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Swiss Markets Forex broker specializes in providing foreign exchange trading services, the company's official website https://dashboard.sw..., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM) to enhance the security of the company's address 06th Floor, Nexteracom Building, Ebene, Mauritius

Swiss Markets Forex Broker

Basic Information

Registered Region

Mauritius

Operating Period

Company Name

BDS Swiss Markets Global Services Ltd

Abbreviation

Swiss Markets

Company employee

Customer Service Email Address

support@swissmarkets.com

Contact Number

+442036709704

Company Website

https://swissmarkets.com/

Company Address

06th Floor, Nexteracom Building, Ebene, Mauritius

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Swiss Markets Review Summary Founded 2016 Company Name BDS Swiss Markets Global Services Ltd Registered Country/Region Mauritius Regulation CYSEC (Regulated) Trading Instruments Forex, Metals, Energy, Commodities, and Indices Demo Account Available Swap-free Account Available Trading Platform MT4 Minimum Deposit $200 Customer Support Phone: +44 (20) 36709704; +49 3021446981; +34 (91) 0756974; +357 25262934; Email: support@swissmarkets.com; Online Messaging What is Swiss Markets？ Swiss Markets, a subsidiary of BDS Swiss Markets Global Services Ltd, is an online forex and CFD broker that has been operational since 2016. It provides investors with various trading assets, including Forex, Metals, Energy, Commodities, and Indices. The company is registered in Mauritius and regulated by the Cyprus Securities and Exchange Commission (CYSEC). Despite being a regulated entity, Swiss Markets has been identified on a list of blocked websites issued by the Ministry of Trade, Indonesia, on February 2, 2022, citing unauthorized commodity futures trading. This is a significant red flag for potential investors considering using their platform. Pros & Cons Pros Cons Regulated by CYSEC Being marked out on the WikiFx warning list Appealing Spread & Commissions Support MT4 trading platform Various Methods to Deposit & Withdrawal Pros: It is regulated by the Cyprus Securities and Exchange Commission (CYSEC), ensuring it adheres to strict regulatory standards. It offers appealing spreads and commissions, which can help traders keep their trading costs low. It supports the popular MT4 trading platform, which provides advanced charting tools, automated trading through Expert Advisors (EAs), and a secure trading environment. It provides various methods for deposits and withdrawals, offering flexibility and convenience to clients. Cons: It has been marked out on the WikiFx warning list, which can raise concerns about its credibility and reliability. It's always important for traders to do their due diligence when choosing a broker. Is Swiss Markets safe or scam？ Swiss Markets is regulated by the Cyprus Securities and Exchange Commission (CYSEC), which generally offers a degree of reassurance that they adhere to specific regulatory standards for fair trading and client transparency. However, despite regulation status, Swiss Markets have been flagged up due to their presence on a warning list issued by WikiFX, a platform providing broker service information and more. Swiss Markets is part of a list of brokers that have been flagged as potentially dangerous by a regulatory authority. On February 2, 2022, these brokers had an adverse disclosure issued by the Ministry of Trade in Indonesia. This listing blocks several websites due to their participation in illegal commodity futures trading and gambling under the pretense of trading. The exposures concerning Swiss Markets generally focus on issues related to withdrawals and deceptive practices. Users commonly reported experiencing troubles when trying to withdraw their funds - unexpected fees were sometimes introduced and withdrawals would either take an excessively long time or not be processed correctly, often leading to additional costs. Furthermore, some users also pointed out concerns relating to the handling of deposits and unexpected trade anomalies after depositing significant amounts. The issues were not satisfactorily resolved, even after multiple complaints, casting doubts about the platform's reliability and trustworthiness. Market Instruments Forex: This involves trading in the global currency market, offering a range of currency pairs for trading. Metals: This category allows users to trade in precious metals such as gold and silver. Energies: Swiss Market clients have the opportunity to trade in energy commodities, including crude oil and natural gas. Indices: This platform provides global indices allowing traders to gain exposure to various sectors of different economies. Equities: Clients can also opt to trade in equities, providing an opportunity to invest and trade in various company shares. Account Types Swiss Markets offers two primary account types, the STP Classic and the STP Raw, both with a minimum deposit of $200. The STP model is a mechanism in the financial