About Switch Markets
Basic Information
Established: 2019
Country Of Registration: Australia
Regulators: Australian Securities And Investments Commission (ASIC), Saint Vincent And The Grenadines Financial Services Authority (SVGFSA)
Minimum Deposit: 50 Dollars
Risk Warning
Online Trading Involves Significant Risks And Investors May Lose Their Entire Investment Capital, So Make Sure To Understand The Risks Involved.
Main Features
Market Tools: More Than 180 Tradable Tools Are Available For Forex, Precious Metals, Indices, CFD Stocks, Cryptocurrencies, Etc.
Account Types: Standard Accounts And Professional Accounts Are Available, And Demo Accounts Are Supported.
Maximum Leverage: Up To 1:500. The Specific Leverage Varies According To The Market Type.
Trading Platform
Trading Software: Supports MetaTrader 4 (MT4) And MetaTrader 5 (MT5) Platforms.
Platform Features: Suitable For Desktop, Web And Mobile Devices, Providing A Wealth Of Trading Tools And Resources.
Spreads & Commissions
Spreads:
Standard Accounts Start With A Spread Of 1.4 Pips (no Commission).
Professional Accounts Are As Low As 0.0 Pips, But Are Subject To A Commission Of $7 Per Lot.
Deposit And Withdrawal Methods
Available Methods: Visa, Mastercard, Bank Telegraphic Transfer, Digital Currency, Neteller, Skrill And Many More Payment Methods. Almost All Deposit Methods Are Free Of Charge.
Processing Time: Usually Completed Within One Business Day, But Depending On The Payment Method.
Customer Support
Support Methods: Multilingual Customer Support Is Available, Contact Via Email And Live Chat. Client Server Email Is Support@switchmarkets.com.
Social Platforms: Support Is Available On WeChat, Twitter, Facebook And Instagram.
Advantages And Disadvantages
Advantages:
Regulated By ASIC To Ensure Transaction Security.
Offers A Variety Of Tradable Assets And Fund Access Options.
Allows Risk-free Trading Using Demo Accounts.
Minimum Deposit Requirement As Low As 50 Dollars.
Cons:
Regional Restrictions Exist And Do Not Accept Clients Living In Multiple Specific Countries.
Customer Support Methods Are Relatively Limited.
Frequently Asked Questions (FAQ)
Is Switch Markets Regulated?
Yes, It Is Regulated By ASIC.
Are There Regional Restrictions?
Yes, Do Not Accept Clients Living In Countries Such As Yemen, USA, Iran, North Korea, Etc.
Are Demo Accounts Available?
Yes, Risk-free Practices Are Allowed.
Does The Branch Support The Industry Standard MT4 And MT5?
Yes, Both Platforms Are Supported.
What Is The Minimum Deposit To Open An Account?
The Minimum Deposit Is 50 Dollars.
Is Switch Markets Suitable For Beginners?
Yes, Offering Good Regulation, Competitive Trading Conditions And Demo Accounts, It Is Perfect For Beginners.
