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Swiss Markets Review: Is it Reliable and Safe in 2024?

4.2 / 5
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Owned and managed by BDSwiss Holding Plc, Swiss Markets is a brokerage firm that was set up in 2012 to offer the trading of Forex and Contract for Difference(CFD’s) online. The broker offers their clients online trading services for a wide selection of asset types including currencies, commodities, precious metals, energies and market indices. Located in Cyprus, Swiss Markets comes under the regulatory oversight of the Cyprus Securities Exchange Commission (CySEC) and it falls under the CIF license number 199/13. Built on an STP (Straight Through Processing) business model, Swiss Markets offers their traders extremely competitive spreads in a secured trading environment. Traders are supported by a highly efficient customer support team, ensuring that they will receive an extremely high level of service.

1. General Information

A relatively young forex broker, Swiss Markets specialize in offering trading services to retail traders, through their trading platform, the MetaTrader 4 (MT4) platform, which was created by Meta Quotes Software. They also offer their traders several choices of trading account types designed to suit various trader types. The maximum leverage offered by Swiss Markets is 1:500, which is one of the best leverages being offered in the arena today.

Regulated by CySEC, Swiss Markets operates within the strict regulatory requirements imposed by this authority. Brokers operating within the jurisdiction of CySEC are required to maintain a minimum of €730 000 capital, as well as obliged to keep their clients’ funds segregated from the broker’s own operational funds. Furthermore as a CySEC regulated broker, Swiss Markets is also MiFID compliant and can passport its trading services across the Eurozone. Additionally as part of the CySEC regulatory requirements, Swiss Markets is a member of the Investor Compensation Fund administered by CySEC. This means that should Swiss Markets become contractually unable to fulfill its commitments due to insolvency issues, Swiss Markets’ investors are eligible to file for compensation under the scheme up to a maximum amount of €20 000.

2. Advantages and Disadvantages

Regulated by CySEC: Working with a regulated firm like Swiss Markets gives clients reassurance that their funds are protected and that they are dealing with a transparent and well-capitalized broker.

Low Minimum Deposit of $200: An excellent way for a new client to test-drive Swiss Markets before committing a large sum of capital.

24/5 Trading: You can trade all global sessions from Asian session, to the European session and through to the US session. Support is available while trading is open.

Free Demo Account: In a matter of minutes you can sign up to the Swiss Markets Demo account which gives you access to platforms for web, download or through mobile trading.

117 Different Assets: A huge selection of assets is available to trade across a variety of popular markets, including commodities, world indices, and currencies.

Social Trading not Supported: This broker does not support social trading or any other kind of automated trading software including signal services.

3. Trading Conditions

As for Swiss Markets trading conditions, they offer their traders competitive spreads and affordable account opening requirements. For example, their “Classic STP Account” requires a mere $200 minimum deposit to start trading. Spreads on majors like the EUR/USD starts from a minimum of 0.9 pips on the Classic account and even go down as low as zero pips on the raw spreads account. Additionally to the competitive spreads offered by Swiss Markets, the commissions that are payable on trades made through the raw spreads accounts are $11, $8 and $5 for the Raw STP-Swiss 11 account, Raw STP-Swiss 8 account and Raw STP-Swiss 5 account respectively.

4. Underlying Assets

At Swiss Markets, traders can trade in a wide selection of assets classes including spot forex, and CFDs for commodities, precious metals, market indices and energies. For the currency trading, there are 78 different pairs to choose from. Other CFDs instruments covered by Swiss Markets include 23 market indices, 7 types of soft commodities, 3 types of energies and 6 different types of precious metals.

5. Trading Platform

Swiss Markets offers the popular and robust MetaTrader 4 (MT4) technology to its clients. This is a widely adopted trading platform in the online forex trading industry. It is used by over 80% of todays Forex brokers. The MT4 has often been referred to as the industry standard trading platform. Since its introduction in 2005, the MT4 has been undergoing constant improvements making it the most widely supported piece of trading software in the Forex industry. It offers an advanced charting package, a wide range of technical indicators and support for automated trading with the use of Expert Advisors (EAs). At Swiss Markets, the MT4 is available in 4 different versions, Windows, Mac, Web and Mobile.

6. Mobile Trading

For traders who prefer more mobility, the MT4 trading platform is also available for download on iOS and Android powered mobile devices. With the uptick in smartphones and mobile tablets adoption, mobile trading has become the newest way to engage in Forex trading. The mobile trading apps provided by Swiss Markets enable traders to keep in touch with all the developments in the market from anywhere at literally anytime. Although the mobile version is optimized for the smaller screens of the smartphones and tablets, its functionalities are in no way diminished. Traders can access their trading accounts to check on their balances and make trades directly from their phones as well.

