Switch Markets Review 2021

Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.

Switch Markets is broker that provides access to 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
BonusNone
InstrumentsCFD, Forex, Crypto, Stocks
Demo Account
Min. Deposit$50
Min. Trade$1
Regulated ByASIC
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.

Leverage1:500
FTSE Spread1.2
GBPUSD Spread0.5
Oil Spread2.0
Stocks SpreadVariable

Forex Trading

Switch Markets offer 60+ currency pairs, including majors, minors and exotics.

GBPUSD Spread0.5
EURUSD Spread0.1
EURGBP Spread0.6
Assets60+

Cryptocurrency Trading

Switch Markets offers four cryptocurrencies with competitive fees.

SpreadVariable
CoinsBTC, 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?

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.