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Swiss Markets3 min read
Broker Review
Swiss Markets is a young online broker, regulated by CySEC and offers a powerful combination of STP and MT4 trading that will greatly attract more advanced and larger traders looking for the best possible spreads and execution speed in a wide range of interesting asset classes. It is worth adding that Swiss Markets also offers its customers protection from negative balance. A trader can choose between more than 120 tools and use the WebTrader platform. The website states that all trades are withdrawn to liquidity providers.
Platforms
71
Usability
64
Assets
81
Users rating6 Votes
68
Pros Broker
Well-regulated
Competitive spreads
Free demo account
120 different assets
Cons Broker
No choice of trading platforms
High commissions
There are no contests and bonuses
No deposit in cryptocurrency
72
Overall Broker Rating
Visit Broker

Review of the company

Swiss Markets brand was founded in 2016 and is a trading division of the BDSwiss Holding PLC group, founded in 2012. Swiss Markets is registered and registered in Cyprus with registration number HE300153, and the broker is regulated by CySEC (Cyprus Securities and Exchange Commission) under license № 199/13, MFSA (Malta Financial Supervisory Authority), MiFID (Markets in Financial Instruments European Directive) and NFA (National Futures Association). All licenses can be found on the official website, where they are freely available for viewing. Swiss Markets is a Forex and CFD broker that offers STP or Straight Through Processing services and remains committed to providing a safe, transparent and reliable trading environment for its customers.

Trading advantages

Swiss Markets provides its customers with an extensive list of trading assets. These include 18 major pairs, 19 minor pairs and 40 currency pairs in the Forex market; main precious metals such as gold, silver, platinum, palladium and copper; energy products, which include US oil, Brent oil and natural gas; and soft foods such as cocoa, orange juice, coffee, cotton, and sugar. The broker also provides CFD prices on 23 major stock indices including S & P 500, Nikkei 225 and FTSE 100.

Swiss Markets allows its customers to make transactions ranging from 0.01 from a lot to a maximum of 50 lots per currency transaction, in addition to the ability to use a leverage ratio of up to 1:500 on a Classic account or up to 1:200 in other types of real accounts, which you can read customer reviews in Swiss Markets.

Trading conditions

The minimum deposit for the user must be at least $200, while you can bet on $1. You can trade in currency pairs, energy carriers (oil, gas), indices, raw materials, metals. The highest leverage, up to 1:500, are available on the Classic STP account.

According to trader’s reviews, one can understand that they consider Swiss Markets to be the best platform for trading stock indices with a fixed commission for operations of $2. Such an impression makes a large number of tools for trading and competitive terms of earnings.

Trading platforms

The trading platform operates through the MT4 terminal. All options and functionality that are required for work are available. You can download it on any software: the official site has links for Windows, Android or IOS. It is enough to register your account and download to media.

Deposit and withdrawal

Swiss Markets offers the following deposit methods: Credit / Debit card using bank transfer, Skrill and Neteller. As a rule, funds are credited to the internal balance of the company automatically within 1 business day, regardless of the chosen method of replenishing the account. Swiss Markets does not charge any fee from its customers for replenishing their account with any of the above methods. Withdrawal of funds is possible only to the details from which the primary replenishment of the trade balance was carried out. The broker notes that withdrawals are processed within 24 working hours by Swiss Markets.

Technical support

To contact the company, you can send a letter to one of the addresses, a list of which is on the site. Chat is also available on Whatsapp, Telegram. Feedback through the site, where the pop-up window is located, works from 8 am to 10 pm on weekdays. You can contact the regulatory service with a complaint: it must be compiled in English and attached screenshots with a personal trading account and facts confirming the violation of rights. You can also find many features in its About Us section.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.