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Switch Markets Broker Review 2025

Switch Markets Broker Review 2025
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Your Capital is at risk.
Company:Switch Markets
Founded:2019
Min Deposit:$40
Max Leverage:1000
Headquarter:

Singapore

US Accepted:
Rsik Management EA Economic calendar Free VPS Forex calculator Demo account

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
Switch Markets International PTE LTD is a Forex broker with over 1000 tradable instruments in 6 financial markets. The broker is regulated by FSA SVG and has partnered with HowToTrade for market analysis and ForexVPS for seamless VPS connection.
Contact
1B TRENGGANU STREET SINGAPORE (058455)
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Competitive spreads on Pro account from 0.0 pips
MT4 and MT5 trading platforms
Over 1000 tradable instruments
High leverage options (1:1000)
Cons
Relatively new broker
Not available to US citizens
Higher than average spreads on the Standard account
No tier-1 regulation
score of blog
4 From 5.0
(3)
Rate this post
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Switch Markets broker offers Forex and CFD trading services through its Standard and Pro accounts. These accounts provide a low-cost trading experience (0.0 spreads and $3.5 commission), a low minimum deposit of only €40, and up to 1:1000 leverage.

Switch Markets
Switch Markets review of pros, cons, and trading features

Switch Markets Company Information & Regulation Status

Switch Markets, established in 2019, has quickly become one of the fastest-growing brokers in the industry. With a global presence spanning 21 countries and a team of nearly 100 professionals, they've built a reputation for reliability and innovation. Here are some key points about Switch Markets:

  • Regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA)
  • Client funds held in segregated bank accounts for enhanced protection
  • Access to diverse liquidity providers, ensuring tight spreads

Switch Markets was originally regulated under the ASIC via a license held by SWITCH MARKETS PTY LTD, operating as an appointed representative. However, as of the latest data, this ASIC license has been revoked.

The entity now primarily operates globally through Switch Markets International PTE Ltd and its parent firm, Royal ETP LLC, which is incorporated in St. Vincent and the Grenadines, a jurisdiction that does not enforce strict broker oversight.

While the broker promotes fund segregation and compliance mechanisms, its regulatory footprint has diminished. Traders should be aware that regulatory protection is limited, and Switch Markets is no longer under active ASIC supervision.

Switch Markets Specifications

Let's take a closer look at what the Forex broker brings to the table:

Broker

Switch Markets

Account Types

Standard, Pro

Regulating Authorities

SVGFSA

Based Currencies

USD, EUR, AUD, GBP, CAD, NZD, CHF

Minimum Deposit

€40

Deposit Methods

Visa/MasterCard, Paypal, Bank wire, Neteller, Skrill, UnionPay, Globe pay, NganLuong, Fasapay, PayTrust, crypto

Withdrawal Methods

Visa/MasterCard, Paypal, Bank wire, Neteller, Skrill, UnionPay, Globe pay, NganLuong, Fasapay, PayTrust, crypto

Minimum Order

0.01 Lot

Maximum Leverage

1:1000

Investment Options

Algo Trading, Social Trading

Trading Platforms & Apps

MT4, MT5

Markets

Forex, indices, commodities, crypto, shares

Spread

Floating from 0.0 pips

Commission

From $3.5

Orders Execution

Market

Margin Call/Stop Out

100%/20%

Trading Features

Demo account, Forex calculator, Economic calendar

Affiliate Program

Yes

Bonus & Promotions

Free VPS, Risk management EA

Islamic Account

Yes

PAMM Account

Yes

Customer Support Ways

Email, live chat, WhatsApp

Customer Support Hours

24/5

Restricted Countries

Iran, Syria, North Korea, Lebanon, USA, Cyprus, and more

Switch Markets Broker Account Types

Switch Markets offers 2 main account types to suit different trading styles and experience levels:

Account types

Standard

Pro

Minimum deposit

€40

€40

Minimum trading volume

0.01 Lot

0.01 Lot

Maximum Leverage

1:1000

1:1000

Spreads

Floating from 1.4 pips

Floating from 0.0 pips

Commission

No commission

$3.5

Trading platform

MT4, MT5

MT4, MT5

Suitable for

Beginner to intermediate-level traders

Advanced and high-frequency traders

The Standard account is perfect for traders who want to experience higher spreads but pay no commission, while the Pro account ensures the lowest possible spreads.

