Forex Broker Comparison
Detailed side-by-side analysis
Quick Summary
Best for Beginners
XM
$5.00Tightest Spreads
switchmarkets
From 0.0 pips (Pro/ECN); 0.6 pips average on Standard (EUR/USD). pipsHighest Leverage
XM
1:Up to 1:1000Best Rated
XM
Mobile Trading
Both
✓✓General Information
switchmarkets
Regulation
ASIC (Australia)
Founded
N/A
Headquarters
Australia
Overall Rating
XM
Regulation
ASIC (Australia), CySEC (Cyprus), DFSA (Dubai, UAE)
Founded
N/A
Headquarters
Cyprus
Overall Rating
Trading Conditions
| Feature | switchmarkets | XM |
|---|---|---|
| Minimum Deposit | $40.00 | $5.00 |
| Average Spreads | From 0.0 pips (Pro/ECN); 0.6 pips average on Standard (EUR/USD). | From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard |
| Maximum Leverage | Up to 1:1000 | Up to 1:1000 |
| Commission | None | None |
Account Types
switchmarkets
XM
Platforms & Tools
switchmarkets
MetaTrader 4, WebTrader
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
XM
MetaTrader 4, MetaTrader 5
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
Payments
switchmarkets
Deposit Methods
Bank Wire, Credit/Debit Cards (Visa/Mastercard), E-Wallets (Skrill, Neteller), Cryptocurrencies (Bitcoin, Ethereum), Local Methods (e.g., FPS for Asia). Instant processing for most; no deposit fees except crypto blockchain.
Withdrawal Methods
Same as deposits; processed 24–72 hours, with 0.5%–2% fees.
Withdrawal Fee
None
XM
Deposit Methods
Credit/Debit Cards (Visa/MasterCard), Bank Wire Transfer, Skrill, Neteller, Google Pay, Local Methods (e.g., UnionPay in Asia)
Withdrawal Methods
Same as deposits: Credit/Debit Cards, Bank Wire, Skrill, Neteller (processed same-day for verified accounts)
Withdrawal Fee
None
Support
switchmarkets
Support Languages
English, Spanish, Arabic, Chinese, Malay, Indonesian (multilingual support).
Support Channels
24/5 live chat, email, WhatsApp; highly rated for responsiveness (4.7/5 on Trustpilot).
Account Manager
Available
XM
Support Languages
30+ (English, Arabic, Chinese, French, German, Spanish, Japanese, Russian, etc.)
Support Channels
24/5 customer support through live chat, email, and phone, with assistance available in multiple languages.
Account Manager
Not Available
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