Switch Markets Review

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Switch Markets is a regulated forex broker that offers forex trading with very low spreads starting from zero pips, 0% commission and no hidden costs. They allow clients to trade with leverage up to 1:500 on hundreds of instruments across global markets including Forex, Stocks, Commodities and more. The Switch Markets trading environment offers flexible trading conditions and competitive pricing plans for traders around the world. It is ideal for ambitious traders of all markets who demand the best possible trading conditions. You can choose a trading account to suit your needs and start trading in minutes with a minimum deposit of just $50. Free demo accounts are also available to practice your trading strategies risk-free.

Tight spreads can make the difference. Switch Markets have a range of diverse liquidity providers to help ensure that their spreads remain tight around the clock. Whatever you’re trading, they know that every penny matters. That’s why they are all about low spreads and transparent pricing.

Switch Markets have fast order executions, with average execution speeds of under 76ms. This means that your trades can be placed at the best available prices with minimal delays. The broker provides the popular MetaTrader 4 platform along with a generous selection of free trading tools. They even have a free forex VPS for new clients, with no minimum trading volume required.

Since 2019 Switch Markets has grown steadily into one of the fastest evolving brokers and is now trusted by clients all around the world. Today, they are a successful team of just under 100 members, scattered around 21 countries across the globe. They have a vision for a better future for all traders, focusing on solving problems and creating better trading conditions for all traders and investors, regardless of their experience or investment size.

Instruments

With Switch Markets the Global markets are right at your fingertips, you can trade and invest in over 180+ tradable instruments today. With Switch Markets, there’s always a market to trade. Any time, any day, without any exceptions.

  • 60+ FX currency pairs
  • 21 Indices
  • 86 CFD Shares
  • 8 Commodities
  • 6 Cryptos

Forex Trading

Gain access to the world’s largest and most liquid financial market. With over $6.6 trillion in traded volume daily, the Forex market far surpasses any other exchange-based market.

Switch Markets offers competitive spreads across the board for all foreign exchange pairs. Tight spreads combined with lightning-fast execution times and deep liquidity can make Switch Markets one of the best choices in the brokerage market for some traders.

  • Lightning-fast order execution
  • Leverage up to 1:500
  • Deep liquidity for over 60+ currency pairs
  • Spreads as low as 0.0 pips
  • No hidden fees
  • Friendly, expert support available 24/5 via live chat

Commodities Trading

Open an account with Switch Markets and access a wide range of commodities today, including metals, energies, agricultural and more.

Metals

Precious metals instruments offer an opportunity to capitalize on the supply and demand of some of the world’s most traded precious metals including as gold and silver.

Energies

The energy market is extremely popular amongst traders as it has great influence on many industries including farming and transport as well as the overall economy worldwide.

  • Wide range of commodities
  • Leverage up to 1:50
  • Fast order execution
  • Friendly, expert support available 24/5 via live chat
  • No hidden fees

Trade Indices

Trade the world’s most liquid stock exchange Indices such as the UK 100, Wall Street and Germany 30 with a regulated broker. Indices are assets that are grouped together and represent the collective price performance of a number of shares, specific sectors of a market or a whole market.

  • Fast order execution
  • Leverage up to 1:200
  • No hidden fees
  • Friendly, expert support available 24/5 via live chat

Shares Trading

Predict the performance of global giants such as Facebook, Tesla, Netflix and 86 other international shares. Buy in bulk or just a fraction with low commission.

  • Fast order execution
  • Leverage up to 1:20
  • 86 Stocks
  • Low capital requirement
  • No hidden fees
  • Friendly, expert support available 24/5 via live chat

Digital Currencies

Access one of the youngest markets available with a fully authorized and regulated broker. Trade some of the most popular digital currencies including Bitcoin, Ethereum and Litecoin.

  • Fast order execution
  • Leverage up to 1:3
  • Friendly, expert support available 24/5 via live chat
  • No hidden fees

Platforms

With Switch Markets you have the opportunity to trade on the award-winning MetaTrader 4 platform. All you need to do is hit the download button and you’ll be trading in no time. It’s one of the world’s most downloaded and used trading platform. MT4 is easy to use, packed with awesome features and allows automated trading.

Switch Markets MT4 Platforms
Switch Markets MT4 Platforms

MetaTrader 4

MetaTrader 4 has been dominating the trading platform game for a long time now. And there’s a good reason for it. It’s industry’s standard across the board. You will have a hard time finding a broker that does not support this platform. MT4 is used by forex traders all over the globe.

