October 8, 2019
Swiss Markets broker review: reviews, features, bonuses

Swiss Markets is a fairly young broker. It has a Russian interface and a demonstration account (virtual money). All services that are in the course of the Forex market are provided. There is an opportunity to trade currencies and resources. You can make money on the volatility of pairs.

Among the advantages of the broker can be identified a variety of financial instruments, competitive conditions, a small start-up deposit, indefinite demo account and the availability of licenses from serious companies.

The disadvantages include the size of commissions for services, limited ways of entering/withdrawing money, lack of training, registration offshore, lack of segregated accounts, no information about liquidity providers.

Bonuses, promotions, discounts for beginners and other promotional offers are not provided by the company.

  Broker's description

Swiss Markets was founded in 2012 in Limassol, Cyprus. The company's headquarters are also located there. It has offices in Germany.

To register, you need to click on the "Registration" button on the official website, and then fill out the questionnaire. It says:

  • The middle name
  • Active phone number
  • E-mail
  • The date of birth
  • Select currency from the drop-down list
  • Create a password
  • To indicate where you live and your country.

After confirmation, verification is required, without which it will not be possible to withdraw the money won.

  License and legal regulation

CySEC (Cyprus Securities Commission) and MFSA (Malta Financial Supervision Authority) deal with the disputed issues.

All licenses are available on the official website, where they are freely available for viewing.

  Complaints and claims

At the moment, the company does not sue anyone, it is a reliable broker, regulated by solid organizations.

  User reviews

On the network you can find several negative reviews from Russian users, which are not confirmed by screenshots, documents, or arguments.

There are also customers dissatisfied with the fact that the company refuses to cooperate with traders from the United States.

  Trading conditions

The minimum deposit for the user should be at least $200, and you can bet on $1.

You can trade currency pairs, energy (oil, gas), indices, raw materials, metals.

According to the feedback of foreign traders, it is possible to understand that they consider Swiss Markets the best platform for trading stock indices with a fixed commission for transactions of $2. 

This impression is made by a large number of tools for trading and competitive conditions of earnings.

  Spreads and commissions

The average spread is 0.9 points. At the same time, the commission, depending on the type of account and transaction, can be 5-11 dollars.

Account types

The broker offers several types of trading accounts:

  • a classic – for inexperienced players. 

Minimum deposit of $200, floating spread from 0.9 points in currency trading, no commission, leverage 1:500, trading takes place on internal servers;

  • "Raw str is for beginners. 

Spread floats from 0, minimum refill at $200. There is a commission, it is possible to open an Islamic account (with the transfer of the transaction), leverage 1:200;

  • raw str-swiss8 – only for experienced users.

Special technology provides transaction processing speed. The minimum deposit is from $2,000 and the spread is from 0 points. You can engage in interbank trading. Leverage 1:200, there is a commission;

  • raw str-swiss5 – professionals work.

There is direct access to interbank liquidity. The commission is minimal. Leverage 1:200, 0 spread. To open such an account requires a deposit of $10,000.

You can work on any currency, just use the equivalent amount.

Trading with Swiss Markets

Each registered user in the analytical section can view the economic calendar, use virtual analytics. 

The resource is designed for experienced traders who at the sight of the graph understand how to read it and benefit from what they saw.

  Trading platforms

The trading platform works through the MT4 terminal. All the options and functionality you need to work are available. 

You can download any software: the official site has links for Windows, Android or iOS. Just register your account and download it to the media.

  Training

The resource does not have lessons to learn about the ways and opportunities of trading. A demo account can act as a training ground: it is virtual money that can be used in bidding. 

At the same time, it should be remembered that it is impossible to withdraw them: virtual currency units are not transferred to a real account. But the funds won with their help are to be withdrawn.                                                                                                                                                                                                                                                         

  Support

Technical support works only in English. A sentence can be made with a question or a claim for Russian, the answer will be given in the same language through an interpreter.

To contact the company, you can send an email to one of the addresses, the list of which is on the site. Also available is chat in Whatsapp, Telegram. Feedback through the company's website, where the pop-up window is located, is open from 8 a.m. to 10 p.m. on weekdays.

You can apply to the regulatory service with a complaint: it must be made necessarily in English and attach screenshots with a personal trading account and confirming the violation of rights facts.

  Conclusions

To register on the websites of brokers or not, everyone decides for himself. Such activity can bring a good income, but requires investments of money, effort and time.

Swiss Markets – a company from Cyprus (has no relation to Switzerland), has been working for quite a long time in this form and from one legal address.

Before registration, you should carefully read the rules, as well as familiarize yourself with such activities as trading on the site. 

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