Switch Markets Review

Switch Markets is a regulated forex broker that offers forex trading with very low spreads starting from zero pips, 0% commission and no hidden costs. They allow clients to trade with leverage up to 1:500 on hundreds of instruments across global markets including Forex, Stocks, Commodities and more. The Switch Markets trading environment offers flexible trading conditions and competitive pricing plans for traders around the world. It is ideal for ambitious traders of all markets who demand the best possible trading conditions. You can choose a trading account to suit your needs and start trading in minutes with a minimum deposit of just $50. Free demo accounts are also available to practice your trading strategies risk-free.

Tight spreads can make the difference. Switch Markets have a range of diverse liquidity providers to help ensure that their spreads remain tight around the clock. Whatever you’re trading, they know that every penny matters. That’s why they are all about low spreads and transparent pricing.

Switch Markets have fast order executions, with average execution speeds of under 76ms. This means that your trades can be placed at the best available prices with minimal delays. The broker provides the popular MetaTrader 4 platform along with a generous selection of free trading tools. They even have a free forex VPS for new clients, with no minimum trading volume required.

Since 2019 Switch Markets has grown steadily into one of the fastest evolving brokers and is now trusted by clients all around the world. Today, they are a successful team of just under 100 members, scattered around 21 countries across the globe. They have a vision for a better future for all traders, focusing on solving problems and creating better trading conditions for all traders and investors, regardless of their experience or investment size.

Switch Markets Review Introduction

In this Switch Markets review, we will look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, useful trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Switch Markets.

Switch Markets Trading Instruments

With Switch Markets the Global markets are right at your fingertips, you can trade and invest in over 180+ tradable instruments today. With Switch Markets, there’s always a market to trade. Any time, any day, without any exceptions.

  • 60+ FX currency pairs
  • 21 Indices
  • 86 CFD Shares
  • 8 Commodities
  • 6 Cryptos

Forex Trading

Gain access to the world’s largest and most liquid financial market. With over $6.6 trillion in traded volume daily, the Forex market far surpasses any other exchange-based market.

Switch Markets offers competitive spreads across the board for all foreign exchange pairs. Tight spreads combined with lightning-fast execution times and deep liquidity can make Switch Markets one of the best choices in the brokerage market for some traders.

  • Lightning-fast order execution
  • Leverage up to 1:500
  • Deep liquidity for over 60+ currency pairs
  • Spreads as low as 0.0 pips
  • No hidden fees
  • Friendly, expert support available 24/5 via live chat

Commodities Trading

Open an account with Switch Markets and access a wide range of commodities today, including metals, energies, agricultural and more.

Metals

Precious metals instruments offer an opportunity to capitalize on the supply and demand of some of the world’s most traded precious metals including as gold and silver.

Energies

The energy market is extremely popular amongst traders as it has great influence on many industries including farming and transport as well as the overall economy worldwide.

  • Wide range of commodities
  • Leverage up to 1:50
  • Fast order execution
  • Friendly, expert support available 24/5 via live chat
  • No hidden fees

Trade Indices

Trade the world’s most liquid stock exchange Indices such as the UK 100, Wall Street and Germany 30 with a regulated broker. Indices are assets that are grouped together and represent the collective price performance of a number of shares, specific sectors of a market or a whole market.

  • Fast order execution
  • Leverage up to 1:200
  • No hidden fees
  • Friendly, expert support available 24/5 via live chat

Shares Trading

Predict the performance of global giants such as Facebook, Tesla, Netflix and 86 other international shares. Buy in bulk or just a fraction with low commission.

  • Fast order execution
  • Leverage up to 1:20
  • 86 Stocks
  • Low capital requirement
  • No hidden fees
  • Friendly, expert support available 24/5 via live chat

Digital Currencies

Access one of the youngest markets available with a fully authorized and regulated broker. Trade some of the most popular digital currencies including Bitcoin, Ethereum and Litecoin.

  • Fast order execution
  • Leverage up to 1:3
  • Friendly, expert support available 24/5 via live chat
  • No hidden fees

Switch Markets Trading Platforms

With Switch Markets you have the opportunity to trade on the award-winning MetaTrader 4 platform. All you need to do is hit the download button and you’ll be trading in no time. It’s one of the world’s most downloaded and used trading platform. MT4 is easy to use, packed with awesome features and allows automated trading.

