Switch Markets vs Just2Trade

Switch Markets or Just2Trade – which is better for UK traders 2024? Compare Switch Markets and Just2Trade in this detailed breakdown of their platforms, features and fees.

Switch Markets vs Just2Trade Comparison Table 2024

Switch Markets	Just2Trade
3.8	1.5
Switch Markets is ranked #60 among CFD brokers.	Just2Trade is ranked #80 among CFD brokers.
Review	Review
Switch Markets is a multi-asset CFD brokerage, regulated by ASIC and SVGFSA. The new brand offers trading on the MT4 and MT5 platforms and leverage up to 1:500. The broker boasts over 2000+ instruments, with some additional tools including copy trading services and free VPS hosting.	Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
Pros
Switch Markets offers access to a decent range trading tools including a market sentiment heatmap, an economic calendar and a VPS. I particularly appreciate the diverse range of forex calculators I found 14 accessible deposit options and 5 base currencies. The impressive average processing times of 1 minute and 2 seconds should also appeal to active traders I am impressed by the complimentary access to the HowToTrade education resources, community chatroom and market analysis without the need for any deposit Traders can access copy trading solutions via the MetaTrader Trading Signals tools and duplicate positions of experienced traders in real-time I think the $50 minimum initial deposit for both account types is very competitive compared to some other brands	Competitive fee schedule and high-quality trade executions WhoTrades social network and copy trading through Novoadvisor Try2BFunded trader development program with funded accounts for clients who reach profit benchmarks The list of 35,000+ instruments is more than almost any other broker Regulated and trustworthy with authorization from FINRA, NFA & CySEC STP/ECN broker with fast execution speeds
Cons
I'm a little concerned that the global entity is regulated offshore by the SVGFSA, a low-tier watchdog with very limited financial protection for clients Spreads are not the most competitive for Standard account holders in my opinion, averaging 1.5 pips on EUR/USD	Research tools such as stock screeners require third-party applications Few standard educational resources compared to other brokers Cryptocurrency is only available in Asia
Awards
	Best Customer Service 2022 - Worldfinance.com The Best Partnership Program 2021 - Worldfinance.com The Best Multi-Asset Broker in Asia 2021 - Worldfinance.com
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities	Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds
Demo Account
Yes	Yes
Minimum Deposit
$50	$100
Payment Methods
Debit Card FasaPay GlobePay Mastercard Neteller Perfect Money Skrill Wire Transfer	AstroPay Credit Cards Debit Card Klarna Mastercard Neteller PayPal Paysafecard Skrill Trustly Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC	CySEC, NFA, FINRA, Bank of Russia
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
Yes	No
PAMM Account
Yes	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	Yes
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Yes - Equinix	Lime Financial
Copy Trading
Yes	Yes
Copy Trading Platform
Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal.	Copy other traders with a $100 starting payment. You only pay a commission on winning trades. Just2Trade ranks the top strategies and provides good insights into the number of subscribers, fees and monthly yields.
Social Trading
Yes	Yes
Trade Signals
MT4	Yes - by subscription
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
	$15
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD CHF SGD	USD EUR RUB
Commodities
Gold Silver Oil Natural Gas	Oil Gold Silver Platinum Palladium
CFD
Switch Markets offers 180+ CFD instruments with 1:500 leverage and fast order execution speeds of <76 ms. I find commissions are also fairly competitive, coming in at $7 per round turn for Pro account holders.	With CFDs on 20+ Polish and 30+ US stocks, as well as energies and seven global stock indices covering US, UK, European, Australian and Japanese markets, Just2Trade offers a superb selection of global assets.
Leverage
1:500	1:20
FTSE Spread
1.2	0.0
GBPUSD Spread<
0.5	0.0
Oil Spread
2.0	0.0
Stocks Spread
Variable	Variable
Forex
I think the range of 60+ major, minor and exotic currency pairs is fairly competitive, especially with spreads from 0 pips in the Pro account. Experienced traders can also access high leverage up to 1:500 in the popular MT4 platform.	Traders can access a decent range of 60+ major, minor and exotic forex pairs through standard and ECN accounts with tight spreads from 0.5 and 0.0, respectively. Execution speeds are also faster than most competitors at 50ms, which will appeal to active forex traders.
Assets
60+	50+
GBPUSD Spread
0.5	0.0
EURUSD Spread
0.1	0.0
EURGBP Spread
0.6	0.0
Cryptocurrency
There's only 6 crypto CFDs available at Switch Markets, though I was pleased to see leverage of 1:3 available. I like that you can also benefit from BTC, ETH, XRP, USDT and USDTRC20 deposit options.	Traders can speculate on a modest selection of the largest cryptos by market cap including Bitcoin. On the downside, crypto trading is only available to clients from Asia which is more restrictive than many alternatives.
Spread
Variable	From 0.1%
Coins
BTC ETH LTC XRP	BTC ETH USDT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Switch Markets	Just2Trade
Review	Review
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