market that allows direct trades between buyers and sellers without going through an intermediate exchange or any other form of processing. This implies a non-dealing desk environment where trade orders are automatically processed by the system, eliminating the need for a manual dealing desk. Leverage Swiss Markets offers different levels of leverage depending on the account type and the market instrument being traded. For Forex trading, the leverage is quite high - it can go up to 1:500 for the STP Classic account and up to 1:200 for the STP Raw account. For other trading categories, such as Metals, Energies, Indices, and Equities, the leverage is set at 1%, or equivalently a ratio of 1:100. This applies uniformly on both STP Classic and STP Raw account types. It's important to note that while higher leverage can magnify profits, it can also increase potential losses. Therefore, it should be used judiciously and traders should have a well-thought risk management strategy in place. Spread & Commission Spreads Commissions STP Classic STP Raw STP Classic STP Raw Forex 0.9 pips 0 pips No 11 Precious Metals 22 points 18 points 5 Energies 55 points 35 points Stock Indices Fixed Fixed 2 Swiss Markets operates with two different account types, STP Classic and STP Raw, each with its unique spread and commission structure. They have designed these structures to cater to a diverse range of trading needs. For the STP Classic account, spreads are set low and no commissions are charged across Forex, Precious Metals, and Energies trading. However, there is a minimal fixed commission for Stock Indices. Conversely, in the STP Raw account, they offer extremely low or even zero spreads in Forex trading. This tighter spread is also evident in Precious Metals and Energies trading. This lower spread does come with a commission fee. In the case of Stock Indices, like with the STP Classic, spreads are fixed with a small commission charge. Trading Platforms Swiss Markets offers the MetaTrader 4 (MT4) trading platform, a comprehensive platform that offers a variety of features to aid traders in executing their strategies, one of the most popular and widely used trading platforms in the world. It's available across multiple devices including Windows, Mac, iOS, and Android, offering flexibility and convenience to its users. Deposit & Withdrawal Swiss Markets offers a diverse range of deposit and withdrawal methods, including Visa, Mastercard, Maestro, Postepay, Giro Pay, Swift, Sofort, EPS, iDeal, Przelewy24, Skrill, and Neteller. Most methods support various currencies and process deposits immediately. Swift,however, can take 1-4 working days for deposits to process. When it comes to withdrawals, Visa, Mastercard, Maestro, Skrill, Neteller, and Swift manage this within 24 hours. Postepay, Giro Pay, Sofort, EPS, iDeal, and Przelewy24 do not support withdrawals. For a detailed breakdown of the deposit and withdrawal methods, supported currencies and timeframes, clients can refer to the table provided. Conclusion Swiss Markets is a broker that is regulated by the Cyprus Securities and Exchange Commission. They offer broad accessibility with a user-friendly interface, multidimensional trading analysis tools via the MT4 platform, and diverse methods for deposits and withdrawals. They prioritize client fund safety, with a minimum deposit of $200, and ensure swift processing of transactions. However, being flagged on the WikiFx warning list signals the need for users to conduct their own due diligence. Frequently Asked Questions (FAQs) Q: How much money do I need to put in to open an account？ A: The minimum deposit for starting a new account is $200. Q: Is Swiss Markets regulated？ A: Yes, the broker is regulated by the Cyprus Securities and Exchange Commission (CYSEC) however recently was flagged by the Ministry of Trade in Indonesia for unauthorized activity. Q: What trading platform does Swiss Markets use？ A: Swiss Markets uses the MetaTrader 4 platform, under a white-label license. Q: Why is Swiss Markets on a warning list？ A: The Ministry of Trade in Indonesia listed Swiss Markets on a warning list for illegal commodity futures trading. Q: How can I contact Swiss Markets？ A: Swiss Markets can be contacted via phone: +44 (20) 36709704; +49 3021446981; +34 (91) 0756974; +357 25262934; Email: support@swissmarkets.com. And online messaging on the website is also available. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Swiss Markets broker review

Is Swiss Markets safe or scam

Rating Index

Pros/Cons

Accounts

Pros

High leverage options up to 1:500, allowing for greater trading potential.

No deposit or withdrawal fees, making transactions more cost-effective.

Access to a user-friendly trading platform, MetaTrader 4, which is popular among traders.

Cons

Not beginner-friendly, lacking educational resources and cent accounts for novice traders.

Higher commission fees on professional accounts compared to some competitors.

Limited selection of trading assets, with no access to cryptocurrencies or ETFs.

