switchmarkets vs Decode FX: Comparison

Forex Broker Comparison

Detailed side-by-side analysis

switchmarkets
switchmarkets
VS
Decode FX
Decode FX
General Information Trading Conditions Account Types Platforms & Tools Payments Support

Quick Summary

Best for Beginners

Decode FX

$0.00

Tightest Spreads

Decode FX

From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips pips

Highest Leverage

Decode FX

1:Up to 1:500

Best Rated

switchmarkets

4.50
/5

Mobile Trading

Both

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General Information

switchmarkets

Regulation

ASIC (Australia)

Founded

N/A

Headquarters

Australia

Overall Rating

4.50/5

Decode FX

Regulation

ASIC (Australia), VFSC (Vanuatu)

Founded

N/A

Headquarters

Australia

Overall Rating

4.40/5

Trading Conditions

Feature switchmarkets Decode FX
Minimum Deposit $40.00 $0.00
Average Spreads From 0.0 pips (Pro/ECN); 0.6 pips average on Standard (EUR/USD). From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips
Maximum Leverage Up to 1:1000 Up to 1:500
Commission None None

Account Types

switchmarkets

Standard Accounts Islamic Account ECN Accounts Copy Trading Accounts VIP Accounts Raw Account

Decode FX

beginner-friendly ecn-raw

Platforms & Tools

switchmarkets

MetaTrader 4, WebTrader

Mobile Trading

Available

Web Trading

Available

VPS Hosting

Available

Social Trading

Available

Decode FX

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

Decode FX

Deposit Methods

Credit/Debit Cards (Visa/Mastercard), Bank Wire, Skrill, Neteller, Alipay, Poli, DragonPay, USDT (crypto)

Withdrawal Methods

Same as deposits: Bank Wire (fee-free), Cards/Skrill/Neteller (fees apply), USDT

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

Decode FX

Support Languages

English, Chinese, Spanish, Arabic, Indonesian (multi-language support via MT4/MT5)

Support Channels

24/5 live chat, email, phone; Responsive weekdays but mixed reviews on speed

Account Manager

Available

Ready to choose your broker?

Select the platform that best matches your needs

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