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Switch Markets Review
Switch Markets is an Australian run broker, but it holds no ASIC license itself. Client trades are actually handled by Royal CM in Vanuatu, a light touch regulator.
Min Deposit
$50
Spreads From
1.4 pips (Standard account)
Max Leverage
1:1000 (dynamic leverage, offshore accounts only)
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Offers MetaTrader 4 and MetaTrader 5 with free VPS hosting included
- Runs a live 100 percent credit bonus for new verified deposits
- Low minimum deposit of 50 dollars to open a live account
- Gives clients extra tools like PineConnector and AlgoBuilder for free
Cons
- Switch Markets Pty Ltd itself holds no ASIC license despite its Australian base
- Real regulated activity sits with Royal CM in Vanuatu, a light touch regulator
- WikiFX gives the broker a very low score for regulation
- The broker's own terms exclude Australian residents from opening accounts
Switch Markets launched in 2019 and is run from Brookvale in Australia. Its own company, Switch Markets Pty Ltd, only handles client support and account setup. By its own published terms, every regulated trading activity is carried out by a separate company, Royal CM LTD.
Royal CM LTD is licensed in Vanuatu, company number 700284, a regulator with no compensation scheme for traders. Switch Markets once worked as an authorised representative tied to an ASIC license, but that arrangement ended, and Switch Markets itself does not hold an ASIC license today. Its own terms even exclude Australian residents from signing up.
Traders get MetaTrader 4 or MetaTrader 5, free VPS hosting, and tools like PineConnector and AlgoBuilder, with a live 100 percent credit bonus for new deposits. WikiFX still scores the broker very low for regulation, so treat the light Vanuatu license, not the Australian address, as the real picture of how much protection you actually have.
Min. Deposit
USD 50
Max Leverage
1:1000 (dynamic leverage, offshore accounts only)
Spreads From
1.4 pips (Standard account)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
