deposit:
- $200
Trading platform:
- MetaTrader4
- FSC
- FSA
- 0%
Swiss Markets Review 2024
deposit:
- $200
Trading platform:
- MetaTrader4
- FSC
- FSA
- 0%
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Summary of Swiss Markets Trading Company
Swiss Markets is a broker with higher-than-average risk and the TU Overall Score of 3.95 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Swiss Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Swiss Markets ranks 223 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Swiss Markets is a broker whose conditions are more suitable for experienced and professional traders. It may be challenging for beginners to enter the Forex market through Swiss Markets as the company does not provide tools to facilitate the start of trading for novice traders.
Swiss Markets is one of the subsidiaries of the BDSwiss Group, a conglomerate that offers secure entry into the interbank Forex market. Swiss Markets is an STP broker founded in 2016 and registered with the Mauritius Financial Services Commission. Its clients have access to trading over 100 instruments with trading leverage of up to 1:500, floating spreads, and market execution. Swiss Markets provides traders with one of the most functional and user-friendly online trading platforms, MetaTrader 4 by MetaQuotes.
💰 Account currency: | EUR, USD, GBP |
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🚀 Minimum deposit: | $200 |
⚖️ Leverage: | Up to 1:500 |
💱 Spread: |
Classic STP - from 0.9 pips Raw STP - from 0 pips |
🔧 Instruments: | Forex, metals, energies, indices, equities |
💹 Margin Call / Stop Out: | 100%/20% |
👍 Advantages of trading with Swiss Markets:
- The company and its parent holding firm have been operating for a long time, and they have a brokerage license from a financial regulator.
- Broker offers accounts with different trading commission types.
- The ability to trade currency pairs and CFDs from a single account.
- Dynamic leverage of up to 1:500.
- Competitive offers for partners promoting Swiss Markets' services.
- Deposits and withdrawals can be made using various methods without commissions.
- Professional multilingual support.
👎 Disadvantages of Swiss Markets:
- The broker is not geared toward beginner traders. It does not offer cent accounts or educational resources, and the minimum deposit is $200.
- There is no negative balance protection on the accounts.
- The commission for professional accounts on currencies is higher compared to other brokers, at $11 compared to $5-8 charged by its competitors.
Evaluation of the most influential parameters of Swiss Markets
Table of Contents
Geographic Distribution of Swiss Markets Traders
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Expert Review of Swiss Markets
Swiss Markets regularly reviews its trading conditions and adapts them to the trader's demands. The broker has eliminated a wide range of account types and now offers only two universal accounts for trading currencies and CFDs on the MT4 trading platform. The requirements for the initial deposit amount and the number of available instruments on both accounts are identical, so all traders are on equal footing. The account type depends solely on the trader's preferred commission calculation model.
Most of the payment systems provided by Swiss Markets allow for instant deposits. The only exception may be bank transfers, which can take longer due to their specific nature. The broker accepts eight currencies and offers the option to open accounts in three. Traders who choose USD, EUR, and GBP can save on currency conversion since no currency exchange takes place in this scenario.
Swiss Markets does not offer bonus programs. However, the company provides various partnership plans, allowing its clients to build their own referral network and earn additional profits even without active trading. High leverage and floating spreads enable advantageous trading conditions for those who have developed successful trading strategies and have experience in financial markets.
Dynamics of Swiss Markets’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
To generate profits with Swiss Markets, it's not necessary to actively trade with this broker. Its clients have access to passive income options such as investing in PAMM and social trading. These methods are also suitable for Forex beginners who lack experience in market analysis or executing trades with financial instruments. By becoming an investor, a trader transfers the decision-making process to a successful market participant with the necessary skills and expertise.
Swiss Markets provides services for passive income
To become a Forex investor, large sums of money are not required as in the stock market. Starting with as little as $50-100 is sufficient. These funds can be invested in the trades of experienced traders or account managers. If they execute successful trades, the investor also receives profits. Swiss Markets offers the following solutions for generating passive income:
Social trading. The MT4 trading platform supports its most rigid form of investing, automatic trade copying. By choosing this tool, investors do not have the ability to manually place or cancel trades. At the same time, there is no need for constant monitoring of the trading process. Copy trading is best suited for novice traders who are not familiar with indicators, charts, and other analysis tools.
Investing in PAMM. Swiss Markets provides a list of experienced account managers where funds can be invested. The manager combines these funds with their capital and that of other investors for trading. Then, depending on the trade outcome, profits or losses are shared among all participants in the PAMM account. Investors cannot view or cancel trades, but the trading results of the manager are readily available.
