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.
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
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.
Trading Platforms
Mobile Trading
✓ (MT4 mobile app for iOS/Android).
Web Trader
✓ (MT4 WebTrader).
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.
