Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Switch Markets is broker that offers traders CFD, Forex, Cryptocurrency and Stocks. Switch Markets allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
Switch Markets also gives traders access to 4 cryptocurrencies: BTC, ETH, LTC and XRP.
Switch Markets is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
Switch Markets Summary
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Ratings
30%
Trust
66%
Instruments
85%
Features
Bonus
None
Instruments
CFD, Forex, Crypto, Stocks
Demo Account
✓
Min. Deposit
$50
Min. Trade
$1
Regulated By
ASIC
MetaTrader 4
✓
MetaTrader 5
✗
cTrader
✗
DMA Account
✗
ECN Account
✗
Mobile Apps
iOS & Android
Auto Trading
Yes - Equinix
Trade Signals
MT4
Social Trading
✓
Copy Trading
✓
Islamic Account
✓
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:500
FTSE Spread
1.2
GBPUSD Spread
0.5
Oil Spread
2.0
Stocks Spread
Variable
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
GBPUSD Spread
0.5
EURUSD Spread
0.1
EURGBP Spread
0.6
Assets
60+
Cryptocurrency Trading
Switch Markets offers four cryptocurrencies with competitive fees.
Spread
Variable
Coins
BTC, ETH, LTC, XRP
Payment Methods
Switch Markets accepts the following payment methods:
Perfect Money
FasaPay
Mastercard
UnionPay
Neteller
Debit Card
Skrill
Wire Transfer
Risk Warning – Your capital is at risk
FAQ
Is Switch Markets Safe?
In our review we gave Switch Markets a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that Switch Markets is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does Switch Markets Accept PayPal?
No, Switch Markets does not accept PayPal payments.
Is Switch Markets Halal?
Yes, Switch Markets does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Switch Markets support?
Switch Markets only supports the MetaTrader 4 trading platform at this time.
Is Switch Markets Regulated in the UK?
No, Switch Markets is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
Is Switch Markets Regulated?
Yes, Switch Markets is regulated by ASIC.
The fact that Switch Markets is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.
Switch Markets vs Other Brokers
If you want to compare Switch Markets with other brokers, use the detailed comparisons below.
Switch Markets vs
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