Investors can also earn from trading robots rather than humans. To do this, they can select a trading advisor on the mql4.com website and install it on the trading platform. Robots can be chosen based on the number of available trade management stages (search, entry, control, exit), cost, trading decision-making model, and more.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Swiss Markets’ affiliate programs
Affiliate commissions are calculated based on the trading activity of referred clients and are paid twice a month. The minimum withdrawal amount is $100.
Swiss Markets offers flexible and competitive reward plans for affiliates and IBs, as well as a White-Label offering for building their business model in the Forex market.
Trading Conditions for Swiss Markets Users
Swiss Markets clients can trade from any internet-connected device. The MetaTrader 4 trading platform can be installed on a PC or laptop (desktop version) and is also available as a WebTrader. For mobile trading, MT4 applications for Android and iOS are used.
$200
Minimum
deposit
1:500
Leverage
24/5
Support
💻 Trading platform: | MetaTrader 4 (web version, desktop, mobile apps) |
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📊 Accounts: | Demo, Classic STP, Raw STP |
💰 Account currency: | EUR, USD, GBP |
💵 Replenishment / Withdrawal: | Visa/Mastercard/Maestro, bank wire transfer, Skrill, Neteller, Giropay, Sofort, Postepay, Przelewy24, iDEAL, and EPS |
🚀 Minimum deposit: | $200 |
⚖️ Leverage: | Up to 1:500 |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.1 |
💱 Spread: |
Classic STP - from 0.9 pips Raw STP - from 0 pips |
🔧 Instruments: | Forex, metals, energies, indices, equities |
💹 Margin Call / Stop Out: | 100%/20% |
🏛 Liquidity provider: | Proprietary providers |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market execution |
⭐ Trading features: | Hedging is allowed |
🎁 Contests and bonuses: | No |
Comparison of Swiss Markets with other Brokers
Swiss Markets | RoboForex | Eightcap | Exness | FXGT.com | Vantage Markets | |
Trading platform |
MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, MT5, WebTrader, Mobile Apps |
Min deposit | $200 | $10 | $100 | $10 | $5 | $50 |
Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 0 points | From 1 point | From 0.5 points | From 0 points |
Level of margin call / stop out |
100% / 20% | 60% / 40% | 80% / 50% | No / 60% | 50% / 20% | 100% / 50% |
Execution of orders | STP | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
Swiss Markets | RoboForex | Eightcap | Exness | FXGT.com | Vantage Markets | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | Yes | No |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | No | Yes | No | No | No | No |
Options | No | No | No | No | No | No |
Swiss Markets Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Classic STP | From $9 | No |
Raw STP | From $0 | No |
If a position is not closed within the trading day and is carried over to the next day, the broker applies another type of commission called a swap fee. To understand the level of commissions at Swiss Markets, the analysts at TU have compared them with the fees of other brokers through which Forex trading is possible. The indicators for the three companies can be found below.
Broker | Average commission | Level |
Swiss Markets | $4.5 | Medium |
RoboForex | $1 | Low |
Pocket Option | $8.5 | High |
Detailed review of Swiss Markets
Swiss Markets is part of the BDSwiss Group, which has been operating since 2012 and currently serves over 1 million traders worldwide. The broker offers accounts with different conditions, a wide range of trading instruments, and payment methods for conducting financial transactions. Professional multilingual support is available 24/5 on Forex market trading days to assist with any issues or questions. Providing the classic MetaTrader trading platforms allows experienced traders to start trading on the day of opening an account without the need to learn the functions of proprietary platforms.
Swiss Markets by the numbers:
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The broker has over 7 years of experience in online trading.
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More than 16,500 traders are partners of the company.
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Swiss Markets works with clients residing in 125 countries.
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Over 4,500 traders open accounts with the broker every week.
Swiss Markets is a broker for trading CFDs on currencies, commodities, stocks, and stock indices
The company has made efforts to adapt its conditions to traders with different experience levels and trading preferences. The list of available instruments includes 48 currency pairs comprising over 20 exotic duos. Swiss Markets applies both negative and positive swaps, allowing clients to not only incur losses but also earn additional funds when carrying positions over to the next day. For metals (XAU, XAG, XPT), spreads start from 13 pips, with a commission of $5. Energies are traded with spreads starting from 35 pips and a commission of $0.5-$5, with a margin requirement for NGAS set at 10%. The commission for CFDs on indices is $2, and for stocks, it is 0.15% of the position size.
Swiss Markets’ analytical services:
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Economic calendar. Transmits important news, financial data, and indicators in a convenient format for traders.
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Trading calculators. Designed for margin calculation, pip value estimation, and swap size calculation. An online currency converter is also available.
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Demo account. Allows users to learn Forex trading and test the broker's trading conditions for their strategy.
