Switch Markets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Switch Markets trading signals. You will learn what kinds of trading signals Switch Markets offers and what the conditions for using them are.
Short introduction of Switch Markets
Switch Markets is a relatively young broker, which entered the OTC market in 2019. In addition to standard trading products, the company is developing unique technical trading solutions. The company already has its proprietary risk management system, author's trading advisors, and auxiliary calculators. All this is available to every client of Switch Markets.
| 💰 Account currency: | USD EUR AUD GBP CAD |
| 🚀 Minimum deposit: | From USD 50 + leverage |
| ⚖️ Leverage: | Up to 1:1000 |
| 💱 Spread: | From 0.0 pips |
| 🔧 Instruments: | Currency pairs (62), stock CFDs (82), indices (21), commodities (8), cryptocurrencies (6) |
| 💹 Margin Call / Stop Out: | 50% / 20% |
Switch Markets Pros and Cons
👍 Advantages of trading with Switch Markets:
•Deposit from $50.
•With leverage of up to 1:1000, you can open trades on major assets within the framework of the rules of risk management.
•High execution speed averaging 70-80 ms.
•A good range of auxiliary tools such as profit calculators, lot calculations, points, trading advisors, and a training base with practical tools for analyses.
•Free VPS-server with a delay in order execution to a maximum of 3-5 ms.
•Welcome bonus up to 5,000 US dollars.
👎 Disadvantages of Switch Markets:
•Relatively high spread on the standard account.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
-
Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Switch Markets Trading Signals
Analysts at the Traders Union have examined the Switch Markets tariff policy and assessed the total potential trader's expenses. The broker's main commissions include spread, swap, fixed commission on the professional account, and withdrawal commissions.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | from $14 | Yes |
| Pro | from $1 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Switch Markets does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.