Swiss Markets Review 2020
Swiss Markets is a regulated STP trading broker offering a range of Forex and CFDs for trading online via the popular and user friendly MT4 platform for desktop, web and mobile devices. Whilst the broker does have multiple account funding options, they could benefit from providing traders with educational materials and daily market analysis. Social trading platform integration and a proprietary platform could also help them to improve their brokerage service.
Swiss Markets Review 2020, Pros & Cons
- Regulated brokerage
- Powerful MT4 platform for multple devices
- Good selection of account funding options
- Prompt customer support
- No US traders allowed
- Lack of educational materials
- No daily market analysis
- Minimum $200 deposit
- Restricted leverage
In this detailed Swiss Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Swiss Markets is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Swiss Markets.
Swiss Markets Review: Summary
Swiss Markets is an online Forex/CFD brokerage that offers the same professional trading services to all clients whatever your experience level or investment size – everyone gets the VIP treatment. The broker states that they work tirelessly to exceed their traders’ expectations.
Swiss Markets is part of the BDSwiss Holding PLC group which was founded in 2012. The brand was established in 2016 with the aim to create a competitive environment within which its clients could enjoy secure, transparent and reliable STP trading. Swiss Markets is a true STP broker, meaning that all of their clients’ orders are immediately passed on to liquidity providers.
Swiss Markets’ main priority is to assist its traders in every possible respect, providing them with the necessary resources and tools they need to optimize their trading experience.
Swiss Markets Review: Regulation
Swiss Markets ensure that all of their procedures and processes are carried out with full transparency and that they act in the fairest possible manner towards clients.
Swiss Markets is part of BDSwiss Holdings PLC. The BDSwiss Group holds multiple licenses and registrations. You can read our BD Swiss Review for more information on the sister company.
BDSwiss are part of a worldwide operating group with its head offices in Zug, Switzerland. The BDSwiss Group has licenses and registrations in multiple jurisdictions. Such regulation can help to give prospective clients peace of mind that they will be dealing with a secure and trustworthy broker.
BDSwiss LLC is authorised and registered with the United States National Futures Association (NFA).
BDS Markets is authorised and regulated by the Financial Services Commission (FSC) of Mauritius.
BDSwiss Holding Plc is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 199/13. As a Cyprus Investment Firm, BDSwiss Holding Plc is obliged to adhere to all relevant European and local laws and regulations, including the Markets in Financial Instruments European Directive (“the MiFID”) and the Investment Services and Activities and Regulated Markets Law of 2017 as amended (Law 87(I)/2017).
BDSwiss GmbH is the registered tied agent of BDSwiss Holding PLC in Germany. BDSwiss Holding PLC is operating under the MiFID (EU Directive) and is registered in EU Member States listed on the brokers website.
The European Directive on Markets in Financial Instruments (MiFID) 2004/39/EC, in force since 01.11.2007, aims to regulate and supervise the investment and ancillary services within the European Economic Area (EEA), with its main objectives being the improvement of performance levels in the markets, the increase transparency in the financial markets, to promote competition and to protect the investors. Through the MiFID, investment firms regulated in a Member State, can provide its services in another Member State and/or third countries, always provided that the investment firm is licensed and authorised to provide such services.
Swiss Markets offer negative balance protection which basically means that you can trade assured that you cannot lose more than you invest.
Swiss Markets Review: Countries
Swiss Markets welcomes clients from all over the world, although they cannot accept traders from the USA, Belgium and some OFAC sanctioned countries. Some Swiss Markets broker features and products mentioned within this Swiss Markets review may not be available to traders from specific countries due to legal restrictions.
Swiss Markets Review: Trading Platforms
Swiss Markets clients can trade on the ever popular MetaTrader 4 (MT4) platform with STP execution. The Swiss Markets Forex MT4 platform is packed with a wide array of technical analysis and charting tools to meet the needs of any trader wishing to trade the financial markets. Featuring more than 250+ assets for trading online including forex pairs, metals, energies, cryptocurrencies, indices and equities.
The MT4 platform from software company MetaQuotes is freely available on desktop, web and mobile devices (iOS & Android). The mobile platform is useful for traders who need to access and manage their trading account whilst on the go. The web version can run directly in your web browser without needing to download or install any additional software.
- Real time price quotes in the market watch window
- Fully customisable chart templates
- Variety of technical indicators & drawing tools for chart analysis
- Multiple chart timeframes
- Multiple order types
- Automated trading with expert advisors (EAs)
- Strategy tester to back test EAs over historical data
- Price alert notifications via SMS, email and platform pop-ups
- MQL community to share ideas & tools with other traders
- MQL editor to create custom indicators, scripts & EAs
Swiss Markets Review: Trading Tools
The Swiss Markets economic calendar is your one stop source for the latest economic data. Automatically updated following each announcement, here you can find when the world’s biggest financial announcements will take place as well as what the projected value will be. You have the ability to filter your results based on date, country and/or importance. This tool can be useful as part of a fundamental analysis strategy.
Swiss Markets have a selection of trading calculators:
- Margin Calculator: Shows the required minimum amount in your account, which is necessary to open the desired position.
- Pip / Point Value: It is always good to know how much the current profit or loss will change when the price of the underlying asset moves by one pip.
- Swap: The overnight or rollover interest (that is earned or paid) for holding positions overnight.
- Currency Convertor: This will convert one currency to another currency, displaying the conversion rate.
Swiss Markets Review: Education
Swiss Markets believe that all existing or prospective traders should be well-informed on the rewards and risks involved in trading. To help their clients get started in the world of Forex and CFD trading, the broker provides advanced educational resources, comprising of regular seminars, webinars and trading-related content.
