Switch Markets

Switch Markets

Trade Limitless with Switch Markets!
Get 24/5 support via phone & chat. No limits on instruments, leverage up to 1:500, and free VPS!
  • Wide range of financial instruments
  • Favorable trading conditions
  • User-friendly MT4 platform
  • Free VPS for live accounts
  • Supports social and automated trading
  • Not available in certain countries
  • Social trading may not suit everyone
  • Learning curve for beginners

Switch Markets is a dynamic CFD broker that provides UK investors with an expansive trading environment. Featuring access to the MetaTrader 4 platform and an array of over 180 instruments, Switch Markets positions itself as a significant player in the online trading arena. With perks like a free VPS and leverage peaking at 1:500, the broker aims to cater to both novice and experienced traders. This comprehensive review will delve into the offerings of Switch Markets, focusing on its services, fee structure, account types, and more, to determine its suitability for UK traders.

Minimum Deposit$50
Maximum LeverageUp to 1:500
Deposit OptionsCredit, Debit Card, PayPal, Bank Wire Transfer
Withdrawal OptionsOver 50 options including Credit Card, Crypto Wallet, and more
Time to WithdrawalInstant options, max 5 days
Availability of a Demo AccountYes✅
Year Founded2019
Headquarters LocationBrookvale, Australia
Trading Platform UsedMT4
Spreads0.2 EUR/USD
Commissions0.0 on Pro Account, from 1.4 on Standard account
Account Types OfferedStandard (no commissions), Pro (no spread)
Customer Support Availability24/5
Trading Instruments AvailableForex, Metals, Crypto, CFD, Indexes, Stocks
Web Trading OptionNo❌
Mobile Trading OptionYes✅
Number of Currency Pairs Offered62
CFDs AvailabilityYes✅
EA/Robots UsageYes✅
News Trading FeatureYes✅
Scalping PolicyYes✅
Copy Trading/Social Trading OptionsYes✅
List of Prohibited CountriesUSA, Japan, Iran, North Korea

Service Overview

Platform & Instruments
Switch Markets prides itself on offering MetaTrader 4, a renowned trading platform recognized for its advanced features and user-friendly interface. Traders have access to a broad spectrum of over 180 CFD instruments, covering major domains like forex, indices, shares, commodities, and cryptocurrencies.

  • Forex: Offers a diverse range of over 60 forex pairs.
  • Indices: Provides access to major indices such as FTSE 100, CAC 40, and S&P 500.
  • Equities: Enables trading in major US & European shares, including tech giants and blue-chip companies.
  • Commodities: Includes crucial commodities like Gold, Silver, and Oil.
  • Digital Currencies: Allows trading in major cryptocurrencies.

Despite its extensive offerings, the broker has limitations in stocks and digital currencies, which might not make it the first choice for those particular markets.

Fees Switch Markets implements a variable fee structure, with the Standard and Pro accounts offering different fee models:

  • Standard Account: Higher spreads but no commission for most assets.
  • Pro Account: Lower spreads with a fixed commission.
  • Swap Rates: Applicable, varying by asset.

While the broker’s fee structure is competitive, it’s noteworthy that fees on popular instruments are relatively higher compared to other brokers.

Accounts The broker offers two primary account types, Standard and Pro, both of which cater to a wide array of traders. Notable features include:

  • Minimum deposit of £40
  • Leverage up to 1:500
  • Micro lot trading
  • Islamic account options
  • Credit bonus up to £4,000
  • Free Virtual Private Server (VPS)
  • Automated trading support

Payment Options Switch Markets supports a variety of payment methods, with a focus on accommodating UK traders by offering GBP support. Notable methods include Visa, Mastercard, Bank Wire, Digital Currencies (Bitcoin, Ethereum), and e-wallets like Neteller and Skrill.

Trading Platforms The broker offers the MetaTrader 4 platform, acclaimed for its advanced features and user-friendly nature. The platform is available for download on multiple devices, including iOS and Android, ensuring traders can access the markets anytime, anywhere.

Additional Features

Switch Markets distinguishes itself with a range of additional features:

  • Education & Tools: Offers extensive educational resources and trading tools, including calculators and a free VPS.
  • Customer Service: Provides robust support through various channels like email, phone, and a comprehensive FAQ section.
  • Security: Ensures the security of client funds through stringent practices and regulatory adherence.


Switch Markets offers a comprehensive trading environment, especially for those valuing a wide range of instruments and educational resources. While the broker stands out with its platform offerings and additional tools, potential clients should weigh the higher fee structure and the lack of robust regulatory oversight from the FCA. For UK traders seeking extensive educational material and advanced trading tools, Switch Markets is a considerable option, though it’s advisable to consider all aspects, including fees and regulatory standing, before making a decision.


Q: Is Switch Markets Regulated? 

A: Switch Markets is regulated by the Australian Securities & Investments Commission (ASIC) and registered with St. Vincent & the Grenadines Financial Services Authority (FSA). However, it lacks FCA authorisation for UK traders.

Q: What Trading Platforms Does Switch Markets Offer? 

A: Switch Markets primarily offers the MetaTrader 4 platform, known for its advanced trading tools and user-friendly interface.

Q: Is Switch Markets Suitable for UK Traders? 

A: Switch Markets accommodates UK traders by supporting GBP and offering a variety of payment options. However, the lack of FCA authorisation may be a concern for some traders.

Q: Are There Any Bonuses Available at Switch Markets? 

A: Yes, Switch Markets offers a 100% credit bonus for new customers registering with the SVG FSA licensed entity, subject to terms and conditions.

Q: How Does Switch Markets Ensure the Security of Client Funds?

A: Switch Markets prioritizes the security of client funds through segregated accounts, regular audits, and adhering to regulatory standards set by ASIC and FSA.

For a complete review and comparison with other brokers, consider exploring further or visiting the official Switch Markets website.

Article Sources

  • Switch Markets Website
  • Switch Markets ASIC Licence
  • Switch Markets SVG FSA Licence – Registration Number 149

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Switch Markets
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