Switch Markets
Switch Markets is a multi-asset CFD broker founded in 2019 and headquartered in Brookvale, New South Wales, Australia. It is part of the OneRoyal group of companies, a global financial services organisation with a presence in 21 countries and almost 100 staff. Client services for international traders are provided through Royal CM LTD, authorised by the Vanuatu Financial Services Commission (VFSC), with additional group entities licensed by the FSA of Saint Vincent and the Grenadines.The broker offers more than 1,400 tradable instruments across forex, indices, shares, commodities, metals and digital currencies through MetaTrader 4 and MetaTrader 5 (desktop, mobile and web versions). Two main account types are available: a zero-commission Standard account with spreads from 1.4 pips and a Pro (Raw) account with spreads from 0.0 pips at $3.50 per side per lot. Both accounts share a $50 minimum deposit, leverage up to 1:1000, micro-lot trading from 0.01 lots and an Islamic swap-free option.Switch Markets distinguishes itself with a free VPS bundle, a free Perks Package valued at $8,937, social trading (PAMM), and 24/5 multilingual customer support. There are no deposit fees, no inactivity fees, and most withdrawals are processed within one business day. Negative balance protection and segregated client funds at tier-one banks are in place across all live accounts.
MetaTrader 4
MetaTrader 5
Trust & Safety
| Segregated Funds | Yes |
| Negative Balance Protection | Yes |
| Compensation Scheme | None (offshore entity). Client funds held in segregated accounts at tier-one banks. |
| Founded | 2019 |
| Headquarters |
Trading Costs
| EUR/USD Spread | From 0.0 pips (Pro), From 1.4 pips (Standard) |
| Commission | $3.50/lot/side ($7 round turn) on Pro, None on Standard |
| Islamic Account | Yes |
| Inactivity Fee | None |
| Deposit/Withdrawal Fees | No deposit or withdrawal fees charged by the broker. Most withdrawals processed within 1 business day. |
Trading Conditions
| Max Leverage | 1:1000 (Global) |
| Minimum Deposit | $50 |
| Execution Type | STP |
| Stop Out Level | 20% |
| Margin Call Level | 50% |
| Min Lot Size | 0.01 |
| Instruments | 65 Forex 1319+ Stocks 26 Indices 15 Commodities 2 Metals 2 Energies 41 Crypto |
| Currency Pairs | 65+ |
Platforms & Tools
| Platforms | MetaTrader 4 MetaTrader 5 |
| Mobile App | Yes |
| Copy Trading | Yes |
| EA/Algo Trading | Yes |
| Free VPS | Yes |
| API Access | No |
| Education Resources | Trading Academy Video Tutorials Trading Glossary Market News Economic Calendar Webinars |
| Research Tools | Trading Central Economic Calendar Market News Daily Market Commentary Free VPS |
Account & Support
| Account Types | Standard Pro (Raw) Islamic PAMM Demo Micro |
| Base Currencies | USD EUR AUD GBP CAD NZD CHF |
| Payment Methods | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller FasaPay Perfect Money Crypto (Bitcoin) Globepay Paytrust Nganluong |
| Withdrawal Speed | Same Day (most methods, processed within 1 business day) |
| Support Hours | 24/5 Live Chat Email Phone (multilingual) |
| Best For | Beginners Low Deposit High Leverage Low Spreads Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Restricted Countries | United States Canada Japan North Korea Iran Syria Iraq Cuba Sudan Myanmar Afghanistan Yemen Libya Somalia |
How does it compare?
Compare Switch Markets against other forex brokers.
Frequently Asked Questions
Where is Switch Markets not available for trading?
Switch Markets is headquartered in Australia and regulated by VFSC (Vanuatu), FSA (St. Vincent and the Grenadines). While Switch Markets accepts traders from most countries worldwide, the following countries are restricted:
United States, Canada, Japan, North Korea, Iran, Syria, Iraq, Cuba, Sudan, Myanmar, Afghanistan, Yemen, Libya, Somalia
Country restrictions are primarily due to regulatory requirements, sanctions, and local financial laws. Availability may also vary depending on which Switch Markets entity you register with. Restrictions can change — verify your eligibility at Switch Markets official website.
