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No Regulation

Score

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/10

Switch Markets

Australia | 5-10 years |

Suspicious Regulatory License | MT5 Full License | Australia Appointed Representative(AR) Revoked | High potential risk

https://www.switchmarkets.com/

Website

Open Account Time Machine

Rating Index

MT4/5 Identification

MT4/5

Full License

SwitchMarkets-Demo

Cyprus

MT4

Influence

Influence index NO.1

Canada 4.12

MT4/5 Identification

Full License

Server Name

SwitchMarkets-Demo MT4

Server Location

Cyprus

Influence

Influence index NO.1

Canada 4.12

Surpassed 22.80% brokers

Biz Area Search Statistics Advertising Social Media Index

Contact

https://www.switchmarkets.com/

Suite 126, 117 Old Pittwater road, Brookvale, NSW 2100, Australia

https://www.facebook.com/switchmarketscom

https://x.com/switchmarkets

Licenses

ASIC Revoked

Australia AR

Licensed Entity：SWITCH MARKETS PTY LTD

License No. 001283063

Warning: Low score, please stay away!

2025-12-25

It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region

Australia

Operating Period

5-10 years

Company Name

Switch Markets Pty Ltd

Company Website

https://www.switchmarkets.com/

Company Address

Suite 126, 117 Old Pittwater road, Brookvale, NSW 2100, Australia

Facebook

https://www.facebook.com/switchmarketscom

Account

Related Software

Biz Area

Website

Genealogy

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Company Summary

News

Wiki Q&A

Comment

Account

Environment

--
Currency

--
Maximum Leverage

1:1000
SupportedEA
Minimum Deposit

$50
Minimum Spread

from 0.0
Depositing Method

(16+) Neteller VISA MASTER Skrill
Withdrawal Method

(16+) VISA Neteller Skrill MASTER
Minimum Position

--
Commission

$3.5
Products

Currency Pairs, Indices CFDs, Shares & ETFS CFD, Digital Currencies, Commodities

Products

Currency Pairs, Indices CFDs, Shares & ETFS CFD, Digital Currencies, Commodities

Updated： 2025-12-25

MT4/5

White Label MT4

Full License MT5

MT4 Servers

MT5 Servers

169.84

Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4

Perfect

Meta Trader 5

Perfect

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Details

Official website

Website

switchmarkets.com

89.238.160.251

Server Location

United Kingdom
ICP registration

--
Most visited countries/areas

--
Domain Effective Date

--
Website

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Company

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Genealogy

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Switch Markets

Related Companies

SWITCH MARKETS INTERNATIONAL PTE. LTD.(Singapore)

Active

Singapore

Registration No.

202040285G

Established

2020-05-23

SWITCH MARKETS PTY LTD(Australia)

Active

Australia

Registration No.

640033727

Established

2020-03-30

Company Summary

Switch Markets Review Summary
Founded	2018
Registered Country/Region	Australia
Regulation	ASIC (Revoked)
Market Instruments	Forex, Indices, Digital Currencies, Commodities and CFD Shares
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:500
Spread	From 1.4 pips (Standard account)
Trading Platform	MT4/5
Min Deposit	$50
Customer Support	24/5 live chat, contact form
	Email: support@switchmarkets.com
	WhatsApp, WeChat, Twitter, Facebook, and Instagram
	Social media: X, Facebook and Instagram
Regional Restrictions	Yemen, US, Iran, North Korea

Switch Markets was founded by Switch Markets International PTE Ltd in 2018 in Australia. It provides various trading assets, like Forex, Indices, Digital Currencies, Commodities and CFD Shares with leverage up to 1:500 and spread from 1.4 pips on the Standard account. Demo accounts are available and the minimum deposit requirement to open a live account is just $50. However, it is not regulated currently.

Pros and Cons

Pros	Cons
Various trading assets	Revoked ASIC license
Demo and Islamic accounts offered	Regional restrictions
Commission-free account offered
Popular trading platform MT4/5
Low minimum deposit
Multiple payment options
24/5 live chat support

Is Switch Markets Legit?