Swiss Markets Review: Trading Instruments
More than just a forex broker, Swiss Markets provides CFD trading services on a range of underlying assets including: forex, metals, energies, commodities, indices, cryptos and equities. The broker aims to offer as many instruments as possible, to help ensure that traders can find the assets they are interested in trading online.
Foreign exchange was the first truly democratic asset class. As a decentralised, over-the- counter market, it’s the perfect instrument for trading over the Internet. Thanks to the innovation of CFDs (contracts for difference), which allowed currencies to be traded without a delivery date, retail forex trading has exploded across the globe. Forex is traded 24 hours per day, 5 days a week, with each 24-hour period being divided into three trading sessions as different financial centres across the globe open for business. The global forex market is the largest and most liquid market on earth, with a daily turnover in excess of $5 trillion and ample trading opportunities for traders participating in its Asian, European and North American sessions.
While forex trading is one of the newest and most innovative forms of trading. The exchange of precious metals is probably the most ancient. Owing to their scarcity and difficulty of extraction, precious metals have always been regarded as stores of value. Even today, in our hyper-connected, technologically advanced age, gold and silver are still highly valued commodities and safe haven assets. Money routinely flows into precious metals whenever there is even a hint of an economic downturn. Gold, for example, is inversely correlated with the US dollar because investors typically sell dollars to buy gold during times of economic uncertainty. Silver is positively correlated with gold, often mirroring its movements, however it’s use in industry makes its price more dependent on supply and demand than that of gold.
Energies such as crude oil and natural gas are highly important to the global economy because without them our modern industrial democracies would not be possible. Everything we consume, from the food that we eat to the devices that we use, require energy in their manufacture, packaging and distribution. Energy traders gain unique insights into global economic health as the price of these commodities is directly related to supply chain dynamics that affect almost all other assets. For example, during times of economic slowdown, the demand for crude oil drops and stockpiles increase. Energy traders also have to be well-versed in geopolitics, as the shifting allegiances between nation states are often directly related to the availability of this most vital of commodities.
Stock indices are measures of the aggregated performance of a certain stock market or industrial sector. For instance, the S&P 500 is composed of stocks from 500 companies traded on the NASDAQ and NYSE stock exchanges. Similarly, the NASDAQ-100 tracks securities that are issued by the 100 largest non-financial companies listed on the NASDAQ. Stock indices are not purchasable in the same way as the securities they comprise. Their rise and fall is determined by the collective performance of all the public companies factored in their calculation and they are traded by investors through the use of derivative instruments such as CFDs.
Swiss Markets Review: Trading Accounts & Fees
Swiss Markets currently offer two distinct account types, STP Classic and STP Raw, both of which follow a straight through processing (STP) model. The minimum deposit amount required to start trading is $200 for the Classic and for the Raw STP Account.
- Classic Account: Spreads from 0.9 pips, leverage up to 1:30, no commission, minimum lots from 0.01, minimum deposit from $200
- Raw Account: Spreads from 0 pips, leverage up to 1:30, commission from $11 with $200 deposit, commission from $8 with $2,000 deposit, commission from $5 with $10,000 deposit, minimum lots from 0.01
Demo account are available if you would like to try out the different trading platforms and practice your trading strategies with virtual funds before open a real live trading account.
Swap free Islamic accounts that comply with Sharia law are also available upon request.
As broker fees can vary and change, there may be additional fees that are not listed in this Swiss Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Swiss Markets broker account for online trading.
Swiss Markets Review: Customer Service
Swiss Markets offer customer service for all your trading needs via online chat, telephone (including call back), email, Whatsapp and Telegram. Swissmarkets is using local numbers to avoid any charge on the client. Support is offered in English, Spanish, German and Greek.
Swiss Markets Review: Deposit & Withdrawal
Swiss Markets have a selection of useful methods for depositing and withdrawing funds from your trading account. This includes Wire Transfer, Credit/Debit Cards, Neteller, Skrill, Postepay, Giro Pay, Sofort, iDeal, eps and Przelewy24. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Swiss Markets strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Swiss Markets trading account.
Accounts can be opened in EUR, USD, GBP, CHF PLN, DKK, NOK, SEK. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Client’s funds safety is of vital importance to Swiss Markets and a personalised and sophisticated client portal has been developed to allow flexibility and comfort to clients in order to process secure deposits and withdrawals from a single source.
Swiss Markets Review: Account Opening
There is a short online registration form to complete if you want to open an online trading account with Swiss Markets. You need to provide your personal information and pass an appropriateness test to make sure their services are suitable for you. If you pass that stage then you will need to provide some documents for KYC purposes such as a proof of address and identity card. Once your account has been verified, you will be able to fund it and start trading online.
Swiss Markets Review: Conclusion
Swiss Markets has a diverse offering of online trading products with great emphasis put towards client satisfaction. They are regulated, operating with transparency and offering a range of trading instruments on the simple yet powerful MetaTrader 4 platform. This includes forex, stocks, cryptos and commodities. There are some useful additional trading tools, variety of account funding options and a very helpful multilingual support team.
Areas the broker could improve on would be to offer social trading platform integration. The $200 minimum deposit is greater than many other brokerages require. They could develop their own proprietary trading platform and also offer traders more educational materials. Furthermore, daily market analysis could also be deemed beneficial by some clients.
Trading CFDs is highly speculative and carries a high level of risk. 78.3 % of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for everyone and you should ensure you understand the risks involved.