Switch Markets review - Trading instruments, Trading platforms, Broker features, and Traders ratings.

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Updated: Apr 4, 2024

What is Switch Markets?

Switch Markets is a forex broker with MT4 as their sole trading platform in PC, Mobile and Web version.

SwitchMarkets.com offers over 60 forex currency pairs, commodities, gold, silver, oil, indices, shares, bitcoin and other cryptocurrencies for your personal investment and trading options.

Please read Switch Markets Reviews below and share your live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $50
Established: 2020
Address: Unit 126, 117 Old Pittwater Road, Brookvale, NSW 2100, Australia
Contact: support@switchmarkets.com, +44 1902 943 383
Regional offices:
Regulators: ASIC #AFSL 420268
Prohibited countries:
Trading platforms: MT4
Web Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (60+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (95+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, FasaPay, Globe Pay, Neteller, Ngan Luong, PayTrust88, PerfectMoney, Skrill, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, FasaPay, Globe Pay, Neteller, Ngan Luong, PayTrust88, PerfectMoney, Skrill, UnionPay
* Please check broker website for more information

Recent User Reviews of Switch Markets

kuala lumpur, Malaysia,
Jan 31, 2023,
Registered user

Broker have A BIG ISSUES with client's Withdrawal.

Service use: Live Length of use: over 1 Year
i have been a client of this broker more than a year,
they giving me free VPS for me to trade , and 1 to one credit bonus,
but, the withdrawal take a long time to credit into my personal account.

based on my mt4 account 506530;
1st case, only 327 USD; requested on 25th Jan
it's take for 3 offices days for me to receives

2nd case, only 1585.28 USD; requested on 27th Jan.
still not received yet up until 4 office days.

the team representative asked me to direct asking for my local bank for pending floating amount to me,

but when i call my local bank they said, no existing floating amount towards my personal account.

the representative also always said the same answer just have to wait for the money to come without any further action or mitigation action being taken to solve the issues.

overall sum up,
VPS provides good,
credit bonus, 1:1 (no support floating)
spreads: good.
commission fee per lot. high charge, 7usd per lot
withdrawal: horrible
deposit: so fast..(so questionable here..)