Switch Markets also offers a Demo account with key features and benefits, including:

  • Practice in a risk-free environment
  • Test trading strategies before going live
  • Access to all features of live accounts

Muslim traders can also use Switch Markets trading services since this broker offers an Islamic account compliant with Sharia laws.

Pro and Standard accounts are also available on institutional grade with a minimum deposit requirement of $25,000.

  • Institutional Standard: $25,000 minimum deposit, spreads from 0.6 pips, no commission
  • Institutional Pro: $25,000 minimum deposit, raw spreads from 0.0 pips, $5.50 commission

Switch Markets Advantages and Disadvantages

Let's weigh the pros and cons of trading with Switch Markets:

Advantages

Disadvantages

High leverage options (1:1000)

Relatively new broker

Competitive spreads on Pro account from 0.0 pips

Not available to US citizens

MT4 and MT5 trading platforms

Higher-than-average spreads on the Standard account

Over 1000 tradable instruments

No tier-1 regulation

Switch Markets Broker Registration and Verification

Switch Markets offers a structured onboarding process for individual and corporate traders, ensuring alignment with regulatory requirements through complete identity, residency, and financial disclosure. Steps to Switch Markets registration:

#1 Access the Signup Page

Click on "Create Live Account" on the Switch Markets website to begin the registration.

#2 Personal Information & Account Type

Fill out the application form with the following details:

  • Name
  • Email
  • Phone number
  • Country

Choose between an Individual or Corporate account and accept the terms.

Switch Markets Registration
Opening an account on Switch Markets requires an email address and a phone number

#3 Birth & Citizenship Details

Enter your date of birth, nationality, tax residency, and indicate whether you're a US citizen.

#4 Residential Address

Provide your full physical address, including:

  • City
  • Postcode
  • Street details

#5 Financial & Occupational Information

State your employment status, annual income, and planned deposit size to comply with risk profiling requirements.

Switch Markets Sign Up
You should declare your source of funds before registering with Switch Markets

#6 Investment Background

Detail your education level, trading purpose, and experience in financial markets.

#7 Email Verification

Choose the “Verify Now” option, click the confirmation link sent to your inbox, and complete your registration.

#8 Upload Supporting Documents

Navigate to the profile menu through the client dashboard, initiate the Switch Markets verification process, and provide supporting documents, including:

  • Proof of Identity: Passport or Driver's license
  • Proof of Residency: Utility bill or Bank statement

Switch Markets Supported Trading Platforms

Switch Markets provides both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, accessible via desktop, web, and mobile.

MT4 remains a trader favorite for its simplicity, reliability, and large support community, while MetaTrader 5 offers a more advanced interface with additional order types, economic calendar integration, and deeper analytical capabilities.

Mobile trading is fully supported on iOS and Android, allowing seamless access to full account functionality and real-time trading while on the move. Here are the download links:

Switch Markets MT5 trading platform features
Switch Markets offer MT5 with 6 key features for Forex traders

Both platforms are also available on desktop and web browsers, ensuring you can trade on the go. TradingFinder has developed a wide range of MT4 and MT5 indicators that you can use for free.