How to login to Swiss Markets?

Swiss Markets Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, especially when it comes to setting up your account. This comprehensive guide will walk you through the processes of registration, account opening, and log

Swiss Markets Forex Broker - Complete Information Guide

1. Broker Overview

Swiss Markets, established in 2016, is a forex broker operating under the umbrella of the BDSwiss Group, which has been prominent in the financial services industry since 2012. The company is headquartered in Mahe, Seychelles, with additional offices in Cyprus and Mauritius. As a subsidiary of BDSwiss, Swiss Markets operates as a private entity, focusing on delivering comprehensive trading services to a diverse clientele.

Swiss Markets primarily serves retail traders and institutional clients, providing access to a wide range of financial instruments. Over the years, it has developed a reputation for offering competitive trading conditions, including high leverage options and a variety of trading accounts. The broker's journey has seen significant milestones, including the introduction of multiple account types and the integration of the widely-used MetaTrader 4 trading platform.

The business model of Swiss Markets is centered around retail forex trading and CFD trading, allowing clients to engage in speculative trading across various asset classes. This model includes features such as Straight Through Processing (STP), which enhances execution speed and transparency in trading activities.

In summary, the Swiss Markets broker aims to provide a user-friendly trading environment tailored to both novice and experienced traders, while continuously expanding its service offerings to meet market demands.

2. Regulation and Compliance Information

Swiss Markets operates under the regulatory oversight of several authorities, including:

Financial Services Commission (FSC), Mauritius - License No. C116016172
Cyprus Securities and Exchange Commission (CySEC) - License No. 199/13
Financial Services Authority (FSA), Seychelles - License No. SD047

These regulatory bodies oversee Swiss Markets' operations, ensuring compliance with financial regulations and ethical trading practices. The licenses granted by these authorities allow Swiss Markets to offer trading services within their jurisdictions, although it is important to note that the regulatory environment in Seychelles and Mauritius is considered less stringent compared to tier-1 jurisdictions like the UK or the US.

Swiss Markets implements a Know Your Customer (KYC) policy to verify the identity of its clients and adheres to Anti-Money Laundering (AML) regulations to prevent illicit activities. Client funds are kept in segregated accounts, ensuring that they are protected and not used for operational expenses. However, Swiss Markets does not participate in any investor compensation schemes, which could provide additional security for clients in the event of insolvency.

In conclusion, while the Swiss Markets broker is regulated, the level of oversight may not be as robust as that of brokers operating under stricter regulatory frameworks, making it essential for clients to conduct due diligence before engaging in trading activities.

3. Trading Products and Services

Swiss Markets offers a diverse range of trading products, catering to the varying needs of its clients. The broker provides access to over 100 trading instruments, including:

Forex Currency Pairs: A comprehensive selection of major, minor, and exotic currency pairs, allowing traders to engage in global forex markets.
CFDs on Indices: Trading opportunities across major stock indices, enabling speculation on market movements without owning the underlying assets.
Commodities: Access to trading in precious metals like gold and silver, as well as energy products such as crude oil and natural gas.
Equities: Opportunities to trade shares of major companies, providing a pathway to invest in the stock market.
Cryptocurrencies: Limited access to cryptocurrency trading, reflecting the growing demand for digital assets.

Swiss Markets is committed to regularly updating its product offerings to reflect market trends and client interests. The broker also provides retail trading services, making it accessible for individual traders to participate in the financial markets. Additionally, institutional clients can benefit from customized solutions tailored to their trading strategies.

The broker's emphasis on providing a wide range of instruments positions it well in the competitive forex market, making the Swiss Markets broker a viable option for traders looking to diversify their portfolios.

4. Trading Platforms and Technology

Swiss Markets primarily utilizes the MetaTrader 4 (MT4) platform, a globally recognized trading solution known for its robust features and user-friendly interface. The platform supports various trading strategies, including automated trading through Expert Advisors (EAs).

Key features of the trading platform include:

Cross-Platform Compatibility: MT4 is available on Windows, Mac, iOS, Android, and as a web-based platform, allowing traders to access their accounts from any device.
Advanced Charting Tools: The platform offers a wide array of technical analysis tools, enabling traders to analyze market trends effectively.
Customizable Indicators: Traders can create and implement their own indicators using the platform's MQL programming language, enhancing their trading strategies.
Execution Model: Swiss Markets operates on an STP execution model, ensuring that trades are executed directly in the market without interference.

