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Sway Markets Forex Broker keeps up-to-date with the latest trading account information, including NO COMMISSION, ISLAMIC, ECN, VIP maximum leverage of 1:500, trading varieties, and more

Rating Index

Pros

ASIC regulated, providing a level of assurance to traders.

Competitive spreads and commissions, appealing to cost-conscious traders.

Variety of account types available, including options for no commission and Islamic accounts.

Cons

Only accepts cryptocurrency for deposits and withdrawals, which may limit accessibility for some traders.

Limited educational resources available, making it challenging for beginners to improve their trading skills.

Relatively new brokerage with a short track record, raising concerns about reliability and trustworthiness.

Sway Markets broker Accounts

NO COMMISSION

Environment

Currency

Maximum Leverage

1:500

SupportedEA

Minimum Deposit

Minimum Spread

from 1.2

Depositing Method

Withdrawal Method

Minimum position

Commission

from $0

Products

Forex Majors, Minors and Exotic

ISLAMIC

Environment

Currency

Maximum Leverage

1:500

SupportedEA

Minimum Deposit

Minimum Spread

from 0.8

Depositing Method

Withdrawal Method

Minimum position

Commission

from $7.50

Products

Forex, Cryptos, Metals, Indices, Stocks & Commodities

ECN

Environment

Currency

Maximum Leverage

1:500

SupportedEA

Minimum Deposit

Minimum Spread

from 0.8

Depositing Method

Withdrawal Method

Minimum position

Commission

from $7.50

Products

Forex, Cryptos, Metals, Indices, Stocks & Commodities

VIP

Environment

Currency

Maximum Leverage

1:500

SupportedEA

Minimum Deposit

$100K

Minimum Spread

from 0.3

Depositing Method

Withdrawal Method

Minimum position

Commission

from $3.5

Products

Forex, Cryptos, Metals, Indices

Sway Markets Account Type

Sway Markets offers four types of trading accounts to cater to different trading needs and preferences:

VIP Account

Minimum Deposit: $100,000
Leverage: Up to 1:500
Spreads: From 0.0 pips
Commission: From $3.5 per lot
Trading Instruments: Currencies, Cryptos, Metals, Indices
Negative Balance Protection: Yes

ECN Account

Minimum Deposit: $10
Leverage: Up to 1:500
Spreads: From 0.0 pips
Commission: From $7.00 per lot
Trading Instruments: Currencies, Cryptos, Metals, Indices, Stocks, Commodities, Crypto Perpetual Futures
Negative Balance Protection: Yes

No Commission Account

Minimum Deposit: $10
Leverage: Up to 1:500
Spreads: From 1.2 pips
Commission: $0
Trading Instruments: Currencies (Majors, Minors, and Exotics)
Negative Balance Protection: Yes

Islamic Account

Minimum Deposit: $10
Leverage: Up to 1:500
Spreads: From 0.0 pips
Commission: From $7.00 per lot
Trading Instruments: Currencies, Cryptos, Metals, Indices, Stocks, Commodities
Swap Fees: None
Negative Balance Protection: Yes

Sway Markets Broker Account Opening Process

Opening an account with Sway Markets is a straightforward process:

Registration

Visit the Sway Markets website.
Click on the ‘Sign Up’ button to start the registration process.
Fill out your personal details such as name, email address, and phone number.
Create an account by setting a password and agreeing to the terms and conditions.

Verification (KYC)

Log in to your newly created account.
Upload documents for proof of identity (e.g., passport, ID card) and proof of residence (e.g., utility bill, bank statement).
Wait for Sway Markets to verify your documents.

Funding Your Account

Log in to your account and navigate to the ‘Deposits’ section.
Choose your preferred deposit method, such as Bitcoin or USDT.
Follow the instructions to transfer funds to your Sway Markets account.

Trading

Select your trading platform, such as Sway Charts or Sway Charts Pro.
Once your account is funded, you can start trading a variety of instruments including currencies, stocks, indices, and commodities.