Switch Markets -Overview of Minimum Deposit, Leverage, Spreads
Extracto：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.
| Switch Markets Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Australia |
| Regulation | ASIC (Revoked) |
| Market Instruments | Forex, Indices, Digital Currencies, Commodities and CFD Shares |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.4 pips (Standard account) |
| Trading Platform | MT4/5 |
| Min Deposit | $50 |
| Customer Support | 24/5 live chat, contact form |
| Email: support@switchmarkets.com | |
| WhatsApp, WeChat, Twitter, Facebook, and Instagram | |
| Social media: X, Facebook and Instagram | |
| Regional Restrictions | Yemen, US, Iran, North Korea |
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
| Pros | Cons |
| Various trading assets | Revoked ASIC license |
| Demo and Islamic accounts offered | Regional restrictions |
| Commission-free account offered | |
| Popular trading platform MT4/5 | |
| Low minimum deposit | |
| Multiple payment options | |
| 24/5 live chat support |
Is Switch Markets Legit?
| Regulatory Status | Revoked |
| Regulated by | Australia Securities & Investment Commission (ASIC) |
| Licensed Institution | SWITCH MARKETS PTY LTD |
| Licensed Type | Appointed Representative (AR) |
| Licensed Number | 001283063 |
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?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Digital Currencies | ✔ |
| Commodities | ✔ |
| CFD Shares | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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.
| Account Type | Min Deposit |
| Standard | $50 |
| PRO | $50 |
Leverage
Switch Markets' leverage is up to 1:500 for both account types. High leverage brings not only high profits but also high losses.
| Asset Class | Max Leverage |
| Forex | 1:500 |
| Indices | 1:200 |
| Commodities | 1:50 |
| Share CFDs | 1:20 |
Spread and Commission
| Account Type | Spread | Commission |
| Standard | From 1.4 pips | ❌ |
| PRO | From 0.0 pips | $3.5/lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Desktop | Beginners |
| MT5 | ✔ | Web, Desktop | Experienced traders |
Deposit and Withdrawal
| Payment Method | MinDeposit | Fee | Processing Time |
| Visa | $50 or base currency | ❌ | Within the nearest working day |
| Mastercard | |||
| Bank transfer | Within 3-5 business days | ||
| Digital currencies | 0.8% | Within the nearest working day | |
| Neteller | ❌ | Almost instant once processed | |
| Skrill | |||
| Fasapay | |||
| nganluong.vm | |||
| Perfect money | |||
| Pay trust88 | Within the nearest working day | ||
| Union pay | |||
| Interac | Within 3-4 business days | ||
| Dragonpay | Almost instant once processed | ||
| Vertupay |
leer más
IC Markets ¿Es seguro para los traders? Análisis 2024.
IC Markets Global es un broker de origen australiano que ha ganado popularidad en el mercado de divisas y contratos por diferencia (CFD). Fundado en 2007, este broker ofrece una amplia gama de instrumentos financieros y plataformas de trading, y es conocido por su enfoque en ofrecer condiciones competitivas para traders tanto principiantes como avanzados. En este análisis, revisaremos las características clave, la regulación, los tipos de cuentas y otras ventajas y desventajas de IC Markets Global.
IB agrega nuevas herramientas y características a la plataforma IBKR Desktop.
El principal operador de comercio electrónico Interactive Brokers ha anunciado actualizaciones de la plataforma de comercio de escritorio IBKR.
¡Más estafas por Telegram en LATAM! Inversor pierde todo su dinero.
Las estafas financieras en Telegram suelen iniciar con promesas tentadoras, como ganar dinero rápido dando likes en redes sociales. Sin embargo, detrás de esta oferta se ocultan fraudes que buscan explotar la confianza de las víctimas. Un caso reciente ilustra cómo un cliente fue persuadido a realizar depósitos crecientes, bajo la premisa de liberar fondos acumulados.
¿Libertex es seguro para los traders? Análisis 2024.
Libertex es un broker con más de 20 años de experiencia que ofrece trading en una amplia gama de activos como Forex, CFDs y criptomonedas. Está regulado por la CySEC, lo que le otorga un nivel de confianza y seguridad para los inversores. Su plataforma es intuitiva y permite el uso de MetaTrader 4 y 5, aunque las opiniones de los usuarios son mixtas.
Brokers de WikiFX
últimas noticias
Los precios del oro comienzan el nuevo año sin cambios.
WikiFXInteractive Brokers ¿Es seguro para los traders? Análisis 2025.
WikiFXXTB obtiene aprobación regulatoria en Indonesia y Emiratos Árabes Unidos.
WikiFX¿Siguen las estafas de Warren Bowie & Smith? Inversores no pueden retirar.
WikiFXComparta la experiencia de la industria y explore el mercado de divisas
WikiFXPepperstone ¿Es seguro para los traders? Análisis 2025.
WikiFXLa verdadera cara de GO4REX: Falta de Transparencia y Tácticas Abusivas.
WikiFXCálculo de tasa de cambio