The broker also supports API access, allowing for automated trading solutions and integration with third-party trading tools. This technological infrastructure ensures that clients can execute trades efficiently and take advantage of market opportunities as they arise.

In summary, the Swiss Markets broker provides a reliable trading platform equipped with advanced technology, catering to the needs of both novice and experienced traders.

5. Account Types and Trading Conditions

Swiss Markets offers several account types designed to meet the needs of different traders:

Classic STP Account:

Minimum Deposit: $200
Spread: Floating spreads starting from 0.9 pips
Commission: None
Leverage: Up to 1:500
Minimum Trade Size: 0.01 lots

Raw STP Account (Swiss 11):

Minimum Deposit: $200
Spread: Starts from 0 pips
Commission: $11 per lot
Leverage: Up to 1:200
Minimum Trade Size: 0.01 lots

Raw STP Account (Swiss 8):

Minimum Deposit: $2,000
Spread: Starts from 0 pips
Commission: $8 per lot
Leverage: Up to 1:200
Minimum Trade Size: 0.01 lots

Raw STP Account (Swiss 5):

Minimum Deposit: $20,000
Spread: Starts from 0 pips
Commission: $5 per lot
Leverage: Up to 1:200
Minimum Trade Size: 0.01 lots

Swiss Markets also offers a demo account for traders to practice their strategies without risking real money. The broker allows for a maximum leverage of up to 1:500, which can significantly amplify trading potential but also increases risk.

In addition, Swiss Markets does not charge deposit fees, and withdrawals are processed within 24 hours, providing a favorable trading environment. However, clients should be aware of the inactivity fee of $10 per month for accounts that have been inactive for three months or longer.

Overall, the Swiss Markets broker provides a variety of account types with competitive trading conditions, appealing to both beginner and experienced traders.

6. Fund Management

Swiss Markets supports various funding methods to facilitate deposits and withdrawals. The accepted deposit methods include:

Bank Transfers
Credit/Debit Cards: Visa, Mastercard, Maestro
E-Wallets: Skrill, Neteller, Giropay, Sofort, Postepay

The minimum deposit requirement is $200 for both the Classic and Raw STP accounts. Deposits are processed immediately, except for bank transfers, which may take 1-4 working days to complete.

Swiss Markets does not charge any fees for deposits. However, clients should check with their payment provider for any potential fees associated with their chosen deposit method.

For withdrawals, Swiss Markets offers the following options:

Bank Transfers
Credit/Debit Cards
E-Wallets: Skrill, Neteller

Withdrawals are typically processed within 24 hours, but the time for funds to appear in the client's account depends on the bank or payment provider used. There are no withdrawal fees charged by Swiss Markets, making it a cost-effective option for traders.

In summary, the Swiss Markets broker provides flexible funding options and efficient processing times, ensuring that clients can manage their funds with ease.

7. Customer Support and Educational Resources

Swiss Markets offers comprehensive customer support to assist traders with their inquiries. The support channels include:

Live Chat
Email Support
Phone Support

Customer service is available 24/5, covering major trading hours, and support is provided in multiple languages, including English, German, Spanish, and Greek.

In terms of educational resources, Swiss Markets has limited offerings. Although the broker mentions providing educational materials such as webinars and tutorials, specific details about these resources are not readily available on its website. Traders may need to rely on external sources for comprehensive educational content.

The broker does provide essential trading tools, including:

Economic Calendar
Trading Calculators

These tools can help traders analyze market conditions and make informed trading decisions.

In conclusion, while the Swiss Markets broker offers solid customer support, its educational resources may not meet the needs of novice traders looking for comprehensive training.

8. Regional Coverage and Restrictions

Swiss Markets caters to a global clientele, providing trading services in numerous countries. The broker primarily focuses on markets in Europe, Asia, and Africa. However, it does not accept clients from specific regions, including:

United States
Japan
North Korea
Syria
Cuba
Sudan

These restrictions are in place due to regulatory requirements and compliance with international laws.

In summary, the Swiss Markets broker operates in various regions while adhering to legal restrictions that prevent service to certain countries, ensuring compliance with global financial regulations.

Swiss Markets Forex Broker has an overall rating of 1.60, Regulatory Index 0.00, License Index 0.00, Business Index 7.73, Software Index 4.00 Risk Control Index 0.00.

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