Advantages:
The ability to profit from active asset speculation, copying trades, or investing in PAMM accounts.
The company provides Islamic accounts for swap-free trading.
Trading is possible not only in the desktop MT4 trading platform but also in mobile applications and web traders on any device.
Swiss Markets is part of an international holding firm that has been providing access to the currency market for almost 10 years.
Spreads for EUR/USD on professional trading accounts start from 0 pips.
Swiss Markets supports advanced technologies for online trading and balance replenishment and offers useful tools for traders to calculate profit, trading risks, and potential losses.
Guide on how traders can start earning profits
To trade financial instruments through Swiss Markets, you need to open a real account. There are two options available with the Straight Through Processing (STP) model. The minimum deposit size for both account types is $200. An Islamic account is available upon request.
Account types:
For practice and improving trading strategies, a demo account can be used.
Swiss Markets offers STP accounts with conditions tailored for experienced traders. Also, beginners in Forex trading can benefit from the broker's services thanks to the availability of the PAMM investment platform and the absence of restrictions on trade copying.
Investment Education Online
A section with educational materials is not available on the Swiss Markets website. The company used to conduct trading seminars, but currently, there is no information about the continuation of such activities.
It is necessary to look for theories on trading from other brokers, but practice can be done on the Swiss Markets website. For this purpose, a free demo account is available, which is an educational account where trading is conducted with virtual money.
Security (Protection for Investors)
Swiss Markets operates under license C116016172 issued by the Financial Services Commission (FSC Mauritius) and Financial Services Authority (FSA) Seychelles under license number SD047. This financial regulatory commission does not have a compensation fund, which is a disadvantage for traders. In the event of Swiss Markets suspending its operations, the FSC regulator will not be able to refund clients' deposits.
👍 Advantages
- Swiss Markets complies with data privacy policies.
- High-leverage trading is available.
- There is no need to prove qualifications when opening an account for professional trading.
👎 Disadvantages
- Traders' funds are not protected against unauthorized use by the broker.
- Any disputes between the broker and its clients will be resolved in the courts of Mauritius.
- There is no negative balance protection on accounts.
Withdrawal Options and Fees
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Withdrawal requests are processed within 24 hours. The subsequent timeframe for funds to be credited depends on the chosen payment method.
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Available withdrawal methods include cards, bank transfers, Skrill and Neteller systems, as well as local e-wallets (the list is available in the user account ).
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Mandatory withdrawal conditions include identity verification and using the same method as the deposit for transferring funds.
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Swiss Markets compensates for all payment system fees. There are no fees charged by Swiss Markets for withdrawals.
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The minimum withdrawal amount for international payments is €50 or the equivalent in another currency, while for SEPA, it is €5.
Customer Support Service
Service for traders is provided in 7 languages. Telephone numbers are available in Germany, the United Kingdom, Spain, and Greece, allowing for toll-free calls.
👍 Advantages
- 24/5 support is available via chat and email.
- Free calls are provided for certain countries.
👎 Disadvantages
- Saturday and Sunday are days off for the support team.
- Chat operators may not always be able to provide a quick response to inquiries and may ask for time to resolve the issue via email.
To contact Swiss Markets, you can use:
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Live chat on the company's website.
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Contacts.
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Email.
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Ready-made contact form.
Support through messenger apps is currently not available.
Contacts
Foundation date | 2015 |
Registration address | BDS Markets, 6th Floor, Tower 1, Nexteracom Building, Ebene, Mauritius |
Regulation |
FSC, FSA |
Official site | swissmarkets.com |
Contacts |
Email:
support@swissmarkets.com,
Phone: +44 (20) 36709704, +49 3021446981 |
Review of the Personal Cabinet of Swiss Markets
To create a Swiss Markets account, follow the instructions below:
Fill out the registration form. To access it, click on "Register" or "Open Real" on the official Swiss Markets website.
Provide your last and first names. You also need to provide a valid phone number and email address, as confirmation codes will be sent to them. After that, the system will prompt you to enter a password, which will be used to log in to your account after registration.
Other features of the user account:
Your Swiss Markets user account also provides access to:
Opening demo and live accounts.
Uploading documents for identity verification.
Transaction history for a specific period.
Launching WebTrader.
Economic calendar and trading calculators.
Online chat and contact information to communicate with the broker's representatives.
Disclaimer:
Your capital is at risk. 77.5 % of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Articles that may help you
FAQs
Do reviews by traders influence the Swiss Markets rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Swiss Markets you need to go to the broker's profile.
How to leave a review about Swiss Markets on the Traders Union website?
To leave a review about Swiss Markets, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Swiss Markets on a non-Traders Union client?
Anyone can leave feedback about Swiss Markets on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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