What is the process to open an account with Switch Markets?
Getting started with Switch Markets is straightforward. Here's what you need to know:
Minimum Deposit: $50
Account Types: Standard, Pro (Raw), Islamic, PAMM, Demo, Micro
Platforms: MetaTrader 4, MetaTrader 5
Base Currencies: USD, EUR, AUD, GBP, CAD, NZD, CHF
To get started:
1. Register online and verify your identity
2. Choose your account type and base currency
3. Make your first deposit (minimum $50)
4. Download your preferred trading platform
5. Start trading
Open your account in minutes — start the registration at Switch Markets official website.
What trading styles is Switch Markets best for?
Switch Markets is best suited for: Beginners, Low Deposit, High Leverage, Low Spreads, Scalping, Algo Trading, Copy Trading, Day Trading, Swing Trading, News Trading, Hedging, Zero Spread, No Commission, Professional
Switch Markets is a multi-asset CFD broker founded in 2019 and headquartered in Brookvale, New South Wales, Australia. It is part of the OneRoyal group of companies, a global financial services organisation with a presence in 21 countries and almost 100 staff. Client services for international traders are provided through Royal CM LTD, authorised by the Vanuatu Financial Services Commission (VFSC), with additional group entities licensed by the FSA of Saint Vincent and the Grenadines.The broker offers more than 1,400 tradable instruments across forex, indices, shares, commodities, metals and digital currencies through MetaTrader 4 and MetaTrader 5 (desktop, mobile and web versions). Two main account types are available: a zero-commission Standard account with spreads from 1.4 pips and a Pro (Raw) account with spreads from 0.0 pips at $3.50 per side per lot. Both accounts share a $50 minimum deposit, leverage up to 1:1000, micro-lot trading from 0.01 lots and an Islamic swap-free option.Switch Markets distinguishes itself with a free VPS bundle, a free Perks Package valued at $8,937, social trading (PAMM), and 24/5 multilingual customer support. There are no deposit fees, no inactivity fees, and most withdrawals are processed within one business day. Negative balance protection and segregated client funds at tier-one banks are in place across all live accounts.
See if Switch Markets matches your trading needs — explore their full offering at Switch Markets official website.
Is Switch Markets an established broker, and how can I reach their support team?
Here's the company background for Switch Markets:
Headquarters: Australia
Founded: 2019
Customer Support: 24/5 Live Chat, Email, Phone (multilingual)
Contact details, office locations, and live chat support are on Switch Markets official website.
Does Switch Markets offer webinars, tutorials, and trading courses?
Switch Markets provides a comprehensive set of educational and research tools:
Education Resources: Trading Academy, Video Tutorials, Trading Glossary, Market News, Economic Calendar, Webinars
Research Tools: Trading Central, Economic Calendar, Market News, Daily Market Commentary, Free VPS
Access free webinars, tutorials, and research tools on Switch Markets official website.
How many reviews does Switch Markets have on Trustpilot?
As of June 26, 2026, Switch Markets has a Trustpilot rating of 4.6 out of 5, based on 895 reviews.
This rating reflects real trader experiences with Switch Markets's execution, customer service, withdrawals, and overall platform quality. You can read individual reviews on the Switch Markets Trustpilot page.
See how Switch Markets compares to alternatives and explore their current offerings at Switch Markets official website.
Does Switch Markets support PayPal, Skrill, or Neteller?
Here are the deposit and withdrawal details at Switch Markets:
Payment Methods: Credit/Debit Cards (Visa, Mastercard), Bank Wire, Skrill, Neteller, FasaPay, Perfect Money, Crypto (Bitcoin), Globepay, Paytrust, Nganluong
Withdrawal Speed: Same Day (most methods, processed within 1 business day)
Fees: No deposit or withdrawal fees charged by the broker. Most withdrawals processed within 1 business day.
