How competitive are Switch Markets spreads compared to other brokers?
💡 Answer
Switch Markets offers competitive trading costs with the following fee structure:
EUR/USD Spread: From 0.0 pips (Pro), From 1.4 pips (Standard)
Commission: $3.50/lot/side ($7 round turn) on Pro, None on Standard
Execution Model: STP
Live spread data and the full commission schedule are published on Switch Markets official website.
More FAQs about Switch Markets
- Can I open an account with Switch Markets from the United States?
- How can I create a trading account at Switch Markets?
- Is Switch Markets suitable for scalpers and day traders?
- Where is Switch Markets based, and does it offer 24/7 customer support?
- What research and analysis tools does Switch Markets provide?
- Is Switch Markets well-reviewed on Trustpilot?
- How fast are withdrawals processed at Switch Markets?
- Is copy trading available at Switch Markets for beginners?
- Can I use expert advisors on Switch Markets MetaTrader platform?
- What is the full range of tradable instruments at Switch Markets?
- What account options does Switch Markets have for beginners and professionals?
- What platforms are available at Switch Markets for desktop and mobile trading?
- What base currencies does Switch Markets support, and what is the minimum deposit?
- Does Switch Markets offer high leverage, and what are the risk management rules?
- What regulations apply to Switch Markets, and how are traders' funds protected?
Guides Where Switch Markets Is Featured
- Best Forex Brokers for Benin in 2026
- Best Forex Brokers for Expert Advisors (EA Trading) in 2026
- Best Forex Brokers for Index Trading in 2026
- Best Forex Brokers for Professional Traders in 2026
These guides include Switch Markets alongside other forex brokers, grouped by trading features, platforms, availability, and trader requirements.
Switch Markets vs Hantec Markets vs Tickmill - Forex Broker Comparison (September 2026)
Side-by-side comparison of Switch Markets vs Hantec Markets vs Tickmill. Quickly scan spreads, leverage, regulations, platforms, instruments, fees, trading conditions, payment options and account types to narrow down your forex broker shortlist. Data updated September 2026.
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Switch Markets
Australian-Backed Multi-Asset CFD Broker With 1:1000 Leverage
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Hantec Markets
Trusted Global Forex & CFD Broker Since 1990
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Tickmill
Multi-Regulated ECN Forex & CFD Broker
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|---|---|---|---|
| Overview | |||
| Trustpilot Rating | 4.6 | 5 | 0 |
| Trustpilot Reviews | 935 | 5,497 | 0 |
| Headquarters | Australia | United Kingdom | United Kingdom |
| Founded | 2019 | 2009 | 2014 |
| Best For | Beginners Low Deposit High Leverage Low Spreads Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Beginners Low Spreads Low Deposit Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads Scalping ECN Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | |||
| Regulation | VFSC (Vanuatu) FSA (St. Vincent and the Grenadines) | FCA (UK) ASIC (Australia) FSC (Mauritius) FSA (Seychelles) VFSC (Vanuatu) | FCA (UK) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles) |
| Fund Segregation | ✅ Yes | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes | ✅ Yes |
| Compensation Scheme | None (offshore entity). Client funds held in segregated accounts at tier-one banks. | FSCS up to GBP 85000 (UK FCA entity) | Up to €20,000 under CySEC ICF; Up to £85,000 under FCA FSCS |
| Trading Costs | |||
| Min Spread | From 0.0 pips (Pro), From 1.4 pips (Standard) | From 0.1 pips (Pro), From 0.6 pips (Global), From 2.2 pips (Cent) | From 0.0 pips (Raw), From 1.6 pips (Classic) |
| Commission | $3.50/lot/side ($7 round turn) on Pro, None on Standard | $1/lot/side (Pro), None (Global/Cent) | $3/lot/side (Raw), $3.50/lot/side (TradingView Raw), None (Classic) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | $5/month after 90 days inactivity | $10/quarter after 12 months inactivity |
| Deposit/Withdrawal Fees | No deposit or withdrawal fees charged by the broker. Most withdrawals processed within 1 business day. | No deposit fees. No withdrawal fees | No deposit fees. No withdrawal fees from Tickmill side. Third-party bank fees may apply |
| Trading Conditions | |||
| Max Leverage | 1:1000 (Global) | 1:500 (Global), 1:30 (EU/AU retail) | 1:1000 (Seychelles), 1:500 (South Africa), 1:30 (EU/UK retail) |
| Min Deposit | $50 | $10 | $100 |
| Execution Type | STP | STP | ECN |
| Stop Out Level | 20% | 20% | 30% |
| Margin Call Level | 50% | 50% | 100% |
| Instruments | 65 Forex 1319+ Stocks 26 Indices 15 Commodities 2 Metals 2 Energies 41 Crypto | 97 Forex 1985+ Stocks 21 Indices 12 Commodities Metals Energies 62 Crypto | 62 Forex 490+ Stocks 22 Indices 12 Commodities 4 Metals 3 Energies 15 Crypto 25 ETFs 4 Bonds |
| Currency Pairs | 65 | 97 | 62 |
| Min Lot Size | 0.01 | 0.01 | 0.01 |
| Platforms & Tools | |||
| Trading Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 TradingView |
| Mobile App | ✅ Yes | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes | ✅ Yes |
| API Access | ❌ No | ✅ Yes | ✅ Yes |
| Education | Trading Academy Video Tutorials Trading Glossary Market News Economic Calendar Webinars | Trading Guides Glossary Economic Calendar Trading Central | Webinars Seminars Video Tutorials eBooks Trading Glossary CME Education Hub Bright Minds Podcast Traders Clinic Podcast |
| Account & Support | |||
| Account Types | Standard Pro (Raw) Islamic PAMM Demo Micro | Global Cent Pro Islamic PAMM Demo | Classic Raw TradingView Raw Islamic Demo |
| Payment Methods | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller FasaPay Perfect Money Crypto (Bitcoin) Globepay Paytrust Nganluong | Credit/Debit Cards (Visa Mastercard) Bank Wire Crypto Perfect Money | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay Crypto (BTC ETH USDT) Apple Pay Google Pay |
| Withdrawal Speed | Same Day (most methods, processed within 1 business day) | Same Day (e-wallets), 1-2 Days (cards), 3-5 Days (bank wire) | Same day (e-wallets), 1-3 days (bank wire), up to 8 days (cards) |
| Support Hours | 24/5 Live Chat, Email, Phone (multilingual) | 24/5 | 24/5 Live Chat, Email, Phone |
Switch Markets
Hantec Markets
Tickmill