Switch Markets Review in 2025

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: November 5, 2025

‹
• Jump to:
• Regulations
• Trading Instruments
• Trading Platforms
• Payment Methods
• Account Types
• Support
• Conclusion
›

Switch Markets is a contract-for-difference (CFD) broker that markets itself as offering tight spreads and rapid execution on the popular MetaTrader 4 platform. The brand operates two publicly-facing websites, one with a global focus (switchmarkets.com) and another targeting the European Economic Area (switchmarkets.eu). Product coverage is typical of multi-asset CFD brokers, spanning forex pairs, stock indices, metals, energies and a handful of cryptocurrencies.

The broker advertises two live account types – a commission-free Standard account and a Raw account that combines ultra-low spreads with a per-lot commission. Minimum deposit is stated as $50, while leverage of up to 1:500 is promoted for non-EU clients (EU residents are limited to 1:30 under ESMA rules). Switch Markets says it keeps client money in segregated accounts and provides negative balance protection, but it does not mention any statutory investor compensation scheme.

Regulations

Switch Markets lists two legal entities in its footer and legal documents. The first is Switch Markets International PTE Ltd, incorporated in Singapore with registration number 202040285G. No reference to authorisation or supervision by the Monetary Authority of Singapore (MAS) or any other regulator is provided, and the company is not found on the MAS register (checked 2 September 2025).

The second entity is Switch Markets International Ltd, registered in St Vincent & the Grenadines as an International Business Company (IBC No. 1372448). Saint Vincent’s Financial Services Authority does not supervise or license CFD brokers; therefore, this entity is effectively unregulated.

The EU-facing site (switchmarkets.eu) states that services to EEA clients are provided under the MiFID II regime via Avenir Registrations Ltd acting as a tied agent of SOK Financial Services Ltd (CySEC licence No. 439/23). However, Switch Markets itself is not the licence holder, and the arrangement’s scope is unclear.

Registered office addresses published are:

• Switch Markets International PTE Ltd – 30 Cecil Street, #19-08 Prudential Tower, Singapore 049712
• Switch Markets International Ltd – Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St Vincent & the Grenadines

The broker ‘does not accept’ residents of the United States, Canada, North Korea or jurisdictions where local law prohibits CFD trading. Other country blocks are not disclosed. Client funds are said to be held separately from company money and negative balance protection applies, yet no external dispute resolution scheme or investor compensation fund is mentioned.

Trading platforms

Platforms	PC / MAC	Smartphones	Tablets
MetaTrader 4

Trading Information
Trading Platforms	MetaTrader 4, MetaTrader 5
Demo Account
Hedging
Scalping
US Traders
Arabic Traders

Switch Markets relies on the industry-standard MetaTrader 4 suite, covering Windows desktop, web terminal and mobile apps for iOS/Android. No proprietary platform, MetaTrader 5, cTrader or TradingView integration is advertised. The broker supports Expert Advisors (EAs), copy-trading via the built-in MT4 Signals service and offers free VPS hosting to high-volume traders, though detailed criteria are not published.

MetaTrader 4

MT4 provides 30 built-in indicators, nine order timeframes and four pending order types. Switch Markets enables one-click trading, depth-of-market view and the full range of order execution modes supported by MT4. Both Standard and Raw accounts use the same server, so chart prices are identical; the only difference is the spread-plus-commission structure.

Clients can run EAs without restriction, back-test strategies using historical data and subscribe to thousands of signal providers through the MQL5 marketplace. The broker claims “no dealing desk” execution, but does not publish fill statistics such as average slippage or latency.

Mobile traders can access MT4 on iPhone/iPad and Android, placing market, stop and limit orders while monitoring up to four charts simultaneously. WebTrader offers similar functionality from any recent browser, useful for Chromebook or shared-PC access.

Copy trading

Copy trading is delivered through the native MT4 Signals tab. Traders browse signal providers, review historical performance metrics and choose fixed-fee or profit-share models set by the provider. Subscription approvals are instant; risk can be adjusted by lot multiplier, equity percentage or maximum drawdown. Switch Markets itself does not curate or rank providers, so due diligence remains the client’s responsibility. No additional fees are levied by the broker, but normal spread/commission and any provider fee apply.

Payment methods

Switch Markets lists cards (Visa/Mastercard), international bank transfer, Skrill, Neteller, FasaPay and several cryptocurrencies (Bitcoin, Ethereum, Tether) as funding channels. The full matrix of limits and fees is not publicly displayed; the client portal apparently shows method availability by country.

