Switch Markets Review & Rating 2024

Switch Markets is an ASIC and SVGFSA regulated broker. Since 2019, Switch Markets has been operating in the forex industry offering clients some amazing trading conditions to trade and invest in with nearly 2000 tradable instruments like: Currency Pairs, Indices CFD, Shares & ETFs CFD, Digital Currencies, commodities, and more with account types starting as low as 0.0 spread.

Switch Markets is not your average broker, it offers leading trading education via various educational videos, free proprietary trading tools, market analysis and boasts “world-class support”. An ideal broker for beginner or advanced traders.

There are many benefits to trading at Switch Markets including: multiple financial instruments via the MT4 and MT5 trading platforms with a minimum deposit of $50.  They provide traders with competitive trading conditions, such as various account types, low spreads from 0.0, leverage of up to 1:500, zero commissions and more.

Switch Markets has gone above and beyond to make sure they provide complete transparency to establish trust with its clients.

Switch Markets International PTE Ltd (202040285G) is an authorised representative of Royal ETP LLC who is licensed and regulated by ASIC (Australian Securities & Investments Commission) which requires the broker to maintain strict internal risk management and staff training procedures.

On top of that, all clients’ funds are held in segregated bank accounts with tier one banks. Switch Markets has focused on security and safety so that their clients will not worry about their funds and enjoy their trading experience.

Switch Markets offers a range of trading platforms to cater to different trader preferences and needs. They provide MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are widely recognized and utilized platforms in the financial markets.

For those who prefer a web-based trading experience, Switch Markets offers Webtrader versions for both MT4 and MT5, allowing traders to access their accounts and execute trades directly from their web browsers without needing to download software.

Additionally, mobile versions of both MT4 and MT5 are available through Switch Markets, enabling traders to monitor markets and execute trades on the go using their smartphones or tablets. This flexibility ensures that traders can stay connected and react quickly to market movements regardless of their location.

Switch Markets' platform offerings cover a spectrum of trading styles and preferences, providing the tools necessary for traders to engage in the markets effectively and efficiently.

Switch Markets provides accounts for beginners to expert traders with a choice of two live trading account types depending on the type of trader you are.

Both live accounts require a minimum deposit of $50, so clients can choose the account types that match their trading type and style . For example, while some traders prefer the Standard account with 0 commission and raw spreads, others might prefer the Pro account with 0.0 spread and a commission of $7 per side no matter market conditions.

They also offer a free demo trading account which allows newcomers to familiarise themselves with the platform and Switch Markets trading conditions and services using virtual money (up to $50,000).

An extra account offered is the Islamic account where traders seeking an interest-free account that’s aligned to the principles of Islamic Sharia law can open an Islamic-friendly account.

Switch Markets provides access to 41+ crypto CFDs (Contract for Difference). These include popular digital currencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tether (USDT), and USDT TRC20.

Traders can benefit from leverage of 1:3 when trading these cryptocurrencies, allowing them to potentially amplify their gains or losses.

Switch Markets offers friendly and expert support 24/7, ensuring that traders can get assistance whenever needed.

The platform is transparent with no hidden fees, making it easier for traders to understand their costs.

In summary, Switch Markets provides a concise selection of crypto CFDs, allowing traders to participate in the exciting world of digital currencies with competitive leverage and reliable support.

The minimum deposit required to open a live trading account with Switch Market is as low as $50 with a variety of trading account options to choose from.

Costs and commissions solely depend on the type of trading account you choose to open.

Standard Accounts offer spreads as low as 1.4 pips with absolutely no commission. The average spread on EUR/USD for Standard Account is 1.5 pips.

Meanwhile, the Pro Account spreads start as low as 0.0 pips with the average spread for EUR/USD being 0.1 pips and a commission of $7 per lot.

They offer complete transparency to their spreads and commissions which allows the client to select a trading account with no hidden costs.

Switch Markets allows traders to deposit and withdraw funds to and from their trading accounts using any of the following payment methods:

• Bank transfer
• Digital Currencies
• Credit/debit cards
• Neteller
• Skrill
• FasaPay
• Paytrust88
• UnionPay
• Interac
• PerfectMoney
• NganLuong.vn

Switch Markets provides comprehensive customer support available 24/7 through live chat on their website and inside the Cabinet.

You can also reach them via email at Support@switchmarkets.com, WhatsApp, Telegram at +447537131705, or request a callback through their Calendly link. Additionally, there's a contact form on their website and a Facebook page for further inquiries and assistance.

Switch Markets operates under the regulations of two reputable authorities: ASIC (Australian Securities and Investments Commission) and SVGFSA (Saint Vincent and the Grenadines Financial Services Authority). The company has physical locations in Brookvale, NSW 2100, Australia, and Trengganu St., Singapore, ensuring compliance with local regulatory standards in both regions.

Non-Accepted Countries

For ASIC, the non-accepted countries include the USA, Japan, Iran, North Korea, and China. Under SVGFSA, the non-accepted countries are Yemen, US, Iran, and North Korea.

Switch Markets is a multi-asset brokerage firm that allows clients to trade multiple financial instruments via the MT4 & MT5 trading platform with a minimum deposit of $50.

They provide traders with unmatchable trading conditions, such as various account types, low spreads from 0.0, leverage of up to 1:500, zero commissions and more.

There are various learning and trading tools to assist traders and they provide forex traders with all of the tools and educational material that they might need to implement effective forex trading strategies.

What makes them stand out is the fact that they pay attention to their clients' needs and wish to offer all the right tools for a trading experience that can not be matched. They provide exceptional educational resources by partnering up with HowToTrade (worth $567), 100% credit bonus and free VPS (worth $497) which makes them the ideal broker for high-frequency or algo traders.

These factors, in addition to Switch Markets’ trustworthiness, professionalism, transparency and extensive trade offerings make this forex trading broker the best option for beginner, intermediate, and advanced traders - highly recommended broker - Try them out!