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Swiss Markets review and ratings

Established 2016
Location Mauritius Seychelles
Regulation SFSA, FSC
Offices Mahe, Ebene
Broker type STP | ECN
Leverage up to 1:500
Deposit from 200 USD
Spreads mid  mid
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller iDeal Sofort Giropay Przelewy24

Company information

Swiss Markets group includes 2 related companies.

Swiss Markets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Swiss Markets MU - located in Mauritius, regulated by the Financial Services Commission (FSC).

Availability

Swiss Markets group accepts clients from all over the world, excluding USA, Belgium and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

50+ Currency Pairs Based on major and minor world currencies.
6 Crypto Pairs Based on Bitcoin, Ethereum, Litecoin.
12 Indice CFDs Based on baskets of different blue-chip stocks.
4 Metal Spot CFDs Based on Gold, Silver and Platinum.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
130+ Stock CFDs Based on shares of US, UK and EU companies.

Comprehensive review

Swiss Markets is a forex broker operating out of the two offshore jurisdictions Mauritius and the Seychelles, and not Switzerland as the name would suggest. Despite being based offshore, however, the broker is still regulated by the relevant government agencies in the two countries, namely the Seychelles Financial Services Authority (SFSA) and the Financial Services Commission (FSC) of Mauritius.

As is common in offshore jurisdictions with loser regulations on forex brokers, trading leverage is significantly higher than in for example the EU, US and Canada. In the case of Swiss Markets, the leverage goes all the way up to 1:500 on the most liquid forex pairs, which is in many ways the industry standard for offshore-based brokers.

For traders who like a wide selection of assets to choose from, Swiss Markets may be one of the better brokers we have reviewed. The broker offers trading in a very large selection stocks and forex in particular, with over 50 currency pairs and stocks of about 130 American and European companies to choose from. In addition, stock indices, various commodities, and popular cryptocurrencies are of course also offered.

All assets available for trading from Swiss Markets are offered as leveraged CFDs. As usual, the highest leverage is available on the most stable assets like the EUR/USD and USD/JPY currency pairs, while the most volatile assets, such as cryptocurrencies, have the lowest leverage.

Swiss Markets is a traditional forex broker in the sense that it has chosen to rely fully on the classic MetaTrader 4 (MT4) platform. As most of our readers know, this was among the first trading platforms to become popular in the independent forex trader community, given that it was released all the way back in 2005. However, the platform is still popular today, largely thanks to the enormous selection of so-called “Expert Advisors” - or trading algorithms - that can be found on the integrated marketplace.

As most brokers do, Swiss Markets also offer a few different account types that their clients can choose between, depending on how much capital is deposited and how often trades are placed. In the case of this broker, there are four accounts to choose from:
– Classic STP Account, a suitable account for beginners and smaller traders, $200 min. deposit
– Raw STP - Swiss11, with tight spreads and $11 commissions, $200 min. deposit
– Raw STP - Swiss8, with tight spreads and $8 commissions, $2,000 min. deposit
– Raw STP - Swiss5, with tight spreads and $5 commissions, $10,000 min deposit

All trading accounts can be opened in with either EUR, USD, GBP, CHF, or PLN as the base currency of the account, and can be funded with payment cards like Visa or MasterCard, bank wire transfer, or e-wallet platforms like Skrill, Neteller, Sofort, and iDeal, to name just a few. A great detail to note here is that the broker does not charge any processing fees for using any of these payment methods, regardless of whether it is for a deposit or withdrawal. As always, however, any fees charged by the third party payment provider still apply.

In terms of customer service, we also feel that Swiss Markets is doing something right, offering local phone lines with local language support in English, Spanish, German, and Greek. In addition, it is of course also possible to use the broker’s live chat that is found on the website for less urgent matters. Unfortunately, the broker does not state its support working hours anywhere, which makes us doubt whether it really offers 24 hour support on trading days.

In summary, it is clear that Swiss Markets is a broker that is trying to establish itself as a serious player in the space. Having been in the business since 2016, the broker is still relatively new, which may or may not be a good thing. In any case, this is a broker where very high leverage is available, while still offering the safety of at least some regulatory oversight.

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