Whether you trade at home on your computer or on the go on your phone or tablet, MetaTrader 4 has you covered! Switch Markets offer a trading app for all devices, including a powerful and intuitive WebTrader for when you need to log in using a browser and don’t want to install any additional software.

Do you trade using an Expert Advisor? No problem! MetaTrader 4 fully supports expert advisors (EAs) and automated trading. Simply plug your robot trader into the terminal, sit back, and enjoy the hassle-free trading experience.

Some of the key MT4 features include the following:

  • One of the most popular trading platforms in the world
  • User-friendly trading platform
  • Desktop trading
  • Mobile app for iOS & Android
  • WebTrader
  • Automated trading
  • One-Click trading
  • Various chart types
  • Multiple timeframes
  • Plenty of technical indicators
  • Drawing tools
  • In-depth market analysis
  • Price alert notifications
  • Automated trading with expert advisors
  • Customized trading tools
  • Trading signals
  • Marketplace for additional tools, signals and EAs

Tools

In addition to the plethora of trading tools already included within the MetaTrader platform, clients can gain access to a wide range of free and premium trading tools needed to trade the markets. This includes a Forex Economic Calendar, Support & Resistance EA (MT4) and Forex VPS. Open an account with Switch Markets and get access to a number of advanced trading tools including the following:

Switch Markets VPS

You can choose to host your Expert Advisors on the in-house Switch Markets VPS. This is an ideal solution for algo traders who can trade with 1ms latency and run automated trading systems around the clock remotely. When your live account is approved, you’ll receive a free VPS.

  • Hosted in Equinix DC
  • MetaTrader 4 pre-installed
  • Free with all live account types

Social Trading

MetaTrader Trading Signals is a copy-trading solution that allows traders to copy the most successful strategies from thousands of traders from all over the world. Traders and investors can copy their trades from as many Signal Providers as they like at the same time. There is no cap on the maximum number of Master Accounts a trader can follow. Lean on other traders’ skills and experience to try and boost the performance of your own trading. Let your money work while you still learn, practice or whilst on vacation.

  • Diversify your portfolio by copying multiple strategies
  • Low subscription fees starting from as low as $0
  • Subscribe to some of the best Signal Providers in just a few clicks
  • No paperwork or negotiations

Just keep in mind that past results are not an indication of future performance. There is no guarantee on how good or bad the signals will be. Make sure you are aware of the significant risks involved with trading online and never risk more than you can afford to lose.

Switch Markets Social Trading Signals
Switch Markets Social Trading Signals

There are numerous different indicators that can help you when choosing which accounts to follow on a social trading platform. These include profitability, active account duration, maximum drawdown & more.

Profitability: One of the most important indicators to check is Profitability. Make sure you review the Signal Provider’s past trading records and assess how profitable they are based on past performance.

Active Account Duration: Another important indicator one should pay attention to is checking how long the provider’s account has been active for, and how long the trading account has been earning profits. You can see all signal providers’ account statistics through their account activity.

Maximum Drawdown: Next, make sure you check the provider’s maximum drawdown in relation to the profit of their account. This will allow you to determine the aggressiveness of their strategy.

There are also many other factors that a trader should watch out for. These include percentage of profitable trades, percentage of losing trades, profit rate, and more.

Switch Markets Social Trading
Switch Markets Social Trading

You can choose from a wide variety of Signal Providers, offering a wide variety of trading strategies. Signal providers follow trading styles including scalping, swing trading, and trend following just to name a few.

It is important you make sure that the signals provided by the trading signals provider align with the style and method that you are comfortable and familiar with.

Otherwise, when trading begins, unfamiliarity may lead to a level of discomfort that may cause an inexperienced trader to deviate from the Forex signals, and potentially result in unnecessary trading losses and traders losing money rapidly.

Forex Profit Calculator

Calculate potential profits and losses before or after executing a trade with the free Forex Profit Calculator.

Forex Lot Size Calculator

Use the simple yet powerful Forex Lot Size Calculator to calculate the exact position size for each trade and manage your risk per trade like a pro.

Forex Economic Calendar

Access the free economic calendar and explore key global events on the horizon that could subtly shift or substantially shake up the financial markets.

Currency Strength Meter

Compare the performance of major currencies relative to others in real-time with the advanced Currency Strength Meter.