Switch Markets MT4 Platforms
Switch Markets MT4 Platforms

MetaTrader 4

MetaTrader 4 has been dominating the trading platform game for a long time now. And there’s a good reason for it. It’s industry’s standard across the board. You will have a hard time finding a broker that does not support this platform. MT4 is used by forex traders all over the globe.

Whether you trade at home on your computer or on the go on your phone or tablet, MetaTrader 4 has you covered! Switch Markets offer a trading app for all devices, including a powerful and intuitive WebTrader for when you need to log in using a browser and don’t want to install any additional software.

Do you trade using an Expert Advisor? No problem! MetaTrader 4 fully supports expert advisors (EAs) and automated trading. Simply plug your robot trader into the terminal, sit back, and enjoy the hassle-free trading experience.

Some of the key MT4 features include the following:

  • One of the most popular trading platforms in the world
  • User-friendly trading platform
  • Desktop trading
  • Mobile app for iOS & Android
  • WebTrader
  • Automated trading
  • One-Click trading
  • Various chart types
  • Multiple timeframes
  • Plenty of technical indicators
  • Drawing tools
  • In-depth market analysis
  • Price alert notifications
  • Automated trading with expert advisors
  • Customized trading tools
  • Trading signals
  • Marketplace for additional tools, signals and EAs

Switch Markets Trading Tools

In addition to the plethora of trading tools already included within the MetaTrader platform, clients can gain access to a wide range of free and premium trading tools needed to trade the markets. This includes a Forex Economic Calendar, Support & Resistance EA (MT4) and Forex VPS. Open an account with Switch Markets and get access to a number of advanced trading tools including the following:

Switch Markets VPS

You can choose to host your Expert Advisors on the in-house Switch Markets VPS. This is an ideal solution for algo traders who can trade with 1ms latency and run automated trading systems around the clock remotely. When your live account is approved, you’ll receive a free VPS.

  • Hosted in Equinix DC
  • MetaTrader 4 pre-installed
  • Free with all live account types
Switch Markets Forex VPS
Switch Markets Forex VPS

Social Trading

MetaTrader Trading Signals is a copy-trading solution that allows traders to copy the most successful strategies from thousands of traders from all over the world. Traders and investors can copy their trades from as many Signal Providers as they like at the same time. There is no cap on the maximum number of Master Accounts a trader can follow. Lean on other traders’ skills and experience to try and boost the performance of your own trading. Let your money work while you still learn, practice or whilst on vacation.

  • Diversify your portfolio by copying multiple strategies
  • Low subscription fees starting from as low as $0
  • Subscribe to some of the best Signal Providers in just a few clicks
  • No paperwork or negotiations

Just keep in mind that past results are not an indication of future performance. There is no guarantee on how good or bad the signals will be. Make sure you are aware of the significant risks involved with trading online and never risk more than you can afford to lose.

Switch Markets Social Trading Signals
Switch Markets Social Trading Signals

There are numerous different indicators that can help you when choosing which accounts to follow on a social trading platform. These include profitability, active account duration, maximum drawdown & more.

Profitability: One of the most important indicators to check is Profitability. Make sure you review the Signal Provider’s past trading records and assess how profitable they are based on past performance.

Active Account Duration: Another important indicator one should pay attention to is checking how long the provider’s account has been active for, and how long the trading account has been earning profits. You can see all signal providers’ account statistics through their account activity.

Maximum Drawdown: Next, make sure you check the provider’s maximum drawdown in relation to the profit of their account. This will allow you to determine the aggressiveness of their strategy.

There are also many other factors that a trader should watch out for. These include percentage of profitable trades, percentage of losing trades, profit rate, and more.

Switch Markets Social Trading
Switch Markets Social Trading

You can choose from a wide variety of Signal Providers, offering a wide variety of trading strategies. Signal providers follow trading styles including scalping, swing trading, and trend following just to name a few.

It is important you make sure that the signals provided by the trading signals provider align with the style and method that you are comfortable and familiar with.

