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Switch Markets

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7.7
4 Reviews

Founded: 2020 Min Deposit: 50 USD

Headquarters: Singapore Max Lev: 1 : 500

Risk Warning (1) 2026-06-24
ASIC has revoked the AR license of Switch Markets.
Score
Business Scope
7.9
Trading Cost
7.5
Trading Platforms
7.8
Support
7.5
Licence Status
No data
Contact
+61 (03) 9013 6122
support@switchmarkets.com

Deposit and Withdrawal

7.6

Good

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Company and Service

7.8

Good

Profile
Headquarters Address
1B Terengganu Street, Singapore
Founded 2020
Time Zone GMT+3
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android
Contact
No Data
Others
Website Language
Chinese,  English
Customer Service By
Phone,  Email,  Live Chat,  Web Form,  Facebook,  Twitter,  Instagram
Supported Language
Chinese,  English
Company Overview

Switch Markets (operating online at switchmarkets.com) is an online trading broker offering access to a broad range of global financial markets including forex, commodities, indices, shares and cryptocurrencies via Contracts for Difference (CFDs) and popular trading platforms such as MetaTrader 4 and MetaTrader 5, promoting competitive execution, tight pricing and a suite of tools and educational resources designed to support both novice and experienced traders in managing their strategies and market participation.

 

Operating Philosophy

Switch Markets positions itself as a technology-focused brokerage that emphasises transparent execution, customer service and client fund safeguarding, combining platform versatility, multi-currency account options and customer support to help traders engage global markets with confidence while delivering services that the firm says are backed by client fund segregation and negative balance protection to help manage risk.

 

Vision

The firm’s stated vision is to build a globally recognised trading ecosystem that empowers clients with broad market access, advanced platforms, educational support and responsive services to facilitate strategic participation across diverse asset classes, while continuously evolving its technology, tools and partnership initiatives to enhance the trading experience.

 

Services

Switch Markets provides multi-asset CFD trading across major and minor forex pairs, global indices, commodities, cryptocurrencies and share CFDs, available through industry-standard platforms such as MetaTrader 4 and MetaTrader 5 along with technology add-ons like VPS and integration with external tools for automated strategies, supported by real-time pricing, analytical features and customer support aimed at accommodating a wide range of trading preferences and experience levels.

 

Regulation & Licensing

Switch Markets operates through an arrangement where Switch Markets Pty Ltd (ACN 640 033 727) acts as an authorised representative providing access and client services, while regulated financial services are performed by Royal CM LTD, an entity authorised by the Vanuatu Financial Services Commission (VFSC); the group also includes entities regulated in other jurisdictions, such as Royal Financial Trading Pty Ltd under an ASIC AFS licence (no longer active according to some third-party reports), but retail clients should verify the current status of regulatory oversight and protections in their region before trading.

 

Why Choose Switch Markets

Clients may be attracted to Switch Markets for its multi-asset coverage, platform flexibility, 24/7 support and promotional offerings such as account tools and educational resources, with many user reviews reporting positive experiences related to customer service, ease of account setup and responsiveness; however, mixed feedback and uncertainty around top-tier regulatory licensing mean that prospective traders should conduct thorough due diligence on regulatory status, terms and risk before engaging with the broker.

Related Complaints

Q&A

How does Switch Markets' platform work?

ClairWoo
Malaysia
Nov 21, 2025
ANSWER Dear Investor, Regarding Switch Markets, we recommend that you contact their customer support directly for the most accurate information about their trading platform. Our previous investigation indicated that Switch Markets operated as an Authorized Representative (AR) of Royal Financial Trading Pty Ltd under Australian Securities and Investments Commission (ASIC). However, ASIC now shows that this AR appointment has a status of “ceased”, raising serious concerns about the platform’s current regulatory standing. Switch Markets now claims to remain part of the corporate group under Royal CM Ltd, which reportedly holds licenses from the Vanuatu Financial Services Commission (VFSC) and the Cyprus Securities and Exchange Commission (CySEC). While these principal licenses do appear valid, neither VFSC nor CySEC lists Switch Markets or its operating entity as a formally authorized subsidiary or brand under those licenses. Moreover, Switch Markets itself is not directly registered as a regulated or authorized entity with either authority. Due to this lack of verifiable linkage, we cannot confirm the legitimacy of its current regulatory claims. This creates a significant risk that Switch Markets may be operating without proper oversight. Therefore, we strongly advise you to exercise extreme caution when considering any engagement with Switch Markets, as it may effectively be unregulated. Thorough due diligence is essential before depositing any funds.
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Overall Score

7.7
4 Reviews

Cost 7.5

Platforms 7.8

Deposit & Withdrawal 7.6

Customer Support 7.5

Indicates the average level of Brokers

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4 Reviews Clear filter

NAVANEETHAN N
0-6 months Standard Account Montserrat
This platform has experienced several disk freezes this month. Please take this seriously!
Jun 15, 2026
Reply
Franklyn Lynch
0-6 months Standard Account Kazakhstan
market manipulation through a severe slippage caused my stop-loss. I raised the issue immediately and spent more than a year following up with their support team. Despite repeated promises that the case would be reviewed, no meaningful explanation or resolution was ever provided.
Jun 15, 2026
Reply
Anshul Raghuwanshi
0-6 months Pro Account India
They reply very fast listen very fast and reply very fast i mean really fast amd the cost is also good
Jul 21, 2024
Reply
Hamilton
Singapore
上次滑點馬上找了客戶經理處理,最後有幫忙爭取到一些補償,服務這塊還是挺滿意的
Jul 24, 2022
Reply
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