FP Markets vs Switch Markets - Broker Comparison September 2026
Head-to-head comparison of FP Markets and Switch Markets. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed September 2026.
Bottom Line: FP Markets vs Switch Markets
FP Markets comes out ahead overall, leading in 7 of 10 compared categories.
Where FP Markets leads
- Trustpilot Rating (4.8 vs 4.6)
- Regulation (5 vs 2)
- Trading Platforms (5 vs 2)
- Trustpilot Reviews (10,313 vs 938)
- Currency Pairs (71 vs 65)
- Instruments (9 vs 7)
Where Switch Markets leads
- Min Deposit ($50 vs $100)
- Max Leverage (1:1,000 vs 1:500)
- Payment Methods (12 vs 10)
Choose FP Markets for Low Spreads, ECN Trading, Scalping. Choose Switch Markets for Beginners, Low Deposit, High Leverage.
Frequently Asked Questions
Is FP Markets or Switch Markets better?
FP Markets leads in 7 of 10 compared categories. The right choice still depends on the factors that matter most to you.
Which has a better Trustpilot Rating, FP Markets or Switch Markets?
FP Markets (4.8 vs 4.6).
Which has a better Min Deposit, FP Markets or Switch Markets?
Switch Markets ($50 vs $100).
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FP Markets
Australian ECN Forex & CFD Broker
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Switch Markets
Australian-Backed Multi-Asset CFD Broker With 1:1000 Leverage
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|---|---|---|
| Overview | ||
| Trustpilot Rating | 4.8 | 4.6 |
| Trustpilot Reviews | 10,313 | 938 |
| Headquarters | Australia | Australia |
| Founded | 2005 | 2019 |
| Best For | Low Spreads ECN Trading Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Beginners Low Deposit High Leverage Low Spreads Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles) CMA (Kenya) | VFSC (Vanuatu) FSA (St. Vincent and the Grenadines) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to €20,000 under CySEC ICF | None (offshore entity). Client funds held in segregated accounts at tier-one banks. |
| Trading Costs | ||
| Min Spread | From 0.0 pips (Raw), From 1.0 pips (Standard) | From 0.0 pips (Pro), From 1.4 pips (Standard) |
| Commission | $3/lot/side (Raw), None (Standard) | $3.50/lot/side ($7 round turn) on Pro, None on Standard |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | None |
| Deposit/Withdrawal Fees | No deposit fees. Bank withdrawal A$10 international. E-wallets free | No deposit or withdrawal fees charged by the broker. Most withdrawals processed within 1 business day. |
| Trading Conditions | ||
| Max Leverage | 1:500 (Global), 1:30 (EU/AU retail) | 1:1000 (Global) |
| Min Deposit | $100 | $50 |
| Execution Type | ECN | STP |
| Stop Out Level | 50% | 20% |
| Margin Call Level | 100% | 50% |
| Instruments | 70+ Forex 10000+ Stocks 12 Indices 3 Commodities 4 Metals 2 Energies 5 Crypto ETFs Bonds | 65 Forex 1319+ Stocks 26 Indices 15 Commodities 2 Metals 2 Energies 41 Crypto |
| Currency Pairs | 70 | 65 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS | MetaTrader 4 MetaTrader 5 |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ❌ No |
| Education | Webinars Video Tutorials Forex 101 Articles Trading Guides Podcast | Trading Academy Video Tutorials Trading Glossary Market News Economic Calendar Webinars |
| Account & Support | ||
| Account Types | Standard Raw Islamic IRESS Demo | Standard Pro (Raw) Islamic PAMM Demo Micro |
| Payment Methods | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay Crypto Apple Pay Google Pay | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller FasaPay Perfect Money Crypto (Bitcoin) Globepay Paytrust Nganluong |
| Withdrawal Speed | Same day (e-wallets), 1-2 days (cards), 3-5 days (bank wire) | Same Day (most methods, processed within 1 business day) |
| Support Hours | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone (multilingual) |
FP Markets
Switch Markets