Processing times per payment method and current fee schedules are on Switch Markets official website.
Does Switch Markets support social trading, and how does it work?
Is copy trading available at Switch Markets?
✅ Yes
Supported Platforms: MetaTrader 4, MetaTrader 5
Browse available signal providers and copy trading settings on Switch Markets official website.
Is algorithmic trading allowed at Switch Markets, and is API access available?
Switch Markets fully supports automated and algorithmic trading:
Expert Advisors (EAs) Allowed: ✅ Yes
Free VPS: ✅ Yes
API Access: ❌ No
EA setup guides, VPS specifications, and API documentation are on Switch Markets official website.
Does Switch Markets offer crypto, commodities, and indices trading?
Switch Markets offers a wide range of tradable instruments across multiple asset classes:
Instruments: 65 Forex, 1319+ Stocks, 26 Indices, 15 Commodities, 2 Metals, 2 Energies, 41 Crypto
Currency Pairs: 65
Minimum Lot Size: 0.01
The full instrument catalog with contract specifications is on Switch Markets official website.
Can I open a demo account at Switch Markets?
Switch Markets offers the following account types:
Account Types: Standard, Pro (Raw), Islamic, PAMM, Demo, Micro
Is an Islamic (swap-free) account available?
✅ Yes — Swap-free accounts do not charge or receive overnight interest, making them suitable for traders who follow Islamic finance principles.
Compare account features, spreads, and commissions side by side on Switch Markets official website.
Does Switch Markets have a mobile trading app?
Switch Markets supports the following trading platforms:
Platforms: MetaTrader 4, MetaTrader 5
Mobile App: ✅ Yes
Download links, system requirements, and platform setup guides are on Switch Markets official website.
Does Switch Markets charge deposit or withdrawal fees?
Here are the deposit requirements and fees at Switch Markets:
Minimum Deposit: $50
Inactivity Fee: None
Deposit/Withdrawal Fees: No deposit or withdrawal fees charged by the broker. Most withdrawals processed within 1 business day.
Base Currencies: USD, EUR, AUD, GBP, CAD, NZD, CHF
Current deposit methods, processing times, and fee schedules are on Switch Markets official website.
What is the margin call and stop out level at Switch Markets?
Switch Markets offers the following leverage and margin settings:
Maximum Leverage: 1:1000 (Global)
Margin Call Level: 50%
Stop Out Level: 20%
Leverage limits per instrument and jurisdiction are detailed on Switch Markets official website.
What trading fees does Switch Markets charge on forex trades?
Here is how Switch Markets structures its trading fees:
- EUR/USD Spread: From 0.0 pips (Pro), From 1.4 pips (Standard)
- Commission per trade: $3.50/lot/side ($7 round turn) on Pro, None on Standard
- Execution type: STP
For live spread comparisons and execution statistics, check Switch Markets official website.
How is Switch Markets regulated, and does it offer negative balance protection?
Regulatory oversight at Switch Markets comes from VFSC (Vanuatu), FSA (St. Vincent and the Grenadines). Each of these regulators enforces its own set of requirements for client fund protection, reporting, and conduct.
Does Switch Markets keep client money separate from company funds? ✅ Yes
Can I lose more than my deposit at Switch Markets? Negative balance protection is ✅ Yes, so your losses are capped at your account balance.
What happens if Switch Markets becomes insolvent? None (offshore entity). Client funds held in segregated accounts at tier-one banks.
See the full list of regulatory licenses and investor protection details at Switch Markets official website.
User Feedback
There are no trader reviews for this broker yet. If you have traded with them, be the first to leave a short, honest review and help other traders.
Share Your Experience
Short, honest feedback helps other traders understand what it is really like to trade with this broker.