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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4
Switch Markets is ranked #43 among CFD brokers. Saxo is ranked #25 among CFD brokers.
Review
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 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 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.
  • Saxo offers traders genuine multi-asset access through a single account. Our tests showed seamless trading in FX, CFDs, stocks, ETFs, futures, options, and bonds across over 70,000 instruments, all without needing to switch platforms.
  • Execution was robust during live tests. Saxo's FX order statistics showed average fills at 9–10ms, with approximately 99.3–99.5% completing in under 50ms. This performance aligned with the rapid, precise fills observed on major FX and index CFDs.
  • Research tools excel with Autochartist integration. It offers filters by pattern type, asset class, and timeframes from 15 minutes to daily, with probability bands reaching over 70%, ensuring genuine utility.
Cons
  • The global company is offshore-registered with the VFSC, a low-tier regulator offering limited client financial protections.
  • Our analysis shows that Standard account holders face average spreads of 1.5 pips on EUR/USD, which are not the most competitive.
  • The broker exclusively uses MetaTrader, lacking proprietary software or trading apps.
  • Our analysis shows classic account pricing is costly for traders. The EUR/USD pair typically incurs all-in spreads of 0.8–0.9 pips. Consequently, traders with smaller volumes will often face higher costs compared to leading ECN-style brokers.
  • Withdrawals are dependable but sluggish. Saxo handled requests within 1-2 business days, but transfers typically reached our bank in 4-5 days due to correspondent banking and SHA fees.
  • Saxo offers speed but is not ideal for ultra-tight scalping. Around 55-60% of EUR/USD orders experience zero slippage. However, about 20% encounter negative slippage, especially noticeable during news events and in higher-latency conditions of 300-400ms.
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, Commodities, Indices, ETFs, Shares, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, mutual funds, ETFs, ETNs
Demo Account
Yes Yes
Minimum Deposit
$50 $0
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
VFSC DFSA, MAS, FCA, FINMA, AMF, CONSOB
Mobile Apps
iOS & Android SaxoTraderGo (iOS, Android, Windows)
iOS App Rating
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4.8
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4.6
Android App Rating
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4.6
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4.6
Margin Trading
Yes Yes
Margin Rate
2% - 3%
MetaTrader 4
Yes No
MetaTrader 5
Yes 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
Yes No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Switch Markets provides cost-effective copy trading through the MetaTrader platform.
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
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • AED
  • HUF
  • MXN
Commodities
  • Gold
  • Silver
  • Oil
  • Natural Gas
  • Copper
  • Palladium
  • Platinum
  • Precious Metals
  • Cotton
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
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. Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience.
Leverage
1:30 (EU), 1:1000 (Global) 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 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. 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 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. Engage in trading cryptocurrencies against leading fiat currencies, or adopt a longer-term strategy through ETNs.
Spread
Variable 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
  • 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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