Market Heat Map

Measure the strength of major currencies relative to others in real-time and quickly and easily determine when a currency is moving strongly in one direction or another.

CAGR Calculator

Calculate the Compound Annual Growth Rate (CAGR) of your investments with the easy-to-use CAGR Calculator.

Forex Compound Calculator

Use the Forex compound calculator and simulate the profits you might earn on your Forex trading account.

Value at Risk Calculator

Use the Value at Risk Calculator to estimate possible losses.

Pivot Point Calculator

The advanced Pivot Point calculator can identify significant daily, weekly, and monthly support and resistance price levels on your chart. Due to its predictive qualities, Pivot Points are considered to be one of the leading indicators on the market. With the advanced calculator, you can skip the math and jump straight into the fun part and trade pivot points.

Switch Markets Pivot Point Calculator
Switch Markets Pivot Point Calculator

To use the Pivot Point Calculator, just enter the previous day high price, previous day low price, previous day open price and previous day close price. Once you’ve entered the previous period’s data, click ‘Calculate’ and the Pivot points calculator will determine the pivot point levels (or pivot point price) for you.

Switch Markets EAs

Automate your trading with the brokers advanced EA’s specifically designed by their trading mentors with over 50 years’ experience to help improve your chance of trading success as well as your overall trading experience.

Support & Resistance Indicator EA [MT4]

The Support & Resistance Expert Advisor for MetaTrader 4 is an automated trading system designed to help traders spot the Support & Resistance levels by drawing them on the charts as horizontal lines.

Live Currency Strength Meter EA [MT4]

The Live Currency Strength Meter for MetaTrader 4 is an automated trading system developed to identify the strength (or weakness) of various currencies relative to others in real time directly inside of your trading platform.

Value-at-risk (VAR) EA

Download the Value-at-risk (VAR) EA and measure the risk of loss for the positions you hold. Calculate your potential losses with confidence at just a click of a button.

Risk Management EA

Download the Risk Management EA and calculate the exact lot size based on your desired risk-reward ratio directly inside of your trading terminal.

If you want to be a successful forex trader you need to manage your risk with every single trade. This tool will do all the hard work for you and help you calculate the exact lot size based on your desired risk-reward ratio.

Education

Switch Markets have a collection of trading guides to help you improve your trading skills and knowledge. This shows that the broker cares about their clients and wants to make sure that they have the educational resources required to help them make informed trading decisions.

Forex Cheat Sheet Library

Unlock a free library of trading cheat sheets and learn more about chart types, strategies, indicators, market analysis, and more.

  • Easy-to-follow trading education
  • Produced by experienced traders
  • Free to download and printable PDF format
  • Suitable for traders of all levels

HowToTrade

Switch Markets have partnered with HowToTrade.com to provide traders with an opportunity to access quality education. You can learn with HowToTrade.com by following their self-paced trading lessons suitable for traders of all levels. Just like the team at Switch Markets, HowToTrade believe that it’s important to make informed decisions.

  • Educational resources for Forex & Stock traders
  • 50+ free online trading lessons
  • Interactive quizzes
  • Learn at your own pace
  • Track your progress and success
  • See what’s hot and what’s not in the market with up to five daily live streams
  • Discuss your trade ideas with a community of traders
  • Continue learning with 326 hours of easy-to-follow video lessons
  • Direct message experienced mentors if you need some help
  • Discuss your trading path on a 1 on 1 with one of the mentors

Conclusion

Switch Markets have tight spreads from 0.0 pips, competitive pricing structures, deep liquidity and 24/5 support. This makes them a great choice for any trader serious about their success. You can trade various markets with good trading conditions on the user-friendly MT4 platforms across all of your devices. The broker also offers a Free VPS with all live accounts and some very helpful trading tools. Switch Markets can be ideal for ambitious traders of all markets who demand fast execution speeds and low spreads without any hidden costs.

Switch Markets

Switch Markets Logo

7.5

MARKETS

7.5/10

PLATFORMS

7.5/10

TOOLS

7.5/10

EDUCATION

7.5/10

PROS

  • Good choice of trading instruments
  • Quick deposits and withdrawals
  • User-friendly trading platforms and apps
  • No trading strategy restrictions
  • Free demo accounts
  • 24/5 customer support

CONS

  • Cannot accept USA traders
  • No MetaTrader 5 platforms

Free Forex Robot

 

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