Otherwise, when trading begins, unfamiliarity may lead to a level of discomfort that may cause an inexperienced trader to deviate from the Forex signals, and potentially result in unnecessary trading losses and traders losing money rapidly.

Forex Profit Calculator

Calculate potential profits and losses before or after executing a trade with the free Forex Profit Calculator.

Forex Lot Size Calculator

Use the simple yet powerful Forex Lot Size Calculator to calculate the exact position size for each trade and manage your risk per trade like a pro.

Forex Economic Calendar

Access the free economic calendar and explore key global events on the horizon that could subtly shift or substantially shake up the financial markets.

Currency Strength Meter

Compare the performance of major currencies relative to others in real-time with the advanced Currency Strength Meter.

Switch Markets Live Currency Strength Meter
Switch Markets Live Currency Strength Meter

Market Heat Map

Measure the strength of major currencies relative to others in real-time and quickly and easily determine when a currency is moving strongly in one direction or another.

CAGR Calculator

Calculate the Compound Annual Growth Rate (CAGR) of your investments with the easy-to-use CAGR Calculator.

Forex Compound Calculator

Use the Forex compound calculator and simulate the profits you might earn on your Forex trading account.

Value at Risk Calculator

Use the Value at Risk Calculator to estimate possible losses.

Pivot Point Calculator

The advanced Pivot Point calculator can identify significant daily, weekly, and monthly support and resistance price levels on your chart. Due to its predictive qualities, Pivot Points are considered to be one of the leading indicators on the market. With the advanced calculator, you can skip the math and jump straight into the fun part and trade pivot points.

Switch Markets Pivot Point Calculator
Switch Markets Pivot Point Calculator

To use the Pivot Point Calculator, just enter the previous day high price, previous day low price, previous day open price and previous day close price. Once you’ve entered the previous period’s data, click ‘Calculate’ and the Pivot points calculator will determine the pivot point levels (or pivot point price) for you.

Switch Markets EAs

Automate your trading with the brokers advanced EA’s specifically designed by their trading mentors with over 50 years’ experience to help improve your chance of trading success as well as your overall trading experience.

Support & Resistance Indicator EA [MT4]

The Support & Resistance Expert Advisor for MetaTrader 4 is an automated trading system designed to help traders spot the Support & Resistance levels by drawing them on the charts as horizontal lines.

Live Currency Strength Meter EA [MT4]

The Live Currency Strength Meter for MetaTrader 4 is an automated trading system developed to identify the strength (or weakness) of various currencies relative to others in real time directly inside of your trading platform.

Value-at-risk (VAR) EA

Download the Value-at-risk (VAR) EA and measure the risk of loss for the positions you hold. Calculate your potential losses with confidence at just a click of a button.

Switch Markets Value-at-risk (VAR) EA
Switch Markets Value-at-risk (VAR) EA

Risk Management EA

Download the Risk Management EA and calculate the exact lot size based on your desired risk-reward ratio directly inside of your trading terminal.

If you want to be a successful forex trader you need to manage your risk with every single trade. This tool will do all the hard work for you and help you calculate the exact lot size based on your desired risk-reward ratio.

Switch Markets Research & Education

Switch Markets have a collection of trading guides to help you improve your trading skills and knowledge. This shows that the broker cares about their clients and wants to make sure that they have the educational resources required to help them make informed trading decisions.

Forex Cheat Sheet Library

Unlock a free library of trading cheat sheets and learn more about chart types, strategies, indicators, market analysis, and more.

  • Easy-to-follow trading education
  • Produced by experienced traders
  • Free to download and printable PDF format
  • Suitable for traders of all levels
Switch Markets Forex Cheat Sheets
Switch Markets Forex Cheat Sheets

HowToTrade

Switch Markets have partnered with HowToTrade.com to provide traders with an opportunity to access quality education. You can learn with HowToTrade.com by following their self-paced trading lessons suitable for traders of all levels. Just like the team at Switch Markets, HowToTrade believe that it’s important to make informed decisions.

