Switch Markets -Overview of Minimum Deposit, Leverage, Spreads
摘要：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 |
相关阅读
【RockGlobal】全世界都在用的交易软件——MT4
从2000年发布的 FX图表起， MetaQuotes软件公司的创始人怎么也没料到，自己开发出来的一款软件竟然能在短短13年内风靡全球，甚至连后来的软件都受到了极大的限制。 这款传说中的机器就是迈达在2005年7月1日发布的MetaTrader4。
关于iOS端MT4与MT5使用重要公告
移动版 MT4 和 MT5
玩转交易场赢IPhone13
新客户首入金达指定金额即可获取红包，再达指定层级手数即可获取礼品
FOMO周五：比特币过山车继续
又是时候了，乡亲们；周末。随着周末的结束，是时候再次回顾本周的高潮和低谷、成功和失败了。今早与交易员聊天，大多数图表观察家和屏幕监查者都在谈论的一个重大举措似乎是比特币的暴跌。“爱它还是恨它”加密图标本周进一步下跌了16%，延续了最近的跌幅。比特币从本月早些时候的历史高点下跌了近20%。那么，让我们来看看是什么原因导致了这一举动，就像以往一样，如果你抓住了这一举动？做得好！如果没有？总有下个星期。
天眼交易商
热点资讯
PrimeXBT — 专业外汇交易服务的全球合作伙伴
WikiFX受FCA监管外汇平台变少，有31家你别碰
WikiFX狂砍MT4杠杆，MT5强制“动迁”，保证金低于200%的OANDA用户危险了
WikiFXWikiFX 祝您劳动节快乐
WikiFX现货黄金如何选经纪商？鑫旺金业靠谱吗？拒绝服务香港客户就是答案
WikiFX汇率计算
