switchmarkets
Your Gateway to Global Trading
Trade Forex, Stocks, Indices and Commodities with competitive spreads
Key Broker Details
Quick Facts
Regulation
ASIC (Australia)
Country
Australia
Min. Deposit
$40.00
Spreads
From 0.0 pips (Pro/ECN); 0.6 pips average on Standard (EUR/USD).
Pros
What we like
- Tight spreads from 0.0 pips on Pro accounts with low $3.5–$7 commissions per lot
- High leverage up to 1:1000 for flexible trading strategies
- Free VPS with 1ms latency for all live accounts
- 100% deposit bonus up to $5,000
- Excellent Trustpilot rating (4.7/5 from 778+ reviews)
- Fast deposits and withdrawals with responsive support
- Islamic (swap-free) accounts available with no hidden fees
Cons
Areas for improvement
- Offshore SVGFSA regulation offers limited client protection
- No MetaTrader 5 (MT5) or cTrader support (MT4 only)
- Withdrawal fees of 0.5%–2% depending on method
- Support available only during business hours (no 24/7 service)
- Limited educational resources and no managed accounts or FIX API
- Services restricted in select countries
Broker Summary
Switch Markets is a trusted ASIC-regulated forex and CFD broker founded in 2019, offering over 1,000 tradable instruments including forex pairs, indices, commodities, shares, and cryptocurrencies. With lightning-fast execution, spreads from 0.0 pips, and leverage up to 1:1000, it's ideal for beginners and pros seeking low-cost, high-leverage trading. Enjoy free VPS hosting, MT4 platform support, and 24/5 multilingual customer service. Not available in the USA, Iran, Yemen, North Korea, or Cyprus. Client funds are segregated for maximum security.
Trading Platforms
Mobile Trading
✓ (MT4 mobile app for iOS/Android).
Web Trader
✓ (MT4 WebTrader).
Safety & Regulation
Capitalization
Privately held; backed by Royal ETP LLC (stable financial group with global operations). No public capitalization disclosed.
Insurance
Negative balance protection; excess insurance via Lloyd's of London for client funds (up to $1M per client on ASIC-regulated entity).
Licenses
ASIC License (Australian Securities and Investments Commission) for Switch Markets Pty Ltd. SVGFSA License No. 271 LLC 2020 for Switch Markets International PTE Ltd (authorized representative of Royal ETP LLC)
Jurisdictions
Australia (ASIC), St. Vincent and the Grenadines (SVGFSA). Note: ASIC provides strong protections for Australian clients; SVGFSA is lighter for international traders.
Trading Tools
Social Trading
Econ Calendar
Account Managers
Payments
GBP/EUR/USD supported; third-party fees may apply.
switchmarkets Overview
Comprehensive broker information and trading capabilities
Languages & Region
English, Spanish, Arabic, Chinese, Malay, Indonesian (multilingual support).
Australia
Pricing & Fees
Commission-free on Standard (spreads from 0.6 pips); $3.5–$7/lot on Pro (raw spreads from 0.0 pips). Swap fees apply; no inactivity fees.
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.
Trading Platforms
MetaTrader 4, WebTrader
Leverage
Up to 1:1000
Account Types
Standard Accounts, Islamic Account, ECN Accounts, Copy Trading Accounts, VIP Accounts, Raw Account
Customer Support
24/5 live chat, email, WhatsApp; highly rated for responsiveness (4.7/5 on Trustpilot).
Fund Security
VPS Hosting
switchmarkets Insights & Features
Discover what makes switchmarkets stand out with comprehensive tools and resources
News & Analysis
Market insights and analysis
Daily market updates, economic calendar, partner news feeds.
Top Feature
Standout platform feature
ree VPS Hosting with Ultra-Low Latency for Seamless Algo Trading
Research Tools
Advanced research capabilities
Market sentiment heatmap, correlation tools, autochartist integration.
Educational Resources
Learning materials and courses
Basic guides, webinars via HowToTrade partnership; forex calculators (10+ tools), but limited advanced courses.
switchmarkets Account Structure
Compare account types and features
switchmarkets Account Types
| Feature | Standard Account | Pro (Raw ECN) Account | Islamic (Swap-Free) Account | Institutional (VIP) Account |
|---|---|---|---|---|
| Minimum Deposit | $40 | $40 | $40 | $25,000 |
| Spreads | From 0.6 pips (avg. 0.9 pips on EUR/USD) | From 0.0 pips (avg. 0.2 pips on EUR/USD) | From 0.6 pips (Standard) or 0.0 pips (Pro) | From 0.0 pips (customized) |
| Commission | $0 (commission-free) | $3.5–$7 per lot (depending on volume) | Same as Standard/Pro | Custom (from $2.5/lot) |
| Leverage | Up to 1:1000 (varies by instrument/regulation) | Up to 1:1000 | Up to 1:1000 | Up to 1:500 (customizable) |
| Minimum Lot Size | 0.01 (Micro lots supported) | 0.01 | 0.01 | 0.1 |
| Swap Fees | Standard swap rates apply | Standard swap rates apply | None (swap-free) | Custom (swap-free available) |
| Account Currency | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP, custom options |
| Execution Type | STP (Straight Through Processing) | ECN (Electronic Communication Network) | STP or ECN (based on Standard/Pro) | ECN (priority execution) |
| Platform | MT4 (Desktop, Mobile, WebTrader) | MT4 (Desktop, Mobile, WebTrader) | MT4 (Desktop, Mobile, WebTrader) | MT4 + Custom API access |
| VPS Hosting | Free (1ms latency, pre-installed MT4) | Free | Free | Free + Dedicated server options |
| Copy Trading | Supported (via MT4 EAs) | Supported | Supported | Supported + Custom solutions |
| Negative Balance Protection | Yes | Yes | Yes | Yes |
| Deposit Bonus | Up to 100% ($5,000 max) | Up to 100% ($5,000 max) | Up to 100% ($5,000 max) | Custom bonuses (up to $50,000) |
| Account Manager | No | No | No | Yes (dedicated manager) |
| Ideal For | Beginners, casual traders | Scalpers, high-frequency traders | Muslim traders, long-term holders | High-net-worth traders, institutions |
| Availability | Global (excl. USA, Iran, Yemen, North Korea, Cyprus) | Global (excl. restricted countries) | Global (excl. restricted countries) | By application (global) |
| Regulation | ASIC (Australia), SVGFSA (Global) | ASIC, SVGFSA | ASIC, SVGFSA | ASIC, SVGFSA |
Trading Features & Conditions
Explore switchmarkets's comprehensive trading ecosystem
Max Leverage
Up to 1 : 1000 for many instruments.
Risk Management
They provide tools like free VPS, AlgoBuilder, Risk-Manager EA for funded traders.
Special Conditions
Dynamic leverage depending on instrument; free VPS; Islamic account; zero fees on deposits/withdrawals.
Frequently Asked Questions
No FAQs available for this broker.