Switch Markets Broker Trading Fees (Spreads and Commissions)

Switch Markets offers competitive pricing across its account types:

  • Standard Account: No commission, spreads from 1.4 pips
  • Pro Account: Spreads from 0.0 pips, $3.5 commission per trade
Switch Markets Pro account spreads
Switch Markets offers ultra-low spreads on Forex instruments in the Pro account

Other fees in Switch Markets broker:

  • Standard Swap/over-night fees
  • No inactivity fee
  • No deposit/withdrawal fees (except for cryptocurrencies)

Switch Markets Deposit & Withdrawal Methods

The broker offers a variety of payment methods, from bank wires to crypto and e-wallets, to cater to a global client base. Switch Markets deposit & withdrawal options:

Payment method

Withdrawal processing time

Visa and MasterCard

Within 1-5 business days

Bank Wire Transfer

Within 3-5 business days

Neteller

Nearest working day

Skrill

Almost instant

Fasapay

Almost instant

Perfect Money

Almost instant

Cryptocurrencies

Almost instant

Union Pay

Nearest working day

Key features of their payment system include:

  • No fees charged by Switch Markets for deposits or withdrawals, except 0.08% for crypto deposits
  • Fast processing times
  • Minimum deposit of $50
  • Multiple base currencies supported
Switch Markets deposit methods
Switch Markets offers various deposit and withdrawal methods for traders convinience

Switch Markets Broker Copy Trading & Investment Options

Switch Markets Forex broker offers copy trading and algo trading options:

  • Social Trading: Allows to follow and replicate the strategies of experienced and successful traders. Gain insights, minimize risk, and enhance your trading by copying their proven methods in real-time;
  • Algo Trading: Enables you to execute automated trading strategies, removing the need for manual intervention. By utilizing pre-programmed algorithms, you can efficiently trade 24/7 and capitalize on market opportunities with precision and speed.

These features allow both novice and experienced traders to diversify their trading approach and potentially improve their results. Switch Markets also offers a PAMM account, but there is no information available about how it works or the associated fees.

Switch Markets Broker Instruments & Symbols

Switch Markets provides access to over 1,000 tradable instruments across five asset classes, from the Forex market to shares and indices.

  • Forex: 60+ currency pairs, including majors, minors, and exotics
  • Indices: 26 global indices, such as FTSE 100, Nasdaq 100, and Nikkei 225
  • Stocks: 1,000+ share CFDs covering top names like Amazon, Facebook, and Twitter
  • Commodities: 15 trading pairs on metals and energies like gold, silver, oil, and natural gas
  • Cryptocurrencies: CFDs on 41 popular digital assets, such as BTC, ETH, LTC, and XRP

This wide array of markets empowers traders to broaden their portfolios and seize opportunities across various asset classes, maximizing potential and minimizing risk.

Bonuses and Promotions in Switch Markets

Switch Markets occasionally offers promotional bonuses to attract new clients and reward existing ones. These bonuses are currently available on the Switch Markets website:

  • Free VPS: A special hosting server for Forex traders to run their algorithms and trading robots;
  • Free Risk Management EA: Effectively manage your Forex trading risk with Switch Markets Risk Management Expert Advisor;
  • Affiliate Program: Join the Switch Markets affiliate program to earn commissions by referring new traders to the platform.

Unfortunately, Switch Markets does not currently offer a deposit bonus, but it may be available soon.

Switch Markets Broker Support

Switch Markets offers responsive customer support through live chat, email, WhatsApp, and social media platforms. Support is available five days a week during business hours.

Clients can ask questions even before account registration, providing accessible help for prospective users. However, 24/7 support and direct phone lines are not available.

  • Live Chat: Available 24/7 for quick queries
  • Email Support: support@switchmarkets.com
  • WhatsApp: Scan the QR code on the Contact Us page to connect with Switch Markets’ WhatsApp support

Switch Markets Restricted Countries

While Switch Markets serves global clients, they are unable to provide services to residents of certain countries due to regulatory restrictions. These include:

  • United States of America
  • Iran
  • Yemen
  • North Korea
  • Cyprus
Switch Markets broker restricted countries
Switch Markets doesn’t offer its services to the residence of USA, Iran, Yemen, North Korea, and Cyprus

Traders from these countries should seek alternative brokers that are licensed to operate in their jurisdictions.