  • Educational resources for Forex & Stock traders
  • 50+ free online trading lessons
  • Interactive quizzes
  • Learn at your own pace
  • Track your progress and success
  • See what’s hot and what’s not in the market with up to five daily live streams
  • Discuss your trade ideas with a community of traders
  • Continue learning with 326 hours of easy-to-follow video lessons
  • Direct message experienced mentors if you need some help
  • Discuss your trading path on a 1 on 1 with one of the mentors
Switch Markets HowToTrade
Switch Markets HowToTrade

Switch Markets Trading Accounts

Switch Markets have both regular and institutional trading accounts. You can choose from the different account types depending on your needs, such as investment size, spreads, commission and additional account benefits. The account type that you do opt for, may depend on your trading strategy. Forex traders who are using scalping strategies may need the account with the zero spreads and small commission fee. On the other hand, forex traders who are swing trading and holding positions for a longer period of time may not be so concerned with the forex spreads.

Regular Accounts

These account types are recommended for deposits from $50 to $24,999.

Regular Standard Account

Suitable for Day traders, trend followers, scalpers, EA traders, High-frequency and Discretionary traders.

  • Spreads as low as 1.4
  • No commission
  • Free VPS (worth $497)
  • Leverage up to 1:500
  • MT4 platform
  • Minimum deposit of $50
  • Account currency: USD EUR AUD GBP CAD NZD SGD CHF PLN

Regular Pro Account

Suitable for Day traders, trend followers, scalpers, EA traders, High-frequency and Discretionary traders.

  • Spreads as low as 0.0
  • Starting from $7 USD Commission
  • Free VPS (worth $497)
  • Leverage up to 1:500
  • MT4 platform
  • Minimum deposit of $50
  • Account currency: USD EUR AUD GBP CAD NZD SGD CHF PLN

Institutional Accounts

These account types are recommended for deposits over $25,000.

Institutional Standard Account

Suitable for Day traders, trend followers, scalpers, EA traders, High-frequency and Discretionary traders.

  • Spreads as low as 0.6
  • No commission
  • Free VPS (worth $497)
  • Leverage up to 1:500
  • MT4 platform
  • Minimum deposit of $25,000
  • Account currency: USD EUR AUD GBP CAD NZD SGD CHF PLN

Institutional Pro Account

Suitable for Day traders, trend followers, scalpers, EA traders, High-frequency and Discretionary traders.

  • Spreads as low as 0.0
  • Starting from $5.5 USD Commission
  • Free VPS (worth $497)
  • Leverage up to 1:500
  • MT4 platform
  • Minimum deposit of $25,000
  • Account currency: USD EUR AUD GBP CAD NZD SGD CHF PLN

Demo Accounts

Switch Markets have free demo accounts which allow you to practice your trading strategies online without any risk. They come preloaded with virtual funds and can be a great way to get used to using the brokers platforms and to try out their services without making a financial commitment. You may switch over to a real live account at any time, should you feel comfortable in doing so.

The demo account access is not restricted to a set number of days, your demo account with Switch Markets is yours forever. Please be aware that inactive demo accounts are deactivated after 45 days of inactivity.

If you are completely new to trading, want to practice your skills, mindset or discipline, then the Switch Markets Demo Account is perfect for you.

  • Trade in a real environment, with real-life prices, without any risks
  • Deposit from 1,000 up to 100,000 without risking your own money
  • Trade using MetaTrader 4 (MT4)
  • Learn as you trade.
  • Apply all indicators supported in MT4
  • Put your trading knowledge and strategy to test

Islamic Account

If you are a trader of Islamic faith then the Sharia-compliant Switch Markets Islamic Account is made just for you. It has no deposit fee, no interest or swap charges for the first five days and no commissions on trades beforehand.

Switch Markets Account Funding

At Switch Markets, they believe that all traders are entitled to a fast, hassle-free experience when it comes to your funds. For that reason, they offer near-instant deposits, fast withdrawals and no deposit fees.

When you make a deposit into your trading accounts, the commission is always 0% as they cover any applicable fees. The average processing time is 1 min 02 seconds. You can deposit funds in 11 major currencies including USD, AUD, GBP, EUR & CAD. When making a deposit in the same currency as your account, you will not need to pay any currency conversion fees. The minimum deposit required is just $50. There is a great selection of deposit options. You can deposit your funds using Bank Transfer, Credit Card, e-Wallets and Crypto.

