Switch Markets -Overview of Minimum Deposit, Leverage, Spreads

Switch Markets was founded by Switch Markets International PTE Ltd in 2018 in Australia. It provides various trading assets, like Forex, Indices, Digital Currencies, Commodities and CFD Shares with leverage up to 1:500 and spread from 1.4 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is just $50. However, it is not regulated currently.

Pros and Cons

Is Switch Markets Legit?

The regulation of Switch Markets is revoked. The licensed institution SWITCH MARKETS PTY LTD is different from the company Switch Markets International PTE Ltd. Besides, its license type and email address both are different from the broker.

What Can I Trade on Switch Markets?

Account Type

Switch Markets offers two accounts types: Standard and PRO. It also offers demo accounts and Islamic accounts. Please be aware that inactive demo accounts are deactivated after 45 days of inactivity.

Leverage

Switch Markets' leverage is up to 1:500 for both account types. High leverage brings not only high profits but also high losses.

Spread and Commission

Trading Platform

Deposit and Withdrawal