The quoted minimum deposit is $50 for all payment types, though some e-wallets may impose their own lower limits. Card, Skrill and Neteller deposits are processed instantly, while blockchain transfers are credited after one network confirmation (typically 10–60 minutes). International wire transfers usually reach the trading account within 1–3 business days once funds clear.

The broker states it does not charge internal fees on deposits or withdrawals, but reminds clients that card issuers, intermediary banks or crypto miners may levy third-party costs. Withdrawal requests are processed ‘within 24 business hours’ subject to full KYC verification and the “return-to-source” rule up to the total deposited amount. Any profit must be withdrawn by bank wire or crypto.

Base currencies supported are USD, EUR, GBP, AUD and SGD. Selecting the same currency as your funding source helps avoid conversion costs. All accounts must pass standard AML/KYC checks before the first withdrawal, including proof of identity and address.

• Deposit
• Withdrawal

Brand	Minimum	Fees	Processing Time
	$50	None	Instant
	$50	None	Instant
	$50	None	Timing (deposit): 1–3 business days
	$50	$50	Instant
	$50	None	Instant
	$50	Network fee	10–60 minutes

Brand	Minimum	Fees	Processing Time
	$50	None	1–3 business days
	$50	None	1–3 business days
	$50	Bank charges apply	3–5 business days
	$50	None	Same day
	$50	None	Same day
	$50	Network fee	Within 24h processing + blockchain confirmation

Account types

Switch Markets offers two live accounts plus an unlimited MT4 demo. Both live accounts allow hedging, scalping and EAs, and can be opened as individual, joint or corporate. Swap-free (Islamic) status can be requested after registration and is available at the broker’s discretion. Maximum leverage is 1:500 outside the EEA and 1:30 within the EEA.

Standard account

The Standard account prices all instruments through a mark-up model. Published typical spreads start from 1.3 pips on EUR/USD, although average figures are not provided. No commission is charged. The minimum opening balance is $50. This account targets beginners or discretionary traders who prefer a single all-in cost rather than paying separate commission.

All asset classes offered by the broker can be traded, subject to underlying market hours. Margin requirements adjust dynamically with position size according to the broker’s risk table, but detailed tiers are not available on the public site.

Raw account

The Raw account streams interbank-style prices with spreads ‘from 0.0 pips’. A commission of $7 per round-turn standard lot (or currency equivalent) is applied on forex and metals; indices and cryptos remain commission-free. Minimum deposit matches the Standard account at $50. Low-spread plus commission pricing tends to suit scalpers, high-frequency strategies and traders who benchmark costs closely.

All other trading conditions – leverage, platforms and product range – mirror the Standard account. The broker does not currently publish volume-based rebates or a tiered commission structure.

Demo accounts

Creating an MT4 demo requires only name, email and phone number. The broker allows users to choose balance up to $100,000 and leverage up to 1:500. Demo credentials arrive by email immediately and there is no advertised expiry, although inactive logins may be purged after 30 days of no activity.

Market pricing on demo mirrors the live Standard feed but without execution slippage or requotes. Traders can open multiple demos to test distinct strategies or EAs and may request a balance reset through live chat. Transitioning to a live account involves uploading KYC documents and funding the account with at least $50.

Support

Customer service is available 24/5 via live chat, email and a Singapore-listed phone number (+65 prefix). Live chat is accessible directly from the website and usually connects to a human agent within 1–2 minutes during trading hours (tested 2 September 2025). Emails sent to support@switchmarkets.com received a personalised reply within six hours.

The broker operates in English only; no multilingual support pages are visible. A searchable Help Centre covers account opening, funding and platform installation, but lacks depth on advanced topics such as margin stops or corporate actions. When chat agents cannot resolve a query, a ticket is escalated to the operations team with an estimated turnaround of ‘up to one business day’. No dedicated account manager service is advertised for retail clients.

Conclusion

Switch Markets offers a familiar MT4-centred trading environment, dual pricing models and a relatively low $50 entry point. The product line-up is broad enough for most retail CFD traders, and leverage up to 1:500 will appeal to strategy testers — though it amplifies risk as well as potential reward.

The main drawback is regulatory standing: the core entities are either unregulated or operate under a tied-agent arrangement rather than holding a direct top-tier licence. No investor compensation scheme applies, and key disclosures such as execution statistics and full fee schedules are thin. Consequently, Switch Markets may suit cost-conscious, platform-agnostic traders who understand the implications of trading with an offshore broker, but risk-averse clients or those seeking strong statutory safeguards may prefer a firm with direct oversight from regulators such as the FCA, ASIC or CySEC.