Regulatory Status	Revoked
Regulated by	Australia Securities & Investment Commission (ASIC)
Licensed Institution	SWITCH MARKETS PTY LTD
Licensed Type	Appointed Representative (AR)
Licensed Number	001283063

The regulation of Switch Markets is revoked. The licensed institution SWITCH MARKETS PTY LTD is different from the company Switch Markets International PTE Ltd. Besides, its license type and email address both are different from the broker.

What Can I Trade on Switch Markets?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Digital Currencies	✔
Commodities	✔
CFD Shares	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Switch Markets offers two accounts types: Standard and PRO. It also offers demo accounts and Islamic accounts. Please be aware that inactive demo accounts are deactivated after 45 days of inactivity.

Account Type	Min Deposit
Standard	$50
PRO	$50

Leverage

Switch Markets' leverage is up to 1:500 for both account types. High leverage brings not only high profits but also high losses.

Asset Class	Max Leverage
Forex	1:500
Indices	1:200
Commodities	1:50
Share CFDs	1:20

Spread and Commission

Account Type	Spread	Commission
Standard	From 1.4 pips	❌
PRO	From 0.0 pips	$3.5/lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Desktop	Beginners
MT5	✔	Web, Desktop	Experienced traders

Deposit and Withdrawal

Payment Method	MinDeposit	Fee	Processing Time
Visa	$50 or base currency	❌	Within the nearest working day
Mastercard			Within the nearest working day
Bank transfer			Within 3-5 business days
Digital currencies		0.8%	Within the nearest working day
Neteller		❌	Almost instant once processed
Skrill
Fasapay
nganluong.vm
Perfect money
Pay trust88			Within the nearest working day
Union pay			Within the nearest working day
Interac			Within 3-4 business days
Dragonpay			Almost instant once processed
Vertupay			Almost instant once processed

Keywords

5-10 years
Suspicious Regulatory License
MT5 Full License
White label MT4
Australia Appointed Representative(AR) Revoked
High potential risk

News

Exposure Switch Markets Review: Do Traders Face Deposit Discrepancies and Account-related Issues?

Do you fail to deposit your funds into the Switch Markets forex trading account? Earned profits, withdrew them too, but did Switch Markets block your deposits? Wanted to close your trading account due to payment-related issues, but in turn got your emails blocked by the Australia-based forex broker? Faced a negative trading account balance because of illegitimate trade order execution? Many traders have shared these stories about Switch Markets on broker review platforms. In this Switch Markets review article, we have mentioned the same. Read on!

2025-11-19 18:03

News Switch Markets Broker Review: License Revoked, Trust Undermined

The broker once operated under an Australian license—but after the license was revoked, it continued accepting clients. What happens when regulatory protection disappears?

2025-05-28 17:05

News Is Switch Markets trustworthy ?

Switch Markets, a trading name of Switch Markets International PTE Ltd is a relatively new retail trading broker established in Australia in 2019 that gives you easy market access to buy and sell various financial instruments.

2024-03-07 13:52

News WikiFX report: 4 Steps to Becoming an Introducing Broker

Becoming an Introducing Broker can be the easiest method to increase your income, process, and explain all the benefits of being a CWG Markets Client. New forex brokers have different ways to enter and offer forex trading services in one of the most fascinating and lucrative markets in the world. One way to do so is by becoming an introducing broker (IB). Switch Markets shows you how to become an IB.

2022-04-15 15:39

Wiki Q&A

Nali5689

1-2 years

How long does it take to withdraw money from Switch Markets?

WikiFX Reply

Different payment methods have different processing times. Visa, Mastercard, digital currencies, Fasapay, nganluong.VM, Perfect Money, Paytrust88, and UnionPay are processed within the nearest working day. Bank transfers take 3-5 business days. Interac takes 3-4 business days. Neteller, Skrill, Dragonpay, and Vertupay are almost instantly processed once handled. These payment methods offer various processing time options to suit different users' needs and preferences.