Switch Markets Trust Scores On Review Websites

The broker has garnered positive reviews from traders, evident in the high Switch Markets TrustPilot score:

  • Trust score: 4.7 out of 5
  • Total number of reviews: Over 480
Switch Markets Trustpilot score
Switch Markets has gained an impressive 4.7 stars with positive reviews on its trading services

Key points from user reviews:

  • Fast and reliable trading platform
  • Exceptional customer support
  • Quick account setup process
  • Appreciation for free VPS and risk management tools

The consistently high ratings and positive feedback suggest that Switch Markets is delivering on its promises to clients.

Switch Markets Educational Resources

Switch Markets offers a range of educational resources to support traders:

  • Comprehensive trading guides
  • Video tutorials on platform usage
  • Regular market analysis and insights
  • An economic calendar for tracking important events
  • Risk management tools and calculators
  • A free VPS with 1ms latency is offered to support algorithmic trading with minimal slippage

These resources cater to traders of all levels, from beginners learning the basics to experienced traders refining their strategies.

You can also check TradingFinder's Forex education and crypto tutorial sections for additional resources.

Switch Markets Comparison Table

The table below provides a detailed comparison between Switch Markets and the top forex brokers:

Parameter

Switch Markets Broker

IC Markets BrokerXM BrokerLiteForex Broker

Regulation

SVGFSA

FSA, CySEC, ASICASIC, FSC, DFSA, CySECCySEC

Minimum Spread

From 0.0 pipsFrom 0.0 PipsFrom 0.6 PipsFrom 0.0 Pips

Commission

From $0.0

From $3$0 (except on Shares account)From $0.0

Minimum Deposit

€40

$200$5$50

Maximum Leverage

1:1000

1:5001:10001:30

Trading Platforms

MT4, MT5

Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets MobileMT4, MT5, Mobile AppMetaTrader 4, MetaTrader 5, Mobile Proprietary App

Account Types

Standard, Pro

Standard, Raw Spread, IslamicMicro, Standard, Ultra Low, SharesClassic, ECN, Demo

Islamic Account

YesYesYesNo

Number of Tradable Assets

1,000+

2,250+1400+N/A

Trade Execution

Market

MarketMarket, InstantMarket

TF Expert Suggestion

Switch Markets has gained quite a reputation and received a 4.7/5 score on the Trustpilot website (from over 450 reviews).

Yet, the broker’s higher-than-average spreads on the Standard account (1.4 pips), low leverage options (maximum 1:30), and unavailability in various countries, such as the USA and Cyprus, prevent it from reaching its full potential.

FAQs

Is Switch Markets a regulated broker?

Yes, Switch Markets is regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA).

What is the minimum deposit for Switch Markets?

The minimum deposit is €40.

Does Switch Markets offer a demo account?

Yes, they provide a free demo account for practice

What account types are available?

Switch Markets offers two account types: Standard (no commission) and Pro (0.0 spread + $3.5 commission), suited for beginner and advanced traders.

What is the maximum leverage available?

Switch Markets offers leverage up to 1:1000, one of the highest in the industry.

What trading platforms are supported?

The broker supports MetaTrader 4 and MetaTrader 5 on desktop, web, and mobile.

What assets can I trade with Switch Markets?

Trade over 1,000 instruments: Forex, indices, shares, crypto, and commodities.

Is copy trading available?

Yes, social and algorithmic trading features are available, including copy trading and PAMM options.

Are there any deposit or withdrawal fees?

No fees, except 0.08% for crypto deposits; processing is almost instant to 5 days depending on method.

What payment methods are accepted?

Switch Markets accepts bank wire, credit cards, PayPal, Neteller, Skrill, crypto, and several local payment options.

Which countries are restricted?

Residents from USA, Iran, North Korea, Cyprus, Yemen and others are not accepted.

What promotions are available?

The broker offers free VPS, Risk Management EA, and an affiliate program; no deposit bonus currently.

How can I verify my account?

Upload proof of ID and residency, like passport and utility bill, via the client dashboard.

How can I register with Switch Markets?

Click “Create Live Account”, fill in personal, financial, and trading background details, and complete email & KYC verification.

What are institutional account conditions?

Institutional Pro and Standard accounts need $25,000 deposit, offer lower spreads and higher execution quality.

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