Switch Markets vs Saxo

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

Switch Markets vs Saxo Comparison Table 2025

Switch Markets	Saxo
3.8	4
Switch Markets is ranked #52 among CFD brokers.	Saxo is ranked #65 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.	Saxo Markets is a renowned trading brokerage, investment firm, and regulated bank. Featuring over 72,000 trading instruments, alongside investment products and managed portfolios, it provides abundant opportunities for clients. This reputable brand ensures transparent pricing and is protected by top-tier regulations from more than ten agencies, including FINMA, FCA, and ASIC.
	66% of retail accounts lose money.
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.	Advanced proprietary trading platforms featuring extensive charting options and sophisticated analysis tools. Elite research centre offering specialised market analysis and exclusive forecasts, including 'Outrageous Predictions'. Outstanding educational materials are available, such as podcasts, webinars, and expert-led videos. Access to advanced external analysis tools, such as TradingView and Updata, is available. The ISA account offers easy access and flexibility, as it incurs neither entry nor exit fees. A well-regulated and reputable firm located in Switzerland. Reduced fees with advanced account levels.
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.	Trading accounts require substantial financial investment. A subscription is necessary to access Level 2 pricing. Clients from certain regions, such as the US and Belgium, are not accepted.
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities	Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$50	£500
Payment Methods
Debit Card FasaPay GlobePay Mastercard Neteller Perfect Money Skrill Wire Transfer	Credit Cards Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	Vary by asset
Regulator
ASIC	DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB
Mobile Apps
iOS & Android	SaxoTraderGo (iOS, Android, Windows)
iOS App Rating
4.8	4.6
Android App Rating
4.6	4.6
Margin Trading
Yes	No
MetaTrader 4
Yes	No
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	Yes
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	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Yes - Equinix
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	No
Trade Signals
MT4	Yes
VPS Hosting
Yes	No
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 CAD AUD JPY SEK DKK CHF
Commodities
Gold Silver Oil Natural Gas	Gold Silver Natural Gas Oil Copper Corn
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.	Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience.
Leverage
1:500	1:30
FTSE Spread
1.2	1.2 pts (Variable)
GBPUSD Spread<
0.5	0.7 (var)
Oil Spread
2.0	0.03
Stocks Spread
Variable	0.10% (subject to min commission)
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.	Access top-tier liquidity across an extensive selection of 189 currency pairs and spot metals, as well as 130 forwards, with spreads starting as low as 0.4 pips.
Assets
60+	40+
GBPUSD Spread
0.5	0.7 (varies by region)
EURUSD Spread
0.1	0.2 (varies by region)
EURGBP Spread
0.6	0.6 (varies by region)
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.	Engage in trading cryptocurrencies against leading fiat currencies, or adopt a longer-term strategy through ETNs.
Spread
Variable	Variable
Coins
BTC ETH LTC XRP	BTC ETH LTC XRP XTZ SOL ADA DOT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Switch Markets	Saxo
Review	Review
	66% of retail accounts lose money.
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