert positions instantly.
  • Switch Markets has enhanced its portfolio with additional instruments and streamlined account structures. It provides a strong infrastructure for algorithmic traders, including a complimentary premium VPS for eligible participants.
  • Switch Markets offers clients with a $50 balance four complimentary tools: a VPS, AlgoBuilder AI using natural-language prompts, Trackatrader for advanced analytics, and PineConnector.
Cons
  • Switch Markets' regulatory standing has declined since its ASIC licence expired in 2024, when it ceased operating as a Corporate Appointed Representative under OneRoyal.
  • The global firm is offshore-registered with the VFSC through Royal CM LTD, a red-tier regulator offering limited client financial protection.
  • Although better, spreads remain uncompetitive for Standard account holders, averaging 1.5 pips on EUR/USD by our analysis.
  • This broker mainly supports MetaTrader, lacking proprietary software or apps. However, the PineConnector bridge enables direct trade execution from TradingView charts.
FCA Regulated
No

List of FCA Regulated Brokers

Instruments
Forex, Commodities, Indices, ETFs, Shares, Crypto
Demo Account
Yes
Minimum Deposit
$50
Payment Methods
Minimum Trade
0.01 Lots
Regulator
VFSC
Mobile Apps
iOS & Android
iOS App Rating
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4.8
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Android App Rating
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4.6
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Margin Trading
Yes
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
AlgoTrader
No
OmniTrader
No
TradingView
No
Autochartist
No
eSignal
No
Trading Central
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
Yes
PAMM Account
Yes
LAMM Account
No
Demat Account
No
AI / Machine Learning
Yes
Robo Advisor
No
Negative Balance Protection
Yes
Market Maker
Yes
P2P Trading
No
Spot Trading
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes
Copy Trading Platform
Switch Markets provides cost-effective copy trading through the MetaTrader platform.
Social Trading
Yes
Trade Signals
MT4
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Ethical Investing
No
Custodial Account
No
Guaranteed Stop Loss
No
Inactivity Fee
$0
Islamic Account
Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
Commodities
  • Gold
  • Silver
  • Oil
  • Natural Gas
  • Copper
  • Palladium
  • Platinum
  • Precious Metals
  • Cotton
CFD
Switch Markets provides numerous CFD instruments with rapid order execution averaging 76 ms. Commissions are competitive at $7 per round turn for Pro accounts. Unique support features include over 20 trading calculators, a free journal, and coaching.
Leverage
1:30 (EU), 1:1000 (Global)
FTSE Spread
1.2
GBPUSD Spread<
0.5
Oil Spread
2.0
Stocks Spread
Variable
Forex
The offering of over 60 major, minor, and exotic currency pairs is quite competitive, particularly with Pro account spreads starting at 0 pips. Seasoned traders can utilise VPS hosting and Expert Advisors to execute algorithmic trading strategies efficiently.
Assets
60+
GBPUSD Spread
0.5
EURUSD Spread
0.1
EURGBP Spread
0.6
Cryptocurrency
Switch Markets now offers over 60 crypto CFDs, a significant increase from the original 6. This expanded range includes both major cryptocurrencies and altcoins. Users can deposit and withdraw using BTC, ETH, XRP, USDT, and USDTRC20, appealing to traders focused on crypto.
Spread
Variable
Coins
  • BTC
  • BTC
  • XMR
  • ETH
  • LTC
  • ETH
  • NEAR
  • ZEC
  • LNK
  • APE
  • DOG
  • RIP
  • RIP
  • ONE
  • BNB
  • DSH
  • AVE
  • SHB
  • BCC
  • ETC
  • ADA
  • VET
  • XTZ
  • SOL
  • CHZ
  • NEO
  • BSV
  • IOTA
  • ATO
  • UNI
  • COMP
  • BAND
  • FTM
  • DOT
  • ALG
  • MEL
  • XLM
  • THT
  • POL
  • SND
  • TRX
  • SUSHI
  • QTUM
  • ICP
  • CELO
  • SNX
  • ALICE
  • KAVA
  • AVX
  • TRP
  • KSM
  • YFI
  • CKE
  • MNA
  • EOS
  • FIL
  • 1INCH
  • DEFI
  • EGLD
  • WAV
  • AXS
  • XEM
  • ENS
  • KNC
Crypto Lending
No
Crypto Mining
No
Crypto Staking
No
Auto Market Maker
No
Switch Markets Saxo
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