de | cn | ru

Swiss Markets Review - Is it scam or safe?

Swiss Markets Review - is scam or good forex broker?

RATING: 3 / 2 REVIEWS ForexBrokerz Swiss Markets


Trading Accounts


Account type Minimum deposit  Minimum trade size Maximum leverage Average Spreads (& Commission)  
Classic STP $200 0.01 1:500 1.3 pips
Raw STP Swiss11 $200 0.01 1:200 0.2 pips + $11/lot
Raw STP Swiss8 $2 000 0.1 1:200 0.2 pips + $8/lot
Raw STP Swiss5 $10 000 1 1:200 0.2 pips + $5/lot


This broker offers one commission-free account and several others with different commission fees applicable. All of them provide variable spreads, STP execution, and the option for swap-free (Islamic) service. The highest leverage, up to 1:500, are available on the Classic STP account.


The Company. Security of Funds





Bdswiss Holding PLC




Don’t be fooled by its name - Swiss Markets is not a Swiss brokerage. Instead, it is licensed by the Cyprus Securities and Exchange Comission (CySEC). The broker offers more than 70 currency pairs, as well as numerous CFDs on indices, commodities, energies and precious metals on the renown MT4 platform.


Swiss Markets is operated by Bdswiss Holding PLC, a company that also operates the popular binary options brand BDSwiss.


Cyprus is one of the most popular destinations for forex and binary options brokers worldwide.  CySEC requires regulated brokerages to hold a minimum of €730 000, to keep client money separately from the company’s operational assets, as well as to report to the Commission on a regular basis.


In addition, all licensed brokers are members of the Investor Compensation Fund, where customers of authorized financial services firms may receive a compensation, amounting to a maximum of 20,000 EUR, if the broker becomes insolvent or ceases trading.


Besides, CySEC-regulated companies are authorized to provide its services across the EU under the MiFID regulations.


Trading Conditions


Minimum Initial Deposit

In order to open an account with Swiss Markets, one has to deposit at least $200, which average for the forex industry. Yet, other Cypriot brokers require less: the minimum initial requirement set by FXTM is just $5.


Average Spreads & Commissions

Swiss Markets’ typical spreads on commission-free accounts amount to 1.3 pips on EUR/USD, which is average for the industry. The trading costs are lower on Raw STP Swiss8 and Raw STP Swiss5 accounts, but those require significantly higher initial investments. If you are willing to deposit $2 000, your trading costs for the EUR/USD pair amount to around 1 pips per standard lot (0.2 pips + $8/lot), which means


By comparison, FXTM offers average ECN spreads of 0.5 pips and involve a commission $4 per standard lot (round turn). For further information and comparison, you may look up and compare real-time spreads of 15 leading brokers here.


Maximum Leverage

Swiss Markets offers leverage up to 1:500, which is a high ratio. Although CySEC proposed default leverage levels to be 1:50, most Cypriot brokers still provide higher leverage ratios - FXTM - up to 1:500 and XM – up to 1:888. You may check out more forex brokers offering leverage equal to or exceeding 1:500 here.


We advise traders to be careful when trading on margin, as higher leverage levels may not only multiply their profits on a small deposit, but also lead to losses exceeding initial investments.


Trading Platform


This broker supports the popular MetaTrader4, which comes in all forms and shapes – desktop, web and mobile versions. 


The MT4 delivers all a trader needs basically: ease of use, supports automated strategies (EAs), offers extensive back-testing environment and a number if build-in technical analysis indicators, as well as advanced charting tools. Here is a list of more forex brokers offering MT4 platform.


Methods of Payment


Swiss Markets offers its clients the following payment methods: Credit/debit cards, bank wire transfer, Neteller, Skrill, iDEAL, giropay & Sofort.


This broker claims to process withdrawals within 24 working hours and that credit/debit cards and that withdrawals via bank wire and credit/debit cards are charged with no additional fees.




Swiss Markets is a well-regulated forex and CFD broker with extensive product portfolio and attractive trading conditions, It supports the industry’s standard MT4 platform and claims to use No Dealing Desk technology. To sum up the above:


Pros   Cons
Well-regulated No choice of trading platforms
Competitive spreads    
Same-day withdrawals  
MT4 available  


Latest news about Swiss Markets
No news about Swiss Markets . Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Swiss Markets
















Price feed















Customer service











Swiss market is a scamed broker and after 40 days they didnt pay my money

Ali 03/06/2019
de | cn | ru