7. Demo Account

Swiss Markets has also made available a free demo account for potential clients to try out the trading platform before they commit actual money to deposit into their trading accounts. The demo platform is exactly the same as the platform that traders use for live trading. The only difference is that trades are conducted with virtual cash on the demo platform as opposed to real money with a live trading account. As well as being able to test out Swiss Markets services with the demo account, experienced traders may also use the demo account to back-test their strategies without having to risk real money. To gain access to the demo account, simply fill in the form and click send. Once approved, you will receive a login and password in the your email which you will then use to log in to your demo account.

8. Account Types

Swiss Markets offers 4 different trading account types. These are:

Classic STP Account

This account type requires a starting deposit of $200. It offers a leverage of 1:500 with minimum spreads starting at just 0 pips. Hedging is permitted with this account and the minimum lot size is 0.01. There are no commissions charged on this account type.

Raw STP-Swiss 5

This account type requires a starting deposit of $10,000. It offers a leverage of 1:200 with minimum spreads starting at 0.9 pips. Hedging is permitted with this account and the minimum lot size is 0.01. Commissions for this account type are $5 per trade.

Raw STP-Swiss 8

This account type requires a starting deposit of $200. It offers a leverage of 1:200 with minimum spreads starting at 0.9 pips. Hedging is permitted with this account and the minimum lot size is 0.01. Commissions for this account type are $8 per trade.

Raw STP-Swiss 11

This account type requires a starting deposit of $200. It offers a leverage of 1:200 with minimum spreads starting at 0.9 pips. Hedging is permitted with this account and the minimum lot size is 0.01.Commissions for this account type are $11 per trade.

For traders who wish to trade forex according to Sharia principles, Islamic versions of these accounts are also available upon request.

9. Opening an Account

The process for opening a live trading account at Swiss Markets is the same as for opening a demo account. Simply fill out the account registration form and submit it to Swiss Markets. However you will only be able to conduct real trading once your account has been funded.

10. Funds Withdrawal

To enable traders to withdraw funds with convenience, Swiss Markets has made the withdrawal process as simple as possible. Traders can choose from one of the following methods listed below to withdraw their funds with:VISA, MasterCard, Skrill, NETELLER, Bank Wire Transfer. All withdrawal requests are typically processed within 24 hours.

11. Trader Training

Unlike most other brokers out there, Swiss Markets does not offer any form of education resources. Nevertheless, given the trading accounts which Swiss Markets are providing to their clients, it is assumed that these traders are not the average beginner trader, but rather those with some level of trading experience looking to upgrade to a broker who can provide them with competitive spreads.

12. Should I Trade With Swiss Markets?

From our in-depth review of Swiss Markets, we noted that the services provided by Swiss Markets are more suited to traders who already have an idea about Forex trading. The spread levels which are offered by Swiss Markets will benefit those traders who trade in volume. The fact that Swiss Markets is a regulated broker is an added bonus since it can assure its clients of the safety of their funds. In short, Swiss Markets is the right broker for experienced traders who are looking for a broker that can provide them with high quality services at a competitive level.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Reviews on Swiss Markets

Comments about Swiss Markets
( 11 )
User rating: 4.7 / 5

Comments: 11

  1. avatar

    Super company, these people are really professionals. All respect for the whole team.I would like to point out that customer service is 6 stars. And I would like the multitude of brokerage companies to follow the example of these people. Respect! Respect!Respect!

  2. avatar

    Best Broker! with the most professional people.Thank you!

  3. avatar
    Steve marley

    i have never seen so amazing results it is the only one company show me that trading is a good option to make money

  4. avatar
    James Morgan

    it is the only company that made trust the financial market once more

  5. avatar
    Fred Martinet

    very good broker

  6. avatar
    paul Larsen

    I can say this after my experience with him so please avoid this company by all means. I invested over 2 months a sum of 157,000 euros with intelbondfx, but they took off with my money. ‘W’ kept requesting for money with different excuses. It was until I reported to cp-investigation (.) com that forced a charge-back from intelbondfx before my withdrawal was processed. Investors should avoid brokers like this.


  7. avatar

    I invested over $250k trading online and all access to make withdrawals of my funds was denied, I got in contact with the customers support but didn’t get a reasonable response from them, all my funds including my profit was stuck on the platform. I was so sad being frustrated over things, until I was advised to contact gavin ray a well known recovery specialist by a friend of mine who has also encounter withdraw issues solved by Gavin , I texted him and presented all legal documents and following all procedures he instructed and he successfully initiated the withdrawal confirming the payment into my bank account, i recommend his services to anyone you can contact him on email gavinray78 gmail com or WhatsApp ‪+‪1 (352) 322‑2096‬.


  8. avatar
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  10. avatar

    You can deposit money and trade but When you want to make withdrawal of your funds they seem to reject it, Which means you can accumulate ur asset on their page , After asking for a withdrawal, I sent another email, but I got no response. When I contacted Gavin ray a recovery specialist for assistance, he looked into the matter and made the necessary arrangements, so I had to take the proper steps in order to receive my money back. He gave me a full refund of the money that was held on the platform via his mail Gavinray78 gmail. com or WhatsApp +13523222096 ,It was a negative encounter with the platform


  11. avatar
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