Withdraw your funds almost instantly and without any hassle through any of the supported methods. Processing a withdrawal usually takes 3-5 business days. When you decide to withdraw funds from your trading account, the fees are up to 2%. The amount you’re going to withdraw needs to be enough to cover any processing fees. Switch Markets enable clients to withdraw or convert their money into 19 account currencies. These include: EUR, GBP, USD, CHF, AUD, SGD, VND, CNY, PLN, IDR.

Switch Markets Deposit & Withdrawal
Switch Markets Deposit & Withdrawal

Switch Markets Customer Service

Switch Markets customer support is available 24/5 and can be reached via live chat, email and various social media channels.

Switch Markets Regulation

Switch Markets is regulated by leading regulatory bodies worldwide. Switch Markets International PTE Ltd (202040285G) is an authorized representative of Royal ETP LLC. The Australian entity of Switch Markets is regulated by the Australian Securities and Exchange Commission (ASIC).

Safety is on top of Switch Markets list when it comes to dealing with money. They want clients to be able to deposit money with a complete peace of mind.

  • Robust security measures to ensure your money is as safe and secure
  • Switch Markets must follow all relevant regulations, requirements and laws
  • Switch Markets is registered with relevant regulatory institutions

All the funds Switch Markets receive from clients are securely held in segregated funds accounts with tier one banks. All is done in accordance with the Rules and Regulations of the jurisdiction the clients chose to open an account with.

Switch Markets FAQ

What is the Switch Markets minimum deposit?

With Switch Markets you can open a live trading account with as little as $50.

Where is Switch Markets based?

Switch Markets is based in Australia and Saint Vincent and the Grenadines.

When was Switch Markets founded?

Switch Markets were founded in 2019.

What are the Switch Markets platforms?

Switch Markets provide the user-friendly MT4 platforms for web, desktop and mobile devices.

What trading instruments do Switch Markets have?

With Switch Markets you can trade CFDs on forex, stocks, commodities, indices and cryptos.

What are the Switch Markets deposit and withdrawal options?

You can make deposit and withdrawals via bank transfer, card, cryptos and various e-wallets.

What is the Switch Markets leverage?

Switch Markets maximum leverage is 1:500.

What is the Switch Markets commission fee?

Switch Markets have commission free accounts with a spread mark-up or charge a commission fee of $5.5 – $7 depending on the account type you opt for.

What are the Switch Markets spreads?

Switch Markets have variable spreads starting from 0.0 pips.

Does Switch Markets offer demo accounts?

Yes, Switch Markets demo accounts are available free of charge.

Does Switch Markets offer Islamic accounts?

Yes, there is the option of a swap free Islamic account for Muslim traders.

Does Switch Markets allow scalping, hedging, news trading, and automated trading?

Switch Markets do not impose any restrictions on your trading strategies.

Does Switch Markets charge an inactivity fee?

You will not be charged anything for keeping your account open even if you do not trade.

Is Switch Markets regulated?

Yes, Switch Markets is regulated in multiple jurisdictions.

Switch Markets Summary

Switch Markets are one of the best forex brokers available in my humble opinion. They have tight spreads from 0.0 pips, competitive pricing structures, deep liquidity and 24/5 support. This makes them a great choice for any trader serious about their success. You can trade various markets with good trading conditions on the user-friendly MT4 platforms across all of your devices. The broker also offers a Free VPS with all live accounts and some very helpful trading tools. Switch Markets can be ideal for ambitious traders of all markets who demand fast execution speeds and low spreads without any hidden costs.

It is worth mentioning that some of the trading products and services in this Switch Markets review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Switch Markets broker website, which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. It would be best if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Switch Markets

8.8

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

8.0/10

Features

  • 180+ tradable instruments to choose from
  • 0% commission & no hidden costs
  • Lightning-fast order execution
  • Leverage up to 1:500
  • Near-instant deposits & Fast withdrawals
  • Spreads from 0.0 pips
  • Popular MT4 (MetaTrader 4) platforms
  • High privacy and security standards
  • No trading restrictions
  • 24/5 multilingual customer support