Swiss Markets Forex Broker
Basic Information
Mauritius
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
RAW STP - SWISS11
CLASSIC STP ACCOUNT
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
- Bank Transfers
- Credit/Debit Cards: Visa, Mastercard, Maestro
- E-Wallets: Skrill, Neteller, Giropay, Sofort, Postepay
- Bank Transfers
- Credit/Debit Cards
- E-Wallets: Skrill, Neteller
- Live Chat
- Email Support
- Phone Support
- Economic Calendar
- Trading Calculators
- United States
- Japan
- North Korea
- Syria
- Cuba
- Sudan
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:
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:
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:
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:
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:
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 Similar Brokers
Latest Reviews
Fx3578064
Australia
I seem to recall asking if there were any withdrawal or account operation fees, to which they replied that there weren't. After then, I was intended to withdraw my funds, but I was told that I would first need to pay a service fee. After considerable debate, I paid the charge, but when the insurance fee issue came up, I realized there was no guarantee I would get my money back from them even if I did i was forced to use the second choice, the company in my uploaded photo.
Exposure
2022-07-18
Mr. Rolex
Portugal
To start i made a deposit via skrill and upload the proof of payment it took to this company 3 days to make the funds available, after contacting my account manager she asks me to be patient. After start trading, i deposit more 10k to have the STP Raw Swiss 5 to have a lower commission and after a few hours, they start to induce big slippage to my trades. Immediately I've contacted support they told me that everything is normal with my account, i decide to withdraw the deposit + the 760$ profit. After i wait for more than a month. After withdrawal the funds were returned to Swiss Markes because their intermediary bank for some reason didn't process, taking from my account 50$. I have made several calls, i have made a complaint and after 3 weeks of the fight, they still investigating the case...BE AWARE THEY ARE NOT SERIOUS BROKER, PLUS THEY ARE MM.
Exposure
2020-08-04
Bút Chì
Singapore
As a person with less experience with trading, I find Swiss Markets easy to use and their educational content very useful! Truly, this broker is best of all. Come and have a try. 😀
37130
2023-03-03